Corporate Update
CORPORATE UPDATE
FOR IMMEDIATE RELEASE
May 21, 2019, Toronto, Ontario: Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the
“Company”) is pleased to announce that it has staked 550 hectares resulting in the acquisition
of a 22-claim property contiguous to the south of its Baillarge Property. The new claims are
located adjacent to paved highway 111 and are approximately 30 kms from the town of Val
d'Or, Quebec and they surround the site of th e former producing La Corne molybdenum mine.
The La Corne mine was operated intermittently by Molybdia Corporation Limited from 1951 to
1972 as an underground mine. Total production during this period was 3,838,844 tons of raw
material at a head grade of 0.33% MoS2 (6.6 lbs/ton) and 0.040% bismuth (0.80 lbs/ton)
(Source MRNFQ Report DPV 619).
Dr. Andreas Rompel Appointed to Board of Directors
The Company is also pleased to announce the appointment of Dr. Andreas Rompel to the board
of directors, effective immediately.
Dr. Rompel is a seasoned exploration professional with three decades of exploration experience
in a wide range of roles from VP Exploratio n and Project Manager to Country Manager and
Corporate Development. Most recently, Dr. Rompel was the President & CEO of Cobalt Power
Group. Dr. Rompel has also worked in a variety of commodities, including precious metals and
base metals as well as coking coal and cobalt. For more than a decade Dr. Rompel evaluated
capital projects within Anglo American and was on the board of Spectrem (an Anglo-American
Company) as Technical Director. He has worked in many countries on several continents and
has well developed multi-linguistic skills.
Aurbel Processing Plant Memorandum of Understanding
In addition, the Company announced that it has signed a non-binding memorandum of
understanding (“MOU”) with QMX Gold Corporation (“QMX) that is expected to facilitate
Jourdan’s investigation into the economic and technical viability of producing lithium from its
100% owed Vallee Lithium project located near and adjacent to the producing North American
Lithium mine and mill (the “Property”). Upon completion of a technical assessment and
satisfactory due diligence, Jourdan and QMX int end to enter into a definitive agreement to
process raw materials from the Property at QMX’s Aurbel processing plant (the “Plant”), located
in Val d’Or, Quebec.
Pursuant to the MOU, if, as a result of the technical assessment, Jourdan concludes that the
Plant requires capital improvements to effectively process its future raw materials, Jourdan
expects to bear any such corresponding costs. If QMX is satisfied with its due diligence of
Jourdan, Jourdan expects QMX to install, at its own expense, a suitable truck weighing scale at
or near the Plant.
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Jourdan’s President and CEO, Dr. Andreas Rompel, commented “We are excited about the
memorandum of understanding as we view it as one step towards enabling us to process our
future raw materials. The Aurbel plant is within 30km of our Property and we believe it is
particularly well-equipped for our purposes; any required modifications will be of a relatively
minor nature. Hence, we believe this represents a positive development towards our
objectives”.
Additional Information
On July 17, 2018, Jourdan announced that it had extracted 50 tonnes of spodumene-rich
material from the Property. This material was subsequently crushed to minus ¾ inch and stored
in 1 tonne sacks.
40 tonnes of the bulk sample are at the Process Research Ortech (“PRO”) in Mississauga,
Ontario, where it will be upgraded by flotation to make a concentrate. Previous work by PRO on
drill core samples from the Property returned a concentrate of more than 5% Li 2O (previously
announced on November 6, 2014).
Photos and videos of the blast area and crushing are in the Gallery on the Company’s website.
Previously reported (October 2, 2017) lithium drill results from the Valle Lithium Project include:
from the 1955 drilling program: 4.88m @ 1.38% Li 2O in hole VS-12, 4.06m @ 0.93%
Li2O in hole VS-12, 3.97m @ 1.30% Li 2O in hole VS-10, 2.59m @ 0.75% Li 2O in hole
VS-6 and 1.68m @ 0.67% Li2O in hole VS-7.
from the 1952-53 drilling program: 3.17m @ 50% Spodumene in hole SB-33, 2.99m @
15% Spodumene as well as Lepidolite in hole SB-50, and 2.81m @ 20% Spodumene in
hole SB-52.
from the 2011 drilling: 6.95m @ 0.88% Li2O and 5.50m @ 1.19% Li 2O in holes VAL11-
20, 5.00m @ 0.85% Li 2O in hole VAL11-11, 5.80m @ 1.08% Li 2O and 5.42m @ 0.81%
Li2O and 4.63m @ 1.03% Li 2O in hole VAL11-17, 6.33m @ 0.86% Li 2O in hole VAL11-
13, 6.84m @ 0.64% Li2O in hole VAL11-07.
Qualified Person
The technical and scientific information in this press release has been reviewed and approved
by Mélanie Pichon, P.Geo., who is a Qualified Person as defined by National Instrument 43-
101.
About Jourdan Resources:
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the
symbol JOR on the TSX Venture Exchange and 2JR1 on the Frankfurt Stock Exchange. The
Company is focused on the acquisition, exploration, production, and development of mining
properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-
bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing
Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited
(CATL), China’s largest automotive battery manufacturer.
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Please visit the Company’s website at http://jourdanresources.com.
For further information please contact
Dr. Andreas Rompel
President and CEO
FSAIMM / Pr.Sci.Nat.
Tel (416) 861-2272
Michael Dehn
VP Exploration
Tel: (647) 477-2382
FORWARD LOOKING STATEMENTS:
This press release contains “forward-looking information” within the meaning of applicable Canadian
securities legislation. Forward-looking inform ation includes, but is not limited to, statements
regarding the projected economics of its projec ts, the Company’s understanding of its projects,
success of exploration activities, statements with respect to the development potential and timetable
of its projects and Jourdan, and estimation of mineral resource s. Generally, forward-looking
information can be identified by t he use of forward-looking terminology such as “plans”, “expects” or
“does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate”, or “believes”, or variat ions of such words and phrases or
statements that certain ac tions, events or results “may”, “could”, “would”, “might” or “will be taken”,
“occur” or “be achieved”. Forward-looking inform ation is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or
achievements of Jourdan to be materially different from those expressed or implied by such
forward-looking information, in cluding but not limited to: receip t of necessary approvals; general
business, economic, competitive, po litical and social uncertainties; fu ture prices of mineral prices;
accidents, labour disputes and s hortages and other risks of the mi ning industry. Although Jourdan
has attempted to identify important factors that could caus e actual results to differ materially from
those contained in forward- looking information, ther e may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that such information will prove
to be accurate, as actual result s and future events could differ mate rially from those anticipated in
such statements. Accordingly, readers shoul d not place undue reliance on forward-looking
information. Jourdan does not u ndertake to update any forward-l ooking information, except in
accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR IT S REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICI ES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.