Pacific Empire Monetizes Stars Copper Property and Acquires 2% NSR Royalty
Pacific Empire Minerals Corp. | Suite 501 - 543 Granville Street, Vancouver BC, Canada V6C 1X8
Telephone: 604-669-0660 Facsimile: 604-688-1157
LEGAL_1:70177750.2
Pacific Empire Monetizes Stars Copper Property
and Acquires 2% NSR Royalty
September 27, 20 21 - Vancouver, BC, Canada - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB:
PEMSF) (“Pacific Empire”, “PEMC” or the “Company”), a British Columbia copper explorer, is pleased to report
that it has signed a purchase and sale agreement (the “Purchase Agreement”) with Aurwest Resources Corporation
(“Aurwest”) to sell the Company’s 50% interest in the Stars Property, a copper porphyry project, covering 2,136
hectares contiguous to Aurwest’s Stellar Property in central British Columbia.
“We are pleased to have been granted a 2% NSR on the Stars property in addition to receiving a cash payment that
strengthens our treasury,” commented Brad Peters, President and CEO of Pacific Empire. “This allows PEMC
to retain a significant interest in the Stars property while we focus on our flagship Jean Marie Property . PEMC
acquired a 50% interest in the Stars property in 2017 for $15,000 and since that time the property has seen partner-
funded exploration that included airborne magnetics and 6,883 metres of diamond drilling highlighted by 204
metres grading 0.45% Cu, 0.045 g/t Au, 1.64 g/t Ag, 0.0048% Mo in hole DD18SS004. Aurwest is a well -funded
junior explorer, and we look forward their success as they advance the Stars property.”
Acquisition Terms
PEMC has agreed to sell its 50% interest in the Stars Property by way of the Purchase Agreement. Terms of the
transaction included a purchase price payable to PEMC consisting of a cash payment of C$350,000 and the grant
to PEMC of a 2% net smelter return royalty (the “NSR”) on all minerals produced from the Stars Property. Aurwest
shall have the right to repurchase at any time one per cent of the NSR (1.0%) for consideration of C$1,000,000. The
transaction contemplated by the Purchase Agreement is expected to close on September 30, 2021 and is subject to
customary closing conditions and approvals.
The Stars Property
The Stars Property consists of three mineral tenures (2,136 ha), located in the Omineca Mining District, located
approximately 65 km southwest of Houston, British Columbia. The Property is located at UTM coordinates 612,900
mE and 6,010,400 mN, on NTS map sheet 093L / 03 and can be accessed by all-season forest roads, including the
Chisholm Mainline FSR, which runs directly through the southern portion of the Property.
The area comprising and surrounding the Stars property has been explored intermittently since the early 1970’s.
Historical exploration consisted of mapping, sampling, prospecting, airborne and ground magnetic surveys, Induced
Polarization surveys, and several reverse circulation and diamond drilling programs.
Qualified Person
Thomas Hawkins, P.Geo., Vice President of Exploration for the Company, serves as a qualified person as defined
by NI 43-101 and has reviewed the scientific and technical information in this news release, approving the disclosure
herein.
Pacific Empire Minerals Corp. | Suite 501 - 543 Granville Street, Vancouver BC, Canada V6C 1X8
Telephone: 604-669-0660 Facsimile: 604-688-1157
LEGAL_1:70177750.2
About Pacific Empire
Pacific Empire is a copper exploration company based in Vancouver, British Columbia and trades on the TSX
Venture Exchange under the symbol PEMC. The Company’s strong portfolio of gold-enriched copper projects in
British Columbia, is the culmination of perseverance through one of the longest bear markets in the resource
industry.
British Columbia is a “Green” copper jurisdiction with abundant hydroelectric power, access and infrastructure in
close proximity to the end market.
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 rele ase.
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", "s hould", or "will" be taken or
occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, wit hout
limitation: Aurwest shall have the right to repurchase at any time one per cent of the NSR (1.0% ) for consideration of
C$1,000,000. The transaction contemplated by the Purchase Agreement is expected to close on September 30, 2021 and is
subject to customary closing conditions and approvals , are forward -looking statements. By their nature, forward -looking
statements involve known and unknown risks, uncertainties and 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 management'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 o pinions or other circumstances should change, except as required by applicable securities laws.
Investors are cautioned against attributing undue certainty to forward -looking statements.