Jaguar Financial Announces Annual Meeting Results

Toronto, Ontario–(Newsfile Corp. – August 31, 2017) – Jaguar Financial Corporation (TSXV: JFC) (“Jaguar” or the “Company”) are pleased to announce that at the Annual and Special Meeting held on June 22, 2017, Mr. Vic Alboini, Gerald Sternberg and Martin Schultz were re-appointed as directors of the Company for the ensuing year. Perry Rapagna did not stand for re-election.

In addition, the shareholders of the Company approved a consolidation of the Company’s common shares on the basis of 10 pre-consolidation shares for 1 post-consolidation share. The Company will provide an update on the potential consolidation once the timing is determined.

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.

About Jaguar Financial Corporation

Jaguar is a Canadian merchant bank generally investing in companies Jaguar determines to be undervalued, overlooked and underappreciated. The investments made are usually event-driven, for example, where an investment is made in a company that is the subject of a takeover bid or where some other change is initiated by a third party or a shareholder of the subject company. Jaguar’s objective is to assist management of the undervalued company to create value that the market is missing.

For additional information on this press release, please contact:

Vic Alboini, Chairman & Chief Executive Officer
Jaguar Financial Corporation and Added Capital Inc.
416-483-3760

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SEC Names Dalia Blass as Director of the Division of Investment Management

Washington D.C.–(Newsfile Corp. – August 31, 2017) – The Securities and Exchange Commission today announced that Dalia Blass has been named Director of the agency’s Division of Investment Management.

The SEC’s Division of Investment Management works to protect investors and to promote capital formation and innovation in investment products and services through oversight and regulation of the nation’s multi-trillion dollar investment management industry. The Division is responsible for the Commission’s regulation of investment companies, variable insurance products, and federally registered investment advisers. 

“Dalia’s years of service here at the SEC and extensive experience in the private sector will make her a valuable asset to the agency and the Division of Investment Management,” said Chairman Jay Clayton. “The investment management industry is constantly evolving, yet its integrity is vital to our markets and Main Street investors. I know Dalia and the dedicated team in the Investment Management Division recognize this and will continue to work every day to fulfill the SEC’s mission.”

Ms. Blass returns to the SEC after previously serving in a number of leadership roles in the Division of Investment Management, most recently as Assistant Chief Counsel. During her SEC tenure of more than a decade, Ms. Blass received the SEC’s Manuel F. Cohen Award, which recognizes outstanding legal ability and performance.

“It is an enormous honor to return to the SEC to work with Chairman Clayton, Commissioners Stein and Piwowar, and the talented and hard-working staff in the Division of Investment Management and across the agency,” said Ms. Blass. “The asset management industry is more important than ever to American investors and to our capital markets. I am humbled by the opportunity to lead the Division and to promote opportunities for capital formation and innovation that benefits investors.”

Ms. Blass joins the agency from Ropes & Gray LLP, where she advised on a broad range of investment fund, private equity, and regulatory matters. She previously practiced law at O’Melveny & Myers LLP, and began her career in the London office of Shearman & Sterling LLP.

Ms. Blass earned a J.D. from Columbia University School of Law, where she was Harlan Fiske Stone Scholar and Executive Editor of the Journal of Transnational Law. She received her B.A in international studies from the American University and studied political science at the American University in Cairo. 

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Chairman Clayton Names Executive Staff

Washington, DC–(Newsfile Corp. – August 31, 2017) – The Securities and Exchange Commission today announced that John Cook, Jeffrey Dinwoodie, Raquel Fox, Kristina Littman, Alan Cohen, Christopher Carofine, and Shelby Begany Telle have been named to the executive staff of Chairman Jay Clayton. 

These executive staff members will advise Chairman Clayton alongside Chief of Staff Lucas Moskowitz, Deputy Chief of Staff Sean Memon, Chief Counsel Jaime Klima, Managing Executive Peter Uhlmann, and Senior Advisor to the Chair for Cybersecurity Policy Christopher Hetner. Chairman Clayton’s executive staff is responsible for advising the Chairman on all matters before the Commission, working closely with agency staff, and helping the Chairman perform all day-to-day operations needed to fulfill the SEC’s mission.

“I am pleased that we have assembled a dedicated, talented, and diverse group with such a wide range of experiences in the public and private sectors,” said Chairman Jay Clayton. “With their help, and the work of the dedicated staff of the Commission, I look forward to continuing the SEC’s strong tradition of interacting with all constituencies we serve effectively and efficiently as we strive to fulfill the SEC’s mission.”

