HawkEye 360 and Airbus Form Strategic Partnership

The companies will leverage their global relationships and capabilities to deliver high-impact geospatial intelligence solutions

Herndon, Virginia–(Newsfile Corp. – January 20, 2020) – HawkEye 360 Inc., the first commercial company to use formation flying satellites to create a new class of radio frequency (RF) data and analytics, today announced that it has formed a strategic partnership with Airbus, a global leader in the aerospace and defense industry. Through the partnership, Airbus and HawkEye 360 will deliver high-impact geospatial intelligence solutions not currently available. Both companies can leverage the platforms and services of the other partner to address client mission needs.

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Companies will leverage RF signal data and satellite imagery capabilities to created fused geospatial intelligence solutions.

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“Airbus is an exceptional partner and investor as we develop and deliver our vision for the future of space-based RF data and analytics,” said John Serafini, Chief Executive Officer, HawkEye 360. “Together with Airbus, we will be able to build sophisticated products and services that intelligently leverage a more comprehensive range of data than previously commercially available.”

This partnership enables HawkEye 360 and Airbus to fuse complementary data sets to maximize value to customers. Airbus will distribute HawkEye 360’s RF data and analytics across Europe to augment its maritime, defense, and intelligence products. HawkEye 360 will offer Airbus’ earth observation optical and synthetic aperture radar (SAR) products jointly with its RF solutions to serve defense and intelligence customers.

“HawkEye 360 is a pioneer in space-based RF data and analytics and an ideal partner in our mission to improve global situational awareness for our defense, security, and civil customers,” said François Lombard, Director of the Intelligence Business for Airbus Defence and Space. “I look forward to deploying these innovations to serve the growing needs of our customers.”

“The world’s first EO, SAR, and RF commercial constellation offers unique capabilities, such as a tip-and-cueing Multi-INT system for unprecedented global situational awareness,” said Alex Fox, EVP of Business Development, Sales and Marketing, HawkEye 360. “Integrating these analytics will provide customers valuable insights to execute more informed decisions. We are excited about the business opportunities this unique relationship will bring for both Airbus and HawkEye 360.”

Airbus was among the investors who participated in HawkEye 360’s $70 million Series B funding in August 2019. The Committee on Foreign Investment in the United States (CFIUS) provided approval for Airbus to close its investment transaction Jan. 8. The Series B funding enables HawkEye 360 to build and launch the full commercial satellite constellation and develop a full line of RF analytic products.

More information about HawkEye 360 can be found at www.he360.com.

About HawkEye 360

HawkEye 360 is a Radio Frequency (RF) data analytics company. We operate a first-of-its-kind commercial satellite constellation to identify and geolocate a broad set of RF signals. We extract value from this unique data through proprietary algorithms, fusing it with other sources to create powerful analytical products that solve hard challenges for our global customers. Our products include maritime domain awareness and spectrum mapping and monitoring; our customers include a wide range of commercial, government and international entities.

About Airbus

Airbus is a global leader in aeronautics, space and related services. In 2018, it generated revenues of € 64 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Media Contacts

​Adam Bennett
Product Marketing Director
​adam@he360.com
​+1 (571) 203-0360​​

Fabienne Grazzini
Media Manager
fabienne.grazzini@airbus.com
+33 5 62 19 41 19

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HawkEye 360 and Airbus Form Strategic Partnership
Companies will leverage RF signal data and satellite imagery capabilities to created fused geospatial intelligence solutions.

Related Links

http://he360.com

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Cresco Labs CEO Discusses Illinois Market, Origin House Synergies, and Opportunities in Florida

Toronto, Ontario–(Newsfile Corp. – January 20, 2020) – Capital 10X interviews Cresco Labs (CSE: CL) CEO Charlie Bachtell after an exciting series of developments for the MSO.

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They discuss the newly legalized Illinois market, including the supply challenges facing the different players in the space. As Mr. Bachtell details, Cresco Labs is well situated with a large cultivation footprint and distribution network.

He also elaborates on the Origin House acquisition now that it has closed, detailing the value they bring to Cresco and the opportunities for synergistic cost reductions.

