Emgold to Acquire the Mindora GOLD and Base Metal Property, Nv with Historic Near Surface Drill Results Including 105 Feet (32 Meters) of 0.098 Opt (3.36 Gpt) GOLD Equivalent
EMGOLD MINING CORPORATION
Suite 1015 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
May 21, 2019 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt Exchange : EMLN
EMGOLD TO ACQUIRE THE
MINDORA GOLD AND BASE METAL PROPERTY, NV
WITH HISTORIC NEAR SURFACE DRILL RESULTS INCLUDING 105
FEET (32 METERS) OF 0.098 OPT (3.36 GPT) GOLD EQUIVALENT
Vancouver, British Columbia - Emgold Mining Corporation (TSXV: EMR) (“Emgold” or the
“Company”) announces it has signed a Letter of Intent with Nevada Sunrise LLC, a private Nevada
company, giving it the right to purchase 12 unpatented mining (the “ NS Claims”). The Company has
also signed a second Letter of Intent with BL Exploration LLC, a second private Nevada company, giving
it the right to purchase 18 unpatented mining claims (the “ BL Claims”). Together, the 30 unpatente d
mining NS Claims and BL Claims make up the Mindora Property (the “ Property”). Hole No. 7, shown
in Table 1 below, contains 105 ft. (32.0 m) of 0.057 opt (1.94 gpt) gold and 3.552 opt (121.78 gpt) silver,
representing a 0.098 opt (3.36 gpt) AuEq grade from a hole depth of 0 to 105 ft. (0 to 32.0 m), with true
width of the intercept unknown.
About the Mindora Property
The Property is a gold/silver and base metal property located 20 miles southeast of Hawthorne, Nevada.
The gold -silver zone is an epithermal, carb onate-hosted, structurally controlled deposit in the Luning
Limestone Formation. The gold-silver zone overlies a porphyry system with molybdenum mineralization.
There is also evidence of copper skarn and copper porphyry mineralization on the Property.
The Property was discovered and worked in the late 1800’s. In the 1920’s with a limited amount of production
came from a series of rich, silver-bearing veins. During the period 1946 -1948, an estimated 10,000 tons of
direct-shipping ore was mined from the Property at unknown grade.
In the 1970’s, geologists recognized the epithermal nature of mineralization, and similarities to the nearby Santa
Fe deposit and other carbonate-rich sediment-hosted gold deposits in Nevada. Several companies staked the
property during this period, did limited sampling and geophysics, and then dropped their claims.
Hawthorne Gold Corporation acquired the property in 1979, and in the following year, brought in E & B
Exploration Inc. as a joint-venture partner and operator. E & B completed programs of rock-chip sampling and
trench sampling, surface and underground mapping, geophysical surveys, and drilled approximately 31,425 ft.
(9,578 m) in 134 holes (including a water-well and two diamond core holes). E & B’s work developed four
known mineralized zones.
Eureka Resources, Inc. acquired E & B’s interest in 1983. Eureka conducted IP, magnetic and VLF electromagnetic
surveys, soil and rock-chip sampling and drilled an additional approximately 11,441 ft. (3,487 m) in 40 holes. In
1988, Eureka commissioned metallurgical studies and a detailed review by Kilborn Engineering with the goal of
developing a small open pit gold mine. Total drilling on the Property is therefore about 42,836 ft. (13,056 m),
mostly in vertical holes in the range of 200-400 ft. (61-122 m), with a maximum drilling depth of 700 ft. (214
m).
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Eureka failed to file assessment work on the claims in 2001 and Nevada Sunrise LLC and BL Exploration
staked the Property in 2001 and 2003 , resulting in the current land package of the NS and BL Claims,
respectively. Little exploration work has been done on the property since the last drilling program, completed in
1995.
From the historic data, Emgold has summarized a list of significant gold and silver intercepts, as shown in Table
1. This table contains drill intercepts with grades greater than 0.01 opt (0.34 g/t) AuEq gold grades and lengths
greater than 25 ft. (7.6 m). A gold price of $1,300 per ounce and a silver price of $15 per ounce were used to
calculate gold equivalent grades, at a ratio of 86.7, with no allowance for metallurgical recovery. True widths of
intercepts are unknown.