John Cook
Senior Advisor to the Chairman

John Cook is the lead advisor to the Chairman on matters involving the Division of Investment Management, Division of Economic and Risk Analysis (DERA), and Office of the Chief Accountant (OCA), and assists on enforcement matters. Mr. Cook joined the SEC in 2010, previously serving as a Senior Special Counsel in DERA and in OCA, and as a counsel to Commissioner Daniel M. Gallagher. Before joining the SEC, Mr. Cook practiced law at Gibson, Dunn & Crutcher LLP, representing clients in regulatory matters. Mr. Cook earned his J.D., cum laude, from Harvard Law School and an undergraduate degree, magna cum laude, from the Georgetown University School of Foreign Service. 

Jeffrey Dinwoodie
Senior Advisor to the Chairman

Jeffrey T. Dinwoodie is the lead advisor to the Chairman on matters involving the Division of Trading and Markets, Office of Compliance Inspections and Examinations, Office of Municipal Securities, and Office of Credit Ratings, and assists on enforcement matters. Mr. Dinwoodie previously practiced law at Davis Polk & Wardwell LLP, where he advised banks, broker-dealers, clearinghouses, markets, rating agencies, and other financial institutions on a wide range of regulatory, enforcement, and transactional matters. He has been a frequent writer and speaker on securities and derivatives law topics. Prior to joining Davis Polk, Mr. Dinwoodie served as an SEC attorney from 2008 to 2011 in the Division of Trading and Markets. Mr. Dinwoodie earned his J.D., magna cum laude, from American University and an undergraduate degree from George Mason University.

Raquel Fox
Senior Advisor to the Chairman

Raquel Fox is the lead advisor to the Chairman on matters involving the Division of Corporation Finance and Office of International Affairs, and assists on enforcement matters. Ms. Fox joined the SEC in 2011, previously serving as a Senior Special Counsel to the Director of the Division of Corporation Finance and an attorney fellow in the offices of Capital Markets Trends and Rulemaking. Before joining the SEC, Ms. Fox practiced law at Wilmer Cutler Pickering Hale and Dorr LLP, specializing in capital markets transactions, corporate governance, and disclosure. She began her career as a certified public accountant, specializing in taxation. Ms. Fox earned her J.D. from Harvard Law School and a master’s degree in Taxation and an undergraduate degree, summa cum laude, from Baylor University. 

Kristina Littman
Senior Advisor to the Chairman

Kristina Littman is the lead advisor to the Chairman on matters involving the Division of Enforcement, and assists on other regulatory and policy matters. Ms. Littman joined the SEC in 2010, previously serving as a trial attorney and investigative attorney in the Division of Enforcement and as Counsel to the Director of Enforcement. Prior to joining the SEC, Ms. Littman practiced law at Drinker Biddle & Reath LLP, specializing in white collar and securities litigation. Ms. Littman earned her J.D. and M.B.A. from Rutgers University School of Law – Camden and an undergraduate degree from Florida State University.

Alan Cohen
Senior Policy Advisor to the Chairman

Alan Cohen will serve as advisor to the Chairman on emerging risks and regulatory developments, including the impact of Brexit, new European Union regulations (e.g. MiFID II), and issues related to domestic and international clearing and settlement of securities and derivatives transactions. Most recently, Mr. Cohen was an advisor to the executive office at Goldman Sachs after joining the firm in 2004 as the Global Head of Compliance and a member of the management committee, where he supervised a global team that was responsible for compliance across all business and financial products, and in every major international market. Additionally, he was the court-appointed receiver of an SEC- and CFTC-regulated firm that engaged in a global securities and commodities fraud scheme and served on FINRA’s Compliance Advisory Committee and International Advisory Working Group. From 1991 to 2003, Mr. Cohen created and co-headed the white collar and regulatory defense practice at O’Melveny & Myers LLP. Mr. Cohen earned his J.D. from Rutgers School of Law – Newark, a Ph.D. in Political Science from Rutgers University, and an undergraduate degree from Temple University.

Christopher Carofine
Director of Communications

Christopher Carofine serves as Director of Communications to Chairman Clayton, advising on all matters related to communications and media relations. Prior to joining the SEC, Mr. Carofine served as the Communications Director for Rep. Scott Garrett, former Chairman of the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises. He was previously a Senior Account Executive at a business communications and public relations firm in New York. Mr. Carofine earned his undergraduate degree from Rutgers University.

Shelby Begany Telle
Confidential Assistant

Shelby Begany Telle serves as Confidential Assistant to Chairman Clayton. Prior to joining the SEC staff, Ms. Telle spent four years working on Capitol Hill—most recently for the Senate Rules Committee and previously for the Senate Committee on Banking, Housing and Urban Affairs and the Senate Appropriations Committee—all for U.S. Senator Richard Shelby. Ms. Telle earned her undergraduate degree from Vanderbilt University, where she was a Chancellor’s Scholar, and is an evening student at Catholic University’s Columbus School of Law.

