Global UAV, Major Telecom and VineView Perform 4G Supported Agriculture Survey at Jost Vineyards

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) – Global UAV Technologies Ltd. (CSE: UAV) (OTC: YRLLF) (FSE: YAB2) (the “Company” or “Global UAV”), a diversified and vertically integrated drone technology company, recently completed a 4G drone technology proof of concept mission with Jöst Vineyards, VineView – Scientific Aerial Imaging, Inc., (“VineView”) and a major Canadian Telecommunications partner.

Global UAV provided the 4G enabled Procyon 800E helicopter drone platform and specialized imaging payload, pilots and engineering support for the project.

The mission demonstrated a real word application of cutting-edge drone technology for the “Digital Vineyard of the Future” project. The mission provided valuable quantitative scientific data to the vineyard. Global UAV flew a 4G enabled multi-spectral imaging survey over Jöst Vineyards in Nova Scotia with a Procyon 800E helicopter, the company’s proprietary drone that is designed, engineered and manufactured by Global UAV’s subsidiary, NOVAerial Robotics Inc. A key factor and technical aspect of the mission was to demonstrate drone-enabled real-time data transfer capabilities over the 4G cellular network.

The project partners included one of Canada’s largest telecommunications companies. Global UAV worked with VineView and the telecommunications partner to integrate the 4G technology onto the Procyon 800E UAV platform, fly the survey and transfer the data over the 4G network in real-time during flight. VineView post-processed and interpreted the multi-spectral imagery and produced diagnostic maps used by Jöst Vineyards for crop uniformity optimization, irrigation management, harvest planning, and plant health information.

By completing this project Global UAV has established an additional business opportunity vertical it can access by providing “high value crop” surveys which can be managed within the existing business units of Global UAV.

The survey was flown over the Jöst Vineyards in Malagash, Nova Scotia, part of the Devonian Coast Wineries group. Jöst Vineyards will use the optimized data to determine plant health and harvest information as a part of the “Digital Vineyard of the Future” project on which all the above companies and partners are collaborating.

“This is a pivotal opportunity for Global UAV and emphasizes the broad exposure to major telecom partners that our innovation and 4G technology development efforts have landed. In addition, we are excited to reveal the new technology our Company brings to the viticulture and agriculture industry. Collaboration with VineView, Jöst Vineyards and the major telecom partner confirms Global UAV’s emergence as an industry leading drone technology company with wide technology applications across many industry verticals. The application of this technology demonstrates Global UAV’s ability to deploy “real world” solutions that can extend and accelerate our business opportunities,” commented Michael Burns, CEO, Global UAV Technologies Ltd.

“Fine wine making is in the growing of grapes with specific qualities, where many variables have to be taken into consideration. We see these emerging technologies offering excellent opportunities for integrated measurement and management of our vineyards and focus on Precision Viticulture,” stated Jonathan Rodwell, Director of Viticulture and Winemaking, Jöst Vineyards.

About Global UAV Technologies Ltd.

Global UAV Technologies Ltd. is a diversified, vertically integrated drone technology company within the commercial Unmanned Aerial Vehicle (“UAV”) sector. Through its wholly owned subsidiaries – Pioneer Aerial Surveys Ltd., High Eye Aerial Imaging Inc., UAV Regulatory Services Inc., and NOVAerial Robotics Inc.— Global UAV Technologies Ltd. provides a full spectrum of UAV-based services and products including drone research and development and manufacturing, flight services and regulatory compliance. Global UAV Technologies Ltd. will continue its growth through technology development, expanding the business of its current divisions and the continued evaluation of potential acquisitions. Global UAV is well positioned for growth as a vertically integrated drone technology company.

About Jöst Vinyards

The largest of Devonian Coast Wineries vineyards, Jöst Vineyards is nestled in the gentle hills and sheltered coastal inlets of the Northumberland shores. The longest operating and largest winery in Nova Scotia, Jöst Vineyards is a pioneer of the Nova Scotia wine industry producing distinctive wines and styles, which have won hundreds of national and international awards. For more information visit: www.devoniancoast.ca.

About VineView

VineView has emerged as the leading provider of crop diagnostics for vineyards, working with some of the most prestigious wine brands in the world. Backed by over 15 years of unparalleled industry experience, VineView delivers innovative, custom data solutions that assist in crop uniformity optimization, irrigation management, harvest planning, disease mapping, and much more. For more information visit www.vineview.com.

On behalf of the Board of Directors,

“Michael Burns”
Michael Burns
CEO & Director

For additional information please contact:

Global UAV Technologies Ltd.
Investor Information
Telephone: 1 888-905-7011
Email: ir@globaluavtech.com
www.globaluavtech.com

We invite all shareholders and stakeholders to join the Global UAV Technologies Ltd. portal on 8020 Connect. Connect here: http://bit.ly/GlobalUAV

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

Forward-Looking Statement

Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in public markets, service industries, manufacturing and the UAV Sector. As a result, actual results may vary materially from those described in the forward-looking statements.

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Powerband Appoints INFOR Financial Inc. for Market Maker Services

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) –  PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (FSE: 1ZVA) (“PowerBand” or the “Company”), a leading online auction and remarketing platform to buy and sell used vehicles, is pleased to announce that it has retained INFOR Financial Inc. (“INFOR Financial“) to provide market making services on the TSX Venture Exchange (the “TSX-V“), in compliance with the policies and guidelines of the exchange.

INFOR Financial will trade the securities of PowerBand on the TSX-V for the purpose of maintaining an orderly market and to provide liquidity of PowerBand’s common shares. PowerBand will pay INFOR Financial $6,000 per month for a minimum term of four months renewable every month thereafter.  Each party will have an option to cancel upon thirty days’ prior notice. There are no performance factors contained in the agreement and INFOR Financial will not receive shares or options as compensation. INFOR Financial and PowerBand are unrelated and unaffiliated entities, but INFOR Financial and/or its clients may have an interest, directly or indirectly, in the securities of PowerBand.

About PowerBand

PowerBand is a technology provider listed on the TSX Venture Exchange that is developing solutions for automotive and other industries that drive efficiency and transparency in the marketplace. PowerBand has developed and commercialized a leading-edge online auction platform that increases revenues and profit margins for its automotive dealership, Original Equipment Manufacturer, commercial fleet and rental company customers. PowerBand’s remarketing platform, the PowerBand Exchange, incorporates the industry’s latest auction technologies, inventory management, market intelligence, and appraisal processes.

About INFOR Financial

INFOR Financial Inc. is a leading Canadian independent investment bank offering advice on mergers and acquisitions, capital raises, risk management, private funds and corporate restructurings.  Since inception, INFOR Financial Inc. has consistently been ranked as one of the top independent M&A advisors in Canada.

For further information, please contact:

Richard Goldman, VP Corporate Development
1-866-768-7653
rgoldman@powerbandsolutions.com


FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements relating to 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 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.

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, we cannot guarantee that any forward-looking statement will materialize and 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 at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

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

Village Farms Exclusive Onsite Video and Interview — CFN Media

Seattle, Washington–(Newsfile Corp. – October 23, 2018) – FN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article and exclusive executive video interview discussing how Village Farms International Inc. (TSXV: VFF) (OTCQX: VFFIF) is leveraging its 30 years of experience as a vertically integrated greenhouse grower for the rapidly emerging global cannabis opportunity. The company is initially focused in Canada through its 50% ownership of British Columbia-based joint venture Pure Sunfarms Corp., which is rapidly expanding cannabis production and on track to be one of the single largest cannabis growing operations in the world. Expansion into cannabis production is expected to significantly transform the earnings power of Village Farms.



If the video does not appear, please follow the link to watch on YouTube:

https://www.youtube.com/watch?v=GEYqZY02x3k

Pure Sunfarms has completed conversion of and is growing cannabis in the first half of its 1.1 million square foot state-of-the-art greenhouse in Delta, British Columbia for supply to the legal adult-use market in Canada. Conversion of the remaining 550,000 square feet continues to progress on plan and remains on schedule for completion before the end of this year. In addition, Pure Sunfarms has the potential to expand production in Canada to 4.8 million square feet through options on two additional greenhouses currently owned by Village Farms that are immediately adjacent to the 1.1 million square foot facility.

The technologically-advanced Pure Sunfarms greenhouse design is based on decades of large-scale, low-cost agricultural production experience and extensive cannabis expertise, resulting in a state-of-the-art facility with 17 grow rooms optimized for year-round harvesting (more than 85 harvests annually) and an automated processing line encompassing harvesting, trimming, drying and packaging.

Village Farms reports that Pure Sunfarms’ production ramp up is exceeding expectations. There are currently multiple strains in production, and the company is selling product to other Licensed Producers for the newly-christened legal adult-use market, as it advances toward potential distribution agreements with provincial government buyers. Importantly, Pure Sunfarms is well on its way to attaining its stated goal of achieving a production cost below $1/gram and becoming the low-cost producer in Canada.

Beyond Canada, independent of the Pure Sunfarms joint venture, Village Farms owns and operates 5.7 million square feet of greenhouse facilities (including one of the most technologically advanced greenhouses in the world) in West Texas, one of the best growing environments in North America. With unmatched operational capabilities in large-scale, low-cost growing, Village Farms is uniquely positioned for potential future opportunities in industrial hemp and/or cannabis, should those products be legalized under the relevant jurisdictions. Village Farms’ CEO, Michael DeGiglio, believes the additional learnings gained through the conversion and production ramp at the Pure Sunfarms facility in Canada will be of tremendous value as the company pursues U.S. and other international opportunities.

Please follow the link to read the full article and see the video: http://www.cannabisfn.com/village-farms-exclusive-onsite-video-interview/

About CFN Media

CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.

Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany.

Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8.

Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com.

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate.

CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/.

Frank Lane
206-369-7050
flane@cannabisfn.com

FluroTech Designs a Cocaine Test for Roadside Impairment Testing

Calgary, Alberta–(Newsfile Corp. – October 23, 2018) –  FluroTech Ltd. (TSXV: TEST), (“FluroTech” or the “Company“), a developer of a human saliva-based testing device designed to accurately measure concentrations of ∆9-tetrahydrocannabinol (“THC”), methamphetamines and cocaine, is pleased to report that it has achieved the proof of concept to specifically detect cocaine below the 50 ng/ml cut-off, as required for roadside testing by the Canadian Society of Forensic Science Drugs and Driving Committee (DDC) for Drug Screening Equipment. The development team will continue to validate the cocaine test and prove concept for THC and methamphetamines prior to commercialization of the drug test kits. Once the drug test kits are complete, they can be modified for employee testing with the CompleTest™ devices that are currently in production.

“With recreational cannabis legalized, law enforcement agencies and drug recognition experts will be under the microscope to correctly identify drivers who are under the influence of any drug that impacts their ability to drive in a safe and responsible manner,” said FluroTech CEO Danny Della-Longa. “Having a device to definitively, quickly and accurately measure various drug levels in saliva to assist the drug recognition experts is a benefit to all members of society. Adding the ability to detect methamphetamines and cocaine to the ability to detect THC on a parts per billion (ppb) basis will help keep the streets safe.”

The design of the roadside testing device for the drugs required by the DDC is complete and prototyping is underway. The device was designed with the following goals:

  • Accurate testing in a wide range of ambient temperatures

  • Effectively suppresses background substrates

  • Limited wait time before commencing the testing process

  • Saliva swabs to be completed in under two minutes

  • Entire test to be completed in under 10 minutes

  • Ease of training of law enforcement personnel

The Company anticipates submitting an application in response to current requests for submissions of testing devices for consideration to the DDC in Q4 2018.