Emgold has also summarized a list of significant molybdenum intercepts, as shown in Table 2. This table
contains drill intercepts with greater than 0.01% Mo and lengths greater than 25 ft. (7.6 m). Note that many
holes bottomed in molybdenum mineralization. The longest intercept was 295 ft. (90 m) of 0.59% Mo from in
drill-hole 162. True widths of intercepts are unknown.
There is little assay information on copper mineralization on the Property. A report titled “Assessment Report
on the Mindora Property, Mineral County, Nevada for Eureka Resource Inc.” by Myra Schatten, B.C., dated
April, 1993, looked at copper mineralization on the Property. The report identified several copper anomalies. It
concluded that copper mineralization occurs as skarns along the contact between the intrusives and the
limestone and sediments, as replacement zones adjacent to intrusive and limestone sedimentary contacts, and as
porphyry mineralization.
The data available on the Property was generated through exploration prior to the implementation of National
Instrument NI 43-101. This data is historical in nature and Emgold has not yet completed sufficient work to
independently verify these historic results, therefore they should not be relied upon. There is, however, sufficient
data available to create a 3-Dimensional model of the historic data to ultimately use as guide future exploration.
Terms of the Nevada Sunrise LLC Transaction
Emgold has agreed to purchase a 100 percent interest in the 12 unpatented mining NS Claims from Nevada
Sunrise LLC under the following terms:
1. US$50,000 on closing;
2. US$25,000 per year on the anniversary date of the closing for a period of four years.
Total purchase price of US$150,000.
Terms of the BL Exploration LLC Transaction
Emgold has agreed to purchase a 100 percent interest in 18 unpatented mining BL Claims from BL Exploration
LLC for US$50,000, due at closing. The BL Claims will be subject to a US$20,000 per year advance royalty.
Emgold will assign a 2% NSR royalty to BL Exploration. Emgold will have the option of acquiring one half of
the 2% NSR for US$20 0,000 on or before the fifth anniversary of the closing of the transaction. Should
Emgold not exercise this option, it will have a second option of acquiring ½ of the 2% NSR for US$500,000
after the fifth anniversary and before the ninth anniversary of the closing of the transaction.
Both the Nevada Sunrise LLC and BL Exploration LLC transactions are subject, amongst other conditions, to
completion of a definitive agreement and regulatory approval by the TSX Venture Exchange.
Qualified Person
Robert Pease, C.P.G., a qualified person under the NI 43 -101 instrument, has reviewed and approved the
content of this press release.
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Table 1
Mindora Property
Significant AuEq Intercepts