Other Members of the Executive Staff

Lucas Moskowitz
Chief of Staff

Bio

Sean Memon
Deputy Chief of Staff

Bio

Jaime Klima
Chief Counsel

Bio

Peter Uhlmann
Managing Executive

Bio

Christopher Hetner
Senior Advisor to the Chair for Cybersecurity Policy

Bio

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SEC Names Jeffrey Harris as Director of the Division of Economic and Risk Analysis

Washington D.C.–(Newsfile Corp. – August 31, 2017) – The Securities and Exchange Commission today announced that Dr. Jeffrey H. Harris has been named Director of the agency’s Division of Economic and Risk Analysis (DERA).  He replaces former director Mark Flannery who left the agency to return to teaching.

DERA was created in September 2009 to integrate financial economics and rigorous data analytics into the core mission and operations of the SEC. As Director, Dr. Harris will lead DERA’s team of experienced economists as they are involved across the entire range of SEC activities, including policy, rulemaking, enforcement, and examination.

“Dr. Harris’s extensive research on securities and commodities issues and experience in government, academia, and the private sector make him a great fit to lead DERA’s team of dedicated economists,” said Chairman Jay Clayton. “I am confident that DERA will continue to provide the SEC’s staff and the Commission with the valuable economic analysis, research, and support they need.”

Dr. Harris added, “The team at DERA is one of the most well-respected and talented groups of economists in public service and it is an honor to join their ranks. I look forward to working with my new team, agency staff, and the Commissioners as we work to fulfill the SEC’s mission.”

Chairman Clayton also thanked Acting Director Scott Bauguess. “Scott has been a terrific leader of DERA since the departure of Professor Flannery and I look forward to continuing to work with him on various important projects.”

Dr. Harris is currently a professor and the Gary D. Cohn Goldman Sachs Chair in Finance at Kogod School of Business at American University in Washington, D.C. Dr. Harris has an extensive background in market microstructure and regulatory issues. He recently served as Chief Economist at the Commodity Futures Trading Commission, with prior experience as Visiting Academic at the Nasdaq Stock Market and at the SEC. He has previously held faculty appointments as the Dean’s Chair in Finance at the Whitman School of Management at Syracuse University, as the Collins Chair of Finance in the Cox School of Business at Southern Methodist University (visiting), and at the University of Delaware, the University of Notre Dame, and The Ohio State University.

DERA relies on a variety of academic disciplines, quantitative and non-quantitative approaches, and knowledge of market institutions and practices to help the Commission approach complex matters and conduct economic analysis in a fresh light. DERA also assists in the Commission’s efforts to identify, analyze, and respond to risks and trends, including those associated with new financial products and strategies. Through the range and nature of its activities, DERA serves the critical function of promoting collaborative efforts throughout the agency and breaking through silos that might otherwise limit the impact of the agency’s institutional expertise.

Dr. Harris’s research has appeared in the Energy Journal, European Financial Management, Financial Management, The Financial Review, the Journal of Finance, the Journal of Investment Management, the Journal of Financial and Quantitative Analysis, the Journal of Financial Economics, the Journal of Futures Markets, the Review of Futures Markets and the Review of Financial Studies.

Dr. Harris holds an undergraduate degree and M.B.A. from the University of Iowa and a Ph.D. in Finance from The Ohio State University. 

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Pacific Booker Minerals Inc. Announces Private Placement Completed

Vancouver, British Columbia–(Newsfile Corp. – August 31, 2017) – Pacific Booker Minerals Inc. (TSXV: BKM) (OTC Pink: PBMLF) has completed 1,814,502 units of the non-brokered private placement announced on July 20, 2017. The units consist of one share at a purchase price of $0.50 and one warrant to purchase an additional share at a price of $1.00 exercisable for a period of 24 months from the date of issuance. The warrants are subject to an additional clause, specifically, that if the shares close at a price of $1.40 or greater for a period of 20 consecutive trading days, the Company can give notice and accelerate the expiry date of the Warrants, which would then expire on the 30th day after the date on which notice is given. Shares issued will be subject to a four-month hold from closing and shall not be traded before January 7, 2018. The warrants will have an expiry date of September 7, 2019. A total of 43 individuals and 1 corporate placee participated. Three existing insiders purchased a total of 160,000 units. No finders fee or commission was payable for this private placement. The total proceeds of $907,251 will be used for general working capital.