About FluroTech (TSXV: TEST)

FluroTech is a technology and marketing company whose core business is focused on the commercialization of new spectroscopy-based technologies for cannabis quality control testing and human saliva testing for ∆9-tetrahydrocannabinol, methamphetamines and cocaine to determine levels of impairment. FluroTech’s proprietary spectroscopy-based technology allows for the testing and identification of organic and inorganic compounds contained within biological samples. Using the technology that was developed at the University of Calgary in conjunction with the University of Alberta, FluroTech has developed a two-part solution comprising an instrument called the CompleTest™ and consumable testing kits.

To learn more, visit www.FluroTech.com.

Contact Information

FluroTech Ltd.
Alistair Ross Technology Centre

Suite 111, 3553-31 Street NW
Calgary, AB T2L 2K7
info@flurotech.com

Danny Dalla-Longa
Chief Executive Officer
403.680.0644
danny@flurotech.com

Prit Singh
IR — Thesis Capital Inc.
905.510.7636
psingh@thesiscapital.ca

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Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer’s business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer’s prospective financial performance or financial position. The forward-looking information in this news release includes disclosure about timing of submission its application for consideration to the Drugs and Driving Committee, timing to commercialization of the CompleTest™ device, the future performance of the Company and the effect of the October 17, 2018 legislation on demand for the Company’s products.

The Company made certain material assumptions, including but not limited to prevailing market conditions and general business, economic, competitive, political and social uncertainties to develop the forward-looking information in this news release. There can be no assurance that such statements 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 statements.

Actual results may vary from the forward-looking information in this news release due to certain material risk factors. These risk factors include, but are not limited to, adverse market conditions and regulatory and other risks associated with the medical cannabis industry in general, failure to meet certain timelines for commercialization, failure to submit its application for consideration on time or at all, and failure to achieve the anticipated benefits of the October 17, 2018 legislation. The Company cautions that the foregoing list of material risk factors and assumptions is not exhaustive.

The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation.

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 of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

International Zeolite Update on Application of its Zeolite in Indian Agricultural Sector

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) – International Zeolite Corp. (TSXV: IZ) (OTCQB: IZCFF) (FSE: ZEON) (the “Company”) an international marketer and supplier of natural zeolite and zeolite-infused products, is pleased to provide an update on the application of its zeolite in the agricultural sector in India. The Company shipped 40 metric tonnes of various sized processed zeolite for use in the Indian agricultural and poultry sectors. The shipment arrived in India on August 14, 2018 and was then forwarded to the research sites.

The objective of the research is to test the use of zeolite in optimization in the absorption of urea, a nitrogenous fertilizer. Professor Jayashankar Telangana State Agricultural University (“PJTSAU”) based in Hyderabad, India has completed research protocols on rice crops and commenced the project within the Khariff (monsoon season) on three different soil types representing respective climatic conditions and the soil eco-systems of each location, which is part of Phase I research.

The ongoing research undertaken by Hyderabad University indicates visibly identifiable changes observed between the control crop (without zeolite), the zeolite infused crop, and the reduced zeolite application crop as shown in Figure 1.

Figure 1

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The research protocol parameters are designed to test the height and length of the rice plant, along with the number of panicles (a flower cluster that usually grows at the end of a stem or a shoot) per plant, the number of rice grains per panicle and the grain size variability which directly impacts the crop yields. It is an established hypothesis that slow release of essential major nutrients such as nitrogen, potassium and phosphorus promotes healthy growth of the plant and positively impacts crop yields. The University will present formal research results and provide necessary information for obtaining required clearances from relevant authorities towards commercialization.

As previously reported, in India, Urea receives a significant government subsidy for use in the agricultural sector. Annual consumption of approximately 32 million tonnes has a domestic retail value of approximately US$3 billion. The Indian Nitrogen Group has reported that only 33% to 35% of Urea is used by the plant and the rest is lost due to leaching or evaporation and run-off of soils, resulting in ground water pollution, which is a notable environmental issue in the agricultural sector throughout India. Estimates of the economic costs on loss of effective Urea utilization rates in India range between US$1.6-billion to US$1.8-billion annually.

