Pitchblack Completes Sale of Division Mountain Coal Project
PITCHBLACK COMPLETES SALE OF DIVISION MOUNTAIN COAL PROJECT
August 21, 2017, Toronto, Ontario – Pitchblack Resources Ltd. ( NEX: PIT .H) (“ Pitchblack” or the
“Company”) has completed the previously announced sale of its Division Mountain coal project in
consideration for a cash payment of $100,000.
The sale of the Division Mountain coal project is the result of the Company’s strategic review of its
assets, strengths and go -forward plan. As Pitchblack has not conducted any exploration work at the
Division Mountain project in the past few years, it had written off the entire value of the property.
About Pitchblack Resources Ltd.
Following the sale of its Division Mountain coal project, Pitchblack has uranium and gold assets in the
Yukon Territory, Canada. The Company is currently reviewing the potential of these properties.
Scott Moore
President and Chief Executive Officer
E-mail: [email protected]
416-861-5903
Forward-Looking Information
This press release contains “forward -looking information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not limited to, statements regarding the Company’s plans
for developing its properties. Generally, forward-looking information can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases
or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that
may c ause the actual results, level of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward -looking information, including but not limited to:
transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral
prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has
attempted to identify important factors that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be accurate, as a ctual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward -looking information. The Company does not undertake to update any forward -looking
information, except in accordance with applicable securities laws.
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