Spearmint Acquires the ‘El North 3’ Claims Package in the Golden Triangle of British Columbia

Vancouver, British Columbia–(Newsfile Corp. – April 1, 2019) – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (“SPMT” or the “Company”)  wishes to announce that it has acquired the ‘El North 3’ claims package. This new acreage will result in a contiguous land package now totalling 17,593 acres bordering Garibaldi Resources Corp. in the Golden Triangle of British Columbia.

James Nelson, President of Spearmint stated, “We are very pleased to be able to acquire this strategic claim block in the Golden Triangle of British Columbia. The Golden Triangle is one of the most prolific world class mining regions where Spearmint maintains a district size land position. As the 2019 work season in the Golden Triangle of BC is quickly approaching, Spearmint is about to enter a very active period of work and news flow. We are committed to increasing shareholder value and we are optimistic about the company’s developments in the near and long term.”

About Spearmint Resources

Spearmint’s current projects also include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of 6 claims consisting of 9,157 acres bordering GT Gold Corp, the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines, and the 920 acre ‘NEBA West’ and 6,803 acre ‘NEBA’ Prospect bordering Aben Resources Ltd. Spearmint’s 17,593 acre ‘EL North’ Nickel-Copper Prospect is a contiguous land package of 6 claims in the Eskay Creek Camp bordering Garibaldi Resources Corp.

Spearmint’s current projects include a portfolio of lithium prospects. The ‘Clayton Valley Lithium Prospects’ in Nevada comprise of two claim blocks totalling 800-acres bordering Pure Energy Minerals & Cypress Development Corp.

Spearmint’s ‘Chibougamau Vanadium Prospects’ comprise of four separate claim blocks totalling 9,735-acres bordering, or in the direct vicinity of the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project and Vanadium One Energy Corp. These claims were staked via MTOnline.

If you would like to be added to Spearmint’s news distribution list, please send your email address to info@spearmintresources.ca.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43772

Advertisements

Relay Medical Strengthens Board of Directors with Established Software, Financial and Pharma Executives

Toronto, Ontario–(Newsfile Corp. – April 1, 2019) – Relay Medical Corp. (CSE: RELA) (OTCQB: RYMDF) (FSE: EIY2)  (“Relay” or the “Company“), an engine of MedTech innovation, is pleased to announce Messrs. Sid Thomas, Medhanie Tekeste and Greg Van Staveren as new appointments to the Company’s Board of Directors. The appointments are effective immediately.

These appointments are consistent with the Company’s expansion and advancement as an integrated MedTech innovator developing technologies for pre-commercial exit transactions and the appointees bring extensive experience in high growth strategies, industry expertise and large cap transactions to Relay’s Board of Directors.

“I am very pleased to welcome Greg, Medhanie and Sid to Relay’s Board of Directors,” said Gerard Edwards, Chairman of the Board, Relay Medical Corp. “Their diverse entrepreneurial growth expertise, technical knowledge and extensive experience in support systems required for larger companies combined with their leadership capabilities will provide Relay with the critical capabilities that will drive the advancement and execution of the Company’s business model.”

Sid Thomas

Mr. Thomas is a successful business leader with executive senior management expertise in software development, software project management and sales development. He was a significant leader in the growth of DMC Inc, a developer of a suite of software products targeted to the financial services sector, until its sale in 2000. At the time of the sale he was President of the Company. In 2003, he founded VERAX Solutions Inc. a software development company, and was instrumental in its substantial growth until its successful sale in 2017. It is expected that Mr. Thomas’ expertise in software growth strategies and execution will provide invaluable support for the Company as it enters the next stage of its growth, with a much greater emphasis on software development capabilities.

Medhanie Tekeste

Mr. Tekeste is an executive with over 20 years of information systems experience including many years of broad-based management expertise in systems development, implementation and support. He is experienced in strategically and cost effectively utilizing technology to achieve corporate goals. He has extensive global experience in service delivery in the pharmaceutical industry including Quality, Manufacturing and R&D processes. Medhanie also has considerable experience in laboratory quality assurance testing and computer systems validation. Currently, he is the Chief Information Officer at Apotex Inc., where he is responsible for delivery of all end to end IT services globally, including Enterprise Architecture, Cloud and platform services, Service Design, Data Governance, Software Quality Assurance and Security Management, Governance, Program Management and Business Enablement.

