VANCOUVER, BC / ACCESSWIRE / September 24, 2021 / Commerce Resources Corp. (the "Company") (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) announces that it has applied to the TSX Venture Exchange (the "Exchange") for an amendment to the terms of the 9,674,153 warrants (the "Warrants") issued in connection with the Company's private placement which held its first closing on October 11, 2019 and second closing on October 31, 2019. The Company proposes to extend the expiry date of the Warrants from October 11, 2021 to October 11, 2024 in respect of the first closing and October 31, 2021 to October 31, 2024 in respect of the second closing. In addition, the Company has applied for an amendment of the Warrants' exercise price from $0.50 to $0.285. All other terms of the Warrants will remain the same. The extension of the expiry date and repricing is subject to the approval of the Exchange.

About Commerce Resources Corp.

Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed REC and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

"Chris Grove"

Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com

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

SOURCE: Commerce Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/665534/Commerce-Resources-Corp-Announces-Warrant-Extension-and-Repricing

VANCOUVER, BC / ACCESSWIRE / September 23, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRA:PH01) (the "Company" or "Great Atlantic") is pleased to announce it has begun the 2021 exploration program at its 100% owned 2,950 Hectare, South Quarry Tungsten Property, located in east-central Newfoundland. The program will consist of prospecting and rock – soil geochemical sampling, exploring for tungsten and gold mineralization.

The Property hosts high grade tungsten mineralization from two quarries exceeding 1% WO3. The Property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Recent significant gold discoveries are reported within the Exploits Subzone.

The 2021 program is focusing on the central – northern regions of the South Quarry Property, exploring for new zones of tungsten mineralization in high priority target areas identified by the Company during previous exploration programs. These include areas of anomalous tungsten in bedrock and / or in soil. One area of current focus is within the northeast region of the property where 2015 soil samples returned highly anomalous tungsten values of 234 and 402 ppm. Tungsten bearing pegmatite veins occur in the northern region of the property. Great Atlantic confirmed high-grade tungsten mineralization (scheelite) in veins in this area during 2015 (News Release of November 19, 2015). Eleven quarry rubble grab samples exceeded 5% WO3 (W % x 1.26 equals WO3%). A grab sample from a 25-centimeter wide vein returned 11.94% WO3.

Tungsten bearing pegmatite veins at South Quarry

The 2021 program will also evaluate certain areas for gold mineralization. The Property is underexplored with respect to gold. It is located within the eastern region of the Exploits Subzone. The Exploits Subzone hosts recently discovered gold discoveries, including those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization at the South Quarry Property.

Christopher R. Anderson, President, CEO. and Director, stated "Mr. Martin and Myself were an integral part of the initial Management team that advanced the Sisson Tungsten-Molybdenum Project in New Brunswick, an advanced stage project currently operated by Northcliff Resources Ltd. We understand the tungsten market and feel that the South Quarry Tungsten Property, although early stage, has the ear marks of being a significant asset for the company. We would be happy to welcome a Joint Venture partner to assist in advancing the South Quarry Tungsten Project."

A qualified person verified the 2015 sample data stated in this news release and supervised the 2015 sampling. The 2015 samples (and lab-inserted blank, duplicate and standard samples) were analyzed at ALS Canada Ltd. (ALS Canada is independent of Great Atlantic Resources). Tungsten analysis was by lithium metaborate fusion followed by acid dissolution and ICP-MS analysis with some samples re-analyzed by XRF.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors
"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"

President CEO Director
604-488-3900 – Dir

Investor Relations:
Andrew Job
1-416-628-1560

About Great Atlantic Resources Corp.:
Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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.

Great Atlantic Resource Corp
888 Dunsmuir Street
Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resource Corp

View source version on accesswire.com:
https://www.accesswire.com/665228/Great-Atlantic-Begins-Exploration-Program-Expanding-Its-Tungsten-Focus-To-Include-Gold-100-Owned-South-Quarry-Tungsten-Property-Located-in-the-Exploits-Subzone-Newfoundland

Figure 1

Abitibi Geology-Midland Gold Projects

Figure 2

Lewis Project Location

Figure 3

Lewis Geology and New 2020-21 Discovery

Figure 4

Lewis MAG TD and New 2020-21 Discovery

Figure 5

IP Ore-Vision Survey

Figure 6

IP Chargeability Map and Targets

Figure 7

Golden Nest New Showing

Figure 8

Golden Nest Sample A0358475

Figure 9

Golden Nest Sample A0361223

MONTREAL, Sept. 23, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to report the start of a stripping program on its new Golden Nest gold showing discovered in the summer of 2021 on its Lewis project, wholly owned by Midland and located approximately 60 kilometres southwest of the town of Chapais in the Abitibi region of Quebec.

This new project, acquired in April 2020, consists of 172 claims (95 km²) and covers a strategic position characterized by a regional flexure proximal to the Guercheville-Opawica deformation zone. The Lewis project is located approximately 60 kilometres northwest of the Nelligan deposit jointly held by Iamgold Corporation (75%) and Vanstar Mining Resources (25%).

Grab samples from the new Golden Nest showing yielded two gold grades of 10.2 g/t Au and 2.1 g/t Au. These values are located approximately 1.1 kilometres east of the Red Giant showing discovered by prospecting in 2020, where channel samples yielded values up to 0.35 g/t Au over 9.0 metres.

The Golden Nest gold showing is directly associated with an induced polarization (IP) anomaly that coincides with a sharp increase in resistivity and corresponds to a small outcrop of approximately 10 square metres exhibiting 2 to 10% pyrite mineralization. The IP anomaly associated with this gold-bearing zone may be traced over a distance of at least 400 metres to the west. The gold-bearing zone is entirely new, readily accessible by road and has never been drill-tested.

The recently launched stripping program is mainly designed to define the extent and investigate the extensions of the mineralized zone on the Golden Nest showing, and to improve our understanding of the structural controls and associated alteration patterns. During the program, the best unexplained IP anomalies located along the extensions of the showing will also be tested. Assay results from the stripping program are expected later this fall.

The Lewis gold property is located approximately 60 kilometres northwest of the Nelligan deposit, which hosts inferred resources estimated at 96.99 million tonnes grading 1.02 g/t Au for 3.19 million ounces of gold (Source: Nelligan NI 43-101 Technical Report and Initial Mineral Resource Estimate for the Nelligan Project, Quebec dated October 22, 2019, Filed on SEDAR on December 4^th 2019, prepared by Alain Carrier, Vincent Nadeau-Benoit and Stéphane Faure of InnovExplo Inc. for Iamgold Corp. and Vanstar Mining Resources). In addition, approximately 10 kilometres west of the Lewis property lies the former Lac Shortt mine, which historically produced 2.7 million tonnes at a grade of 4.6 g/t Au (Source: MERN-SIGEOM).

Cautionary statements:

Grab samples are selective by nature and reported values are not necessarily indicative of mineralized zones.

The true thickness of mineralized zones intersected in channel samples cannot be determined with the information currently available.

Mineralization occurring at the Nelligan and Lac Shortt gold deposits is not necessarily indicative of mineralization that may be found on the Lewis property held by Midland.

Quality control

Exploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. Samples from the Lewis project were analyzed by atomic absorption (AA-23) at ALS Minerals laboratories in Val-d’Or, Quebec. All samples are also analyzed for multi-elements, using four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Corporation portfolio and generate shareholder value.

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: https://www.midlandexploration.com/

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 press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a06fdd08-5429-438b-909e-7ea86a1878af
https://www.globenewswire.com/NewsRoom/AttachmentNg/469fb102-75c3-4bfd-a1a4-0e8c03e19a90
https://www.globenewswire.com/NewsRoom/AttachmentNg/f1176eed-3f16-4be1-a560-7be1f67d00d3
https://www.globenewswire.com/NewsRoom/AttachmentNg/9dc32ac9-638b-4182-bdea-14373d086fd7
https://www.globenewswire.com/NewsRoom/AttachmentNg/6fc2b86b-2b90-4d7b-a0c1-938cf6ad5991
https://www.globenewswire.com/NewsRoom/AttachmentNg/da6e788b-c91a-4962-9592-823e6174a449
https://www.globenewswire.com/NewsRoom/AttachmentNg/368921fa-53ff-4ef7-a278-095a32a31060
https://www.globenewswire.com/NewsRoom/AttachmentNg/9965857f-cd77-4503-8eba-1907e82b6a30
https://www.globenewswire.com/NewsRoom/AttachmentNg/74990b65-dd83-420e-9df7-f4eb128e8b62

Figure 1

Abitibi Geology-Midland Gold Projects

Figure 2

Lewis Project Location

Figure 3

Lewis Geology and New 2020-21 Discovery

Figure 4

Lewis MAG TD and New 2020-21 Discovery

Figure 5

IP Ore-Vision Survey

Figure 6

IP Chargeability Map and Targets

Figure 7

Golden Nest New Showing

Figure 8

Golden Nest Sample A0358475

Figure 9

Golden Nest Sample A0361223

MONTREAL, Sept. 23, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to report the start of a stripping program on its new Golden Nest gold showing discovered in the summer of 2021 on its Lewis project, wholly owned by Midland and located approximately 60 kilometres southwest of the town of Chapais in the Abitibi region of Quebec.

This new project, acquired in April 2020, consists of 172 claims (95 km²) and covers a strategic position characterized by a regional flexure proximal to the Guercheville-Opawica deformation zone. The Lewis project is located approximately 60 kilometres northwest of the Nelligan deposit jointly held by Iamgold Corporation (75%) and Vanstar Mining Resources (25%).

Grab samples from the new Golden Nest showing yielded two gold grades of 10.2 g/t Au and 2.1 g/t Au. These values are located approximately 1.1 kilometres east of the Red Giant showing discovered by prospecting in 2020, where channel samples yielded values up to 0.35 g/t Au over 9.0 metres.

The Golden Nest gold showing is directly associated with an induced polarization (IP) anomaly that coincides with a sharp increase in resistivity and corresponds to a small outcrop of approximately 10 square metres exhibiting 2 to 10% pyrite mineralization. The IP anomaly associated with this gold-bearing zone may be traced over a distance of at least 400 metres to the west. The gold-bearing zone is entirely new, readily accessible by road and has never been drill-tested.

The recently launched stripping program is mainly designed to define the extent and investigate the extensions of the mineralized zone on the Golden Nest showing, and to improve our understanding of the structural controls and associated alteration patterns. During the program, the best unexplained IP anomalies located along the extensions of the showing will also be tested. Assay results from the stripping program are expected later this fall.

The Lewis gold property is located approximately 60 kilometres northwest of the Nelligan deposit, which hosts inferred resources estimated at 96.99 million tonnes grading 1.02 g/t Au for 3.19 million ounces of gold (Source: Nelligan NI 43-101 Technical Report and Initial Mineral Resource Estimate for the Nelligan Project, Quebec dated October 22, 2019, Filed on SEDAR on December 4^th 2019, prepared by Alain Carrier, Vincent Nadeau-Benoit and Stéphane Faure of InnovExplo Inc. for Iamgold Corp. and Vanstar Mining Resources). In addition, approximately 10 kilometres west of the Lewis property lies the former Lac Shortt mine, which historically produced 2.7 million tonnes at a grade of 4.6 g/t Au (Source: MERN-SIGEOM).

Cautionary statements:

Grab samples are selective by nature and reported values are not necessarily indicative of mineralized zones.

The true thickness of mineralized zones intersected in channel samples cannot be determined with the information currently available.

Mineralization occurring at the Nelligan and Lac Shortt gold deposits is not necessarily indicative of mineralization that may be found on the Lewis property held by Midland.

Quality control

Exploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. Samples from the Lewis project were analyzed by atomic absorption (AA-23) at ALS Minerals laboratories in Val-d’Or, Quebec. All samples are also analyzed for multi-elements, using four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Corporation portfolio and generate shareholder value.

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: https://www.midlandexploration.com/

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 press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a06fdd08-5429-438b-909e-7ea86a1878af
https://www.globenewswire.com/NewsRoom/AttachmentNg/469fb102-75c3-4bfd-a1a4-0e8c03e19a90
https://www.globenewswire.com/NewsRoom/AttachmentNg/f1176eed-3f16-4be1-a560-7be1f67d00d3
https://www.globenewswire.com/NewsRoom/AttachmentNg/9dc32ac9-638b-4182-bdea-14373d086fd7
https://www.globenewswire.com/NewsRoom/AttachmentNg/6fc2b86b-2b90-4d7b-a0c1-938cf6ad5991
https://www.globenewswire.com/NewsRoom/AttachmentNg/da6e788b-c91a-4962-9592-823e6174a449
https://www.globenewswire.com/NewsRoom/AttachmentNg/368921fa-53ff-4ef7-a278-095a32a31060
https://www.globenewswire.com/NewsRoom/AttachmentNg/9965857f-cd77-4503-8eba-1907e82b6a30
https://www.globenewswire.com/NewsRoom/AttachmentNg/74990b65-dd83-420e-9df7-f4eb128e8b62

BEDFORD, NS / ACCESSWIRE / September 23, 2021 / Ginoogaming First Nation ("Ginoogaming" or "First Nation") and Silver Spruce Resources Inc. ("Silver Spruce") (TSXV:SSE)(FRA:S6Q1) are pleased to announce entering into an exploration agreement by which Ginoogaming in exercising its inherent jurisdiction has issued its permit and approval to Silver Spruce to undertake mineral exploration in part of Ginoogaming's territory known as Melchett Lake, in northwestern Ontario.

"We are happy to see things progress the way they should be done," says Chief Sheri Taylor. "The company sought our community's consent and is prepared to meet the conditions required to obtain that consent, so we the government of the First Nation community issued our permit containing those conditions."

"The Ontario Crown government, through ENDM, routinely does its "consultation" on exploration through a form letter and formula timeframes with little else. This is not near enough. So First Nations are compelled to turn to the company. If the company is respectful of our right to free, prior and informed consent, then this gets us a positive result, as is the case in our current collaboration with Silver Spruce," says Ginoogaming lands staff person Peter Rasevych.

"The agreement with Silver Spruce contains measures to accommodate and address Ginoogaming's concerns about our cultural and heritage values in the area including through a study and a First Nation monitor to identify and protect such values prior to intrusive exploration activities. It provides for high standards and First Nation input on land use, environmental management and plans of the company. This is all to prevent and minimize impacts. And for those impacts that remain, it provides offsetting benefits like priority access to training, employment, contracting, and compensation and coverage for process costs. If the company wants to move toward a mine, then the exploration agreement provides for the need for a mine impact benefit agreement first," says Ginoogaming's lawyer Kate Kempton from OKT Law.

"We are very pleased to be in this mutually respectful and consent-based relationship with Ginoogaming and look forward to working with them over the years to come," stated Greg Davison, Silver Spruce VP Exploration and Director. "With Silver Spruce fully engaged in this collaboration, it will ensure smooth operations as we advance our mineral exploration programs in and around Melchett Lake."

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit, respectively. The Company is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce recently signed a Definitive Agreement to acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located 15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., central Newfoundland. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

For more information on the situation, please contact:

Ginoogaming First Nation
Chief Sheri Taylor
807-876-2242
sheri.taylor@ginoogamingfn.ca

Silver Spruce Resources Inc.

Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO and Director
(902) 402-0388
mkinley@silverspruceresources.com

info@silverspruceresources.com
www.silverspruceresources.com

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.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/665284/Ginoogaming-First-Nation-Signs-Exploration-Agreement-with-Silver-Spruce-Resources-Inc

Hardware prototypes of the solution are expected by 2022

TEL AVIV, Israel, September 23, 2021–(BUSINESS WIRE)–REE Automotive LTD (NASDAQ: "REE"), a leader in e-mobility, today announced that REE, together with its partner Hino Motors, are the top winners in the European Product Design Award in the "Design for Society" category. Amos Boaz, lead designer for REE, and Yamaguchi Seiichi, lead designer for HINO, will share the award.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005300/en/

(Photo: Business Wire)

The next-generation commercial mobility solution to be jointly developed by Hino, Toyota’s truck arm, and REE will be comprised of a modular EV platform ‘Powered by REE’ that will carry a customized Mobility Service Module on top that can carry passengers, goods, and deliver services – all enhanced with data. The Mobility Service Module can be easily detached from the EV platform and once detached can serve as an independent, stand-alone unit, making services and goods easily accessible to society. This will not only be applied toward Mobility-as-a-Service (MaaS) and delivery segments but this modular design could also offer solutions for completely new applications.

Hino and REE next-generation electric commercial mobility solutions will be geared to improve quality of life on a global scale by lowering carbon emissions, minimizing strain on infrastructure, reducing congestion, and allowing companies to allocate resources better. The specialized EV chassis that will be jointly developed by Hino and REE will leverage proprietary REEcorner technology, which packs critical vehicle components into a single system positioned between the wheel and the chassis. The solution will have a low-floor, full-flat design that flexibly meets customer needs and supports autonomous driving. Hardware prototypes of the solution are expected by FY 2022.

"Hino is delighted to have won this prestigious award together with our valued partner REE Automotive," said Hino lead designer Seiichi Yamaguchi. "Together we are going to provide new value to society through next-generation commercial mobility. With the flat chassis and the detachable Mobility Service Module, services and contents themselves become mobile. By sparking metabolism of old and new in our lives and communities, we aim to realize prosperous and sustainable societies where people can connect with communities to create a cycle of happiness.

"Hino is one of the world’s largest leading truck manufacturers and, together, we’re committed to bringing new value to society and reducing the carbon footprint," said Ahishay Sardes, Co-Founder and Chief Technology Officer of REE. "We are honored that our design collaboration has been recognized with this award, as our corner and control technology and fully-flat platform enable multiple new applications for modular commercial electric vehicles – helping us work toward a zero-emissions future."

About Hino Motors

Hino Motors, Ltd. is a Toyota Group company selling trucks and buses in more than 80 countries in 2020. Number of employees totals 35,000 globally, and produces vehicles in over 20 countries including the 4 major plants in Japan. Hino slogan is "Trucks and buses that do more". To put "Trucks and buses that do more" into practice, Hino will provide "appropriate products with safety and environment technologies", "ultimately customized total support for customers", and "challenge new fields".

About REE Automotive

REE is an automotive technology leader creating the cornerstone for tomorrow’s zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry’s flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners’ existing production lines. REE’s technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.

For more information visit: www.ree.auto.

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company’s statements about the Company’s strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE’s ability to commercialize its strategic plan; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in REE’s final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the "SEC") on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005300/en/

Contacts

Investor Relations
Limor Gruber
VP Investor Relations | REE Automotive
+972-50-5239233
investors@ree.auto

Media
Caroline Hutcheson
Head of Communications | REE Automotive
+1-252-314-2028
media@ree.auto

Media
Makota Iijima
Manager, Corporate Communications Group, Public Affairs Division
ma.iijima@hino.co.jp
hm.pr@hino.co.jp

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Figure 1

The Vallée property is immediately east of the North American Lithium mine. This figure depicts the 2011 fence drilling (yellow line) and the first four drillholes of the Company’s current drilling campaign. All four drillholes intersected the Li-bearing, spodumen-rich pegmatite swarm.

Figure 2

Spodumene bearing pegmatite intersection in drill core of hole No. VAL21-2-3.

TORONTO, Sept. 23, 2021 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (“Jourdan” or the “Company“) is pleased to announce that all of its first four drill holes of its fall drilling campaign have intersected the spodumene-bearing pegmatite swarm on its Vallée property at a previously underexplored eastern position (see Fig. 1).

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d0ec079-8d7d-4fc5-bb7b-57aa0d88d6c8

The Company’s 2000m diamond drilling program is intended to follow up on the results of a bulk sample collected in 2018 and the fence line drilled in 2011 along the western side of the Company’s Vallée property, which borders the North American Lithium mine. This drilling campaign aims at completing two more fence lines across the expected lithium-bearing pegmatite swarm, which has been mined in the immediate vicinity to the west. 10 holes of approximately 200m depth each are scheduled to be drilled aiming at the pegmatite swarms identified by the trenching of the bulk sample collected on the Vallée property in 2018. The assay results from the bulk sample revealed high Li₂O grades (for more information, please see the Company’s press release dated April 29, 2021), which have encouraged the Company to continue exploration and exploratory drilling along the strike and depth extents of its Vallée property.

Rene Bharti, CEO of Jourdan, stated, “Our drill program continues to provide encouraging results. Having all four holes hit the anticipated Li-bearing, spodumene-rich pegmatite swarm in a new direction is a clear indication that there is potentially more mineralization on our properties than we had initially expected. Having visited the site recently, it was apparent from the level of activity in the area that the global demand for lithium has not slowed. The Company intends to use the results from this drill program to establish a resource in the near term. Furthermore, with such a world class exploration team assembled and led by Dr. Rompel, I have no doubt that Jourdan will realize its goal of becoming Canada’s next lithium producer.”

Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “We are excited about the first intersections and proving up the eastern extension of the expected Li-bearing pegmatite swarm on our Vallée property. We intend to continue to build on these intercepts with the intention of delineating the entire extent of the expected lithium deposits existing east of the North American Lithium mine.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/39dcbe81-a0f2-4d77-8630-5272bc9282b8

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P.Geo., an independent consultant that is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Jourdan

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.

For more information:

www.jourdaninc.com

Rene Bharti, Chief Executive Officer and President
Email: info@jourdaninc.com
Phone: (416) 861-5800

Cautionary statements

The content and grades of any mineral deposits at the Company’s properties are conceptual in nature. There has been insufficient exploration to define a mineral resource on the property and it is uncertain if further exploration will result in any target being delineated as a mineral resource.

This press release contains “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 global demand for lithium and the Company’s ability to complete its 2000m drilling campaign, to complete any future exploratory and drilling campaigns, to establish a resource at its properties, and to execute its business plan, including its ambition to become Canada’s next lithium producer. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities 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.

Vancouver, British Columbia–(Newsfile Corp. – September 22, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) is currently mobilizing a diamond drill to the Otter Brook region of its Golden Promise Gold Property. Otter Brook is located within the company's 100% owned Golden Promise Property, which is 1 of the company's 8 properties within the central Newfoundland gold belt, which cover a total area of 25,700 hectares.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Great Atlantic" in the search box.

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The drilling permit, for up to 12 holes, will test under the Otter Brook gold showing and along its projected strike, with drilling scheduled to begin later this week. Eight of 11 rock samples, from float, subcrop and outcrop, collected by the company during 2020, returned gold values in the 0.719 – 5.758 g/t range, with the highest value coming from an outcrop grab sample.

In 2018, the company reported a NI 43-101 compliant inferred resource estimate of 357,000 tonnes at 10.4 grams per tonne gold for 119,000 ounces uncapped at the nearby the Jaclyn Main Zone. Because part of the vein is near surface, the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50 per tonne and processing costs of US$25.00 per tonne were used together with a gold price of US$1,300 per ounce. All resources were classified as inferred because of the relatively wide spacing of drill holes through most of the zone.

The Golden Promise Property, located within the Exploits Subzone of the Newfoundland Dunnage Zone, is within a region of recent significant gold discoveries. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup, a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major collisional boundary, and suture zone, known as the RIL, which forms the western boundary of the Exploits Subzone.

Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (at the Valentine Gold Project, Sokoman Minerals Corp. at the Moosehead Gold Project and New Found Gold Corp. at the Queensway Project.

Viewers are warned that mineralization at the Valentine Gold Project, the Moosehead Gold Project, the Queensway Project, and elsewhere within the Exploits Subzone is not necessarily indicative of mineralization on the company's Golden Promise Property.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

The shares are trading at $0.375. For more information, please visit the company's website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com. For Investor Relations contact Andrew Job at 416-628-1560 or IR@GreatAtlanticResources.com.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97292

VANCOUVER, British Columbia, September 22, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) is pleased to announce that Mr. Greg Ferron has been appointed to its Board of Directors (the "Board"), effective immediately. As previously announced, Mr. Ferron has replaced Mr. Paul Ankcorn, who has stepped down from the Board.

Mr. Ferron has 20 years of mining industry and capital markets experience, and is the former director and CEO of Treasury Metals Inc. Previously, he held various corporate finance, corporate development and investor relations roles, including Laramide Resources Ltd., Treasury Metals, TMX Group, and Scotiabank. Mr. Ferron has diverse M&A experience completing joint ventures, project acquisitions, asset sales and project divestitures, including Laramide's Westwater ISR project acquisition and Treasury's merger with the Goldlund Gold Project, creating one of Canada’s largest gold developers. He currently serves on the board of directors at Platinex Inc. and provides corporate development and advisory services to mining clients.

"We are pleased to have Mr. Ferron join our Board and look forward to his contributions," said Mr. Mark Billings, Chairman of the Board. "Drawing on his years of experience, Mr. Ferron will be a key player in helping Fancamp advance its strategic plan. I am confident he will be an outstanding director who makes the interests of our shareholders a priority."

"We would also like to thank Mr. Ankcorn for his exceptional service on our Board. Fancamp benefitted greatly from Mr. Ankcorn’s dedication and leadership, and it has been a privilege to work closely and serve alongside him," added Mr. Billings.

"I am delighted to join the Fancamp Board," said Mr. Ferron. "With their commitment to delivering shareholder value and growing the business through exploration properties, titanium technology and strategic alternatives, shareholders should be excited about Fancamp’s bright future. I look forward to supporting Rajesh and working with my fellow directors as well as our advisory members and shareholders to build our business for growth."

Mr. Ferron’s appointment comes after an agreement that further aligns the interests of shareholders with the Board and management. As part of the agreement, Fancamp also terminated the ScoZinc transaction for a private placement, which will allow the Corporation to benefit from ScoZinc’s production potential and corporate upside, and following the annual general meeting ("AGM"), the Board will advance the Corporation’s strategic plan.

Vote Your Gold Proxy Today

Shareholders are encouraged to continue voting on the GOLD proxy FOR Fancamp’s director nominees. Fancamp remains committed to holding the AGM as soon as possible and will advise shareholders of a new date in due course.

If you have any questions or need help voting, please contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

Advisors

Lavery, de Billy, L.L.P. and Goodmans LLP are serving as legal advisor to Fancamp. Harris & Company LLP is serving as litigation counsel to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp. Koffman Kalef LLP is serving as legal advisor to the Special Committee.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements

This news release includes certain statements which are not comprised of historical facts and that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include estimates and statements that describe Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes," "anticipates," "expects," "estimates," "may," "could," "would," "will," "foresees" or "plan." Since forward-looking statements are based on multiple factors, assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, information and statements relating to the Corporation’s annual general meeting, and objectives, goals or future plans. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled "Risks and Uncertainties" in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended January 31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Fancamp considers its assumptions to be reasonable based on information currently available, but there can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210922005611/en/

Contacts

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

VANCOUVER, British Columbia, Sept. 22, 2021 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce results of independent metallurgical testwork conducted on the high-grade Nukittooq niobium-tantalum project in Greenland which is owned 100% by Hudson Resources Inc. The testwork, conducted by SGS Canada Inc. in its Lakefield, Ontario facility, under the supervision of Hudson’s senior consulting metallurgist, John Goode, achieved a niobium (Nb) concentrate assaying 55.3% Nb₂O₅ at a 66.6% global recovery along with 65% of the tantalum (Ta).

A Composite sample used in the metallurgical test program assayed 22.3% Nb₂O₅ and 0.3% Ta₂O₅. The Composite sample was comprised of thirty-five samples collected from the Nukittooq project in September 2020 which averaged 19.35% Nb₂O₅ over 112 meters (see NR2020-15). The Nukittooq deposit has some of the highest reported niobium assays in the industry.

QEMSCAN analysis indicated that the Composite sample consisted of pyrochlore (37.3%) (including traces of tentatively identified columbite), aegirine (33.3%), K-feldspars (21.9%), biotite (5.4%), and trace amounts of other minerals (ca. 2%). The major gangue elements in the Composite sample were 36.7% SiO₂, 11.5% Fe₂O₃, and 4.27% K₂O. Rare earth minerals (REM) including synchysite/parisite and bastnaesite were also present in trace amounts.

Jim Cambon, President commented: “We are very encouraged by the success of the metallurgical program and the ability to produce a very high-value niobium-tantalum concentrate with recoveries in line with or above current producers. Our goal is to define significant tonnage and rapidly advance the project where we can ship a concentrate out of Greenland for toll processing. We will continue to advance the metallurgical program and plan to commence a drill program in 2022 to outline economic tonnages along the 500m strike length of this exciting target.”

The metallurgical testwork methods conducted by SGS demonstrated the following:

• Wet high-intensity magnetic separation (WHIMS)

  • Conducted at 5,000 Gauss on the Composite sample ground to 80% passing 144 µm removed 48% of the aegirine with 8.5% niobium loss. K-feldspar generally followed pyrochlore to the non-magnetic products.

• Gravity concentration

  • This showed limited effectiveness. However, the use of WHIMS together with a Mozley shaking table on the non-magnetic fraction showed some promise. A combined niobium concentrate assaying 55.6% Nb₂O₅ at 47.6% global recovery was produced.

• Flotation

  • Seven open-circuit flotation tests were performed on stage-ground and deslimed feed material. These tests examined a number of procedures, depressants and collectors. SGS’s extensive experience with pyrochlore flotation allowed rapid development of a circuit comprising WHIMS for early rejection of aegirine followed by rougher flotation using a blend of Aero6494+F3900+Pb²⁺ which selectively floated pyrochlore from K-feldspar.

  • The rougher concentrate was divided into coarse and fine fractions and separate roughing and cleaning systems, using an amine collector, applied to each stream. The combined niobium concentrate contained 55.3% Nb₂O₅ at 66.6% global recovery.

Hudson owns 100% of the high-grade Nukittooq niobium-tantalum project and the Sarfartoq rare earth element (“REE”) project which are both located on the Sarfartoq exploration license in southwestern Greenland. The Sarfartoq REE project has a 43-101 indicated and inferred resource outlining 35,000 tonnes of neodymium oxide plus praseodymium oxide, the two key components in permanent magnets driving the green revolution. The Nukittooq niobium-tantalum project has some of the highest reported niobium assays in the industry with potential to extend the strike length of this largely unexplored target. Hudson also has a 31.1% equity interest in the White Mountain anorthosite mine and rights to acquire 100%.

J.R. Goode, P. Eng., is a Qualified Person, as defined by National Instrument 43-101, and reviewed the preparation of the metallurgical and technical information in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Cambon”

President and Director

For further information:
Ph: 604-628-5002

Forward-Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”.

Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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.

VANCOUVER, BC / ACCESSWIRE / September 21, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it is currently mobilizing a diamond drill to the eastern region of its Golden Promise Gold Property specifically to the area of the Otter Brook gold showing. Drilling is scheduled to begin later this week. The Golden Promise Property is located within the central Newfoundland gold belt.

Rock samples collected by Great Atlantic during 2020 at the Otter Brook gold showing returned up to 5.75 grams per tonne (g/t) gold.

The drilling program will test under the Otter Brook gold showing and along its projected strike. The drilling permit in this target area allows for up to 12 drill holes.

Eight of 11 rock samples (float, subcrop and outcrop) collected by the Company at the Otter Brook gold showing during 2020 returned gold values in the 0.719 – 5.758 g/t range. An outcrop grab sample returned the highest value of 5.758 g/t gold.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization on the Golden Promise Property.

The 2020 program at the Otter Brook gold showing was managed by a Qualified Person. The rock samples were assayed for gold by Eastern Analytical Ltd. by Fire Assay – AA. Eastern Analytical Ltd. is independent of Great Atlantic.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director

Investor Relations:

Andrew Job
1-416-628-1560
IR@GreatAtlanticResources.com
Office Line 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions

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.

SOURCE: Great Atlantic Resources Corp.

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BEDFORD, NS / ACCESSWIRE / September 21, 2021 / (TSXV:SSE) – Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") announces the receipt of all assays from the twenty holes of its Phase 1 exploration drilling at the El Mezquite Au-Ag property ("El Mezquite" or the "Property").

"We are pleased to report encouraging precious metal assays in nineteen of the first twenty holes drilled at El Mezquite. The second group of results returned gold values to 1.435 g/t Au. As noted previously, the drilling data are consistent with our exploration expectations for a low-grade, heap-leachable target with mineralization in the range of 0.1 g/t Au to 1.0 g/t Au," stated Greg Davison, Silver Spruce Vice-President Exploration and Director. "The latest drilling identified more and thicker intervals, the best assays to date and significant low-grade multi-metal haloes which point to the importance of the structural targets generated from the geological data compilation. Many of these targets remain to be drilled in a proposed Phase 2 program."

Figure 1. El Mezquite property showing RC rig from Layne de Mexico.

The Phase 1 RC program (see Figures 1 and 2) comprised 20 holes with a combined depth of 2,485 metres and utilized eight drill pad locations focused around a 400m x 600m area with elevated surface precious metal values to 3.41 g/t Au and 387 g/t Ag. Collars were defined by several northeast-trending veins, structural lineaments and oxide/sulphide transitions interpreted from geological mapping, precious metal assays, multi-element geochemistry, alteration assemblages and coincident 3D IP chargeability anomalies.

A total of 77 sampling intervals, ranging from surface to 146.4 metres depth downhole, are shown in Tables 1a and 1b. Individual sections of >0.1 g/t Au include sample composites of up to five intervals (3.1 metres to 7.7 metres) with weighted grades from 0.121 g/t Au to 0.955 g/t Au. Silver values were generally low (98^th percentile – 17 g/t Ag) and ranged from <1 g/t Ag to 241 g/t Ag. Elevated Ag occurred commonly with higher Au and base metals.

"The mineralized intervals noted above reflected the observed scale estimated from current surface sampling on outcropping vein and structurally-controlled showings. Of importance to the geochemical interpretation, the pathfinder elements (Hg, Cu, Pb, Zn, Sb and As) with low grade Au often displayed well-defined metal haloes adjacent to notable Au values. These zones, which occurred in fourteen (14) drill holes, ranged from ten (10) to forty-three (43) metres, with seven intervals over 20 metres in apparent thickness downhole, within and peripheral to the multiple gold and silver-bearing intervals and potentially are indicative of a significant structurally-influenced, precious metal mineralizing system with vein, stockwork and disseminated sulphides and/or secondary oxides," said Greg Davison, Silver Spruce Vice-President Exploration and Director.

"Targets for Phase 2 drilling are being prepared from our ongoing geological, hyperspectral, LANDSAT and LiDAR compilation for inclusion in a revised environmental report submittal to the Mexican Secretariat of Environment and Natural Resources (SEMARNAT) for permitting," said Mr. Davison.

Figure 2. Drill collar location map for the El Mezquite property.

The Company's first-ever drilling program at El Mezquite (see Press Releases of August 5 and September 7, 2021) was completed in July with samples being submitted to ALS Global in Hermosillo in daily batches of 3-4 holes. The first seven (7) drill holes were completed on June 14^th. The remaining thirteen (13) holes were drilled with two RC rigs from Layne de Mexico and completed as scheduled on July 28^th.

Local drill management and oversight, packaging and shipping, logging, splitting and packaging of geochemical samples, quality control protocols and delivery to ALS Global were conducted under Servicios Geológicos IMEx ("IMEx") supervision at the El Mezquite property and at our option partner Colibri Resource's ("Colibri") office facilities in Hermosillo.

Sample splits (50%) were collected for geochemical analysis from 1.53 metre intervals throughout the length of each hole. Chip samples were split for logging from each interval, packaged in vials and organized in trays by drill hole. The remaining splits (50%) were stored at the project site and at Colibri's storage facility in Suaqui Grande.

Laboratory assay results were submitted between June 17^th and August 5^th. Data were received between July 15^th and August 24^th. Despite laboratory workloads which have impacted turnaround timelines, our samples were analysed in Vancouver and Lima, Peru to expedite completion.

Table 1a. Select assay intervals (>0.1 g/t Au) for the Phase 1 drilling program (MEZ001-MEZ-010).

Table 1b. Select assay intervals (>0.1 g/t Au) for the Phase 1 drilling program (MEZ011-MEZ-020).

RC Drill – Geological Logging

The drill hole geology was recurrent and logged primarily as light to dark green to grey-green, fine-grained phaneritic to porphyritic-textured andesite and dark grey mafic dykes exhibiting surface oxidation and transitional zones, weak to moderate propylitic alteration and at depth, abundant disseminated sulphides, chiefly pyrite, and/or magnetite. The andesite dykes contained elevated magnetite. Minor rhyolitic units may be feldspar-quartz intrusive dykes.

Oxidation reached depths of 3 metres to 24.4 metres above transitional intervals also measuring from 3 metres to 24.3 metres; hematite and manganese oxides identified as pyrolusite were noted in red to orange to orange-grey altered andesite with silicification and incipient argillic alteration noted in several drill holes (e.g., MEZ-21-17 and MEZ-21-19). The sulphide zone andesites were intersected at overall downhole depths of 12.2 metres to 36.6 metres and continued throughout to the base of the holes.

Pyrite (estimated 1-2 wt.%, max. 5 wt.%) was the dominant sulphide species with minor chalcopyrite, sphalerite and possible galena. Sulphides also occurred in quartz and quartz-carbonate veinlets with a stockwork-style distribution. Minor calcite-chlorite and quartz-gypsum vein sets were noted.

Project Background

El Mezquite, a drill-ready precious metal project located 10 km northwest of the town of Tepoca, and 170 km southeast of the capital city of Hermosillo, eastern Sonora, Mexico, is very well situated in terms of logistics for exploration and is located only twelve kilometres northwest of the Nicho deposit currently under mine development by Minera Alamos (see Figure 3).

The 180-hectare Property is easily accessible from Mexican Highway #16 via a southerly-trending unpaved road which traverses through the centre of the known gold mineralization. High voltage power lines are positioned along Highway #16.

The El Mezquite Project is located within the west-central portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending "Sonora Gold Belt" of northern Mexico and parallel to the precious metals-rich Mojave-Sonora Megashear.

Figure 3. Location Map for El Mezquite, Jackie and Diamante Concessions. Nicho mine development by Minera Alamos located 10 km SE of El Mezquite, 5km SE of Jackie.

The Company undertook an exploration program including environmental permitting for drilling, geological mapping of geologic structures and lineaments, ortho-mosaic photography, rock geochemical and hyperspectral analysis, data compilation and GIS modeling, and a LiDAR survey. Ground truthing of the Au-Ag system with geological mapping and rock sampling was completed in three campaigns between July 2020 and March 2021. All aspects of the exploration program are conducted with strict adherence to COVID-19 protocols for personal safety.

All current samples from the 2020-2021 field programs were submitted to ALS Global for gold, multi-element and hyperspectral analysis. Historical samples (>400) from the 2010-2019 programs also were submitted to provide complementary multi-element and hyperspectral data over the Property database. The LiDAR survey data and satellite hyperspectral interpretation results are being updated into the project ArcGIS database.

The environmental permit, required to drill the Property, was received from SEMARNAT (see Press Release April 20, 2021) and granted to the concession holder, Yaque Minerals S.A. de C.V. ("Yaque") by SEMARNAT. The permit allows for fourteen (14) drill pads over the targets in the northern area of the concession. Individual holes achieved depths of 100-200 metres to intersect the target intervals.

Land surface agreements were signed with three ranchers to facilitate full access to the Phase 1 collar locations.

Geochemical Analysis, Quality Assurance and Quality Control

Drill chip sample splits were delivered from the drill site to an in-house storage facility in Hermosillo for logging and QA/QC by IMEx, and then to the ALS sample preparation facility in Hermosillo, Sonora, Mexico. ALS Global in North Vancouver, British Columbia, Canada, is a facility certified as ISO 9001:2008 and accredited to ISO/IEC 17025:2005 from the Standards Council of Canada. Local chain of custody was monitored and maintained by a professional senior geologist with IMEx.

The samples were crushed to 70% passing 2mm (PREP-31) and a split of up to 250 grams pulverized to 85% passing 75 micrometres (-200 mesh). The sample pulps and crushed splits were transferred internally to ALS Global's North Vancouver, Canada or Lima, Peru analytical facility for gold and multi-element analysis. Pulps (50gram split) are submitted for Au analysis by Fire Assay with Atomic Absorption finish (Au-AA24).

The retained pulps also were analysed by Four Acid Digestion followed by Inductively Coupled Plasma Atomic Emission Spectrometry (ICP-AES) multi-element analyses (ME-ICP61m) with Hg by Aqua Regia and ICP-MS (Hg-MS42).

Over-limit Au and Ag samples are analyzed by Fire Assay with Gravimetric Finish Ore Grade (Au-GRA21 or Au-GRA22, Ag-GRA21). Overlimit base metals are analyzed by Four Acid Digestion followed by Ore Grade Inductively Coupled Plasma Atomic Emission Spectrometry (ICP-AES) for Cu, Pb and Zn (Cu-OG62, Pb-OG62, Zn-OG62).

In-house quality control samples (blanks, standards, duplicates, preparation duplicates) were inserted into the sample set by IMEx. ALS Global conducts its own internal QA/QC program of blanks, standards and duplicates, and the results were provided with the Company sample certificates. The results of the ALS control samples were reviewed by IMEx and the Company's QP and evaluated for acceptable tolerances.

All sample and pulp rejects will be stored at ALS Global pending full review of the analytical data, and future selection of pulps for independent third-party check analyses, as requisite.

Sample grades reported by element in the technical documentation and analytical certificates range from detection limit (based on the specific instrumentation and by element) to anomalous values which represent and include select samples and are reported as ‘up to' the maximum values and/or ranges presented. Average or weighted values may be reported for select suites of samples in which the sample frequency is indicated, and which only represent metal grades from those samples.

Qualified Person

Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the El Mezquite Project and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), under TSX guidelines.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit, respectively. The Company is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce recently signed a Definitive Agreement to acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located 15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., central Newfoundland. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:

Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO and Director
(902) 402-0388
mkinley@silverspruceresources.com

info@silverspruceresources.com
www.silverspruceresources.com

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.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources Inc.

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The new TSF will be designed to optimize the physical and geochemical stability of the tailings pile and meet global standards and best practices for environmental safety and water quality

KINGSTON, ON / ACCESSWIRE / September 21, 2021 / Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is pleased to announce that it has retained the services of NewFields Canada Mining & Environment ULC ("NewFields"), a Saskatoon-based environmental, engineering and construction firm, to design the tailings storage facility and water management system at its Lac Knife flake graphite project, located on the Southwestern edge of the Labrador Trough next to the towns of Fermont and Wabush on the Nitassinan of Innu Takuaikan Uashat mak Mani-utenam (ITUM).

As per its agreement signed August 6, 2021, with Focus, NewFields will begin by reviewing the suitability of the site that was selected for the tailings storage facility (TSF) when a Feasibility Study for the project was completed in August 2014¹. It will also examine the feasibility of implementing a filtered (dry stack) tailings management system at Lac Knife rather than more conventional slurry type tailings system designs. The new TSF design will be optimized for physical and geochemical stability, safety, and environmental protection extending well beyond the end of mining operations.

In addition to tailings management system design, NewFields will investigate options for onsite waste rock management to address any potential water drainage issues. It is currently working with Focus and geological consultants IOS Services Géoscientifiques to conduct a geochemical characterization of tailings and waste rock materials at Lac Knife. This information will also be used to develop optimal site water management and control, along with water treatment processes.

"Graphite is essential for many forms of renewable energy, and this project will be an important contributor to the green economy," said Leon Botham, Principal Engineer and Tailings Management Specialist at NewFields, who is the lead environmental engineer on the project. "It's important to provide safe, effective treatment and disposal of waste materials and process waters to ensure that the Lac Knife project itself is as 'green' as the minerals Focus plans to extract."

"NewFields is an established, international environmental engineering company with a proven track record in designing effective tailings and waste rock management systems at mine sites around the world," said Marc Roy, President and CEO of Focus Graphite. "It is very important to us at Focus to advance the Lac Knife project, and all our projects, using methods that cause minimal impact to natural ecosystems including protecting the quality of groundwater and surface water. We're confident that Leon and the NewFields team share our values and approach in this regard."

NewFields joins IOS Services Géoscientifiques Inc., DRA Americas Inc., Wood plc., Table Jamésienne de Concertation Minière (TJCM), and Richelieu Hydrogéologie Inc. in working with Focus to advance the Lac Knife project and update its Lac Knife FS and Environmental and Social Impact Assessment (ESIA) reports, both of which were initially filed in 2014. These updates are currently underway.

Qualified Person

Mr. Marc-André Bernier, géo. (QC), P.Geo. (ON), M.Sc., senior geoscientist for Table Jamésienne de Concertation Minière, a consultant to the Company and a Qualified Person as defined under National Instrument (NI) 43 – 101 Standards of Disclosure for Mineral Projects has reviewed and approved the technical content this news release.

About NewFields

Established in 1995, NewFields is an environmental, engineering, and construction management consulting firm that provides access to a global network of recognized experts and professionals who work together to resolve clients' complex business needs. They specialize in developing and deploying knowledge management and information technologies that seek solutions for our clients – safely, efficiently, effectively and consciously.

For more information, please visit www.newfields.com.

About Focus Graphite

Focus Graphite Inc. is an exploration and development company that seeks to produce flake graphite concentrate at its wholly owned Lac Knife and Lac Tétépisca flake graphite projects located in the Côte-Nord administrative region of Québec. As part of its mission to build long-term, sustainable shareholder value, Focus is also evaluating the feasibility of producing value-added specialty graphite products, including battery-grade spherical graphite. Focus Graphite is a technology-oriented graphite development company with a vision for building long-term, sustainable shareholder value. Focus also holds an equity position in graphene applications developer Grafoid Inc.

For more information about Focus Graphite, please visit www.focusgraphite.com.

Forward-Looking Statement

This news release may contain certain forward-looking information and statements, including without limitation, the closing of the Offerings, statements pertaining to the use of proceeds, and the Company's ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Focus Graphite's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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 accuracy of this release.

For more information, please contact:

Kimberly Darlington
Communications, Focus Graphite
kdarlington@focusgraphite.com

Judith Mazvihwa-Maclean
CFO, Focus Graphite
jmazvihwa@focusgraphite.com
(613) 581-4040

¹Available at www.sedar.com under Focus Graphite Inc.

SOURCE: Focus Graphite Inc.

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TORONTO, ON / ACCESSWIRE / September 20, 2021 / Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSXV:TSD)(OTCQB:TSDRF)(FSE:TZO) is pleased to announce positive geotechnical lab test results for its wholly owned Xaudum Iron Project. These are the first set of geotechnical lab tests conducted on the Xaudum Iron Formation (XIF) and indicate that the XIF materials are competent and have good to moderate strength properties and will result in a positive set of geotechnical parameters to be used in the ongoing Preliminary Economic Assessment ("PEA") of the XIF project.

Rock strength data is important in generating slope designs for safe mining and this set of lab test data will contribute to further geotechnical studies into rock mass rating for pit stability and pit wall design during the engineering stage of the PEA. The aim of conducting lab tests on these XIF samples is to measure the ranges at which the XIF will fail under tension, compression and shear on their discontinuities. To test the above-mentioned strength properties, the selected samples from XIF Geodomains were subjected to the following tests: Unconfined Compressive Strength, Brazilian Tensile Strength, and Direct Shear Strength. These tests were conducted at the Botswana International University of Science and Technology (BIUST) by the Mining and Geological Engineering department and the results can be found in Table 1.

Tsodilo's Chairman and CEO, James M. Bruchs, commented "The results were what we expected, they show that the XIF materials are all within standard mechanical rock property ranges and that there will be no geotechnical issues arising from the XIF materials and confirm that the XIF will show "normal" pit wall angles as assumed in the Company's previous resource reporting."

31 geotechnical tests were processed by BIUST, see Table 1. A summary of the completed geotechnical test works is set forth below:

18 Unconfined Compressive Strength (UCS) tests gave the following results:

• Fresh Banded Magnetite formation (MBA) has a Very Strong Rock Strength Classification with a UCS average value of 132.7 MPa. Cataclastic mode of failure is the most prevalent in these MBA samples where the samples break irregularly at high stress without following any plane of weakness;

  • Cataclastic is common in hard and brittle rocks, this mode of failure suggests that MBA banding is not necessarily a plane of weakness;

• Weathered Banded Magnetite (MBW) has a Strong Rock Strength Classification with a UCS average value of 81.3 MPa ;

  • MBW tends to break along foliation suggesting that there are micro-fractures developed along foliation caused by weathering;

• Diamictite Schist Formation (DIA) has a Strong Rock Strength Classification with a UCS average value of 57.2 MPa. DIA is predominantly the main country rock in the XIF and will make up the bulk of the pit wall materials during mining of the XIF;

  • This Geodomain exhibits single shear as the dominant mode of failure which can be attributed to foliation and schistocity of this rock type that creates a plane of weakness;

• Diamictite Schist Weathered formation (DIAW) has a Medium Strong Rock Strength Classification with a UCS average value of 31.6 MPa;

  • DIAW breaks easier along the schistocity foliation suggesting the weathering exacerbates the schistocity weakness planes of the rock mass;

• Calcrete Overburden (CAC) has a Strong Rock Strength Classification with a UCS average value of 80.4 MPa;

  • Axial splitting is the dominant mode of fracture for this rock type.

• Table 1: Part A shows the UCS test results

8 Brazilian Tensile Strength (BTS) tests gave the following results:

• MBA gave a Strong to Very Strong tensile strength with an average of 9.65 MPa;

• DIA gave a Medium Strong to Strong tensile strength with an average of 8.82 MPa;

• Table 1: Part B shows the BTS test results

• The BTS values for DIA and MBA were plotted against UCS results and compared with other rock strength values in the literature showing the strong nature of these materials, see Figure 1.

4 Direct Shear Strength (DSS)tests on open discontinuities (joints) on DIA Geodomain gave the following results:

• These joints gave effective friction angles ranges from 19.29^o (Poor) to 36.87^o (Good) and the effective cohesion of the joint surface ranged from 27.02 kPa to 273.81 kPa;

  • The cohesion values are considered to be moderate low to moderate when compared to other geological scenarios in the literature, see Figure 2;

• The friction angle ranges show that the material along the joint surface has variable amounts of "weak" phyllosilicate materials (dominated by biotite) due to the schistic nature of the DIA; and

  • Group A (Figure 2) showing appreciable phyllosilicate (biotite) material and thus lower effective friction angles, compared to Group B (Figure 2);

• These results of these DSS tests are well within normal results for materials like the DIA.

• Table 1: Part Cshows the DSS test results

Geotechnical Lab Test Conclusions

The UCS and the BTS strength tests indicate that the XIF major Geodomains are competent and strong in both dimensions of compression and tension. The UCS mode of failure indicates that DIA, DIAW and MBW tend to show a preferred mode of failure related to the foliation. This is not as common for MBA and CAC. The joint discontinuities tested for DSS lean towards poor and fair characterizations.

These are the first set of geotechnical lab tests conducted on the XIF and show that the XIF materials are competent and will result in a good set of geotechnical parameters to be used in the ongoing PEA. These geotechnical lab tests show that the XIF materials are all within standard mechanical rock property ranges and that there will be no geotechnical issues arising from the XIF materials confirming that the XIF will show "normal" pit wall angles as assumed and presented in the Company's XIF resources report (see Press Release of 9/14/2014 on the Company's website for further details).

References

• Chakraborty, S., Bisai, R., Palaniappan, S. K., & Pal, S. K. (2019). Failure Modes of Rocks under Uniaxial Compression Tests: An Experimental Approach. Journal of Advances in Geotechnical Engineering Volume 2 Issue 3, 1-8.

• Perras, M. A., & Diederichs, M. S. (2014). A Review of the Tensile Strength of Rock: Concepts and Testing. Springer.

• Read, J., & Stacey, P. (2010). Guidelines for Open Put Slope Design. Collingwood: CSIRO Publishing.

• Wyllie, D. C., & Norrish, N. I. (2006). Rock Strength Properties and their Measurements. 372-390. Chapter 14 from Landslides: Investigations and Mitigations by Turner, K. A. and Schuster, R. L. (ISBN: 030906208X)

About Botswana International University of Science and Technology

The Botswana International University of Science and Technology is a Government of Botswana supported institution established as a research-intensive University that specializes in Engineering, Science and Technology at both undergraduate and graduate (Master's and Doctoral) levels. It aims to increase competitiveness, economic growth and sustainable development; address the shortage of skilled scientists and technologists; increase movement of skilled people across national boundaries; stimulate research, innovation, and technology transfer; improve society's aspirations to improve health, wealth and well-being; address increased demand for access to tertiary education; and enable a more competitive and innovative tertiary education sector.

The University is a national strategic initiative that is intended to serve as one of the key platforms for transforming Botswana's economy. Because of its research emphasis, BIUST works with the private sector to meet emerging skills needs of the industry, as well as identifies challenges that can be solved through applied research. (www.biust.ac.bw).

About the XIF Project

• The project is located in the North-West District of Botswana and is proximate to the Namibian boarder and lies twenty-two (22) miles from the town of Divundu in Namibia. The Walvis Bay-Ndola-Lubumbashi Development Corridor (previously known as the Trans-Caprivi), line linking Zambia and Namibia is planned to pass through Divundu providing access to Walvis Bay, Namibia's deep-sea port.

  • The Company has joined the Walvis Bay Corridor Group (WBCG). Currently the portion of the corridor between Grootfontein (Namibia) to Katima Mulilo located on the Zambia border is the portion of the corridor closest to the Xaudum Iron Project. In March 2021, the Namibian Ministry of Works and Transport commissioned a Feasibility Study for the Trans-Zambezi Railway Extension Grootfontein — Rundu – Katima Mulilo. The proposed rail extension between Grootfontein and Katima Mulilo is significant to Tsodilo as the extension is planned to pass through Divundu. The feasibility study is expected to be completed by the end of 2021 and its results will be considered in our Preliminary Economic Assessment (PEA).

  • The project is also located within forty-three (43) miles of the proposed Mucusso line to Angola's Namibe Port.

• Preliminary work on the Xaudum Iron project has defined a CIM compliant Inferred Mineral Resource Estimate of 441 million tonnes (Mt) with an average grade of 29.4% Fe, 41.0% SiO2, 6.1% Al2O3 and 0.3% P for the Block 1 magnetite XIF.

• Block 1 is a fraction of the potential XIF magnetite resource. An extrapolated exploration target has defined the XIF to be in the order of 5 to 7 billion tonnes at 15 – 40% Fe. This exploration target was generated by inversion modelling of ground magnetic geophysical data which was compared and moderated to volumes from drilling data within Block 1 and its potential quantity and grade is conceptual in nature. To date, there has been insufficient exploration to define a mineral resource other than in Block 1 and it is uncertain if further exploration will result in the target being delineated as a mineral resource. See Press Release of 9/14/2014 on the Company's website for further details.

• Metallurgical magnetic separation results (Davis Tube Recovery) show an average concentrate of 67.2% Fe, 4.2% SiO2, 0.5% Al2O3, 0.07% P is obtained at P80 grind size of 80 microns, although higher grades are possible at finer P80's. See Press Release of 12/17/2013 on the Company's website.

• Further exploration will be focused on Block 2a where the Company expects an increase in the resource.

An informational presentation of the project outlining more information can be found on the Company's website at http://www.tsodiloresources.com/i/pdf/Tsodilo-Iron-Project-Overview_May-2021_Website.pdf.

More technical information a report prepared by SRK Consulting (UK) Ltd. for Gcwihaba Resources (Pty) Ltd. titled "Mineral Resource Estimate for the Xaudum Iron Project (Block 1), Republic of Botswana" with an effective date of August 29, 2014 and filed on SEDAR under the Company's profile at www.sedar.com.

About Tsodilo Resources Limited

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond, metal deposits and industrial stone at its Bosoto (Pty) Limited ("Bosoto"), Gcwihaba Resources (Pty) Limited ("Gcwihaba") and Newdico (Pty) Ltd. ("Newdico) projects in Botswana and its Idada 361 (Pty) Limited ("Idada") project in Barberton, South Africa. The Company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana and the PL216/2017 diamond prospection license also in the OKF. The Company has a 100% stake in its Gcwihaba project area consisting of seven metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. The Company has a 100% interest in its Newdico industrial stone project located in Botswana's Central District. Additionally, Tsodilo has a 70% stake in Idada Trading 361 (Pty) Limited which holds the gold and silver exploration license in the Barberton area of South Africa. Tsodilo manages the exploration of the Newdico, Gcwihaba, Bosoto and Idada projects. Overall supervision of the Company's exploration program is the responsibility of Dr. Alistair Jeffcoate, Project Manager and Chief Geologist of the Company and a "qualified person" as such term is defined in National Instrument 43-101.

This press release may contain forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements pertaining to the use of proceeds, the impact of strategic partnerships and statements that describe the Company's future plans, objectives or goals) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward- looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in equity markets, changes in general economic conditions, market volatility, political developments in Botswana and surrounding countries, changes to regulations affecting the Company's activities, uncertainties relating to the availability and costs of financing needed in the future, exploration and development risks, the uncertainties involved in interpreting exploration results and the other risks involved in the mineral exploration business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to availability and cost of funds, timing and content of work programs, results of exploration activities, interpretation of drilling results and other geological data, risks relating to variations in the diamond grade and kimberlite lithologies; variations in rates of recovery and breakage; estimates of grade and quality of diamonds, variations in diamond valuations and future diamond prices; the state of world diamond markets, reliability of mineral property titles, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, operational and infrastructure risk and other risks involved in the diamond exploration and development business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to their inherent uncertainty.

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

James M. Bruchs
Chairman and Chief Executive Officer
JBruchs@TsodiloResources.com

Dr. Alistair Jeffcoate
Project Manager and Chief Geologist
Alistair.Jeffcoate@tsodiloresources.com

Head Office
Telephone +1 416 572 2033
Facsimile + 1 416 987 4369
http://www.TsodiloResources.com

SOURCE: Tsodilo Resources Limited

View source version on accesswire.com:
https://www.accesswire.com/664524/Tsodilo-Resources-Limited-Announces-Geotechnical-Lab-Results-for-the-Preliminary-Economic-Assessment-of-Its-Xaudum-Iron-Project-in-Botswana

• Greg Ferron, Frank Hoegel, and certain other shareholders, who, together, hold in aggregate of approximately 12 million shares, have agreed to reverse their previous votes and will vote FOR Fancamp’s director nominees. Mr. Ferron will be appointed to Fancamp’s board of directors.

• As part of the agreement, Fancamp and ScoZinc have agreed to terminate the ScoZinc transaction. Instead, Fancamp will purchase, by way of a private placement, 1,969,697 common shares of ScoZinc at $0.66 per share for $1,300,000. The $300,000 termination fee payable by Fancamp to ScoZinc will be credited towards the private placement purchase price.

• In light of the recent court decision in favour of Fancamp, shareholders have expressed a clear desire to move forward with a strong corporate strategy and avoid further costs and delays.

VANCOUVER, British Columbia, September 16, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) today announced that it has entered into an agreement with Mr. Greg Ferron (the "Agreement"). Mr. Ferron has withdrawn his agreement to serve as a nominee on Mr. Peter H. Smith’s dissident slate, and Mr. Ferron, Frank Hoegel and certain other shareholders will reverse their previous votes and vote FOR Fancamp’s director nominees.

The Agreement aligns the interests of shareholders with the Fancamp Board of Directors (the "Board") and management. Pursuant to the terms of the Agreement:

• Mr. Ferron will be appointed to Fancamp’s Board, replacing Mr. Paul Ankcorn who is resigning. Following the Corporation’s annual general meeting ("AGM"), it is contemplated that Mr. Ankcorn and two other directors will be replaced by Mr. Ferron and two of his nominees who are acceptable to the Board.

• The proposed business combination between Fancamp and ScoZinc Mining Ltd. ("ScoZinc") has been terminated. Instead, Fancamp will purchase, by way of a private placement, 1,969,697 common shares of ScoZinc at $0.66 per share for $1,300,000. The $300,000 termination fee will be credited towards the private placement and Fancamp will pay the balance of $1,000,000. Once the private placement has closed, ScoZinc will appoint one nominee of Fancamp to its board of directors. ScoZinc will also issue 378,788 common shares to Fancamp at a price of $0.66 per share on a shares-for-debt basis to satisfy the $250,000 loan and any other amounts that ScoZinc may owe to Fancamp as part of the loan. This arrangement, which Mr. Ferron supports, will allow Fancamp to benefit from ScoZinc’s production potential and corporate upside. The foregoing is subject to regulatory approval.

• Following the AGM, the Board will advance the Corporation’s strategic plan focused on: exploration properties, titanium technology and strategic alternatives. Fancamp looks forward to working collaboratively with Mr. Ferron and other advisory members.

Vote Your Gold Proxy Today

Shareholders are encouraged to continue voting on the GOLD proxy FOR Fancamp’s director nominees. Fancamp remains committed to holding the AGM as soon as possible and will advise shareholders of a new date in due course.

If you have any questions or need help voting, please contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

Advisors

Lavery, de Billy, L.L.P. and Goodmans LLP are serving as legal advisor to Fancamp. Harris & Company LLP is serving as litigation counsel to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp. Koffman Kalef LLP is serving as legal advisor to the Special Committee.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements

This news release includes certain statements which are not comprised of historical facts and that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include estimates and statements that describe Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "foresees" or "plan". Since forward-looking statements are based on multiple factors, assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, information and statements relating to the Corporation’s annual general meeting, and objectives, goals or future plans. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled "Risks and Uncertainties" in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended January 31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Fancamp considers its assumptions to be reasonable based on information currently available, but there can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005305/en/

Contacts

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media Contact
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

Figure 1

The Vallée property in the immediate eastern proximity of the North American Lithium Mine, the bulk sample location and the laid out drill holes.

Figure 2

CEO Rene Bharti, Chairman Dr. Andreas Rompel and project geologist Alexandr Beloborodov at the drilling site at the Vallée property.

TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (“Jourdan” or the “Company“) is pleased to announce that the first drillhole of its fall campaign has commenced starting with hole No. VAL 21-2-3 approximately 110m east southeast from the bulk sample taken in 2018 and 100m east of the fence line drilled in 2011 (Fig. 1).

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0fa4fc36-5fe4-4435-9f6a-cb76f9974313

The 2000m diamond drilling program is intended to follow up on the results of a bulk sample collected in 2018 and the fence line drilled in 2011 along the western side of the Company’s Vallee property, which borders with the North American Lithium mine. This new drilling campaign aims at completing two more fence lines across the lithium-bearing pegmatite swarm, which has been mined in the immediate vicinity to the west. 10 holes of approximately 200m depth each are scheduled to be drilled aiming at the pegmatites swarm identified by the trenching of the bulk sample collected on the Vallée property in 2018. The assay results from the bulk sample revealed high Li₂O grade (see press release of the Company dated April 29 2021), which have encouraged the Company to continue exploration and drill along the strike and depth extent on its Vallée property.

Rene Bharti, CEO of Jourdan (Fig. 2), stated, “We believe this drill program will allow the Company to move forward with its goal to become Quebec’s next near-term lithium producer. Jourdan possess a large land package, and we hope that this drill program will be the beginning of a much larger campaign on our property overall. Furthermore, we are optimistic that the program will help us build a resource for the Company in the future.”

Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “We are excited to commence a new phase of exploration on our Vallée property and explore and develop the extent of the lithium mineralisation along the pegmatite swarm. After having received the positive results from the bulk sample, we feel highly encouraged to better define the strike length of the spodumene-bearing pegmatites.”

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/25bcb18f-1c48-48e2-8f65-37100bfa1e83

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P.Geo., an independent consultant that is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Jourdan
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.

For more information:
www.jourdaninc.com
Rene Bharti, Chief Executive Officer and President
Email:info@jourdaninc.com
Phone: (416) 861-5800

Cautionary statements

This press release contains “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 Company’s ability to complete a 2000m drilling campaign at its Vallée property, any future drilling campaigns, any resources at the Vallée property and the Company’s ability to execute its business plan, including its ambition to become Quebec’s next near-term lithium producer. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities 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.

BEDFORD, NS / ACCESSWIRE / September 14, 2021 / Silver Spruce Resources, Inc. (TSXV:SSE)(FRA:S6Q1) ("Silver Spruce" or the "Company") is pleased to announce that it has signed a Definitive Agreement with two parties (the "Vendors") to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, (the "Property" or the "Properties") located near Grand Falls, Newfoundland, Canada, 20-25 kilometres west of New Found Gold Corp.'s Queensway project and 15-35 kilometres south of Sokoman Minerals Corp.'s Moosehead gold project.

Figure 1. Location Map of Mystery, Till and Marilyn Gold Properties in the Exploits Subzone Gold Belt (Image adapted from exploits.gold).

"We expedited our initial site visit on the Properties during the week of August 23^rd and given the positive initial report on the mineral and rock textures potentially related to shallow epithermal and/or orogenic vein-style mineralization, we are pleased to move forward with this Definitive Agreement with the Vendors," said Greg Davison, Silver Spruce VP Exploration and Director. "We believe that this is a timely opportunity to acquire these Properties given their strategic location in a very active exploration camp, displaying prospective geology with only limited exploration and no history of drilling, and proximal to regional and secondary structural features defined by the geophysical and geological coverage. We have started building out the project ArcGIS database and investigating the most up-to-date and appropriate geochemical and geophysical techniques to conduct a Fall 2021 Phase 1 exploration program."

The Properties are well situated in exploration logistics, located close to each other and <10-25 kilometres southeast and south by road from Grand Falls, Newfoundland. The Properties are located <50 kilometres from the Gander International Airport and are easily accessible from major paved roads and local logging and bush roads and trails largely by vehicles and more remote areas by ATV.

The 8,750-hectare project is located within the Exploits Subzone, an extensive area of mineral exploration activity and discoveries over the past two years (Figure 1). The region is structurally complex and located, in large part, between two major crustal lineaments, the Grub Line and Valentine Lake Faults. Numerous major to lesser sub-parallel features merge and bifurcate along strike and are transected by NW and EW-trending faults. These deep-seated structures, which juxtapose geological terranes over hundreds of kilometres, are key to the location and formation of orogenic gold deposits containing several million ounces of gold as reported by a number of junior companies in the district. Though younger, the lineaments are very similar to those of the Abitibi Gold Belt in Ontario and Quebec in scale, splaying surface expression and wide distribution of mineral endowment, though in an earlier stage of overall exploration and development.

"We look forward to working in Newfoundland which offers a favorable regulatory environment, supportive communities, outstanding provincial geological survey, near year-round operating conditions, excellent property access and of principal importance, significant potential for new deposits as indicated by the number and quality of recent successful exploration projects," said Greg Davison, Silver Spruce VP Exploration and Director. "The Company's decision to add multiple properties to our portfolio in high-quality jurisdictions will give shareholders more opportunities for notable discoveries."

Due Diligence

Silver Spruce contracted a Newfoundland-based professional geologist to visit the properties with one of the Vendors. They travelled to the Mystery and Marilyn properties, shown in Figures 2 and 3 respectively, examined the geology, verified sample locations for the historical assays and collected new rock samples, thirteen of which were submitted to ALS Global for analysis, and took photographs of pertinent topography, geomorphology, geological exposures, access and types of vegetation. The four claims on the Till property were not evaluated during the site visit. Additional rock samples and splits of assay samples were shipped by courier to the Company's QP for forthcoming examination by optical microscopy. The results of the due diligence rock geochemistry for thirteen samples are expected from ALS Global in due course.

Figure 2. Mystery claims transected by the Great Rattling Brook. Due diligence sampling sites indicated.

Figure 3. Marilyn claims, southeast of Grand Falls, transected by the Bay d'Espoir Highway. Due diligence sampling sites indicated.

A selection of historical assays reported for precious and base metals and pathfinder elements from 123 samples collected from Mystery and Marilyn are shown in Table 1. Eighteen samples reported Au >0.5 g/t (max. 12.5 g/t Au). Cu values were reported up to to 9.85% with minor Ag, Pb and Zn. Arsenic was highly anomalous with values for 36 samples over the 2200 ppm upper limit for Inductively Coupled Plasma (ICP-OES) analysis, strongly associated with elevated Au values and displayed generally as minor to abundant arsenopyrite (see Figure 4).

Table 1. Select analyses from historical exploration on the Mystery and Marilyn properties – n=123 The samples represent those with Au, Ag and base metal (Cu, Pb, Zn) values in the 90^th percentiles for each element from a total of 123 samples analysed.

