TSX-V: TM | FRA: TZU2 | OTCQB: PNTZF

Trigon Metals

Building A Mid-Tier African Copper Producer

updates

Trigon Metals Secures Land Leases In Namibia For Open Pit Expansion

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TORONTO, ON – December 9, 2021 – Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) is pleased to announce that it has entered into a lease agreement with local Namibian company, Kombat Village Properties (Pty) Ltd (“KVP”), for the lease of land in and around the Kombat Mine area (“the Lease Transaction”). Trigon requires the use of land around the Kombat Mine for the continued development of its open pit mining operations, including the establishment of the mine’s tailings facility. Construction of the tailings facility began in September 2021, and work is on schedule to coincide with start-up of ore processing by the end of 2021.

The total to be paid by Trigon to KVP will be C$1,961,606 for a lease period of the duration of the mining licences held by Trigon. Payable in three (3) cash tranches as follows:

  • On commencement of the lease: C$250,000;
  • On January 17, 2022: C$830,803; and
  • On July 18, 2022: C$830,803.

KVP will further receive 200,000 stock options to acquire 200,000 shares in Trigon at an exercise price of $0.46. The options will vest immediately and will be exercisable for a period of three years from date of issue. The grant of the options is subject to the approval of the TSX Venture Exchange (“TSXV”).

In connection with the Lease Transaction, Trigon has agreed to transfer a 10% equity interest in Trigon’s wholly owned subsidiary, Gazania Investments Nine (Proprietary) Limited (“Gazania”), valued at C$50,000 to Texel Mining and Exploration (Proprietary) Limited (“Texel”). Gazania holds the Copper King Extension ground surrounding the Kombat Mine, 35km of mineralized strike length in the Otavi valley. The transfer of the equity interest of Gazania to Texel remains subject to the approval of the TSXV.

Knowledge Katti of Kombat Village Properties, commented, “The imminent onset of ore processing during December 2021 represents an important milestone in the revival of economic activity for Kombat and its inhabitants as well as an important contributor to reposition Namibia as a prime global mining destination. The current commitment of all stakeholders at all levels to make the project a success will ensure ongoing momentum and the ultimate successful implementation of the project.”

Jed Richardson, President and CEO of Trigon, commented, “Following our exploration success in and around the open pit, controlling the land we need to grow is an important step. We see the town of Kombat, Kombat Village Properties and Knowledge Katti as important stakeholders in our efforts and this agreement helps to align our interests going forward. Tangible progress is being made on a daily basis at site, and plant commissioning remains on track for later this month.”

About Kombat Mine

The Kombat Copper Project is the flagship project of Trigon Metals Inc., with the Company’s mining and prospecting licence areas covering an area of more than 7,500 ha in the Otavi Mountainlands in Namibia. The Kombat Project is comprised of three mining licences, which produced approximately 12.46 million tonnes of Copper between 1962 and 2008, at a grade of 2.62%. The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for Lead and Zinc. In addition, the Company also holds an interest in two exclusive prospecting licences, which represent a potential strike extension of Kombat.

About Texel Mining and Exploration

Texel is the holder of a 10% interest in Trigon Mining (Namibia) (Proprietary) Limited (recently transferred from Havana Investments (Proprietary) Limited. Texel will now hold 10% in the Gazania Investments Nine, the holder of the Copper King Extension exploration ground. Mr. Knowledge Katti, is the sole proprietor of Texel, Havana Investments and Kombat Village Properties.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat Mine. In Morocco, the Company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the lease of land around the Kombat Mine, the restart of the Kombat Mine, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat Project, and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

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

For further information, contact:

Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Trigon Metals Reports 8m of 6.56% Copper Extending Open Pit Mineralization, Namibia

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TORONTO, ON – November 11, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) is pleased to announce that recent drilling has unexpectedly intercepted high-grade mineralization that has the potential to increase both the resource tonnes and deposit grade.

Geotechnical drill testing of the rock conditions around the planned open pits was completed to confirm rock stability for mine design purposes. Core from these holes, outside of the currently designed pit shells, the core in the holes showed visible mineralization and were sent to be assayed.

Four of the geotechnical holes contained significant amounts of copper, representing the potential for an increase of tonnage, of grade and of the life of the open mine.

