New Energy Metals Announces Letter of Intent to Acquire Exploradora North Project (Chile) and Stock Option Grant

Vancouver, British Columbia–(Newsfile Corp. – June 6, 2019) – New Energy Metals Corp. (TSXV: ENRG) (OTC PINK: NEMCF) (“New Energy Metals” or the “Company”) announces that it has entered into a letter of intent dated June 3, 2019 with certain arm’s length vendors (the “Vendors“), whereby New Energy Metals will be granted the exclusive right and option (the “Option“) to acquire an initial 70% royalty-free interest in and to certain exploration and exploitation mineral concessions (the “Concessions“) referred to as the “Exploradora North project” (“Exploradora North” or the “Project“). The Project has a total area of approximately 84,750 hectares (40 km in length north-south) and is located in the II and III Regions of Northern Chile along the prolific West Fissure fault system between the open-pit Escondida mine, the largest copper mine in the world, to the north of the Exploradora district and CODELCO’s El Salvador underground copper mine, approximately 60 km to the south of the district (“El Salvador (CODELCO)“).

Exploradora North Details

Exploradora North is located immediately north and east of the current Exploradora deep drilling project of CODELCO (“Exploradora (CODELCO)“) within a cluster of porphyry copper deposits and prospects first discovered in the 1990’s. To date, the cluster of porphyry copper (plus/minus gold and molybdenum) and skarn occurrences have only been explored to shallow depths (mostly to less than 600 meters), most recently by BHP Billiton approximately 10 years ago. In its 2018 Annual Report, CODELCO reported that its exploration activities conducted at Exploradora (CODELCO) were its most significant activity of the year, with primarily deep drill holes (with unpublished results) being carried out (see CODELCO’s 2018 Annual Report, page 104). A previous near-surface resource for Exploradora (CODELCO) reported 100 Mt of 0.3 Cu and 0.2 g/t gold (Society of Economist Geologists, Special Publication 11, 2004, pages 97-111). Recently, CODELCO has also been drilling along the common boundary of the Exploradora (CODELCO) and Exploradora North (New Energy Metals) land positions.

The land positions of New Energy Metals are surrounded by most of the major copper corporations of the world (see Figure 1 below). Minera Activa, a private Chilean company, recently announced positive results in the Exploradora district, and VALE is also actively drilling to the west of Exploradora North. Another large porphyry system has also been recognized in the nearby Juncal district.

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Figure 1 – Location of Project and Surrounding Properties

To view an enhanced version of Figure 1, please visit:

Exploradora North contains several porphyry copper system opportunities, some exhibiting lithocaps, possibly above a deeply concealed porphyry system; more than 50% of these prospects are covered with post-mineral gravels and volcanic rocks. Deep-seeking induced polarization (IP), metal earth magnetotellurics (MT) and magnetics are planned to be initiated by New Energy Metals to help define initial drill targets, with initial drilling proposed to start in August or September, 2019.

The Company believes that a comparable model for the Project in the Exploradora district is El Salvador (CODELCO). A reconstructed model of El Salvador (CODELCO) shows that the secondary blanket started about 600 meters below the original uneroded surface. The original underground reserves at El Salvador (CODELCO), which began operation in 1959, were approximately 300 MT of 1.6% copper, mostly secondarily enriched ore (Economic Geology and the Bulletin of the Society of Economist Geologists, Vol. 70, No. 5 August 1975, page 857-912).

Commercial Terms

Subject to satisfactory completion of due diligence, New Energy Metals, through a wholly-owned Chilean subsidiary, intends to enter into a formal option to purchase agreement (the “Option Agreement“) with the Vendors, whereby the Vendors would grant to New Energy Metals the exclusive option (the “Stage 1 Option“) to purchase from the Vendors 70% of the right, title and interest of the Vendors in and to the Concessions, free and clear of all liens, charges and encumbrances, in consideration of (i) exploration expenditures on the Project of at least USD 15,000,000 within 48 months of the Effective Date (the “Option Period“), (ii) the payment of the sum of USD 8,500,000 and (iii) the delivery of an aggregate of 11,500,000 common shares of New Energy Metals, to be incurred, paid and delivered as follows:

Cash (USD)
New Energy Metals Common Shares
Within 5 days of TSXV approval after signing of the Option Agreement (the “Effective Date“)
6 months from Effective Date
12 months from Effective Date
18 months from Effective Date
18 months from Effective Date
24 months from Effective Date
36 months from Effective Date
48 months from Effective Date

(1) There are no annual or monthly requirements in respect of the exploration expenditures, provided that the total USD $15,000,000 in exploration expenditures must be incurred by New Energy Metals within the Option Period.

Upon the exercise of the Stage 1 Option by New Energy Metals, New Energy Metals and the Vendors would be deemed to have formed a joint venture (the “Joint Venture“) for the continued exploration and development of Exploradora North and will form a joint venture company, in which the initial participating interests of the parties will be 70% for New Energy Metals and 30% for the Vendors. The Vendors will also grant to New Energy Metals the first right of refusal (the “Right of First Refusal“) to acquire up to an additional 30% of the right, title and interest of the Vendors in and to the Concessions. Pursuant to the Right of First Refusal, if at any time during the 36 months following the exercise of the Stage 1 Option, the Vendors receive a bona fide offer from a third party to purchase all or part of their participating interest in the Joint Venture (the “Subject Interest“) that they intend to accept, then the Vendors must notify New Energy Metals of the terms of any proposed sale. New Energy Metals will then have 30 days to decide whether it wishes to purchase such Subject Interest at the price and on the terms set forth in the notice provided by the Vendors.

During the Option Period, New Energy Metals will be responsible for maintaining the Concessions in good standing and paying all fees and assessments, and for taking such other steps required in order to do so, including making the 2019 annual license payments for the Concessions that were due on or before June 3, 2019 in the approximate amount of USD $162,000. There will be no other work commitments, and any work carried out on the Concessions will be at the sole discretion of New Energy Metals. All New Energy Metals’ common shares issued in connection with the Option will be subject to a hold period in Canada of 4 months and one day from the date of issuance. In connection with entry into the Option Agreement, the Company has agreed to issue to Asesorías y Servicios ZT Partners SpA, an arm’s length party, 500,000 common shares in the capital of the Company, which shares will be issued as fully paid and non-assessable, as a finder’s fee (the “Finder’s Fee“).

