Inomin’s King’s Point Polymetallic Property to be Advanced by Maritime
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
NEWS RELEASE
Inomin’s King’s Point Polymetallic Property to be Advanced by Maritime
Vancouver, British Columbia, October 3 , 2018 – Inomin Mines Inc. (“Inomin”, “MINE” or the “Company")
(TSX.V: MINE) announces its King’s Point option agreement with Mar itime Resources Corp . (“Maritime”) (TSX.V
MAE) has received shareholder approval and acceptance by the TSX Venture Exchange. The deal provides
additional exploration at King’s Point to test the property’s potential for high-grade gold deposits similar to Maritime’s
Hammerdown deposit, as well as for base metal deposits. Inomin benefits through cash and share payments from
Maritime, as well as a 1% NSR on the property. Inomin received approval from 98.9% of shareholders who voted for
the transaction at the Company’s AGM held September 6, 2018.
The King’s Point gold -base metal project is within the Catcher’s Pond Belt in the Green Bay area of Newfoundland,
noted for high -grade gold and volcanogenic massive sulphide (VMS) base metal deposits. The project covers two
separate areas of approximately 3,225 hectares collectively , situated adjacent to Maritime’s flagship Green Bay
polymetallic project that hosts the Hammerdown and Orion gold deposits, as well as th e Lochinvar base -precious
metal deposit. To date , eight precious and base metal prospects have been discovered at King’s Point including
epithermal gold mineralization at Golden Anchor, copper -gold mineralization at the past-producing Rendall Jackman
mine, and zinc dominant VMS mineralization at Beetle Pond.
The Company looks forward to the continued exploration of King’s Point under the direction of Maritime that has
strong geological and working knowledge of the region. Maritime is focused on reopening their nearby past-producing
Hammerdown gold mine, and discovery of additional high-grade gold and b ase metal deposits. King’s Point
provides Maritime with several new exploration targets . Earlier this year, Maritime defended a hostile takeover
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
attempt from Anaconda Mining Inc. Further information on King’s Point , including a NI 43-101 Technical Report, is
available at https://inominmines.com/projects/kings-point.
As reported May 16, 2018 , the option agreement enables Maritime to earn a 100% interest in King’s Point by
spending $600,000 in ex ploration, cash payments of $300,000 to Inomin, and issuing 2,000,000 Maritime common
shares to the Company, in accordance with the following schedule.
Date for Completion Payment Common Shares
to be issued
Expenditures
(cumulative)
On signing Option Agreement $25,000 -
Three (3) business days following
Approval Date*
500,000 -
1st anniversary of Approval Date $50,000 500,000 $75,000
2nd anniversary of Approval Date $100,000 500,000 $150,000
3rd anniversary of Approval Date $125,000 500,000 $375,000
TOTAL $300,000 2,000,000 $600,000
*The Approval Date is the date the Option Agreement is accepted for filing by the TSX Venture Exchange.
Inomin will also receive a 1% NSR which can be purchased from the Company for $500,000. The project also has an
underlying NSR of 2.5% of which 1.5% can be purchased for $1,000,000.
John Gomez, president of MINE states, “Our deal with Maritime enables significantly more exploration at King’s Point
and the benefit of Maritime’s geological expertise in the area. We expect Maritime’s work will unlock the property’s
mineral potential. With King’s Point in good hands, we can focus on other mineral project opportunities to create
shareholder value.”
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About Inomin Mines
Inomin Mines is engaged in the identification, exploration and development of mineral properties. The Company holds
a 100% interest in the Fleetwood zinc-copper VMS project in British Columbia, and the King’s Point gold-copper-zinc
project in Newfoundland under option to Maritime Resources Corp. (TSX.V MAE). Inomin trades on the TSX Venture
Exchange with the sym bol MINE. For more information visit www.inominmines.com and join us on Twitter
@InominMines.
Company Director Bruce Winfield P.Geo, a qualified person as defined by NI 43 -101, has reviewed and approved the
technical information in this news release.
On behalf of the board of Inomin Mines:
Inomin Mines Inc.
Per: “John Gomez”
President and CEO
For more information contact:
John Gomez
Tel. 604.566.8703
Neither TSX Venture Exchange nor its Reg ulation 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. This news release may contain assumptions,
estimates, and other forward -looking statements regarding future events. Such forward -looking statements involve inherent risks
and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or
performance to differ materially from those currently anticipated in such statements.