JNC Signs Definitive Asset Purchase Agreement with Aussie Precious Metals Corp.
NEWS RELEASE
JNC SIGNS DEFINITIVE ASSET PURCHASE AGREEMENT WITH AUSSIE
PRECIOUS METALS CORP.
VANCOUVER, BC, July 26, 2021– JNC Resources Inc. (CSE : JNC) (OTC : JNCCF) (Frankfurt
: 5VH) ("JNC" or the "Company") is pleased to announce that , further to its June 15, 2021 press
release, the Company has signed a definitive Asset Purchase Agreement (“APA”) with Aussie
Precious Metals Corporation (“APMC”). The acquisition of APMC’s Trilby and Lorne properties
(“Properties”) further consolidates JNC’s position as a high-potential precious metals exploration
company with a dominant land position and defined focus in New South Wales, Australia.
Pursuant to the July 8, 2021 press release, JNC will carry out a two -for-one consolidation
(“Consolidation”) of its issued and outstanding shares. The APA provides that JNC will issue four
million ( 4,000,000) post -Consolidation common shares (“Shares”) to APMC on clos ing
(“Closing”) with seventy -five percent (75%) of the Shares subject to “lock -up” provisions.
Additionally, a cash consideration in the amount of C$25,000 will be paid by the Company to
APMC at the latter of the closing of the acquisition or the closing o f the C$5M financing as
previously announced on July 8, 2021.
The Properties are located on the Peel-Manning Fault system that is prolifically gold mineralized
on its 350km strike length . The geology is highly prospective for the immensely attractive
listwanite associated gold deposits. Given the high potential of this underexplored yet highly
prospective regional fault system, Newmont Gold recently staked a 1,200km2 land package 30km
east of the Peel Manning Fault Zone. With the acquisition of Trilby and Lorne, the Company will
be able to complement its Gold Belt property which is also located on the same fault. The three
properties will command a large scale land position of 422 km2 which includes 48 historic gold
mines and prospects with an average historical production grade of up to 83g/t Au.
“The Peel Manning Fault zone and the surrounding area is obviously high ly prospective for gold
and Newmont’s recent staking in the area fu rther demonstrates such prospect ” stated CEO,
Michael Mulberry. “JNC is very pleased with the acquisition of the Trilby and Lorne properties
which provides the Company with a significant land position in an area with high potential for
mineralization and complements the Gold Belt property, further south on the fault.
About JNC Resources Inc.
JNC is a Canada-based junior venture mineral exploration company which is uniquely positoned
to be a dominant player in New South Wales, Australia (NSW) through a growth strategy focused
on the consolida tion and explora tion of highly mineralized precious metals proper ties in this
prolific region of Australia. Through its acquisi tion of Southern P recious Metals Ltd, RooGold
Ltd and Aussie Precious Metals Corp proper ties, it will command a por tfolio of 13 high -grade
potential gold (9) and silver (4) concessions covering 1,380 km2 and that is home to 137 historic
mines and prospects.
For further information please contact:
Michael Mulberry
T: 778-855-5001
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking
statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and
other similar words, or statements that certain events or conditions “may” or “will” occur.
Although the Company believes that the expectations reflected in applicable forward-looking statements are reasonable, there can
be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and
uncertainties that may cause actual results, performance or developments to differ materially from those contained in such
statements.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.