The Option Agreement and the payment of the Finder’s Fee in connection therewith are subject to the acceptance for filing thereof by the TSX Venture Exchange (the “TSXV“).

Option Grant and Cancellation

Pursuant to the Company’s 2018 Incentive Stock Option Plan, the Company has granted incentive stock options to directors, officers, employees, consultants and advisors of the Company and its affiliates to purchase up to an aggregate of 2,100,000 common shares in the capital of the Company. The options all 100% vested on grant and are exercisable on or before June 5, 2022 at a price of $0.24 per common share.

The Company also announces that it has cancelled an aggregate of 226,250 previously granted incentive stock options.

Cautionary Note Regarding Adjacent Properties

Exploradora (CODELCO) and Exploradora North are adjacent properties, located approximately 60 km north of El Salvador (CODELCO). The Company has no interest in or right to acquire any interest in either Exploradora (CODELCO) or El Salvador (CODELCO). Mineral deposits on adjacent or similar properties, and any production therefore or economics with respect thereto, are not in any way indicative of mineral deposits on New Energy Metals’ properties or the potential production from or cost or economics of, any future mining of any of New Energy Metals’ mineral properties.

Qualified Person

Dr. Thomas A. Henricksen, a qualified person as defined by National Instrument 43-101 has reviewed the scientific and technical information that forms the basis of this news release and has approved the disclosure herein. Dr. Henricksen is not independent of the Company as he is the Company’s chief geologist and holds incentive stock options of the Company.

About the Company

New Energy Metals is focused on the exploration and development of energy metals in Chile. The Company’s assets include several prospective cobalt projects in Chile’s past producing San Juan cobalt district.

On behalf of New Energy Metals Corp.

César López, President & CEO
T: 604.484-1232

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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the entry into of the Option Agreement, the earn-in and exercise by the Company of the Option (including the Stage 1 Option, the formation of the Joint Venture and subsequent Right of First Refusal), the payment of the Finder’s Fee, the expectation the Company will be able to enter into the Option Agreement or exercise the Option, commencement of exploration activities on the Project, the anticipated exploration program results from exploration activities on the Company’s mineral projects, the discovery and delineation of mineral deposits/resources/reserves, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “will”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “potential”, “scheduled”, or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: it will successfully conclude its due diligence on the Project and the Vendors, it will be able to successfully negotiate and enter into the Option Agreement and that it will obtain TSXV acceptance for the filing of same, market fundamentals will result in sustained precious metals, cobalt and copper demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s Chilean mineral projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company’s projects and the Company’s ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, results from the Company’s due diligence on the Project and the Vendors, actual results of exploration activities, the fact that the Company’s interests in its mineral properties (including the Project) are only options and there is no guarantee that the interests, if earned, will be certain, requirements for additional capital, future prices of precious metals, cobalt and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, other risks of the mining industry, the inability to obtain any necessary governmental and regulatory approvals (including TSXV acceptance for filing of the Option Agreement and the Finder’s Fee), changes in laws, regulations and policies affecting mining operations, hedging practices and currency fluctuations, as well as those factors discussed under the heading “Risks and Uncertainties” in the Company’s most recent management’s discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR website at

Readers are cautioned not to place undue reliance on forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

To view the source version of this press release, please visit


Go Cobalt Appraisal of HSP Nickel Claim

Vancouver, British Columbia–(Newsfile Corp. – June 5, 2019) –  Go Cobalt Mining Corp. (CSE: GOCO) (“Go Cobalt” and/or the “Company“) is pleased to update regarding an appraisal on the 100% owned HSP Project (“Property“) in Quebec, Canada. Go Cobalt reports the following:


  • HSP is a polymetallic property with nickel, copper, cobalt, gold, platinum and palladium mineralization
  • The Property contains mineral occurrences that indicate remobilized mineralization
  • Go Cobalt has appraised all historical data and generated several geophysical targets


The HSP Project is a nickel, copper, PGE Property in Quebec, acquired by Go Cobalt in February 2019. The Property is 4,240 Ha in size and located approximately 135 km north of Havre-Saint-Pierre. HSP contains several mineral occurrences with elevated nickel, copper, cobalt, gold and PGE. A Quebec hydro road comes within 10 km of the Property.

Geology of the HSP Project:

The HSP Property is centered on the Mesoproterozoic Havre-Saint-Pierre anorthosite complex. Mafic rocks within the Havre-Saint-Pierre anorthosite complex are potential hosts to mineralization, as well as other rock types that border the anorthosite complex. The Property contains two mineral occurrences that have historically yielded grades up to 0.72% Ni, >2% Cu, 0.14% Co, 361 ppb Au, 147 ppb Pt, and 220 ppt Pa.


Showings on the HSP Property were initially discovered using an airborne EM survey. The airborne EM survey identified several conductors that were associated with massive sulphide mineralization. A geochemical follow up program showed that the showings represent remobilized mineralization from a larger source. There are several untested conductors on the claim.

A government regional magnetic survey later showed that shallow and subtle magnetic features within the mapped extent of the Havre-Saint-Pierre anorthosite complex. These features are potential mafic and ultramafic lithologies that may host mineralization and represent important targets for future exploration.

A preliminary geophysical appraisal indicates that NE-SW oriented structures intersect a broad NNW-SSE oriented structural corridor over the Property. These structures will be examined to determine if they helped create mineralization on the property.

Next Steps

Planned geophysical work includes magnetic and EM surveys. The company expects approximately $170,000 in total expenditures on the claim in 2019.

Historical data

All the data presented is historical in nature and has not been verified by the company.

Qualified Person

Adrian Smith, P.Geo., is the qualified person for the Company as defined in the National Instrument 43-101 and has reviewed the technical information presented within this news release.

About Go Cobalt:

Go Cobalt develops exciting and relevant mining exploration projects. Our approach is to rely on local talent and respect local territories while maintaining upside exposure to new discoveries. Go Cobalt intends to pursue energy metal projects to help meet the demand for a battery powered future.

For further information, please contact:

Scott Sheldon, President Go Cobalt Mining Corp.
Telephone: 604.725.1857

Forward-Looking Information:

This press release may include “forward-looking information” (as that term is defined by Canadian securities legislation), concerning the Company’s business. Forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including future plans for the exploration and development of its mineral properties. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether as a result of new information, future events or results, or otherwise) other than as required by applicable securities laws.

To view the source version of this press release, please visit

Forum Energy Metals Acquires the Love Lake Nickel-Copper-Platinum-Palladium-Gold Project, Saskatchewan

Vancouver, British Columbia–(Newsfile Corp. – June 5, 2019) – Forum Energy Metals Corp. (TSXV: FMC) is pleased to announce that it has acquired by staking, the Love Lake Ni-Cu-PGM project located approximately 60 km northeast of Forum’s Janice Lake/Rio Tinto copper joint venture in north-eastern Saskatchewan along Highway 905 to the Rabbit Lake Mine. The project consists of 7 claims for 21,872 ha and covers mafic-intrusive rocks of the Peter Lake Domain with historic occurrences of nickel, copper, zinc, platinum, palladium and gold.

Studies by the Saskatchewan Geological Survey suggest that the Ni-Cu-PGM occurrences on the Love Lake project share many compositional and textural similarities to the Lac des Iles pluton in Ontario and with layered stratiform deposits such as the Bushveld Complex in South Africa and the Stillwater Complex in Montana. From 1998 to 2017, North American Palladium’s Lac des Iles deposit has produced 3.59 million ounces palladium, 277,300 ounces platinum, 252,700 ounces gold, 70.8 million pounds copper and 37.4 million pounds nickel from 56.8 million tonnes of ore milled (Source: Feasibility Study for Lac des Iles Mine Incorporating Underground Mining of the Roby Zone dated October 2, 2018 )

Rick Mazur, Forum’s President & CEO, stated, “We are pleased to acquire another underexplored project with excellent new discovery potential and easy access in a stable province like Saskatchewan. Forum plans to develop the economic potential of the Love Lake project while our partner, Rio Tinto drills our nearby Janice Lake project this summer.”


The Ni-Cu-PGM occurrences are associated with the 2.5 billion year old Swan River mafic complex and the Love Lake felsic pluton in the Peter Lake Domain (Figure 1). Forum staked a 20 km by 12 km area of historic copper- nickel platinum group metal showings which returned up to 0.31% Cu over 5.2m in a trench, with visible sulphides occurring in outcrop along a 1.5km east-west trend of “reef type” layered intrusive that was not properly tested by historical drilling. Grab samples in Trench #4 in the Korvin Lake area returned 0.33% Cu, 1.33% Ni, 2.73 g/t platinum, 2.68 g/t palladium, 70 ppb gold and 0.43%Cu, 0.23% Ni, 3.58 g/t platinum, 4.27 g/t palladium, 200 ppb gold. Historic diamond drilling targeted structurally controlled mineralization, but did not test for a stratiform ‘reef type’ layer; the holes are interpreted to have been drilled too far to the south of the mineralized trenches (Saskatchewan Geological Survey – Maxeiner and Rayner, 2005).

Forum plans to conduct an airborne magnetic/electromagnetic survey over the entire property, a mapping and sampling program of the known occurrences and a prospecting program in search for further mineralization.

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Figure 1: Simplified Geology Map. The Love Lake Pluton is part of the Swan Lake Complex, which hosts 4 separate PGE showings over a 150km trend. Forum has staked all known showings in the Love Lake area. The road to the Rabbit Lake/McClean Lake mine and mills runs through the project, allowing for easy access.

To view an enhanced version of Figure 1, please visit:

Ken Wheatley, P.Geo. and Forum’s VP, Exploration and a Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

Stock Options

In accordance with the Company’s Stock Option Plan, it has granted to certain directors, officers, employees and consultants incentive stock options to purchase up to an aggregate of 5 million common shares exercisable on or before June 5, 2024 at a price of $0.10 per share.

About Forum Energy Metals

Forum Energy Metals Corp (TSXV: FMC) explores for energy metals, including copper and uranium in Saskatchewan, Canada’s Number One mining province and cobalt in Idaho and Oregon. Forum is well positioned for when the uranium market rebounds with interests in 7 drill ready projects in the Athabasca Basin, all assembled by a highly experienced team of exploration professionals with a track record of uranium mine discoveries in Canada. For further information:


Richard J. Mazur, P.Geo.
President & CEO

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.

For further information contact:


Rick Mazur, P.Geo., President & CEO

Tel: 778-772-3100

Ken Wheatley, P.Geo., VP Exploration

Tel: 250-507-1818

Craig Christy, VP Corporate Development

Tel: 250-863-0561


Burns Singh Tennent-Bhohi, Director

Tel: 074-0316-3185

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Marshall Gandy Named Co-Head of SEC’s Investment Adviser/Investment Company Examination Program

Washington, D.C.–(Newsfile Corp. – June 4, 2019) – The Securities and Exchange Commission today announced that Marshall Gandy has been named Co-National Associate Director of the Investment Adviser/Investment Company examination program in the Office of Compliance Inspections and Examinations (OCIE). 

He joins Co-National Associate Director Kristin Snyder, who has led the program since Aug. 10, 2016, and was named OCIE’s Deputy Director on July 25, 2018.  Together, Ms. Snyder and Mr. Gandy will oversee more than 630 lawyers, accountants, and examiners responsible for inspections of SEC-registered investment advisers and investment companies.  

Mr. Gandy has been the Associate Regional Director for Examinations in the SEC’s Fort Worth office since March 2012 and will continue in that role while also assuming this shared leadership position in the national investment adviser/investment company program.  He joined the SEC in 1999 and spent eight years as a trial counsel and enforcement attorney in the Fort Worth office’s enforcement program before taking the role of Senior Regional Counsel at FINRA’s Dallas District Office. Mr. Gandy also held the roles of Presiding Judge and Assistant District Attorney in Dallas County before joining the SEC.