(>0.01 opt AuEq and Lengths > 25 feet or >0.34 gpt AuEq and Lengths > 7.6 meters)
Hole From To Length Au Ag AuEq From To Length Au Ag AuEq
Number (feet) (feet) (feet) (opt) (opt) (opt) (meters) (meters) (meters) (gpt) (gpt) (gpt)
1 90 135 45 0.035 2.770 0.067 27.4 41.1 13.7 1.200 94.972 2.297
4 0 110 110 0.025 0.650 0.033 0.0 33.5 33.5 0.857 22.286 1.131
5 270 340 70 0.000 0.920 0.011 82.3 103.6 21.3 0.000 31.543 0.377
6 30 55 25 0.000 1.622 0.019 9.1 16.8 7.6 0.000 55.612 0.651
and 360 400 40 0.004 1.021 0.015 109.7 121.9 12.2 0.137 35.006 0.514
7 0 105 105 0.057 3.552 0.098 0.0 32.0 32.0 1.954 121.784 3.360
8 40 105 65 0.031 3.440 0.071 12.2 32.0 19.8 1.063 117.944 2.434
and 130 195 65 0.019 0.748 0.028 39.6 59.4 19.8 0.651 25.646 0.960
9 70 200 130 0.032 1.876 0.053 21.3 61.0 39.6 1.097 64.321 1.817
10 155 255 100 0.014 1.642 0.033 47.2 77.7 30.5 0.480 56.298 1.131
11 100 215 115 0.098 1.738 0.058 30.5 65.5 35.1 3.360 59.589 1.989
13 85 145 60 0.017 1.913 0.039 25.9 44.2 18.3 0.583 65.589 1.337
14 5 30 25 0.011 2.076 0.035 1.5 9.1 7.6 0.377 71.178 1.200
16 5 95 90 0.014 0.642 0.021 1.5 29.0 27.4 0.480 22.012 0.720
18 155 200 45 0.036 2.853 0.068 47.2 61.0 13.7 1.234 97.818 2.331
19 60 95 35 0.058 0.923 0.069 18.3 29.0 10.7 1.989 31.646 2.366
21 200 235 35 0.011 0.147 0.013 61.0 71.6 10.7 0.377 5.040 0.446
22 100 165 65 0.010 0.262 0.013 30.5 50.3 19.8 0.343 8.983 0.446
and 200 290 90 0.026 0.921 0.037 61.0 88.4 27.4 0.891 31.577 1.269
25 70 95 25 0.023 1.394 0.039 21.3 29.0 7.6 0.789 47.795 1.337
27 25 135 110 0.037 5.071 0.096 7.6 41.1 33.5 1.269 173.864 3.291
and 245 275 30 0.037 0.472 0.043 74.7 83.8 9.1 1.269 16.183 1.474
30 60 170 110 0.021 0.653 0.029 18.3 51.8 33.5 0.720 22.389 0.994
32 105 130 25 0.010 0.478 0.016 32.0 39.6 7.6 0.343 16.389 0.549
and 165 205 40 0.017 0.378 0.021 50.3 62.5 12.2 0.583 12.960 0.720
34 85 110 25 0.020 0.268 0.023 25.9 33.5 7.6 0.686 9.189 0.789
35 5 85 80 0.011 0.863 0.020 1.5 25.9 24.4 0.377 29.589 0.686
37 30 185 155 0.023 0.508 0.028 9.1 56.4 47.2 0.789 17.417 0.960
41 150 305 155 0.020 0.654 0.028 45.7 93.0 47.2 0.686 22.423 0.960
42 5 140 135 0.028 1.658 0.047 1.5 42.7 41.1 0.960 56.846 1.611
43 120 150 30 0.019 1.023 0.030 36.6 45.7 9.1 0.651 35.075 1.029
45A 0 40 40 0.031 3.900 0.076 0.0 12.2 12.2 1.063 133.715 2.606
46 75 155 80 0.016 1.979 0.038 22.9 47.2 24.4 0.549 67.852 1.303
47 0 35 35 0.043 3.840 0.088 0.0 10.7 10.7 1.474 131.658 3.017
48 20 70 50 0.028 4.916 0.085 6.1 21.3 15.2 0.960 168.550 2.914
48A 25 130 105 0.19 4.023 0.066 7.6 39.6 32.0 6.514 137.933 2.263
49 130 155 25 0.039 0.966 0.050 39.6 47.2 7.6 1.337 33.120 1.714
and 225 255 30 0.004 2.201 0.029 68.6 77.7 9.1 0.137 75.463 0.994
and 300 365 65 0.002 1.806 0.023 91.4 111.3 19.8 0.069 61.921 0.789
50 255 280 25 0.022 0.228 0.026 77.7 85.3 7.6 0.754 7.817 0.891
- 4 -
Table 1 (Continued)
Mindora Property
