Nickel Rock Resources Amends Terms of Acquisition
Nickel Rock Resources Amends Terms of Acquisition
March 19, 2021: Vancouver, BC, Canada; Nickel Rock Resources Inc. (“the Company”) TSXV: NICL,
OTCQB: NICKLF announces that further to the Company’s news release dated February 2, 2021 and
Option Agreement entered into with 802213 AB Ltd. for the purchase of a 100% interest, subject to
a 2% NSR, in 6 mineral claims, covering 22.6 sq.km, located approximately 15 km west of Mt Sydney
Williams and the Decar Nickel deposit of FPX Nickel (V.FPX), near Fort St James, BC, the Company has
amended the terms of the Option Agreement with respect to the share issuances.
The share issuances have now been amended so that 450,000 shares will be issued upon TSX Venture
Exchange (“Exchange”) acceptance to the Transaction. 450,000 shares will be issued on the 1 st
anniversary of Exchange approval; 500,000 shares will be issued on the 2nd anniversary of Exchange
approval; 600,000 shares will be issued on the 3 rd anniversary of Exchange approval; 1,000,000
shares will be issued on the 4th anniversary of Exchange approval and 3,000,000 will be issued upon
conversion of the claims to a mining lease. All other terms of the Option Agreement remain the same.
The Agreement is subject to Exchange approval and all securities issued in connection with
transaction will be subject to a four month and a day hold period in accordance with applicable
securities laws.
The Company also announces that Konstantin Lichtenwald has been appointed as Chief Financial
Officer in place of Tak Tsan (Simon) Tso, effective today.
Mr. Lichtenwald specializes in providing corporate finance, valuation, taxation, financial reporting,
consulting and other accounting services to both small businesses as well as public commodity
resource companies. He also assists in many aspects of clients' administration, financing and other
activities. Mr. Lichtenwald also worked at Ernst & Young GmbH, Germany, in the assurance
department. He earned his Bachelor of Business Administration from Pforzheim University,
Germany, and holds the professional designation of chartered professional accountant (CPA, CGA),
and he is a member of Chartered Professional Accountants of British Columbia and Canada. Mr.
Lichtenwald has had extensive experience as a controller and CFO of numerous publicly traded and
private corporations in several industries.
The board thanks Simon Tso for his contributions to the Company
About Nickel Rock Resources Inc. www.nickelrockresources.com
Nickel Rock Resources Inc is a Canadian-based mineral exploration company with a highly focused
effort on exploration for high value battery metals required for the electric vehicle (EV) market. The
Company recently announced several acquisitions resulting in a significant property package
prospective for awaruite, a naturally occurring nickel-iron alloy important in the manufacture of
environmentally efficient batteries for the electric vehicle markets globally.
Nickel Rock Resources Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
604- 428-5690
www.nickelrockresources.com
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Nickel Projects
The Mount Sidney Williams Group consists of five claim blocks in four groups with a total area of
7,525.32 .32 hectares (18,595 acres) in the area surrounding Mount Sidney Williams, both adjoining
and in close proximity to the Decar project of FPX Nickel Corp. (TSXV:FPX), located 100 kilometres
northwest of Fort St. James, B.C., in the Omineca Mining Division. Metallic mineralization includes
nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite.
The Mitchell Range Group area claim consist of two contiguous claim blocks covering 3,134.70
hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel-
cobalt mineralization has not been well explored, but the presence of awaruite has been
documented. The Company is planning detailed exploration for the upcoming exploration season.
The acquisition of the Hard Nickel Group and the Nickel 100 claims are subject to TSX Venture
Exchange approval.
Lithium Projects
The Clayton Valley Project is an early-stage lithium brine prospect in Esmeralda County, Nevada. A
total of 118 claims covering about 930 ha (2,300 acres) were staked over the western side of the
Clayton Valley playa. The property position covers an inferred graben bounded by the Silver Peak
range front on the west and Goat Island on the east. The exploration concept is the graben is a sub-
basin of the larger Clayton Valley basin and may represent a secondary trap for lithium brines within
the greater system.
On Behalf of the Board of Directors
“Robert Setter”
Robert Setter, President & CEO
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. This news release
may contain forward-looking statements which include, but are not limited to, comments that involve future
events and conditions, which are subject to various risks and uncertainties. Except for statements of historical
facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking
statements are not guarantees of future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause actual results to vary materially from
forward-looking statements.