Category Archives: Energy

MIRAMONT Issues Lying Press Release

Mar 29, 2019For those who have not yet read Basic Investing in Resource Stocks, you should consider it. I predict the big collapse to come soon, very soon followed by what I term “The Big Reset”. Martin Armstrong just put out a piece essentially saying the same thing titled, The Financial Panic of 2019?I realized when I wrote my book in January of this year that I was climbing way out on a limb and sawing it off behind me. I am going to look either very stupid or very bright and only time will tell.With the advent of the Internet, control of the narrative has changed. For all of history the elite controlled the narrative. They told the masses, the mob as it were, how to think and how to vote. The Internet has changed all that. You can still lie to the throng but since most of the world has what is effectively free communication, whatever lie the elite try to pass off will soon be countered by some blogger somewhere who never had a voice before the Internet.Only two days after the appointment of Robert Mueller as special counsel to investigate some imaginary collusion between the Trump campaign and Russia in May of 2017, FBI agent Peter Strzok texted his paramour Lisa Page and said, “There’s no big there, there.”Now we have an announcement from William Barr, Attorney General of the United States that specifically stated, “The Special Counsel’s investigation did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia in its efforts to influence the 2016 U.S. presidential election.” In other words, it took Mueller almost two years to figure out what a Trump hating FBI agent knew right from the gitgo.Those who listen to the mainstream media may not have known the facts but anyone with a device similar to or better than a $200 smart phone had access all along to what was essentially a coup D’état on the part of chunks of the United States government against the democratically elected president of the US.And in a masterpiece of obfuscation Director Barr and William Mueller sorta ignored the very real involvement by Russia in the 2016 election in the form of the Russian Dossier made up of whole cloth by the Democrats, the FBI, the DOJ and the CIA.The elite long since lost control of the narrative. If you actually look around you can find a video of Victoria Nuland bragging about how the US spent $5 Billion, that’s Billion with a capital B, interfering with the democratic process in Ukraine.Charging Russia with interference in the US election of 2016 after the US pissed away $5 billion interfering in Ukrainian elections is nothing short of remarkable but not quite as remarkable as Donald Trump demonstrating the total and absolute control that Benjamin Netanyahu has over the US political system by his suggestion that Israel be allowed to permanently take control of the Golan Heights.I’ve written before how Sheldon Adelson essentially bought Donald Trump for a $35 million contribution to his political campaign in the 2016 election.The Zionist stranglehold on the American political system is so complete that the very first bill considered by Congress in the latest session would forbid Americans to boycott Israel. All this information is on the web.The elite have lost control of the narrative and alternative points of view are available for anyone willing to do a little research.Bill Pincus, President of Miramont Resources told me they began drilling in Southern Peru on the 22nd of January. The company planned nine drill holes in three major targets. It would take 3-4 weeks to get assays back. Three holes would be released at a time, representing each of the three targets.There was a chance assays for the first three holes would be back and released by PDAC. I have kept in close contact with Bill Pincus and been told for two months that those assays for the first three holes were not back.He lied.Yesterday, March 28th Miramont announced the results from six holes, not three as I have been told all along. And if you look closely you will find no assay results from the first three holes. But those should have been back and released a month ago. How did the company go from announcing three holes at a time to announcing that six holes had been assayed but only giving numbers for holes four, five and six.Easy. The assays from holes one, two and three were total duds and almost certainly were back a month ago. Bill Pincus knew that and failed to not only release the poor holes, he didn’t mention a word to Quinton Hennigh or the Board until this last weekend. And you have to look very closely at the press release to realize that while it talks about six assays, it only shows bits and bats from three holes.Pre-Internet days it was common for management of junior mining companies to get poor results and to sit on them in the hopes that later drill results would bail them out. I highly suggest that anyone working with me not pull that trick because it takes the decision to buy or sell shares out of the hands of investors where it belongs and allows corrupt management to essentially lie to investors.Drilling tells you two things. It tells you where the mineralization is and where it is not. It is just as important to know where there isn’t any ore as it is to know where there is ore.Putting out piss poor results is part and parcel of exploration. But it allows investors to reconsider if they really want to own the shares. If Miramont shareholders knew a month ago that the first three holes were barren they had the choice of selling their shares or buying more or just sitting.Since it is their money, it should have been their decision. By hiding the results of the first three holes Bill Pincus cost investors both money and the right to determine what to do with their shares.In simple terms, it was lying. I devoted an entire chapter in my latest book talking about dealing with liars. I have lost the most money investing in companies where management wouldn’t tell the truth. I had a major investment in Miramont and like 100% of other Miramont shareholders; I lost 66% of the value of my shares yesterday.Lying to me is a really bad idea.I sold a lot of the shares of Miramont I had bought in PPs and in the open market yesterday. I want to see major changes in how Miramont announces drill results. A change in management would help.Do your own due diligence.Miramont ResourcesMONT-C $.16 (Mar 28, 2019)MRRMF-OTCBB 54.8 million sharesMiramont Resources website###Bob MoriartyPresident: 321goldArchives321gold Ltd

(Video) Cobalt 27 | Cobalt, the Electric Vehicle, and Ways to Profit from Both

Maurice Jackson of Proven and Probable sits down with Anthony Milewski the CEO and Director of Cobalt 27 Capital Corp. (TSX.V KBLT | OTCQX: CBLLF)which is a leading electric metals investment vehicle that offers direct exposure to metals integral to key technologies of the electric vehicle and battery energy storage markets.

The Company owns 2,905.7 Mt of physical cobalt and has acquired a cobalt stream on Vale’s world-class Voisey’s Bay mine‎ beginning in 2021. Cobalt 27 is also undertaking the friendly acquisition of Highlands Pacific to create a leading high-growth, diversified battery metals streaming company.




Cobalt, the Electric Vehicle, and Ways to Profit from Both 
Contributed Opinion

Source: Maurice Jackson for Streetwise Reports  (3/30/19)

Maurice Jackson

In this interview with Maurice Jackson of Proven and Probable, Anthony Milewski, chairman and CEO of Cobalt 27, discusses his streaming company’s prospects in the cobalt sector, as well as how the automobile and battery industries will affect the sector.


Maurice Jackson: Joining us for conversation is Anthony Milewski, chairman, CEO and director for Cobalt 27 Capital Corp. (KBLT:TSX.V; CBLLF:OTC; 27O:FSE), which is a leading electric metals investment vehicle that offers exposure to metals integral to key technologies of the electric vehicle and battery energy storage markets.

Glad to have you with us today to share the unique value preposition of Cobalt 27, which is a successful cobalt royalty and streaming company, in addition to providing shareholders a proxy to the metal. To really appreciate the context of today’s interview, Anthony, I believe it may be best that we provide a basic overview on the global demand for electric vehicles, in which cobalt is an essential metal.

Anthony Milewski: I think we have to take a step back and look at what I consider to be two of the most important industries on earth, which are now sitting at the precipice of one of the biggest disruptions they’ve seen potentially in the last hundred years—namely the energy industry and the automobile industry. Today, 60% of crude is actually used in automobiles and in the automobile industry. Not only are you talking about a shift away from ICE [internal combustion engines] to electric, but you’re also talking about structural changes in ownership, with a ride-hailing services, autonomous vehicles, and a bunch of changes. These changes are dramatic and impacting a whole host of companies across a lot of different parts of our societies globally.

At the heart of this change is the electric vehicle (EV). And the reason is that the electric vehicle has the sensors and the technology on it to put forward the platform for the next generation of changes inside of the automobile industry, namely autonomous driving and some of the other safety features being rolled out. To put in perspective that change, I believe we should remember where we’ve come from. And a few short years ago EV sales were effectively zero. I mean, literally, they were just this novelty item that you probably couldn’t even ride in if you wanted to.

When we IPO’d about two years ago, we talked about 7% penetration in 2025 and even then we got push back. Now analysts are predicting as high as 20% to 30% penetration in 2025. Canaccord’s numbers are even higher than that in 2030. You’re seeing a dramatic increase in the rates of adoptions the analysts are looking at.

To help get specific, 10% of car sales in November in California were electric vehicles, with similar numbers in Canada. That was driven, in part, by Tesla Model 3 deliveries. But the point is the acceleration of adoption has really happened in the last 18 months. And we’re seeing the automobile companies heavily push these vehicles, not only for the environmental aspects—namely cleaner air in large urban environments—but also because of the future of automobiles and the future of the automobile industry around autonomous driving and around automation.

Maurice Jackson: This all bodes well for cobalt demand. Sticking with demand, cobalt is an essential metal in the manufacturing of batteries. What has Cobalt 27 excited about the battery demand?

Anthony M.: Well, each one of these cars has a battery. The cobalt market is anywhere from 105,000 to 130,000 metric tons of metal equivalent. And half of that demand today is actually batteries. Your laptop computer, iPad, just about any device that you plug into the wall and recharge it with the cord and then walk away has cobalt than it. That demand already exists.

But the demand that has us excited is really the demands from the electric vehicle. If I told you the market for cobalt today is about 135,000 metric tons, then let’s assume, at 20% penetration, you’re going to need something like 250,000 to 300,000 metric tons of cobalt just for electric vehicles. What you see is that as adoption happens, the actual use of cobalt grows exponentially. We’re seeing that happen as we speak with the adoption rates in sales of these vehicles.

Maurice Jackson: In the U.S., investors are aware of Tesla’s gigafactory, but Tesla isn’t alone. How many mega factories are in construction?

Anthony M.: Well, that number is interesting, because it’s changing all the time. In 2017 I think that number was 17. A few months ago it was 70, and even a few more gigafactories have been announced in the last few weeks. So the number is over 70 now. And even as recently as this month Tesla announced the construction of a gigafactory in China.

But all of these automobile makers and battery makers have these factories slated to be built globally. One of the things about these battery producers is they aren’t particularly keen to be shipping them long distances. And so, unlike an automobile, which is highly consolidated in where it’s manufactured, what you’re seeing is a lot of different gigafactories being built globally around the world at a very quick pace. The pace is almost monthly.

