Lomiko Hires Exploration Consultants to Explore for High Purity, Large Crystallite Flake Graphite at Quatre Milles Property in Quebec ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

 Lomiko Metals reinvents itself with the move into Graphite Exploration play in Canada - PineTree Capital was behind this story with its Lithium dreamz before and it will be important to see who will be backing it now.
  Graphite is definitely very interesting story in line with our Lithium and Rare Earths Elements investment ideas - whether Lomiko Metals can claim its own spot here will be only known in the future - so far we can see some liquidity coming in.

Dr. Michael Berry Morning Notes: GRAPHITE.

Presentation: Gold + Electric Minerals in Americas.

Lomiko Signs Agreement for Property in Quebec to Explore for Lithium-Ion Battery Grade, High Purity, Large Crystallite Flake Graphite

Lomiko Metals Inc.  TSX VENTURE : LMR PINKSHEETS : LMRMF FRANKFURT : DH8B

January 31, 2012 09:15 ET

Lomiko Hires Exploration Consultants to Explore for High Purity, Large Crystallite Flake Graphite at Quatre Milles Property in Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2012) -

Editors Note: There is an infographic associated with this press release.

Click here to view the infographic version of this release, or visit: http://bit.ly/x8O2JP

Lomiko Metals Inc. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company" or "Lomiko") is pleased to announce that it has engaged Consul-Teck Mineral Exploration Consultants Inc. ("Consul-Teck") to explore the Quatre Milles Graphite Property located in southwestern Quebec.

Combining three generations of experience in the exploration field primarily in Quebec, Consul-Teck performs a wide range of mineral exploration and geotechnical services. From complete turn-key to customized solutions, Consul-Teck has accumulated hands-on knowledge of the mineral exploration process. Consul-Teck services include pre-fieldwork consulting for analysis, compilation and historical data management of existing sites or for planning an exploration campaign.

"Lomiko's strategy is to engage Quebec exploration expertise on the ground that allows for a quick start to exploration on the Quatre Milles property," stated A. Paul Gill, CEO, Lomiko Metals Inc., "Pin-pointing previous drill targets and optimizing the exploration budget is a priority."

Quatre Milles Graphite Property

The Quatre Milles Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

The property was originally staked and explored by Graphicor Resources Inc. ("Graphicor") in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Historical Highlights

Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres. The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds. Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf. 23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres.

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

Graphicor geologists commented that the results of the initial drill program were extremely encouraging and recommended additional detailed drilling to properly understand and evaluate the potential of the property.

Graphite Market

• The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.
• Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.
• Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.
• Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted.
• China, which produces about 70 per cent of the world's graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.
• Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

Graphite Facts

• Natural graphite comes in several forms: flake, amorphous and lump.
• Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles mine operated by Timcal.
• Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.
• There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.
• Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.
• High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles Property.

Near-Term Strategy

Lomiko plans to mount an aggressive exploration campaign on the Quatre Milles Graphite Property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting and follow-up diamond drilling.

Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, review the website at www.lomiko.com.

On Behalf of the Board

A. Paul Gill, Chief Executive Officer

We seek safe harbor.

To view the infographic associated with this press release, please visit the following link:http://media3.marketwire.com/docs/LMR3101_quatremille.jpg.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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M&A Watch in Canada: Canada Zinc Metals: Drilling Intersects 14.54% Zinc + Lead over 8.5 metres in A-11-98 on the Cardiac Creek Deposit. czx.v, lun.to, tnr.v, ilc.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck

  Canada Zinc Metals has reported recently the number of solid results from its exploration program on Cardiac Creek Deposit. Chinese Copper and Zinc giant Tongling Non Ferrous holds a 36% stake in the company now and Canada Zinc has announced that PEA is ongoing on the project. Another significant shareholder in this emerging M&A story in Canada is Lundin Mining.

FP/wire say Lundin on the prowl for an acquisition

2012-01-26 08:56 ET - In the News

The Financial Post reports in its Thursday, Jan. 26, edition that Lundin Mining aims to make an acquisition in 2012 valued at as much as $500-million (U.S.). A Bloomberg dispatch to the Post reports that chief executive officer Paul Conibear says: "We're looking at a few things that are non-public. ... I'd like to do something significant this year." In March, Lundin terminated an agreement to be acquired by Inmet Mining, while defending itself against a hostile bid from Equinox Minerals. Lundin began a process to consider "strategic alternatives" and said in May that offers received for all or part of the company were too low. The Equinox bid ended in April when the Australian company agreed to be acquired by Barrick Gold. Mr. Conibear was Lundin's senior vice-president of corporate development in May when he was appointed to become interim CEO to replace Phil Wright. The CEO appointment was made permanent in late October. Lundin says it will consider copper, zinc and nickel acquisitions in a range of $100-million (U.S.) to $500-million (U.S.). Mr. Conibear says one asset under consideration is family owned. He says, "We're looking off the beaten path."