If you would like to be added to or removed from our email newsgroup, please send your request by email to info@pacificbooker.com.

On Behalf of the Board of Directors

“John Plourde”

John Plourde, Director

No regulatory authority has approved or disapproved the information contained in this news release.

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Vitalhub Corp. Announces Signing of Definitive Agreement for Acquisition of B Sharp Technologies Inc. and Provides Update on Private Placement and the Acquisition of H.I. Next Inc.

Toronto, Ontario–(Newsfile Corp. – August 31, 2017) – VITALHUB CORP. (TSXV: VHI) (the “Company” or “Vitalhub“), is pleased to announce that it has entered into a definitive acquisition agreement (the “Agreement“) dated August 29, 2017 with all of the shareholders of B Sharp Technologies Inc. (“B Sharp Technologies“) to purchase all of the issued and outstanding securities of B Sharp Technologies (the “Acquisition“). The Acquisition is expected to close on or about September 14, 2017.

The purchase price for the Acquisition shall be $3,826,000 (the “Purchase Price“). The purchase price will be satisfied by a cash payment of $1,876,000.06 (the “Cash Purchase Price“) and the delivery of a total of 13,928,571 common shares of Vitalhub (“Common Shares“), at a deemed price of $0.14 per Common Share (the “Share Purchase Price“), to the shareholders of B Sharp Technologies. The principal shareholders of B Sharp Technologies, Vijit Coomara, Robert Lazar and Anthony Iantorno (including their respective wholly-controlled family trusts) shall receive 5,457,171, 5,457,171 and 3,014,229 Common Shares, respectively.

The Company currently has 34,424,445 Common Shares issued and outstanding. Upon completion of the Placement (as herein defined), pursuant to which the Company will issue, at minimum, an additional 28,000,000 Common Shares, and upon delivery of the Share Purchase Price, the Company will have a total 76,353,016 issued and outstanding Common Shares. Vijit Coomara, Robert Lazar and Anthony Iantorno are therefore receiving Common Shares of the Company such that they will hold approximately 7%, 7% and 4%, respectively, of the total issued and outstanding Common Shares on consummation of the Acquisition.

A portion of the Cash Purchase Price will be subject to the following escrow conditions (i) 3.75% of the Purchase Price will be held in escrow for a nine (9) month period immediately following the closing date of the Acquisition, and (ii) save and except for the portion of the Share Purchase Price allocated to Anthony Iantorno, the Share Purchase Price will be released to the former B Sharp Technologies shareholders in six equal consecutive semi-annual distributions, the first of such distributions to occur on the six month anniversary of the closing date of the Acquisition. The portion of the Share Purchase Price allocated to Anthony Iantorno will be released in four equal consecutive semi-annual distributions, the first of such distributions to occur on the six month anniversary of the closing date of the Acquisition.

The Agreement was negotiated at arm’s length, and contains customary representations, warranties and closing conditions. Closing of the Acquisition is also subject to Vitalhub having successfully closed the Placement.

On closing of the Acquisition, Mr. Coomara and Mr. Lazar are to join Vitalhub’s management as Vice President Professional Services and Vice President Development, respectively.

The Acquisition remains subject to requisite regulatory approval, including the approval of the TSX Venture Exchange (the “TSXV“) and satisfaction of closing conditions contained in the Agreement.

About B Sharp

Founded in 1998 and based in Toronto, B Sharp Technologies develops and deploys client case management and electronic documentation solutions for healthcare, social services, and community care organizations. B Sharp Technologies also has software development operations in Sri Lanka, providing access to skilled and low cost developers. The products of B Sharp Technologies are used by over 40 customers in 70 locations across Canada. B Sharp Technologies had total unaudited revenues from operations of over $1.8 million for the year-ended December 31, 2016.

Additional detailed information regarding B Sharp Technologies, including financial information, will follow upon closing of the Acquisition. Pending release of this information, trading in the company’s stock will remain halted.

Update on Previously Announced Private Placement

Vitalhub has previously announced a private placement (the “Placement“) of units (the “Units“), each Unit consisting of one common share and one common share purchase warrant, for minimum gross process of $2.8 million and maximum gross proceeds of $3.4 million. The Company anticipates closing the Placement prior to or concurrently with the closing of the Acquisition, and will use the proceeds of the Placement for the Cash Purchase Price, fees and expenses associated with the Acquisition and for general working capital purposes.

Closing of the Placement remains subject the approval of the TSXV. All securities issued in connection with the Placement shall be subject to a four month statutory hold period.

