Margaux Resources Receives TSXV Final Approval for Acquisition of Ore Hill and Aspenex
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NEWS RELEASE
Margaux Resources Receives TSXV Final Approval for Acquisition of Ore Hill and
Aspenex
CALGARY, ALBERTA -- (The Newswire – March 29, 2017)
Margaux Resources Ltd. (TSX VENTURE: MRL, OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce
that the TSX Venture Exchange has accepted the filing documentation and approved the issuance of common shares
thereunder relating to the Company's following agreements with third parties (the "Vendors") (i) an option
agreement (the "Option Agree ment") for the acquisition of 100% of the Ore Hill property; and (ii) a purchase and
sale agreement (the "Purchase Agreement") for the acquisition of 100% of the Aspenex property (collectively with
the Ore Hill property, the “Properties”), located in Salmo, British Columbia.
Ore Hill Option Agreement
Under the terms of the Option Agreement, Margaux will have the exclusive option to acquire the Ore Hill mineral
claims by making payments to the Vendor of an aggregate $80,000 cash and aggregate issuance of 200,000 common
shares ("Shares") of Margaux, paid in several installments over four years. In addition, the Vendor will retain a 2%
net smelter returns royalty (“NSR”) on the Ore Hill property. Margaux may at any time purchase the 2% NSR from
the third party by payment of $250,000.
Aspenex Purchase Agreement
Under the terms of the Purchase Agreement, Margaux has purchased the Aspenex property from the Vendor
outright, for a purchase price of $5,000 cash and the issuance of 50,000 Shares.
The Properties are located in the Kootenay Arc belt in southeast ern British Columbia approximately 12 kilometres
southeast and 5 kilometres east, respectively, of the community of Salmo, and adjacent to Margaux’s Jersey-Emerald
and Sheep Creek properties. The Properties consist of two mineral claims, covering 338.13 he ctares in the Nelson
Mining Division, and are prospective for gold, silver, zinc and lead. For further detail on the Properties, please refer
to Margaux’s press releases dated March 2, 2017.
About Margaux Resources Ltd.: Margaux is a publicly traded polym etallic exploration company focused on the
exploration and development of previously producing properties in the Kootenay Arc, located in southeastern British
Columbia, including the Jackpot/Oxide, Jersey -Emerald, Sheep Creek and Bayonne properties, on whi ch Margaux
has options. The Company is directed by a group of highly successful Canadian business executives with proven track
records. Margaux trades on the TSX Venture Exchange under the symbol MRL and on the OTCQB under the symbol
MARFF.
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 in volves inherent risk and uncertainty. Actual results 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 pertaining,
directly or indirectly, to the following: the potential of mineral resources and potential for recovery thereof, the
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Company’s ability to make payments under the Option Agreement, 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 spec ified in
the documents 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. There
can be no assurance tha t the Company will complete the option payments to acquire the Ore Hill p roperty on the
time frame required by the Option Agreement or at all. The payments under the Option Agreement are subject to a
number of conditions, including Margaux being able to source the cash requ ired under the Option Agreement to
make the requisite option payments.
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