Jiulian Resources Announces Conditional Acceptance on Fundamental Acquisition
{02513528;2}
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
News Release
Jiulian Resources Announces Conditional Acceptance on Fundamental Acquisition
September 3, 2020 TSX-V: JLR
JIULIAN RESOURCES INC. (TSX-V: JLR) (“Jiulian” or the “ Company“) is pleased to announce that it has
received conditional acceptance from the TSX Venture Exchange (the “ Exchange”) in respect of its
previously announced acquisition of the Pedra Branca Project in Brazil (the “Project”) pursuant to the
terms of an option agreement (the “ Option Agreement”) with Jaguar Mining Inc. (the “ Fundamental
Acquisition”). Completion of the Fundamental Acquisition is subject to a number of conditions, including
acceptance by the Exchange of the Company’s previously announced concurrent private placement (the
“Concurrent Financing”) and the Exchange’s review of our previously submitted technical report on the
Project. Assuming the receipt of all requisite approvals, completion of the Fundamental Acquisition and
Concurrent Financing are expected to occur on or about September 15, 2020.
As previously announced, pursuant to the terms of the Option Agreement , the Company has been granted
an option to acquire up to a 100% interest in the Project by spending US$1 million in exploration expenses
to earn a 75% interest which can be increased to a 100% interest by delivering a NI 43 -101 compliant
technical report on the Project, subject to certain underlying royalties to the original vendors.
About Jiulian
Jiulian is an exploration company engaged in acquiring and advancing prospective and under -explored
gold properties both in Canada and internationally. The Company’s current portfolio includes the wholly-
owned, Bigg Kidd property, located near Aspen Grove, BC. Jiulian Resources is listed on the Exchange
under the symbol “JLR”.
ON BEHALF OF THE BOARD
Douglas Meirelles, President and CEO
For more information regarding this news release, please contact:
Douglas Meirelles
T: 250-762-5777
W: www.jiulianresources.com
Cautionary Note Regarding Forward-Looking Information
{02513528;2}
This news release contains statements that constitute "forward-looking Information", as such term is used
in applicable Canadian securities laws . Such forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause the Company’s actual results, performance or
achievements, or developments in t he industry to differ materially from the anticipated results,
performance or achievements expressed or implied by such forward -looking information. Forward -
looking information includes statements that are not historical facts and are generally, but not al ways,
identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects,"
"potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or
"should" occur.
Forward-looking information in this document includes statements concerning the Company’s intention
to complete the Fundamental Acquisition and the Concurrent Financing and the expected use of proceeds
of the Concurrent Financing and all other statements that are not statements of historical fact.
Although the Company believes the forward-looking information contained in this news release is
reasonable based on information available on the date hereof, by its nature forward-looking information
involves assumptions and known and unknown risks, uncertainties and other factors which may cause our
actual results, level of activity, 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 information. There can be no assurance that the Fundamental Acquisition will be completed as
proposed or at all.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and
uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry
events; the receipt of required regulatory approvals and the timing of such approvals; that the Company
maintains good relationships with the communities in which it operates or proposes to operate, future
legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient
capital from internal and external sources, and/or inability to access sufficient capital on favorable terms;
mining industry and markets in Canada and generally; the ability of the Company to implement its
business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable,
which could result in delays, or cessation in planned work, 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 other assumptions risks and uncertainties applicable to
mineral exploration and development activities and to the Company, including as set forth in the
Company’s public disclosure documents filed on the SEDAR website at www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS
INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
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.