Newpoint Exploration Provides Update on Cobalt Property
newpointexploration. com CSE: NP / OTC: NPEZF / FSE: 4NP
NEWS RELEASE
NEWPOINT EXPLORATION PROVIDES UPDATE ON COBALT PROPERTY
VANCOUVER—February 11, 2019— New Point Exploration Corp. (CSE: NP / OTC: NPEZF / FSE: 4NP) (“New Point” or the “Company”) offers a corporate update on the mineral assets known as the Mid- Corner Cobalt Project (the “Property”), located on the Avalon Peninsula on the north side of Chance Cove Brook, about 60 kilometres south from St. John’s along Route 10, in the province of Newfoundland and Labrador. New Point entered into an option agreement with a private arm’s-length vendor, whereby the Company was granted the exclusive right and option to acquire a 100-per-cent interest in the Property, subject to an existing 2-per-cent net smelter royalty on the Property. New Point has the option to acquire 100% interest in three licences which comprise the Property (15 mineral claims).
At this time, based on a mineral assessment and reassessment of corporate direction, New Point has decided not to proceed with the exploration of the Property. Instead, New Point will focus on its core competencies and exploration objectives designed to improve shareholder valuation.
About New Point Exploration Corp.
New Point (CSE: NP / OTC: NPEZF / FSE: 4NP) is engaged in the business of acquiring, exploring and developing mineral properties related to the growing battery industry. Focused on high grade, prospective properties in North America, New Point is building a portfolio that includes lithium, cobalt and copper projects in prospective, mining-friendly jurisdictions. New Point, A Next Generation Metals Company.
On Behalf of the Board of New Point Exploration Corp.
“David Greenway”
Chief Financial Officer
Corporate Office 310-221 West Esplanade North Vancouver, BC V7M 3J3
For further information, please contact:
E: [email protected] P: (604) 318-0114
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties, which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.
Suite 310 – 221 West Esplanade, North Vancouver, BC, V7M 3J3