Multiple surface occurrences are reported of agate chalcedony to colloform and crystalline silica veining and multi-phase breccias (see Figures 4 and 5), carbonate replacement by quartz, and open-space filling quartz and calcite, all textures indicative of the upper zones of epithermal systems and epizonal to mesozonal structural conduits in orogenic systems, and are accompanied by Au and arsenopyrite, stibnite, chalcopyrite, bornite and Cu carbonate mineralization in several host lithologies including quartz, black shale and other sediments, ultramafics and gabbro.

Figure 4. Left – Epithermal silica veining outcropping along Great Rattling Brook. Right – Quartz float with arsenopyrite, sample grade reported as 12.5 g/t Au, 3.2 g/t Ag with anomalous As and Bi.

Figure 5. Polished samples showing epithermal chalcedonic silica veining with complex depositional and compositional banding, open space filling and multi-stage brecciation from Mystery property.

Terms of Agreement

Silver Spruce had a 30-day window after signing the LOI (see Press Release August 16^th, 2021) to carry out its due diligence and prepare a Definitive Agreement ("DA") for the Property acquisition.

The principal terms to purchase 100% interest in the Properties include cash payments and Silver Spruce common shares, with CAD$40,000 in cash and 1,000,000 shares on signing, and escalating payments of CAD$575,000 and 9,000,000 shares spread over five years on the anniversary date of TSX Venture Exchange approval. The minimum work expenditures over the life of the agreement total CAD$1,500,000. All financial terms are in Canadian dollars.

A finder's fee is payable on the acquisition pursuant to the guidelines of the TSX Venture Exchange.

Upon TSX acceptance for the DA, Silver Spruce will earn a 100% interest in the Property by paying the following cash payments to the Vendors or their nominee(s):

• $40,000 collectively upon receipt by the Purchaser of the Conditional Acceptance of the Exchange of this Agreement;

• $50,000 collectively upon the first anniversary of the date of the Final Exchange Bulletin;

• $75,000 collectively upon the second anniversary of the date of the Final Exchange Bulletin;

• $100,000 collectively upon the third anniversary of the date of the Final Exchange Bulletin;

• $150,000 collectively upon the fourth anniversary of the date of the Final Exchange Bulletin;

• $200,000 collectively upon the fifth anniversary of the date of the Final Exchange Bulletin; and

issuing to the Vendors or their nominee(s) from treasury the following Shares:

• 1,000,000 common shares collectively upon receipt by the Purchaser of the Conditional Acceptance of the Exchange of this Agreement;

• 1,000,000 common shares collectively upon the first anniversary of the date of the Final Exchange Bulletin;

• 1,250,000 common shares collectively upon the second anniversary of the date of the Final Exchange Bulletin;

• 1,500,000 common shares collectively upon the third anniversary of the date of the Final Exchange Bulletin;

• 2,000,000 common shares collectively upon the fourth anniversary of the date of the Final Exchange Bulletin;

• 3,250,000 common shares collectively upon the fifth anniversary of the date of the Final Exchange Bulletin; and

incurring a minimum of $1,500,000 in Expenditures on the Property as follows:

• $150,000 in property expenditures by the first anniversary of the date of the Final Exchange Bulletin; and

• $200,000 in additional property expenditures by the second anniversary of the date of the Final Exchange Bulletin; and

• $250,000 in additional property expenditures by the third anniversary of the date of the Final Exchange Bulletin; and

• $300,000 in additional property expenditures by the fourth anniversary of the date of the Final Exchange Bulletin; and

• $600,000 in additional property expenditures by the fifth anniversary of the date of the Final Exchange Bulletin.

Upon completion of the above terms in to earn a 100% interest in the Property, and the Title Transfer, the Vendors will reserve, retain and hold a 2% net smelter return royalty as described in the Royalty Agreement (the "Royalty").

An advance payment against the Royalty payable by the Purchaser to the Vendors in the amount of $15,000 will be made on an annual basis starting on the 6^th anniversary of the date of the Final Exchange Bulletin.

The Company shall be entitled, at any time in its sole discretion, upon written notice to the Vendors, to buy back 1% of the Royalty for $2,000,000, and shall have the right to buy back the remaining 1% of the Royalty from the Vendors at any time at a prevailing market price.

Geochemical Analysis, Quality Assurance and Quality Control

Rock samples were collected, packaged and delivered by the Company's contract professional geologist to a courier service for shipment to the ALS sample preparation facility in North Vancouver, British Columbia, Canada. ALS Global is a facility certified as ISO 9001:2008 and accredited to ISO/IEC 17025:2005 from the Standards Council of Canada.

Pulps (50gram split) were submitted for Au analysis by Fire Assay with Atomic Absorption finish (Au-AA24) and Four Acid Digestion with Inductively Coupled Plasma Atomic Emission Spectrometry (ICP-AES) multi-element analyses (ME-ICP61m).

Given the small size of the sample suite, no additional in-house quality control samples (blanks, standards, duplicates, preparation duplicates) were inserted into the sample set. ALS Global conducts its own internal QA/QC program of blanks, standards and duplicates, and the results are provided with the Company sample certificates. The results of the ALS control samples will be reviewed by the Company's QP and evaluated for acceptable tolerances. All sample and pulp rejects will be stored at ALS Global pending full review of the analytical data, and future selection of pulps for independent third-party check analyses, as requisite.

All of the metal values disclosed herein for the Mystery and Marilyn properties by past operators, including the Vendors, and by Silver Spruce are reported from grab samples which may not be representative of the metal grades, or the metal grade distribution, and those from previous exploration efforts must be considered as historical in nature. The Company has reviewed the historical certificates, where available, and conducted data verification sampling on the known areas of mineralization with a view to to confirm the presence and tenor of metal values. The verification sample results are pending from ALS.

The Company believes that the analytical protocols and data will withstand scrutiny for inclusion. Sample grades reported by element in the technical documentation and analytical certificates range from detection limit (based on the specific instrumentation and by element) to anomalous values which represent and include select samples and are reported as ‘up to' the maximum values and/or ranges presented. Average values may be reported for select suites of samples in which the sample frequency is indicated and which only represent metal grades from those samples.

Qualified Person

Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the Mystery, Marilyn and Till Projects and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("N.I. 43-101"), under TSX guidelines.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos' Nicho deposit, respectively. The Company also is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce has signed a Definitive Agreement to acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located 15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., central Newfoundland. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:

Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO and Director
(902) 826-1579
mkinley@silverspruceresources.com

info@silverspruceresources.com
www.silverspruceresources.com

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.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/663970/Silver-Spruce-Completes-Due-Diligence-and-Signs-Definitive-Agreement-to-Acquire-100-Interest-in-8750-hectare-Gold-Properties-Exploits-Gold-Belt-central-Newfoundland

NOTICES IN TERMS OF SECTION 155 OF THE COMPANIES ACT 71 OF 2008
RELATING TO
STEINHOFF INTERNATIONAL HOLDINGS PROPRIETARY LIMITED ("the Company")

AMSTERDAM, NETHERLANDS / ACCESSWIRE / September 13, 2021 / Capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the compromise that has been proposed by the Company to Scheme Creditors (the " Proposal ") in accordance with section 155 of the Companies Act 71 of 2008, as amended (" Companies Act "), available at www.SteinhoffSettlement.com .

Part A – NOTICE OF RESULTS OF MEETINGS

1 Notice is hereby given to Scheme Creditors that the results of the virtual meetings (collectively " Meetings " and individually " Meeting ") held in terms of section 155(6) of the Companies Act for the purposes of considering and voting on the Proposal are as set out below.

2 At the Meeting of the Financial Creditors held on 6 September 2021, the Financial Creditors voted as follows:

2.1 100% in number of the Financial Creditors present and voting (all by proxy) voted in favour of the Proposal; and

2.2 100% in value of the Financial Creditors present and voting (all by proxy) voted in favour of the Proposal,

and accordingly the Proposal was adopted by the Financial Creditors.

3 At the Meeting of the Contractual Claimants held on 10 September 2021, the Contractual Claimants voted as follows:

3.1 100% in number of the Contractual Claimants present and voting in person or by proxy voted in favour of the Proposal. Of the 16 Contractual Claimants present (in person or by proxy) at the Meeting, 1 Contractual Claimant abstained from voting on the Proposal; and

3.2 100% in value of the Contractual Claimants present and voting in person or by proxy representing 95.42% in value of the claims of all Contractual Claimants voted in favour of the Proposal,

and accordingly the Proposal was adopted by the Contractual Claimants.

4 At the Meeting of the SIHPL Market Purchase Claimants held on 6 September 2021, the SIHPL Market Purchase Claimants voted as follows:

4.1 100% in number of the SIHPL Market Purchase Claimants present and voting in person or by proxy voted in favour of the Proposal. Of the 8,481 SIHPL Market Purchase Claimants present in person or by proxy at the Meeting, 1 SIHPL Market Purchase Claimant abstained from voting on the Proposal; and

4.2 100% in value of the SIHPL Market Purchase Claimants present and voting in person or by proxy representing 99.9999398054% in value of the claims of all SIHPL Market Purchase Claimants present at the Meeting voted in favour of the Proposal,

and accordingly the Proposal was adopted by the SIHPL Market Purchase Claimants.

5 A proposal as contemplated in section 155 of the Companies Act will have been adopted by the creditors, or the members of a relevant class of creditors, if it is supported by a majority in number representing at least 75% in value of the creditors or class, as the case may be, present and voting in person or by proxy at a meeting called for that purpose.

6 As each Class of Scheme Creditors has adopted the Proposal by a majority in number representing not less than 75% in value of each Class of Scheme Creditors, present and voting in person or by proxy at the Meetings, the Proposal has been Adopted as defined in the Proposal and as contemplated by section 155 of the Companies Act.

Part B – NOTICE OF THE COMPANY'S SANCTION APPLICATION

1 Notice is hereby given that, in light of the fact that the Proposal was Adopted at the Meetings, SIHPL has issued its application to the Western Cape Division of the High Court of South Africa for an Order approving and sanctioning the Proposal in accordance with section 155 of the Companies Act (the " Sanction Application ").

2 Electronic copies of the papers filed by SIHPL in the Sanction Application are available at www.SteinhoffSettlement.com under the 'Case Documents' tab and on www.steinhoffinternational.com.

Part C – TRANSLATIONS OF THIS NOTICE

Eine übersetzte Version dieses Hinweises wird auf Anfrage auf deutsch zur Verfügung gestellt (e-mail: info@SteinhoffSettlement.com).
Een vertaalde versie van deze mededeling zal op verzoek beschikbaar worden gesteld in het Nederlands (e-mail: info@SteinhoffSettlement.com).
Une version traduite en français de cette notice sera fournie sur demande (e-mail: info@SteinhoffSettlement.com ).
Se pondrá a disposición de los interesados una versión de este Aviso traducida al español (e-mail: info@SteinhoffSettlement.com ).
Mediante pedido, será disponibilizada uma versão traduzida do presente Aviso em português (e-mail: info@SteinhoffSettlement.com ).
Una versione tradotta del presente Avviso verrà resa disponibile su richiesta in Italiano (e-mail: info@SteinhoffSettlement.com ).
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Pēc pieprasījuma tiks nodro&scaron;ināta &scaron;ī Paziņojuma tulkota versija latvie&scaron;u valodā (e-mail: info@SteinhoffSettlement.com ).
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Преведена версия на тази декларация при поискване ще бъде достъпна на български (e-mail: info@SteinhoffSettlement.com ).
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Prevedena različica tega obvestila je v sloven&scaron;čini na voljo na zahtevo (e-mail: info@SteinhoffSettlement.com ).
I&scaron;verstas &scaron;io prane&scaron;imo variantas pareikalavus bus pateiktas lietuvių kalba (e-mail: info@SteinhoffSettlement.com ).
Preložená verzia tohto vyhlásenia bude na požiadanie k dispozícii v slovenčine (e-mail: info@SteinhoffSettlement.com ).
Vid behov kommer en översatt version av detta meddelande att göras tillgänglig på svensk (e-mail: info@SteinhoffSettlement.com ).
Ennek az értesítésnek a lefordított változata kérésre elérhetővé válik magyar nyelven (e-mail: info@SteinhoffSettlement.com ).
Þýdd útgáfa af þessari tilkynningu verður fáanleg samkvæmt beiðni á íslensku (e-mail: info@SteinhoffSettlement.com ).
本通知的翻译版本将根据所需提供简体中文版本 (e-mail: info@SteinhoffSettlement.com ).
Toleo lililotafsiriwa la Notisi hii litatolewa endapo litaombwa katika kiswahili (e-mail: info@SteinhoffSettlement.com ).
(e-mail: info@SteinhoffSettlement.com) ستتم إتاحة نسخة مترجمة من هذا اإلشعار بـ اللغة العربيةعند الطلب
.(email: info@SteinhoffSettlement.com) גרסה מתורגמת של הודעה זו תהיה זמינה לפי בקשה ב עברית
&Eta; μετάφραση τη&sigmaf; παρούσα&sigmaf; &Gamma;νωστοποίηση&sigmaf; στα &Epsilon;λληνικά θα είναι διαθέσιμη κατόπιν αιτήματο&sigmaf; (e-mail: info@SteinhoffSettlement.com ).
Přeložená verze tohoto Oznámení bude na vyžádání k dispozici v če&scaron;tina (e-mail: info@SteinhoffSettlement.com).

SOURCE: Steinhoff International Holdings N.V.

View source version on accesswire.com:
https://www.accesswire.com/663699/Steinhoff-International-Holdings-NV-NOTICES-IN-TERMS-OF-SECTION-155-OF-THE-COMPANIES-ACT-71-OF-2008

BEDFORD, NS / ACCESSWIRE / September 13, 2021 / Silver Spruce Resources Inc. (TSXV:SSE)(FRA:S6Q1)("Silver Spruce" or the "Company") announced today that the Board of Directors has appointed Kevin Thieneman as Chairman of the Board of Directors effective September 10, 2021. Mr. Thieneman was appointed to the Board on April 28, 2020.