“Marshall is an exceptional and collaborative leader of our Fort Worth exam team and will bring additional strong leadership to the national IA/IC program,” said OCIE Director Peter B. Driscoll.  “His efforts to improve our exam process, increase investor outreach and pursue emerging risk areas have strengthened the entire exam program.”

Mr. Gandy said, “I am extraordinarily honored for the opportunity to serve in this new role in OCIE.  For seven years, I have been extremely privileged to work with Fort Worth’s fantastic exam team, and now that privilege will extend to working with the equally talented and dedicated IA/IC teams across the entire exam program.”

Mr. Gandy received his law degree from Southern Methodist University and his bachelor’s degree from Sam Houston State University.

OCIE conducts the SEC’s National Examination Program through examinations of SEC-registered investment advisers, investment companies, broker-dealers, self-regulatory organizations, clearing agencies and transfer agents.  It uses a risk-based approach to examinations to fulfill its mission to promote compliance with U.S. securities laws, prevent fraud, monitor risk and inform SEC policy.

C-COM Receives $4.0 Million in Orders from Asia

Ottawa, Ontario–(Newsfile Corp. – June 4, 2019) – C-COM Satellite Systems Inc., (TSXV: CMI) the world’s leading provider of commercial grade mobile auto-deploying satellite antenna systems, announced today that it has received orders of approximately $4.0 Million USD for its next generation Flyaway and Manpack (backpack) systems.

The bulk of the order is for C-COM’s newest system design, the motorized Manpack antenna (iNetVu® MP-Series). These easy to transport, fully automatic, simple to assemble toolless products were purchased by several reseller partners and will be deployed for disaster management and cellular backup. A portion of the order has already shipped while the balance will ship in the third and fourth quarters of this fiscal year.

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Figure 1: C-COM iNetVu® Motorized Manpack Antenna System

To view an enhanced version of Figure 1, please visit:

“The rapid confirmation of our latest technological development – a single case, carbon fibre, auto-pointing backpack system that can be carried by one person and finds satellite in less than a minute just by pressing a button – is validated by large orders like these,” said Drew Klein, Vice President of C-COM. “The Company continues to innovate and modernize the mobile SATCOM business, by offering the highest quality products coupled with the best customer support available in the market today,” Klein continued.

“C-COM is thrilled to work with such capable partners and their consummately qualified customers,” added Klein, with regards to the Company’s Asia based integrators and end users. “Their professionalism and skill are unmatched; and their loyalty to our company and brand is unwavering.”

The Company offers classic and next generation Driveaway, Flyaway, Fixed Motorized, and Manpack systems for any vertical market where communications are challenging due to disruption or deficiency. C-COM products are integrated with all major modem manufacturers and approved with most major satellite operators. The company works closely with more than 500 active resellers / integrators in over 100 countries.

C-COM is collaborating with a renowned research team at the University of Waterloo, on the development of an electronically steerable, Ka-band flat panel antenna system based on a patented phased array beam forming technology, which has the potential to revolutionize satellite’s addressable mobility markets (land, air, maritime).


C-COM Satellite Systems Inc. is a pioneer and world leader in the design, development, and manufacture of mobile satellite-based antenna systems for the delivery of Broadband Internet to any location via Satellite. C-COM has developed a proprietary, one-button, auto-acquisition controller technology for rapid antenna pointing to geostationary satellites as well as tracking of low orbit satellites with just the press of a button, enabling high-speed Internet connectivity where terrestrial markets are overloaded or simply don’t exist. The company has sold approximately 8,000 systems to customers in over 100 countries providing service to a wide range of vertical markets such as Oil & Gas Exploration, Military Communications, Disaster Management, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Mobile Banking, and others. The Company’s iNetVu® brand is synonymous with high quality, reliability and cost-effectiveness.

In partnership with a renowned research team at the University of Waterloo’s Centre for Intelligent Antenna and Radio Systems (CIARS), C-COM has been developing a next generation Ka-band electronically steerable flat panel antenna based on advanced patented phased array technology for enabling high-throughput mobility applications over satellite for land, airborne and maritime applications. More information is available at:

iNetVu® is a registered trademark of C-COM Satellite Systems Inc.

# # #

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.

Forward Looking Statements

This news release contains forward-looking information. These statements relate to future events or future performance and reflect management’s current expectations and assumptions. Several factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. New orders anticipated by C-COM Satellite Systems Inc. may not be received and current orders may be cancelled or delayed, meaning that expected revenues may be delayed or may not be realized. New products and services released may not gain market acceptance. Any of those events could influence future performance and C-COM Satellite Systems Inc.’s ability to achieve the results mentioned above. These forward-looking statements are made as of the date hereof and C-COM Satellite Systems Inc. does not assume any obligation to update or revise them to reflect new events or circumstances.

C-COM Satellite Systems Inc.

Tel: (613) 745-4110 ext. 4950
Fax: (613) 745-7144

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YIELD GROWTH Announces International E-Commerce Expansion of Urban Juve Hemp Root Skin Care Products Now Available for International Sales and Shipping

Vancouver, British Columbia–(Newsfile Corp. – June 4, 2019) – The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) is pleased to announce that its wholly owned subsidiary, Urban Juve, now has 11 products available for international purchase through the site. Sales of Urban Juve products have now been completed to online purchasers in North America, Europe and Asia.

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Figure 1

To view an enhanced version of Figure 1, please visit:

Urban Juve is now available to purchasers in the largest skin care markets in the world, including China, the U.S., Japan, South Korea and Germany. Statista estimates the global skin care market to be worth US$134.5 billion in 2018, with this number expected to grow to US$180 billion by 2024. Also, according to Statista, the global natural and organic beauty market has been growing rapidly over the past few years and is expected to reach a value of about 22 billion U.S. dollars by 2024. Within the natural and organic beauty product market, the skin care segment holds the highest share of the market. In 2016, 57 percent of U.S. women said it was important to buy all-natural skin-care products.

