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CLIENT FEATURE: VirtualArmor (VAI: CSE) With Huge Annual & Quarterly Revenue Growth $VAI.ca

Posted by AGORACOM-JC at 11:19 AM on Thursday, May 26th, 2016

Hublogolarge

(VAI: CSE), (3V3: Frankfurt)

Highlights

 

  • 2015 Revenues $USD 7.36M, Up 53% Over Previous
  • Q4 2015 Revenue $USD 2.49M, Up 101% Over Previous
  • Real Customers

The Opportunity

  • 44% of security leaders expect a major cloud provider to suffer a significant security breach
  • 83% Of enterprises have difficulty finding the security skills they need
  • 3.8 Million Average cost of a data breach in 2015(Ponemon Institute May 2015)
  • #1 CIO priority in 2015 is security (Piper Jaffray CIO Survey)
  • $75 Billion Projected global spend on data security in 2015 (Gartner)
  • 75% of Of IT leaders planned to increase security budgets in 2015(Piper Jaffray CIO Survey)

Recent Interview

Stock Chart

Hub On AGORACOM / Corporate Profile

FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K Inferred, Teck Resources To Spend $12 MILLION To Earn 70% $EXS.ca

Posted by AGORACOM-JC at 4:32 PM on Wednesday, May 25th, 2016

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 2.5 KM From Lake Shore Gold Mine
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • Diamond Drilling winter 2015/2016

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

12 Month Stock Chart

Nevada Energy Metals Announces Approval for Listing in Mergent Manual and News Reports(tm) $BFF.ca

Posted by AGORACOM-JC at 9:19 AM on Tuesday, May 24th, 2016

Bff_hub-2_copy

  • Company has been approved by Mergent’s Editorial Board and will remain “Blue-Skyed” with a new listing in Mergent Manuals and News Reports
  • Corporate profile, which includes descriptive text, data, news and financial statements, will be accessible through Mergent’s online and print products

May 24, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that the Company has been approved by Mergent’s Editorial Board and will remain “Blue-Skyed” with a new listing in Mergent Manuals and News Reports(TM). Nevada Energy Metals’ corporate profile, which includes descriptive text, data, news and financial statements, will be accessible through Mergent’s online and print products.

As part of Mergent’s listing services, the new description will be highlighted separately on www.mergent.com with an active hyperlink back to Nevada Energy Metals’ website.

The Mergent Industrial Manual and News Reports(TM) is a recognized securities manual in 39 states for purposes of Blue Sky Manual Exemption. First published in 1918, and formerly known as Moody’s(TM) Manuals and News Reports, the publication was rebranded as Mergent Manuals and News Reports when Mergent, Inc. acquired Moody’s(TM) Financial Information Services division in 1998. Nevada Energy Metals’ listing will aid in opening the company up to a much broader investment base. However, it is recommended that brokers confirm with their compliance/legal department concerning “Blue Sky” laws in specific states and other regulatory laws that might affect them.

About Mergent, Inc.

Mergent, Inc. is a leading provider of business and financial data on global publicly listed

companies. Based in the U.S, Mergent maintains a strong global presence, with offices in New York, Charlotte, San Diego, London, Tokyo, Kuching and Melbourne. Mergent operates one the longest continuously databases of descriptive and fundamental information as well as pricing and corporate action data on domestic and international companies, together with terms and conditions data on corporate and municipal bonds. Mergent subsidiaries provide services in independent equity research and administration tools for portfolio building and measurement.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well-funded Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 87 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a highly prospective lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation lake where a phase one, 27 hole shallow auger exploration program has been completed and results are pending. Recently, the Company announced the addition of the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada. The Company’s first lithium project, Alkali Lake, in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium has been confirmed. The Company’s most recent acquisition is 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada.

On Behalf of the Board of Directors

Rick Wilson

President & CEO

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.

Omagine In Talks With Chinese Contractors For Oman Project $OMAG.us

Posted by AGORACOM-JC at 6:59 PM on Sunday, May 22nd, 2016

 Omag

An artistic rendition of the $2.5bn Omagine Project (Source: omagine.com)

  • In view of the current weak economic conditions in the GCC region due to the slump in oil prices, Omagine LLC, which plans to develop a US$2.5bn beach-front real-estate and tourism project in Oman, said it is in discussions with two leading Chinese contractors for construction of the project
By Gulam Ali Khan
May 21, 2016
Muscat –

In view of the current weak economic conditions in the GCC region due to the slump in oil prices, Omagine LLC, which plans to develop a US$2.5bn beach-front real-estate and tourism project in Oman, said it is in discussions with two leading Chinese contractors for construction of the project.