Significant AuEq Intercepts
(>0.01 opt AuEq and Lengths > 25 feet or >0.34 gpt AuEq and Lengths > 7.6 meters)
Hole From To Length Au Ag AuEq From To Length Au Ag AuEq
Number (feet) (feet) (feet) Opt Opt Opt (meters) (meters) (meters) (gpt) (gpt) (gpt)
51 120 150 30 0.033 1.803 0.053 36.6 45.7 9.1 1.131 61.818 1.817
52 5 55 50 0.015 0.745 0.024 1.5 16.8 15.2 0.514 25.543 0.823
53 190 260 70 0.020 1.213 0.034 57.9 79.2 21.3 0.686 41.589 1.166
55 120 195 75 0.021 1.239 0.036 36.6 59.4 22.9 0.720 42.480 1.234
55A 80 155 75 0.014 0.066 0.022 24.4 47.2 22.9 0.480 2.253 0.754
55B 80 180 100 0.022 1.030 0.034 24.4 54.9 30.5 0.754 35.315 1.166
57 200 290 90 0.009 0.333 0.013 61.0 88.4 27.4 0.309 11.417 0.446
58 205 230 25 0.008 0.678 0.016 62.5 70.1 7.6 0.274 23.246 0.549
60 35 120 85 0.064 3.058 0.100 10.7 36.6 25.9 2.194 104.847 3.429
61 40 105 65 0.051 2.335 0.078 12.2 32.0 19.8 1.749 80.058 2.674
63 90 120 30 0.033 5.312 0.094 27.4 36.6 9.1 1.131 182.127 3.223
68 115 160 45 0.013 1.568 0.032 35.1 48.8 13.7 0.446 53.760 1.097
71 75 205 130 0.021 0.413 0.026 22.9 62.5 39.6 0.720 14.160 0.891
73 40 80 40 0.009 0.473 0.015 12.2 24.4 12.2 0.309 16.217 0.514
and 115 140 25 0.013 0.310 0.017 35.1 42.7 7.6 0.446 10.629 0.583
75 30 80 50 0.020 0.473 0.025 9.1 24.4 15.2 0.686 16.217 0.857
83 105 135 30 0.008 0.533 0.014 32.0 41.1 9.1 0.274 18.274 0.480
and 235 265 30 0.006 0.607 0.013 71.6 80.8 9.1 0.206 20.812 0.446
87 235 265 30 0.081 No Data 0.081 71.6 80.8 9.1 2.777 No Data 2.777
93 40 65 25 0.044 3.702 0.086 12.2 19.8 7.6 1.509 126.927 2.949
95 55 125 70 0.030 1.558 0.048 16.8 38.1 21.3 1.029 53.418 1.646
97 90 140 50 0.016 2.475 0.044 27.4 42.7 15.2 0.549 84.858 1.509
99 20 60 40 0.063 2.824 0.095 6.1 18.3 12.2 2.160 96.824 3.257
100 90 150 60 0.026 2.267 0.052 27.4 45.7 18.3 0.891 77.726 1.783
102 0 30 30 0.007 0.995 0.019 0.0 9.1 9.1 0.240 34.115 0.651
106 90 135 45 0.027 1.977 0.049 27.4 41.1 13.7 0.926 67.783 1.680
and 200 250 50 0.035 1.456 0.052 61.0 76.2 15.2 1.200 49.920 1.783
107 75 125 50 0.027 4.587 0.080 22.9 38.1 15.2 0.926 157.270 2.743
and 145 170 25 0.034 2.064 0.058 44.2 51.8 7.6 1.166 70.766 1.989
108 105 150 45 0.039 1.567 0.057 32.0 45.7 13.7 1.337 53.726 1.954
109 25 50 25 0.086 0.360 0.009 7.6 15.2 7.6 2.949 12.343 0.309
113A 200 250 50 0.017 0.243 0.019 61.0 76.2 15.2 0.583 8.331 0.651
114 20 60 40 0.043 2.118 0.067 6.1 18.3 12.2 1.474 72.618 2.297
117 60 90 30 0.070 0.134 0.071 18.3 27.4 9.1 2.400 4.594 2.434
120 15 85 70 0.010 0.261 0.013 4.6 25.9 21.3 0.343 8.949 0.446
121 5 30 25 0.019 0.263 0.022 1.5 9.1 7.6 0.651 9.017 0.754
124 60 135 75 0.013 0.311 0.017 18.3 41.1 22.9 0.446 10.663 0.583
131 35 75 40 0.011 0.396 0.016 10.7 22.9 12.2 0.377 13.577 0.549
132 140 230 90 0.024 0.180 0.026 42.7 70.1 27.4 0.823 6.171 0.891
134 145 170 25 0.009 9.218 0.116 44.2 51.8 7.6 0.309 316.048 3.977
