CellCube Spinout Company V23 Resource Signs LOI with Regency Gold

Toronto, Ontario–(Newsfile Corp. – December 13, 2018) – CellCube Energy Storage Systems Inc. (CSE: CUBE) (OTCQB: CECBF) (FSE: 01X) (“CellCube” or the “Company”) is pleased to announce that its wholly owned subsidiary, V23 Resource Corp. (“V23 Resource”), has signed a non-binding letter of intent (“LOI”) with Regency Gold Corp., a TSX Venture Exchange company (TSXV: RAU.H.X), for the purpose of a business combination that would result in V23 Resource becoming a publicly listed company.

The LOI contemplates that the two companies will enter into a combination by way of a reverse merger or acquisition that will lead to V23 Resource becoming the resulting issuer on the TSX Venture Exchange. The companies will continue to negotiate and conduct due diligence and expect to enter into a definitive binding agreement within 30 days.

Spin-out and Distribution to Shareholders of V23 Resource Corp.

CellCube has established a record date of January 4, 2019, for the spin-out of its 100-per-cent-owned Bisoni Mackay and Bisoni-Rio vanadium assets into the newly formed V23 Resource (see news release dated June 28, 2018). CellCube shareholders of record owning common shares of the Company on January 4, 2019, will be eligible to receive the distribution of one common share of V23 Resource for every two common shares of CellCube upon completion of the spinout arrangement. CellCube intends to retain a 19.9-per-cent interest in V23 Resource, in addition to certain off-take rights, and the transaction is expected to be completed by year end.

“The spin-out of our vanadium assets into a new publicly listed entity will greatly enhance shareholder value,” stated Mike Neylan, CEO of CellCube. “With vanadium prices approaching unprecedented levels, this is a critical step to unlock the value of our resource business for the benefit of our current shareholders,” further commented Mr. Neylan.

V23 Resource Corp.

V23 Resource Corp. is a vanadium exploration company wholly owned by CellCube, with two vanadium properties located in Nye County, Nevada. CellCube’s Bisoni McKay and Bisoni-Rio properties represent a significant pure play vanadium projects in North America, totalling 4,115 acres contiguous to the Gibellini deposit held by Prophecy Development Corp.

Drilling of 52 drill holes and exploration to date have indicated that the Bisoni McKay is a pure play vanadium resource that does not possess any significant concentrations of any secondary metals. Of greater importance, only 12 per cent of the Bisoni McKay area has been drilled (and none of the Bisoni-Rio), which has already resulted in the estimation of a National Instrument 43-101 indicated resource of 11.9 million tons at an average grade of 0.39 per cent vanadium pentoxide (“V2O5”), and an inferred resource of 7.0 million tons at an average grade of 0.42 per cent V2O5 (see news release dated September 13, 2016). The indicated resource is contained in a zone approximately 300 metres in strike length, while the inferred resource covers approximately an additional 200 metres of strike length extending to the south. The mineralized zone appears to be open at depth and extends to the north into the Bisoni-Rio property. In 2017, CellCube staked 162 claims on the Bisoni-Rio property from the Bisoni McKay right up to and abutting the Gibellini vanadium property owned by Prophecy Development Corp. (see company news release dated June 28, 2018).

Chris M. Healey, P.Geo, geological consultant to CellCube, is the independent qualified person who has reviewed and approved the scientific and technical contents of this press release.

About CellCube Energy Storage Systems Inc.

CellCube is a Canadian public company listed on the Canadian Securities Exchange (symbol CUBE), the OTCBB (symbol CECBF), and the Frankfurt Exchange (Symbol 01X WKN A2JMGP) focused on the fast-growing energy storage industry which is driven by the large increase in demand for renewable energy.

CellCube supplies vertically integrated energy storage systems to the power industry and recently acquired the assets of Gildemeister Energy Storage GmbH, now Enerox GmbH the developer and manufacturer of CellCube energy storage systems. CellCube recently acquired EnerCube Switchgear Systems (formerly Jet Power and Controls Ltd.) and Power Haz Energy Mobile Solutions Inc. (formerly HillCroft Consulting Ltd.) and has also invested in an online renewable energy financing platform, Braggawatt Energy Inc.

CellCube develops, manufactures, and markets energy storage systems on the basis of vanadium redox flow technology and has over 130 project installations and a 10 year operational track record. Its highly integrated energy storage System solutions features 99% residual energy capacity after 11,000 cycles with the focus on larger scale containerized modules. Basic building blocks consist of a 250kW unit family with 4, 6 and 8 hours variation in energy capacity.

