Agoracom Blog

VIDEO: Mercedes Self-Driving Car Will Open Up A World Of Possibilities Beyond Sleeping At The Wheel

Posted by AGORACOM at 10:42 PM on Tuesday, January 6th, 2015

If you thought self-driving cars were simply going to make your life easier by letting you sleep or chill behind the wheel, you need to start thinking way bigger.  How about:

  • Dropping you off at the front of a restaurant on a cold night, then going to park itself.
  • Swiveling chairs that let you and other passengers face each other while the car drives itself.
  • Letting you know how many tickets are available at a movie theater as you drive by.
  • Detecting pedestrians and telling them to “go ahead” while the car waits.
  • Allowing you to control functions such as temperature control with eye-tracking and gestures.
  • Travel 1,100 kilometers on a single charge
  • .,… and let you sleep during stop & go traffic

Here it is … and thank god it’ll be on the road by the time my kids can do any damage!

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KWG Receives Promising Search Report From Patent Authority, Negotiating Black Horse Terms

Posted by AGORACOM-JC at 3:16 PM on Tuesday, January 6th, 2015

TORONTO, ONTARIO–(Jan. 6, 2015) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) announces that it has received from the US Patent Office’s International Searching Authority the International Search Report in response to its application to patent a new process for the direct reduction of chromite utilizing natural gas, a carbon reductant, and a catalyst formulation. The Search Report indicates that the Searcher found the applicant’s claims are novel and that prior art does not teach or fairly suggest anything similar. The Report also indicates that the claims have industrial applicability as defined by PCT Article 33(4) because the subject matter can be made or used in industry.

“This is a major step forward in our prosecution of this patent application,” said KWG President Frank Smeenk. “We will now determine in which countries to seek patent protection of this process, beyond Canada and the United States of America. Our discussions and negotiations with chromite industry participants have helped us understand how and where this innovation might best be commercialized, as we have recently shared with Minister Rickford as he requested.”

The Company also announces that prior to December 30th, 2014 it proposed terms to Bold Ventures Inc. (“Bold”) for the further amendment of the agreement between them for the acquisition of the mineral rights in the Black Horse deposit. The Black Horse mineral rights may be acquired by Bold under an option agreement with Fancamp Exploration Ltd. Previously, Bold and KWG had extended to December 30, 2014, the deadline by which KWG must provide notice that it intends to make the $700,000 option payment due February 7, 2015 under the KWG/Bold Option Agreement and expend an aggregate of $8,000,000 on the property by March 31, 2015. KWG has to date incurred $5.8 million of the $8.0 million required expenditure and is proceeding with a prospectus offering of securities to fund the additional work.

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,842,468

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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BREAKING: Biggest Ever Construction Contract In Oman Set To Be Awarded To Build $2.5 Billion Omagine Project

Posted by AGORACOM at 10:54 AM on Tuesday, January 6th, 2015

BREAKING …. BREAKING …. BREAKING …. BREAKING

… Biggest Ever Construction Contract In Oman Set to Be Awarded

… Expected To Be ~ $2.5 Billion To Construct Omagine Project (OMAG:OTCQB)

… Construction Company Had $5.3 Billion In Revenue 2013 Is Also An Investor In The Project

READ FULL ARTICLE ON AGORACOM 

  • Omagine Real Estate Project ~ $2.5 Billion
  • OMAG:OTCQB Owns 60% Of The Project
  • OMAG:OTCQB Market Cap $40 Million
  • Project Partners Include Sultan (25%), Consolidated Constractors Construction (15%)
  • Project Expected To Generate 1,000 Jobs
  • BNP Paribas Expected To Be Signed To Raise Project Financing
  • Agreement Signed With Oman In Late 2014, Investors Now Discovering OMAG:OTCQB
  • 2015 Expected To Be Major Development Year

DISCOVER OMAGINE ASAP:  HUB  / PROFILE / FORUM

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FEATURE: Xylitol (XYL:TSX-V) Natural Sweetener Co with $2.2M in Revenue for Q3

Posted by AGORACOM-JC at 10:45 AM on Tuesday, January 6th, 2015

Financial Highlights

  • Revenues For the third quarter ended September 30, 2014 was $2.2M versus $1.4M for the same period last year.
  • Revenues for the nine months ended September 30, 2014 was $6.3M versus $3.9M for the same period last year.
  • For the twelve months ended December 31, 2013, sales increased by 87% to $6,508,998, compared to $3,473,053 for the twelve months ended December 31, 2012.

Marquee Customers Include:

Strong Institutional Ownership

  • Dundee Corp 29%
  • SunOpta BioProcess Inc. 26%

What is Xylitol you ask?

  • