CSE New Listing – Quizam Media Corporation Commences Trading on the Canadian Securities Exchange – Video News Alert on Investmentpitch.com

Vancouver, British Columbia–(Newsfile Corp. – July 16, 2018) – Quizam Media Corporation (CSE: QQ) is the latest new listing on the Canadian Securities Exchange and is in the process of de-listing from the TSX Venture Exchange. Quizam Media produces high quality Media for streaming on the Internet.

InvestmentPitch Media has produced a “video” which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter “Quizam” the search box.

Cannot view this video? Visit:
www.investmentpitch.com

The company is led by CEO Russ Rossi, who initially founded On-Track Corporate Training Ltd, which quickly grew into a multi-national corporate computer training organization and is the only Canadian corporate computer training company in Canada to achieve international stature.

Through the Quizam Group of Companies, Quizam produces and acquires content for both entertainment and corporate education. Entertainment content includes feature films, documentaries and web-episodes, with educational content including IT, graphic and soft skill training.

OnTrackTV is a cloud based learning platform that delivers world class video learning online while simultaneously tracking and documenting learning. Intended for corporations who need to ensure proper rollout and utilization of training, all of the learning is broken down into 3 minute videos delivered by an experienced instructor who delivers the learning content and enhances key points with graphics and computer generated imagery. On-Track has provided content to many of the leading global corporate firms including Telus, Chase Manhattan Bank, Air Canada, and Coca Cola.

Quizam recently signed up Davidson and Company, one of Vancouver’s largest accounting firms, as an ontrackTV customer. Davidson and Company’s managing partner, Grant Block, stated “ontrackTV is Super, Simple and Slick. Our team can learn anywhere, anytime and at any pace. I literally mastered Excel 2016 by viewing the battery of 3 minute videos over a couple of weeks. Love it!

For more information, please visit the company’s website www.QuizamMedia.com, contact Russ Rossi, CEO, at 604-683-0020, or email ir@QuizamMedia.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:

InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

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American Lithium Updates Activities at 22,323 Acre FLV Nevada Prospect

Vancouver, British Colimbia–(Newsfile Corp. – July 16, 2018) – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (FSE: 5LA) (WKN: A2AHEL) (“American Lithium” or the “Company”), a company focused on the discovery and development of lithium in the Americas, is pleased to provide its stakeholders with the following corporate update.

The Company’s primary asset is its wholly owned FLV Project, located in Fish Lake Valley, Nevada, and consists of 22,332 acres of mineral claims highly prospective for lithium in brines, clays and claystones. Since 2016, American Lithium has been extensively engaged in the early exploration and evaluation of the FLV Project. A resurgence of interest in domestic US lithium production and increasingly cost-effective development methods, are bringing increased interest in the region’s production potential. As a result, the Company is stepping up development at the FLV Project.

In early 2018, management completed a $4.2 million financing to fund continued exploration and development of the FLV Project. Subsequent to the financing, the Company acquired an additional 3,575-acre parcel in the valley, the Gap-Lode Project, comprising 167 claims, contiguous to the FLV Project, and particularly prospective for lithium deposits in the resident claystones throughout the claim area.

Highlights

  • Fully funded to complete an upcoming drill program on Fish Lake Valley lithium brine targets;
  • Land holdings increased to 22,332 acres following the acquisition of additional claystone prospective ground within the basin;
  • Ongoing surface mapping and sampling indicating lithium clay stone targets more widespread;
  • Strong interest in Fish Lake Valley due to neighboring $550 million Rhyolite Ridge project generating broad attention;
  • US Government establishes lithium as a strategic metal, emphasizing the importance of domestic supply.

The valley’s prospectivity for lithium and boron is well known since mining began there in the 1880s. Surging lithium demand and rising prices, along with recent strategic metal status being declared by the US Government and breakthroughs in lithium processing methods, have intensified investment focus onto US domestic lithium production. Principal among the Fish Lake Valley lithium deposits under evaluation are lithium claystones, such as the Rhyolite Ridge project undertaken by Global Geosciences Corp., which adjoins the FLV Project, and is responsible for Global Geosciences’ $550 million market cap.

To date, American Lithium’s exploration at the FLV Project includes:

  • drilled 200 shallow auger holes with results up to 300 ppm lithium in the brines;
  • sampled over 1000 ppm lithium in the surface playa sediments;
  • drilled 4 deeper boreholes, up to 490 feet, with increasing salinity;
  • developed and updated a detailed basin model based on over 2000 gravity stations;
  • integrated historical drilling by Lithium Corp, US Borax and Fish Lake geothermal into the model;

Information garnered from this early work has led the Company to model two potential lithium brine pools in the FLV basin. In addition, the lithium rich claystones on the benches of Global Geoscience, present as outcrops on the east, west and north flanks of the Company’s ground. Based on this information and a proprietary detailed geologic model, American Lithium is presently:

  • trenching, logging and mapping the lithium Claystone outcrops;
  • preparing to drill two to three 2000 foot stratigraphic drill holes in summer 2018;
  • preparing to complete a 12 mile 2D seismic and geophysics program;
  • investigating and negotiating water rights and geothermal workings;

In June, the Company began an integrated geologic and geochemical study of the Gap-Lode project to identify and prioritize target zones for auger sampling, trenching and drilling. Presently, Company field crews are onsite surface trenching and mapping the extent of outcropping lithium claystones.

The technical information within this news release has been reviewed and approved by Michael Collins, P.Geo., a consultant to the Company and a qualified person under National Instrument 43-101.

In related news, American Lithium Corp. has recently updated its website and invites investors to become more familiar with its affairs by viewing the site at www.americanlithiumcorp.com, or contact us directly at info@americanlithiumcorp.com.

On behalf of the Board,

American Lithium Corp.
Michael Kobler, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium’s most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

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CORRECTION: Tudor Gold Updates Information Respecting Non-brokered Private Placement

Vancouver, British Columbia–(Newsfile Corp. – July 16, 2018) – Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the “Company” or “Tudor Gold”) provides a correction as to the number of Units issuable under its planned non-brokered private placement to raise gross proceeds of up to $1,000,000. Under the private placement, up to 2,857,142 Units may be issued (not 1,000,000 Units as previously disclosed in the Company’s July 13, 2018 news release). A complete and corrected version of the original news release follows:

***

Vancouver, British Columbia — July 13, 2018 – Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the “Company” or “Tudor Gold”) is pleased to announce that it plans to arrange for a non-brokered private placement to raise gross proceeds of up to $1,000,000, including anticipated insider participation of up to $200,000.

The private placement will be comprised of up to 2,857,142 units of the Company (the “Units”) at a price of $0.35 per Unit. Each Unit will be comprised of one common share and one transferable common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.55 for a period of two years from closing of the private placement.

The proceeds from the sale of the Units will be used to advance exploration of the Company’s mineral properties in the Golden Triangle of northwestern B.C. and for general corporate and working capital purposes.

All securities to be issued pursuant to the private placement will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals including from the TSX Venture Exchange.

About Tudor Gold

Tudor Gold is a precious and base metals explorer in British Columbia’s Golden Triangle, an area which hosts multiple past-producing mines and several large world-class deposits that are approaching potential development. The Company has a 60% interest in both the Electrum and Treaty Creek properties, and a 100% interest in several other mineral properties, all of which are located in the Golden Triangle area.

“Walter Storm”
Walter Storm
President and Chief Executive Officer

For further information, please visit the Company’s website at www.tudor-gold.com or contact:

Aris Morfopoulos
Chief Financial Officer & Corporate Secretary
Tel: 604-721-2650
Email: aris@tudor-gold.com

Or

CHF Capital Markets
Cathy Hume
CEO
Tel: 416-868-1079 x 231
Email: cathy@chfir.com

Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.

All statements including, without limitation, statements relating to the ability to complete the offering on the proposed terms or at all, anticipated use of proceeds from the offering and receipt of regulatory approvals with respect to the offering as well as any other future plans, objectives or expectations of the Company are forward-looking statements that involve various 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 plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forwardlooking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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.

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Augusta Provides Updates

Toronto, Ontario–(Newsfile Corp. – July 16, 2018) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”), a developer and marketer of patented non-intrusive sensing systems, would like to provide a general update.

Clean Growth Program

Further to its press release of March 5, 2018, the Corporation reports that the letter of intent that was submitted by its wholly owned subsidiary, Fox-Tek Canada Inc. (“Fox-Tek”), to the Green Growth Program was not chosen as one of the 100 proposals to proceed to the full project proposal stage.

The Clean Growth Program covers five areas focused on pressing environmental challenges and economic opportunities facing Canada’s natural resource operations:

  • Reducing greenhouse gas and air-polluting emissions.
  • Minimizing landscape disturbances and improving waste management.
  • The production and use of advanced materials and bio-products.
  • Efficient energy use and productivity.
  • Reducing water use and impacts on aquatic ecosystems.

The program received approximately 750 proposals and of these, only 400 proposals were selected for expert evaluation, of which Fox-Tek’s proposal, which was focused on landscape disturbances and waste management in the energy sector, was one of those chosen. Of the 400 proposals, only 100 were invited to participate in the full project proposal stage. Due to the high number of quality submissions received by the Clean Growth Program, Fox-Tek’s proposal was not on the 100 asked to proceed to the next stage.

Although the Fox-Tek proposal will not be participating in the full project proposal stage, it was identified, at the expert evaluation stage, as being a project having substantial merit. As such, the Clean Growth Program has notified Fox-Tek that it will be introducing the company’s proposal to the Clean Growth Hub and other federal and/or provincial programs with the intention of securing government funding to proceed with its proposal.

The Clean Growth Hub is a “whole-of-government” focal point for the Government of Canada’s clean technology ecosystem focused on supporting companies and projects.

Shareholders’ Meeting

The Corporation is pleased to announce that at its annual and special shareholders’ meeting held on July 11, 2018, the shareholders approved the following matters:

  1. The appointment of Messieurs Allen Lone, Warren Goldberg, Tony Boogmans, Steve Ewaskiw and Jay Vieira as directors.
  2. The appointment of Wasserman Ramsay, Chartered Accountants, as auditors of the Corporation.
  3. The ratification of the Corporation’s stock option plan.
  4. The proposed change of business of the Corporation from an ‘industrial issuer’ to an ‘investment issuer’.
  5. The proposed change of the Corporation’s name from its current form to “IntellaEquity Inc.”
  6. The proposed sale of all of the issued and outstanding securities of Fox-Tek to Mooncor Oil & Gas Corp. pursuant to an amalgamation agreement dated June 11, 2018.
  7. The proposed consolidation of the Corporation’s issued and outstanding common shares on an one (1) for up to twenty (20) basis.
  8. The proposed delisting of the Corporation’s common shares from the TSX Venture Exchange and the listing of its shares for trading through the facilities of the Canadian Securities Exchange. 

The Corporation would like to thank all of its shareholders that voted their shares in favor of the matters presented and the Corporation will provided updates on same as they become available.

Extension of Warrants

The Corporation will also like to announce that it has received TSX Venture Exchange approval and as of July 14, 2018, the expiry date of the 20,200,000 common share purchase warrants (the “Warrants”) of the Corporation was extended from July 14, 2018 to July 14, 2020.

The Warrants, which were originally issued on July 14, 2015, were issued pursuant to the Corporation’s private placement offering of 20,200,000 units. Each Unit was comprised of one (1) common shares and one (1) common share purchase warrant (the “Warrant”). Each Warrant entitles the holder thereof to acquire one (1) common share at an exercise price of $0.07 per share at any time until close of business on July 14, 2018.

Each Warrant, as amended, will entitle the holder thereof to purchase one common share of the Corporation at any time until the close of business on July 14, 2020 at an exercise price of $0.07 per common share. All other provisions of the Warrants will remain the same.

About the Corporation:

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”), Paragon Blockchain Inc. (“Paragon”) and Fox-Tek, the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Paragon has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process. Blockchain technology is of critical importance to Fox-Tek as well particularly the expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world.

