NGEx Drills 51.50m at 4.37% Cu and 10.42 g/t Au (12.26% CuEq), including 21.50m at 8.71% Cu and 23.81 g/t Au (26.68% CuEq), and 27.40m at 7.80% Cu and 23.17 g/t Au (25.19% CuEq) at Lunahuasi
NGEx Minerals Ltd.
2800 – 1055 Dunsmuir Street
Vancouver BC, Canada V7X 1L2
T +1 604 689 7842
F +1 604 689 4250
NGEXminerals.com
NGEx Drills 51.50m at 4.37% Cu and 10.42 g/t Au (12.26% CuEq), including 21.50m at
8.71% Cu and 23.81 g/t Au (26.68% CuEq), and 27.40m at 7.80% Cu and 23.17 g/t Au
(25.19% CuEq) at Lunahuasi
March 13, 202 5, Vancouver, British Columbia – NGEx Minerals Ltd. (“NGEx”, “NGEx Minerals” or the
“Company”) (TSX: NGEX; OTCQX: NGXXF) is pleased to provide the fourth update on its ongoing Phase 3 drill
program at the 100% owned Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. Eight drill
rigs are now turning at Lunahuasi with eleven holes completed and 16,433m drilled.
Highlights:
• Drillhole DPDH031 intersected:
o 31.65m at 8.14% copper equivalent (“CuEq”) (including 8.56 g/t Au) from 128.9m, including:
▪ 13.00m at 15.30% CuEq (including 16.56 g/t Au) from 133.00m
• Drillhole DPDH032 intersected:
o 27.40m at 25.19% CuEq (including 23.17 g/t Au) from 461.00m, including:
▪ 8.60m at 15.80% Cu, 69.82 g/t Au and 127.4 g/t Ag from 476.50m
▪ CuEq was not reported for this interval as two samples returned >100% CuEq
• Drillhole DPDH033 intersected:
o 16.25m at 6.79% CuEq from 353.00m, including:
▪ 4.00m at 16.39% CuEq from 353.00m, plus
o 23.00m at 4.49% CuEq from 407.00m
• Drillhole DPDH035 intersected:
o 51.5m at 12.26% CuEq (including 10.42 g/t Au) from 222.00m, including:
▪ 21.50m at 26.68% CuEq (including 23.81 g/t Au) from 224.70m
Wojtek Wodzicki, President and CEO, commented, “Our drilling program this year was planned around testing
the deposit at three ranges: short, medium and long. We have been very successful with the medium and long-
range testing – discovering additional high-grade mineralization in large gaps in the drill pattern and pushing
the boundaries of the deposit out to a minimum of 1,000m north-south by 1,000m east-west by 1,000m vertical.
This release highlight s the success with our short-range holes where we are starting to see good continuity,
predictability and scale around one of the thick, high -grade intersections from last year’s program. Today’s
results also continue to highlight the very high gold grades at Lunahuasi, which is turning out to be a very
significant gold deposit as well as high-grade copper deposit.
Short-range holes were planned to step out from the intersection in hole DPDH014 ( 23.0m @ 23.02 % CuEq;
14.68% Cu, 9.95 g/t Au, 123.1 g/t Ag) and we are now starting to test the size and geometry of this zone with
the intersections between 40m and 100m away in holes DPDH031 (13.0m@ 15.30% CuEq), DPDH032 (27.4m
@ 25.19% CuEq) and DPDH035 (21.5m @ 26.68% CuEq).
One of our key goals this year was to test the concept of a porphyry lying to the west of the Lunahuasi deposit
with long-range step out holes. We currently have one of these holes well underway (DPDH027 at 1,559m) and
another just starting (DPDH037 at 387m). A third hole, DPDH029, was stopped at a depth of 1,600m due to
technical difficulties. Full results for these holes will be released when complete assays are available.
We have accomplished most of our program goals already this year and still have a lot left to drill. We are
confident that our Phase 3 program will confirm Lunahuasi as one of the best discoveries in recent years and
demonstrate that it has clear potential to develop into something well beyond what we have seen so far.”
This news release includes partial results for six holes (DPDH030, DPDH031, DPDH032, DPDH033, DPDH034
and DPDH035). Highlighted intersections, including individual metal grades and estimated true widths , are
shown in Table 1. Updated drill program progress and collar locations are shown in Table 3 and a summary of
all Phase 3 assay intervals by news release date is included in Table 4.
