Carmax Announces Update ON Judicial Review of the Eaglehead Project
1
142 – 1146 Pacific Blvd.,
Vancouver, British Columbia V6Z 2X7 Canada
Telephone: (604) 620-7737
www.carmaxmining.com
NEWS RELEASE
TSX-V: CXM August 23, 2017
CARMAX ANNOUNCES UPDATE ON JUDICIAL REVIEW
OF THE EAGLEHEAD PROJECT
August 23, 2017 Vancouver, British Columbia – Carmax Mining Corp. (the “Company”)
(TSX-V: CXM) is pleased to announce that Carmax’s title to the Eaglehead claims is no longer
in dispute. The petitioners who had challenged the Company’s title have not filed a Notice of
Appeal regarding the decision delivered by Mr. Justice Schultes on July 17, 2017, within the
time permitted by court rules.
The delay in issuing the court decision (see news releases dated April 5, 2017 & May 10, 2017)
has resulted in Carmax losing the 2017 field exploration season. However, Carmax expects to
initiate further field exploration in 2018. During the offseason, the Company intends to update
the NI 43-101 Technical Report (filed in 2012) to include results received from programs that
were completed following the initial preparation of the report, as well to reflect changes in metals
markets and economic conditions. Once completed, the report will be filed as required by
securities regulations.
About Carmax
Carmax is a Canadian company engaged in exploration for porphyry copper-gold-molybdenum
deposits in northwestern British Columbia.
For further information, please visit the website at www.carmaxmining.com to view the
Company’s profile or contact Jevin Werbes at 604-620-7737.
“Jevin Werbes”
_____________________________
Jevin Werbes, President
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 does not constitute an offer to sell or a solicitation of an offer to sell any of the securities
described herein in the United States. The securities described in this news release have not been and will
not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption from such
2
registration is available. This news release is not for distribution in the United States or over United States
newswires.
Cautionary Statement on Forward Looking Statement
Certain information contained in this news release, including information as to our strategy, projects, plans or future
financial or operating performance and other statements that express management’s expectations or estimates of
future performance, constitute “forward looking statements”. Actual results may differ materially from those indicated
by such statements. All statements, other than historical fact, included herein, are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from those anticipated in such statements. Forward-
looking information in this news release includes, but is not limited to, statements about the continued process and
positions that will be taken when the Supreme Court of British Columbia proceedings are heard.
In connection with the forward-looking information contained in this news release, Carmax has made numerous
assumptions. While Carmax considers these assumptions to be reasonable, these assumptions are inherently
subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which
could cause Carmax’s actual results, performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking information contained herein.
A more complete discussion of the risks and uncertainties facing Carmax is disclosed in Carmax's continuous
disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information
herein is qualified in its entirety by this cautionary statement, and Carmax disclaims any obligation to revise or update
any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking
information contained herein to reflect future results, events or developments, except as required by law.