Urban Juve products contain only the highest quality natural ingredients including full spectrum essential oils and pure botanical extracts, with legal, high quality hemp derivatives. Its products are cruelty free and contain no sulfates, parabens, artificial fragrances or dyes. Urban Juve’s key ingredient, cannabis sativa root extract, is made by Urban Juve in Canada using its proprietary patent pending extraction technology.

Urban Juve is supporting its international expansion through a targeted digital kiosk marketing campaign in high traffic shopping malls in Hong Kong, along with a social media influencer and video campaign in China. This month, it is also launching a digital media marketing program targeting residents in New York, Los Angeles, San Francisco, Vancouver, Calgary and Toronto. Urban Juve is currently finalizing packaging designed for expansion into the European retail market and will soon be looking to align with a European distributor.

About The Yield Growth Corp.

The Yield Growth Corp. is disrupting the $4.2 trillion-dollar global wellness market, by connecting ancient healing with modern science, and harnessing the power of hemp- and cannabis-infused products serving mainstream luxury consumers. The Yield Growth management team has deep experience with global brands including Johnson & Johnson, Procter & Gamble, M·A·C Cosmetics, Skechers, Best Buy, Aritzia, Coca-Cola and Pepsi Corporation. Its consumer brand, Urban Juve, signed over 110 retail locations to sell its products in North America and is launching e-commerce sales in China through WeChat. It has signed a sales and marketing alliance with ipsy, the world’s largest online beauty community, according to ipsy.

Key ingredients in all of Yield Growth’s branded products include cannabis sativa root extract, created using Urban Juve’s proprietary, patent-pending extraction technology. Urban Juve has filed 12 patent applications in the United States. Through its subsidiaries, Yield Growth has developed over 200 beauty and wellness cannabis formulas for commercialization and has multiple revenue streams including licensing, services and product sales.

For more information about Yield Growth, visit or follow @yieldgrowth on Instagram. Visit and #findyourjuve across social platforms to learn, engage and shop.

Investor Relations Contacts:

Penny Green, President & CEO
Kristina Pillon, Investor Relations

1-833-514-BOSS 1-833-514-2677
1-833-515-BOSS 1-833-515-2677

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Cautionary Statement Regarding Forward-Looking Statements

This press release includes forward-looking information and statements (collectively, “forward looking statements”) under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates, forecasts, beliefs and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: risks related to the development, testing, licensing, intellectual property protection, and sale of, and demand for, Urban Juve, Wright & Well and UJ Beverages products, general business, economic, competitive, political and social uncertainties, delay or failure to receive board or regulatory approvals where applicable, and the state of the capital markets. Yield Growth cautions readers not to place undue reliance on forward-looking statements provided by Yield Growth, as such forward-looking statements are not a guarantee of future results or performance and actual results may differ materially. The forward-looking statements contained in this press release are made as of the date of this press release, and Yield Growth expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

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Constantine Releases Positive Preliminary Economic Assessment for Palmer Zinc-Copper-Silver-Gold Project, Southeast Alaska Post-Tax NPV of US$266 million

Vancouver, British Columbia–(Newsfile Corp. – June 3, 2019) – Constantine Metal Resources Ltd. (TSXV: CEM) (OTCQX: CNSNF) (“Constantine” or the “Company”) is pleased to report that the Constantine Mining LLC Joint Venture, of which Constantine owns a 51% interest, has completed a Preliminary Economic Assessment (“PEA”) on the Palmer Zinc-Copper-Gold-Silver Project, Southeast Alaska (“Palmer” or the “Project”). The PEA presents a low capex, low operating cost, high margin underground mining operation with attractive environmental attributes. All results presented herein are on a 100% Constantine Mining LLC basis and reported in US dollars.

PEA Highlights

Highlights of the PEA, assuming base case metal price of $1.22 per pound zinc, $2.82 per pound copper, $16.3 per ounce silver, $1296 per ounce gold and $220 per metric tonne barite, include:

  • $354M pre-tax Net Present Value (“NPV”) at 7% discount rate
  • $266M after-tax NPV at 7% discount rate
  • 24% pre-tax Internal Rate of Return (“IRR”) and 21% post-tax IRR
  • Mine life of 11 years after 24-months pre-production (based on current mineral resource)
  • 3,500 tonnes-per-day steady state mining and processing rate
  • Operating cost of $54.2/tonne (mining, processing, General &Administrative)
  • Operating plus sustaining capital cost of $65.4/tonne
  • Net operating income of $92.6/tonne ($81.4/tonne including sustaining capital costs)
  • Zinc cash cost including sustaining capital of $0.11 per lb net of by-product credits
  • Pre-production development capital cost of $278 million
  • Sustaining capital and closure cost of $140 million; total Life of Mine (“LOM”) capital cost of $418 million
  • Post-tax payback period of 3.3 years
  • 12.48 million tonnes (“Mt”) mined at a diluted head grade of 4.24% zinc, 0.81% copper, 49.6 grams per tonne (“g/t”) silver, 0.33 g/t gold and 22.6% barite (“BaSO4”)
  • LOM recovered metal production of 1,068 M lbs of zinc, 196 M lbs of copper, 18 M oz of silver, 91 K oz of gold and 2.89 M tonnes of BaSO4
  • Important US source of the critical mineral barite

The PEA is preliminary in nature and includes inferred mineral resources that are too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

“This PEA is the most significant milestone for Constantine to date, demonstrating a high-quality project with strong economics and a progressive, environmentally conscious mine design,” Commented President & CEO Garfield MacVeigh. “Quality North American development-stage zinc-copper projects are in scarce supply, particularly projects with high operating margins and resilience to low metal price environments as demonstrated by the Palmer PEA. What sets the Palmer Project apart from its peers is excellent access by paved all-season highway and secondary roads, close proximity to an existing Pacific port ore terminal, reasonable and manageable capital costs, significant district-scale upside for additional mineral resources, and a joint venture that includes a global leader in the zinc smelting business.”

For additional commentary on the significance of the results of this PEA, please click here ( for a Proactive Investor interview with Constantine VP Exploration, Darwin Green.

Constantine and joint venture partner Dowa Metals & Mining Co. Ltd. will now evaluate next steps to advance the project while continuing to focus on resource expansion and testing for additional deposits. The long-term vision is to define a multi-decade mining operation at Palmer.

Overview of PEA Parameters and Results

The PEA was prepared by independent consultant JDS Energy and Mining, Inc. (“JDS”). The Company also engaged Klohn Crippen Berger Ltd. (“KCB”) for water management and waste management design components, and processing plant site foundation assessment. For readers to fully understand the information in this news release, they should read the PEA technical report (to be available on SEDAR or at within 45 days of this press release) in its entirety, including all qualifications, assumptions and exclusions that relate to the information set out in the technical report.

This PEA models concurrent mining of both the Palmer and AG Zone Deposits. Site topography enables lateral underground access to the base of the deposits and bottom-up, gravity assisted mining. Mine design utilizes longhole mining methods, subvertical ore passes, and an underground crusher and conveyor to deliver mineralized material to the mill. Three high-quality saleable concentrates will be produced (zinc, copper and barite). A fourth concentrate (pyrite) will also be produced for placement underground as backfill. Desulfurized tailings are classified as non-potentially acid generating and will be disposed of both as backfill and in a ‘dry stack’ filtered-tailings facility.

Table 1 – Summary of Economic Inputs and Results

Base Case (1)
Copper Price
$ per lb
Zinc Price
$ per lb
Silver Price
$ per oz
Gold Price
$ per oz
Barite Price (2)
$ per tonne
Cash Flows (Undiscounted)
$ million
NPV at 7%
$ million
Payback Period
Cash Flows (Undiscounted)
$ million
NPV at 7%
$ million
Payback Period
Capital Costs
Pre-production Capital Cost
$ million
Sustaining Capital + Closure Cost
$ million
Total Capital Cost
$ million
Revenue (per tonne processed)
Net Smelter Return (3)
$ per tonne
Royalty (2.5%)
$ per tonne
Operating Cost and Margin (per tonne processed)
Operating Cost (mining, processing, G&A)
$ per tonne
Net Operating Income
$ per tonne
Sustaining Capital & Closure
$ per tonne
All-In Sustaining Operating Cost
$ per tonne
All-in Sustaining Net Operating Income
$ per tonne
Cash Cost (net of by-product credits)
Zinc Cash Cost (C1)
$ per lb
Zinc Total Cash Cost (including sustaining capital & closure)
$ per lb

  1. Base case prices for copper, zinc, gold and silver are the average of three years past and projected two years forward by analysis of London Metal Exchange futures as of April 16th, 2019.
  2. Base case price for barite provided by third party barite industry experts, based on direct quotes from multiple wholesale providers in relevant oil basin markets (quoted short ton prices converted to metric tonne equivalent).
  3. Net smelter returns are net of off-site costs including Treatment Charge/Refinement Charges, freight, and penalties, and exclusive of royalties.

Table 2 – Production and Processing Statistics

Total Mine Production
12.48 Million Tonnes (diluted mine head grade)
49.6 g/t
0.33 g/t
Metal Production
M lbs
M lbs
k oz
k oz
k tonnes
Total Recovered (LOM)
Average Annual Recovered
Total Payable (LOM)
Average Annual Payable
Revenue by Metal (base case)
Total LOM NSR value
Average Annual NSR value
Percent of Total Value


Table 3 – Capital Costs

Capital Cost Items (“CapEx”)
Initial ($M)
Sustaining ($M)
Total ($M)
Site Development
Mineral Processing
Tailings Management
Onsite Infrastructure
Project Indirects
Owner Costs
Salvage Value
Total Project


Table 4 – Operating Costs

Operating Cost (“OPEX”)
Underground Mining
$/tonne mined
Total OPEX


Capital and Operating Cost Estimate Summary

The PEA is based on a capital cost summary with an estimated accuracy of +/- 25%, which is shown in the table below. Capital and operating costs were developed from first principles for construction, mining, processing, and administration using the mine plan, incorporating development rates, labour, materials, and consumables. JDS used vendor quotes on nearly all equipment.

Mining and Processing

The mine and processing plant have been designed for 3,500 tonnes per day. Initial material from the Palmer Deposit will be recovered at a rate of approximately 2,700 tonnes per day by underground longhole stoping mining methods. During the third year, production will commence at the AG Zone Deposit and increase total production to approximately 3,500 tonnes per day. Stopes will be filled with a combination of waste rock from development and paste backfill generated from the pyrite concentrate and de-sulphide tails. Mine access portals at multiple elevations are planned to maximize natural ventilation and dewatering of underground operations.

Diesel-powered mobile equipment will be used to conduct all underground mining activities. Underground crushing and conveying will provide low cost mineral transport from the Palmer Deposit to the processing facility. Mineralization from the AG Zone Deposit will be trucked via lateral underground access ramps to the underground crushing station at the Palmer Deposit.

The Project incorporates a standard 3,500 tonne per day comminution, flotation separation flow sheet including a primary underground crusher feeding a single semi-autogenous (“SAG”) mill, thence a ball mill, followed by selective two and three-stage flotation to produce three concentrate products (copper, zinc, barite) for shipment to offsite smelters. A fourth concentrate (pyrite) will also be produced for placement underground as paste backfill. Millsite foundation assessment and foundation design were completed by KCB.

Metallurgical assumptions for the Palmer Deposit are based on locked cycle flotation and grindability tests completed in 2018 that yielded high recoveries at a moderate grind size to separate copper, zinc and barite concentrates. The majority of precious metals report to the copper concentrate, yielding higher overall payable fractions. AG Zone Deposit metallurgical assumptions are a modification of Palmer Deposit parameters based on metallurgically focused mineralogy studies. Deleterious elements are projected to be below penalty level. Zinc present within the copper concentrate will incur a small penalty.