  Canada Zinc Metals is very well positioned now to participate in further consolidation in the industry, number of Zinc mines will be coming off line in the nearest future and the player, who can consolidate and unlock this region with Teck Resources and Korea Zinc holdings involved, will benefit the most.

China M&A in Canada: Canada Zinc Metals: Drilling Intersects 10.62% Zinc + Lead over 10.31 metres in A-11-93 on the Cardiac Creek Deposit 

"Canada Zinc Metals has come out with another great exploration results, deposit has all chances to grow further.  Stock was moving Up strongly from the recent lows couple of months ago fueled by this drill program expectations and constant rumours about Chinese consolidation. Chinese giant Tongling Nonferrous holds 36% in the company and the only question left is when they will move to increase their stake. Lundin Mining keeps all its options open with the strategic stake in the company - these two companies can easily make this Canadian region play into one of the largest Zinc and Lead mines in the world. We can talk about the magnitude of 100 million tons Zinc and Lead above 5% grade combined after consolidating the Korea Zinc and Teck Resources J/V property in the region.

   In our small interconnected world Canada Zinc Metals holds strategic stake in TNR Gold with its Lithium, Rare Earths and, now - Iron Ore projects. The most intriguing part is Los Azules litigation TNR Gold vs Minera Andes with more than Half of this "Big Copper deposit in Argentina" at stake now. One day, after Canada Zinc Metals acquisition, Chinese Tongling can be knocking together with TNR Gold on the Minera Andes and US Gold door after their merger.

  We have a new report issued on Canada Zinc Metals.

Heart of Zinc.

  Company has announced recently its shares buy back in the market - and it is almost like printing money for us. The latest financing was at 0.75CAD and now the stock is trading at 0.38CAD. Company was also granted an exploration permit for the underground drill works and now this promising deposit will enter in the resource definition stage at a much faster pace.

  During this market we are looking for the solid value and the ideal special situations when we have the growing asset and the buyer for it. In case of this company we have both - growing deposit in the very important elephant scale deposit region due to consolidation and Chinese giant Tongling which is holding 36% of the company."

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

Drilling Intersects 10.01% Zinc + Lead over 5.3 metres in A-11-96 on the Cardiac Creek Deposit

Kechika Regional Project Exploration Update - Prospective Gunsteel Shales Present and Situated Directly Along Strike Teck Resources/Korea Zinc's Cirque Deposit - Drill Targets Firmed Up on Pie and Mt. Alcock Properties

Drilling Intersects 14.54% Zinc + Lead over 8.5 metres in A-11-98 on the Cardiac Creek Deposit.

Vancouver, British Columbia, Canada – Monday, January 30, 2012 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce further drill results from the 2011 exploration drill program on the 100% owned Akie Project.

The Akie property, host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit, is located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada. The Company also owns the Kechika group of regional properties that extend northwest from the Akie property for 140 kilometers, centered along the prospective stratigraphy of the Gunsteel Formation of Northeastern BC. The 2011 exploration program included a regional program focused principally on 2 southern claim groupings, the Pie and the Mt. Alcock properties.

Akie Property:

Diamond drilling on the Akie property commenced in May and lasted approximately 4 months. Work included HQ diamond drilling on several targets across the Akie property, including the SE Extension, Cardiac Creek Zone, the NW Extension and the GPS bedded barite

Cardiac Creek Deposit

A total of 6 drill holes (A-11-92, A-11-93, A-11-95, A-11-96, A-11-98, A-11-99) were completed on the Cardiac Creek deposit. These holes provided infill information both up and down-dip as well as testing the strike extent of the high grade trend along the southeastern edge of the deposit. Step-out drilling was also conducted to the southeast designed to expand the known limits of the deposit.

Canada Zinc Metals has now received assay results from all six of the Cardiac Creek Zone drill holes. This includes the previously reported holes A-11-92, A-11-93, A-11-95 and A-11-96, and new results from A-11-98 and A-11-99.

The pierce point for hole A-11-98 represents an approximate 100 metre step-out along strike from A-08-58 and up-dip from A-06-40 and A-08-66. Highlights include 11.27% Zn+Pb and 14.08 g/t Ag over 12.67 metres, including 14.54% Zn+Pb and 17.01 g/t Ag over 8.5 metres. The results from this hole continue to demonstrate the high-grade continuity of the mineralization along the southeastern margins of the deposit, which remains open for further drilling to the southeast.

The pierce point for hole A-11-99 is located approximately 130 metres down-dip from A-06-41 in an untested area of the deposit. Drilling intersected a very large 60.3 metre interval of Proximal facies transitioning to Cardiac Creek Zone facies style of mineralization. Highlights include 5.08% Zn+Pb and 9.58 g/t Ag over 5.98 metres. The area remains open for further drilling and continued expansion of the deposit at depth.