Highlights of the drill results are as follows:

  • Hole (GTBH010): 8m intersection of 6.56% Cu which includes 5m of 9.15% Cu @ (66-74m).
  • Hole (GTBH010): 3m intersection of 1.36% Cu @(89-92m).
  • Hole (GTBH004): 2m intersections of 1.2% Cu @(57-59m) and 1.4 % Cu @(75-77m).
  • Hole (GTBH013): 4m intersection of 1.72% Cu which includes 2m of 3.3% Cu @(57-61m).
  • Hole (BH21-09): 2m intersection of 1.27% Cu @(52-54m).

 

The holes were completed in September and confirmed the ground stability conditions, this data has been used in the design of our planned open pits. Assays for the holes with visible mineralization have just been received.

Commenting, Jed Richardson, President and CEO of Trigon, said, “These results illustrate the additional potential of the Kombat Mine and represent only a fraction of the 30 kilometres of strike length within the Company’s property.

About Kombat Mine

The Kombat Copper Project is the flagship project of Trigon Metals Inc., with the Company’s mining and prospecting licence areas covering an area of more than 7,500 ha in the Otavi Mountainlands in Namibia. The Kombat Project is comprised of three mining licences, which produced approximately 12.46 million tonnes of Copper between 1962 and 2008, at a grade of 2.62%. The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for Lead and Zinc. In addition, the Company also holds an interest in two exclusive prospecting licences, which represent a potential strike extension of Kombat.

Qualified Person

The technical information presented in this press release has been reviewed and approved for disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, a Qualified Person as defined by NI 43-101.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat mine. In Morocco, the Company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the restart of the Kombat Mine, the results of the current drilling program, the mineralisation of the project, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat Project, and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

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

For further information, contact:
Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Trigon Reports 13 Metre Trench Grading 2.7% Copper And 34.5 G/T Silver At Silver Hill In Morocco

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TORONTO, February 24, 2021 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) announced today trench assay results from the Company’s exploration program campaign at the Company’s 100% owned Silver Hill Project (“Silver Hill” or the “Project”) in Morocco.

A trench has been completed on fresh rock below the saprolite. Continuous samples were collected horizontally along the wall of the trench returning 13 metres of 2.7% copper, 34.5 g/t silver and 82 ppm cobalt. The trench exposed an area of intense sub-vertical hydrothermal alteration, giving geologists a unique look at the nature of the mineralization. The trench is located 1.5km away from the S1 discovery hole, in an area first identified by surface grab sample, J10 reported 6.8% copper and 116 g/t silver (see press release October 5, 2020). The zone was tested successfully with drill hole S9, 31 metres of 0.7% copper from 37 to 68 metres depth down the hole. Given the much higher grades in the trench, it now appears the original hole may not have penetrated the heart of the structure.

Continuous Samples from Trench

Sample # From (m) To (m) Ag (g/t) Cu (%) Co (ppm)
E1                –               0.5 4 2.2 80
E2               0.5               1.0 4 0.66 16
E3               1.0               1.5 4 1.88 16
E4               1.5               2.0 4 1.19 28
E5               2.0               2.5 28 1.95 116
E6               2.5               3.0 68 3.74 48
E7               3.0               3.5 64 2.92 36
E8               3.5               4.0 88 3.82 64
E9               4.0               4.5 108 3.94 104
E10               4.5               5.0 52 3.55 60
E11               5.0               5.5 52 3.43 76
E12               5.5               6.0 32 3.59 248
E13               6.0               6.5 32 4.11 380
E14               6.5               7.0 32 3.88 236
E15               7.0               7.5 28 3.43 252
E16               7.5               8.0 28 3.56 72
E17               8.0               8.5 104 3.93 84
E18               8.5               9.0 24 3.54 32
E19               9.0               9.5 40 2.76 24
E20               9.5             10.0 36 2.46 40
E21             10.0             10.5 20 1.73 16
E22             10.5             11.0 8 1.09 8
E23             11.0             11.5 8 1.98 12
E24             11.5             12.0 16 2.64 32
E25             12.0             12.5 8 1.26 32
E26             12.5             13.0 4 1.06 12

The trench exposed some old mining works where the richest silver mineralization appears to have been previously mined out. Given the limitations of ancient mining techniques, it is our view that the core of the structure at depth has not yet been investigated. Samples E14 and E15 are taken from the opposing wall of the trench avoiding the muddy fill from the mined-out area. Evidence around the site continues to point to silver being the focus of the ancient miners, suggesting the mined-out material may have been a high grade silver vein. Company geologists plan to target deeper in the structure where the vein may remain untouched, out of reach of ancient mining technology.