Table 1: Significant Intersections
Hole ID From To Length (m)
Estimated
True Width
(m)
Cu % Au g/t Ag g/t CuEq %
DPDH030 240.00 240.90 0.90 0.5 10.72 9.44 86.0 18.36
plus 383.20 396.60 13.40 7.1 3.29 0.71 23.5 4.01
incl 388.90 391.00 2.10 1.1 12.66 2.07 107.6 15.11
plus 471.70 472.50 0.80 0.4 13.23 1.47 120.0 15.35
plus 486.00 487.00 1.00 0.5 4.91 5.87 36.0 9.51
DPDH031 128.90 160.55 31.65 22 1.68 8.56 24.9 8.14
incl 133.00 146.00 13.00 9.0 2.92 16.56 35.0 15.30
plus 382.00 394.20 12.20 8.4 0.92 1.41 19.0 2.12
plus 417.80 421.50 3.70 2.6 3.15 2.53 112.7 5.98
plus 461.20 464.40 3.20 2.2 4.67 1.51 30.6 6.04
plus 525.00 529.55 4.55 3.1 5.59 1.03 55.9 6.83
plus 567.80 570.00 2.20 1.5 4.72 0.94 81.6 6.12
plus 659.20 661.20 2.00 1.4 3.55 2.69 129.0 6.64
plus 706.00 712.00 6.00 4.1 1.14 1.55 9.3 2.36
plus 756.00 777.00 21.00 14 1.30 0.28 7.6 1.57
plus 803.30 805.20 1.90 1.3 6.41 0.60 49.2 7.28
plus 823.00 828.25 5.25 3.6 3.01 2.12 57.2 5.06
DPDH032 278.00 281.00 3.00 2.0 3.73 4.49 79.0 7.70
plus 383.40 396.30 12.90 8.5 1.25 1.09 18.0 2.20
incl 383.40 387.85 4.45 2.9 2.86 2.11 35.4 4.71
plus 411.00 415.00 4.00 2.6 3.28 1.79 40.0 4.93
plus 425.00 437.00 12.00 7.9 0.97 1.65 15.7 2.31
plus 461.00 488.40 27.40 18 7.80 23.17 55.9 25.19
incl 476.50 485.10 8.60 5.7 15.80 69.82 127.4 *
plus 534.60 541.00 6.40 4.2 1.07 2.05 8.8 2.64
plus 554.00 573.00 19.00 13 1.09 1.97 9.4 2.61
incl 563.00 567.00 4.00 2.6 2.23 4.16 17.0 5.41
DPDH033 139.70 155.00 15.30 9.5 1.42 1.18 15.0 2.42
plus 171.00 174.00 3.00 1.9 2.99 1.25 30.0 4.17
plus 267.70 273.00 5.30 3.3 2.07 1.39 28.4 3.33
plus 309.00 312.15 3.15 2.0 1.58 1.63 18.1 2.92
plus 353.00 369.25 16.25 10 5.05 1.87 42.5 6.79
incl 353.00 357.00 4.00 2.5 13.21 3.21 96.0 16.39
plus 407.00 430.00 23.00 14 2.34 2.51 35.6 4.49
plus 464.00 475.80 11.80 7.3 1.73 0.86 33.2 2.64
DPDH034 113.90 116.15 2.25 1.2 3.28 0.33 107.4 4.47
plus 157.00 161.30 4.30 2.2 1.02 1.04 29.5 2.04
plus 190.00 199.00 9.00 4.7 1.27 1.86 56.6 3.12
incl 190.00 193.30 3.30 1.7 2.04 3.10 76.5 4.98
plus 248.70 250.80 2.10 1.1 3.82 2.37 66.3 6.13
plus 269.00 271.60 2.60 1.4 2.26 1.55 42.9 3.77
plus 345.00 353.30 8.30 4.3 0.95 0.69 15.7 1.59
DPDH035 161.00 175.00 14.00 6.3 2.70 2.33 15.9 4.54
incl 170.00 175.00 5.00 2.3 6.53 3.75 34.9 9.58
plus 222.00 273.50 51.50 23 4.37 10.42 32.6 12.26
incl 224.70 246.20 21.50 9.7 8.71 23.81 69.5 26.68
and incl 267.50 273.50 6.00 2.7 4.65 2.27 17.8 6.46
*No CuEq calculated as two samples in this interval returned >100% CuEq
DPDH030 was collared from the same platform as DPDH014 and drilled at -53o towards 256o to test for an
extension to the high -grade zone in hole 14 to the south . The hole intersect ed several narrow, mineralized
structures as noted in the table above, including one at 240.00m which may correlate with the high-grade zone
(“HGZ”) in DPDH014, 32m to the north, based on its location and grade profile – especially the high gold value.