Maurice Jackson: Let’s move on to supply, to see how these factories will meet production. There are some concerning challenges on the supply side of cobalt, which really makes the value proposition exciting for Cobalt 27. Where and how is supply currently being satisfied?

Anthony M.: It’s interesting. The geology of the world is such that over 70% of cobalt comes from Democratic Republic of the Congo (DRC). And by the way, it doesn’t come from the Congo. It comes from one little tiny area in the Congo. So one of the problems with cobalt is simply concentration risk. It comes from the Congo, where there are alleged human rights violations associated with mining it. And it’s tough.

That’s part of the story and the balance of the story is that it comes from nickel outside of the Congo. So in the Congo it’s copper, and in the rest of the world it comes from nickel—in Canada and Australia, in particular, but also places like Russia and Cuba. Those nickel projects—not all of them, but many of them—are nickel laterite projects with enormous capex overruns.

Now in the Congo it’s slightly different. One of the things that we’ve seen is the ability to have artisanal cobalt. The price of cobalt ran up to $44 and has now eased off, and it’s eased off in large part because of artisanal mining. Artisanal mining can mean different things to different people. It typically means that an individual is showing up and shoveling cobalt. That, in some cases, is actually legal in Congo. It’s not illegal, per se, although most of the time it is highly environmentally damaging. However, what the problem is in the Congo—or the allegations are—is that often child labor is used for that, in just not Congo.

You have concentration risk and then you have supply chain risk, and you really have a need now from the automakers and the consumers and the battery makers to secure the supply chain and really be able to communicate to the consumers of automobiles that when they buy that car, the cobalt was ethically sourced and produced.

Maurice Jackson: You referenced that 70% of cobalt comes from the DRC. From an off-take standpoint, how can manufacturers confidently rely on the DRC to meet their production needs?

Anthony M.: I think it’s a real challenge. Obviously, there are companies like Glencore International Plc (GLEN:LSE) that are perfectly capable counterparties for the battery makers and cathode makers. But it’s a wider issue—and it’s an issue that’s being addressed and is going to have to be addressed going forward—which is how do you secure clean cobalt? I don’t think you can, if you are actually sourcing artisanal cobalt.

But I think there are solutions that could be put in place to actually do that. I think today, if you are an end user, a consumer of cobalt, you really need to source that cobalt from outside of the Congo or from a mechanized minor. There was a great Wall Street Journal article about this last year. If you’re getting it from artisanal miners, I think it’s tainted. That artisanal supply’s aggregated at refineries and while one of the 25 sources may or may not be clean, if any of the sources are unclean, it’s all mixed and it taints all of it. I don’t think those challenges have been fully addressed, and I think if an automaker wants to actually be able to ensure that it can say its cobalt and its basic material pipeline are ethically sourced, they’re going to have to, for the time being, buy directly from mechanized minors or go outside the Congo going forward. They’re going to have to consider whether or not they’re prepared to invest directly into mining companies or create pretty different environments around the artisanal mining in the Congo.

Maurice Jackson: You alluded to it, but just for confirmation, does Cobalt 27 have any offtake and or holdings in the DRC?

Anthony M.: No, we absolutely do not invest in the Congo. We don’t buy cobalt out of the Congo. We don’t have streams or royalties in the Congo. From our perspective, we sit and we watch some of these large mining companies have problems in the Congo, and with multibillion-dollar market caps, and if they’re unable to successfully navigate that environment, I think it would be a challenge for us to think we could do that. So we’ve steered completely clear of it. I think that’s one of the offerings of Cobalt 27—conflict-free cobalt.

Maurice Jackson: From a sovereign standpoint, which countries have a strategic stockpile of cobalt?

Anthony M.: Historically speaking, the U.S. and China did, but the U.S. government sold down its stockpile over the last decade. Today China has the key sovereign stockpile—there are different numbers about how large that is. I think it’s a pretty material stockpile, but it’s not used for batteries. Cobalt is critical in the aerospace industry. And so the cobalt that the Chinese government has stockpiled is likely earmarked for jet engines and missiles and that type of thing, as opposed to batteries.

Maurice Jackson: Now, from a manufacturing standpoint, which automakers have a stockpile of cobalt?

Anthony M.: I’m not aware of any. I suspect there could be, but I don’t think publicly there are any.

Maurice Jackson: Now, cobalt is a byproduct, primarily of nickel and copper mining. So how does the spot price of nickel and copper affect cobalt?

Anthony M.: Well, over time nickel and cobalt have actually been fairly correlated. If you look, although that’s not been the case, certainly in 2019 as nickel was up 20-something percent and cobalt is down. But I think the key correlation is that over time, in order to get increased cobalt production, you’re going to need to see higher nickel prices and probably copper prices.

Maurice Jackson: What is the current spot price of cobalt, and how is that in relation to the historic prices?

