First Vanadium Corp. Announces Reduction of Royalty by Repurchasing 1.5% of NSR on Carlin Vanadium Project, Nevada
First Vanadium Corp. Announces Reduction of Royalty by Repurchasing 1.5% of NSR on Carlin
Vanadium Project, Nevada
November 30, 2018 ‐ Vancouver, British Columbia – First Vanadium Corp. (formerly Cornerstone
Metals Inc.) (TSX‐V: FVAN) (OTCQX®: FVANF) (FSE: 1PY) ( “First Vanadium” o r t h e “Company”) i s
pleased to announce that it has negotiated the purchase of a 1. 5% NSR attached to its Carlin Vanadium
property in consideration for which it will issue 1,300,000 com mon shares of the Company to the owner
of the NSR. The shares, when issued, will be subject to a hold period expiring four months plus a day
after the date of their issuances in compliance with Canadian securities laws. The completion of this
purchase is subject to TSX Venture Exchange acceptance.
Paul Cowley, President of the Company, stated: “This is a unique opportunity for us at this time to
extinguish a 1.5% NSR on the Carlin Vanadium Property and assoc iated advanced royalty payments, all
at a deep discount of roughly 67% to the original US$3 million buy‐back price established for this NSR.
This preserves and focuses our treasury on advancing the projec t. Upon completion of this transaction,
only a 2% NSR will remain attached to the property, with the Co mpany retaining the rights to purchase
the remaining NSR for US$4 million.”
About First Vanadium Corp.
First Vanadium (formerly Cornerstone Metals Inc.) has an option t o e ar n a 1 00% i n t e r e st i n t h e Car l i n
Vanadium Project, located in Elko County 6 miles south from the town of Carlin, Nevada on Highway I‐
80. The Carlin Vanadium Project hosts the Carlin Vanadium Depos it which is flat to shallow dipping and
at shallow depths, 0‐60 m (0‐200 ft) below surface.
ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(604) 340‐7711
www.firstvanadium.com
Neither 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 information
Certain statements in this news release constitute "forward‐looking" statements. These statements relate to future events or the Company's
future performance and include the Company's completion of the acquisition of a 1.5% NSR attached to the Carlin Vanadium proje ct. All such
statements involve substantial known and unknown risks, uncerta inties and other factors which may cause the actual results to vary from those
expressed or implied by such forward‐looking statements. Forward‐looking statements involve significant risks and uncertainties, they should
not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether o r not such results
will be achieved. Actual results could differ materially from t hose anticipated due to a number of factors and risks. Although the forward‐looking
statements contained in this news release are based upon what m anagement of the Company believes are reasonable assumptions on the date
of this news release, the Company cannot assure investors that actual results will be consistent with these forward‐looking statements. The
forward‐looking statements contained in this press release are made as of the date hereof and the Company disclaims any intent ion or
obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise, except as
required under applicable securities regulations.