Greg Van Staveren

Mr. Van Staveren, CPA is the President of Strategic Financial Services, a private company providing ongoing business advisory and support services to emerging companies. In addition to advisory roles, he has acted as Chief Financial Officer, Chief Operating Officer or as a member of Board of Directors for many private and public companies and has been a key part of management for several very successful high growth companies. Until 1998, he was Partner at KPMG, a professional services firm where he provided compliance, advisory and strategic services for his clients. It is expected that Mr. Van Staveren’s management expertise in supporting developing companies will support the growing structures and systems needed for Relay’s growth.

To facilitate the addition of the new directors, the following directors have resigned from the Board of the Company: George Langdon, Richard Janeczko and W. Clark Kent. Mr. Kent will continue in his existing Executive role with the Company. The Company wishes to thank these retiring directors for their work and dedication to the Company.

About Relay Medical Corp.

Relay Medical is an evolving “Integrated MedTech Accelerator” headquartered in Toronto, Canada, acquiring early-stage technologies and inventions, advancing and preparing them for pre-commercial acquisitions in the HealthTech marketplace. By integrating the funding, development and exit process into one organization led and managed by one expert team, Relay Medical is building the capacity to accelerate and transact technologies with high efficiency and grow into a leading engine for MedTech innovation in the global HealthTech marketplace.

Website: www.relaymedical.com

Contact:
W. Clark Kent
President

Relay Medical Corp.
Office. 647-872-9982 ext. 2
TF. 1-844-247-6633 ext. 2
investor.relations@relaymedical.com

Bernhard Langer
EU Investor Relations
Office. +49 (0) 177 774 2314
Email: blanger@relaymedical.com

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the commercialization plans for the HemoPalm product described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43789

Centurion Provides Ana Sofia Operational Update and Initiates Assessment of Strategic Alternatives

Vancouver, British Columbia–(Newsfile Corp. – April 1, 2019) – Centurion Minerals Ltd. (TSXV: CTN) (“Centurion”, or the “Company”) wishes to update investors on current activities:

ANA SOFIA UPDATE

The Company’s Ana Sofia Agri-Gypsum Project (“Ana Sofia”), continues to be plagued by unfavorable external market conditions. Initially it was extreme weather conditions that reduced demand and currently it is severe economic conditions, specifically credit markets and inflation that have severely restricted the agriculture industry’s ability to access credit.

The Company does not anticipate much activity in the industry until such time as the market for fertilizers normalizes and the availability of credit returns. The Company and its partner, Demetra Fertilizantes (“DFSA”) anticipate both issues will be resolved within 2019. In the interim, the Company has taken steps to reduce the Ana Sofia overhead and the project is on standby mode while it continues to pursue the following initiatives:

1) The 7,500 tonnes purchase order from a Paraguayan distributor remains committed (see news releases dated September 12, November 14, and December 24, 2018) and regular communication is occurring between DFSA and the distributor. Agronomists responsible for overseeing gypsum application with the underlying agricultural client continue to delay applications until local conditions have improved.

2) Due to the ongoing currency crisis in Argentina, credit markets remain muted. DFSA has received multiple inquiries from Argentine distributors interested in supplying agri-gypsum fertilizer to their clients provided DFSA extends 90 to 120-day credit facilities to the underlying clients. Given the uncertainty related to inflation rates in Argentina, DFSA is not able to provide, or secure such credit facilities. As such, DFSA is continuing to work with distributors to identify clients with an ability to pay in a temporary credit-constrained economy.

“The Company is committed to ensuring the Ana Sofia project can be restarted immediately upon an improvement in the fertilizer and credit markets. In the interim we have been actively seeking strategic alternatives to revalue the Company, ” said David Tafel, President and Chief Executive Officer of Centurion.

STRATEGIC ALTERNATIVE REVIEW:

The Board of the Company has initiated a strategic review of its current operations and corporate direction and intends to leverage the deep relationships that have been developed through its operations in Argentina, Paraguay and Uruguay.

Several cannabis and hemp producers in Argentina and Uruguay have contacted the Company as it relates to its OPTAMAGRO division and the application of its fertilizers to field grown and greenhouse cannabis and hemp production. The Company has retained an independent agronomist and legal counsel to commence planning related to the application of the OPTAMAGRO product and a detailed review of Argentine and Uruguayan laws regarding medical and recreational cannabis.