Anthony M.: Today cobalt is in the mid-teens. There are different types of cobalt. There’s metal. Even within metal there’s a high grade and low grade, and there’s a hydroxide. And so there’s a bunch of different products. But I would say it’s in the mid teens. It’s actually—right now—cheap. On the inflation-adjusted 20-year average, cobalt price is closer to $22. So cobalt is actually looking like a pretty strong buy as a metal at the moment.

Maurice Jackson: For readers, we now see the value proposition we have before us in cobalt. Let’s discuss the value proposition we have in Cobalt 27 and how you may profit. Mr. Milewski, please introduce us to Cobalt 27.

Anthony M.: Cobalt 27 is really a proxy for the adoption of the electric vehicle. I don’t know who the ultimate winner’s going to be among automobiles—if it’s Tesla, Ford, or Beijing Auto. Maybe you should own a chipmaker—Nvidia. I don’t really know, but what I do know is if there is a winner, basic materials will be winners, and among those basic materials, we think cobalt would be particularly positioned to be a winner.

Cobalt 27 gives investors access to those price movements and the cobalt spot price in three primary ways. The first way is just we have 2,900-metric-ton stockpile of cobalt sitting in LME-bonded warehouses. The second is a basket of royalties on nickel-cobalt projects globally—large-scale projects that give the investor optionality. And then third, we have a stream on Voisey’s Bay in Canada, on its nickel-cobalt mine. We’re also in the process of completing a recent transaction on Highland Pacific to own a joint venture interest in the Ramu nickel mine.

We’re not miners, nor are we going to be. You’re not subject to capex in the same way that you are with a mining company. Instead, what we try to give investors is really the maximum torque to that adoption and price move in the coming months, days, years, as the adoption of electric vehicles rolls out.

Maurice Jackson:
 Now, were you able to procure your cobalt previously through streaming deals or how was that accomplished?

Anthony M.: Cobalt 27’s streams and royalties are all financially settled, whereas with the physical, that was actually stationary. It is stationary so that was a purchase. But the nature of a stream is that you typically sell the material into the market as it comes in and then you take that cash flow and you pay a dividend, you buy back more shares, or maybe you make another investment.

Maurice Jackson: Is the ultimate goal to set up offtake agreements with EV in battery manufacturers with your physical storage?

Anthony M.: Look, I think there are two different kind of avenues that are being pursued. I think the first is just to look like a traditional streaming and royalty company. Look like a Franco Nevada or Wheaton Metals or Sandstorm, which is a very well-trodden path in Canada. You can get a multiple, in some cases, of over two times NAV. Today we traded a fraction of that.

A second avenue, of course, is we’re building a supply chain for cobalt and to a lesser extent nickel, outside of the Congo, and through the cycle that’s going to be attractive to automobile makers, battery makers and other end users of these products. And so one could foresee the cycle, how we would get approached by individuals in different capacities to try to transact on what is clean material.

Maurice Jackson: Switching gears, Cobalt 27 has strategically position itself for the upside potential in the clean air revolution in EVs and batteries. But equally important are the people that are responsible for increasing shareholder value. Mr. Milewski, please introduce us to your board of directors.

Anthony M.: Cobalt 27’s lead director is Nick French. Nick spent his career, since the early ’80s, late ’70s, trading cobalt. One of the most knowledgeable traders probably alive on the cobalt industry. And so he’s on the board.

Frank Estergaard, a former KPMG partner, really adds a lot to the audit committee.

Candace MacGibbons is a mining executive. She’s highly involved in the mining industry and understands a lot of the different aspects and concerns and transactions.

Phil Williams, a banker—former banker who also runs a royalty company—is excellent in terms of just being able to look at transactions and financings and add to the conversation.

Justin Cochrane, who is also the president and COO, spent a decade as a banker and in the streaming and royalty business, and then later went on to actually be one of the earliest team members of Sandstorm, and was critical there and ran the business development. Mr. Cochrane has been in the streaming and royalty business for his entire career. So Cobalt 27 has a really a strong board.

Maurice Jackson: Tell us more about Anthony Milewski and what makes him qualified for the task at hand.

Anthony M.: I think, in a lot of ways, one of the most important things that I can do it to help create value is make sure that we have the right team in place and the right strategy so that all the team members able to execute on that strategy. And so I really see myself as someone who puts forward that strategy, and facilitates Justin and Martin and the team members executing on that growth strategy, and executing on our strategy to really be a critical part of the cobalt and nickel supply chain going forward.

Maurice Jackson: Who is on your management team?

Anthony M.: So the key members of the management team include myself, Justin Cochrane and Martin Vydra. Martin Vydra spent over 30 years at Sherritt, ran a bunch of different aspects of that business, and is incredibly knowledgeable on nickel, and nickel and cobalt. He sits on the LME cobalt committee, and he’s really industry veteran that adds a lot of insight for the business.

Maurice Jackson: Let’s get into some numbers. Please share your capital structure.