In a quarterly report submitted to the US Securities and Exchange Commission (SEC) last week, Omagine LLC’s US-based parent Omagine Inc said that since December 2015 Omagine LLC held multiple meetings with Consolidated Contractors International Co (CCIC), CCC-Oman and Royal Court Affairs (RCA) in an effort to conclude the foregoing arrangements and sign the CCC contract for the project. CCC-Oman is a subsidiary of CCIC.

“All parties are willing but the reality of the current economic scene and the effect it is having on bank liquidity and therefore on future requirements that Omagine LLC will have for construction financing was well recognised by all Omagine LLC shareholders,” Omagine Inc said.

It said that extensive financial negotiations and legal re-drafting of multiple versions of the CCC contract and the amended and restated shareholder agreement have taken place since December 2015.

Given the present liquidity issues at local banks, Omagine Inc said the matter of project construction debt financing is an issue that now moved to the forefront of the agendas of all concerned.

Furthermore, as an exercise in caution, the company said Omagine LLC’s management in February travelled to Beijing and Hong Kong where they held discussions with top executives of two of China’s leading building contractors – each of which is multiple times the size of CCIC.

“These discussions are well advanced at present and negotiations with the larger of the two Chinese contractors are at an advanced stage,” Omagine Inc added.

It said that the proposal being discussed with each of such Chinese contractor is identical and includes a requirement for the award of the Omagine Project construction contract to the Chinese contractor (as a sub-contractor to CCC-Oman) if, and only if, both of the following conditions are fulfilled: (i) an investment into Omagine LLC by the contractor (or its parent company), and (ii) the Chinese contractor (or its parent company) must arrange for the project finance for Omagine Project.

Omagine Inc added the Chinese banks have no such liquidity issue and they are moreover encouraged and directed by Chinese government to support their overseas Chinese contractors in this manner.

“Management is presently cautiously optimistic that it can arrange a transaction involving both CCIC and one of the Chinese contractors which will be beneficial to all parties concerned. No assurance however can be given at this time that management will be successful in this endeavor,” it said.

Omagine Inc added an agreement has been reached with CCIC regarding a new structure of the CCC contract whereby CCC-Oman would be the general contractor and managing contractor (but not necessarily the actual builder) and would oversee and manage the Chinese sub-contractor and CCIC would be paid a fixed fee for this.

“The descriptions of the draft CCC contract as previously disclosed during 2015 are no longer accurate or operative as we have now agreed to a management type general contractor agreement with CCC-Oman based on a flat fee,” the company added.

Omagine said it has held extensive presentations and meetings with local, regional and international banks with respect to the provision of syndicated bank financing, adding “thesediscussions and negotiations are ongoing with Chinese and US-based banks since the onset of the liquidity squeeze in GCC banks.”

Read more: http://www.muscatdaily.com/Archive/Business/Omagine-in-talks-with-Chinese-contractors-for-Oman-project-4pob#ixzz49QZCoxAO

Early Warning Report Issued Pursuant to National Instrument 62-103 in Respect of the Acquisition of Securities of Fairmont Resources Inc. $FMR.ca

Posted by AGORACOM-JC at 1:18 PM on Friday, May 20th, 2016

Logo

  • Douglas Eickmeier, a shareholder of Fairmont Resources Inc. (TSX VENTURE:FMR)  announces that he owns, directly and indirectly, 2,537,500 common shares of the Company, representing 11.18% of the issued and outstanding common shares of the Company
  • From April 25, 2016 to May 6, 2016, Mr. Eickmeier acquired, directly and indirectly, a total of 382,000 common shares of the Company at a total cost of $30,815.00 through on-market purchases on the TSX Venture Exchange

TORONTO, ONTARIO–(May 20, 2016) – Douglas Eickmeier, a shareholder of Fairmont Resources Inc. (TSX VENTURE:FMR) (the “Company”), announces that he owns, directly and indirectly, 2,537,500 common shares of the Company, representing 11.18% of the issued and outstanding common shares of the Company.