Finally, he discusses the canceling of the VidaCann acquisition and why they are still evaluating opportunities in the Florida market.

For more information, please contact:

Capital 10X
Evan Veryard, President
416-571-9037

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Transition Metals Corp Announces the Commencement of Drilling on Its Sunday Lake Platinum-Palladium Property

Sudbury, Ontario–(Newsfile Corp. – January 20, 2020) – Transition Metals Corp (TSXV: XTM) (“Transition”, “the Company”) is pleased to announce that Impala Canada Ltd. (Impala Canada) has resumed drilling at the Sunday Lake Platinum-Palladium (PGM) Property. Impala Platinum Holdings Limited (Implats) and Impala Canada Ltd. control a 75% interest in the Property and Transition holds a 25% free carried interest through to the completion of a Feasibility Study.

Implats has communicated that it plans to drill 5,400 metres in four holes to test for high-grade PGM mineralization associated with the “Big Red” (AMT) anomaly identified from geophysical surveys completed in 2018. Drilling of this anomaly in 2019 returned significant mineralization including hole SL-19-026 which returned 41.20 metres @ 5.51 g/t Pt +Pd +Au (3.22 g/t Pt, 2.08 g/t Pd, 0.21 g/t Au, 0.57 % Cu) (see Company news release of April 29, 2019).

Commenting on the results, Company CEO and President Scott McLean stated, “We are pleased to see drilling resume following the completion of the North American Palladium – Impala transaction (see Impala news release of December 13, 2019). The Sunday Lake Property is a key project for Transition Metals with results thus far outlining significant continuous and thick intervals of Pt and Pd mineralization across an area which is now 1,500 by 900 metres in size. Drilling targeting the Big Red anomaly in 2019 returned the best grades and thicknesses of mineralization intersected to date on the property so we are very excited about the planned follow-up program.”

About the Sunday Lake Property

The Sunday Lake Property is located 30 kilometres north of Thunder Bay and represents one in a series of mafic-ultramafic intrusions interpreted to be Proterozoic in age and related to the emerging Mid-Continental Rift (MCR) Ni-Cu-PGM camp. Recent discoveries in the district include Panoramic Resources’, Thunder Bay North Project in Ontario, Lundin Mining’s, Eagle Mine in Michigan and Rio Tinto’s Tamarack Deposit in Minnesota.

Mineralization in the Sunday Lake Intrusion is hosted within the Marginal Zone located along the basal contact of the intrusion and consists primarily of disseminated to blebby sulphides as well as isolated sections of massive sulphide. Higher-grade and thicker sections of the Marginal Zone are interpreted to be hosted within structurally controlled embayments within the footwall and serve as the primary exploration target.

To date a total of 29,343 metres have been completed on the property targeting sulphide mineralization associated with the basal Marginal Zone. Highlights of the drilling completed to date include:

Table 1: Selected historic assay results from the Sunday Lake drill programs.

Hole # From
(m)
To
(m)
Length (m) Pt g/t Pd g/t Au g/t Cu wt.% Ni wt.% 3E g/t
SL-15-013 849.7 892.6 42.90 1.92 1.40 0.11 0.44 0.17 3.43
Including 860.8 865.6 4.80 2.87 2.24 0.16 0.68 0.22 5.28
including 871.4 881.5 10.10 3.18 2.28 0.16 0.71 0.24 5.61
SL-19-026 1392.00 1433.20 41.20 3.22 2.08 0.21 0.57 0.19 5.51
including 1417.40 1433.20 15.80 5.42 3.35 0.34 0.88 0.24 9.11
with 1418.85 1427.15 8.30 7.67 4.97 0.42 1.23 0.32 13.06
and 1425.24 1427.15 1.91 9.29 7.12 0.58 1.56 0.36 16.98
and 1425.24 1425.90 0.66 9.90 9.30 0.63 1.66 0.42 19.80
SL-19-029 1405.00 1466.00 61.00 1.20 0.80 0.15 0.22 0.15 2.20
including 1433.00 1465.00 32.00 1.90 1.20 0.23 0.33 0.18 3.35
including 1443.00 1449.00 6.00 2.90 1.90 0.34 0.55 0.28 5.15
and 1454.00 1465.00 11.00 2.70 1.70 0.30 0.46 0.18 4.75
including 1455.46 1463.63 8.17 3.20 2.00 0.33 0.51 0.20 5.44
and 1461.00 1463.00 2.00 3.50 2.20 0.35 0.64 0.19 5.97

Note: Reported interval length are estimated as being between 80% and 90% of true width of the intersected sulphide mineralization. 3E equal Pt + Pd + Au g/t.

The Sunday Lake Property is held by Transition Metals Corp having a 25% free carried interest through to the completion of a Feasibility Study and the 75% balance is controlled by Implats and Impala Canada.

Exhibiting in Vancouver

Transition Metals will be attending the Vancouver Resource Investment Conference 2019 (VRIC) and exhibiting at the AME Round Up Project Generators Hub in the East Exhibit Hall of the Vancouver Convention Centre on Tuesday January 21st and Wednesday January 22nd, 2020. If in Vancouver, do not miss the opportunity of visiting our booth and having a chat with the Company’s management team.

Qualified Person

The technical elements of this press release have been approved by Mr. Grant Mourre, P.Geo. (APGO), a Qualified Person under National Instrument 43-101. The analyses reported in this news release were performed by ALS Global in Vancouver, British Columbia. Impala Canada rigorous internal quality control and quality assurance protocols are described in detail in Impala Canada’s Technical Report for its Lac des Iles Mine (June 2017 – available on SEDAR).

About Transition Metals Corp

Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into discoveries. The award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder’s equity dilution.

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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.

Further information is available at www.transitionmetalscorp.com or by contacting:

Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-1777

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American Creek Announces Acquisition of Glacier Creek Claims

Cardston, Alberta–(Newsfile Corp. – January 20, 2020) – American Creek Resources Ltd. (TSXV: AMK) (the “Company” or “American Creek”) is pleased to announce that it has entered into a property purchase agreement pursuant to which it will acquire the precious and base mineral undersurface rights relating to 45 Crown Grant claims commonly referred to as the “Glacier Creek Claims” located in the Stewart area, British Columbia, from a subsidiary of Strikepoint Gold Inc. (TSXV:SKP)(“Strikepoint“). In consideration for the Glacier Creek Claims, the Company will pay Strikepoint $50,000, issue 3,000,000 common shares to Strikepoint, and grant Strikepoint a 0.5% NSR royalty over the Glacier Creek Claims which NSR royalty may be purchased by the Company at any time for $500,000 cash.

The Glacier Creek Crown Grant claim package consists of claims that overlap a portion of the
Company’s present Dunwell property as well as extending beyond the current Dunwell property boundaries. The net effect being a significant expansion of the Dunwell project and associated mineral rights.

Darren Blaney, President & CEO of the Company stated: “We are very pleased to be able to acquire this package of Crown Grants as it makes sense to amalgamate the claims into one property. This acquisition expands our Dunwell property considerably and provides for increased exploration potential as work is done in the immediate area hosting the historic Dunwell Mine as well as in the surrounding region. We believe that the Dunwell Mine and the multiple bonanza grade gold and silver showings within several kilometers of the mine are all related geologically and are part of a large underlying system”.

Completion of this acquisition is conditional upon, among other things, receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange.

Any shares issued pursuant to this transaction will be subject to a 4 month hold period pursuant to applicable securities laws.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.

Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

A major drill program was conducted in 2019 at Treaty Creek by JV partner and operator Tudor Gold. The focus of the program was on the Goldstorm zone where drilling has produced very wide intercepts of gold including a 780 meter intercept of 0.683 g/t gold including a higher grade upper portion of 1.095 g/t over 370.5 meters.

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests in the project. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

A drill program was also recently concluded on the 100% owned Dunwell Mine property located near Stewart. Assay results are pending.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Company is available on its website at www.americancreek.com

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.

This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company’s profile on http://www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.

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BiocurePharm, Korea (“BPK”) Announces Private Placement

Vancouver, British Columbia–(Newsfile Corp. – January 20, 2020) – Biocure Technology Corp. (CSE: CURE) (OTCQB: BICTF) (“CURE” or the “Company”) BiocurePharm, Korea (“BPK”), a subsidiary of Biocure Technology Inc. (“CURE”) is pleased to announce that it has closed its non-brokered private placement through its Korean Subsidiary BiocurePharm, Korea (“BPK”), BPK has issued 53,567 shares at 12.375 CAD per share for gross proceeds of $662,892. All dollar values are based on the published Exchange Rate of CAD0.001125/KRW1 on January 17, 2020, Bank of Canada. After the issuance of new BPK shares, CURE holds now 94.47% interest in BPK.

The net proceeds from the non-brokered private placement are intended to be used for general working capital and clinical trial of CAR T in Korea.

About Biocure

Biocure is a South Korean based Bio Pharmaceutical company specializing in the development and potential commercialization of biosimilar pharmaceutical products. Biocure is in the process of pre- clinical trials of five major biosimilar products in South Korea, including Interferon Beta 1b, PEG- Filgrastim and Ranibizumab as well as CAR-T Cell Therapy. Interferon Beta 1b is used for treating relapsing forms of multiple sclerosis (“MS”) Filgrastim is used to treat neutropenia, a lack of certain white blood cells caused by bone marrow transplants, chemotherapy, and other conditions. Ranibizumab is used for treating macular degeneration. It is also used to treat a type of eye problem known as macular edema, as well as certain eye problems caused by diabetes. Biocure is also developing a foot and mouth disease vaccine, and a hair growth production product.

ON BEHALF OF THE BOARD OF DIRECTORS

/S/ “SANG MOK LEE”
CEO and Director

For further information, please contact:

Biocure Technology Inc. Telephone: 604-609-7146, or info@biocuretech.com

Certain statements in this news release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning the Company’s proposed activities under the Agreement and the expectations of the Company regarding funding payments due pursuant to the Agreement. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements. Neither the Canadian Securities Exchange (the “CSE”) nor the Investment Industry Regulatory Organization of Canada) accepts responsibility for the adequacy or accuracy of this release.

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Santacruz Silver Acquires La Pechuga Project Adjacent to Zimapan Mine, Hidalgo,Mexico

Vancouver, British Columbia–(Newsfile Corp. – January 20, 2020) – Santacruz Silver Mining Ltd. (TSXV: SCZ) (the “Company” or “Santacruz”) reports that its Mexican subsidiary, Carrizal Mining, S.A de C.V. (“Carrizal”), has acquired by staking the La Pechuga property (the “Property”) located adjacent to the Zimapan Mine at Zimapan, Hidalgo, Mexico.

The Property is comprised of one mining concession that covers a land area of approximately 3,025 hectares and is located 25 kilometers southeast of the Zimapan Mine. It contains several historic mines with mineralization hosted in carbonate replacement (skarn) of variable width of 3-8 m, which is intruding the limestones of the El Doctor Formation. Previous work by Mexico’s Consejo de Recursos Minerales (CRM), Mexico’s Geological Survey, reported nine underground chip samples collected from the San Miguel mine on the 120 level with assay results that contain 34 to 770 grams per tonne (“gpt”) silver, trace to 0.50 gpt gold, 0.80% to 21.9% lead, 1.7% to 13.4% zinc and trace to 0.47% copper. Sampling lengths range between 0.80 and 3.00 m and represent the apparent thickness of the mineralization on the 120 level**. The 120 level and the chip samples reported are not representative of the typical mineralization at La Pechuga but is an indication of strongly polymetallic mineralization within the project area. Santacruz and a qualified person have not performed sufficient work to verify this information and the information is considered historical.

Mr. Carlos Silva, Chief Operating Officer, stated, “This property is situated in a very promising zone of the Zimapan Mining District and its proximity to the producing Zimapan Mine makes it a strategic acquisition for Santacruz.” Mr. Silva continued; “With respect to the Zimapan Mine, management discussions with Peñoles are at an advanced stage with respect to final terms of an agreement which would allow Santacruz to acquire the Zimapan assets.”

