Azarga Metals Completes 100% Consolidation of Unkur Project
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE
19 MARCH 2018 TSX-V: AZR
AZARGA METALS COMPLETES 100% CONSOLIDATION OF UNKUR PROJECT
AZARGA METALS CORP. ("Azarga Metals" or the “ Company”) (TSX-V:AZR) reports
that it has now closed the acquisition of an additional 40% interest in the Unkur Copper -
Silver Project , taking its ownership interest from 60% to 100% (the “ Unkur Project
Consolidation”).
On completion of the Unkur Project Consolidation, Azarga Metals will have issued
42,000,000 common shares at a deemed price of C$0.15 (“Consideration Shares”) to
the vendors of the indirect 40% interest. On March 16, 2018, the Company issued
36,750,000 of the Consideration Shares and will issue the remai ning 5,250,000
Consideration Shares upon the receipt of the TSX Venture Exchange’s clearance of a
personal information form for one of the vendors who will become a greater than 10%
shareholder upon issuance of the remaining shares.
UPDATE ON UNKUR PROJECT ACTIVITIES
Azarga Metals has engaged Tetra Tech Mining and Minerals (“Tetra Tech”) to complete
a NI 43-101 compliant Preliminary Economic Assessment (“ PEA”) for Unkur. A ‘kick -off’
meeting was held with Tetra Tech in Swindon, UK two weeks ago and Tetra Tech is
commencing the process of familiarizing themselves with the Company’s relevant data.
The PEA works remain on-track to be completed in mid-2018.
UPDATE ON ADDITIONAL COPPER -SILVER GROWTH OPPORTUNITIES IN
CHARA-ALDAN AREA, RUSSIA
Since execution of the exclusive Memorandum of Understanding (“MOU”) for cooperation
with certain parties with respect to additional growth opportunities pertaining to copper
and silver rich sediment -hosted projects in the broader Chara -Aldan area of eastern
Russia in January 2018, the Company has commenced review of a number of potential
target acquisitions. The initial focus is for prospects that are complimentary to Azarga
Metals’ Unkur Copper -Silver Project located in the same region. Data continues to be
exchanged between the MOU parties and visits to certain prospective acquisitions sites
are being planned.
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About Azarga Metals Corp.
Azarga Metals is a mineral exploration and development company that owns 100% of the
Unkur Copper-Silver Project in the Zabaikalsky administrative region of eastern Russia.
AZARGA METALS CORP.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
For further information please contact: Doris Meyer, at +1 604 536-2711 ext 6, or visit
www.azargametals.com.
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.
Cautionary Statement:
This news release contains forward -looking statements that are based on the Company’s current
expectations and estimates. Forward -looking statements are frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that could cause actual events or results
to differ materially from estimated or anticipated events or results implied or expressed in such forward -
looking statements. Such factors include, among others: the actual results of current planned exploration
activities; conclusions of ec onomic evaluations; changes in project parameters as plans to continue to be
refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or finan cing; and fluctuations in metal prices .
There may be other factors that cause actions, events or results not to be as anticipated, estimated or
intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events or results or otherwise.
Forward-looking statements are not guarantees of fut ure performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty therein.