From April 25, 2016 to May 6, 2016, Mr. Eickmeier acquired, directly and indirectly, a total of 382,000 common shares of the Company at a total cost of $30,815.00 through on-market purchases on the TSX Venture Exchange. Immediately prior to the completion of the transactions, Mr. Eickmeier owned 2,255,500 common shares of the Company, representing 9.94% of the issued and outstanding common shares of the Company. Immediately after completion of the transactions, Mr. Eickmeier owned 2,537,500 common shares of the Company, representing 11.18% of the issued and outstanding common shares of the Company.

The acquisition by Mr. Eickmeier of the common shares of the Company was made for investment purposes. Mr. Eickmeier may increase or reduce its investment in the Company according to market conditions or other relevant factors.

For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws, please see the Company’s profile on the SEDAR website www.sedar.com.

For further information and to obtain a copy of the early warning report, please contact the below.

Contact Information

Douglas Eickmeier
21 Mason Boulevard
Toronto, ON, M5M 3C6
Tel: (416) 488-2023

AGORACOM Welcomes VirtualArmor (VAI: CSE) With 2015 Revenues of $USD 7.36M, Up 53% Over Previous $VAI.ca

Posted by AGORACOM-JC at 8:44 AM on Thursday, May 19th, 2016

  • 2015 Revenues $USD 7.36M, Up 53% Over Previous
  • Q4 2015 Revenue $USD 2.49M, Up 101% Over Previous
  • Real Customers

DISCOVER VIRTUALARMOR $VAI:CNX RIGHT NOW BEFORE EVERYONE ELSE DOES

The Opportunity

  • 44% of security leaders expect a major cloud provider to suffer a significant security breach
  • 83% Of enterprises have difficulty finding the security skills they need
  • 3.8 Million Average cost of a data breach in 2015(Ponemon Institute May 2015)
  • #1 CIO priority in 2015 is security (Piper Jaffray CIO Survey)
  • $75 Billion Projected global spend on data security in 2015 (Gartner)
  • 75% of Of IT leaders planned to increase security budgets in 2015(Piper Jaffray CIO Survey)

A pre-built, pre-validated path to private cloud infrastructure powered by NFV.

  • Network function virtualization (NFV) has emerged as the key to bringing automation and greater agility to service provider and enterprise clouds.
  • VirtualArmor has created a proven, accelerated path to turnkey private cloud infrastructure through a pre-built, pre-validated solution.

What’s the Advantage?

  • A pre-validated, pre-built private cloud stack
  • Based on recommended architecture
  • Built on top of networking, storage, computer and security brands.
  • Ready to demo, sell and deploy—customized to enterprise needs

 

Datacenter Solutions

  • VirtualArmor works with Juniper Networks to provide high-performance datacenter networks and architectures that work

Cloud Security Solutions

  • How many cloud applications are in use in your environment? Is sensitive data being moved into non-sanctioned cloud applications?

Routing and Switching

  • General connectivity and networking services have become critical in today’s business world, with information and resources required to

Visibility

  • Security products and practices are only the first part of overall, comprehensive security. Network- and security-related devices can produce

Security Intelligence Solutions

  • One key to effective information security is visibility—who is accessing what, when and where; knowing what is normal behavior and identifying

Virtualization Solutions

  • Network function virtualization (NFV) technologies are enabling service providers and enterprises to deliver new services faster on a simpler…

Mobility

  • Secure access to enterprise resources from anywhere, anytime is a requirement for organizations of all sizes. This leads to the challenge of

Security

  • As enterprises continue to expand their information footprint, the traditional security “perimeter” has dissolved. Information needs to be

Team

Hub On AGORACOM / Corporate Profile / Read Release

Michael Dehn, President and CEO of Fairmont Resources explains how he unlocks value and can generate cash flow from granite $FMR.ca

Posted by AGORACOM-JC at 1:51 PM on Tuesday, May 17th, 2016
Guest, Michael Dehn, President and CEO of Fairmont Resources explains how he unlocks value and can generate cash flow from granite

Explor Announces Kidd Township Property Diamond Drilling Program $EXS.ca

Posted by AGORACOM-JC at 9:01 AM on Tuesday, May 17th, 2016

Exs_logo

  • Announced the commencement of a Diamond Drilling Program on the Kidd Township Property
  • Most obvious topographical feature in the area is the Glencore Kidd Creek open pit mine, located in the central portion of Explor’s Kidd Township group of Properties
  • Plans a geophysical program consisting of mag and max/min to better define the targets followed by a 3000 meter diamond drill program

ROUYN-NORANDA, QUEBEC–(May 17, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the commencement of a Diamond Drilling Program on the Kidd Township Property. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Glencore Kidd Creek Mine, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that cover an area of approximately 2,740.5 hectares. The most obvious topographical feature in the area is the Glencore Kidd Creek open pit mine, located in the central portion of Explor’s Kidd Township group of Properties. Explor plans a geophysical program consisting of mag and max/min to better define the targets followed by a 3000 meter diamond drill program.