Any transaction involving the acquisition of the Zimapan assets by the Company will be subject to, among other things, all necessary regulatory filings and approvals, including the approval of the TSX Venture Exchange.

** Source: Broines, Alejandro. Estudio Geologica-Minero de Los Fundos San Miguel y Ampliacion san Miguel, La Pechuga, Municipio de Ixmiquilpan, Hidalgo. Archivo Tecnico 130038, 1976.

Qualified persons

The technical information contained in this news release has been reviewed and approved by Van Phu Bui, BSc, PGeo, who is independent of the Company and a qualified person under National Instrument 43-101.

About Santacruz Silver Mining Ltd.

Santacruz is a Mexican focused silver company with two producing silver projects, Veta Grande and Rosario, and two exploration properties, the Minillas property and Zacatecas properties. The Company also owns 100% of Carrizal Mining S.A. de C.V. Carrizal Mining is a private Mexican mining company, the principal asset of which is a 20% working interest in the Company’s Veta Grande Project. Carrizal Mining also has the right to operate the Zimapan Mine until December 31, 2020 under a mining lease agreement.

The Company is managed by a technical team of professionals with proven track records in developing, operating and discovering silver mines in Mexico. Our corporate objective is to become a mid-tier silver producer.

‘signed’

Arturo Préstamo Elizondo,
President, Chief Executive Officer and Director

For further information please contact:

Arturo Prestamo
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: (604) 569-1609

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.

Forward looking information

Certain statements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadian securities laws, including statements relating to the finalization of an agreement with Peñoles and the potential acquisition of the Zimapan Mine by the Company from Peñoles. 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. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including that the Company’s financial condition and development plans do not change as a result of unforeseen events, and that future metal prices and the demand and market outlook for metals will remain stable or improve. 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 above prove not to be valid or reliable; there can be no assurance that the Company will be successful in entering into a binding purchase and sale agreement and thereafter completing the acquisition of the Zimapan Mine (including obtaining the necessary funding for the purchase price thereof); risk of delay and/or cessation in planned work or changes in the Company’s financial condition and development plans; risks associated with the interpretation of data (including in respect of the third party mineralized material) regarding the geology, grade and continuity of mineral deposits; the uncertainty of the geology, grade and continuity of mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; market conditions and volatility and global economic conditions; risks related to gold, silver, base metal and other commodity price fluctuations; risks relating to environmental regulation and liability; 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 continuous disclosure filings 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.

Rosario Project

The decisions to commence production at the Rosario Mine, Cinco Estrellas Property and Membrillo Prospect were not based on a feasibility study of mineral reserves demonstrating economic and technical viability, but rather on a more preliminary estimate of inferred mineral resources. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and detailed site analysis in accordance with NI 43-101.

Veta Grande Project

The decision to commence production at the Veta Grande Project was not based on a feasibility study on mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably due to the absence of a complete and detailed site analysis in accordance with NI 43-101.

Zimapan Mine

Production at the Zimapan Mine is not supported by a feasibility study on mineral reserves demonstrating economic and technical viability or any other independent economic study under NI 43-101. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with production operations at the Zimapan Mine. Production and economic variables may vary considerably due to the absence of a complete and detailed site analysis in accordance with NI 43-101.

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Revelo Agrees to Sell its Generative NSR Royalty Portfolio to EMX Royalty Corp

Vancouver, British Columbia–(Newsfile Corp. – January 20, 2020) – Revelo Resources Corp. (TSXV: RVL) (“Revelo” or the “Company”) is pleased to announce that the Company has agreed in principle to sell to EMX Royalty Corp. (TSXV: EMX) (“EMX”) 20 generative net smelter return (“NSR”) royalty interests over exploration properties for a cash total of US$1.5 million. The NSR royalty interests being sold include 11 generative NSR royalty interests on projects currently owned by third parties, and 9 NSR royalty interests on properties held by Revelo. Consummation of the transaction is subject to finalization of appropriate due diligence by EMX together with the execution of definitive documentation.

