Inomin Provides Corporate Update
Inomin Mines Inc. 700 West Georgia Street, Suite 2200, Vancouver, BC Canada V7Y 1K8
www.inominmines.com
NEWS RELEASE
Inomin Provides Corporate Update
Vancouver, British Columbia, April 11, 2023 – Inomin Mines Inc. (TSX.V: MINE), (“Inomin”, “MINE” or the
“Company”) is pleased to provide a corporate update.
Beaver-Lynx Critical Minerals Project
Inomin intends to complete additional drilling in the Spur, North Lobe, and Ring zones on the Beaver block to build on
the Company’s initial discoveries of high-grade magnesium, sulphide nickel, and chromium and cobalt – all critical
minerals. Initial drill testing is also anticipated in the South zone , a 2 x 1 kilometre (km) magnetic target, as well as at
the adjoining Lynx property, that features an 8-km wide ring -like magnetic anomaly comprised of several strong
magnetic anomalies.
Inomin is also reviewing carbon capture and s torage (CCS) studies for Beaver-Lynx following initial positiv e te st
results (see June 27, 2022 news release ). It is anticipated that future CCS work will be conducted in collaboration
with Arca, a leading carbon mineralization company.
La Gitana Gold-Silver Project
Relations with the community where the Company’s La Gitana project is located are being strengthened. Among the
objectives of the Com pany’s dialogue is to explore the many ways the project can benefit the community .
As demonstrated by operating gold-silver mines in the region, including Gold Resource’s Arista and Mirador mines,
responsible mining can create strong soci al-economic benefits for residents and be a n important catalyst for societal
growth.
La Gitana is an advanced, gold -silver exploration project where exploration including diamond drilling by past joint
project owners – Chesapeake Gold and Goldcorp (latte r co mpany acquired by Newmont Corp) – delineated a
substantial near-surface, low-sulphidation, epithermal gold-silver deposit.
Inomin looks forward to reaching an agreement with the community and continuing to advance the project for the
benefit of all stakeholders.
Agreement with Castlewood Capital Corp.
The Company has entered into a corporate advisory agreement with Castlewood Capital Corp. (“Castlewood”) dated
April 1, 2023. Castlewood will provide Inomin corporate and investment banking advisory services including
identifying project acquisition opportunities.
The agreement with Castlewood is for a six-month term and provides a monthly fee and additional compensation for
certain transactions introduced by Castlewood. The Company has also granted Castlewood, effective April 11, 2023,
incentive stock options to acquire 100,000 common shares of the Company at $0. 07 per share expiring April 11,
2025.
Jason Libenson, president of Castlewood says, “We’re impressed by Inomin’s projects as they are clear ly significant
discoveries with substantial growth potential. Further drill ing success will enable the Company to realize the potential
of its assets and create significant shareholder value.”
About Inomin Mines
Inomin Mines is focused on the identification, acquisition, and exploration of mineral properties with strong potential to
host significant resources, especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX
Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on
Twitter @InominMines.
Inomin Mines Inc. 700 West Georgia Street, Suite 2200, Vancouver, BC Canada V7Y 1K8
www.inominmines.com
On behalf of the board of Inomin Mines:
Inomin Mines Inc.
Per: “John Gomez”
President and CEO
For more information please contact:
John Gomez
Tel. 604.566.8703
Inomin Mines Director, L. John Peters , P.Geo., a qualified person as defined by NI43 -101, has reviewed and
approved the technical information in this news release.
Forward Looking Statements:
This news release contains certain statements that may be deemed “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 even ts 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 an d actual results or realities may differ
materially from those in 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 law, 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 TSX Venture Exchange nor its Regulation Services Provider (as tha t term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.