Azincourt Energy Announces Closing of Private Placement

Vancouver, British Columbia–(Newsfile Corp. – December 24, 2018) – Azincourt Energy Corp. (TSXV: AAZ) (the “Company” or “Azincourt”)  announces that it has completed a non-brokered private placement of 1,000,333 non flow-through units at a price of C$0.06 per unit and 3,983,332 flow through units at C$0.06 per unit for gross proceeds of C$$299,020 (the “Offering”).

Each flow through unit consists of one common share and one-half of one common share purchase warrant and each non-flow-through unit consists of one common share and one common share purchase warrant (the “Warrants“). Each whole Warrant entitles the holder to purchase one additional common share until December 24, 2019 at a price of C$0.10 per common share.

Azincourt will apply the proceeds of the Offering to advance the Company’s East Preston uranium project located in the southwestern Athabasca Basin and for general working capital purposes.

Closing of the private placement is subject to receipt of TSX Venture Exchange final approval.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture lithium exploration projects in the Winnipeg River Pegmatite Field, Manitoba, Canada, its East Preston and Patterson Lake North uranium projects in the Athabasca Basin, Saskatchewan, Canada, and its 100% owned Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

“Alex Klenman”
Alex Klenman, President & CEO

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

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

This press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

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Pacific Bay Confirms Share Consolidation Effective Date

Vancouver, British Columbia–(Newsfile Corp. – December 19, 2018) – David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) (“Pacific Bay” or the “Company”) reports that the share consolidation (five old for one new) that was approved by shareholders on June 22, 2018, shall be become effective prior to the open of the market on Friday December 21, 2018. Further, the post-consolidation common shares shall commence trading on Friday December 21, 2018. The name of the Company and the trading symbol shall remain unchanged.

The Company shall also proceed with closing the private placement of flow-through and non-flow-through units, as disclosed in the News Release dated September 14, 2018, immediately following completion of the share consolidation. Completion of the shares for debt transactions, also disclosed in the News Release dated September 14, 2018, shall be deferred until January 2019.

Pacific Bay Minerals Ltd.

Per/

David H. Brett, MBA
President & CEO
604-682-2421
dbrett@pacificbayminerals.com

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

Constantine Announces Maiden AG Zone Resource Estimate for Palmer Project of 4.26 Million Tonnes Grading 9.04% Zinc Equivalent

Vancouver, British Columbia–(Newsfile Corp. – December 18, 2018) – Constantine Metal Resources Ltd. (TSXV: CEM) (“Constantine” or the “Company”) is pleased to announce a maiden mineral resource estimate for the AG Zone at the Palmer Copper-Zinc-Lead-Silver-Gold Project (“Palmer” or “Project”). AG Zone is the second deposit to be defined at Palmer and adds to the existing mineral resource base. The total consolidated mineral resource now stands at 4.68 million tonnes of 10.2% zinc equivalent in the indicated category and 9.59 million tonnes of 8.9% zinc equivalent in the inferred category.

“The rapid evolution of the AG Zone from discovery to maiden resource has increased the value of this deposit in a very short time frame,” commented President and CEO Garfield MacVeigh.

This initial estimate establishes the AG Zone as a significant precious-metal rich zinc deposit, which has increased the total resource tonnage at Palmer by 43%. Located just three kilometers from the main Palmer Deposit, AG Zone has potential to have a positive impact on the economics of the project. It also clearly confirms the multi-deposit district potential of the 81,000-acre property. The opportunity to discover additional deposits and expand the two known resource areas is considered excellent.

Table 1. AG Zone Deposit Only: Sensitivity by Cutoff Grade

INFERRED MINERAL RESOURCE ESTIMATE (effective date December 18, 2018)
Cut-off Grade Tonnes Zn Cu Pb Ag Au Barite ZnEq
(% ZnEq) (1,000s) (%) (%) (%) (g/t) (g/t) (BaSO4%) (%)
4.5 4,648 4.48 0.12 0.90 114.2 0.50 34.1 8.68
5.0 4,256 4.64 0.12 0.96 119.5 0.53 34.8 9.04
5.5 3,975 4.78 0.13 1.00 122.2 0.54 34.7 9.31
Contained Metal
Cut-off Grade Zn Cu Pb Ag Au Barite ZnEq
(% ZnEq) (M lb) (M lb) (M lb) (M oz) (K oz) (K tonnes) (M lbs)
4.5 459 12 92 17.1 74.7 1,583 889
5.0 435 11 90 16.4 72.5 1,480 848
5.5 419 11 88 15.6 69.0 1,379 816

Notes:

  1. Includes all drill holes completed at AG Zone; drilling completed between June 2017 and September 2018.
  2. Zinc Equivalent (“ZnEq”) based on assumed metal prices and 100% recovery and payable for Cu, Zn, Pb, Ag and Au.
  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 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. Barite (BaSO4) not included in the Cut-off determination or reported ZnEq.
  6. Mineral resources as reported are undiluted.
  7. Mineral resource tonnages have been rounded to reflect the precision of the estimate.
  8. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.

Table 2. Total Mineral Resource for the Palmer Project (all deposits)

Deposit Cut-off Resource Category Tonnes Zn Cu Pb Ag Au Barite ZnEq
(1,000s) (%) (%) (%) (g/t) (g/t) (BaSO4%) (%)
Palmer Deposit South Wall & RW $75/t NSR Indicated 4,677 5.23 1.49 30.8 0.30 23.9 10.21
$75/t NSR Inferred 5,338 5.20 0.96 29.2 0.28 22.0 8.74
AG Zone Deposit 5.0% ZnEq Inferred 4,256 4.64 0.12 0.96 119.5 0.53 34.8 9.04
Total Indicated 4,677 5.23 1.49 30.8 0.30 23.9 10.21
Inferred 9,594 4.95 0.59 0.43 69.3 0.39 27.7 8.87

Notes:

  1. See news release dated September 27, 2018 for Palmer Deposit 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 20.1% 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 3. Total Contained Metal for the Palmer Project (all deposits)

Resource Category Zn Cu Pb Ag Au Barite ZnEq
(M lb) (M lb) (M lb) (M oz) (K oz) (K tonnes) (M lbs)
Indicated 539 154 4.6 45.1 1,116 1,053
Inferred 1,047 124 90 21.4 120.6 2,654 1,876

 

AG Zone Resource Model

The mineral resource estimate prepared by James N. Gray of Advantage Geoservices Ltd. is reported in accordance with Canadian Securities Administrators’ NI 43-101 and conforms to the Canadian Institute of Mining “Estimation of Mineral Resources and Mineral Reserves Best Practices” guidelines. The resource incorporates all exploration drilling in the AG Zone Deposit area completed since initial discovery in 2017. Twenty-nine (29) exploration diamond drill holes for 10,766 metres and geological surface mapping were used to generate the geological and structural model for the AG Zone. Twenty (20) holes intersected the interpreted mineralized solids. Outlier assays were capped and all assays within the mineralized zones were composited to 1.5-metre lengths. Metal grades were estimated using inverse distance cubed interpolation into a three-dimensional (“3D”) block model with block dimensions of 6 x 6 x 6 metres, which is consistent with the main Palmer Deposit. Density was estimated by inverse distance squared interpolation with unique density values determined by conventional analytical methods for all assay samples.

Three-dimensional geologic solids (Figure 1) were constructed by Darwin Green, Vice President of Exploration, and reviewed by QP Ian Cunningham-Dunlop, P.Eng. Vice President, Advanced Projects, and, in general, were limited to material grading > 2% Zn or > 60 grams per tonne (“g/t”) Ag that could be correlated with definable stratabound zones. As a general rule, solids were extended no more than 50 metres up-dip, down-dip and along strike from a drill hole except where geology supported extension between holes in the trend of mineralization. Two (2) solids for sulphide mineralization were included in the Inferred Mineral Resource: the AG main lens, and the AG footwall zinc zone.

Material was classified as Inferred Mineral Resource where estimated by at least three holes (96% of blocks) or by two holes if the closest is within 75 metres (3%) or by a single hole if within 30 metres (1%). The complete NI 43-101 Technical Report will be released within 45 days of this news release.

Ian Cunningham-Dunlop, P.Eng, Vice President of Advanced Projects to Constantine Metal Resources Ltd., is a Qualified Person as defined by NI 43-101 for the Palmer project. James N. Gray, P.Geo of Advantage Geoservices Ltd. is the Qualified Person as defined by NI 43-101 for the resource estimate discussed above. They have reviewed and approved the contents of this release.

Discussion of AG Zone, Barite and Next Steps

Compared to the main Palmer Deposit, the AG Zone resource contains significantly higher-grades of silver, gold, lead and barite, similar zinc grade and lower copper grade. On a zinc equivalent basis, the grade of the two deposits is roughly comparable. Mineralogy is similar but with different relative abundance of the primary ore-minerals. QEMSCAN mineralogical analyses for AG Zone indicate good liberation and exposure of ore-minerals at moderate grind sizes. Good metal recoveries are expected based on the QEMSCAN data and benchmarking to metallurgical data for the main Palmer Deposit and other like deposits.

A barite market study has been completed for the Project that supports the potential economics of recovering barite as a saleable commodity. In addition to estimating wholesale price and size of North American drilling-grade barite markets, the study also assessed the logistics and cost of transportation.

The Company and its consultants plan to evaluate the potential integration of the new AG Zone resource into its ongoing preliminary evaluation of project economics for the main Palmer Deposit.

About the Palmer Project

Palmer is 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. The Project is located in a very accessible part of coastal Southeast Alaska, with road access to the edge of the property and within 60 kilometers of the year-round deep-sea port of Haines. Mineralization at Palmer occurs within the same belt of rocks that is host to the Greens Creek mine, one of the world’s richest VMS deposits. VMS deposits are known to occur in clusters, and with at least 25 separate base metal and/or barite occurrences and prospects on the Project, there is abundant potential for discovery of multiple deposits at Palmer.

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. In addition to the Company’s flagship copper-zinc-lead-silver-gold (barite) Palmer Joint Venture Project, Constantine also controls a portfolio of high-quality, 100% owned, gold projects that the Company intends to spin out into a separate entity. 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 past production. 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.

Please visit the Company’s website (www.constantinemetals.com) for more detailed company and project information.

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On Behalf of Constantine Metal Resources Ltd.

“Garfield MacVeigh”

President

For further information, please visit the Constantine Metal Resources website at www.constantinemetals.com, or contact:

Naomi Nemeth
Vice President, Investor Relations
Email: info@constantinemetals.com
Phone: +1 604 629 2348

Or

Garfield MacVeigh, President
Email: info@constantinemetals.com
Phone: +1 604 629 2348

Notes:

Forward looking statements: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”).” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the mineral resource estimate, potential mineralization and geological merits of the Palmer Project and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future barite and metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

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.

Aurania Discovers High-Grade Silver-Zinc-Lead Associated with Epithermal Gold-Silver and Porphyry Copper Targets at Its Ecuador Project

Toronto, Ontario–(Newsfile Corp. – November 29, 2018) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) reports that its exploration teams have discovered silver-lead-zinc mineralization in grab samples that run as high as 325 g/t silver, 48% zinc, and 39% lead, discovered between the new Tiria epithermal gold-silver target and the Jempe copper porphyry zone in its Lost Cities – Cutucu Project (“Project”) in Ecuador.

Aurania’s Chairman and CEO, Dr. Keith Barron commented, “A few days ago, we announced that we are seeing evidence of a gold-silver epithermal target being linked with a copper porphyry in the Kirus-Tinchi mineralized system (see Aurania’s press release dated November 27, 2018). We are now seeing evidence of a second complete mineralized system that has the Jempe copper porphyry at its core, which evolves outwards through a silver-zinc-lead zone (Shimpia target) and finally into the Tiria epithermal targets for gold-silver at the furthest extremity of the system. Having these indicators of an entire mineralized systems within our Project will allow us to develop each target efficiently and turbocharges our definition of value in the Project. Our focus remains on gold. However, we feel it is in the best interest of all our stakeholders to responsibly pursue these additional emerging opportunities in copper – the electric metal – and other commodities that can add value to the Project at minimal extra cost to Aurania.”

Conference Call – Update on Exploration

Aurania will be hosting a webcasted conference call on Monday, December 3rd, 2018 at 11:00am ET to provide an update on exploration:

Webcast URL: http://services.choruscall.ca/links/aurania20181203.html
When prompted, webcast participants enter: First Name, Last Name, Company, Email Address.

PARTICIPANT TELEPHONE NUMBERS
Canada/USA Toll Free: 1-800-319-4610
Toronto Toll: +1-416-915-3239
UK & Europe Toll Free: 0808-101-2791

Callers should dial in 5 – 10 min prior to the scheduled start time and ask to join Aurania’s conference call.

Shimpia Target

Stream sediment sampling has identified silver, zinc and lead enrichment over an area measuring 8 kilometres (“km”) by 4km at Shimpia (Figure 1). Grab samples of rock collected by the reconnaissance exploration teams contained up to 325 grams per tonne (“g/t”) of silver, 39% lead and 48% zinc within the target area (Table 1). The grab samples contain semi-massive sphalerite (zinc sulphide mineral) and galena (lead sulphide) with abundant barite (barium sulphate) within limestone host-rock. The silver is not identifiable to the naked eye, but is suspected to occur within the galena.

Shimpia lies within a fault-bounded area that is linked with the conspicuous magnetic zone evident in the geophysical data at Jempe. Grab samples of rock from reconnaissance at Jempe returned a maximum value of 3% copper and 47g/t silver. The copper is contained in the minerals malachite, chrysocolla, tenorite, chalcocite and cuprite.

Table 1: Selected analytical results for grab samples of rocks from the Shimpia target.

Sample Number Silver (g/t) Lead (%) Zinc (%)
E797985 325.00 38.95 0.35
E797989 16.70 0.10 47.87
E797988 21.10 0.10 29.30
E797979 28.70 3.63 1.97
Y003454 11.90 0.35 1.32
E 797971 6.33 <0.1 25.90
Y003453 15.65 <0.1 0.58
E797987 10.65 0.18 <0.1
E797983 9.55 <0.1 0.37
Y003455 8.98 0.15 0.11
E 797967 8.82 0.84 <0.1
Y003471 7.72 <0.1 0.36
Y003452 2.98 <0.1 2.66

 

Tiria Target

Initial exploration has identified two areas adjacent to Shimpia in which streams contain concentrations of pathfinder elements typical of epithermal gold-silver mineralization including arsenic, antimony, selenium, thallium and molybdenum (Figure 1). There are two areas of enrichment of these elements at Tiria. Tiria East covers an area of 7km by 2km in extent and Tiria West, 4km by 2km. A conceptual link between these targets is illustrated in a schematic cross section through an ancient volcano shown in Figure 2.

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Figure 1. Map of the JempeShimpiaTiria mineralized system showing the extent of areas of enrichment of metals and pathfinders in streams as well as the location of grab samples of rock with grade. (Ag = silver, Ba = barium, Bi = bismuth, Cd = cadmium, Hg = mercury Mo = molybdenum, Pb = lead, Sb = antimony, Se = selenium, Tl = thallium, Zn = zinc)

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Next Steps

Further exploration will focus on the structural corridor that links the mineralized areas within the Jempe – Shimpia – Tiria system. Apart from completion of the stream sediment sampling program in the area, ridge and spur soil sampling will commence to refine the location and shape of the specific targets in preparation for scout drilling in 2019.

Permitting for the initial drilling is expected shortly, contract terms have been finalized and a drill will be mobilized to the property as soon as the final permit has been received. The hold-up is with the environmental ministry – the permit cannot be processed until the new Minister of the Environment has been appointed. Notwithstanding these additional discoveries, the Crunchy Hill epithermal gold target, located less than one kilometre from a paved road, remains the Company’s initial scout drilling target.

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Figure 2. Schematic vertical profile through a mineralized system related to volcanism showing a porphyry at the core and its relationship to “replacement lead-zinc-silver” and epithermal gold-silver mineralization. The conceptual location of the Jempe porphyry, Shimpia “replacement”, and Tiria epithermal targets are also shown.

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Sample Analysis & Quality Assurance / Quality Control (“QAQC“)

The samples were prepared for analysis at ALS Global’s (“ALS”) lab in Quito, Ecuador. The rock samples were jaw-crushed to 10 mesh (crushed material passes through a mesh with apertures of 2 millimetres (“mm”)), from which a one-kilogram sub-sample was taken. The sub-sample was crushed to a grain size of 0.075mm and a 200 gram (“g”) split was set aside for analysis.

Stream sediment samples were wet-sieved through a 20 mesh (0.84mm) screen in the field and placed in cloth bags so that excess water could drain. The samples were transported from the field to Aurania’s field office in Macas, Ecuador and batched for delivery to ALS’s preparation lab in Quito for drying and screening at 80 mesh (0.18mm sieve aperture). 250g of the -80 mesh silt was pulverized to 85% passing 0.075mm, and was packaged by ALS for analysis.

Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at approximate 20 sample intervals in all sample batches.

ALS’s preparation lab in Quito sent the prepared samples to its analytical facility in Lima, Peru for analysis by the following methods:

  • Stream sediment: a 0.5g split of the -0.075mm fraction of the stream silt underwent digestion with aqua regia and the liquid was analyzed for 48 elements by ICP-MS; and
  • Rock: approximately 0.25g of rock pulp underwent four-acid digestion and analysis for 48 elements by ICP-MS. The samples that had copper, lead and zinc grades of greater than 1%, and silver grades of over 100g/t underwent a second analysis in which 0.4 grams of pulp was digested in a mixture of four acids and the resulting liquid was diluted and analyzed by ICP-MS.

Apart from being analyzed by ICP-MS, gold was also analyzed by fire assay with an ICP-AES finish.

ALS reported that the analyses had passed its internal QAQC tests. In addition, Aurania’s analysis of results from its independent QAQC samples showed the batches reported on above, lie within acceptable limits.

