Clarification of March 21, 2019
3707‐1111 Alberni Street, Vancouver, British Columbia V6E 0A8
News Release
CLARIFICATION OF NEWS RELEASE DATED MARCH 21, 2019, “DELREY
ANNOUNCES SIGNING OF TERM SHEET ON THE FOUR CORNERS
VANADIUM‐IRON‐TITANIUM PROJECT IN NEWFOUNDLAND”
March 22, 2019 CSE:DLRY | FSE:1OZ | US:DLRYF
DELREY METALS CORP. (CSE:DLRY, FSE:1OZ, US:DLRYF) (“Delrey” or the “Company”) announces that, as
a result of a review by the Investment Industry Regulatory Organization of Canada, the Company wishes
to clarify certain disclosures made in its previously disseminated March 21, 2019 news release (the
“News Release”). Specifically, the Company wishes to clarify that:
The Company wishes to retract any and all reference to the “potential excess of 10 billion
tonnes of mineralized rock” on the Four Corners project (the “Project”); and
In regards to the representative samples quoted in the News Release pertaining to mineralized
strike length assays of >40% Fe, 5% Ti, and 0.30% V205 with individual assays returning as high as
56.92% Fe, 15.13% Ti, and 0.39% V205, the Company wishes to state, in accordance with
National Instrument 43‐101 ‐ Standards of Disclosure for Mineral Projects (“NI 43‐101”) Section
3.3(2), these are “select samples” from the Project and are not “representative” in nature at this
time. Further exploration work needs to been done in order to consider these samples as being
representative.
All analyses undertaken for Four Corners Mining Corporation/Triple Nine Resources Ltd. and its
predecessor prospectors in connection with the Project prior to December, 2009 were conducted by
Eastern Analytical Ltd. (“Eastern Analytical”) in Springdale, Newfoundland and Labrador. Those
performed after December, 2009 were conducted by Activation Laboratories Ltd. (“Act Labs”) of
Ancaster, ON.
Scott Dorion, P.Geo., the designated Qualified Person of the Company as defined by NI 43‐101, is unable
comment on the data verification. No independent verification of the geochemical data, through the
submission of duplicates and/or blanks, was carried out on the whole rock samples. Samples were only
shipped to and analysed by Eastern Analytical (December, 2009 and before) or to Act Labs (from 2010
onward). Data verification for the geophysical survey rests with Atlantic Geophysics and Fugro Airborne
Surveys.
About Delrey
Delrey is a mineral exploration company focused on the acquisition, exploration and development of
mineral resource properties, specifically in the strategic energy minerals space. The Company has an
option agreement to purchase a 100% interest in the highly prospective Sunset property located in the
Vancouver Mining Division and near Pemberton, British Columbia. The Company has also recently
acquired the 6,740 hectare Star and Porcher Vanadium properties and the 2,714 hectare Peneece and
Blackie properties located in north‐western British Columbia. Delrey will continue to review and acquire
projects showing potential for materials used in the energy storage and electric vehicle markets. The
Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “DLRY”.
Qualified person
Scott Dorion, P.Geo., is the designated Qualified Person of the Company as defined by NI 43‐101 and has
reviewed and approved the technical information contained in this release.
ON BEHALF OF THE BOARD OF DIRECTORS OF
DELREY METALS CORP.
“Morgan Good”
Morgan Good
President and Chief Executive Officer
For more information regarding this news release, please contact:
Morgan Good, CEO and Director
T: 604‐620‐8904
W: www.delreymetals.com
Cautionary Note Regarding Forward‐Looking Statements
Certain statements contained in this news release, constitute “forward‐looking information” as such term is used in
applicable Canadian securities laws. Forward‐looking information is based on plans, expectations and estimates of
management at the date the information is provided and is subject to certain factors and assumptions, including,
but are not limited to, general business and economic uncertainties. Forward‐looking information is subject to a
variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary
materially from those projected in such forward‐looking information. Factors that could cause the forward‐looking
information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of
the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned
work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks
associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility
that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties
applicable to mineral exploration and development activities and to the Company as set forth in the Company’s
Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be
no assurance that any forward‐looking information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward‐looking information or statements. The Company undertakes no obligation to update
forward‐looking information or statements, other than as required by applicable law.
Historical information contained in this news release cannot be relied upon as the Company’s Qualified Person, as
defined under NI 43‐101 has not prepared nor verified the historical information.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts
responsibility for the adequacy or accuracy of this release.