Inherent properties of zeolites include: Cation Exchange Capacity (CEC) which increases soil nutrient holding capacity due to its open framework and porous crystal structure. Its water retention capacity is 60% to 70% of its body weight. Contrary to fertilizers, zeolites are nutrient-intake regulators that act as a natural aid of increasing retention of water soluble fertilizers for long periods while preventing de-leaching, dehydration and run-off of soils. Zeolites promote maximum efficiency of fertilizer utilization through the slow release of nutrients to the plant.

The main fertilizers used in Indian agriculture include nitrogenous fertilizers, potash, phosphate and complex fertilizers. India is the third largest producer and second largest consumer of fertilizers in the world. The total fertilizer market in India is expected to reach a value of US$34-billion in 2019. The Indian agriculture sectors contribution is approximately 17% of the nation’s US$2 trillion economy.

Ray Paquette, CEO stated, “International Zeolite is in the process of pursuing technologies to commercialize the manufacturing of zeolite coated urea. The Company is working through Ichaana Indo-Can Zeolite Private Limited (“Ichanna”). The working relationship established with Ichaana and the University is expected to contribute significantly to the international agricultural sector based on positive research results. This would be followed by securing the necessary permits and approvals for market expansion into India.”

On Behalf of the Board
Ray Paquette
President & CEO
604.684.3301
www.internationalzeolite.com

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. International Zeolite does not assume the obligation to update any forward-looking statement.

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.

Edison Cobalt Intersects 1.24% Cobalt over 0.35 Meters and 0.20% Cobalt over 4.65 Meters in Diamond Drilling at the Historic Edison Mine on the Kittson-Cobalt Project

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) – Edison Cobalt Corp (TSXV: EDDY) (Edison Cobalt or the “Company“) is pleased to announce initial results from their summer diamond drilling program targeting the historic Edison Mine area of their Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada.

A total of 2,620 metres (21 holes) have been completed during the summer program, results of which have been received for the first 12 holes. Highlights include hole KIT-18-010 which returned 0.20% Co over 4.65 meters, including 0.34% Co over 2.65 meters and hole KIT-18-012 which returned 0.27% Co over 2.65 metres including 1.24% Co over 0.35 meters and a separate intercept of 0.63% Co over 1.00 meters.

The program successfully intersected the fracture zone that hosts the Edison Mine mineralization over a strike length of ~150 metres and to a maximum depth of ~175 meters. The fracture zone was much wider than was observed at surface, ranging from 7 to 30 metres wide (drilled core length) and hosting several 0.1 – 2.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture and vein controlled cobalt mineralization in the form of smaltite and erythrite (cobalt bloom) occurred throughout this zone with values as high as 1.24% Cobalt over 0.35 meters. A full list of significant intersections is provided in Table 1 below. A drill hole location map, an isometric view and cross section are shown here. (Click here to view Maps and Figures)

Commenting on the latest results, Neil Pettigrew, President and CEO said: “We’re highly encouraged by this initial drill program on the historic Edison Mine. These results represent the first drilling ever conducted at the Edison Mine.

Table 1. Diamond Drilling Highlights.

Hole
Number
From
(Metres)
To
(Meters)
Width
(Meters)

Co wt. %

Au g/t

Ag g/t

Cu wt.%

Ni wt. %
ED-18-001 No Significant Results
ED-18-002 No Significant Results
ED 18-003 No Significant Results
ED-18-004 No Significant Results
ED-18-005 No Significant Results
ED-18-006 No Significant Results
ED-18-007 42.10 45.30 3.20 0.05 0.005 0.3 0.020 0.010
And 66.20 67.38 1.18 0.06 0.006 0.2 0.002 0.005
And 86.50 86.80 0.30 0.13 0.009 0.3 0.006 0.010
ED-18-008 No Significant Results
ED-18-009 No Significant Results
ED-18-010 73.50 78.15 4.65 0.20 0.013 1.2 0.007 0.032
Including 74.50 77.15 2.65 0.34 0.337 1.5 0.008 0.050
Including 74.50 74.85 0.35 0.98 0.015 1.5 0.026 0.123
ED-18-010 95.70 99.00 3.30 0.07 0.005 1.0 0.022 0.017
ED-18-011 22.00 22.40 0.40 0.11 0.044 1.3 0.004 0.000
ED-18-012 144.35 147.00 2.65 0.27 0.000 2.1 0.014 0.022
Including 145.35 145.70 0.35 1.24 0.000 11.4 0.007 0.113
And 156.00 156.40 0.40 0.37 0.000 1.1 0.001 0.018
And 169.00 170.00 1.00 0.63 0.000 0.5 0.026 0.037

*All reported widths are drilled core lengths.

About the KittsonCobalt Project

The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Edison, Shakt-Davis and Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp located ~15 km east of the Property, which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt and are associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% Co over 1.37 metres and select grab samples returning up to 4% Co and 93.3 g/t Au. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins.

About Edison Cobalt Corp.

Edison Cobalt Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals. Edison Cobalt’s acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “EDDY”, the OTC Pinks under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., President & CEO and a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:               

Neil Pettigrew          

Neil Pettigrew
President
& CEO    

For more information please contact:
Howard Milne V.P. Business Development
Tel:
(604) 377-8994 Email: hdmcap@shaw.ca
Website:
www.edisoncobalt.com

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.

Minaurum Samples up to 1205 g/t Silver and 3.2% Copper On Newly Discovered Europa Sur Vein Extension

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) –  Minaurum Gold Inc., (TSXV: MGG(“Minaurum”) is pleased to announce the acquisition of the 311-hectare Claraboya concession located in the western part of its 100% owned Alamos Silver Project in Sonora, Mexico. Claraboya hosts the newly discovered southern extension of the Europa-Guadalupe Vein system named “Europa Sur” and surface sampling along it returned assays ranging from anomalous up to 1205 g/t Ag, 3.19% Cu, 1.9% Pb and 1.44% Zn (Table 1). These values are in keeping with those intersected in Hole AL17-007 on the Europa-Guadalupe vein that returned 8.25 m of 1760 g/t Ag (see News Release dated January 18, 2018). With this newly discovered extension, the Europa-Guadalupe vein now measures 2.5 km in strike length and further expands the scope of Minaurum’s exploration program to find extensions of all other currently identified veins.

“We are excited that mapping and sampling in the newly acquired Claraboya concession has extended the high-grade Europa-Guadalupe vein by over 1 km. This new zone pushes the overall footprint of the Alamos district to 10 km long by 3 km wide,” stated Darrell Rader, President and CEO of Minaurum. “We look forward to incorporating targets in this new area into our current drill program.”

The Europa Sur vein zone comprises several splits and extensions of the Europa-Guadalupe vein system and includes the Europa W, Europa SW, and Europa SE structures (Figures 1 and 2). The Europa SW and Europa SE zones lie on the steeply east and west dipping bounding faults of a 200-m wide down-dropped block (graben). A swarm of quartz veinlets is exposed in the middle of the down-dropped block, suggesting the possibility of mineralized veins at depth (“Piano-Key Model”). The Europa W vein set runs parallel to the Europa SW zone and has been traced for between 100-200 metres.

Table 1. Rock geochemical sampling, Europa W, Europa SW, and Europa SE vein zones.

