Pacific Empire Minerals Options Worldstock Property, South Central British Columbia
Pacific Empire Minerals Options Worldstock Property, South Central British
Columbia
May 29, 2019 - Vancouver, BC, Canada - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB:
PEMSF) (“Pacific Empire”, “PEMC” or the “Company”) , a hybrid prospect generator focused in British
Columbia is pleased to announce it has entered into an option agreement to acquire a 100% interest in the
Worldstock Property located 100 km north of New Gold’s New Afton Mine and 130 km north of Teck
Resources’ Highland Valley Mine in the Quesnel Terrane of south-central British Columbia.
About the Worldstock Property
Historical work conducted on the Worldstock Property identified favourable geology and outlined several
areas of anomalous copper and gold soil geochemistry, spatially associated with magnetic and induced
polarization anomalies. Limited historical diamond drilling, which predate s ground and airborne
geophysical surveys, intersected altered copper bearing porphyry dikes that returned up to 0.38% copper
over 10.4 m. Several attractive drill targets remain untested. The 1,730 hectare project is accessible by an
extensive network of forestry roads and is ideally suited for PEMC’s reverse circulation drill.
Details with respect to the consideration payable for the Worldstock Property acquisition are as follows:
Table 1. Option agreement terms.
Timing Cash Payments * PEMC common share
issuances
Upon signing $10,000 50,000
First anniversary of Effective Date $10,000 50,000
Second anniversary of Effective Date $15,000 100,000
Third anniversary of Effective Date $20,000 100,000
Fourth anniversary of Effective Date $30,000 300,000
TOTAL = $85,000 600,000
The vendor of the property will be granted a 2% net smelter royalty (“NSR”). The Company may, at any
time, purchase one half of the NSR Royalty, thereby reducing the NSR Royalty to a 1% net smelter returns
royalty, for $1,000,000.
* Dollar amounts expressed in Canadian dollars
This property acquisition remains subject to approval of the TSX Venture Exchange. Any securities issued
as consideration under this option agreement will be subject to a statutory hold period of four months and
one day from the date of issuance.
2
Qualified Person
Rory Ritchie, P.Geo., Vice President of Exploration for the Company, serves as a qualified person as
defined by National Instrument 43 -101 and has reviewed the scientific and technical information in this
news release, approving the disclosure herein.
About Pacific Empire Minerals Corp.
PEMC is an exploration company based in Vancouver, British Columbia, that employs a "hybrid prospect
generator" business model and trades on the TSX Venture Exchange under the symbol PEMC and on the
OTCQB Markets under the symbol PEMSF.
By integrating the project generator business model with low-cost reverse circulation drilling, the company
intends to leverage its portfolio by identifying, and focusing on, the highest quality projects for partnerships
and advancement.
ON BEHALF OF THE BOARD,
“Brad Peters”
President and Chief Executive Officer
Pacific Empire Minerals Corp.
Tel: +1-604-356-6246
www.pemcorp.ca
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.
Forward-Looking Statements
Information set forth in this news release may involve forward -looking statements under applicable
securities laws. Forward-looking statements are statements that relate to future, not past, events. In this
context, forward-looking statements often address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements
that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, included herein including, without
limitation, are forward-looking statements. By their nature, forward-looking statements involve known and
unknown risks, uncertainties a nd other factors which may cause our actual results, performance or
achievements, or other future events, to be materially different from any future results, performance or
achievements expressed or implied by such forward -looking statements. Such factors include, among
others, the following risks: the need for additional financing; operational risks associated with mineral
exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance;
reliance on key personnel; the potential for conflicts of interest among certain officers, directors or
promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our
common share price and volume and the additional risks identified the management discussion and analysis
section of our interim and most recent annual financial statement or other reports and filings with the TSX
Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made
based on ma nagement's beliefs, estimates and opinions on the date that statements are made, and the
Company undertakes no obligation to update forward -looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required by applicable securities laws. Investors
are cautioned against attributing undue certainty to forward-looking statements.