Corporation contact:

Allen Lone, President and C.E.O
Tel: (905) 275 -8111 Ext 226
email: atlone@FOX-TEK.com

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

This press release contains forward-looking statements based on assumptions, uncertainties and managements best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporations periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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ePower Metals Starts Summer 2018 Exploration Program on Panther Creek Cobalt Project

Vancouver, British Columbia–(Newsfile Corp. – July 16, 2018) – ePower Metals Inc. (TSXV: EPWR) (the “Company” or “ePower”) has started the summer 2018 Panther Creek exploration program. Geological teams are expanding the 2017 soil sample survey, conducting geological and structural mapping and rock sampling to identify discrete targets for trenching and drilling.

Exploration will focus on evaluating historic workings on the Long Dike and Little Deer Creek prospects, following up highly anomalous rock and soil samples from the 2017 fall program (including 0.37% Co, 3.10 g/T Au and 1.75% Cu over 1.5m), and prospecting for previously unrecognized Au-Co-Cu mineralization. For further details of the 2017 fall sampling results please see the Company’s news release dated January 22, 2018.

According to historic reports*, the Long Dike prospect includes a shaft, one long and six short adits with underground working totalling at least 500 feet (152 metres) and the Little Deer Creek prospect includes at least five adits. A 3m chip sample collected by the USGS* from mineralized zone at the Little Deer Creek prospect returned 1.04% Co and 4.14% Cu. Geologists will determine if it is viable to safely enter and evaluate the historic workings.

President Michael Collins comments, “We are pleased with the progress of the Panther Creek project since signing the option agreement in fall of 2017 and impressed with both the cobalt grades as well as the high-grade gold we have identified in secondary vein/breccia outcrops. We look forward to the results from this summer’s programs with the aim of drilling for cobalt in the fall of 2018. It will be a busy year at Panther Creek.”

Permitting of road reactivation with a stream crossing and drilling sites is underway.

The Panther Creek Cobalt Property

The Panther Creek Cobalt Property comprises 153 unpatented lode mining claims (~3,060 acres, ~1238 hectares) and two patented mining claims (41.3 acres, 16.7 hectares) located in the heart of the Idaho Cobalt Belt. ePower has earned a 50% interest in the property and has the right to earn up to a 100% interest.  The Panther Creek Cobalt Project adjoins eCobalt Solutions Inc.’s Idaho Cobalt Project (Ram deposit), the only advanced stage, near-term, environmentally permitted, primary cobalt project in the United States, and the historic Blackbird Cobalt-Copper Mine in Lemhi County, Idaho.

There are several historic mine workings on the property. Channel sampling by US Geological Survey at the Little Deer Creek Prospect returned 1.04% cobalt and 4.14% copper across 10 feet or 3.0 metres, and a dump grab sample from the historic workings at the Sweet Repose Adit assayed 0.46% cobalt and 0.27% copper (US Geol. Survey, Open File Report 98-478). The Long Dike Prospect, which are on the patented claims, has not been sampled but reportedly has several adits and at least 500 feet (152 metres) of underground workings. The cobalt-copper mineralization is hosted in the micaceous quartzites of the Apple Creek Formation which is a similar geological setting as the historic Blackbird Mine as well as eCobalt’s Ram deposit.

Aside from some limited surface rock and soil sampling on the property by Utah Mineral Resources LLC and most recently by ePower in late 2017, no significant work has been done on the property since the 1950s. Utah Mineral Resources LLC sampled surface rocks with up to 0.91% cobalt and 3.63% copper in grab samples.

*The grades and descriptions stated in the USGS reports and by Utah Mineral Resources LLC have not been verified by the Company, and readers are cautioned not to place undue weight on such results. The historical grades are considered relevant; however, the reliability, assumptions, parameters and methods used in preparing the reports are unknown.

Bruce Kienlen, P.Geo., VP Exploration, is the Qualified Person for the Panther Creek Project.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins
President and CEO

For further information, please contact:
ePower Metals Inc.
1507 – 1030 West Georgia Street,
Vancouver BC, V6E 2Y3
Telephone: (604) 428-6128
Facsimile: (604) 428-6430
Website: www.epowermetals.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 news release.

We seek safe harbor.