Table 5 – Metallurgical Recovery Assumptions

Metal Recoveries (%)
Palmer Deposit – Zinc Concentrate
Palmer Deposit – Copper Concentrate
Palmer Deposit – Barite Concentrate
AG Zone Deposit – Zinc Concentrate
AG Zone Deposit – Copper Concentrate
AG Zone Deposit – Barite Concentrate


Concentrate Transport and Refining

Copper and zinc concentrates will be shipped by covered, dual-trailer, 40-tonne concentrate trucks to the port of Haines, Alaska where the concentrate trailers will be shuttled by barge to the existing ore-terminal located in Skagway for eventual loadout onto ocean going cargo vessels to Asian smelters. All-in cost for transportation from mine site to end destination for copper and zinc concentrates is $91 per tonne of concentrate.

Barite concentrate will be placed in one tonne ‘super sacks’ on site and transported by truck within intermodal containers to Haines and then barged to the ship-to-rail container terminal in Prince Rupert, British Columbia. The final destinations for the barite concentrate include both western Canada and mid-west US oil basins. All-in cost for transportation from mine site to end destinations averages $132 per tonne of barite concentrate, inclusive of trucking, barging, rail, re-handling and container leasing.

Barite is a high-density, stable and chemically inert mineral (barium sulfate, BaSO4) that is an important industrial mineral commodity predominantly used for drill mud in oil and gas drilling. It is one of 23 critical minerals listed by the United States Geological Survey that are defined as essential to economic and national security and vulnerable to supply chain disruptions due to reliance on foreign imports. At present, approximately 80% of the U.S. barite market is imported from foreign sources. The barite concentrate produced from the Palmer Project will be an end-user ready product that does not require additional processing or refining off site.

The trucking distance from the proposed mine site to the port facility in Haines, Alaska is 72 km, consisting of 22 km of gravel road and 50 km of paved highway. The barging distance from Haines to the existing ore terminal in Skagway is 25 km. Skagway is one of North America’s closest ports to Asia. Prince Rupert is located 400 nautical miles from Haines and is a major North American rail terminal.

Table 6 – Transportation and TC/RC Parameters

Concentrate Transportation, Treatment, Refining and Royalty Cost
Zinc and Copper Transportation charges
$/wmt concentrate
Barite Transportation costs
$/dmt concentrate
Treatment charges – Zinc
$/dmt concentrate
Treatment charges – Copper
$/dmt concentrate
Penalty – zinc >4% in copper concentrate
$/dmt concentrate
Refinement charges
$/lb of payable copper
% of Net Smelter Return

 *wmt: wet metric tonne; dmt: dry metric tonne; Zinc treatment charge based on 3-year trailing average

Mineral Resources

The table below outlines the total Indicated and Inferred Mineral Resources for the Palmer Deposit and the AG Zone Deposit.

An NSR cut-off of $80 per tonne was utilized for inclusion of resources in the PEA. The PEA mine plan includes a combined total of 12.48 Mt from the two deposits. The RW Zone portion of the Palmer Deposit did not meet internal criteria for inclusion in the base case mine plan and represents a potential future opportunity.

Table 7 – Total 2018 Mineral Resource Estimate for the Palmer Project (all deposits)

Resource Category
Palmer Deposit South Wall & RW
$75/t NSR
AG Zone Deposit
5.0% ZnEq



  1. See news release dated December 18th, 2018 for Palmer Project resource estimate.
  2. Net Smelter Return (“NSR”) equals (US$16.01 x Zn% + US$48.67 x Cu% + US$23.45 x Au g/t + US$0.32 x Ag g/t). NSR formula is based on estimated metallurgical recoveries, assumed metal prices, and assumed offsite costs that include transportation of concentrate, smelter treatment charges, and refining charges.
  3. ZnEq equals = ($66 x Cu% + $25.3 x Zn% + $22 x Pb% + $0.51 x Ag g/t + $40.19 x Au g/t) / 25.3.
  4. Assumed metal prices for NSR and ZnEq formulas are US$3.00/lb for copper (Cu), US$1.15/lb for zinc (Zn), US$ $1.00/lb for lead, US$1250/oz for gold (Au), US$16/oz for silver (Ag).
  5. Estimated metal recoveries for Palmer Deposit are 93.1% for zinc, 88.9% for copper, 90.9% for silver (70.8% to the Cu concentrate and.1% to the Zn concentrate) and 69.6% for gold (49.5% to the Cu concentrate and 20.1% to the Zn concentrate) as determined from metallurgical locked cycle flotation tests completed in 2018. No recovery data is available for AG Zone deposit.
  6. Barite (BaSO4) not included in the Cut-off determination or reported ZnEq.

Table 8 – Total Contained Metal for the Palmer Project (all deposits)

Resource Category
(M lb)
(M lb)
(M lb)
(M oz)
(K oz)
(K tonnes)
(M lbs)


For details of the mineral resource estimate for the Palmer Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the mineral resource set forth herein please refer to the technical report entitled “NI 43-101 Technical Report and Updated Resource Estimate to include the AG Zone for the Palmer Exploration Project” dated effective December 18, 2018 (the “Palmer Technical Report“). The Palmer Technical Report is available on the Company’s issuer profile on SEDAR at

Tailings and Waste Rock

Tailings and waste rock management and water management facilities and assumptions were developed by KCB. These designs included a combined tailings management and waste rock storage facility on surface, non-contact water diversions and provisions for contact water collection and disposal. Site wide water management also includes collection, treatment (if required) and disposal of underground water that reports to surface, runoff from the Millsite and process water from the Mill.

An estimated 78% of tailings will be utilized as backfill, including all pyrite concentrate and over half of the desulfurized tailings. Residual desulfurized tailings requiring surface storage represents a relatively small fraction (15%) of total material mined and milled. The desulfurized tailings are classified as non-potentially acid generating.

Non-potentially acid generating (“NPAG”) waste rock from underground development will be stored on surface. Potentially acid generating (“PAG”) waste rock generated from underground workings will be disposed of underground as backfill. Some PAG waste rock will be stored temporarily at surface during the initial years of operation in a segregated lined facility until adequate space is available underground for disposal.

Conceptual designs for tailings and waste rock management alternatives were developed for 12 candidate sites. Filtered tailings with NPAG waste rock placed as outer containment berms in the same lined facility was selected as the preferred waste management method. Life of mine total tailings production requiring storage on surface will be approximately 1.83 million tonnes along with 1.10 million tonnes of NPAG waste rock.

