Surge Exploration 2020 Plans Include a Focus on BC Gold
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945‐2656
NEWS RELEASE
Surge Exploration 2020 Plans Include a Focus on BC Gold
January 8, 2020 – Vancouver, British Columbia; – Surge Exploration Inc. (“the Company” or
“Surge”) TSX-V: SUR, OTCQB: SURJF, FRA: DJ5C) would like to provide its shareholders with
additional information regarding the history and current status of the company, as well as, its
proposed operating plan for 2020.
LETTER FROM THE PRESIDENT
TO OUR SHAREHOLDERS AND PARTNERS:
The Company reports that it has received $444,000 in proceeds from the exercise of 11,100,000
warrants from its shareholders since January, 2019.
“We are very happy that our shareholders continue to support our company and its exploration
programs in Canada” comments Mr. Tim Fernback, President & CEO of Surge. “The funds that we
have received recently will go towards our various exploration programs in Canada.
Over the course of 2019, the Company has announced several key initiatives that have resulted in the
Company becoming a land bank of key gold, copper and cobalt mineral exploration properties in
Canada. With the announcement of the refocusing of the Company on April 23, 2019 , Surge and its
management team have added several key mineral exploration properties in British Columbia
Canada, namely the polymetallic silver‐copper‐lead‐zinc Caledonia and Silver Skarn Properties
(Northern Vancouver Island, BC), the gold‐copper Trapper Lake Properties (Golden Triangle, BC), to
complement our existing Ontario cobalt properties, Teledyne and Glencore Bucke.
Caledonia and Silver Skarn Properties (Vancouver Island, BC)
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Trapper Lake Properties (Golden Triangle / Northwest BC)
Ontario Cobalt Properties – Teledyne and Glencore Bucke (Cobalt, ON)
Mr. Tim Fernback, Surge President & CEO, comments “Given the direction of the cobalt commodity
markets lately hovering at what we regard as low commodity prices of US$12‐15/lb, the Company
has decided in early 2019 to refocus our resources on good quality Canadian copper, gold and silver
properties. Management and the Board both agree that this effort should provide the biggest
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opportunity for Surge shareholders going forward. In particular, we have decided to focus our
resources on the ability of the Company to operate as a land bank, basically finding great properties
with the intention to either improve them with additional exploration, like we have done in Ontario
with our cobalt properties and what we plan to do with the polymetallic Caledonia & Silver Skarn
Properties, or selectively sell off these interests to larger mining exploration companies active in
the immediate area for a carried equity interest in these companies, such as what we have done at
Trapper Lake. We are very pleased to prove out our business model of finding great properties and
then selling them to strategic investors. This land bank concept has great economic potential for
our shareholders. By strategically selling these mineral claims to Brixton Metals, we become an
equity owner in Brixton going forward and this is a good win for our shareholders.”
“We are committed to acquire additional mineral claims in mining friendly British Columbia and
throughout great mining jurisdictions in Canada. The areas that we are interested in have already
generated several promising projects, and is the subject of significant interest and exploration
expenditure in 2019 and beyond by many prominent exploration companies such as Brixton Metals
Corp. Furthermore, these regions are host to numerous operating mines, good infrastructure
including experienced exploration and supporting services. Our exploration team believes that this
land package is strategically situated to exploit high copper‐gold‐silver values in Canada.”
“In 2019, the Mining Journal of London gave British Columbia the title of Least Risky Global Mining
Jurisdiction and the BC government has made some big infrastructure investments including a
CAD$736 million investment in power line transmission to the north and made permanent a popular
flow‐through tax benefit investment incentives which encourages significant investment in
exploration. The fact that large global mining companies like Newmont Goldcorp (NYSE: NEM) are
investing large $$ to buy into the Galore Creek Partnership with Tech Resources (TSE: TECK.B) and
Newcrest Mining Limited (ASX: NCM) has invested US$806.5 million to buy 70% of the Red Chris
Mine from Imperial Metals Corp (TSX: III) inside BC’s Golden Triangle.
Furthermore Mr. Fernback states “Long‐term, the Company believes in the market for cobalt and we
will continue to explore and develop our cobalt properties in Ontario. They are great and important
Company assets because of the predicted emergence of the overall Electric Vehicle (“EV”) market. An
EV like a Tesla Model S needs 51 lbs of cobalt for its battery. Cobalt is an essential component in a
lithium ion rechargeable battery, and this technology used in all sorts of desirable consumer items
such as cars, laptops, cell phones, appliances etc. EVs are expected to drive a large part of this
increased future metal demand. Globally EVs are projected to grow from a small number today to
140 million vehicles by the year 2035. China plans to ban the sale and production of gas powered
cars by the year 2040, as it grapples with ways to improve overall air quality and China is expected
to be the largest global market for EVs. As you can see the future for cobalt is certainly bright and
Surge management is extremely bullish on the future demand for this metal.”
We are now planning our 2020 Canadian exploration programs, and plan to both further enhance
and move our mineral exploration properties forward.
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Thank you for joining us on this journey, and we look forward to a great 2020.
Cheers,
Tim
Tim Fernback
President & CEO
Qualified Person
J.W. (Bill) Morton, professional geoscientist, a qualified person within the context of National
Instrument 43‐101, has reviewed this news release and concludes it correctly reflects information as
reported in the various news releases and assessment reports from which it was derived and
approves the scientific and technical disclosure cited in the news release.
About Surge Exploration Inc.
The Company is a Canadian‐based mineral exploration company which has been active in the
resource sector in British Columbia and elsewhere in Canada.
Vancouver Island Caledonia (Poly Metallic) Project, British Columbia
Surge Exploration Inc. has entered into a Property Option Agreement to acquire a 100% interest in
seven (7) mineral claims known as the Caledonia, Cascade and Bluebell, subject to a NSR between
1‐2%. Located in the Nanaimo Mining District of northern Vancouver Island, the claims are adjacent
to the joint venture partnership between Freeport-McMoRan and Northisle Copper and Gold
Inc. Under the terms of this joint venture partnership agreement, Freeport-McMoRan can earn up
to a 65% with C$24 million in exploration expenditures over seven years. Freeport-McMoRan is
currently one of the world’s largest copper producers.
Ontario Cobalt Properties (Cobalt) Ontario
The Company has an option to earn an undivided 60% interest in the Glencore Bucke Property and
the Teledyne Property, located in Cobalt, Ontario Canada.
On Behalf of the Board of Directors
“Tim Fernback”
Tim Fernback
President & CEO
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 forward‐looking statements which include, but are not limited to, comments that involve future events and
conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments
that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral
property titles, availability of funds, and others are forward‐looking. Forward‐looking statements are not guarantees
of future performance and actual results may vary materially from those statements. General business conditions are
factors that could cause actual results to vary materially from forward‐looking statements.