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Eureka Drilling and Transaction Update

Vancouver, British Columbia–(Newsfile Corp. – July 16, 2018) – Eureka Resources, Inc. (TSXV: EUK) (“Eureka” or the “Company“) is pleased to announce that the Company has filed a joint management information circular with Kore Mining Ltd. (“Kore”), which discloses the final terms of the amalgamation agreement dated February 24, 2018 (the “Agreement“) between the Company and Kore, a private British Columbia corporation based in Vancouver, BC, pursuant to which Eureka has agreed to acquire all of the outstanding common shares of Kore (each, a “Kore Share“) in exchange for the issuance of common shares of Eureka (each, a “Eureka Share“) by way of a three-cornered amalgamation (the “Transaction“) among Kore, the Company and a wholly-owned subsidiary of the Company. Kore, indirectly through its wholly-owned US subsidiaries, owns 100% interests in the Imperial and Long Valley gold development projects, located in California, USA (together, the “Projects“). The Projects comprise development stage (and historic feasibility stage) assets with over 141,225 metres of historic drilling.

The Transaction will constitute a reverse takeover (an “RTO“) of Eureka by Kore under the policies of the TSX Venture Exchange (the “Exchange“).

The meetings of the shareholders of Eureka and Kore will be held on July 23, 2018.

Conditions to the Transaction

The Transaction remains subject to a number of terms and conditions, including, among other things:

  • Eureka and Kore obtaining all necessary consents, orders and regulatory approvals, including the approval of the Exchange;
  • completion of a private placement by Eureka for minimum gross proceeds of $2,250,000;
  • there being no material change occurring with respect to the business of Eureka or Kore;
  • the satisfaction of obligations under the Agreement relating to each of the parties; 
  • the delivery by each of the parties of standard closing documents, including legal opinions; and
  • approval of the Transaction by the shareholders of Kore and Eureka, as required by applicable corporate law and the policies of the Exchange.
Operational Update
Drilling has now commenced at Eureka’s 100% owned Gold Creek Property, located in the Cariboo Mining Division. It is expected that exploration will consist of approximately six holes on the Gold Creek Property, followed by drilling of up to 15 diamond drill holes on Eureka’s FG Property.

Gold Creek
Gold Creek is a grassroots gold project neighbouring the Spanish Mountain deposit owned by Spanish Mountain Gold Ltd. (TSXV: SPA).
Eureka’s first drill program at Gold Creek served as both due diligence and verification of the work conducted in 2008 and 2011 by Bullion Gold Ltd., as well as assisted in the design of current and future exploration programs. The current program will focus on delineating strike, width and depth of the “Camp” zone as well as other prospective areas on the property.
GC17-033   From (m) To (m) Width (m) FA Au g/t Screen Metallic Au g/t
 
Significant Intersection 13.00 28.00 15.00 0.71 0.97
  Including 21.20 25.00 3.80 1.66 1.77
 
Significant Intersection 40.00 85.00 45.00 0.64 0.39
             

 

GC17-034   From (m) To (m) Width (m) FA Au g/t Screen Metallic Au g/t
 
Significant Intersection 10.00 28.30 18.30 2.92 1.10
  Including 16.00 25.00 9.00 5.53 1.14
  Including 17.50 19.00 1.50 17.95 0.33
             

 

GC17-035   From (m) To (m) Width (m) FA Au g/t Screen Metallic Au g/t
 
Significant Intersection 85.85 170.50 84.65 0.96 0.71
  Including 88.70 89.80 1.10 3.59 5.03
  Including 112.00 115.00 3.00 1.59 5.05
  Including 136.25 137.50 1.25 33.20 5.76
  Including 143.50 145.00 1.50 8.11 1.09
             

 

Diamond drilling in 2017 has confirmed the orientation of gold mineralized structures in the Camp zone strikes E-E to WNW-ESE which extends eastward from the Paquette Valley. Gold mineralization is contained either within highly Fe-carbonate, sericite, and silica altered and pyritic fault zones or within fractured and quartz-carbonate-pyrite veined greywacke and andesite tuff units in close proximity to fault zones. The strongest gold mineralization occurs within vertical to near vertical sheeted quartz-carbonate-pyrite veins within greywacke units and this style of mineralization occurs along an WNW-ESE trending zone that has been traced along strike for ~ 300 m and is open to the east and to depth. The 2018 proposed drill program will follow up on sedimentary hosted near surface and higher grade vertical stockwork, veins and veinlets within the lower grade halos. The gold mineralization is found to be contained within the same Mesozoic sedimentary package as at Spanish Mountain located approximately 8 km to the southeast, and as at the Company’s FG property approximately 45 km to the southeast.

