New Nadina sale of Kettle River completed
New Nadina Explorations Limited TSX-V-NNA
Box 130, 1215 Greenwood Street, Greenwood, BC V0H 1J0
Phone (250) 445 2260, Fax (250) 445 2259
News Release
New Nadina sale of Kettle River completed
February 15, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the “Company”, TSX
VENTURE: NNA) is pleased to report th e sale of its wholly owned subsidiary, Kettle River Resources Ltd. to Golden
Dawn Minerals Inc. (TSX-V: GOM) has been finalized. (Letter of Intent NR Oct 19, 2016).
Kettle River Resources Ltd. owns a significant block of mineral claims, Crown Granted mineral claims and surface
freehold titles in the historical Greenwood Mining District. We are optimistic this package will enhance Golden Dawn’s
portfolio of properties to complete the picture for rewarding exploration in the famous historical production district.
Having a mill in the district encourages and makes feasibl e the mining of smaller available deposits. New Nadina has
received 2.2 million shares of Golden Dawn.
In addition to the common shares New Nadina has received payments totaling CAD$1,010,000. The properties are
subject to a 1% NSR where Golden Da wn can purchase a ½% for $1,000,000 up to five years and thereafter $1,200,000
up to 10 years leaving a ½% NSR payable to New Nadina.
New Nadina has retained all non-Greenwood Area assets and property: DHK Diamonds Inc. interests and the
Saskatchewan Quarry.
SILVER QUEEN:
Immediate focus is the Silver Queen property located 43km south of Houston BC near Owen Lake. High grade silver
assays (NR Dec 23, 2015) in veins deep within the Itsit copper, molybdenum, gold porphyry will be further tested in the
next program. The size of the 2017 program will depend on fu nds available through an equity financing. An offering
first to the existing shareholders then to accredited investors is being considered.
A Surface Rights Board (SRB) hearing, at the request of the Co mpany, is scheduled for March 6, 2017 to hear arguments
of drilling during winter or non-winter. The Company intends to prove to the private property landowner a non-winter
program will be less damaging than a winter program. Due to the unpredictable weather at the site, it is not likely
possible to conduct a winter program to meet landowner conditions requiring minimal gr ound impact and on continual
snow packed access and frozen ground. The timing of the SRB decision will be adequate to plan for either.
ON BEHALF OF THE BOARD
“Signed”
Ellen Clements,
President and Chief Executive Officer
For further information please visit the website at www.nadina.com
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Vent ure
Exchange) accepts responsibility for the adequacy or accuracy of this release.”
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains certain "forward-looking information" within the m eaning of Canadian securities laws. Actual results may
differ materially from those indicated by such forward-looking information. All information included herein, other than stateme nts of
historical fact, including, without limitation, information regarding future production, is considered forward-looking informat ion and
involves various risks and uncer tainties. There can be no assu rance that the forward-looking information will prove to be accur ate, as
actual results and future events could differ materially from those anticipated in such information. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility f or the
adequacy or accuracy of this release.