The trench was 30m in total length ramping down to the target area and samples were taken some 5 metres below the surface level. It was all free digging material, completed with a diesel hydraulic shovel, at a width of 3.8 metres. A rock breaker was used for the final 1.5 metres.

Diagram of Eastern Sector Trench at Hole S9

Jed Richardson, President and CEO of Trigon Metals, said, “This trench, at the site of the S9 Drill hole, has given us our best view of the nature of the mineralization and provides insight for our next steps. We will step out and test the structure at depth to explore whether this structure is a continuation of what we see in the area of the discovery hole S1 over 2km of strike length, or if this is a separate but related structure. This early result supports our excitement about the project and about the prospectivity of Morocco, along with Namibia, our other preferred jurisdiction for developing significant new copper projects.”

View of trench at end of first tier

Qualified Person

The technical information presented in this press release has been reviewed and approved for disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, who is a Qualified Person as defined by NI 43-101.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. The Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat mine. The Company also recently finalized the acquisition of the Silver Hill project, a highly prospective copper and silver exploration project in Morocco.

 

Cautionary Notes  

This news release may contain forward-looking statements. These statements include statements regarding the Company’s planned exploration program, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Silver Hill Project, the prospectivity of the Silver Hill Project, the mineralization of the Silver Hill Project, and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

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

 For further information, contact:

Jed Richardson
+1 416 566 8134
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Trigon Metals Announces Private Placement Financing

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TORONTO, Aug. 28, 2019 – Trigon Metals Inc. (TM.V) (“Trigon” or the “Company”) intends to complete a non-brokered private placement financing of up to 15,000,000 units (the “Units”) at a price of $0.10 per Unit for gross proceeds of up to $1,500,000 (the “Offering”).  Each Unit will be comprised of one common share of Trigon (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant will entitle the holder thereof to acquire one Share at a price of $0.15 for a period of 24 months following the closing date of the Offering, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.25 or higher on the TSX Venture Exchange for a period of 30 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

Closing of the Offering is expected to occur on or about September 13, 2019 and remains subject to a number of conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. In connection with the Offering, a finder’s fee may be payable in line with the policies of the TSX Venture Exchange.  All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one-day.

The Company intends to use the net proceeds from the Offering for initial project mobilization at the Kombat Mine, review of potential strategic acquisition opportunities and for working capital and general corporate purposes.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place with significant upside. The Company continues to hold an 80% interest in five mining licences in the Otavi Mountain lands, an area of Namibia particularly known for its high-grade copper deposits. Within these licences are three past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:

Jed Richardson
+1 416 861 5893
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Cautionary Notes

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

This news release may contain forward-looking statements. These statements include statements regarding the Offering, the expected use of proceeds of the Offering and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

TRIGON CLOSES PRIVATE PLACEMENT FINANCING AND ANNOUNCES STRATEGIC INVESTMENT AND VARIOUS CORPORATE UPDATES

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Toronto, Canada – March 28, 2019 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) has closed its previously announced non-brokered private placement financing (the “Offering”). The Company issued 15,200,414 common shares (the “Shares”) at a price of $0.10 per Share for gross proceeds of $1,520,041.

The Company intends to use the net proceeds from the Offering to advance its project finance transaction with Shandong Xinhai Mining Technology & Equipment Inc. and other interested parties, property maintenance and security for the Kombat Project, and for general corporate purposes.

Closing of the Offering remains subject to the final approval of the TSX Venture Exchange. The Shares issued pursuant to the Offering will be subject to a four month and one day statutory hold period expiring on July 29, 2019. The Company did not pay any finder’s fees in connection with the Offering.