Update on Acquisition of HI Next

The letter of intent previously entered into between the Company and H.I. Next Inc. (“HI Next“) has now expired. Although the Company continues to discuss the possible acquisition of HI Next, the Company is currently focused on the closing of the Placement, followed by the closing of the Acquisition. The Company will provide updating press releases if and when material developments unfold with respect to an acquisition of HI Next.

About Vitalhub

Founded in 2012, VitalHub delivers an innovate platform for mHealth, a modularized and standardized solution for creating mobile health applications. The VitalHub platform provides the control, security, privacy and consistency essential in the healthcare industry. VitalHub includes apps for clinical care, communications, and medical research, and the platform to expand this to other areas. VitalHub is based in Toronto, Ontario.

For further information please contact:

Dan Matlow
Chief Executive Officer, and Director

(416) 727-9061
dan.matlow@vitalhub.com

Cautionary Statements

All information contained in this news release with respect to Vitalhub, B Sharp Technologies and HI Next was supplied by the parties, respectively, for inclusion herein, and none of such parties’ directors and officers have relied on such other parties’ for any information concerning such party.

Completion of the transactions described herein is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. There can be no assurance that any of the transactions will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the transactions may not be accurate or complete and should not be relied upon.

The TSX Venture Exchange has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this press release. 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 press release.

This news release contains forward-looking statements relating to the timing and completion of the transactions, the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as will, may, should, anticipate, expects and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Acquisition and the potential for an acquisition of HI Next, the use of the net proceeds from the Placement, the listing of the Common Shares on the TSX Venture Exchange, the receipt of regulatory approvals and the timing thereof, and the future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions to completion of the Acquisitions and other risks detailed from time to time in the filings made by the Company with securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that transactions described herein, will be completed on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

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Southern Silver Closes Second Tranche of Brokered and Non-Brokered Financing

Vancouver, British Columbia–(Newsfile Corp. – August 31, 2017) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQB: SSVFF) (FSE: SEG1) (“Southern Silver” or the “Company”) has closed the second tranche of its previously reported private placement by issuing 1,170,000 units at a price of $0.40 per unit for gross proceeds of $468,000. The private placement was comprised of a brokered and non-brokered component. Gravitas Securities Inc. (“Gravitas”) acted as lead agent of the brokered portion of the private placement. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.55 per common share. On the closing of this tranche of the private placement, Gravitas received a cash fee of $42,240 and 105,600 non-transferable compensation options with each compensation option exercisable to purchase one common share for a period of 36 months at an exercise price of $0.40 per common share. Also paid upon closing were finder’s fees of $500 cash and 1,750 non-transferable finder’s warrants, with each finder’s warrant exercisable to purchase one common share at $0.55 for three years. Securities issued pursuant to this tranche of the private placement, including common shares, share purchase warrants, finder’s warrants and compensation options, carry a legend restricting trading of the securities until January 1, 2018.

Net proceeds from this private placement are intended to be used to contribute to the Company’s proportionate share (40%) of the costs associated with continuing exploration on the Cerro Las Minitas property near Durango, Mexico together with the Joint Venture partner of the Company, Electrum Global Holdings L.P. (60%), for advancement of the 100% owned Oro Project, New Mexico, and for additional working capital. Further exploration work on the Cerro Las Minitas property in 2017 and 2018 is to be funded by the two Joint Venture partners and is expected to consist of RC, RAB and core diamond drilling in order to:

(a)   

Extend the known mineralization at the Blind and Blind Shoulder targets to increase the current resource.

(b)   

Explore for accumulations of potential new mineralization elsewhere in the larger area of the Cerro Las Minitas property.

Further work is currently ongoing on the balance of the larger property area including continued surface work and sampling, exploratory RAB/RC drilling and additional core drilling of certain defined targets.

The final closing to occur by September 15th, 2017 is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

About Southern Silver Exploration

Southern Silver Exploration Corp. is a precious metal exploration and development company with a focus on the discovery of world-class mineral deposits in north-central Mexico and the southern USA. Our specific emphasis is the Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing, along with our partner, Electrum Global Holdings LP, the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.

Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and responsible for the supervision of the exploration on the Cerro Las Minitas Project and for the preparation of the technical information in this disclosure.

About Gravitas Securities Inc.

Gravitas is known for sophisticated sector expertise, tactical individuals with a commitment to excellence, global integration and innovation, and as a leading independent wealth management and capital markets firm. Gravitas provides a wide range of investment mandates and services for retail and corporate clients globally from offices in Toronto, Calgary and Vancouver and is represented in the United States through its FINRA representative, Gravitas Capital International, in New York and San Francisco.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

On behalf of the Board of Directors

“Lawrence Page”

Lawrence Page, Q.C.

President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver’s website at southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

Neither 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 may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

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