Additionally, a select group of South American cannabis and hemp producers have approached the Company to consider a greater and possibly direct involvement in their operations, and the Company is currently evaluating their businesses. Management has also held preliminary discussions with Provincial regulators to investigate the possibilities of the Company expanding into direct cannabis production.

ABOUT THE ANA SOFIA PROJECT

The Project includes an agri-gypsum mine and complete processing facility having a current design capacity of 4,000 tonnes/month. Gypsum is extracted from near-surface, flat-lying beds within the sedimentary formation that extends throughout the Ana Sofia Property, located in Santiago del Estero Province, Argentina. The plant is designed to produce a pellet-sized granular product and a fine powder product (comprised of a minimum 85% gypsum content) that are each packaged into one tonne tote bags. Agricultural gypsum (calcium sulfate dihydrate) is a valuable plant nutrient and plays a vital role in maintaining soil structure and nutrient balance in South American soils, resulting in enhanced crop yields.

The Project comprises two mining concessions totalling 50 hectares (ha) in size within a larger (approximately 600 ha) exploration permit area. The Project is well situated within a region where other small producers are currently extracting agricultural gypsum and selling to fertilizer distributors and farmers. An initial inferred gypsum resource for the Project was estimated (news releases – October 31, 2016 and December 16, 2016) to comprise 1.47 million tonnes averaging 94.1% gypsum, using an 85% cut-off grade that is the minimum required gypsum content for commercial-quality agricultural gypsum products in Argentina.

ABOUT OPTAMAGRO

The Company’s Optamagro division is integrating its current agri-gypsum fertilizer operations with cutting edge satellite imagery and on the ground soil testing. Optamagro intends to procure and oversee the application of agri-gypsum, and other organic minerals, fertilizers and seeds. Approximately 10 million hectares of agricultural land in Argentina has been adversely affected by adverse weather patterns in the last 2 years. Several land acquisition and profit-sharing opportunities have been identified.

ABOUT CENTURION

Centurion Minerals Ltd. is a Canadian-based company with an international focus on the development of agri-mineral fertilizer projects. For additional information on the Ana Sofia project and applications of agri-gypsum, visit our website: www.centurionminerals.com, including: Centurion Minerals – Twitter Account and Demetra Fertilizantes – Instagram Account.

“David G. Tafel”

President and CEO

For Further Information Contact:

David Tafel
604-484-2161

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 concerning future operations of Centurion Minerals Ltd. (the “Company”). All forward-looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections. Such statements include, among others: possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; changes in project parameters as plans continue to be refined; failure of equipment or processes to operate as anticipated; accidents and other risks of the mining industry; delays and other risks related to construction activities and operations; timing and receipt of regulatory approvals of operations; the ability of the Company and other relevant parties to satisfy regulatory requirements; the availability of financing for proposed transactions, programs and working capital requirements on reasonable terms; the ability of third-party service providers to deliver services on reasonable terms and in a timely manner; market conditions and general business, economic, competitive, political and social conditions.

The Ana Sofia project has not been the subject of a feasibility study and as such there is no certainty that a potential mine will be realized or that the processing facility will be able to produce a commercially marketable product. There is a significant risk that any production from the project will not be profitable with these risks elevated by the absence of a compliant NI 43-101 feasibility study. A mine production decision that is not based on a feasibility study demonstrating economic and technical viability does not provide adequate disclosure of the increased uncertainty and specific risks of failure associated with such a production decision. The Company has undertaken market research and studies to try to mitigate these risks. The work carried out to date is of a preliminary nature to assist in the determination as to whether the mineral product is suitable for sale and if there are markets for the mineral product. General risks inherent in the Project include the reliance on available data and assumptions and judgments used in the interpretation of such data, the speculative and uncertain nature of exploration and development costs, capital requirements and the ability to obtain financing, volatility of global and local economic climates, share price volatility, estimated price volatility, changes in equity markets, exchange rate fluctuations and other risks involved in the mineral exploration and development industry. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law.