On Behalf of CellCube Energy Storage Systems Inc.,
Mike Neylan, CEO, Director

Glenda Kelly, Investor Communications
1 800 882-3213
Email: info@cellcubeenergystorage.com

This news release contains certain “forward-looking statements” within the meaning of Canadian securities legislation. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements are discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Neither the 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.


Upco International Inc. enters Agreement to market its Upco Messenger App to European Football Clubs and well-known Publishers of Paid Content

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) – Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce that it has signed a strategic cooperation agreement with Megafanstore Marketing Ltd. (“Megafanstore”), a London UK-based company. Under the terms of the agreement, the parties will collaborate to leverage the Upco Messenger with its blockchain and e-Wallet technology for mobile payment solutions. Pending enhancements in Upco’s platform will provide channel support for tailored solutions with key partners, including well-known publishers of paid content, and European football clubs. These enhancements will benefit Upco by extending its user base, and channel partners, by extending their reach in the market.

NewsChannels and Paid Content Strategy

The first step in the NewsChannel content strategy will be to integrate quality content channels provided by individual partners, adding new partners within a strategic framework. The strategy will be driven by the gradual shift in the digital publishing industry from free to paid content. To date, publishers are limited to offering exclusive subscription deals for paid content to their readers, because micropayments executed via traditional payment methods are too expensive. Under this new model, Upco will offer single articles for purchase with the Upco e-Wallet, which will create an additional revenue stream for publishers.

FanChannels for European Football Clubs

The second step in the strategy is to develop special interest channels or “FanChannels”, which will include quality content provided by European Football clubs, thereby improving communication and enhancing fan activation strategies.

Social media offers exciting new opportunities for professional European football clubs in the areas of strategic press and public relations, and strategic marketing. In the future, digital media and social networks will be, behind television, the most important markets and sources of revenue in the professional football sector. The leading football clubs currently reach up to 500 million followers globally, primarily through social media. It is estimated that more than 2 billion football fans worldwide could be reached via the Upco messenger, and this target group represents enormous growth and revenue potential.

Upco also announces that it will not be proceeding with the purchase of the assets of Spectrum Intelligence Communication Agency (SICA).

About Megafanstore Marketing Ltd. (www.megafanstore.com/ir)

Megafanstore Marketing Ltd. operates an online platform for the distribution of fan articles from sports teams, music stars, artists, and top athletes, and associated merchandise marketing. In addition to the B2B and B2C online business, the company offers the 3D mini fan, personalized 3D miniature figures and 3D avatars for football fans (www.3dminifan.com). Megafanstore collaborates with Great Branding, UEFA’s official licensing partner, for marketing to leading football clubs and is well-connected in the football industry.

About Upco International Inc.

Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using Blockchain Payment Services, users will be able to: send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments. The application will also allow vendors to securely share account information with their clients.

Please visit upcointernational.com or upcomobile.com for further information.


Andrea Pagani, CEO and Director
+1 (212) 461 3676

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “will” “may” “believe”, “expect”, “anticipate”, “intend”, “estimate”, “development”, “forthcoming”, “potentially” and similar expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking information provided by Upco is not a guarantee of future results or performance.

Rise Gold Intersects 149 gpt Gold Over 6.8 meters at Idaho-Maryland

  • 1st drill hole in 52 Vein area assays 149.3 gpt gold over 6.8 m
  • Confirms the 52 Vein area as a significant exploration target
  • Drilling of the Idaho #1 Vein target currently in-progress

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) –  Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the “Company“) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.

The exploration drill program at the Idaho-Maryland continues to be successful and recent drilling tested several new targets which produced the highest-grade gold intercept to-date.

Very high-grade gold mineralization was encountered in the first hole to test the 52 Vein area. The 52 Vein area lies above the Idaho #1 Vein target and most drill holes are expected to pierce the 52 Vein target en route to the Idaho #1 Vein target.

Drill hole I-18-10 intersected a quartz shear vein and a wide zone of extensional veining. This intersection is interpreted to be a continuation of the 52 Vein where historic mining and exploration were conducted prior to mine shut-down in the 1950’s.

The mineralization in the I-18-10 intercept consists of a quartz shear vein and zones of extensional quartz veins in the hanging wall and footwall of the vein.

  • Hanging wall stringers of the 52 Vein assayed 1.8 gpt gold over 7.6 m.
  • The 52 shear vein assayed 3.2 gpt gold over 6.4 m.
  • An extensional vein in the footwall with visible gold assayed 97.3 gpt gold over 0.5 m.
  • A series of stringers in the footwall of the 52 Vein assayed 149.3 gpt gold over 6.8 m including an extensional vein in the footwall which contained visible gold and assayed 2,190 gpt gold over 0.5 m.

The mineralization encountered in the I-18-10 intercept is similar to mineralization annotated on historic mining maps and detailed in reports produced at the time. The historic operator conducted mining and exploration in the 52-Vein area in both the regular shear veins and zones of extensional veining in both the hanging wall and footwall of the 52 Vein.

The 52 Vein area is a significant exploration target. Historic exploration drifting and mining in 52 Vein mineralization to the east of the I-18-10 intercept and historic drill holes and mining to the north outline a lateral area to be explored of approximately 365 m x 495 m. Further drilling is required to determine the extent and nature of mineralization in the 52 Vein exploration target area. The casing for drill hole I-18-10 was left in-place and further testing in the area of the high-grade intercept can be done efficiently using branch holes in the future.

A summary of drill hole assay results from recent exploration diamond drilling are presented in Table 1 and illustrated in Figure 1. Collar orientation data for the drill holes are detailed in Table 2. A detailed summary of the 52 Vein area is outlined in Section 9.1.2 of the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on the Company website and at www.sedar.com.

Additional drawings showing the 52 Vein drill hole intercepts can be downloaded from the following link.


TABLE 1 – New Drill Hole Intercept Highlights

Hole From (m) To (m) Gold (gpt) Intercept Length (m) Estimated True Width (m) * Vein
B-18-06 682.8 688.6 2.6 5.8 4.1 B10
B-18-06 766.5 775.5 4.9 9.0 8.2 B41
B-18-07 733.3 736.4 3.0 3.0 2.4 B6
B-18-07 746.5 750.1 4.0 3.7 2.8 B10 HW
B-18-07 757.0 760.8 1.9 6.8 5.4 B10 FW
Z-18-08 No significant mineralization
Z-18-09 309.7 316.4 3.3 6.7 ? Zebra
I-18-10 171.1 174.6 4.7 3.5 ? Zebra
I-18-10 958.0 965.6 1.8 7.6 ? 52 HW “Stringers”
I-18-10 965.6 972.0 3.2 6.4 ? 52 Shear Vein
I-18-10 978.0 978.5 97.3 0.5 ? 52 FW “Stringer”
I-18-10 987.8 994.6 149.3 6.8 ? 52 FW “Stringers”
Including 993.4 993.9 2190 0.5 ?


* Estimated true widths for the B6, B10, & B41 Veins are based on modeling from previous drill intercepts and historic mining. The Company is not able to reliably estimate true widths for the 52 Vein mineralization and for the Zebra Zone until further drilling is completed.

TABLE 2Drill hole Orientations at Collar

Hole Depth (m) Azimuth
B-18-06 981 40 -73
B-18-07 807 331 -60
Z-18-08 318 90 -64
Z-18-09 321 80 -64
I-18-10 1025 314 -61


FIGURE 152 Vein Intercept – Plan View

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FIGURE 252 Vein Intercept – Section View

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52 Vein Area

In October 1940, the historic operator completed the deepening of the 30 Winze from the I2000 level to the I2700 level and commenced drifting on the Idaho #2 Vein to the south west. Drifting through mineralization continued beyond the expected limit of the Idaho #2 Vein into the Brunswick “Porphyrite” Block and at the forced wartime shut down in 1942 the company had completed over 400 meters of exploration drifting in continuous mineralization on an apparent new vein structure. The mineralization discovered was unusual as it had never been encountered in this area before and had an unusually flat dip in comparison to the other veins of the mine. The historic operator remarked that the discovery constituted a “wholly new development in the geology of the mine”[1].

After the mine reopened following WWII, the historic operator continued exploration in the area with significant additional mineralization discovered in 1948 showing widths up to 9 meters and assays up to 55 gpt gold. By 1951, the 52 Vein had become one of the most important areas in the mine. Abundant “specimen ore” was reported in addition to the regular gold content of quartz vein mineralization. Reports in 1951 indicate over 1400 oz of gold in “specimen ore” alone was removed from the mine in less than 2 months. Data from train car sampling is available from 1950 – 1952 which show an average diluted mine grade of ~10.6 gpt gold from mining in the 52 Vein area[2][3][4].

The 52 Vein area presented logistical difficulties due to the lack of infrastructure in the area. Moving rock to surface required a 450 m tram along I2700 level to 30 Winze, hoisting via 30 Winze from I2700 to I2000 level, a 1200 m tram on I2000 level to the Idaho shaft, and then hoisting of the ore to surface through the inclined Idaho shaft[5]. The difficulty in moving rock impeded the development of the area and was not resolved until 1954 when a connection was made to the New Brunswick Shaft on B3280 level[6].

Mineralization in the 52 Vein area consists of gently dipping shear veins with substantial extensional veining or “stringer” mineralization in the footwall and hanging wall of the veins. Stoping of the shear veins was undertaken by the historic operators with overlapping stopes and slashing of the adjacent stringer mineralization. The shear veins generally ranged in width from 2 – 3 m but mining widths exceeded 12 m in some areas where adjacent “stringer” mineralization was present. Much drifting was done in the stringer mineralization located in the footwall of the 52 Vein and in the final year of the mine’s operation the 17 cross-cut was driven 110 meters into the footwall of the 52 Vein where it was reported to be well mineralized1.

Drill hole I-18-10 intersected multiple mineralized horizons believed to correlate with the historic 52 Vein area. The intercept shows extensional veins persisting into the footwall of the 52 Vein for a significant distance with some of these veins showing visible gold.

Two historic exploration diamond drill holes are located north of the I-18-10 intercept and assayed up to 16.5 gpt gold over 9.1 m. The historic drill holes were drilled at a poor orientation to the mineralization as they were drilled sub-horizontally into the flat-lying to gently dipping structure. These historic drill holes likely did not pierce the entire 52 Vein mineralized horizon[7].

Historic exploration drifting and mining in 52 Vein mineralization to the east and historic drill holes and mining to the north outline a potential exploration area of approximately 365 m x 495 m. The 52 Vein area has exploration potential in both the shear veins and in areas where extensional veins are sufficiently concentrated to allow bulk mining. Further drilling is required to determine the extent and nature of mineralization in the 52 Vein exploration target area. Many of the drill holes that are planned for testing of the Idaho #1 Vein will also pierce the 52 Vein target area.

Zebra Zone Drilling

Two drill holes, Z-18-08 and Z-18-09, targeted the Zebra Zone target. The Zebra Zone is a unique area of the Brunswick Mine where gold and quartz veins are hosted in a large block of calcareous meta-sediments, historically referred to as “black slates”. Drill hole I-18-10 intersected “Zebra” style mineralization in similar meta-sedimentary rocks. Further drilling is required in this area to determine the orientation of the mineralization and properly test the target. Drill hole Z-18-09 intersected 3.3 gpt gold over 6.7 m and drill hole I-18-10 intersected 4.7 gpt gold over 3.5 m in “Zebra” type host rocks.

Brunswick Zone Drilling

Drill holes B-18-06 and B-18-07 successfully expanded several previously intersected Brunswick veins at depth. (See Rise Gold news releases dated August 7th, July 23rd, June 28th, and January 3rd, 2018)

Drill hole B-18-06 intersected the B41 Vein below the B2300 level, with an intercept of 4.9 gpt gold over 9.0 m and B-18-07 extended the B10 Veins below the B1880 level.

The B41 Vein is believed to be a significant target at the Brunswick Mine due to is exceptional width and increasing grade with proximity to the 6-3 Fault.

The Company’s exploration program is currently focussed on the Idaho #1 Vein target and further drilling of the Brunswick veins will be done in the future.

Drawings showing the Brunswick drill hole intercepts can be downloaded from the following link.


Quality Control and Assay Methods

Richard Lippoth, M.Sc, CPG, the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release and has reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the scientific and technical contents of this news release.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The -100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

Detailed production information from the internal records of the Idaho Maryland Mine are available for the period from 1926-1955. In general, the Idaho Maryland Mines Co. appears to have been a well-run company with excellent record keeping. The qualified person believes this information is reliable but some of the source documents used by the authors of these documents are not available for reconciliation.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.


[1] Idaho Maryland Mines Co. Geologist Monthly Status Reports (Internal Reports). (1940-1954)
[2] Grass Valley Union. New Vein at Idaho May Go 30 Feet Wide. (Dec 1948)
[3] Los Angeles Times. New Grass Valley Gold Find Shows Vast Promise. (May 1951)
[4] Idaho Maryland Mines Co. Weekly Muck Car Sampling (Internal Records). (Mar 1950 – Dec 1952)
[5] Idaho Maryland Mines Co. Mine Manager Monthly Summary Reports (Internal Reports). (1940-1953)
[6] Clark, Jack. Gold in Quartz: The Legendary Idaho Maryland Mine. (2005)[7] Kulla, Greg (AMEC). Technical Report on the Idaho-Maryland Project. (June 2017)

Spearmint Significantly Expands its Vanadium Acreage in Quebec After Encountering Sharply Defined Anomaly

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the “Company“) is pleased to announce that upon receiving preliminary airborne data, the Company immediately increased its acreage in the Chibougamau Vanadium district to 13,985 contiguous acres.

