Margaux Resources Ltd. Terminates its Option Agreement with Apex Resources Inc.
NOT FOR DISSEMINATION IN THE UNITED STATES
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NEWS RELEASE
Margaux Resources Ltd. Terminates its Option Agreement with Apex Resources
Inc.
CALGARY, ALBERTA -- October 4, 2018
Margaux Resources Ltd. (TSX VENTURE:MRL , OTCQB:MARFF) ("Margaux" or the "Company") has elected to
terminate the option agreement on the Jersey-Emerald property in southern British Columbia.
Margaux entered into the option agreement with Apex Resources Inc. (“Apex”, formerly Sultan Minerals Inc .) in
2013. The ongoing monthly option payments to Apex of $50,000 (which will increase to $100,000 monthly payments
on January 1, 2019 until a total of $4.02 million has been paid to Apex) were determined by Margaux's board of
directors to be unjustifiable in light of current market conditions and metal prices, and no longer in the best interest
of the Company’s shareholders.
Going forward, t he Company will continue gold and zinc exploration at targets identified on properties that have
been amassed in the Salmo area, outside of the originally optioned Jersey-Emerald property.
Tyler Rice, President and CEO for Margaux Resources stated “After careful consideration, the Company has decided
for strategic reasons to focus on our gold and zinc properties in the surrounding areas, while at the same time
considering other opportunities. Our 2018 exploration programs on the Jackpot zinc and Bayonne gold properties
have identifie d high -quality drill targets and successfully advanced these projects. The results from our 2018
Bayonne drill program have been received and are currently being compiled for release in the near future. We
continue to be encouraged by our exploration in the region and believe that Margaux shareholders will enjoy a more
positive outcome with our change in direction and strategy.”
About Margaux Resources Ltd.
Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on
gold and zinc exploration in the Kootenay Arc, in the southeastern region of British Columbia , and directed by a
group of highly successful Canadian business executives.
Forward Looking Statements
This press release may contain forward looking statements including those describing Margaux's future plans and
the expectations of management that a stated result or condition will occur. Any statement addressing future events
or conditions necessarily involves inherent risk and uncertainty. Actual re sults can differ materially from those
anticipated by management at the time of writing due to many factors, the majority of which are beyond the control
of Margaux and its management. In particular, this news release contains forward -looking statements pe rtaining,
directly or indirectly, to the following: Margaux's exploration plans and work commitments, the potential of mineral
resources and potential for recovery thereof, the timing of reporting exploration results , as well as other market
conditions and economic factors, business and operations strategies . Readers are cautioned that the foregoing list
of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as
of the date specified in the docume nts accompanying this release, as the case may be. The Company undertakes no
obligation to publicly update or revise any forward -looking statements except as expressly required by applicable
securities laws.
NOT FOR DISSEMINATION IN THE UNITED STATES
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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.
CONTACT INFORMATION
Margaux Resources Ltd.
Tyler Rice
President, CEO and a Director
(403) 537-5590