Mosaic closed Gaboury Option Agreement
MOSAIC MINERALS CLOSES GABOURY PROPERTY OPTION
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Montreal Quebec, May 1 7, 2021 – The management of Mosaic Minerals Corp. (“Mosaic” or the
“Company”) (CSE: MOC) announces:
Gaboury Nickel-Copper-Gold Property Option Closed
Further to Mosa ic’s news release of May 12, 2017 the Option Agreement with Fokus Mining
Corporation (“Fokus”) providing for an earn-in of up to 80% interest in 82 mining claim cells totalling
4,282 hectares near the Rouyn Noranda mining camp and known as the Gaboury Project in North-
Western Quebec has closed.
Pursuant to the May 12, 2021 Earn-in Option Agreement Mosaic may earn up to an 80% interest in the
Gaboury Property by issuing to 3,000,000 shares to F okus and incurring $3,500,000 of exploration
expenditures by June 30, 2129. ( For more complete details see June 12, 2021 news release ). The
3,000,000 shares were issued May 14, 2021.
About Mosaic Minerals Corporation
Mosaic Minerals Corp. is a Canadian mineral exploration company listed on the Canadian Security
Exchange (CSE: MOC) now focusing on the exploration for future strategic Copper-Nickel-Zinc deposits
in priority on the Quebec Province territory which have a long and successful history of base metal
production principally in the Rouyn -Noranda, Matagami, Vald’Or and Chibougamau mining camps.
Exploring for base metal was put on hold a few decades ago to the profit of exploring for gold but the
potential for discovering large Cu, Zn, Ni deposits is still very present.
On Behalf of the Board
M. Guy Morissette
President & CEO
Contact: Guy Morissette at 1-514-531-8129
www.mosaicminerals.ca
This release contains certain "forward -looking information" under applicable Canadian securities laws concerning the Arrangement. Forward -looking
information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases
forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate",
"projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Assumptions upon which such
forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement
will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the
control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially
from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects
and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel,
aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative
instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining ta x regimes; ability to successfully
integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical
difficulties in connection with mining or development activities; laws and regulations governing the protection of the enviro nment; employee relations;
availability and increasing costs as sociated with mining inputs and labour; the speculative nature of exploration and development; contests over title to
properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining b usiness. Risks and unknowns
inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and op erating costs of such projects,
and the future prices for the relevant minerals.
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.