James Nelson, President of Spearmint, stated “We are optimistic to have received such encouraging preliminary data from the airborne surveys and are awaiting final results from the entirety of the property before the end of the year. Having already uncovered at least one potential high priority target to date on our Vanadium prospect, we immediately expanded and consolidated our existing fragmented properties into one large contiguous land package bordering BlackRock Metals. This new acreage strengthens our significant footprint in this world class Vanadium district. As the Vanadium price-per-pound has recently reached all-time highs, breaking over $33USD per pound, we are very excited to have uncovered this sharply defined target this early in the phase one work program on our Chibougamau Vanadium prospect. Immediate follow up work is being planned and management is expecting to have crews on the ground shortly to further investigate this specific anomaly.”

Several north-east trending anomalous zones have been detected from the ongoing magnetic survey. The most significant zone to date is a sharply defined area of strong magnetic susceptibility, displaying a steep gradient ranging between – 120 nT to + 135 nT, within a sinuous anomalous area measuring approximately 600 m N-S by 300 to 600 m E-W.

Spearmint’s Vanadium prospect borders the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project and Vanadium One Energy Corp.’s (VONE.v) Mont Sorcier vanadium project. Vanadium has garnered significant market attention recently as the use of vanadium in battery storage is gaining momentum and Spearmint is very pleased to maintain a significant footprint in one of Canada’s best-known vanadium districts. Vanadium has been the best performing battery metal over the past two years going from under $5 USD per pound to recently reaching an all-time high of over $33 USD per pound. On August 21, 2018, the Government of Quebec announced a $248-million investment in the BlackRock Metals Vanadium Project and the development of the Grande-Anse sector with the total project representing investments valued at nearly $1.3 billion and will create more than 800 jobs during the construction of the mine and mill. (Source: News Release from Office of the Deputy Prime Minister, Minister of the Economy, Science and Innovation and Minister responsible for the Digital Agenda, August 21, 2018, 09:30 EST.)

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Figure 1. Quebec Vanadium Prospects

To view an enhanced version of this graphic, please visit:

About Spearmint Resources

Spearmint’s current projects include the ‘Chibougamau Vanadium Prospect’ comprising of 13,985 contiguous acres bordering the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project and Vanadium One Energy Corp. and Spearmint’s ‘Clayton Valley Lithium Prospects’ in Nevada comprising of two claim blocks totaling 800 acres bordering Pure Energy Minerals & Cypress Development Corp.

Spearmint’s current projects also include a portfolio of prospects in the Golden Triangle of British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of six separate claims blocks totalling 9,157 acres bordering GT Gold Corp, the 920 acre ‘NEBA West’ & 6,803 acre ‘NEBA’ Gold-Copper Prospects bordering Aben Resources Ltd, the ‘Henry’ Gold-Copper Prospect consisting of two contiguous claim blocks totalling 1,989 acres in the direct vicinity of Golden Ridge Resources Ltd., and the 21,587 acre ‘EL North’ Nickel-Copper Prospect is a contiguous land package of six claims in the Eskay Creek Camp bordering Garibaldi Resources Corp. Spearmint’s other projects in British Columbia include the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totalling 1,245 acres bordering Barkerville Gold Mines, Spearmint’s 16,662 acre ‘WHY WEST’ Magnesium project consisting of six claims near Rossland BC, the ‘Safari’ Copper-Gold Prospect consisting of 9,007 contiguous acres located in the northern Quesnel Trough in North-Central BC directly bordering Serengeti Resources Inc., and the ‘Hammernose’ Gold Prospect consisting of 5,140 acres directly bordering the strategic alliance between Westhaven Ventures Inc. & Sable Resources Ltd. in the Spences Bridge gold belt located in Southern British Columbia, Canada. These new claims were acquired via Gestim.

The content of this news release was reviewed and approved by Mr. Greg Thomson, P.Geo a director and qualified person for Spearmint.

If you would like to be added to Spearmint’s news distribution list, please send your email address to

Contact Information
Tel: 1604646-6903

“James Nelson”
Spearmint Resources Inc.