This hole was completed to a final depth of 502.90m and all assays have been reported.
DPDH031 was also collared on the DPDH014 platform and drilled at -46o towards the west to test the up-dip
extension of the HGZ. Eleven individual intersections across the 860m length of this hole highlight the number
of mineralized structures and the breadth of the mineralized zones at Lunahuasi . The HGZ was intersected at
128.90m, with the eastern contact 50m vertically above the HGZ eastern contact in hole 14 and the western
contact 90m above the equivalent in hole 14. This hole has been completed to a final depth of 860.00m and all
assays have been reported.
DPDH032 was collared on a new platform 416m west of DPDH014 and drilled towards the east at -52o to
intersect the HGZ near the hole 14 intersection but in the opposite direction in order to help understand the
geometry of the zone. Several structures were intersected corresponding to the up-dip extensions of multiple
mineralized structures drilled in several previous holes. The HGZ was intersected at 461m with one of the
highest-grade intersections yet drilled, including a 1.6 0m sample at 39.34% Cu and 81.80 g/t Au, a 1. 00m
sample at 5.29% Cu and 110.50 g/t Au and a 1.30m sample at 3.37% Cu and 180.00 g/t Au. DPDH032 crosses
the HGZ very close to the intersection in DPDH014 and confirms a sub-vertical orientation. This hole has been
completed to a final depth of 896.10m with assays reported to 573.00m.
DPDH033 was collared from the same platform as DPDH025 and angled to the north at 288o with a dip of -54o
to test for a northern extension to the mineralization in hole 25. This hole was successful in intersecting several
mineralized structures, extending the deposit to the north by up to 50m . The hole was completed to a final
depth of 1,235.00m and assays have been reported to a depth of 475.80m.
DPDH034 was collared from the same platform as DPDH02 8 and drilled towards the west at -57o degrees in
order to undercut hole 28 and test the down -dip extension of the structures intersected by it. Several
mineralized structures were intersected over the upper part of the hole as reported above, however assays
have not yet been received for the projection of the main zone in holes 28 and 22. This hole has been completed
to a final depth of 1,329.70m and assays have been reported to a depth of 353.30m.
DPDH035 was collared from the DPDH014 platform and drilled towards the west at a dip of -65o in order to
test the HGZ down-dip of the intersection in hole 14. A shallow intersection at 161.00m may represent a splay
to the main HGZ which was intersected starting at 222.00m and produced a very strong intersection including
the high gold grades characteristic of this zone. The centre of the intersection here is about 60m below the
intersection in DPDH014 and 115m vertically below the intersection in hole DPDH031 and the zone remains
completely open below it. This hole was completed to a final depth of 1,073.00m and assays have been
reported to a depth of 273.50m.
An interactive 3D visualization of drill results will be posted on the Company website shortly.
Discussion:
Short-range step out holes have successfully intersected the HGZ first intersected in hole DPDH014 last season.