FG Property

Eureka’s 100% owned FG Gold property is an advanced-stage gold project located in the Cariboo Mining Division. Historical exploration has established a Measured and Indicated (376,000 ounces) gold resource at an average grade of 0.776 g/t gold, using a cut-off grade of 0.5 g/t, and an Inferred gold resource (634,900 ounces) at an average grade of 0.718 g/t gold, using a cut-off grade of 0.5 g/t. Details of the gold resource can be found in “NI 43-101 Technical Report, Frasergold Exploration Project, Cariboo Mining Division, dated July 27, 2015” available under the Company’s profile on SEDAR or on the Company’s website.

About Kore

Kore is a development stage company that offers exposure to precious metals exploration and development in North America, with a corporate strategy focused on the identification and acquisition of attractive development and advanced exploration stage projects.

Kore was incorporated under the provisions of the Business Corporations Act (British Columbia) on February 22, 2016. There are currently 18,707,202 Kore Shares issued and outstanding.

About Eureka

Eureka is a mineral exploration company based in Vancouver, British Columbia.

British Columbia, Canada

Eureka’s 100% owned FG Gold property is an advanced-stage gold project located in the Cariboo Mining Division. Historical exploration has established a Measured and Indicated (376,000 ounces) gold resource at an average grade of 0.776 g/t gold, using a cut-off grade of 0.5 g/t, and an Inferred gold resource (634,900 ounces) at an average grade of 0.718 g/t gold, using a cut-off grade of 0.5 g/t. Details of the gold resource can be found in “NI 43-101 Technical Report, Frasergold Exploration Project, Cariboo Mining Division, dated July 27, 2015” available under the Company’s profile on SEDAR or on the Company’s website.

Eureka has a 100% interest in the Gold Creek property located in the Cariboo Mining Division. Gold Creek is a grassroots gold project neighbouring, and with similar geology to the Spanish Mountain deposit owned by Spanish Mountain Gold Ltd.

Yukon Territory, Canada

Eureka’s 100% owned Luxor property consists of three non-contiguous claim blocks totalling 360 mining claims. Luxor is located in the Dawson Range Gold Belt, a district of major porphyry, breccia and vein occurrences. Eureka’s 100% owned TAK property is also located in the Dawson Range Gold Belt and consists of 82 mining claims.

Neighbouring projects include Goldcorp’s Coffee project and White Gold’s White Gold project.

Nevada, USA

Eureka owns a 50% interest in the Gemini lithium brine project located approximately 40 kilometres (26 miles) south of North America’s only producing lithium mine at Silver Peak, Nevada.

Technical information with respect to Eureka contained in this news release has been reviewed and approved by Kristian Whitehead, P.Geo., the Company’s designated Qualified Person within the meaning of National Instrument 43-101. 

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the Shares in the United States. The Shares 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.

Further information on Eureka can be found on the Company’s website at www.eurekaresourcesinc.com and at www.sedar.com, or by contacting Michael Sweatman, President and CEO, by email at info@eurekaresourcesinc.com or by telephone at (604) 449-2273.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.

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

All information contained in this news release with respect to Eureka and Kore was supplied by the parties, respectively, for inclusion herein, and Eureka and its directors and officers have relied on Kore for any information concerning such party, including information concerning the Projects.

This news release contains forward-looking statements relating to the timing and completion of the Transaction, the future operations of the Company, Kore, and the Resulting Issuer 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 Transaction and the future plans and objectives of the Company, Kore, and the Resulting Issuer 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, Kore’s, and the Resulting Issuer’s expectations include the failure to satisfy the conditions to completion of the Transaction set forth above and other risks detailed from time to time in the filings made by the Company, Kore, and the Resulting Issuer 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, Kore, and the Resulting Issuer. As a result, the Company, Kore, and the Resulting Issuer cannot guarantee that the Transaction 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, Kore, and the Resulting Issuer will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

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International Lithium Closes Final Tranche of CAD $1,800,000 Private Placement

Vancouver, British Columbia–(Newsfile Corp. – July 16, 2018) – International Lithium Corp. (TSXV: ILC) (the “Company” or “ILC“) announces that it has closed the final tranche of the previously announced CAD $1,800,000 non-brokered private placement (the “Private Placement“) of secured convertible debentures (the “Debentures“) to raise proceeds of CAD $625,000. The total funds raised for this private placement is CAD $1,800,000.