Anthony M.: We have around 85 million shares outstanding and no preferred shares. We’ve never had a financing with an attached warrant. We have some options outstanding to the management team. And then we have a revolver in place for $200 million USD, but we’ve not drawn to any of it. So it’s a pretty simple cap structure and that’s intentional. We try to keep it straight forward and simple.

Maurice Jackson: How much in cash and cash equivalents do you have?

Anthony M.: Approximately $50 million.

Maurice Jackson: How much debt do you have?

Anthony M.: We have zero debt.

Maurice Jackson: Who are your major shareholders and what is their level of commitment?

Anthony M.:
 Well, I couldn’t speak to the level of commitment except that our shareholders have all been extremely supportive over the last couple of years and financings. One of them is Paula Investments, [others are] CI Harbor, BlackRock, Fidelity, and Neuberger Berman on the register. We have a pretty wide range of institutional investors who have been very supportive over the last year and a half, two years since since the IPO.

Maurice Jackson:
 Are you a shareholder and if so, how many shares do you own and when was the last time you purchased?

Anthony M.:
 I own around 400,000 shares and I purchased shares as recently as January and February. So big believer in the company and also in buying shares myself when the share price is priced as it is today.

Maurice Jackson:
 Multilayered question—what is the next unanswered question for Cobalt 27? When can we expect a response and what determines success?

Anthony M.: I think the next big moment for us is closing the Highland Pacific transaction. That’s anticipated later this spring. I think that will be a catalyst, that closing it will show that we were able to transact. It’ll also bring in a substantial asset, a producing nickel-cobalt asset. So I think that’s definitely the next big catalyst. That’s a few months away. And that’s heavily driven by regulatory matters in terms of court dates and voting and that sort of stuff. I think once we’re through that, the next big moment we’ll be thinking about cash flow and dividends and that sort of thing. I would say in the immediate term, the big moment for us is getting through the Highland Pacific transaction.

Maurice Jackson: Mr. Milewski, last question. What did I forget to ask?

Anthony M.: I think you covered it. You did a great job covering it, so I really appreciate your time.

Maurice Jackson: Anthony, if investors want to get more information about Cobalt 27 please share the website address.

Anthony M.: It’s

Maurice Jackson: For direct inquiries, please call (647) 846-7765 or you may e-mail Cobalt 27 trades on the TSX.V: KBLT, and on the OTCQX CBLLF. Last but not least, please visit for Mining Insights and Bullion Sales. You may reach us at

Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.


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RIVERSIDE Stakes New Concession in Sonora and Samples High-Grade Gold


VANCOUVER, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (“Riverside” or the “Company”) (RRI.V) (RVSDF) (R99.F) is pleased to report initial results from the Company’s first-phase exploration program at the recently staked Sandy Project (the “Project”) located in northwestern Sonora, Mexico. Riverside continues to leverage its knowledge and experience in NW Mexico to cost-effectively acquire new prospective concessions with strong potential for new discoveries.

Riverside geologists have completed near surface sampling, mapping and geophysics to work up initial target areas at the Project. Riverside’s exploration team is targeting intrusion related and orogenic gold mineralization hosted by altered granite and linked with large structures adjacent to gneiss bedrock.

Riverside’s President and CEO, John-Mark Staude, stated: “The Sandy Project was a project the Company staked over a prospective area known to us from our past work in Sonora. We are pleased with the results from our first pass on the Sandy Project. Gold appears associated with large structures, intrusions and is an exciting potential step in the geologic deposit modeling for Sonora. We plan to follow up these positive results with some mapping and more sampling in 2019.”

The sampling done to date by Riverside has been concentrated on two areas in the center of the project with past historical mine workings (see Figure 1 below) associated with felsic intrusive stock and gneiss. A sample from one of these old workings returned 38.8 g/t Au. Chip channel samples of 1.5 meter in length returned gold results of 9.3 g/t, 4.7 g/t and 3.7 g/t Au. A total of 71 samples have been analyzed so far and further work at Sandy is anticipated to continue to define the structural nature and intrusion association to the gold.

Figure 1: Sandy Gold Target Areas and Geochemical Results.

Higher gold grades appear to be associated with intersecting structures within strongly foliated granitic intrusive bedrock. Primary structures strike NW-SE and dip between 40 and 70 degrees to the east in a general structural character with similar orientation and style to some of the shear zone gold mines in the region. Other smaller faults are noted striking roughly north-south and dipping steeply to the east which cut the main shear zone and could possibly hide extensive expansions of the gold system under shallow cover. The cross structures have been intruded by mafic dikes that show pervasive propylitic alteration indicating potential deeper intrusion related gold mineralization. The highest-grade gold material was found associated with a set of variously dipping felsic dikes which could be associated with the intrusive system. Silicification and minor quartz veining is noted associated with the structures and with through-going vein mineralization. The wall rock associated with these structures often shows sericitic and silica alteration.

Of note while visiting the property are the vast placer-gold workings immediately north of the project area. The source of the placer gold has not been determined and may be derived from intrusive bedrock within the Sandy project.

As can be seen in the district summary map (see Figure 1 above), the Riverside rock-chip samples confirm the existence of gold mineralization within the central part of the Company’s concession.