Intersections into this zone are shown below:
Table 2: High-Grade Zone Intersections
Hole ID From (m) To (m) Length
(m)
Est True
Width (m) Cu % Au g/t Ag g/t CuEq %
DPDH007 74.00 112.00 38.00 22 4.49 4.76 45.3 8.35
incl 74.00 94.00 20.00 11 5.49 6.31 57.7 10.60
incl 91.80 94.00 2.20 1.3 6.54 35.07 60.4 32.65
and incl 101.55 112.00 10.45 10 5.73 4.98 53.3 9.83
DPDH014 171.15 243.00 71.85 37 5.79 4.70 46.9 9.63
incl 171.15 175.00 3.85 2.0 6.51 12.08 39.9 15.67
and incl 193.00 196.00 3.00 1.5 9.16 2.76 58.5 11.69
and incl 220.00 243.00 23.00 12 14.68 9.95 123.1 23.02
incl 231.70 241.10 9.40 4.8 27.68 14.13 242.4 40.12
DPDH024 139.75 152.00 12.25 6.2 9.36 18.16 84.7 23.35
incl 145.35 149.40 4.05 2.1 22.29 42.58 218.6 55.26
DPDH025 143.80 155.70 11.90 8.1 8.00 3.02 61.4 10.74
incl 150.00 153.50 3.50 2.4 14.80 4.76 116.7 19.29
DPDH031 128.90 160.55 31.65 22 1.68 8.56 24.9 8.14
incl 133.00 146.00 13.00 9.0 2.92 16.56 35.0 15.30
DPDH032 461.00 488.40 27.40 16 7.80 23.17 55.9 25.19
incl 476.50 485.10 8.60 5.2 15.80 69.82 127.4 *
DPDH035 222.00 273.50 51.50 23 4.37 10.42 32.6 12.26
incl 224.70 246.20 21.50 9.7 8.71 23.81 69.5 26.68
and incl 267.50 273.50 6.00 2.7 4.65 2.27 17.8 6.46
*No CuEq calculated as two samples in this interval returned >100% CuEq
Additional drilling is required to fully understand the geometry and extent of this zone, but the north -south
distance between DPDH025 and DPDH 035 is 70m and the dip extent between the s hallowest intersection
(DPDH025) and the deepest intersection (DPDH035) is 160m. The zone remains open for expansion in several
directions.
In addition to this zone, drilling so far has intersected several other significant intersections that suggest we
can expect to find multiple additional zones like this one within the deposit as we continue to drill. Examples
include previously released in tersections from DPDH028 over 51.1m from 464.3m (13.84% CuEq; 5.98% Cu,
9.70 g/t Au, 90.4 g/t Ag) located 370m southwest of the HGZ and the same hole over 53.5m from 1,219.5m
(7.79% CuEq; 5.64% Cu, 2.45 g/t Au, 41.1 g/t Ag) located over 1,000m west of the HGZ.
Drillholes DPDH027 and DPDH029 are long holes testing the concept of porphyry mineralization located to the
west of the main Lunahuasi deposit. Hole DPDH029 ended at 1,600m while DPDH027 is still drilling at a depth
of 1,559.3m and is intended to drill as deep as possible. Assays for the remaining parts of these holes will be
released once results for the entire holes are received.
Table 3: Drillhole Information
Hole ID UTM East UTM North Elev (masl) Azimuth Dip Length
Drilled (m) Status
DPDH024 439,190 6,856,224 4,634 282.87 -57.76 968.00 Complete
DPDH025 439,195 6,856,275 4,626 279.63 -44.45 1,303.50 Complete
DPDH026 439,404 6,856,207 4,607 267.15 -60.32 1,261.20 Complete
DPDH027 439,201 6,855,913 4,750 255.65 -46.10 1,559.30 In Progress
DPDH028 439,210 6,855,993 4,707 267.35 -53.00 1,600.40 Complete
DPDH029 439,238 6,855,900 4,744 229.22 -50.60 1,600.00 Complete
DPDH030 439,181 6,856,226 4,634 256.52 -53.14 502.90 Complete
DPDH031 439,181 6,856,239 4,634 269.17 -45.89 860.00 Complete
DPDH032 438,773 6,856,198 4,833 80.83 -52.19 896.10 Complete
DPDH033 439,197 6,856,274 4,626 287.62 -54.08 1,235.00 Complete
DPDH034 439,210 6,855,993 4,709 264.63 -57.31 1,329.20 Complete
DPDH035 439,190 6,856,234 4,633 270.00 -65.24 1,073.00 Complete
DPDH036 438,854 6,856,228 4,767 265.00 -55.00 869.70 In Progress
DPDH037 439,229 6,855,899 4,743 244.33 -50.86 387.00 In Progress
DPDH038 439,201 6,856,273 4,626 301.73 -48.95 416.00 In Progress
DPDH039 439,134 6,856,121 4,658 264.56 -45.08 477.00 In Progress
DPDH040 438,946 6,856,056 4,747 268.99 -46.11 94.50 In Progress
TOTAL 16,432.80
Table 4: Assay Intervals by News Release Date
Hole ID News Release
Dec. 18 2024
News Release
Jan. 21 2025
News Release
Feb.19 2025
News Release
Mar. 13 2025 Pending
DPDH024 0 - 394m 394m - 757m 757m - 968m - None
DPDH025 0 - 271m 271m - 652m 652m - 1303.8m - None
DPDH026 0 - 553m 553m - 1261.2m - None
DPDH027 0 - 459m 459.0m - 1075.1m - 1075.1m - end
DPDH028 0 - 588m 588m - 1530.7m - None
DPDH029 0m - 1060.0m - 1060.0m - end
DPDH030 0 - 502.9m None
DPDH031 0 - 860.0m None
DPDH032 0 - 573.0m 573.0m - 896.1m
DPDH033 0 - 475.8m 475.8m-1235.0m
DPDH034 0 - 353.3m 353.3m-1329.7m
DPDH035 0 - 273.5m 273.5m-1073.0m
Qualified Persons and Technical Notes
The scientific and technical disclosure included in this news release have been reviewed and approved by Bob
Carmichael, B.A.Sc., P.Eng. who is the Qualified Person as defined by NI 43 -101. Mr. Carmichael is Vice
President, Exploration for the Company.