Certain directors and officers of the Company have subscribed for Shares pursuant to the Offering (the “Insider Participation”). The Insider Participation will be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Cost Cutting Initiatives

Management of Trigon is currently focused on ensuring the majority of the capital is used to advance the development of the Kombat Project. Monthly corporate overhead expenses have been reduced by approximately $60,000, in ways that should not impact our ability to advance the project on the ground.

Closing of the Offering introduces Silvercorp Metals Inc. (“Silvercorp”) as a strategic investor into Trigon.

Jed Richardson, President of Trigon, commented: “We are pleased to welcome Silvercorp on board as a new strategic partner to Trigon, a strong financial and technical partner that shares my commitment to seeing this mine back in production, with strong returns for our shareholders and the community where we work. We are also pleased with the progress made on our cost cutting initiatives and reiterate our focus on bringing the Kombat mine back into production.”

Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China. Silvercorp, which is publicly traded on the Toronto Stock Exchange (TSX: SVM) and on NYSE American (NYSE: SVM), is China’s premier silver producer, as well as a producer of lead, zinc and gold. Silvercorp’s vision is to deliver shareholder value by focusing on the acquisition of under developed projects with resource potential and the ability to grow organically.

Board and Management Appointments

The Company also announces the resignation of Mr. Mark Eaton from the board of directors of the Company to make way for the appointment of Mr. Gordon Neal to the board, Silvercorp’s appointee to the Company’s board of directors.

Mr. Neal is currently the President of New Pacific Metals Corp. He was previously Vice President of Corporate Development for Silvercorp, and prior to that, Vice President of Corporate Development for MAG Silver Corp. Mr. Neal has more than 30 years’ experience in governance, corporate finance and capital markets. He has served on the boards of Falco Resources, Balmoral Resources, Americas Petrogas, Rockgate Capital, and Xiana Mining. Mr. Neal graduated from Dalhousie University with a B.Sc. in Biochemistry. He has also served as a member of the Dalhousie University Senate and Board of Governors.

Trigon’s board of directors would like to thank Mr. Eaton for his contributions to Trigon and welcomes Mr. Neal to the Company.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:
Jed Richardson
+1 416 861 5893
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding the Offering, the expected use of proceeds of the Offering, the impact of board appointments, cost cutting initiatives, the Company’s future plans and objectives, the Company’s ability to restart the Kombat mine, and the Company’s strategies and abilities to execute such strategies. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S news wire services or dissemination in the United States

Trigon Metals Announces Private Placement and Appointment of Jed Richardson as CEO

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TORONTO, March 18, 2019 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) intends to complete a non-brokered private placement financing of up to 17,500,000 common shares (the “Shares”) at a price of $0.10 per Share for gross proceeds of up to $1,750,000 (the “Offering”).

Closing of the Offering is expected to occur on or about March 29, 2019 and remains subject to customary closing conditions, including the approval of the TSX Venture Exchange.   The Shares issued pursuant to the Offering will be subject to a hold period of four months and one day.

The Company intends to use the net proceeds from the Offering to advance its project finance transaction with Shandong Xinhai Mining Technology & Equipment Inc. and other interested parties, property maintenance and security for the Kombat project, and for general corporate purposes.

The Company also announces the appointment of Jed Richardson as Chief Executive Officer of the Company, effective immediately. Mr. Richardson currently serves as Trigon’s President, the announcement consolidates the roles and is one of a number of streamlining moves as Trigon prepares to advance the Kombat project. Mr. Richardson’s appointment follows the resignation of Stephan Theron as Chief Executive Officer.  Mr. Theron will continue as a director of the Company.

Commenting, President and CEO, Jed Richardson, “Thank you to Mr. Theron for his efforts for Trigon at Kombat. Mr. Theron will continue to work on behalf of the Company from the board of directors. My focus now is to develop both our short and longer-term capital raising strategies, initially to accelerate the commencement of open pit mining at Kombat.  Thereafter, we need to ensure sustainability of the business, as we access the previously operational underground mines which represent the life of mine at Kombat and the overwhelming value for our shareholders.”

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:

Jed Richardson
+1 416 861 5893
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Offering, the expected use of proceeds of the Offering, the impact of changes to Trigon’s management team, the Company’s ability to partner with third parties and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

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