Qualified Person

The technical information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania

Aurania is a junior mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
Manager – Investor Services
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
richard.spencer@aurania.com

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

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Zinc One Outlines Path Forward After Successful 2018 Drill Program at Bongará Zinc Mine Project, Peru

Vancouver, British Columbia–(Newsfile Corp. – November 29, 2018) – Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) (“Zinc One” or the “Company”) is pleased to announce that all data from the 2018 drill program at its 100%-owned Bongará Zinc Mine project in north-central Peru have now been compiled, interpreted, and modeled by Watts, Griffis, and McOuat Ltd. (“WGM”) based in Toronto. The data will be used to complete an independent mineral resource estimate for the near-surface, high-grade, zinc-oxide mineralization encountered at the Mina Grande, Mina Chica, and Bongarita deposits expected to be released in early 2019. The mineral resource estimate will be the basis for a Preliminary Economic Assessment expected to be completed late in 2019.

Highlights of 2018 Drill Program

  • Discovery of new high-grade mineralization at Mina Chica with grades as high as 46.8% Zn and 38.7% Zn
  • Advancement towards an updated mineral resource estimate expected early 2019
  • Recognition of upside exploration potential outside areas previously drilled (See Figure 1. below)

Dr. Bill Williams, COO and Interim CEO of Zinc One Resources commented, The most important highlight of our drill program was the discovery of the Mina Chica deposit and we are optimistic that the resource estimate there will make an important contribution to the overall resources. The zinc-oxide deposits drilled not only at Mina Chica, but at Mina Grande Norte, Mina Grande Centro, and Mina Grande Sur as well, have been delineated in all but one direction in each case, along which upside potential requires further definition drilling. Most importantly, the best and longest intercepts did not outcrop, so there remain areas between these deposits that have great potential, especially the 300 metre by 400 metre unexplored area between Mina Grande Norte and Mina Chica.

2018 Drill Program Summary

A map outlining the 2018 drill program can be viewed below in Figure 1. with additional maps available on the Company website at www.zincone.com.

Figure 1: Bongará Zinc Mine Project Drill Programs

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Mina Chica discovery (53 drill holes for 2,327.9 metres) – The area is notable for its lack of vegetation where zinc mineralization outcrops. An area with low-lying vegetation overlies a 100 metre by 100 metre zone with extraordinary zinc grades over tens of metres in thickness. This occurs within an area of zinc mineralization covering 200 metres in a NW-SE direction by 120 metres in an NE-SW direction. The deposit is open to the west. The most significant intercepts included:

  • MCH-18-013: 19.8 m @ 46.8% Zn from 1.9 m depth
  • MCH-18-014: 49.5 m @ 38.7% Zn from 7.3 m depth
  • MCH-18-035: 39.0 m @ 27.4% Zn from 23.8 m depth
  • MCH-18-041: 21.0 m @ 27.5% Zn from 5.8 m depth

Mina Grande Sur delineation (95 drill holes for 2,328.4 metres) – This area has a valid current mine permit (350 tpd). It also includes outcropping mineralization, but areas with low-lying vegetation were shown to overlie high-grade, zinc-oxide mineralization under a few metres of overburden. The known mineralization covers an area as much as 350 metres in a N-S direction and as much as 200 metres in an E-W direction and is open to the south. Significant intercepts included:

  • MGS-18-020: 20.5 m @ 34.3% Zn from surface
  • MGS-18-055: 33.7 m @ 24.2% Zn from 15.6 m depth
  • MGS-18-066: 16.5 m @ 26.5% Zn from surface
  • MGS-18-077: 18.0 m @ 36.0% Zn from 21.0 m depth

Mina Grande Centro delineation (64 drill holes for 2,237.3 metres) – This area was mined, in part, by the previous operator ten years ago, so this program focused on the delineation of potential mineralization left behind. Known mineralization runs approximately 200 metres in a NW-SE direction and as much as 100 metres in an NE-SW direction and is open to the northeast. Significant intercepts included:

  • MGC-18-012: 31.8 m @ 28.2% Zn from 18.0 m depth
  • MGC-18-016: 10.5 m @ 39.3% Zn from surface
  • MGC-18-051: 18.1 m @ 24.1% Zn from 7.5 m depth

Mina Grande Norte delineation (15 drill holes for 449.8 metres) – This area was also mined, in part, by the previous operator ten years ago, and drilling focused in an area on the eastern edge of the remediated area and known near-surface, high-grade, zinc-oxide mineralization encountered by Zinc One’s sampling of existing exploration pits and historical drilling. This drilling defined the western edge of the deposit, which is approximately 200 metres in a NW-SE direction and approximately 125 metres in an NE-SW direction. Significant intercepts included:

  • MGN-18-004: 30.0 m @ 28.3% Zn from 4.5 m depth
  • MGN-18-006: 37.0 m @ 31.6% Zn from 5.0 m depth
  • MGN-18-010: 39,6 m @ 37.0% Zn from 3.7 m depth
  • MGN-18-012: 14.4 m @ 40.5% Zn from 3.0 m depth

Bongarita delineation (36 drill holes for 587.2 metres) – All zinc-oxide mineralization in this area is hosted by soils. The drilling delineated this style of mineralization over an approximate area of 100 metres by 100 metres. Significant intercepts included:

  • BO-18-005: 11.5 m @ 16.0% Zn from surface
  • BO-18-007: 7.0 m @ 5.3% Zn from surface
  • BO-18-029: 5.8 m @ 19.1% Zn from surface

Future Drilling Planned

Zinc One has applied to the Ministry of Energy and Mining for approval to drill 583 holes from 364 platforms along a 1.4-kilometre long ridge from Mina Chica to and beyond Mina Grande Sur (see Figure 1.). The platforms planned for delineation and infill drilling of the known deposits are laid out in a nominal 30-metre grid spacing and the exploration holes on a nominal 50-metre drill grid. A total of 20, 41, 27, and 43 platforms, each platform to be permitted for two drill holes each, will delineate and, in part, infill previous drilling at Mina Chica, Mina Grande Norte, Mina Grande Centro, and Mina Grande Sur, respectively. Exploration drilling will be prioritized in favorable settings within areas of low-lying vegetation. Currently, Zinc One is addressing environmental and logistical questions posed by the Ministry of Energy and Mining, which will confirm that our proposals comply with existing regulations and allow the Ministry to grant the permit.

Readers are encouraged to review Figure 1. carefully which shows the upside potential by further delineation (red-proposed platforms) as well as the upside potential by exploration (black – proposed platforms). Beyond this proposed drill program is the 8-kilometre-long trend which the Company believes also contains additional upside exploration potential.

Bongará Geology

The zinc mineralization at the Bongará Zinc Mine project is classified as a Mississippi Valley-type deposit and is mostly hosted by strongly dolomitized brecciated limestones that are stratabound. The mineralization can also occur as tabular bodies with irregular boundaries, which is a characteristic of that mineralization encountered along the periphery of breccias, especially at Mina Chica. Hydrozincite (zinc oxide mineral), smithsonite (zinc carbonate mineral), hemimorphite (zinc silicate mineral), and a zinc-aluminum-iron silicate are the primary zinc minerals that are hosted by soils, dolomitized breccias, heavily-weathered fractured and vuggy dolomitized limestones, and fine- to coarse-grained dolomitized limestones.

Sampling and Analytical Protocols

Zinc One follows a systematic and rigorous Quality Control/Quality Assurance program overseen by Dr. Bill Williams, COO and Director of Zinc One.

The sample from each core run is placed in a 60-centimetre long, plastic core box that has five columns. Core recovery, rock quality designation (“RQD”), and geologic features are logged and sample intervals, which are generally <2 metres, are chosen. Each core box is photographed and then sampled with a spatula, if soil or heavily-weathered rock, or cut with a core saw, 50% of which is placed in a sample bag and stored on site in a secure location. The Company independently inserts certified control standards, blanks, and duplicates, all of which comprise at least 20% of the sample batch, to monitor sample preparation and analytical quality. The samples are stored in a secure area until such time they are shipped to the CERTIMIN laboratory in Lima (ISO 9001 Certified) for preparation and assay. At the laboratory, samples are dried, crushed, pulverized and then a four-acid digestion is applied. This is followed by the ICP-AES analytical technique for 33 elements, including lead. The same method is used to assay zinc for values up to 20%. If zinc values exceed 20%, it is then analyzed using a titration method. The laboratory also inserts blanks and standards as well as including duplicate analyses.

Qualified Person

The technical content of this news release has been reviewed, verified and approved by Dr. Bill Williams, Interim CEO, COO and a Director of Zinc One Resources Inc, a Qualified Person as defined by National Instrument 43-101. This news release was also reviewed by Al Workman, P.Geo., Vice-President of WGM and a Qualified Person under National Instrument 43-101. WGM is an independent firm of consulting geologists and engineers which has visited the project regularly since 2015.

About Zinc One Resources Inc.