Mr. Thieneman was formerly the President of Caterpillar Inc. Forest Products Business Unit, and currently serves as Chairman for LiuGong North America and Vice President of Guangxi LiuGong Machinery Co. Ltd. ("LiuGong"). LiuGong is one of China's largest construction and mining equipment manufacturers with worldwide sales and operations. Mr. Thieneman is a global executive with decades of experience in turnarounds of manufacturing operations and end-to-end businesses, and with extensive on-the-ground experience in China and India. He previously chaired the U.S.-ASEAN Business Council infrastructure committee while leading delegations to Indonesia and Vietnam. He also served as Chairman of the Georgia Association of Manufacturers in 2017-2018. Mr. Thieneman earned a Juris Doctorate, with honors, from the Duke University School of Law. His previous experience includes working as a licensed attorney and Certified Public Accountant in the State of Illinois.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit, respectively. The Company is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce recently signed an LOI to acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located 15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., central Newfoundland. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:

Silver Spruce Resources Inc.

Michael Kinley, CEO and Director
(902) 402-0388
mkinley@silverspruceresources.com

info@silverspruceresources.com
www.silverspruceresources.com

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.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/663702/Silver-Spruce-Announces-New-Board-Chairman

There's no doubt that money can be made by owning shares of unprofitable businesses. By way of example, Latin Resources (ASX:LRS) has seen its share price rise 173% over the last year, delighting many shareholders. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

Given its strong share price performance, we think it's worthwhile for Latin Resources shareholders to consider whether its cash burn is concerning. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

Check out our latest analysis for Latin Resources

When Might Latin Resources Run Out Of Money?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In June 2021, Latin Resources had AU$2.8m in cash, and was debt-free. Looking at the last year, the company burnt through AU$3.8m. That means it had a cash runway of around 9 months as of June 2021. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. The image below shows how its cash balance has been changing over the last few years.

How Is Latin Resources' Cash Burn Changing Over Time?

While Latin Resources did record statutory revenue of AU$154k over the last year, it didn't have any revenue from operations. To us, that makes it a pre-revenue company, so we'll look to its cash burn trajectory as an assessment of its cash burn situation. Its cash burn positively exploded in the last year, up 262%. Given that sharp increase in spending, the company's cash runway will shrink rapidly as it depletes its cash reserves. Admittedly, we're a bit cautious of Latin Resources due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Latin Resources Raise More Cash Easily?

Since its cash burn is moving in the wrong direction, Latin Resources shareholders may wish to think ahead to when the company may need to raise more cash. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of AU$57m, Latin Resources' AU$3.8m in cash burn equates to about 6.6% of its market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

How Risky Is Latin Resources' Cash Burn Situation?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Latin Resources' cash burn relative to its market cap was relatively promising. Looking at the factors mentioned in this short report, we do think that its cash burn is a bit risky, and it does make us slightly nervous about the stock. Separately, we looked at different risks affecting the company and spotted 5 warning signs for Latin Resources (of which 3 can't be ignored!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies insiders are buying, and this list of stocks growth stocks (according to analyst forecasts)

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Vancouver, British Columbia–(Newsfile Corp. – September 10, 2021) – NORTEC MINERALS CORP. (TSXV: NVT) (the "Company" or "Nortec"): Further to the Company's news release of July 13, 2021, the Company advises that it has been unable to complete its previously disclosed non-brokered private placement. Consequently, Nortec was unable to renew the unpatented mining claims for the Cottonwood Uranium-Vanadium Project located in Garfield County, Southeast Utah, USA.

Nortec is currently evaluating new opportunities in the mining sector and will provide a further corporate update if and when such opportunities have materialized.

"Michael Malana"
Interim CEO, CFO and Director
P: (604) 561-2687

NORTEC MINERALS CORP.

About Nortec Minerals Corp.
Nortec is a mineral exploration company based in Vancouver, British Columbia. Nortec has a 17% interest in the Tammela Gold and Tammela Lithium projects in Southwest Finland. Detailed information on this project is posted on the Company's website www.nortecminerals.com.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release. This press release contains certain forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96175

Vancouver, British Columbia–(Newsfile Corp. – September 10, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has completed the first seven drill holes of the 2021 diamond drilling program at its Keymet Base Metal/Precious Metal Property. The 100% owned, 3,400 hectare property, located approximately 20 kilometres northwest of Bathurst, in northeastern New Brunswick, Canada, has excellent access with paved roads, including a provincial highway, transecting the property.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Great Atlantic" in the search box.

Cannot view this video? Visit:
http://www.investmentpitch.com/video/1_cf3cfkvg/Great-Atlantic-completes-first-7-holes-intersecting-base-metal-sulfides-in-semi-massive-sulfide-veins-in-New-Brunswick

The drilling program is testing numerous target areas of polymetallic veins, untested electromagnetic anomalies, gold bearing bedrock and float, in the northwest region of the property. Five of the seven holes intersected veins hosting copper, zinc and lead sulfide mineralization, including veins with semi-massive sulfides. Five of the seven holes intersected intervals with arsenopyrite mineralization in a region where previous work by the company identified gold mineralization associated with arsenopyrite mineralization. Analytical results are pending on the first seven holes.

The company is also conducting prospecting and rock/soil geochemical sampling during 2021 in the central region of the property with a focus on gold.

Great Atlantic diamond drilling during 2015, 2017 and 2018 at the Elmtree 12 polymetallic vein system within the northwest region intersected high grade silver, copper and zinc mineralization in veins within a north-south trending, sub-vertical system. Hole Ky-18-14 reported an intercept of 9.04% zinc, 9.18% copper, and 1,158 grams per tonne silver over a 3.0 meter core length. A previously discovered boulder from a float sample from 2011 returned 51 grams per tonne gold. Channel samples from a gold-bearing zone exposed in a 2012 trench averaged 1.09 grams per tonne gold over 11.78 meters.

High grade silver and lead is reported at the Elmtree Silver Mine historic workings by the New Brunswick Department of Energy and Resource Development. The Keymet Property hosts the historic Keymet Mine, located in the northwest region of the property. The Keymet Mine operated during the mid-1950s, producing copper, lead, zinc and silver before production was terminated in 1956 due to a fire at the site. Reported production at the Keymet Mine during 1954-1956 was 59,000 tonnes averaging 2.59% zinc, 2.44% lead, 0.25% copper and 33.94 g/t silver.

The historic Nigadoo River Mine is located approximately 4 km south of the Keymet Property, where massive sulfide veins were mined during the 1960s and 1970s with copper, lead, zinc and silver being produced. Production during 1967-1971 is reported as 1.126 million tonnes at 2.2% lead, 2.1% zinc, 0.24% copper and 92.57 g/t silver. Three gold deposits with reported mineral resources are located within adjacent mineral claims, approximately 2 kilometers southwest of the Keymet Property boundary.

Great Atlantic has no interest in these deposits, and management cautions that mineralization at these adjacent mineral claims is not necessarily indicative of mineralization on the Keymet Property.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

For more information, please visit the company's website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com. For Investor Relations contact Andrew Job at 416-628-1560 or IR@GreatAtlanticResources.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96105

VANCOUVER, BC, Sept. 10, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Nortec Minerals Corp.

TSX-Venture Symbol: NVT

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 9:34

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/September2021/10/c3613.html

VANCOUVER, BC, Sept. 10, 2021 /CNW/ – Trading resumes in:

Company: Nortec Minerals Corp.

TSX-Venture Symbol: NVT

All Issues: Yes

Resumption (ET): 8:00 AM 9/13/2021

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/September2021/10/c3223.html

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given this risk, we thought we'd take a look at whether Investigator Resources (ASX:IVR) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn.

View our latest analysis for Investigator Resources

When Might Investigator Resources Run Out Of Money?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. In December 2020, Investigator Resources had AU$14m in cash, and was debt-free. In the last year, its cash burn was AU$4.7m. Therefore, from December 2020 it had 2.9 years of cash runway. That's decent, giving the company a couple years to develop its business. Importantly, if we extrapolate recent cash burn trends, the cash runway would be noticeably longer. Depicted below, you can see how its cash holdings have changed over time.

How Is Investigator Resources' Cash Burn Changing Over Time?

In our view, Investigator Resources doesn't yet produce significant amounts of operating revenue, since it reported just AU$70k in the last twelve months. As a result, we think it's a bit early to focus on the revenue growth, so we'll limit ourselves to looking at how the cash burn is changing over time. In fact, it ramped its spending strongly over the last year, increasing cash burn by 179%. It's fair to say that sort of rate of increase cannot be maintained for very long, without putting pressure on the balance sheet. Investigator Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Investigator Resources Raise More Cash Easily?

Given its cash burn trajectory, Investigator Resources shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of AU$86m, Investigator Resources' AU$4.7m in cash burn equates to about 5.4% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About Investigator Resources' Cash Burn?

As you can probably tell by now, we're not too worried about Investigator Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. While we must concede that its increasing cash burn is a bit worrying, the other factors mentioned in this article provide great comfort when it comes to the cash burn. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. Separately, we looked at different risks affecting the company and spotted 5 warning signs for Investigator Resources (of which 2 are concerning!) you should know about.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

MONTREAL, Sept. 09, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to announce that the Board of Directors has approved the nomination of Mr. Jean des Rivières as a Director of the Corporation.

“It is a privilege to have Mr. des Rivières join our team. His diversified experience in the exploration and mining industries spanning over 35 years while working in more than 50 countries, makes him an ideal candidate for our Board. He most recently held the position of Vice President Metals Exploration at BHP and previously held managerial and technical positions at Rio Algom, BHP and Noranda. After a successful career, he recently joined the board of directors of First Majestic Silver Corp. and Montero Mining and Exploration Ltd. Mr. des Rivières holds a Bachelor of Science degree in Geology from Université du Québec à Montréal and a Master’s degree of Science in Geology from École Polytechnique de Montréal affiliated to the University of Montreal. We are thrilled to have Jean join Midland. The Corporation will benefit from his knowledge and skill sets in the years to come”, commented the President and CEO, Mr. Gino Roger.

Midland announces that it has granted incentive stock options to Mr. des Rivières to acquire 80,000 common shares at $0.75 per share, for a period of 10 years. These incentive stock options have been granted in accordance with Midland’s Stock Option Plan.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: www.midlandexploration.com

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 press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

BEDFORD, NS / ACCESSWIRE / September 9, 2021 / (TSXV:SSE) – Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") is pleased to announce the receipt of its report from Strategic Consultants IGIS, ("SCIGIS") based in Chihuahua, Mexico, providing a comprehensive interpretation of regional ASTER (Advanced Spaceborne Thermal Emission and Reflectance Radiometer) and LANDSAT 8 OLI (Operational Land Imager) data over three exploration properties comprising El Mezquite, Jackie and Diamante (see Figure 1).

Figure 1. El Mezquite, Diamante 1 and 2, and Jackie Concession Location Map. Nicho mine development by Minera Alamos located 6 km SE of Jackie (Image taken from Google Earth).

"We continue to build on the Sonoran project geotechnical database using advanced processing techniques for re-interpretation of available ASTER and LANDSAT 8 OLI imagery. The TLALI algorithm processing clearly illustrated its capabilities in mineral and anomaly identification with clarity of spatial response," said Greg Davison, Silver Spruce VP Exploration and Director. "We are compiling and interpreting the Shortwave Infrared ("SWIR") and Visible to Near-Infrared ("VNIR") hyperspectral data from El Mezquite and Jackie rock samples in concert with the ASTER/LANDSAT alteration fields for the next phase of drill target definition after recently completing our maiden drill program on EL Mezquite and Phase 2 geological and alteration mapping on Jackie. The SCIGIS maps also will be used for focusing and planning of the targeted geological mapping program at Diamante 1 and 2 in Q4 2021."

The SCIGIS study comprised a spectral reconnaissance of the Properties (Diamante 1, Diamante 2, El Mezquite, and Jackie) to understand the structural and lithological controls in a regional context and provide additional detail on the mineral-by-mineral distribution over each of the Properties. SCIGIS research covered an area of 6,500 hectares – the map area shown in Figure 2. The ASTER imagery was processed using the proprietary TLALI algorithm, which has shown significant success in optimizing and recognizing anomalies in a wide range of geological environments from several international projects.

A second run was carried out using LANDSAT 8 OLI imagery and focus on clay minerals, ferrous iron, and iron oxide species. The reporting included a complete set of shapefiles, index raster and RGB images, index reclassifications, and various digital elevation rasters with shading and lineament extraction in ArcGIS format.

Project Geology – Spectral Response

The El Mezquite and Diamante properties each exhibit features that manifest with excellent hyperspectral signatures and responses for a broad suite of oxide and silicate minerals. The remote spectral response distribution, particularly for Jackie, is limited by extensive vegetation. A historical study of ASTER imagery was performed in 2017 principally on the Diamante and El Mezquite properties and identified hyperspectral responses interpreted as supergene oxidation and argillization with propylitic areas, the latter mainly in less altered andesites.

Figures 2 and 3 illustrate examples of the Servicio Geológico Mexicano ("SGM") alteration and the recent LANDSAT 8 OLI interpretation for the three properties mainly for the Diamante and El Mezquite projects. Data available from the GEOINFOMEX SGM web portal displayed alteration with broadly circled areas of grouped minerals or styles. It is noteworthy that the Jackie property showed only minimal LANDSAT 8 OLI responses though the evidence from the current ground exploration successfully identified significant clay and oxide minerals proximal to the Au-Ag anomaly (see Press Releases – June 10^th and June 26^th, 2021).

El Mezquite – A white mica-dominant assemblage with lesser jarosite, kaolinite and iron oxides, distal zones containing chlorite, and intermittent areas of aluminous minerals locally linked to potential structural lineaments, were identified by the rock hyperspectral response. The LANDSAT 8 OLI TLALI maps illustrate northeast and northwest-trending clusters tied to surfaces exposure and topographic features including faults interpreted from the magnetic and 3D IP surveys. ASTER data documented, in Figures 3 and 4, the kaolinite, alunite and pyrophyllite group, with silica spatially associated with NW-trending lineaments and, in part, were targeted by the Phase 1 drilling. Additional targets to the south of the current drilling are interpreted from the TLALI alteration maps and the initial lineament analysis.