The Ana Sofia mineral resource estimate is reported in accordance with the Canadian Securities Administrators National Instrument 43-101 and has been estimated using the CIM “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines” dated November 23rd, 2003 and CIM “Definition Standards for Mineral Resources and Mineral Reserves” dated May 10th, 2014. Due to the relatively wide spacing of the historical quarries and the 2016 test pits, which varies between 40 m and 300 m, the Ana Sofia 2 resource described herein is categorized entirely as an inferred mineral resource. Inferred Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the inferred resources as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources will be converted into a mineral reserve in the future. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing or other relevant issues.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43794

Lifestyle Delivery Systems Inc. Announces Resignation of David Velisek as Director

Vancouver, British Columbia–(Newsfile Corp. – March 29, 2019) – Lifestyle Delivery Systems Inc. (CSE: LDS) (OTCQX: LDSYF) (FSE: LD6) (WKN: A14XHT) (“LDS” or the “Company”) announces that effective as of March 27, 2019, David Velisek resigned from the board of directors of the Company, a position he held since September 2010.

The Company would like to thank Mr. Velisek for his past services as director as well as past CEO, and wishes him success in the future endeavours.

Following the resignation of Mr. Velisek, the Company’s board of directors resolved to reduce the number of directors to four and expects to appoint a new director to fill the vacancy at the Annual General Meeting scheduled for April 25, 2019.

About Lifestyle Delivery Systems Inc.

Lifestyle Delivery Systems Inc. is a technology company that licenses its technology to a state-of-the-art production and packaging facility located in Southern California. The Company’s technology produces infused strips (similar to breath strips) that are not only a safer, healthier option to any other form of delivery but also allows for inclusion of a wide spectrum of ingredients from over the counter medications to homeopathic, nutraceutical, vitamins and supplements. The technology provides a new way to accurately meter the dosage and assure the purity of selected product. From start to finish, the production process, based on the Company’s technology, tests for quality and composition of all the ingredients used in each and every strip which results in a delivery system that is safe, consistent and effective.

On behalf of the board of directors of Lifestyle Delivery Systems Inc.

Brad Eckenweiler
CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
investor.relations@lifestyledeliverysystem.com

1-866-347-5058

Cautionary Disclaimer Statement:

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s limited operating history and the need to comply with environmental and governmental regulations. In addition, marijuana remains a Schedule I drug under the United States Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in effect. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, The Company undertakes no obligation to publicly update or revise forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43782

Defiance Announces Results of Shareholder Meeting

Vancouver, British Columbia–(Newsfile Corp. – March 29, 2019) – Defiance Silver Corp. (TSXV: DEF) (OTC: DNCVF) (“Defiance”) is pleased to report that shareholders voted in favour of all items of business at its annual general meeting of shareholders held on March 27, 2019. Dunham Craig was added to Defiance’s board of directors at the meeting. The board now consists of:

  • Peter Hawley
  • Darrell Rader
  • Paul Smith
  • Ron Sowerby
  • Randy Smallwood
  • Dunham Craig

Mr. Craig, P. Geo. was past interim CEO, president of ValOro Resources and has formally worked for Wheaton River Minerals as Vice President of Exploration and Corporate development; Vice President and construction Manager for Glencairn Minerals and Director of Silver Crest Metals Inc & Silver Crest Mining Inc.

The biographies of directors are available at www.defiancesilver.com

About Defiance Silver Corp.

Defiance Silver Corp. (TSXV: DEF) (OTC: DNCVF) (FSE: D4E) is a district scale resource exploration company advancing the San Acacio Deposit, located in the historic Zacatecas Silver District and the 100% owned Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing and developing several operating mines and advanced resource projects. Defiance’s corporate mandate is to expand the San Acacio and Tepal projects to become premier Mexican silver and gold deposits. Please visit our YouTube channel for more information on our projects.

On behalf of Defiance Silver Corp.

“Peter J. Hawley”

President & CEO
Chairman of the Board, Director

For more information, please contact: Sunny Pannu – Corporate Development (604) 669 7315 or via email at pannu@defiancesilver.com

2300 – 1177 West Hastings Street
Vancouver, BC V6E 2K3

www.defiancesilver.com
Tel: 604-669-7315
Email: info@defiancesilver.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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43780

Great Bear Resources Inc., Great High-Grade Gold Results, CEO Clip Video

Vancouver, British Columbia–(Newsfile Corp. – March 29, 2019) – Chris Taylor, President & CEO of Great Bear Resources speaks about the company’s key gold project in Ontario.

