Kamativi Project Ni 43-101 Report Clarification
1015 - 789 West Pender Street, Vancouver, BC. V6H 1H2
(604) 674-3145
CAT STRATEGIC METALS CORPORATION
NEWS RELEASE
KAMATIVI PROJECT NI 43-101 REPORT CLARIFICATION
Vancouver, B.C.: April 23, 2020 – CAT Strategic Metals Corporation (CSE- CAT) (“CAT” or the
“Company”) announces clarification of its National Instrument 43-101 – Standards of Disclosure for
Mineral Projects (“NI 43-101”) report on its Kamativi project located in Zimbabwe as a result of a
technical disclosure review by the British Columbia Securities Commission (“BCSC”).
The Company commissioned a NI 43-101 report on the Kamativi project located in Zimbabwe which
was prepared by The MSA Group (Pty) Ltd. based in South Africa and filed on SEDAR in November
2018 (“NI 43-101 Report”). See press release issued by the Company on November 7th 2018.
The NI 43-101 Report dated November 5, 2018 gives a comprehensive overview of the Kamativi
project. The report also gives an indicated resource estimate totalling 26.32 million Tonnes grading
0.58% Li2O. This estimate is still current, valid, and used by the Company.
In its Spring / Summer 2019 power point corporate presentation titled “An Emerging Lithium
Producer”, the Company referred to the Kamativi project as a Low Cost Deposit (OPEX) and a Low
Capital Cost (CAPEX). The presentation also refers to a feasibility study due by Q2 – 2019.
The Company advises that this disclosure is not supported by the NI 43-101 report and no feasibility
study has been completed to this day, thus the aforesaid corporate presentation should not be relied
on by the public. Investors should instead only rely on the information previously disclosed in the
above-mentioned NI 43-101 Report.
Furthermore, the Company has removed and is currently reviewing all investor relations materials,
fact sheet and corporate presentation documents posted on its website or disseminated by the
Company which information will be updated in compliance with NI 43-101 and corroborated by the
NI 43-101 report on the Kamativi project.
Alain Moreau, P. Geo., is an independent Qualified Person as defined by NI 43 -101 and has
approved the scientific and technical disclosure in this press release.
ON BEHALF OF THE BOARD
Robert Rosner
Chairman, President & CEO
Further information regarding the Company can be found on SEDAR at www.SEDAR.com, or by
contacting the Company directly at (604) 674-3145.
This news release may contain forward–looking statements. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements. Particular risks applicable to this press
release include risks associated with planned production, including the ability of the company to achieve its
targeted production outline due to regulatory, technical or economic factors. In addition, there are risks
associated with estimates of resources, and there is no guarantee that a resource will have demonstrated
1015 - 789 West Pender Street, Vancouver, BC. V6H 1H2
(604) 674-3145
economic viability as necessary to be classified as a reserve. There is no guarantee that additional
exploration work will result in significant increases to resource estimates
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies
of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
We seek safe harbour