137 185 225 40 0.011 0.306 0.014 56.4 68.6 12.2 0.377 10.492 0.480
and 255 325 70 0.040 1.394 0.056 77.7 99.1 21.3 1.371 47.795 1.920
142 85 110 25 0.055 0.570 0.062 25.9 33.5 7.6 1.886 19.543 2.126
146 190 280 90 0.012 0.583 0.019 57.9 85.3 27.4 0.411 19.989 0.651
162 435 470 35 0.040 0.243 0.043 132.6 143.3 10.7 1.371 8.331 1.474
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Table 2
Mindora Property
Significant Molybdenum Intercepts
(>0.01% MO and Lengths > 25 feet or 0.01% MO and Lengths > 7.6 meters)
Hole From To Length From From From Mo% Note
Number (feet) (feet) (feet) (meters) (meters) (meters)
M-80-6 205 400 195 62.5 121.9 59.4 0.039 BOH
M-80-7 25 55 30 7.6 16.8 9.1 0.124
M-80-8 70 95 25 21.3 29.0 7.6 0.020
and 125 150 25 38.1 45.7 7.6 0.066
M-80-9 115 165 50 35.1 50.3 15.2 0.016
M-80-10 150 245 95 45.7 74.7 29.0 0.033
M-80-11 85 225 140 25.9 68.6 42.7 0.036 BOH
M-80-13 85 200 115 25.9 61.0 35.1 0.074 BOH
M-80-17 105 205 100 32.0 62.5 30.5 0.014 BOH
M-80-18 95 200 105 29.0 61.0 32.0 0.029 BOH
M-80-19 60 115 55 18.3 35.1 16.8 0.021
M-80-22 150 230 80 45.7 70.1 24.4 0.024
M-80-23 155 190 35 47.2 57.9 10.7 0.020
and 270 300 30 82.3 91.4 9.1 0.022
M-80-26 195 320 125 59.4 97.5 38.1 0.013 BOH
M-80-27 35 65 30 10.7 19.8 9.1 0.027
and 95 125 30 29.0 38.1 9.1 0.044
M-80-28 175 310 135 53.3 94.5 41.1 0.031 BOH
M-80-29 125 275 150 38.1 83.8 45.7 0.064 BOH
M-80-30 80 170 90 24.4 51.8 27.4 0.026
M-80-31 175 205 30 53.3 62.5 9.1 0.030 BOH
M-80-32 170 215 45 51.8 65.5 13.7 0.031 BOH
M-80-34 140 205 65 42.7 62.5 19.8 0.131
M-80-35 40 75 35 12.2 22.9 10.7 0.017
M-80-40 230 400 170 70.1 121.9 51.8 0.069 BOH
M-81-41 125 340 215 38.1 103.6 65.5 0.029
M-81-42 80 155 75 24.4 47.2 22.9 0.090
M-81-43 110 200 90 33.5 61.0 27.4 0.030
M-81-45 295 500 205 89.9 152.4 62.5 0.029 BOH
M-81-46 95 200 105 29.0 61.0 32.0 0.023 BOH
M-81-49 110 235 125 33.5 71.6 38.1 0.040
and 335 485 150 102.1 147.8 45.7 0.043
* BOH = bottom of hole
- 6 -
About Emgold
Emgold is a junior gold exploration company focused on Nevada and Quebec. The Company’s strategy is
to look for asset acquisitions and divestitures, joint ventures, option, royalty, and other business
opportunities to advance the Company and create value for our shareholders. Our p roperties include the
Golden Arrow, Buckskin Rawhide East, Buckskin R awhide West, and Koegel Rawhide Properties in
Nevada and an option to acquire up to a 91% interest in the Casa South Property in Quebec , adjacent to
Hecla Mining Corporation’s operating Casa Berardi Mine . T he Company has a strategic investment of
3.75 mil lion shares of Troilus Gold Corporation ( TSX: TLG ) which is advancing the Troilus Gold
Project in Quebec. For more information on the Company, investors should review the Company's filings
that are available at www.sedar.com or the Company's website at www.emgold.com.