Click here to see the Sandy Project page on Riverside’s website.

Qualified Person & QA/QC:

The scientific and technical data contained in this news release pertaining to the Sandy Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

The rock chip samples collected by Riverside’s field crew at the Sandy Project were taken from 4 main showings on the western slopes of the property, with most individual samples consisting of composites of bedrock fragments hammer-chipped from 0.5 and 1.5-metre-long intervals across rock faces showing evidence of alteration and silicification. The highest-grade sample which assayed 38.8 g/t Au was a select grab sample of loose rock found within a small underground working which are believed to date back to the 1960’s. The one grab sample is not representative of the mineralization that was chip-sampled from actual outcrops, however, they do support Riverside’s view that the Sandy property has excellent potential for the discovery of intrusion-related gold and silver mineralization. All of Riverside’s rock samples were analyzed at the Hermosillo and Vancouver laboratories of Bureau Veritas where gold content was determined by fire assaying with atomic adsorption finish and ICP-mass spectrometry was used to analyze for 45 other elements. For quality control purposes, three standard samples were included with the batch of 71 field samples.

About Riverside Resources Inc.:

Riverside is an exploration company driven by value generation and discovery. The company has fewer than 65M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at


“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:
John-Mark Staude Raffi Elmajian
President, CEO Corporate Communications
Riverside Resources Inc. Riverside Resources Inc.
Phone: (778) 327-6671 Phone: (778) 327-6671
Fax: (778) 327-6675 TF: (877) RIV-RES1
Web: Web:

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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.

NEXGEN Announces Appointment of Brad Wall, the Former Premier of Saskatchewan, to its Board of Directors


VANCOUVER , March 21, 2019 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to announce the appointment of former Saskatchewan Premier Mr. Brad Wall to the Company’s Board of Directors. This appointment coincides with the retirement from the NexGen Board of Craig Parry , Chief Executive Officer of IsoEnergy and founding member of the Board of Directors at NexGen, who is moving onto the Technical Advisory Committee.

Leigh Curyer, Chief Executive Officer, commented: “On behalf of the Executive and Board of NexGen we are very pleased to welcome Mr. Brad Wall . Mr. Wall brings to NexGen extensive national energy policy, political and economic experience and has demonstrated a very strong commitment, results and advocacy in the best interests of Saskatchewan and Canada over his entire career. Mr Wall in his capacity as a director to NexGen is joining a team dedicated to developing a Canadian energy project that will deliver significant generational benefits to Saskatchewan and Canada and set new standards in responsible project development.

I would also like to take the opportunity to thank Craig Parry , one of our founding Directors, for his dedication and support during his tenure as a director. In his capacity as Chief Executive Officer of IsoEnergy, which recently made a significant uranium discovery, we look forward to Craig’s continued valuable contribution to the group as he primarily focuses his efforts on the exciting Hurricane Zone with NexGen being a significant long-term shareholder.”

Brad Wall

As the 14th Premier of Saskatchewan , Mr. Wall brings to NexGen’s Board political experience spanning over a 20 year period. During his tenure as Premier, Mr. Wall led the province to unprecedented economic expansion, strong population and export growth, record infrastructure investment and the first ever and continuing AAA credit for the Province’s finances.  Mr. Wall worked successfully with the previous federal government to achieve nuclear cooperation agreements between Canada and both India and China opening up those civilian nuclear energy markets to Canadian uranium.  He is an advocate for sustainable, inclusive economic development and provides strategic insight to the energy sector.

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a 100% interest in Rook I, location of the Arrow Deposit in the Athabasca Basin, Saskatchewan, Canada and a portfolio of prospective uranium exploration projects throughout northwest Saskatchewan . NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara , P.Eng. of Wood., David Robson , P.Eng., M.B.A., and Jason Cox , P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).

The Mineral Resource Estimate was completed by Mr. Mark Mathisen , C.P.G., Senior Geologist at RPA and Mr. David Ross , P.Geo., Director of Resource Estimation and Principal Geologist at RPA.  Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli , Geoscientist Licensee, Vice President – Operations & Project Development for NexGen.  Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.  All other technical information in this news release has been approved by Mr. James Hatley , a Professional Engineer, Senior Vice-President – Project Development for NexGen.  Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR ( and EDGAR ( and is available for review on NexGen Energy’s website (

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Technical Information

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara , P.Eng., Jason J. Cox , P.Eng., David M. Robson , P.Eng., M.B.A., Mark B. Mathisen , C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at and EDGAR ( providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (

Forward-Looking Information

The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

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

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 2, 2018 under “Risk Factors”.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

Nuclear shares soar after China plans to invest US$12 billion in new reactors for first time since 2016


Nuclear power related shares soared across the board on Tuesday in Hong Kong and China after Beijing announced plans to invest 81.2 billion yuan (US$12 billion) in four new reactors for the first time since 2016.

