Suite 605 –1166 Alberni Street
Vancouver, BC, V6E 3Z3 P: (604) 638-0971 F: (604) 638-0973 Email: [email protected] Web: www.canadacarbon.com CANADA CARBON SECURES SURFACE ACCESS RIGHTS FOR ITS MILLER HYDROTHERMAL LUMP-VEIN GRAPHITE PROPERTY
September 5 th 2013, Vancouver. BC – Canada Carbon Inc. (the “Com pany”) (TSX-V: CCB) is pleased to announce that it has entered into a surface access agreement (the “ Agreement ”) with two landholders who are affiliated with each other (collectively, the “ Landholder ”) in respect to its Miller Hydrothermal Lump-Vein Graphite Property (“ Miller”). The Agreement provides the Company with surfac e access for an initial period of five years (the “ Term ”) and allows the Company to carry out regular grap hite prospecting and exploration programs including, but not limited to, conducting topographic, geological, geochemical and geophysical surveys, conducting underground or surface excavations, expl orations and drillings, digging and trenching, and obtaining and testing geochemical or metallurgic samples.
R. Bruce Duncan, CEO of Canada Carbon stated, “We a re very pleased to have secured this surface access agreement which we believe is advantageous to all s takeholders and will form the basis for the continu ed development of the Miller Property. Canada Carbon i s now in a position to carry out more extensive exp loration activity at Miller. We anticipate upcoming results from our recently completed VTEM airborne survey as well as assay results from our diamond drill program. When combining the exceptional graphite purity test resu lts with a favorable logistical location we feel there is significant potential for Miller Graphite project.”
The Agreement grants the Company an exclusive and i rrevocable option to acquire or lease all or part o f the Property from the Landholder reasonably necessary f or the extraction of mineral substances (the “ Option ”). If the Company exercises the Option, either by acquiri ng or leasing all or part of the Property prior to the expiry of the Term, the Term will be extended through the period of Commercial Production.
Logistical Benefits of the Miller Graphite Mine
- The Miller property covers 20.7 km 2 and is located 80 km west of Montreal
- Main roads are located 1 km from the work area and connect by a gravel road to the deposit
- Highway 50 is 4 km from the property and a rail line is 500 meters south of the highway
- A power line crosses the property 500 metres south of the historical Miller graphite mine
- River water can be accessed 250 metres southeast of the property
- Private land reduces timely administrative processes needed to obtain government authorization
- Mobilization time and costs are greatly reduced due to close proximity of local expertise
A carbon sciences company
Pursuant to the Agreement, and subject to the prior approval of the TSX Ventur e Exchange, agreed to issue 40,000 common shares the first year of the Term, and for each subsequent year of the Term and until the Company begins Property as a mine (not including milling for the p urposes of testing by Production ”), either 40,000 additional Common Shares, or $5,000 p ayable in cash, at the option of the Landholder. Should Canada Carbon begin will cease and the Landholder will be entitled to definitive royalty agreements.
On Behalf of the Board of Directors
CANADA CARBON INC.
“R. Bruce Duncan” CEO and Director
Contact Information
E-mail inquiries: [email protected]
P: (604) 638-0971
“Neither TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the pol icies of the TSX Ventur accepts responsibility for the adequacy or accuracy of this release.”
FORWARD LOOKING STATEMENTS: This news release contains forward performance and reflect management’s current expect ations and assumptions.
current beliefs and are based on assumptions made b y and information currently available to the Compan y. Investors are cautio these forward looking statements are neither promis es nor guarantees, and results to differ materially from those expected. T hese forward under applicable securities legislation, the Compan y does circumstances. All of the forward- looking statements made in this press release are q ualified by these cautionary statements and by thos e made in our filings with SEDAR in Canada (available at 15338985.2 and subject to the prior approval of the TSX Ventur e Exchange, in the capital of the Company (“ Common Shares ”) to the Landholder for the first year of the Term, and for each subsequent year of the Term and until the Company begins Property as a mine (not including milling for the p urposes of testing by a pilot plant) (“either 40,000 additional Common Shares, or $5,000 p ayable in cash, at the option of the Should Canada Carbon begin Commercial Production during the Term, the payments outlined above be entitled to a 2.5% net smelter royalty upon and subject
[email protected] “Neither TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the pol icies of the TSX Ventur adequacy or accuracy of this release.”
This news release contains forward -looking statements, which relate to future events o r future performance and reflect management’s current expect ations and assumptions. Such forward- looking statements reflect management’s current beliefs and are based on assumptions made b y and information currently available to the Compan y. Investors are cautio these forward looking statements are neither promis es nor guarantees, and are subject to risks and uncertainties that may cau se future results to differ materially from those expected. T hese forward -looking statements are made as of the date hereof a nd, except as required under applicable securities legislation, the Compan y does not assume any obligation to update or revise them to reflect new events or looking statements made in this press release are q ualified by these cautionary statements and by thos e (available at www.sedar.com ).
and subject to the prior approval of the TSX Ventur e Exchange, the Company has”) to the Landholder for the first year of the Term, and for each subsequent year of the Term and until the Company begins operating the a pilot plant) (“ Commercial either 40,000 additional Common Shares, or $5,000 p ayable in cash, at the option of the during the Term, the payments outlined above royalty upon and subject to the terms of “Neither TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the pol icies of the TSX Ventur e Exchange) looking statements, which relate to future events o r future looking statements reflect management’s current beliefs and are based on assumptions made b y and information currently available to the Compan y. Investors are cautio ned that are subject to risks and uncertainties that may cau se future looking statements are made as of the date hereof a nd, except as required not assume any obligation to update or revise them to reflect new events or looking statements made in this press release are q ualified by these cautionary statements and by thos e