The property is located in a Greenstone Belt composed mainly of sequences of Meta-Volcanic rocks cut by faults and deformation zones that lie in a NW-SE direction. There are many suites of Mafic Volcanic rocks as well. Excellent access to the property is provided by Hwy 655.

Exploration drilling completed by Explor to date has revealed a Major Fault Structure running to the west of the Glencore Kidd Creek Mine in a NW-SE direction. A thorough review of all existing geophysical data appears to support these findings. Drilling by Falconbridge in 1998 to the southeast of the Glencore Kidd Creek Mine (Hole # K26-01) returned 4.7m in which 4 of the 5 samples returned Zinc values from 4200 – 8900 ppm and Copper values that ranged from 700 – 2280 ppm. The Magnetic Anomaly associated with these results appears to continue onto Explor’s property holdings. A series of untested AEM (Airborne Electromagnetic) conductors detected on the Kidd Township Property to the west, south and southeast of the existing Kidd Creek Mine clearly warrant further investigation.

Some of the EM (Electromagnetic) targets occur along magnetic boundaries suggestive of Rhyolite/Basalt contacts. The Glencore Kidd Creek Mine located to the South-west of the property has produced 152,600,000 tonnes of Base Metal Ore (Cu-Zn-Pb-Ag) since it began production in 1966.

Explor believes in the “Cluster Effect of VMS (Volcanogenic Massive Sulfide) Deposits”. Well known examples of the cluster effect of VMS Deposits are the Bathurst Mining Camp where 47 deposits have been found to date, including the Brunswick No.12 and the Brunswick No.6 Mines where more than 130,000,000 tonnes of Base Metal Ore has been produced to date; and the Noranda Mining Camp where 18 deposits have been found to date, with 68,100,000 tons of Base Metal Production from the Horne Mine and Quemont Deposits alone. The presence of Mafic and Felsic rocks on the Kidd Township Properties with anomalous zinc and copper supports the opinion that additional VMS Deposits exist in the immediate vicinity of the Glencore Kidd Creek Mine.

Chris Dupont, P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources invites investors to visit our booth at the following conference:

Booth #P28 (Pavilion) at the Big Event, Canadian Mining Expo in Timmins, Ontario, held at the McIntyre Community Centre from June 1 to June 2, 2016.

The management team at Explor Resources Inc. looks forward to having you join us.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Christian Dupont
President
888-997-4630 or 819-797-4630
819-797-6050
[email protected]
www.explorresources.com

Mobile Devices Drive 816,000 Small-Cap Visits To AGORACOM In 2015

Posted by AGORACOM at 8:10 AM on Friday, May 13th, 2016

Good morning to you all.  From the “I love traffic data” department, I’m happy to provide you with mobile data traffic to AGORACOM for the full year 2015  Here is a snapshot of the overall data, followed by my comments:

AgoracomMobileVisits2015

USAGE HIGHLIGHTS:

  • All comparisons above are to 2014 – and man is mobile skyrocketing. That is a 8.5% increase vs. 2014.
  • Mobile devices accounted for just under 21% of all visits to AGORACOM in 2015.
  • 8.22 pages per visit – an increase of 22.92%tells me that investors have moved beyond basic skimming from their mobile devices and are relying on them as much as their PC’s and laptops.  The entire site average for 2014 was 6.69 pages per visit.
  • Average duration per visit, however, is far below non-mobile access to the site.  We’re going to fix that, see below.

DEVICE HIGHLIGHTS:

Apple is dominating Android devices.  by 2.5:1 … that’s surprising.  Second, despite the explosion in tablet devices, access from the actual phones themselves still dominates the device of choice for accessing AGORACOM.  Third, I’m not surprised at the Blackberry numbers – but very surprised at the Windows numbers.