CGN Mining, a unit of state-owned China General Nuclear Power Group (CGN) that trades in uranium fuel, jumped 15 per cent to 38 Hong Kong cents in Hong Kong. CGN Power, a nuclear power station operator under CGN, also climbed 3.2 per cent to HK$2.27, extending a four-day winning streak.

Nuclear power equipment maker Lanzhou LS Heavy Equipment soared by the maximum-allowed 10 per cent to close at 6.33 yuan in Shanghai.

Shenzhen Woer Heat-Shrinkable Material, which manufactures materials for nuclear reactors, also surged 10 per cent on the Shenzhen Stock Exchange.

Industrial valve maker SUFA Technology Industry rose 7.1 per cent to 15.59 yuan in Shenzhen.

China Nuclear Industry Construction, a unit of China’s sole nuclear power engineering firm CNEC, jumped 5.6 per cent to 9.47 yuan in Shanghai. CGN Nuclear Technology Development, which mainly makes electron accelerators, gained 5.5 per cent to 9.65 yuan in Shenzhen.

The broad surge came after China’s Ministry of Ecology and Environment said in a statement carried on its website on Monday that China National Nuclear Power (CNNP) and CGN plan to build two reactors each starting in June.

CNNP’s reactors are planned in Zhangzhou city, Fujian province, while CGN will build the other two in Huizhou city, Guangdong province.

The companies will adopt China’s domestically developed nuclear reactor design, namely the Hualong One third-generation reactors. It has been developed by CNNP and CGN based on the ACPR1000 and ACP1000 designs, derived from the French technology.

CNNP officials have hailed it as China’s independent innovation.

If advanced on schedule, the launch will end a three-year hiatus in China’s nuclear reactor construction and boost the country’s nuclear export ambitions.

Beijing did not approve any new reactor from 2016 to 2018, partly due to the slow progress in the use of advanced and safer third-generation reactors, including Westinghouse’s AP1000 and Hualong One.

The ministry said that if it does not get any objections on the environmental impact of the projects by March 29, the two firms may go ahead and start construction as scheduled. The projects are subject to other regulatory clearance.

As of January, China had 46 nuclear reactors in operation with a capacity of more than 45 gigawatts, making it the world’s third largest in installed capacity, according to the government. Another 11 are under construction with a planned capacity of 12.2GW.

Last year, about 3.9 per cent of electricity generated in China came from nuclear power.

China’s nuclear power development strategy has set a goal of 58GW in total installed nuclear generation capacity by 2020.

More from South China Morning Post:

This article Nuclear shares soar after China plans to invest US$12 billion in new reactors for first time since 2016 first appeared on South China Morning Post

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COBALT 27 Provides Status Update on Acquisition of Highlands Pacific

TSX Venture: KBLT
FRA: 27O

TORONTOMarch 19, 2019 /PRNewswire/ — Cobalt 27 Capital Corp. (“Cobalt 27” or the “Company”) (KBLT.V) (CBLLF) (27O.F), a battery metals streaming and royalty company, is pleased to provide a status update on its previously announced acquisition of Highlands Pacific Limited (“Highlands”)(ASX: HIG; POMSoX: HIG), via a definitive scheme implementation agreement (the “Implementation Agreement”), whereby Cobalt 27 proposes to acquire all of the issued ordinary shares of Highlands that it does not own by means of a scheme of arrangement (the “Scheme”) under Part XVI of the PNG Companies Act in Papua New Guinea (see news release dated January 1, 2019).

  • On March 12, 2019, Highlands filed the Independent Expert’s Report concluding the Scheme is fair and reasonable, and therefore in the best interests of Highlands’ shareholders.
  • The National Court of Papua New Guinea ordered a meeting for Highlands’ shareholders to vote on the Scheme, which has been set for April 30, 2019.
  • Cobalt 27 is now Highlands’ single largest shareholder, having increased its equity interest from 13% to approximately 19.99% during the first quarter of 2019.
  • Highlands’ 45-day period to approach other parties for superior offers on its project interests ended February 16, 2019.
  • Upon close of the proposed Highlands acquisition, Cobalt 27 to gain an 8.56% interest in the producing Ramu nickel-cobalt mine, a large, long-life, low-cost, high-growth nickel-cobalt operation.

Independent Expert’s Report – In relation to the Scheme, the independent directors of Highlands engaged Deloitte Corporate Finance Pty Limited (“Deloitte Corporate Finance”) to prepare an Independent Expert’s Report, dated March 12, 2019, to opine on whether the Scheme is in the best interests of holders of Scheme Shares (being all shares in Highlands other than those held by or on behalf of Cobalt 27 or its subsidiaries).  Behre Dolbear Australia Pty Ltd. was retained by Deloitte Corporate Finance to prepare an Independent Technical Expert Review and Valuation of Highlands Pacific’s Mineral Assets, dated March 7, 2019 and which is incorporated by reference in the Independent Expert’s Report.

Deloitte Corporate Finance concluded that the Scheme is fair and reasonable, and is therefore in the best interests of holders of Scheme Shares, in the absence of a superior proposal.  Under the Implementation Agreement, Highlands had a 45-day period to consider all options and approach other parties for superior offers on its project interests or for Highlands in full. This period ended on February 16, 2019.

