Turmalina Announces Termination of Marketing Agreement
LEGAL_42258777.2
September 28, 2023
Turmalina Announces Termination of Marketing Agreement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
Vancouver, BC – Turmalina Metals Corp. (“Turmalina”, or the “Company”; TBX-TSXV, TBXXF-OTCQX,
3RI-FSE) announces that, further to its news release dated March 2, 2023, it has terminated its
consulting agreement (the “ Agreement”) with OGIB Corporate Bulletin (“ OGIB”) effective
immediately.
The Company seeks to clarify prior disclosure with respect to the Agreement. The Company previously
disclosed that payments would occur in three installments of $75,000, rather than on entry into the
Agreement. The full cash fee of $225,000 was paid to OGIB on entry into the Agreement, and
subsequently the Company arranged a refund of $150,000, with plans to pay such amount in two
remaining installments of $75,000. To date, only $75,000 has been paid of the total $225,000
previously contracted, and such amount is being retained by OGIB for the services provided.
The parties have terminated the Agreement as the Company was unable to receive approval from the
TSX Venture Exchange (the “ Exchange”) for the Agreement. There are no monies currently held by
OGIB in advance of any work done or to be done.
On Behalf of the Company,
James Rogers, Chief Executive Officer and Director.
Website: turmalinametals.com
Address: #488 - 1090 West Georgia St, Vancouver, BC V6E 3V7.
For Investor Relations enquiries, please contact +1 833 923 3334 (toll free) or via
Statements
About Turmalina Metals: Turmalina Metals is a TSXV- listed exploration company focused on developing our
portfolio of high -grade gold-copper-silver projects in South America. Our focus is on tourmaline breccias, a
deposit style overlooked by many explorers. Turmalina Metals is led by a team responsible for multiple gold -
copper-silver discoveries who are highly experienced in this deposit style. Our projects are characterised by open
high-grade minerali zation on established mining licenses that present compelling drill targets. The flagship
project held by Turmalina is the San Francisco project in San Juan, Argentina. For further information on the San
Francisco Project, refer to the technical report entitled “NI43- 101 Technical Report San Francisco Copper Gold
Project, San Juan Prov ince, Argentina” dated November 17, 2019 under the Corporation’s profile at
www.sedar.com.
LEGAL_42258777.2
Forward Looking Statement: This news release includes certain statements that may be deemed “forward -
looking statements”. All statements in this news release, other than statements of historical facts, that address
events or developments that the Company expects to occur, are forward-looking statements. Forward -looking
statements are statements that are not historical facts and are generally, but not always, identified by the words
“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar
expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the
Company believes the expectations expressed in such forward -looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may differ materially
from those in the forward -looking statements. Forward looking statements in this news release include
statements relating to the refunding to the Company by OGIB of cash consideration paid by the Company to
OGIB in connection with the Agreem ent. Factors that could cause the actual results to differ materially from
those in forward -looking statements include market or business conditions . Investors are cautioned that any
such statements are not guarantees of future performance and actual resul ts or developments may differ
materially from those projected in the forward -looking statements. Forward -looking statements are based on
the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except
as required by applicable securities laws, the Company undertakes no obligation to update these forward-
looking statements in the event that management's beliefs, estimates or opinions, or other factors, should
change.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of
the contents of this press release.