Infrastructure and Other

The Project is located in the Porcupine Mining District of the Haines Borough, Alaska and benefits from well-developed infrastructure including existing road access to a year-round deep-sea port and proximity to an established mining community.

The town of Haines and surrounding rural communities (population 2,400) have been providing services, skilled labor, accommodations and equipment to support Constantine’s exploration activities and local placer gold operations. Residents also work at the nearby Kensington and Greens Creek mines. For the purpose of the PEA, it is anticipated that the majority of the mine’s workforce would reside in the local community. The mine plan will provide year-round stable employment in the region, a priority in community plans. The total direct workforce is expected to be 220 full time employees with approximately 40 additional fulltime contractor jobs for concentrate trucking, barging, and crew transportation.

Existing power lines extend to within a few kilometers of the Project; however, the local grid does not currently provide sufficient power to support the Project’s needs. The PEA includes installation of a 12.5 MW liquefied natural gas (“LNG”) power plant, using five CAT 2500 kW generators. The cost of power is estimated at $0.15/kWh exclusive of genset operating and maintenance labor costs, which are accounted for in project OPEX.

Environment and Closure

A combination of natural geological characteristics and deliberate design choices result in a project that will be a North American leader in low impact, environmentally conscious mine design. Environment protection and naturally sustainable closure were integral components in the mine design. Key features include:

  • Small footprint, high-grade underground mine
  • Low waste to ore ratio
  • No permanent surface storage of potentially acid generating waste rock or tailings
  • Pyrite selectively recovered to produce a de-sulfurized tailings product which is returned to the underground mine
  • Majority of tailings returned underground for backfill, including all pyrite concentrate
  • Tailings stored on surface represents only 14% (1.8 Mt) of all milled material (12.48 Mt) and consist of environmentally benign minerals (quartz, feldspar, mica, carbonate and chlorite).
  • Avoidance of significant disturbance to wetlands or water bodies
  • Upon closure cement portal plugs will be installed to seal underground workings and prevent mine water discharge to surface
  • Utilizes existing resource access roads and overlaps areas of historic and current logging and placer mining
  • Community consensus agreement and local and State land use management plans that support mineral development within the project area

The Company has made community engagement a priority and takes great pride in how the PEA mine design addresses the environmental concerns brought forward by project stakeholders. The Project design began with sustainability in mind, providing the foundation for responsible environmental and social closure. The Company will continue engaging in meaningful conversations with stakeholders as the Project moves forward.

Sensitivity Analysis

Sensitivity to the pre-tax NPV7% to changes to significant value drivers is shown below. The analysis demonstrates the Project is resilient to lower metal prices and higher costs. The Project is most sensitive to the price of zinc, with strong leverage to higher prices.

Table 9 – Sensitivity Analysis

NPV7% $ million (Pre-Tax)
Base Case
Zinc Price
Copper Price


Project Opportunities

The PEA identifies several project challenges and opportunities that were addressed to a level satisfactory for this PEA and represent optimization opportunities for the next study level to further enhance project economics. These include:

  • Palmer Deposit and the AG Zone Deposit are open at depth and potential is considered excellent for the discovery of additional zones within the greater Palmer District
  • Preliminary metallurgical test work on the AG Zone Deposit is recommended to assess potential to enhance metal recoveries and grades, particularly for silver
  • Future trade-off studies for off-site infrastructure such as an ore terminal in Haines or expanded hydro power capacity within the local grid.

Qualified Persons Statements

The scientific and technical information in this news release with respect to the PEA (except as set forth below) has been reviewed and approved by Richard Goodwin, P.Eng., Project Manager for JDS, who is an independent “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43- 101“) and the scientific and technical information in this news release related to the design of the water and waste management components in the PEA has been reviewed and approved by Jim Casey, P.E., Project Engineer for Klohn Crippen Berger Ltd., who is an independent “qualified person” under NI 43-101. All other scientific and technical information in this news release has been approved by Darwin Green, P.Geo., the Vice President Exploration for Constantine Metal Resources Ltd. Mr. Green is a qualified person for the purposes of NI 43-101.

About the Company

Constantine is a mineral exploration company led by an experienced and proven technical team with a focus on premier North American mining environments. The Company’s flagship asset is the Palmer Project, a high-grade volcanogenic massive sulphide-sulphate (VMS) project being advanced as a joint venture between Constantine (51%) and Dowa Metals & Mining Co., Ltd. (49%), with Constantine as operator. Constantine also controls a portfolio of high-quality, 100% owned, gold projects, and intends to proceed with a restructuring transaction whereby it would spin-out these gold assets into its wholly-owned subsidiary, HighGold Mining Inc. (see Constantine news release dated May 21, 2019). These include the very high-grade Johnson Tract Au-Ag-Zn-Cu-Pb deposit, located in coastal south-central, Alaska and projects in the Timmins, Ontario gold camp that include the large, well-located Golden Mile property and the Munro Croesus Gold property, which is renowned for its exceptionally high-grade gold mineralization and the most-recently acquired Golden Perimeter property. Management is committed to providing shareholder value through discovery, meaningful community engagement, environmental stewardship, and responsible mineral exploration and development activities that support local jobs and businesses.

On Behalf of Constantine Metal Resources Ltd.

“Garfield MacVeigh”

For further information, please visit the Constantine Metal Resources website at, or contact:

Naomi Nemeth
Vice President, Investor Relations
Phone: +1 604 629 2348, Ext 1413


Garfield MacVeigh, President
Phone: +1 604 629 2348


The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, the completion of the technical report in support of the PEA, statements regarding the mineral resource estimate, potential mineralization and geological merits of the Palmer Project. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof 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” or the negative connotation thereof. Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about the Company’s business and the industry and markets in which it operates.

Forward-looking information and statements are made based upon numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, commodity prices, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Constantine to differ materially from any projections of results, performances and achievements of Constantine expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, imprecision of mineral resource estimates, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing and other factors discussed or referred to in the Company’s most recent MD&A under “Risk Factors”.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by 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 forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

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