GRAY ROCK Options Hot Bath Property
GRAY ROCK RESOURCES LTD.
Suite 900 – 570 Granville Street
Vancouver, BC V6C 3P1
Ph: (604) 682-3701 ♦ Fax: (604) 682-3600
www.grayrockresources.com ♦ [email protected]
August 3, 2017 TSX-V Trading symbol: GRK
GRAY ROCK OPTIONS HOT BATH PROPERTY
Gray Rock Resources Ltd. (the “Company” or “Gray Rock”) is pleased to announce that further to its press
release dated June 19, 2017 it has received r egulatory acceptance to a binding option agreement (the
“Option Agreement”) with DeCoors Mining Corp. (“DeCoors”) to acquire the Hot Bath Property, located near
Dease Lake, British Columbia, comprising eleven mineral claims covering a total area of 3,634 hectares.
The terms of the Option Agreement are:
1. The Company may make three option payments to Decoors by the issuance of common shares of
Gray Rock in three installments up to a total of 1,500,000 shares over three (3) years, as follows:
(a) The first 1 50,000 shares on or before the first anniversary of the Approval Date (being August 3,
2018);
(b) The next 450,000 shares on or before the second anniversary of the Approval Date; and
(c) The balance of 900,000 shares on or before the third anniversary of the Approval Date.
2. Decoors has reserved a 1.5% net smelter returns royalty (the “NSR”) from commercial production;
and
3. The Company may elect to reduce Decoors’ NSR to only 0.5% at any time prior to the
commencement of commercial production, upon the payment to Decoors of $1,000,000.
Qualified Person
Mr. John Buckle, P.Geo., P.Geoph., a Qualified Person as defined by NI 43-101, has reviewed and approved the
scientific and technical disclosure in this news release. Mr. Buckle is a director of the Company, and is not an
independent Qualified Person.
For further information please contact Gray Rock Resources Ltd. at ph. (604) 682 -3701, or log onto our
website at www.grayrockresources.com
ON BEHALF OF THE BOARD
"David Wolfin"
_________________________________
David Wolfin
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains statements that are forward -
looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the hea ding “Risk
Factors” and elsewhere in the C ompany’s periodic filings with Canadian securities r egulators. Such information contained herein
represents management’s best judgment as of the date hereof based on information currently available. The Company does not
assume the obligation to update any forward-looking statement.