Type Vein Width (m) Ag g/t Au ppb Cu % Pb % Zn %
Outcrop Grab Europa W 71 24 0.54 0.39 0.32
Outcrop Europa W 62 73 0.60 0.49 0.34
Outcrop Europa W 2.0 179 153 2.51 1.90 1.27
Outcrop Europa W 0.8 479 99 3.19 0.28 0.48
Outcrop Europa SW 1.0 22 3 0.14 0.18 0.67
Outcrop Europa SW 0.3 155 3 0.05 0.86 0.35
Outcrop Europa SW 0.3 115 15 0.08 0.22 0.11
Outcrop Europa SW 1.0 220 3 0.07 0.07 0.06
Dump Europa SW 122 46 0.27 0.43 0.53
Outcrop Europa SE 1205 331 0.70 1.07 1.44
Outcrop Europa SE 0.9 128 90 0.42 0.85 1.33
Outcrop Europa SE 183 36 0.12 0.19 0.29

 

Figure 1. Newly acquired Claraboya concession in NW area of Alamos Project.

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Figure 2. Geological Map of the Europa Sur Vein – Piano Key Model. Europa Sur vein zones in eastern part of the Claraboya concession, Alamos Project. Note ‘U’ (up) and ‘D’ (down) symbols indicating relative displacement of fault blocks.

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The Claraboya acquisition expands Minaurum’s land package to 16,445 hectares at Alamos. The concession was acquired for a total one-time payment US$50,000.

Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is a Mexico-focused explorer concentrating on the high-grade Alamos Silver Project in southern Sonora State. With a property portfolio encompassing multiple additional district-scale projects, Minaurum is managed by one of the strongest technical and finance teams in Mexico. Minaurum’s goal is to continue its founders’ legacy of creating shareholder value by making district-scale mineral discoveries and executing accretive mining transactions. For more information, please visit our website at www.minaurum.com and our YouTube Minaurum Video Channel.

ON BEHALF OF THE BOARD

Darrell A. Rader

Darrell A. Rader
President and CEO

For more information, please contact:
Sunny Pannu — Investor Relations Manager
(778) 330 0994 or via email at pannu@minaurum.com        

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

__________________________________________________________________________

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Telephone 778 330-0994
www.minaurum.com
info@minaurum.com

Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified Person as defined by National Instrument 43-101, reviewed and verified the assay data, and has approved the disclosure in this News Release.

Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward-looking information. In making the forward-looking statements in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum’ s current beliefs as well as assumptions made by and information currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Quality Assurance/Quality Control: Preparation and assaying of drilling samples from Minaurum’s Alamos project are done with strict adherence to a Quality Assurance/Quality Control (QA/QC) protocol. Core samples are sawed in half and then bagged in a secure facility near the site, and then shipped by a licensed courier to ALS Minerals’ preparation facility in Hermosillo, Sonora, Mexico. ALS prepares the samples, crushing them to 70% less than 2mm, splitting off 250g, and pulverizing the split to more than 85% passing 75 microns. The resulting sample pulps are prepared in Hermosillo, and then shipped to Vancouver for chemical analysis by ALS Minerals. In Vancouver, the pulps are analyzed for gold by fire assay and ICP/AES on a 50-gram charge. In addition, analyses are done for a 48-element suite using 4-acid digestion and ICP analysis. Samples with silver values greater than 100 g/t; and copper, lead, or zinc values greater than 10,000 ppm (1%) are re-analyzed using 4-acid digestion and atomic absorption spectrometry (AAS).

Quality-control (QC) samples are inserted in the sample stream every 20 samples, and thus represent 5% of the total samples. QC samples include standards, blanks, and duplicate samples. Standards are pulps that have been prepared by a third-party laboratory; they have gold, silver, and base-metal values that are established by an extensive analytical process in which several commercial labs (including ALS Minerals) participate. Standards test the calibration of the analytical equipment. Blanks are rock material known from prior sampling to contain less than 0.005 ppm gold; they test the sample preparation procedure for cross-sample contamination. In the case of duplicates, the sample interval is cut in half, and then quartered. The first quarter is the original sample, the second becomes the duplicate. Duplicate samples provide a test of the reproducibility of assays in the same drilled interval.

When final assays are received, QC sample results are inspected for deviation from accepted values. To date, QC sample analytical results have fallen in acceptable ranges on the Alamos project.