Here are the numbers:

  • 1st – Apple accounted for 63% of all mobile visits to AGORACOM in 2015, broken down as follows:
    • iPhone 508,165;
    • iPod 2,487;
  • 2nd – Android 25.32%
  • 3rd – Blackberry 7.26%
  • 4th - Windows 6.32%

CONCLUSIONS

As a result of what we’re seeing above, we’ve concluded that the best course of action in our mobile strategy is to go away from updating our App and focus on a mobile friendly version of AGORACOM.  Clearly, we have to give mobile users a better experience to extend their visit duration.  Look for this change to be implemented by end of Q3 of this year.

 

 

American Creek’s JV Partner Begins Trading on TSX Venture Exchange $AMK.ca $TUD.ca

Posted by AGORACOM-JC at 9:40 AM on Thursday, May 12th, 2016

AMK: TSX-V, ACKRF: OTC Pink

  • Announce that Tudor Gold Corp. (“Tudor”), American Creek’s new joint venture partner on both the Treaty Creek and Electrum projects is now trading on the TSX-V under the symbol “TUD”.
  • Entered into two separate JV agreements with Tudor (as announced yesterday) and will receive shares of Tudor as consideration in both agreements.

CARDSTON, ALBERTA–(May 12, 2016) – American Creek Resources Ltd. (“American Creek“) (TSX VENTURE:AMK) is pleased to announce that Tudor Gold Corp. (“Tudor”), American Creek’s new joint venture partner on both the Treaty Creek and Electrum projects is now trading on the TSX-V under the symbol “TUD”.

American Creek entered into two separate JV agreements with Tudor (as announced yesterday) and will receive shares of Tudor as consideration in both agreements. The terms of the two agreements are summarized below:

Pursuant to the first agreement, American Creek will sell an undivided 60% interest in its Electrum property located in NW British Columbia in consideration for 1,000,000 Tudor shares and the payment of $500,000 cash on receipt of all regulatory approvals. Tudor has also agreed to invest $250,000 into American Creek pursuant to a private placement at a price of the greater of $0.08 per share or the discounted market price as defined by Exchange policy. A 60/40 joint venture will be formed and Tudor will be operator of the project.

Pursuant to the second agreement, American Creek will sell an undivided 31% interest in its Treaty Creek property to Tudor in consideration for 500,000 Tudor shares. Tudor has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016. A joint venture has been formed with Tudor holding a 60% interest and each of American Creek and Teuton Resources Corp. (“Teuton”) holding a 20% interest in the joint venture. However, both American Creek’s and Teuton’s 20% interests are fully carried during the exploration period until a production notice is given. Thereafter, each will be responsible for 20% of the costs under and subject to the terms of the joint venture.

American Creek wishes to further define and clarify the term “fully carried” as it pertains to the Treaty Creek Project JV Agreement. “Fully carried” means that American Creek will not have to expend exploration funds to advance the Treaty Creek project through the exploration phase up until the point that a production notice is given by the operator. This means that American Creek will not need to raise exploration capital for the project and therefore will not need to suffer further dilution related to the exploration advancement of the project.

Tudor is arm’s length to American Creek. These transactions are subject to TSX-V approval.

Darren Blaney, President & CEO, stated: “We are pleased that Tudor Gold Corp. has received regulatory approval to begin trading. With Walter Storm’s past track record of success, in particular with Osisko Mining Corp., we have the utmost confidence in both his ability and vision for the advancement of the Treaty Creek and Electrum properties. We are very much looking forward to working together.

The Electrum property is located in the “Golden Triangle” of NW British Columbia and encompasses the historic past producing East Gold Mine. The property is road accessible and is only 45 km from recently upgraded concentrate shipping port facilities located in Stewart. The East Gold Mine produced extremely high grades of gold, silver and electrum in the past.

The Treaty Creek property is also located in the “Golden Triangle” immediately adjacent to Seabridge’s KSM project and near Pretivm’s Snowfield/Valley of the Kings deposits. The Treaty Creek property lies within the same broad hydrothermal system that generated the several deposits on the Seabridge and Pretivm properties that lie south of the Treaty Creek claims.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada. Further information relating to American Creek is available on its website at www.americancreek.com.

Information related to the Corporation can also be found on the American Creek investor hub profile page at www.agoracom.com.

Darren Blaney, CEO & Director

This press release was prepared by management who takes full responsibility for its contents. 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.

Cautionary Statements

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company’s profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040