Revelo will use the proceeds of the sale to pay back a loan due to EMX totalling approximately CAD$520,000 together with portions of a loan due to Term Oil Inc. (see news releases dated February 27, 2018 and October 3, 2019).

Subsequent to the completion of the transaction, Revelo plans to implement other corporate initiatives to put the company onto a firm basis for future activities and success. These actions will be advised in due course.

Summary of Generative Royalty Interests to be Sold

Revelo’s 11 generative NSR royalty interests on projects currently owned by third parties are as follows:

Project Name Hectares (Approx’) Principal Commodities NSR Royalty Interest Current Project Owner
San Guillermo 12,000 Au-Ag 0.5% AM Austral Gold Ltd
Reprado 2,700 Au-Ag 1.0% AM Austral Gold Ltd
Limbo 5,600 Au-Ag 1.0% AM Austral Gold Ltd
Magallanes 1,000 Au-Ag 1.0% AM Austral Gold Ltd
Victoria Norte 38,400 Au-Ag / Cu-Mo 2.0% AM Hochschild Mining PLC
Q’Inti 100 Cu-Mo 2.0% AM Masglas America Corp
Los Azules 3,700 Cu-Mo 2.0% AM Masglas America Corp
Kolla Kananchiari 3,900 Au-Cu-Ag 1.0% PM / 0.5% BM Masglas America Corp
San Valentino 1,100 Cu-Au-Mo 1.0% AM Atacama Copper Explor’
T4 1,900 Cu-Au 1.5% AM Atacama Copper Explor’
Las Animas 3,900 Cu-Au 1.5% AM Atacama Copper Explor’

 

Revelo’s 9 generative NSR royalty interests covering wholly-owned projects are as follows:

Project Name Hectares (Approx’) Principal Commodities NSR Royalty Interest
Victoria Sur 6,600 Au-Ag-Cu 1.0% AM
Arrieros 14,000 Cu-Mo-Au 1.0% AM
Redondo-Veronica 5,000 Cu-Mo 1.0% AM
Block 2 3,300 Cu-Mo 1.0% AM
Block 3 10,000 Cu-Mo 1.0% AM
Block 4 4,200 Cu-Mo 1.0% AM
Cerro Blanco 6,500 Cu-Mo-Au 1.0% AM
Cerro Buenos Aires 7,700 Cu-Mo-Au-Ag 1.0% AM
Morros Blancos 7,900 Cu-Au-Mo 1.0% AM

 

(AM = All Metals / PM = Precious Metals / BM = Base Metals)

Qualified Person

Dr. Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG), an independent geological consultant to Revelo, is the Company’s Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosures for Mineral Projects of the Canadian Securities Administrators and has verified the data disclosed and approved the written disclosure of the technical information contained in this news release.

ABOUT REVELO

Revelo has interests in an outstanding portfolio of projects prospective for copper, gold and silver located along proven mineral belts in one of the world’s top mining jurisdictions – Chile. The Company has a combination of wholly owned projects (for self-funded exploration, or available for option, joint venture or sale), some of which are subject to option agreements, shareholdings in third-party companies (including spun-out companies), and royalty interests (non-producing to date). Revelo’s total exposure to mineral tenements in northern Chile, either wholly owned or through royalty interests, is around 200,000 hectares.

Revelo is a Canadian company and is listed on the TSX Venture Exchange (TSX-V: RVL). For more information, please visit Revelo’s website at www.reveloresources.com

ON BEHALF OF THE BOARD

Michael Winn, Chairman

INVESTOR CONTACT

Timothy J Beale | President & CEO
T: +1 604 687-5544 |
info@reveloresources.com |
www.reveloresources.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENT

This news release contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical fact, that address events or developments that Revelo expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “indicate” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Revelo believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements.

REVELO PROJECT LOCATION MAP

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Note: Coloured blocks represent properties in which Revelo has interests. Refer to the legend for more details.

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