Fjordland Receives TSX-V Approval to Complete Acquisition of North Thompson Nickel Project Option with CanAlaska / Grants Stock Options
NEWS RELEASE NR# 20-03
Fjordland Receives TSX-V Approval to Complete Acquisition of
North Thompson Nickel Project Option with CanAlaska / Grants Stock Options
June 5, 2020, Vancouver, BC. Fjordland Exploration Inc. (TSX -V “FEX”) is pleased to announce that it has
received approval from the TSX Venture Exchange with respect to the option agreement with CanAlaska
Uranium Ltd. whereby Fjordland can earn up to an 80% interest in CanAlaska’s 100%-owned North Thompson
Nickel Project in Manitoba, Canada (see news release #20 -02 dated May 5, 2020) . Fjordland reports it has
issued 1,000,000 common shares and paid $25,000 to CanAlaska under the terms of the agreement. The
shares have a four month hold period and may not be traded until September 29, 2020.
Robert Cameron, P. Geo., a technical consultant to the Company, is a qualified person within the context of
National Instrument 43-101 and has read and takes responsibility for the technical aspects of this release.
Stock Option Grants
The board of directors reports it has accepted the recommendations of the Compensation Committee and has
granted 2,225,000 incentive stock options to directors, officers and contractors of the Company under its stock
option plan, in accordance with the Company's compensation policy. The options are exercisable for five years
at a price of $0.07 per share and are subject to the policies of the TSX Venture Exchange.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company that is focused on the discovery of large scale
potentially economic deposits located in Canada.
Fjordland has been actively exploring the Pants Lake Intrusive in collaboration with High Power E xploration
and Commander Resources. The target is a Ni- Cu-Co deposit analogous to the nearby Voisey’s Bay deposit
some 80 km to the north.
Fjordland has an option from CanAlaska Uranium Ltd to earn an 80% interest in two large claim groups located
20 km. north of Vale’s long-life Thompson mine located in northern Manitoba. The properties are considered
prospective for Ni -Cu-Co-PGE magmatic sulphide mineralization analogous to the deposits hosting the
operating mine. Recent detailed due diligence focused on state-of-the-art reprocessing of CanAlaska’s historic
VTEM survey data confirmed the presence of several robust near surface targets which are scheduled to be
drilled. For further information visit Fjordland’s website at www.fjordlandex.com
On behalf of the Board of Directors,
“Richard C. Atkinson”
Richard C. Atkinson, P.Eng.
President & CEO
For further information, please call: FJORDLAND
EXPLORATION INC.
Richard C. Atkinson, President and CEO 1-604-805-3232
[email protected] www.fjordlandex.com
Some statements in this news release may contain forward-looking information. These statements address future events
and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different from any future results, performance or achievements
expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures,
the ability to complete exploration programs on schedule and the success of exploration programs.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.