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

Delrey Acquires Vanadium Assets

Strengthens Portfolio Within Strategic Energy Metals Sector

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) – DELREY METALS CORP. (CSE: DLRY) (FSE: 1OZ) (“Delrey” or the “Company“) is pleased to announce it has entered into and closed a share purchase agreement dated December 12, 2018 (the “Share Purchase Agreement“) with WEM Western Energy Metals Ltd., a private arm’s length corporation (“WEM“), to acquire all the issued and outstanding share capital of WEM. Pursuant to the terms of the Share Purchase Agreement, the Company issued 4,250,000 common shares of the Company (each, a “Share“). All securities issued pursuant to the Share Purchase Agreement will be subject to a four month statutory hold period.

WEM owns a 100 percent undivided, unencumbered legal and beneficial interest in both the Peneece and the Blackie Vanadium properties (the “Properties“), located in British Columbia. The Properties cover a total area of 2,714 hectares and host vanadium mineralization within large bodies of titaniferous magnetite. Both properties are strategically located on tidewater, near to the small coastal cities of Port Hardy (Peneece – 68km) and Prince Rupert (Blackie – 96km).

About the Peneece and Blackie Vanadium Projects:

The Properties are comprised of large-scale ultramafic complexes which are intruded by gabbroic bodies hosting iron-titanium-vanadium (Fe-Ti-V) mineralization within massive titaniferous magnetite. Two of the gabbro bodies mapped on surface display lateral extents of 4.8km x 0.8km (Peneece) and 1.2km x 0.4km (Blackie).


  • Historic samples collected from the gabbro on the Blackie assay up to 2.14% V205.1

  • The Blackie property is located in a historic mining district. The adjacent past-producing Yellow Giant Mine, located less than 10km from the property and operated by Banks Island Gold as recently as 2015 initially boasted a 414% IRR, showing the economic potential that exists on Banks Island2.

  • McDougall (1984), commented that, “an unusually strong and extensive magnetic anomaly exists over the [Peneece Property]. It was, and still remains the largest flux gate magnetic anomaly noted by the writer during many years of work on the West Coast. The size and overall magnetic intensity of the anomaly were only exceeded at the multi-billion ton “Klukwan pyroxenite-amphibolite” deposit in S.E. Alaska.”

  • Magnetic concentrate from limited float samples collected distal to the magnetic anomaly on the Peneece Property assayed up to 0.59% V205.1

  • Both properties are easily accessible by boat or helicopter and workable year round. Historic barge-logging was completed within and near to the project areas, which has created a network of logging roads and allows for low cost exploration and development.

An initial work program including a high-resolution airborne magnetic survey is planned in the near term on both Properties.

Morgan Good, President and CEO of Delrey commented: “Delrey continues to rapidly grow its portfolio of quality projects prospective for metals relative to the energy metals sector. Our team has been evaluating properties, specifically vanadium rich properties, for quite some time now. While the notable increase in the price of vanadium is still specific to steel alloys, we’re anticipating the demand to continue growing and the prevalence of vanadium redox flow batteries is clearly on the rise. The world continues to move more and more toward renewable energy sources where the need for large capacity, inexpensive and long-lasting energy storage is an absolute necessity.

About Delrey

Delrey Metals Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy minerals space. The Company has an option agreement to purchase a 100% interest in the highly prospective Sunset property situated in the Vancouver Mining Division and located near Pemberton, British Columbia. In addition to its acquisition of the Star, Porcher, Blackie, and Peneece Vanadium properties in BC, Delrey intends to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. Delrey is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “DLRY” and on the FSE under the symbol “1OZ”.

About Vanadium

Vanadium is one of the largest percentage gainers among the battery metals group (Li, Co, Ni, Cu) since early 2017 climbing from under $5/lb to over $29/lb where it currently trades. This ductile, malleable and corrosion resistant transition metal has a wide range of use cases and can be found in automobiles, pipelines, jet engines, redox flow batteries and as an alloy in steel production, among others. Currently 90% of global vanadium production is used as an alloy in the manufacturing of steel, with the grade of the steel proportional to its vanadium content. New regulations recently emplaced by the Standardization Administration of China (SAC) have eliminated Grade 2 steel rebar production in China, replacing it with Grades 3, 4, and 5, which each consume progressively more vanadium. Global industrial growth and increased building standards in earthquake prone areas are forecasted to keep demand for vanadium strong.