Samples were cut at NGEx’s operations base in San Juan, Argentina by Company personnel. Diamond drill core
was sawed and then sampled in maximum 2-meter intervals, stopping at geological boundaries. Core diameter
is a mix of PQ, HQ and NQ depending on the depth of the drill hole. Samples were bagged, tagged and packaged
for shipment by truck to the ALS preparation laboratory in Mendoza, Argentina where they were crushed and
a 500g split was pulverized to 85% passing 200 mesh. The prepared sample splits were sent to the ALS assay
laboratory in either Lima, Peru or Santiago, Chile for copper, gold and silver assays, and multi-element ICP. ALS
is an accredited laboratory which is independent of the Company. Gold assays were by fire assay fusion with
AAS finish on a 30g sample. Copper and silver were assayed by atomic absorption following a 4-acid digestion.
Samples were also analyzed for a suite of 48 elements with ME-MS61 plus mercury. Copper and gold standards
as well as blanks and duplicates (field, preparati on, and analysis) were randomly inserted into the sampling
sequence for Quality Control. On average, 9% of the submitted samples are Quality Control samples. No data
quality problems were indicated by the QA/QC program.
Copper equivalent (CuEq) for drill intersections is calculated based on US$3.00/lb Cu, US$1,500/oz Au and
US$18/oz Ag, with 80% metallurgical recoveries assumed for all metals. The formula is: CuEq % = Cu % + (0.7292
* Au g/t) + (0.0088 * Ag g/t).
True widths are rounded to the nearest metre for widths over 10 m and to the nearest 0.1 m for widths less
than 10 m, as this better reflects the precision of the estimates. True widths should be regarded as approximate
as these are derived from an estimation that uses a preliminary interpretation of the geological model and are
subject to change as more information becomes available.
Assay composites are calculated based on a 2% CuEq cutoff with a maximum of 10 consecutive metres of waste
material included. Intervals are then reviewed and manually adjusted to reflect coherent geological intervals
where necessary.
Integration of core scanning into our core logging and geological interpretation processes is being implemented
to improve workflows for more routine tasks and to give geologists more time for targeting and interpretation.
About NGEx Minerals
NGEx Minerals is a copper and gold exploration company based in Canada, focused on exploration of the
Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold
project located approximately nine kilometres to the northeast in Chile’s Region III. Both projects are located
within the Vicuña District, which includes the Caserones mine, and the Josemaria and Filo del Sol deposits.
NGEx owns 100% of Lunahuasi and is the majority partner and operator for the Los Helados project, subject to
a Joint Exploration Agreement with Nippon Caserones Resources LLC, which is the indirect 30% owner of the
operating Caserones open pit copper mine located approximately 17 kilometres north of Los Helados. Lundin
Mining Corporation holds the remaining 70% stake in Caserones.
The Company’s common shares are listed on the TSX under the symbol "NGEX" and also trade on the OTCQX
under the symbol “NGXXF”. NGEx is part of the Lundin Group of Companies.
Additional information relating to NGEx may be obtained or viewed on SEDAR+ at www.sedarplus.ca.