Highlights from the results of the 2011 Cardiac Creek Zone program, including these two drill holes, are outlined in the table below.

Table.

NW Extension

Drilling at the NW Extension followed up on promising proximal facies mineralization encountered in the 2010 drill program, including hole A-10-69 and the newly discovered Nick-style nickel-zinc rich mineralization in hole A-10-72. A five drill hole program (A-11-87 to A-11-91) totaling 1,708.22 metres was completed to test these discoveries.

Results have now been received from the final two drill holes A-11-90 and A-11-91. Drill hole A-11-90, located approximately 400 metres along strike of hole A-10-69, tested the development of Nick–style Ni-Zn mineralization up-dip of the intercept encountered in hole A-10-72. Due to brittle faulting at the projected point of intersection, the Nick horizon was not intersected. However, a significant interval of Proximal facies bedded pyrite mineralization was intersected over 41.1 metres, returning a 22.5 metre interval grading 0.31% Zn which includes samples returning 1.33% and 1.30% zinc. The mineralization and stratigraphy in hole A-11-90 is similar in character to that observed at the North Lead Anomaly and the presence of sub-economic zinc grades within the mineralization is indicative of the wider prospectivity of the target. The North Lead Anomaly remains a high priority for future exploration. While drill holes A-11-87 to A-11-89 tested the strike and up-dip extents of the proximal facies mineralization in the immediate vicinity of A-10-69, A-11-91 tested the down-dip extent. No significant mineralization was intersected at the anticipated target depth. It appears that brittle faulting has displaced the mineralization observed up-dip in the previous drill holes. This drill hole will be analyzed to determine the nature of the faulting present and attempt to calculate the distance that the mineralization has been displaced in order to guide future exploration at depth in this area. The Proximal facies mineralization present at the NW Extension remains open along strike and up-dip. The table below outlines the results for the NW Extension:

Table

About the Akie Property

The Akie zinc-lead property is situated within the southernmost area (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.

Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by siliceous, carbonaceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).

Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% Zn+Pb.

In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% Zn+Pb, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.

Ken MacDonald P.Geo., Vice President of Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

CANADA ZINC METALS CORP.

“PEEYUSH VARSHNEY”

PEEYUSH VARSHNEY, LL.B

CEO & CHAIRMAN"

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International Lithium Enters Into Option Agreement On The Company's Rare Metals Forgan Lake Project, Ontario ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

  International Lithium's Mariana Lithium and Brine project in Argentina is under drill now and we have another project coming into lithium exploration play in Ontario. International Lithium has optioned the Lithium Forgan Lake project and it will be developed on J/V basis with Metron Capital. Previously reported results from Mavis Lake in Ontario had the very impressive Lithium intersections; and Tantalum grades and other Rare Metals results from that property are still to come.
  ILC is charging up its portfolio and exploration programs into the new year and it looks very promising. Insiders are only buying this stock from the IPO last May.

International Lithium: 78 Metre Pegmatite Intersection Returns High Grade Lithium Mavis Lake - Fairservice Lithium and Rare Project, Ontario 

"We have a very impressive results from International Lithium Corp. today. Mavis Lake drill program has delivered the best Lithium intersections with high LI grades in Canada for the 2011 season at least! Project is growing into very promising discovery and other REM are to be reported later. Now we can see what Ganfeng Lithium was looking for during their 9 months DD on this company. Drills are primed now for Mariana Lithium and Potash project in Argentina and we hope it is only the beginning of the good news for this promising company.

  Company is very tightly held with 10% stake by Ganfeng Lithium and insiders hold more than 50% of the company. Insiders were only buying from the moment of spin out this company last May."

International Lithium Corp. ("ILC") a "Clean Tech" lithium resource developer with a global portfolio of lithium assets. It is 29% owned by TNR Gold Corp (TNR:TSX).
International Lithium Corp. ("ILC") currently holds highly prospective projects in the most prolific areas of the world for lithium and rare metals. ILC has recently secured a strategic investor, Jiangxi Ganfeng Lithium Co Ltd, from China, with focus on advancing the core ILC projects.

International Lithium Corp. Presentation.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

International Lithium Enters Into Option Agreement On The Company'S Rare Metals Forgan Lake Project, Ont

Vancouver B.C.: International Lithium Corp. ("ILC" or the "Company") is pleased to announce the Company has entered into an option agreement dated December 21, 2011 (the "Agreement") with Metron Capital Corp. ("Metron"), a capital pool company ("CPC"), on the Company's 100% owned Forgan Lake property ("Property") located 125km northeast of Thunder Bay, Ontario.

