Baker Steel Transaction Update
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE
29 March 2019 TSX-V: AZR
BAKER STEEL TRANSACTION UPDATE
AZARGA METALS CORP. ("Azarga Metals " or the “ Company”) (TSX-V:AZR) makes this
announcement regarding the proposed Convertible Loan transaction governed by the Binding
Terms S heet with Baker Steel Capital Managers LLP (“ BSCM”) acting on behalf of its
discretionary client funds, principally Baker Steel Resources Trust Ltd. (LSE:BSRT) as
announced by the Company on 14 February 2019 (the “Investment Transaction”).
BSCM has substantially completed its confirmatory due diligence . However, the parties are still
finalizing the definitive documentation and the TSX Venture Exchange review of such
documentation.
In light of the above, Azarga Metals has agreed to extend the period to complete the Investment
Transaction (ie, the Drop Dead Date) by 12 days until 12 April 2019.
*****
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 in 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, visit
www.azargametals.com, or follow us on Twitter @AzargaMetals.
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.
Page 2
Cautionary Statement:
This news release contains forward -looking statements that are based on the Corporation's current
expectations and estimates. Forward -looking statements are frequently characterized by words such as
"plan", "ex pect", "p roject", "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, uncertain ties 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 economic evaluations; changes in project parameters as
plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labor
disputes and other risks of the mining industry; de lays in o btaining governmental approvals or financing;
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 d ate on which
it is made and, except as may be required by applicable securities laws, the Corporation 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 future
performance and accordingly undue reliance should not be put on such statements due to the inherent
uncertainty therein.