Green Swan Expands Portfolio
GSW: TSX-V
GREEN SWAN EXPANDS PORTFOLIO
Burlington, ON. February 21, 2017. Green Swan Capital Corp. (TSXV:GSW) has added to its
portfolio of low cost, highly prospective mining assets in high quality mining jurisdictions. This
acquisition consists of 33 mining claim units cont ained with 4 claim blocks in Otto Township,
Larder Lake Mining Division, in Ontario (the “Otto Assets”).
The Otto Assets lie roughly eight kilometres so uthwest of Kirkland Lake and proximate to the
former producing Swastika Mine, Ontario's firs t producing gold mine (1907). Infrastructure is
readily available. The Otto Assets can be directly accessed off th e TransCanada Highway
through the town of Swastika.
Said Green Swan's CEO Peter M. Clausi, “Our team took an undervalued forgotten cobalt/gold
asset in Sudbury and created a great real sharehol der value from it. We intend to do the same
with the Otto Assets.”
The most recent work on the Otto Assets was a soil geochemistry report in 2012. Gold,
palladium, copper, zinc, nickel a nd lead values were re turned. Page 11 of th e report concluded;
“Further prospecting and geochemical surveys to the northeast and a further extension along
trend may be warranted. It appears that averag e background levels increased to the east, and
several anomalies occurred at the north east boundary of the sampling area.” ( MNDM Report,
Soil Geochemistry and Prospecting on Claim Numbers: 4246905, 4250913, 4251194; Otto
Township; Larder Lake Mining Division. L.Currah, 2012.)
Green Swan has not performed any work on the O tto Assets, which have been explored by third
parties since 1975. Historic work has included prospecting, line cutting, limited diamond drilling,
VLF and magnetic surveys, mapping, trenching and soil sampling. Some but not all of the results
from third party work are available to Green Sw an. Green Swan cannot speak to the accuracy or
thoroughness of historic work without further research and analysis.
Green Swan purchased the Otto Assets from an arm's lengt h prior owner who encountered
challenges advancing exploration on them. One of the difficulties was an inability to enter into
economic exploration agreements with local co mmunities including First Nations. That prior
owner had applied for a permit to drill from 11 to 20 pads, conduct mechanical excavation, and
carry out other mining-related act ivities, which permit has been stalled for some time in the
Ontario Ministry of Northern Development and Mining. The Otto Assets are on “Special Status”
pending the resolution of the permit applicatio n, but in Green Swan's opinion it was highly
unlikely the former owner would have been able to successfully advance its permit.
Green Swan's management has much experience in dealing with the Ontario permitting process,
and believes it can successfully advance the permit process with local communities, First Nations
and MNDM. Green Swan is unable to state how l ong this process will ta ke or what resources
will be needed. However, as with its Sudbury c obalt-gold asset, Green Swan has demonstrated
an ability to source and acquire lower visibility mining assets that can generate significant
shareholder value.
The consideration for the acquisition is the granting of a 10-year Net Smelter Returns Royalty, at
3% for the first 200,000 ounces of gold and 2% th ereafter. During the term of the Net Smelter
Returns Royalty, if Green Swan files a NI43-101 compliant resour ce estimate of at least one
million ounces of gold grading at least 2 grams of gold per tonne, Green Swan will at that time
immediately owe the vendor a one-time payment of USD$250,000.
This acquisition is an Exempt Transaction and stock exchange approval was not required.
Green Swan intends to continue acquiring highly prospective assets in good mining jurisdictions,
and is focusing on cobalt acquisitions.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian minera l exploration company w ith a proven leadership
team. Green Swan is well-poised to further deliver real value to its shareholders.
On Behalf of the Board of Directors
GREEN SWAN CAPITAL CORP.
“Peter M. Clausi”
Peter M. Clausi
CEO and Director
For Further Information:
Peter M. Clausi
1 905-681-1925
Neither 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.