About Highlands Pacific
Highlands is a mining and exploration company listed on the Australian Stock Exchange and the Port Moresby Stock Exchange in PNG. Highlands’ primary assets include an 8.56% interest in the producing Ramu mine and a 20% interest in Frieda River Copper-Gold Project, both located in PNG. Highlands also holds the Star Mountains Copper Gold exploration project in PNG and has exploration tenements on Normanby Island (Sewa Bay).

About Cobalt 27 Capital Corp.
Cobalt 27 Capital Corp. is a leading battery metals streaming company offering exposure to metals integral to key technologies of the electric vehicle and energy storage markets.  The Company owns physical cobalt and a 32.6% Cobalt Stream on Vale’s world-class Voisey’s Bay mine,‎ beginning in 2021.  Cobalt 27 is undertaking a friendly acquisition of Highlands Pacific which is expected to add increased attributable nickel and cobalt production from the long-life, world-class Ramu Mine.  The Company also manages a portfolio of 11 royalties and intends to continue to invest in a cobalt and nickel focused portfolio of streams, royalties and direct interests in mineral properties containing battery metals.

Forward-Looking Information

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, without limitation: statements as to Cobalt 27’s management’s expectations with respect to the proposed combination of Cobalt 27 and Highlands, including the combined company’s financial position, cash flows and growth prospects; statements as to the anticipated benefits of the Scheme transaction; certain combined operational, financial and other information and projections; statements pertaining to the anticipated completion of the Scheme and the timing thereof; and the receipt of any court, regulatory and stock exchange approvals therefor; statements pertaining to the timing and amounts of cash consideration related to the acquisition of Highlands; statements pertaining to estimates of mineral resources and mineral reserves at Ramu; statements pertaining to future production and mining costs at Ramu; statements pertaining to future prices of cobalt, nickel and other commodities; and statements pertaining to the adoption of electric vehicles globally. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. For more details on these and other risk factors see the Company’s most recent Annual Information Form on file with Canadian securities regulatory authorities on SEDAR at under the heading “Risk Factors”. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements. Accordingly, undue reliance should not be placed on these forward-looking statements. This news release also contains references to estimates of mineral resources and mineral reserves. The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. Estimates of mineral reserves provide more certainty but still involve similar subjective judgments. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation (including estimated future production from the company’s projects, the anticipated tonnages and grades that will be mined and the estimated level of recovery that will be realized), which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that ultimately may prove to be inaccurate. Mineral resource or mineral reserve estimates may have to be re-estimated based on: (i) fluctuations in mineral prices; (ii) results of drilling; (iii) metallurgical testing and other studies; (iv) proposed mining operations, including dilution; (v) the evaluation of mine plans subsequent to the date of any estimates and/or changes in mine plans; (vi) the possible failure to receive required permits, approvals and licences; and (vii) changes in law or regulation.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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. No securities regulatory authority has either approved or disapproved of the contents of this news release.

For further information please visit the Company website at www.cobalt27.comor contact:

Betty Joy LeBlanc, BA, MBA
Director, Corporate Communications

RIVERSIDE RESOURCES Inc. Closes $2.8 Million Private Placement


VANCOUVER, British Columbia, March 19, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (“Riverside” or the “Company”) (RRI.V) is pleased to announce it has closed its previously announced private placement. The placement was over-subscribed and the Company issued 17,488,875 units at a price of $0.16 per unit for gross proceeds of $2,798,220 instead of the 9,375,000 units ($1,500,000) originally contemplated.

Each unit consists of one common share and one whole common share purchase warrant (“Unit”). Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.22 (“Warrant”). If, at any time after July 20, 2019, the closing price of the common shares on the TSX Venture Exchange (“TSX-V”) trades at a VWAP equal or greater than $0.45 for 10 consecutive trading days, the Company may accelerate the expiry date of the Warrants by disseminating a press release announcing the new expiry date whereupon the Warrants will expire on the 30th trading day after the date on which such press release is disseminated.

Management and insiders subscribed for 845,000 Units for $135,200 in total proceeds to the Company.

With respect to a portion of the funds raised in the private placement, the Company paid finders’ fees of $87,312 to Sprott Global Resource Investments Ltd., $20,076.80 and 12,000 Units to Haywood Securities Inc., 16,000 Units to Canaccord Genuity, and  $1,280 to PI Financial Corp.

All securities issued pursuant to the private placement and as finders’ fees will be subject to a four-month hold period expiring on July 20, 2019.

The Company will use the proceeds of the financing to fund a focused drill program at the Cecilia Gold Project, additional project acquisitions and further target refinement on existing projects to advance towards new partnerships.

The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons without United States federal and state registration or an applicable exemption from registration requirements.

About Riverside Resources Inc.:
Riverside is an exploration company driven by value generation and discovery. The company has fewer than 65M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at


“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
Phone:  (778) 327-6671
Fax:  (778) 327-6675
Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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.