The Debentures will mature on June 30, 2019 and bear interest at a rate of 15% per annum, payable quarterly. The debentureholders may convert at any time, all or a portion of the convertible loan principal into common shares of the Company at a price of CAD $0.085 per common share in the first year from the date of issue, and CAD $0.10 per common share thereafter.

The Debenture will be secured by a general security agreement against the Company’s assets. All private placement securities will be restricted from trading for a period of four months and one day from closing. The Company has the right to give notice of repayment of the convertible debenture, at any time after three months from the date of advance, although in this event the debenture holder has the right to convert into shares rather than receiving repayment.

Directors and officers of the Company participated in CAD $709,500 of the Private Placement. The issuance of private placement securities to non-arms’ length parties constitutes a related-party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). Because the Company’s shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The Company did not file a material change report 21 days prior to the closing of the private placement because the Company wished to complete the Private Placement in a timely manner.

Commenting on the successful closing of the private placement, John Wisbey, Chairman and CEO said, “Since March 2018, when I took over my role as CEO of ILC, we have now raised just under CAD$ 3 million in financings. This is the largest amount of money that ILC has raised since its IPO in May 2011. This was necessary to restore the financial health of the Company and to keep up with project commitments, but it has now been achieved, and it has successfully allowed us to be ahead of the funding curve as we promised.”

Given our lack of revenue before our properties go into production, and our wish to continue to fund the Mariana lithium project, further funding will be required to keep us in this position and to improve our liquidity further. We intend to take steps in the next few months to target new investors in both North America and Europe.”

About International Lithium Corp.

International Lithium Corp. has a significant portfolio of projects, strong management, and a strategic partner and keystone investor, Jiangxi Ganfeng Lithium Co. Ltd., (“Ganfeng Lithium”) a leading China-based lithium product manufacturer.

The Company’s primary focus is the strategic stake in the Mariana lithium-potash brine project located within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totaling 160 square kilometres that ranks as one of the more prospective salars or ‘salt lakes’ in the region. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, ownership of which will be revised shortly to 82.754% by Ganfeng Lithium and 17.246% by ILC in order to reflect each party’s current JV interest. In addition, ILC has an option to acquire 10% in the Mariana project through a back-in right.

Complementing the Company’s lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects, and the Avalonia project in Ireland, which encompasses an extensive 50km-long pegmatite belt.

The ownership of the Avalonia project is currently 55% Ganfeng Lithum and 45% ILC. Ganfeng Lithum has an option to earn an additional 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithum and 21% ILC.

The Mavis and Raleigh projects are under option to partner Pioneer Resources Limited pursuant to which Pioneer can acquire up to a 51% interest in the projects.

The Mavis, Raleigh and Forgan projects together form the basis of the Company’s Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.

With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow’s “green tech”, sustainable economy. By positioning itself with solid strategic partners and projects with significant resource potential, ILC aims to be one of the green tech resource developers of choice for investors and to continue to build value for its shareholders.

International Lithium Corp.’s mission is to find, explore and develop projects that have the potential to become world-class lithium, potash and rare metal deposits. A key goal is to become a well funded company to turn that aspiration into reality.

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

For further information concerning this news release please contact +1 604-449-6520

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.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this news release may include: the timing and anticipated results of drilling on the Mavis Lake Project, the expectation of feasibility studies, lithium recoveries, modeling of capital and operating costs, results of studies utilizing membrane technology at the Mariana Project, budgeted expenditures and planned exploration work on the Avalonia JV, and continued agreement between the Company and Jiangxi Ganfeng Lithium Co. Ltd. regarding the Company’s percentage interest in the Mariana project. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Forward-Looking Statements” in the interim and annual Management’s Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended 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.

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

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