Resolve Ventures Inc. Announces Exchange Approval of Property Option Agreement
830 -1100 Melville Street, Vancouver, BC, V6E 4A6
Telephone: (604) 644-6794
For Immediate Release
PRESS RELEASE June 30, 2021
Symbol: TSX-V: RSV
Resolve Ventures Inc. Announces Exchange Approval of
Property Option Agreement
Vancouver, British Columbia, June 30, 2021 – Resolve Ventures Inc. ("Resolve" or the
"Company") (TSX.V: RSV) is pleased to announce that the TSX Venture stock exchange has
approved, and Resolve has begun taking steps to earn a 100% interest in the combined 10,050.4 Ha
contiguous Gravity Property and the Jack White Property (collectively the "Gravity Jack Property")
pursuant to an option agreement dated March 24, 2021 (the “Option Agreement”) with Island Time
Exploration Ltd, Calderan Ventures Ltd., and Raymond Wladichuk (collectively the "Vendors"). The
Gravity Jack Property is located in the New Westminster Mining Division, near Boston Bar British
Columbia, Canada.
Under the terms of the Option Agreement, Resolve has issued an aggregate of 1,600,000 common shares
in the capital of the Company (each, a “Share”) to the Vendors at a deemed price of $0.075 per Share.
These shares are subject to a statutory hold period of 4 months and 1 day from the date of issuance.
In order to finish earning the Option, RSV must (i) complete a National Instrument 43-101 compliant
technical report on the Gravity Jack Property, (ii) incur exploration expenditures of $200,000 on or
before August 21, 2021, (iii) issue an additional 500,000 Shares to Island Time Exploration Ltd. and
incur an additional $500,000 of exploration expenditures on or before March 24, 2022, (iv) issue an
additional 1,000,000 Shares to Island Time Exploration Ltd. and incur an additional $750,000 of
exploration expenditures on or before March 24, 2023, and (v) issue an additional 1,000,000 Shares to
Island Time Exploration Ltd. and incur an additional $1,000,000 of exploration expenditures on or before
March 24, 2024. Once the Option is earned, RSV has agreed to grant a 2% net smelter return royalty to
each of Island Time Exploration Ltd. and Raymond Wladichuk (for an aggregate NSR of 4%).
For more information on the Gravity Jack Property, please see the Company’s new release filed on
SEDAR dated March 24, 2021.
About the Gravity Jack Property
Gravity Jack Property is located in the New Westminster Mining Division, and is approximately 13km
northeast of Boston Bar, British Columbia, Canada. The property surface area totals 10,050.4 hectares
(Ha). The property is prospective for Scandium, Copper, Gold, Silver, and Tungsten. Historically,
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minimal work has been done on the property with the exception of high -grade mineral occurrences
reported in the 1960’s.
About the Company
Resolve is a Vancouver based publicly listed exploration company trading on the TSXV. The Company
is led by a highly skilled management and technical team with numerous previous successes in the junior
mining sector.
For further information on the Company, visit www.resolveventures.com or call (604) 644-6794.
Qualified Persons
Mr. R. Tim Henneberry, P.Geo., a member of the Company’s Advisory Board and registered in the
Provinces of British Columbia is the "Qualified Person" under National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("NI 43-101") and is responsible for the technical contents of this news
release and has approved the disclosure of the technical information contained herein
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive H. Massey”
President & CEO
Office (604) 341-6870
Neither the TSX Venture Exchange nor their 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.
Forward-Looking Statements:
Certain statements included in this news release are forward-looking statements. These statements reflect
management's current estimates, beliefs, intentions, and expectations and they are based on assumptions; they are
not guarantees of future performance. Forward-looking statements in this news release include statements that
reflect the Company’s expectation that it will take the steps to earn the Option on the Gravity Jack Property. The
Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may
be affected by a number of material factors, many of which are beyond the Company’s control. Such factors
include, among other things: risks and uncertainties relating to the Company's ability to earn the Option, including
the Company’s ability to raise capital in order to incur exploration expenditures; and other risks and uncertainties,
including those described in the Company’s filings on SEDAR.com. Accordingly, actual and future events,
conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or
implied in the forward-looking information. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise forward-looking information.
NONE OF THE SECURITIES REFERRED TO HEREIN HAVE BEEN OR WILL BE REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE
UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND ANY APPLICABLE STATE LAWS.