Zinc One’s key assets are the Bongará Zinc Mine Project and the Charlotte-Bongará Zinc Project in north-central Peru. The Bongará Zinc Mine Project was in production from 2007 to 2008 but was closed due to the global financial crisis and concurrent decrease in the zinc price. Past production included >20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte-Bongará Project, which is over six kilometres to the north north-west and where past drilling intercepted various near-surface zones with high-grade zinc as well.

Additional Information

Monica Hamm
VP, Investor Relations
Zinc One Resources Inc.
Phone: (604) 683-0911
Email: mhamm@zincone.com
www.zincone.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One’s limited operating history, its proposed exploration and development activities on the Bongará Zinc Oxide Project and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.

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

StrikePoint Gold Inc. Discovers Two-Hundred Meter Polymetallic Vein with Samples Grading up to 876 Grams per Tonne Silver, 10.8 Grams per Tonne Gold and 12.5% Zinc on Glacier Creek Property, Stewart, British Columbia

Vancouver, British Columbia–(Newsfile Corp. – November 27, 2018) – StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce significant surface sample results from a polymetallic vein on the Glacier Creek Property. This property is part of the land package with the Porter Project acquired from Skeena Resources in July 2018.

This discovery lies 5.5 kilometers northeast of the historic Porter mine site and 4 kilometers east of Highway 37A. The Glacier Creek Property lies in an area of significant historical importance and hosted several mines during the early 20th Century, including the Dunwell and Black Bear Mines. Its lower elevation and local water supply offer StrikePoint the opportunity for an extended exploration season.

Wide Vein with Massive Sulphides

The new vein was observed along a strike length of 205-meters on the western side of Albany Creek. The vein was observed to be up to 2-meters thick on surface and consisted of brecciated mudstones flushed with quartz and massive sulphides, including pyrite, galena and sphalerite. The vein has a shallow dip of 30 degrees west, and remains open along strike.

A total of 18 surface samples were collected during a prospecting exercise on 22nd September 2018. The following table shows results for all samples collected.

Sample Number Source Gold
(grams per tonne)
Silver
(grams per tonne)
Zinc
(percent)
X956805 Outcrop 0.7
X956806 Outcrop 0.3 17.0
X956807 * Ore Pile 10.8 24.7
X956808 * Ore Pile 6.7 13.1 3.5
X956809 Outcrop 10.8 56.8 1.2
X956810 Outcrop 8 26.5 1.3
X956811 Outcrop 3.9 12.3
X956812 Outcrop 3.3 37.7
X956813 Outcrop 1.7 15.8
X956814 Outcrop 2.4 87.4
X956815 * Ore Pile 1.9 876.0
X956816 Outcrop 0.7 90.9 8.6
X956817 Outcrop 7.8 58.1
X956818 Outcrop 3.1 74.2 12.5
X956819 Outcrop 4.7 61.3 11.2
X956821 * Ore Pile 4.7 156.0 7.3
X956822 * Ore Pile 5.9 573.0 4.7
X956823 Outcrop 3.4 171.0 4.2

Historical Activity

The discovery lies in the same area as the historical “Ben Bolt” mine that was worked between 1910 and 1912. The site has remained unexplored for the intervening 100 years. The most recent report on the mine was made by Dr. A. C. Skerl in 1955 following a site visit that same year. The report details that 1,600 feet (490 meters) of hand-driven underground workings were excavated in the two years of operation, and that the “whole of the workings are within a large quartz vein that is at least 200 feet (61m) thick”.

The Ben Bolt mine lies along a geological trend known as the Portland Canal Fissure Zone, a regional structure with the same trend as the Silverado – Porter – Big Nunatak target zones.

Other historic mines along this trend have also shown significant ore bodies, with the Dunwell Mine perhaps being the most famous, which produced 45,657 tonnes average 14.3 grams per tonne gold equivalent. Drilling by America Creek Resources Ltd. at Dunwell in 2010 indicated a zone at least 300-meters long and 200-meters along dip with a true thickness of 6 to 7 meters.

2019 Drilling Target

The vein at Ben Bolt has never been drilled and as no exploration work has been undertaken since 1912 it represents a major new target for exploration in 2019. The surface strike length remains open to the northwest and the southeast, with approximately 1.6 kilometers of the Portland Canal Fissure Zone continuing to extend to the northern property boundary. The lower elevation and presence of Albany Creek has the potential for extend the exploration season within the entire Porter Project package.

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold and silver properties in the Yukon, British Columbia and throughout Canada.

QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods.

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold. Mr. Randell is a qualified person as defined in NI 43-101.