If you cannot view the video above, please visit:
https://www.b-tv.com/great-bear-resources-ceo-clip-90sec/

Great Bear Resources is being featured on BNN Bloomberg on Mar. 31, 2019, throughout the day and evening.

Great Bear Resources Ltd. (TSXV: GBR)

greatbearresources.ca

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 90 second video profiles broadcast on national TV and online via 15 top financial sites including: Thomson Reuters, Bloomberg, Yahoo! Finance and Stockhouse.com.

BTV – Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43779

Black Iron Closes First Tranche of Private Placement with Strategic Participation

Toronto, Ontario–(Newsfile Corp. – March 29, 2019) – Black Iron Inc. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN) (“Black Iron” or the “Company”) has closed the first (the “First Tranche”) of two planned tranches of its previously announced non-brokered private placement financing of units of the Company (the “Offering”). The Company issued 17,508,440 units (the “Units”) at a price of $0.06 per Unit for gross proceeds of $1,050,506.

Certain insiders of the Company, including members of senior management and the board of directors, have subscribed for Units pursuant to the First Tranche (the “Insider Participation”). The Insider Participation will be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

A new strategic investor also participated in this Offering that brings value well beyond the cash invested at this time. This investor has expressed an interest to potentially participate in construction financing and may also be able to assist in negotiations with other strategic parties that could make an investment to construct Black Iron’s Shymanivske project.

In the Offering, each Unit consists of one common share of the Company (each a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”) entitling the holder to acquire a Common Share at a price of $0.09 for a period of three years from the date hereof. In the event that the Common Shares of the Company trade at $0.15 or higher on the Toronto Stock Exchange for a period of 10 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

The Company intends to use the net proceeds of the First Tranche to advance the Company’s Shymanivske project (the “Project”), including negotiations to secure essential land surface rights, to further discussions and negotiations on construction financing and for general working capital purposes.

Closing of the First Tranche is subject to receipt of regulatory approval, including final Toronto Stock Exchange approval. The Company paid cash finder fees of $15,940 and issued 105,000 finder warrants to certain finders. Each finder warrant is exercisable at a price of $0.09 into one Common Share for a period of 36 months following the date hereof. The (i) securities underlying the Units; and (ii) the finder warrants and Common Shares underlying the finder warrants, will be subject to a four month hold period that expires on July 30, 2019.

The second tranche of the Offering is expected to close on or before April 5, 2019.

About Black Iron

Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske project located in Kryvyi Rih, Ukraine. The Shymanivske project contains a NI 43-101 compliant resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 31.6% total iron and 18.8% magnetic iron, and Indicated mineral resources of 290 Mt grading 31.1% total iron and 17.9% magnetic iron, using a cut-off grade of 10% magnetic iron. Additionally, the Shymanivske project contains 188 Mt of Inferred mineral resources grading 30.1% total iron and 18.4% magnetic iron. Full mineral resource details can be found in the NI 43-101 compliant technical report entitled “Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” effective November 21, 2017 (the “PEA”) under the Company’s profile on SEDAR at www.sedar.com. The Shymanivske project is surrounded by five other operating mines, including ArcelorMittal’s iron ore complex. Please visit the Company’s website at www.blackiron.com for more information.

The technical and scientific contents of this press release have been prepared under the supervision of and have been reviewed and approved by Matt Simpson, P.Eng., CEO of Black Iron, who is a Qualified Person as defined by NI 43-101.

Cautionary Statement

The PEA is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized.

For more information, please contact:

Black Iron Inc.,
Matt Simpson

Chief Executive Officer
Tel: +1 (416) 309-2138
info@blackiron.com

Forward-Looking Information

This press release contains forward-looking information. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time, including those factors discussed in the section entitled ”Risk Factors” in the Company’s annual information form for the year ended December 31, 2018 or as may be identified in the Company’s public disclosure from time to time, as filed under the Company’s profile on SEDAR at www.sedar.com. Forward-looking information may include, but is not limited to, statements with respect to the Project, the First Tranche, the closing of the Second Tranche, the Offering, the use of proceeds of the Offering, the Company’s ability to acquire the requisite land, the Company’s ability to raise the requisite financing, the mineralization of the Project, the results of the PEA, the realization of the PEA, and future plans for the Company’s development. 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 cause 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: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. 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 actual 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43778