Eros Provides Corporate Update and Management Change
NEWS RELEASE
NR: 18-01
January 16, 2018
Eros Provides Corporate Update
and Management Change
Vancouver, BC ( January 16, 2018 ) Eros Resources Corp. (TSX.V: ERC) (“Eros” or the
“Company”) wish to provide an update regarding the Company’s focus and priorities.
The Board of Directors has recently renewed the Company’s resolve to focus on Canadian
resource investments, with priority given to advanced Canadian projects focused both in oil &
gas and minerals. The company currently holds over $3.4 million in cash, an equity portfolio
valued over $6.1 million, and has modest cash -flow from its share in three heavy -oil wells in
the Flaxcombe oil fields in Saskatchewan.
The Company also wishes to advise that Ron Stewart has resigned as President and Chief
Executive Officer of the Company to pursue other professional activities. We wish to thank
Mr. Stewart for the contributions he has made over the past year and wish him well in his
endeavours.
Ronald Netolitzky has been appo inted interim President and Chief Executive Officer until a
permanent appointment has been made.
About Eros
Eros Resources Corp. is a Canadian public company focused on the exploration and
development of resource projects in North America. Eros has as its prime business objective the
selection of strategic investments with a Canadian focus and a diverse commodit y base. The
Company’s expertise in the resource sector supports the selection of these strategic investments.
On behalf of the Board of Directors of
Eros Resources Corp.,
Tom MacNeill
Chairman of the Board of Directors
(604) 688-8115
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute “forward looking information” and
“forward looking statements” within the meaning of applicable Canadian and United States securit ies legislation,
including, among other things, this press release includes references to mineral resources and future potential
forecast economics of extracting those resources. There is no certainty that any portion of the resources will be
confirmed with greater certainty. If confirmed, there is no certainty that it will be commercially viable to extract
any portion of the resource. There is no certainty that access to the resource area will be re -established, and if
access to the resource area is blocke d for an extended period of time, or permanently, there is no certainty that
any compensation will be received by the Company. Forward -looking information involves known and unknown
risks, uncertainties and other factors that may cause actual results or ev ents to differ materially from those
expressed or implied by such forward -looking information, including the re -establishment of physical access to
the property, the availability of adequate and secure sources of funding to construct the extraction facilit ies
required to extract the mineral resources, prevailing commodity prices, the receipt of regulatory approvals,
environmental risks and the performance of personnel. While the Company considers its assumptions to be
reasonable as of the date hereof, forwa rd-looking statements and information are not guarantees of future
performance and readers should not place undue importance on such statements as actual events and results
may differ materially from those described herein. The Company does not undertake t o update any forward -
looking statements or information except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.