The emerging market for Vanadium Redox Flow Batteries (“VRBs“) is showing tremendous potential. VRBs are non-flammable, reusable over semi-infinite cycles and are shown to not degrade for more than 20 years, which make them an efficient alternative to traditional lithium-ion batteries for grid power storage. The energy generated by renewable sources such as wind and solar is not constant over time and presents an excellent use case for VRBs to store excess power generated during peak production periods, which can be utilized during seasons with low wind or sun exposure. While the battery technology is in its early stages, the recent commissioning of the world’s largest ever battery, a 200MW/800MWh vanadium flow battery in Dalian, China, is proof that the fledgling technology is progressing at a fast rate. Currently VRBs account for only 2% of global vanadium demand, while many estimates are forecasting the market share for VRB’s to increase substantially as the emerging VRB space continues to grow.

Qualified person

Scott Dorion, P.Geo., is the designated Qualified Person of the Company as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this release.

Cautionary Notes

Note that these estimations precede National Instrument 43-101, are repeated for historical reference only, and are not to be relied upon. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or reserves; and the issuer is not treating the historical estimate as current mineral resources or reserves. Nevertheless, the estimates were completed by competent individuals to the standard of the day, and are considered to be relevant to future exploration of the property.


Morgan Good

Morgan Good
President and Chief Executive Officer

For more information regarding this news release, please contact:
Morgan Good, CEO and Director
T: 604-620-8904
E: info@delreymetals.com
W: www.delreymetals.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, but are not limited to, general business and economic uncertainties. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

1Historical information contained in this news release cannot be relied upon as the Company’s Qualified Person, as defined under NI 43-101 has not prepared nor verified the historical information.

2Adjacent Properties This news release contains information about adjacent properties on which Delrey Metals does not have the right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Neither the 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.

FORK Commissioned by Jamaa to Build the NUOVOCASH Decentralized Social Networking Blockchain

Jamaa, which means “friend” in Swahili, is a decentralized social network that is built around the idea of using blockchain technology to deliver a social media experience based on high-quality content, as opposed to advertising. FORK has been commissioned by Jamaa, a UK-based technology company, to perform development work to create a Plasma sidechain to the Ethereum network called NUVOCASH on which blockchain-based, content-driven social networks can be built, thus enabling Jamaa to operate a social network specifically for East Africa. This development work will be done in exchange for 5% of the genesis tokens of the NUVOCASH blockchain (NUVO tokens). FORK is also being retained to provide services related to the crowsdale of NUVO tokens, which will be used on Jamaa’s social network. Additional niche communities are slated to be launched on the NUVOCASH blockchain in Q1 2019, including regional networks for India, Southeast Asia, and the Philippines, as well as an Esports community.

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) – GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC Pink: GBCHF) (“FORK” or the “Company”) is pleased to announce that it has entered into a memorandum of understanding with UK-based Jamaa Online Limited (“Jamaa”), in which FORK will develop a decentralized social network and communications platform called NUVOCASH that Jamaa will use to operate social network communities. This network will be programmed so that users can earn tokens in exchange for posting original content, curating content from other places, and even performing actions as simple as voting and commenting on content. The network can be adapted to accommodate other niche-focused social networks, also with user-monetization capabilities. In exchange for its development services, FORK will be paid five percent of the pre-mined NUVO tokens (genesis tokens), which will act as Jamaa’s native cryptocurrency. Further, FORK will be providing services for NUVO’s crowdsale, the details of which will be provided in a press release to follow at a later date.

The concept of monetizing social network users’ participation is built on the idea that human attention is both a limited resource and a valuable resource – particularly with regard to identifying high-quality content, and filtering out low-quality content. Through a PoB (proof-of-brain) algorithm, tokens are issued to users in exchange for making contributions to the network. For content creators, their postings contribute to the network by providing content for others to enjoy. For content curators, their work to hand-pick high-quality content contributes to the network by introducing interesting and community-relevant content. For users who vote and comment, their reactions to content provides valuable data and insights about users, which can easily be segmented and used to filter content based on the quality, as determined by users. The tokens earned for these actions will inevitably have value, because networks can offer premium or subscriber-only content, for which access can only be purchased with the token. It is then likely that there will be demand for such content, by virtue of the network’s ability to deliver top-quality content, unlike ad-based social networks which have an incentive to bias content that appears on a user’s feed.

The network that FORK will be building for Jamaa will be a Plasma sidechain to the Ethereum network, with unprecedented scalability. At the outset, Jamaa will launch its flagship social network Jamaa, for the East African population segment using the same software that powers Steem and EOS. However, in late February, Jamaa will hard-fork the NUVOCASH blockchain to use the technology that FORK is developing. Around this time, Jamaa’s parent organization will also introduce three other regional social media networks on NUVOCASH; one for Southeast Asia, one for the Philippines, and the other for India, in partnership with major regional media companies. Through a partnership arrangement, FORK and associated companies are also planning to add an Esports gaming community to be hosted on this blockchain network.