For further information please visit our website: www.strikepointgold.com.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun

CEO and Director

For more information, contact:

Shawn Khunkhun
604-602-1440
sk@strikepointgold.com

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

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Image 1

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Delrey Metals Defines Significant New Cobalt, Copper & Zinc Anomaly, Also Discovers New Zone Grading 4.3% Copper on Sunset Property, British Columbia

Vancouver, British Columbia–(Newsfile Corp. – November 22, 2018) – DELREY METALS CORP. (CSE: DLRY) (FSE: 1OZ) (“Delrey” or the “Company“) is pleased to report the results of the Phase 1 work program on its Sunset cobalt-copper-zinc (Co-Cu-Zn) Project (the “Sunset Property“) located in southwest British Columbia.

In September of 2018, 708 soil samples were collected on the Sunset Property. This is in addition to the 436 samples which were previously collected by Delrey as well as 938 samples collected by a previous operator, bringing the total number of soil samples collected on the Sunset Property to 2,082. Concurrent with the geochemical sampling, the geologist team prospected and mapped the geological terrain in detail, collecting 68 rock samples and 11 stream sediment samples from across the Sunset Property.

The geochemical sampling program has resulted in the extension of the existing cobalt-copper-zinc anomaly to the west (Figures 1-3 below). Geological mapping has demonstrated a considerable increase in alteration intensity and sulphide mineralization towards this well-defined anomaly, which is obscured by thick overburden cover in the valley bottom. While prospecting, a new bedrock discovery was made of chalcopyrite-bornite mineralization grading up to 4.3% copper, termed the Roughrider Zone (Table 1). The discovery of the Roughrider Zone, a strong soil geochemical anomaly and increasing alteration intensity all suggest that Co-Cu-Zn volcanogenic massive sulfide (VMS) style mineralization may be present below thin overburden cover, along the north side of the Soo River Valley.

Highlights:

  • >100ppm cobalt-in-soil anomaly extended to the west of previous sampling, with coincident strongly anomalous copper, zinc
  • Chalcopyrite-bornite mineralization grading up to 4.3% copper in a new bedrock discovery
  • Geological mapping and geochemical (soil) sampling indicate the presence of Co-Cu-Zn volcanogenic massive sulfide (VMS) style mineralization on the north side of the Soo River, along the valley bottom

Table 1 – Select 2018 Rock Samples from Roughrider Zone

SAMPLE ID COPPER %
1439370 3.00%
1439371 4.30%
1439374 0.28%
1439376 0.26%

 

Morgan Good, President and CEO of Delrey, commented: “We are very pleased that our Phase 1 program has led to the discovery of high-grade copper at the Roughrider Zone as well as the extension of the previously known cobalt-copper-zinc soil anomaly on the Sunset Property. The geological team has uncovered good evidence for the potential of cobalt-rich massive sulphide mineralization, which presents an exciting target for the next phase of work. Additionally, the strong copper and cobalt values returned from the 2018 sampling program are highly encouraging and in line with Delrey’s focus on the emerging strategic battery metals sector. With good infrastructure and year-round road access, the Sunset Property presents an excellent opportunity for a potentially significant cobalt-copper discovery in British Columbia.”

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Figure 1 – 2017-2018 Soil Samples – Cobalt (ppm)

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Figure 2 – 2017-2018 Soil Samples – Copper (ppm)

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Figure 3 -2017-2018 Soil Samples – Zinc (ppm)

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The Company continues to actively pursue additional strategic battery metals assets to add to its portfolio as the burgeoning sector rapidly expands.

Quality Assurance/Quality Control Procedures:

All rock and soil samples were shipped MS Analytical’s sample preparation facility in Langley, B.C. Field duplicates were inserted at a ratio of approximately one in every 20 samples. Rock samples were prepared in Langley by crushing the entire sample to 70 per cent passing minus two millimetres, riffle splitting off one kilogram and pulverizing the split to better than 85 per cent passing 75 microns. Assays are determined by analytical code IMS-139, 2-acid digestion with ICP-AES/MS finish method, which reports results as parts per million (ppm). All analyses that reach the over-limit of IMS-139 are reanalyzed with an ore-grade method. The analytical results are verified with the application of industry-standard quality control and quality assurance procedures.

Qualified Person

Scott Dorion, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who supervised the work program at the Sunset Property and preparation of the technical data in this news release.

About Delrey

Delrey is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic battery metals sector. 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. 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”.

ON BEHALF OF THE BOARD

“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 STATEMENT REGARDING FORWARD-LOOKING INFORMATION: 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: that the Company’s financial condition and development plans do not change as a result of unforeseen events, that the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship with the local project communities. 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.

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.