Transaction Key Point Summary:

Metron can acquire an undivided 60% interest in the Property;

By incurring a total of $1,000,000 in exploration expenditures on the Property over four years;

By making cash payments to ILC totalling $300,000 by the third year anniversary; and

By providing share issuances to ILC totalling 600,000 shares by the third year anniversary.

Property Key Point Summary:

6 pegmatite dikes identified through exploration carried out by Lun-Echo Gold Mines in the 1950s;

4.23% Li2O over 7.5m in channel sample reported by Lun-Echo at Pegmatite No. 1;

2.57% Li2O over 4m in channel sample reported by ILC at Pegmatite No. 1;

Soil geochemistry reveals highly anomalous values in areas without previously identified targets; and

Project is drill ready.

Proposed Joint Venture Transaction

Under the terms of the Agreement, Metron can acquire an undivided 60% interest in the Property by incurring a total of $1,000,000 in exploration expenditures on the Property as follows: a minimum $350,000 in expenditures on the Property to be incurred by the first year following the date of execution of the Agreement, a minimum $200,000 in expenditures by the second year, a minimum $250,000 in expenditures by the third year, and a minimum $200,000 in expenditures by the fourth year. In addition, Metron must make $300,000 in aggregate cash payments to ILC of $25,000 on the date of Exchange acceptance ("Exchange Acceptance") of the Agreement, $50,000 on the anniversary of the first year following the date of execution of the Agreement, $75,000 on the second year and $150,000 on the third year as well as issue 600,000 shares of Metron in aggregate issuances to ILC of 50,000 shares on Exchange Acceptance, 100,000 shares by the anniversary of the first year following the date of execution of the Agreement, 150,000 shares by the second year following the date of execution of the Agreement and 300,000 shares by the third year following the date of execution of the Agreement.

Completion of any and all transactions contemplated by the Agreement is subject to, among other things, acceptance by the Exchange and all other necessary regulatory approvals.

Forgan Lake Property

The Forgan Lake Property, comprised of one 232 hectare claim block (16 units), is located 125 km northeast of Thunder Bay, Ontario. The Property is host to six known rare-metal pegmatites and is part of the Georgia Lake Pegmatite Field (GPF), an area witness to considerable lithium and other rare-metals exploration since its discovery in the mid-1950s. Of the six previously identified pegmatites, four known as the No. 1, No. 2, No.3 and No. 4 pegmatite, were explored on surface and subsequently drilled in 1955 by Lun-Echo. Channel sample results reported by Lun-Echo include: 2.57% Li2O over 6.4 metres, 4.23% Li2O over 7.5 metres and 1.98% Li2O over 7.6 metres from the No. 1 Pegmatite.

Recent exploration on the Property performed by the previous operator in 2009 and 2010 entailed the collection of 137 channel and grab samples from pegmatite surface exposures and 900 soil samples covering 27.7 kilometres of grid.

The channel samples confirmed grades and widths comparable to the ones reported by Lun Echo with significant values reported in five of the six known pegmatite bodies. The soil samples delineated anomalous patterns of beryllium, cesium, lithium, tantalum and tin with several highly anomalous zones located in areas of previously unidentified pegmatites (TNR Gold Corp., ILC's parent company through a plan of arrangement, news releases dated Oct. 5, 2009 and Jan. 18, 2011).

The primary objectives for the next proposed phase of exploration is to perform a preliminary drill program to confirm the historic lithium grades at depth, determine the rare metal potential and test the new targets identified on the Property.

John Harrop, P.Geo, is the company's Qualified Person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

ABOUT INTERNATIONAL LITHIUM CORP

International Lithium Corp. is an international rare metals mineral exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner, Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer, as a keystone investor.

ILC currently has 9 active rare metals projects, well balanced between lithium brines in Argentina and Nevada and hard-rock pegmatites in Canada and Ireland. The Company's primary focus is the Mariana lithium brine project, a salar or 'salt lake', covering an expansive 160 square kilometres and strategically encompassing the entire basin. Mariana is located in the renowned South American 'Lithium Belt' centred on the junction of Argentina, Bolivia and Chile that is host to the vast majority of global lithium resources, reserves and production. The Mariana lithium brine project ranks as one of the more prospective salars in the region.

Complementing the Company's lithium brine projects are the rare metals pegmatite properties. The key characteristics shared by the hard-rock rare metals projects are their limited past exploration, excellent accessibility, limited assaying for rare metals, clear potential for additional exploration to add project value and development potential to meet the global technological growth in demand for the rare metals suite of elements.

International Lithium Corp.'s mandate is to increase shareholder value through aggressive advancement of its core projects and to source joint venture partners to expand the scope and diversify risk of its exploration effort.

On behalf of the Board,

Mike Sieb

President -- International Lithium Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements."

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