Through this deal, FORK is set to become one of the major Witness node operators on the NUVOCASH blockchain network, which is expected to be one of the largest blockchain networks, by transaction volume, as early as in Q1 of 2019. Witnesses are the equivalent of cryptocurrency miners for Delegated Proof of Stake systems like NUVOCASH, Steem and EOS.

“We’ve been very excited about Jamaa from the very beginning, it is equipped to perform as a major-league social network”, said Shidan Gouran, President and CEO of the Company. “The blockchain technology that we are developing for Jamaa’s blockchain, the NUVOCASH network, will be a groundbreaking advancement in distributed ledger technology, which will be capable of scaling to the size of Facebook or YouTube, all while remaining decentralized. Additionally, since it will be a Plasma sidechain to Ethereum, the network’s proprietary crypto asset will be an Ethereum ERC-20 token. This means it can interoperate with the many software systems developed by the Ethereum ecosystem, including the various Ethereum wallet providers.”

FORK Chairman, Steven Nerayoff, states “Jamaa’s NUVOCASH blockchain network is on course to become the world’s first decentralized social media platform that allows for censorship-resistant publishing while, at the same time, allowing for democratic moderation and governance of the network by the network’s participants themselves. In short, it can potentially turn social networking into a medium like email, where many social networking service providers and individuals can communicate and share content with each other on a global scale, with no central authority. The significance of this breakthrough should not be underestimated and we view it as a quantum leap in the evolution of the Internet itself. Jamaa is the first such community to run on the NUVOCASH network.”

As of today, Jamaa’s beta version will be available to the public. There are currently 1,400 beta testers signed up. The production platform is expected to launch in Q1 2019, with an anticipated user base of more than 2,000,000 members based on the existing community size of Jamaa’s affiliate partners.

For access to Jamaa’s beta test version, please see https://jamaa.com.

On behalf of the Company:
Shidan Gouran, President and CEO

For more information please contact:
Global Blockchain Mining Corp. Investor Relations

About Global Blockchain Mining Corp.

Global Blockchain Mining Corp. is a technology company that is engaged in the business of mining blue-chip cryptocurrencies through the deployment of hardware and associated infrastructure to mine these coins. Investors, through their investment in the Company, are provided with exposure to these cryptocurrencies without the lengthy, and complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies.

The Company is listed on the Canadian Securities Exchange (“CSE“) and its common shares trade under the ticker symbol “FORK”. Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well as on the Company’s website at: www.forkcse.com

Cautionary Note Regarding Forward-Looking Information

Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.

Neither the 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.

Argo Gold Announces First Closing of Units and Flow-Through Shares

Toronto, Ontario–(Newsfile Corp. – December 12, 2018) – Argo Gold Inc. (CSE: ARQ) (“Argo Gold” or the “Company“) is pleased to announce that it has completed the first tranche (“First Tranche“) of its previously announced non-brokered private placement offering through the issuance of 1,600,000 units (“Units“) at a price of $0.18 per Unit and 1,600,000 flow through shares (“Flow Through Shares“) at a price of $0.22 per Flow Through Share, for aggregate proceeds of $640,000. Each Unit consists of one common share (a “Common Share“) of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant“) with each Warrant entitling the holder thereof to purchase one Common Share at an exercise price of $0.25 for a period of twelve (12) months from the date of closing of the First Tranche.

In connection with the issuance of the Units subscribed for in the First Tranche, the Company paid a finder’s fee equal to $41,869 and issued an aggregate of 208,950 broker warrants (the “Broker Warrants“), each Broker Warrant exercisable into one Common Share at a price of $0.25 per share for twelve (12) months from the date of closing of the First Tranche. The securities issued in connection with the First Tranche are subject to a hold period of four months and a day from the date of closing of the First Tranche.

The net proceeds from the Unit offering will be used for general corporate purposes. The gross proceeds from the Flow-Through Share offering will be used for Canadian Exploration Expenses, and will qualify as “flow-through mining expenditures”, as defined in the Income Tax Act (Canada).

About Argo Gold Inc.

Argo Gold is listed on the Canadian Securities Exchange under the ticker ARQ. Argo Gold is focused on gold exploration projects in central and northwestern Ontario. Argo Gold’s website is www.argogold.ca.

For more information please contact:

Paul Poggione
Corporate Development
(613) 277-1989


Forward-looking Information Cautionary Statement

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