Jackie – The Phase 1 prospecting and Phase 2 mapping programs (see Press Releases – June 10^th and June 26^th 2021) identified a distinctive andesite ridge with intense oxidation, silicification, argillic alteration, and a notable vegetation-free zone. This location was confirmed by the ASTER and LANDSAT 8 interpretation though was limited to a focused area with ferric oxides, kaolinite, silica and chlorite-epidote-carbonate. The oxide and silicate alteration, was verified by aiSIRIS results of rock hyperspectral analysis, represented oxidized argillic zones with low grade or bleached metal values. Rock samples collected from the northern area of the ridge also displayed intense replacement by zeolite, kaolinite, alunite, montmorillonite, opaline silica, and muscovite and contained the bulk of the anomalous gold and silver values. None of this neighboring and significant alteration was recognized by ASTER and LANDSAT 8 OLI given the coverage by vegetation during the period of image collection. Compilation of the rock sample hyperspectral data is pending and requisite for advancing the alteration mapping of the Jackie property.

Figure 2. Distribution of clay and ferric oxide alteration from LANDSAT 8 OLI data focused around vein and disseminated mineralization targets, with outlined areas sourced from historical SGM database, on the Diamante and El Mezquite properties. Limited response on the Jackie property.

Diamante – Historical ground exploration on the Diamante 1 and 2 concessions identified mineralization accompanied by silicification, and phyllic, argillic, advanced argillic (quartz-alunite-pyrite) and propylitic (chlorite) zones, with overprinting by iron oxide and oxyhydroxide (hematite, goethite, and limonite) staining, jarosite and vuggy silica. The TLALI maps, shown in Figures 2 and 3 for the LANDSAT 8 OLI and combined LANDSAT/ASTER data, respectively, illustrate the spectral response for silicification and argillic alteration, including generic clay, alunite, pyrophyllite, kaolinite and silica, which are in part coincident with known artisanal vein workings and disseminated gold targets, such as the Southern Anomaly in Diamante 2. The areas of alteration require verification by surface exploration as part of the Phase 1 drill target definition program planned for Q4 2021.

Figure 3. Distribution of alunite, pyrophyllite, kaolinite and silica from ASTER and overprinting ferric oxide alteration from LANDSAT 8 OLI data focused on Diamante 2 and El Mezquite identifying potential targets of advanced argillization and silicification, with outlined areas sourced from historical SGM database, on shaded topography.

Figure 4. Distribution of alunite, pyrophyllite, kaolinite and silica from ASTER focused on Diamante 1 and El Mezquite identifying potential targets of advanced argillization and silicification, on shaded topography and regional geology, primarily the Tarahumara Formation (teal color), principal host to known mineralization.

Project Background

The 180-hectare ("ha") El Mezquite and 1,057-ha Diamante Concessions are drill-ready precious metal (Au-Ag) projects, located 10 and 5 kilometres respectively, from Tepoca and 165 km southeast of Hermosillo, Mexico. Diamante 1 is situated adjacent to the west of the El Mezquite project. Diamante 2 is located 700 metres south of Diamante 1. The grassroots 1,130-ha Jackie property is located less than two kilometres south of our El Mezquite and Diamante properties and directly adjacent to the west boundary of Minera Alamos' Santana project.

The Properties are well situated in logistics for exploration, adjacent to each other, and six to fifteen kilometres west and northwest of the Minera Alamos' Nicho deposit in mine development.

The Properties are easily accessible from Mexican Highway #16, which transects Diamante 1 and El Mezquite, ranch trails and dry riverbeds to Diamante 2, and dry riverbed access from the pueblo of La Quema, west of Highway #117 to Jackie. High voltage power lines positioned along with Highway #16.

The El Mezquite, Jackie, and Diamante projects are currently subject to option agreements with Colibri, wherein SSE can earn 50% of the gold and silver projects by meeting specific criteria over periods of two to four years. El Mezquite and Jackie concessions currently have hyperspectral assays pending detailed interpretation from 2021 mapping and prospecting programs, and the Company recently completed Phase 1 drilling at El Mezquite.

The Properties are located within the west-central portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending "Sonora Gold Belt" of northern Mexico and parallel to the well-known, precious metals-rich Mojave-Sonora Megashear.

Several nearby large operating mines include Alamos Gold's Los Mulatos gold mine and Agnico Eagle's La India gold mine located 50 and 58 kilometres to the northeast, respectively, Agnico's Pinos Altos Mine, 100 kilometres southeast and Argonaut's La Colorada Mine, 100 kilometres west. Exploration in the surrounding area is very active, with adjacent and nearby properties held by Evrim, Newmont, Garibaldi, Kootenay Silver, and Penoles.

Qualified Person

Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the El Mezquite, Jackie and Diamante Projects and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("N.I. 43-101"), under TSX guidelines.

About Strategic Consultants IGIS

Based in Chihuahua, Mexico, Strategic Consultants have been in mineral exploration for over 30 years, having GIS and Remote Sensing as powerful tools to search for mineral deposits. Strategic Consultants developed an innovative cloud-based algorithm capable of processing an ASTER image anywhere in the world, in a matter of minutes, yielding up to twenty-five spectral signatures representing the same amount of minerals, each in a separate ArcGIS shapefile. This procedure allows to establish types of alteration, a rock-mineral relationship or geological-mineral characteristic, and helps to select specific areas of interest and objectives. Major mining companies, such as Agnico-Eagle México and Redline Minerals Inc., have used the algorithm for exploration in brownfields and greenfields properties in México and the United States.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit, respectively. The Company is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce recently signed an LOI to acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located 15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., central Newfoundland. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:

Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO
(902) 826-1579
mkinley@silverspruceresources.com

info@silverspruceresources.com
ww.silverspruceresources.com

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.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources Inc.

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REE's EV platforms are designed to deliver significant operational & functional benefits and advance e-mobility

LONDON, Sept. 9, 2021 /PRNewswire/ — Based on its recent analysis of the global automotive EV platform market, Frost & Sullivan recognizes REE Automotive Ltd. (Nasdaq: "REE") with the 2021 Global EV Platform Company of the Year Award.

REEcorner™ technology packs critical vehicle components (e.g. steering, braking, suspension, powertrain and control) into a single compact module located between the chassis and the wheel, thus enabling fully-flat EV platforms. REE's modular EV platforms are designed to offer enhanced payload capacity by providing more room for carrying passengers, cargo and batteries and enhanced body design flexibility and autonomous capability. REE's EV platforms are built to provide significant value to original equipment manufacturers (OEMs) delivery and logistic companies, e-commerce retailers, Mobility-as-a-Service and new mobility players, with the goal of allowing them to introduce new EV models rapidly and at lower costs.

"Powered by x-by-wire technology, REE's corner module moves the vehicle's core functions into a compact area between the chassis and the wheel. It ensures improved steering, braking, suspension, and drive capability, with front, rear, and all-wheel drive options and comprehensive drive-by-wire, brake-by-wire, and steer-by-wire technology," said Benny Daniel, vice president at Frost & Sullivan.

REE's EV platforms based on the REEcorner technology are designed to enable greater vehicle design flexibility, lower maintenance costs, capability upgrades via over-the-air technology, and interoperability with sophisticated driver aid systems amongst other benefits. Moreover, the company is well-positioned to support sustainability initiatives with platforms geared to meet zero-emissions requirements.

The REE corner module design can power modular EVs with high load capacity including flexible battery packaging and sizing for transporting passengers and cargo. These benefits are geared to afford a low total cost of ownership, and shorter development time frames than traditional EV skateboard chassis designs. The platform's scalability makes it ideal for an extensive range of EV deployments, including commercial vehicles, mobility-as-a-service providers and last-mile and logistics companies.

"REE's disruptive technology is adaptable to a spectrum of target markets and applications. Its REE corner technology is designed to allow OEMs to create customized EV platforms while still reducing the time-to-market of new models," noted Norazah Bachok, Best Practices research analyst at Frost & Sullivan. "Overall, REE's delivery of advanced e-mobility services to customers through its modular and unique technology solidifies its leadership position within the corner modules industry."

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Bianca Torres
P: 1.210.477.8418
E: bianca.torres@frost.com

About REE Automotive Ltd.

About REE Automotive
REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE's mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners' existing production lines. REE's technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.
For more information visit: www.ree.auto

Media
Keren Shemesh
Chief Marketing Officer | REE Automotive
+972-54-5814333
media@ree.auto
Investor Relations

Limor Gruber
VP Investor Relations | REE Automotive
+972-50-5239233
investors@ree.auto
Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company's statements about the Company's strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE's control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE's future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE's ability to commercialize its strategic plan; REE's ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE's advanced prototypes into marketable products; REE's ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE's estimates of unit sales, expenses and profitability and underlying assumptions; REE's reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE's limited operating history; risks associated with plans for REE's initial commercial production; REE's dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE's ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE's ability to enforce, protect and maintain intellectual property rights; REE's ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in REE's final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the "SEC") on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

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SOURCE Frost & Sullivan

Montreal, Quebec–(Newsfile Corp. – 9 septembre 2021) – Ressources Minières Vanstar Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) (la « Société ») a le plaisir d'annoncer qu'elle commencera un programme de forage sur sa propriété Felix. Une foreuse arrivera sur le site cette semaine pour lancer un programme de forage de 2 000 m pour tester des cibles aurifères au sein d'une formation de fer identifiées par la géophysique.

Un levé de polarisation provoquée (PP) récemment réalisé sur la propriété Felix était concentré sur une partie à l'ouest de la propriété là où il y a une formation de fer rubanée plissée (figure 1). Plusieurs anomalies de chargeabilité et de résistivité ont été identifiées et elles sont coïncidentes aux conducteurs MEGATEM historiques. Par conséquent, la Société a conçu un programme de forage sur la propriété (figure 2) pour intercepter un certain nombre de conducteurs associés à un pli de la formation de fer.

Figure 1: Zone du levé PP sur la propriété Felix

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8185/95906_446adb0004f08b45_002full.jpg

Figure 2: Levé PP et sondages planifiés

To view an enhanced version of Figure 2, please visit:
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Nellligan

Le forage sur Nelligan se déroule bien et la partie du programme du forage de définition est maintenant terminée. Le forage sur l'extension ouest du gisement a commencé et se continuera vers l'ouest par incréments de 200 m pour vérifier l'extension de la zone de minéralisation connue. J.C. St-Amour, président et chef de la direction, a récemment visité la propriété et a déclaré: « Nous sommes heureux de voir le forage progresser selon la planification et de voir les efforts qu'IAMGOLD met dans le projet. Les échantillons de forage sont au laboratoire d'analyse et seront annoncés dès qu'ils seront disponibles.

St-Amour a été interviewé à partir de la carothèque, qui peut être vu en anglais ici https://youtu.be/YqvPspGNpts.

Cannot view this video? Visit:
https://www.youtube.com/watch?v=YqvPspGNpts

Frida et Eva

L'entreprise mobilise une équipe sur place pour mener un programme de prospection et d'échantillonnage sur les projets Frida et Eva. Les travaux devraient être commencez vers le 14 septembre.

À propos du projet Felix

Le projet Felix est situé dans un environnement d'origine volcanosédimentaire comprenant une unité de roche volcanique au nord, une autre au sud et la partie centrale est occupée par des roches sédimentaires. Des intrusions tardives sous forme de batholithes, de plutons ou de dykes sont également notées tout autour de la propriété. La propriété repose principalement sur les roches du Groupe de Chicobi. Le bassin sédimentaire contient des mudstones et des grès turbiditiques graphitiques, avec une formation mineure de fer rubanée magnétite-chert et hématite-jaspe et un conglomérat. Une importante formation de fer de type Algoma est présente dans la partie nord de la propriété. Les teneurs aurifères recoupées dans le forage historique sont situées près du contact sud de ce dernier. De plus, la faille régionale Chicobi-Nord traverse la partie nord de la propriété. Cette faille, de dimension régionale, borde le camp minier de Normétal au sud. Le projet est situé dans le prolongement est de ce camp minier où il y a d'anciennes mines de sulfures massifs et de nombreux indices d'or, comme ceux de l'ancienne mine d'or Perron sur lesquels Amex Exploration travaille activement. Des zones de cisaillement parallèles à la faille Chicobi-Nord se trouvent également dans les sédiments du Groupe de Chicobi comme en témoigne l'indice aurifère Authier situés à l'ouest de la propriété.

M. Gilles Laverdière, géologue-conseil et personne qualifiée en vertu du Règlement 43-101, a lu et approuvé le présent communiqué de presse.

À propos de Vanstar

Vanstar Mining Resources Inc. est une société d'exploration aurifère avec des propriétés dans le nord du Québec à différents stades de développement. La Société détient une participation de 25% dans le projet Nelligan (3,2 millions d'onces d'or inférées, NI 43-101 octobre 2019) et 1% NSR. Le projet Nelligan a remporté le prix « Découverte de l'année » lors du gala Xplor 2019 de l'Association d'exploration minière du Québec. Vanstar détient également 100% de la propriété Félix en développement dans le groupe de Chicobi (camp minier Abitibi, 65 km à l'est de la propriété Amex Perron) et 100% d'Amanda, une propriété de 7 306 ha située sur la formation Auclair avec des indices aurifères historiques titrant jusqu'à 12,1 g / t Au sur 3 mètres.

La Bourse de croissance TSX et son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent aucune responsabilité quant à la véracité ou l'exactitude de ce contenu.

SOURCE :

JC St-Amour
Président et PDG
+1 (647)-296-9871
jc@vanstarmining.com
www.vanstarmining.com

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