Table 2 (continued)
Mindora Property
Significant Molybdenum Intercepts
(>0.01% MO and Lengths > 25 feet or 0.01% MO and Lengths > 7.6 meters)
Hole From To Length From From From Mo% Note*
Number (feet) (feet) (feet) (meters) (meters) (meters)
M-81-50 175 265 90 53.3 80.8 27.4 0.032
M-81-51 135 200 65 41.1 61.0 19.8 0.026
M-81-53 110 200 90 33.5 61.0 27.4 0.022
M-81-54 90 170 80 27.4 51.8 24.4 0.076
M-81-55 90 205 115 27.4 62.5 35.1 0.043 BOH
M-81-55A 90 190 100 27.4 57.9 30.5 0.065 BOH
M-81-55B 85 190 105 25.9 57.9 32.0 0.064
and 280 400 120 85.3 121.9 36.6 0.030 BOH
M-81-56 150 385 235 45.7 117.3 71.6 0.031
430 485 55 131.1 147.8 16.8 0.012
M-81-57 150 310 160 45.7 94.5 48.8 0.038
M-81-62 190 285 95 57.9 86.9 29.0 0.022 BOH
M-81-63 270 300 30 82.3 91.4 9.1 0.035 BOH
M-81-64 110 200 90 33.5 61.0 27.4 0.027 BOH
M-81-65 70 260 190 21.3 79.2 57.9 0.016
and 300 365 65 91.4 111.3 19.8 0.019
and 420 500 80 128.0 152.4 24.4 0.019 BOH
M-81-67 100 140 40 30.5 42.7 12.2 0.095 BOH
M-81-68 85 195 110 25.9 59.4 33.5 0.070 BOH
M-83-79 145 200 55 44.2 61.0 16.8 0.018
M-83-89 325 405 80 99.1 123.4 24.4 0.100 BOH
M-83-101 155 180 25 47.2 54.9 7.6 0.110
M-83-104 355 405 50 108.2 123.4 15.2 0.130 BOH
M-83-109 225 255 30 68.6 77.7 9.1 0.025
M-95-153 285 500 215 86.9 152.4 65.5 0.040 BOH
M-95-154 255 405 150 77.7 123.4 45.7 0.040
M-95-162 175 470 295 53.3 143.3 89.9 0.059
* BOH = bottom of hole
- 7 -
On behalf of the Board of Directors
David G. Watkinson, P.Eng.
President & CEO
For further information, please contact:
David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note on Forward-Looking Statements
This news release contains forward -looking statements and forward -looking information (collectively, "forward -looking
statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private
Securities Litig ation Reform Act of 1995. All statements, other than statements of historical fact, included herein including,
without limitation, statements regarding the anticipated results from exploration activities, the discovery and delineation o f
mineral deposits/ resources/reserves and the anticipated business plans and timing of future activities of the Company, are
forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that
such expectations will p rove to be correct. Forward -looking statements are typically identified by words such as: "believe",
"expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refe r to
future events.
The Company cautions investors that any forward -looking statements made by the Company are not guarantees of future results
or performance, and that actual results may differ materially from those in forward -looking statements as a result of various
factors, includ ing potential acquisition of the Mindora Property, further exploration, development, or mining activities on the
Mindora, Property, or its other Properties, operating and technical difficulties in connection with mineral exploration and
development activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of
estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new
deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in
the financial markets and in the demand and market price for commodities, labour disputes and other risks of the mining industry,
delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activiti es,
changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any
necessary permits, consents or authorizations required, including TSX Venture Exchange acceptance of any other current or
future property acquisitions or financings and other pl anned activities, the timing and possible outcome of any pending litigation,
environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclo sed in the
Company's latest interim Management's Discu ssion and Analysis and filed with certain securities commissions in Canada. The
Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these
materials, including the technical reports filed with respect to the Company's mineral properties.
The Company does not undertake to update any forward -looking information provided in this press release or Management's
Discussion and Analysis , except as, and to the extent required by, applicable securities laws . For more information on the
Company and its business, investors should review the Company’s annual information form and other regulatory filings filed
with securities commissions or similar authorities in Canada that are available on SEDAR at www.sedar.c om. The Company
reviews its forward-looking statements on an ongoing basis and updates this information when circumstances require it.
Readers are cautioned not to place undue reliance on forward -looking statements. The Company undertakes no obligation to
update any of the forward -looking statements in this news release or incorporated by reference herein, except as otherwise
required by law.