Manning Ventures appoints Neil McCallum as Special Advisor to the Company.
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Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
MANNING VENTURES APPOINTS NEIL MCCALLUM AS SPECIAL
ADVISOR TO THE COMPANY
Vancouver, British Columbia, March 8, 2021 – Manning Ventures Inc. (the “Company” or
“Manning”) (CSE: MANN; Frankfurt: 1H5) is pleased to announce that it has appointed Neil
McCallum as special advisor to the Company.
Mr. McCallum is a professional geologist with over 16 years of experience in North America. He
has managed a range of projects from grassroots prospecting to resource definition drilling and
resource modeling. Over his career, he has become an expert in the compilation of regional-
scale metallogenic databases to generate new targets and gain a better perspective for project-
scale targeting and acquisition. As a result, his specialty has led him to serve as an independent
director for several public companies and launched numerous clients along successful paths to
discovery. Stemming from his extensive project and managerial experience, he is extremely
proficient in designing budget-specific exploration programs for a variety of commodities within
both Canadian and US jurisdictions with the added ability to recognize and develop often hidden
potential.
“We are very happy to bring Neil on as a special advisor to Manning and welcome him to the
team,” said Alex Klenman, CEO of Manning. “Having been involved in multiple major discoveries,
Neil’s knowledge, skill set, and expertise will be a great benefit to the Company as we continue
to move our project base forward. We feel the recently announced acquisition of the Wabush
Iron Ore assets in Quebec have significant unrealized value, and we trust Neil’s experience will
aid us greatly in furthering the development of these projects,” continued Mr. Klenman.
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”I am pleased to be a part of a team to advance the technical portfolio that Manning Ventures
has already assembled. I am looking forward to building value through the development of these
excellent iron ore assets in a world-class district,” states Mr. McCallum. “Behind me is a diverse
team of professionals at the Dahrouge Geological Consulting firm, that I have worked with my
entire career, and I will leverage the individual strengths of my team members, when applicable,”
continued Mr. McCallum.
Company Engages Digital257 for Marketing Campaign
The Company is also pleased to announce it has entered into a consulting agreement dated
February 25, 2021 (the “Consulting Agreement”) with Digital257 Technologies Inc. (“Digital 257”)
of Vancouver, British Columbia. Digital257 is a digital marketing firm specializing in investor
audience growth and awareness. Pursuant to the Consulting Agreement, Digital257 will help the
Company implement a broad marketing program designed to increase corporate branding and
recognition. The Consulting Agreement has a term of approximately four (4) months commencing
on February 25, 2021, at a cost of CDN$25,000. Following a period of ninety (90) days, either the
Company or Digital 257 may terminate the Consulting Agreement upon providing thirty (30) days’
written notice. Digital257 is an arm's-length party to the Company and does not currently own
any securities of the Company.
About Manning Ventures’ Iron Ore Projects (Lac Simone and Hope Lake)
Manning has signed a definitive agreement to acquire 100% of Wabush Iron Ore Inc. (“Wabush”)
Wabush is the beneficial owner of two mineral properties located in the Province of Quebec,
namely the Lac Simone Project, which totals 2,400 hectares, and the Hope Lake Project, which
totals 2,477 hectares.
The Lac Simone Property is situated proximal to the south of Fermont, QC, and shares many of
the same attributes as other more advanced staged properties nearby; however, it is significantly
less developed. The magnetic signature of the Lac Simone Property, along with the regional
mapping and historical work, indicates several iron formation horizons are present.
Historical work between 1956 and 1964 by Jubilee Iron Corporation included test pits that
produced bulk-sample with an average head grade of 35.51% Fe from iron formation at the north
end of the Lac Simone Property. The material was upgraded to a concentrate grade of 66.02% Fe
(Ross 1956, Report GM06782A).
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The Hope Lake Property is situated approximately 60 km south of Fermont, QC, and is crossed at
its western end by a privately owned rail-line which services Arcelor Mittal’s iron ore operations
in the region. In 2011 and 2013 Champion Iron Mines explored the Hope Lake Property and
collected a total of 16 samples of outcrop and reported average grades of 28.7% FeT and 33.7%
FeT from each program, respectively, indicating the property hosts high-grade quartz-hematite
+/- magnetite iron formation. In 2014, an assessment report completed by MRB & Associates
Geological Consultants, on behalf of Champion Iron Mines, stated that “Careful perusal of all
available data on the Hope Lake claims suggests that the iron formation that underlies the claim
block contains a potential iron-ore resource. The true grade and amount of iron-ore deposits most
amenable to mining have yet to be determined, but there exists a demonstrably strong potential
for deposits of economic grade” (Langton 2014, Report GM68246).
The Company cautions that no mineral resource, either historical or in accordance with National
Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), has been
completed for the Lac Simone Property or the Hope Lake Property. In addition, the Company has
not yet completed the necessary work to independent verify historical data, and therefore,
makes no assertions as to the validity of the historical statements with respect to resource or
economic potential of the Lac Simone Property or the Hope Lake Property.
Qualified Person Disclosure
Darren L. Smith, M. Sc., P. Geo., of Dahrouge Geological Consulting Ltd., a registered permit
holder with the Ordredes Géologues du Québec and Qualified Person as defined by NI 43-101,
supervised the preparation of the technical information in this news release.
About Manning
Manning is a broad-based mineral exploration and development company with a focus in Canada.
Manning is currently earning towards a majority interest in the Squid East Silver-Gold Property
located in the Yukon, and the Flint Lake Gold Project located in Ontario. In addition, Manning also
has signed a definitive agreement to acquire 100% of Wabush. Wabush is the beneficial owner
of two mineral properties located in the Province of Quebec, namely the Lac Simone Project,
which total 2,400 hectares, and the Hope Lake Project, which totals 2,477 hectares.
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For further information contact:
Manning Ventures Inc.
Alex Klenman - CEO
Email: [email protected]
Telephone: (604) 970-4330
www.manning-ventures.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS:
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. Factors that could cause the actual results to differ materially from
those in forward-looking statements include market prices, exploitation and exploration
successes, and continued availability of capital and financing, and general economic, market and
business conditions. Investors are cautioned that any such statements are not guarantees of
future performance and actual results 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.