NINE Acquires Additional Claims
CSE: NINE OTCQB: VMSXF FSE: KQ9
Suite 350 – 1650 West 2nd Avenue, Vancouver, BC, V6J 1H4 (T) 604.428.5171
www.ninemilemetals.com
NINE MILE METALS TO ACQUIRE AN ADDITIONAL 10.78 SQ KMS OF
STRATEGIC CLAIMS ADJACENT TO ITS CALIFORNIA LAKE AND
NINE MILE BROOK VMS PROJECTS
VANCOUVER, B.C. Thursday , September 7, 2023 - NINE MILE METALS LTD. ( CSE: NINE,
OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the Company
entered into an agreement dated August 31, 2023, with Prospect Or Corp, (the “Agreement”) to acquire
an additional 10.78 square kms, 49 claim units (the “New Claims”) adjacent to its California Lake and Nine
Mile Brook VMS Project s, in Bathurst Mining Camp, New Brunswick (“BMC”). This acquisition solidifies
complete targeted trends identified last season and allows Nine Mile to launch complete exploration
programs on these priority targets.
CSE: NINE OTCQB: VMSXF FSE: KQ9
Suite 350 – 1650 West 2nd Avenue, Vancouver, BC, V6J 1H4 (T) 604.428.5171
www.ninemilemetals.com
Patrick J Cruickshank, CEO & Director stated, “We are pleased to announce this strategic acquisition of
priority claims in our regional portfolio within this highly prospective area in the BMC . The acquisition
cements our holdings around the California- Wedge Projects and most importantly, we now hold the
entire mineralized trend encompassing the VMS drilling last year at the California Lak e Project. As
previously announced, we drilled (8) drill holes with VMS mineralization present over 10 m to 14m
widths. We now can proceed to explore the entire trend and the source target identified with our
technology due south of last years drilling culminating in a target on the Wedge Project and these newly
acquired claims. These new properties increase our footprint in the Nine Mile Synform directly south of
our Nine Mile Brook Project and adjacent on the western boundary of our acquisition last ye ar of the
Windfall claims. Our leading-edge technologies have identified high priority trends and specific targets
that we now own 100% allowing us to address the entire geophysical trend. We look forward to future
announcements on these (2) wholly owned target areas in our expanding portfolio in the BMC.”
Pursuant to the Agreement, the Company intends to acquire the New Claims for 300,000 common shares
of the Company, which will have a four month hold legend. In addition, there is a 2.0% net smelter royalty
(“NSR”) on the New Claims derived from metallic mineral production. The Company has the right to
purchase the 50% of the 2% NSR from the vendors for $1,000,000 at any time prior to commencement of
commercial production. The vendor is at arm’s length f rom the Company. Completion of the acquisition
will take place on September 14, 2023.
The disclosure of technical information in this news release has been prepared in accordance with
Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for
Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director, who
acts as the Company’s Qualified Person, and is not independent of the Company.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration comp any focused on Critical Minerals
Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world -famous Bathurst Mining Camp,
New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects:
Nine Mile Brook VMS; C alifornia Lake VMS; Canoe Landing Lake (East –West) VMS and the new Wedge
VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom
in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.
Social Media
@NineMileMetals
Nine Mile Metals
@ Nine Mile Metals
CSE: NINE OTCQB: VMSXF FSE: KQ9
Suite 350 – 1650 West 2nd Avenue, Vancouver, BC, V6J 1H4 (T) 604.428.5171
www.ninemilemetals.com
Nine Mile Metals
@ninemilemetals
ON BEHALF OF NINE MILE METALS LTD.
“Patrick J. Cruickshank, MBA”
CEO and Director
T: 506-804-6117
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the
business of Nine Mile. Forward -looking information is based on certain key expectations and assumptions made by the
management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,”
“would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,”
“could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward -
looking statements in this press release include that (a) completion of the acquisition will take place on September 14, 2023, (b)
the Company intends to acquire the New Claims for 300,000 common shares, and (c) we look forward to future announcements
on these two wholly owned target areas in our expanding portfolio in the BMC. Although Nine Mile believes that the expectations
and assumptions on which such forward- looking information is based are reasonable, undue reliance should not be placed on
the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy
of the contents of this release.