For further information, please contact:
Finlay Heppenstall
VP, Corporate Development & Investor Relations
Tel: +1 (604) 806-3089
Additional Information
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts
responsibility for the adequacy or accuracy of this news release.
The information contained in this news release was accurate at the time of dissemination but may be
superseded by subsequent news release(s). The Company is under no obligation, nor does it intend to update
or revise the forward-looking information, whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein in the news release constitutes “forward-looking information”
and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward -looking
information”). A ll statements other than statements of historical facts included in this document constitute forward -
looking information, including but not limited to, statements regarding: the nature and timing of the work to be undertaken
to advance the Lunahuasi project, including actual metres that will be completed during the Company’s 2024/25 Phase 3
program and the Company’s ability to continue holes in -progress;; the potential for further discovery and/or extension of
mineralized zones at the Lunahuasi project; the timing of, and conclusions resulting from, an update to the geological
interpretation at Lunahuasi, including the Company’s ability to establish an Exploration Target, or the timing and/or results
thereof; and the Company’s ability to use information gathered from drilling to date to effectively target and drill in future
campaigns, including whether the timing and ultimate outcome of the Company’s efforts to locate the centre of the
Lunahuasi system are successful. Generally, this forward-looking information can frequently, but not always, be identified
by use of forward -looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts ", "intends", “projects”, “budgets”, “assumes”, “strategy”, “objectives”, “potential”,
“possible”, "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that
certain actions, events, conditions or results “will”, "may", "could", "would", “should”, "might" or "w ill be taken", "will
occur" or "will be achieved" or the negative connotations thereof.
Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation,
the expectations and beliefs of management with respect to the nature, scope and timing of the work to be undertaken to
advance the Lunahuasi Project. Although the Company believes that these factors and expectations are reasonable as at
the date of this document , in light of management’s experience and perception of current conditions and expected
developments, these statements are inherently subject to significant business, economic and competitive uncertainties and
contingencies. Known and unknown risks, uncerta inties and other factors may cause actual results or events to differ
materially from those anticipated in such forward -looking statements and undue reliance should not be placed on such
statements and information. Such factors include, without limitation: the emergence or intensification of infectious
diseases, such as COVID 19, and the risk that such an occurrence globally, or in the Company’s operating jurisdictions
and/or at its project sites in particular, could impact the Company’s ability to carry out the program and could cause the
program to be shut down; estimations of costs, and permitting time lines; ability to obtain environmental permits, surface
rights and property interests in a timely manner; currency exchange rate fluctuations; requirements for additional capital;
changes in the Company’s share price; changes to government regulation of mining activities; environmental r isks;
unanticipated reclamation or remediation expenses; title disputes or claims; limitations on insurance coverage,
fluctuations in the current price of and demand for commodities; material adverse changes in general business,
government and economic con ditions in the Company’s operating jurisdictions, particularly Argentina; the availability of
financing if and when needed on reasonable terms; risks related to material labour disputes, accidents, or failure of plant
or equipment; there may be other factors that cause results not to be as anticipated, estimated, or intended, including
those set out in the Co mpany’s annual information form and annual management discussion and analysis for the year
ended December 31, 2023 , which are available on the Company’s website and SEDAR+ at www.sedarplus.c a under the
Company’s profile.
The forward-looking information contained in this news release is based on information available to the Company as at
the date of this news release. Except as required under applicable securities legislation, the Company does not undertake
any obligation t o publicly update and/or revise any of the included forward -looking information, whether as a result of
additional information, future events and/or otherwise. Forward -looking information is provided for the purpose of
providing information about managemen t's current expectations and plans and allowing investors and others to get a
better understanding of the Company's operating environment. Although the Company has attempted to identify
important factors that would cause actual results to differ materially from those contained in forward-looking information,
there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance
that such statements will prove to be accurate, as actual results and future eve nts could differ materially from those
anticipated in such statements. All the forward -looking information contained in this document is qualified by these
cautionary statements. Readers are cautioned not to place undue reliance on forward -looking informat ion due to the
inherent uncertainty thereof.
Cautionary Note to U.S. Readers
Information concerning the mineral properties of the Company contained in this news release has been prepared in
accordance with the requirements of Canadian securities laws, which differ in material respects from the requirements of
securities laws of the United States applicable to U.S. companies subject to the reporting and disclosure requirements of
the United States Securities and Exchange Commission.