Receipt of Initial Payment Under Definitive Agreement FOR Option of Interest IN Mohave GOLD Project
Suite 2310 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
November 5, 2020
RECEIPT OF INITIAL PAYMENT UNDER DEFINITIVE AGREEMENT FOR OPTION OF
INTEREST IN MOHAVE GOLD PROJECT
M3 Metals Corp. (TSX-V: MT; FSE: XOVN.F) (“M3 Metals” or the “Company”) is pleased to announce
that it has received an initial payment of CDN$300,000 under the terms and conditions of a definitive
mineral property option agreement (the "Definitive Agreement" as that term is defined below).
The Company previously announced on July 13, 2020 that it had entered into a definitive mineral
property option agreement dated effective July 4, 2020 (the "Definitive Agreement"). The Definitive
Agreement is a mineral property option agreement whereby ML Nevada Corp. ("M3 Metals Nevada"), a
wholly owned Nevada incorporated subsidiary of the Company, granted to Huffington Capital Corp.
("Huffington") an option to acquire up to a 90% interest in a mineral property option and purchase
agreement concerning the Company's Mohave Gold Project.
The terms and conditions of the Definitive Agreement remain as disclosed in the July 13, 2020 news
release (and can be referenced by reviewing that news release) save and except that a CDN$400,000
payment to the Company due to be made by Huffington on the fifteen month anniversary of the
Definitive Agreement has been changed to the eighteen month anniversary of the Definitive Agreement.
On Tuesday, November 10, 2020 Huffington will complete a name change and begin trading on the TSX
Venture Exchange as a Tier II Issuer under the symbol "BMG" and the new corporate name "Black
Mountain Gold USA Corp.". Future references, if any, in the Company's disclosure to Black Mountain
Gold USA Corp. are references to Huffington.
ABOUT M3 METALS CORP.
M3 Metals Corp. is a Canadian listed company, focused on creating shareholder value through discoveries
and strategic development of mineral properties in North America. For additional information please visit
M3 Metals website at www.m3metalscorp.com. You may also email [email protected] or call
investor relations at (604) 669-2279.
M3 METALS CORP.
“Adrian Smith”
Adrian Smith, President
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.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform
Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”,
Suite 2310 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
“target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These
forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity,
reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral
properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties
or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company’s current
views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by
the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.
Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and
does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.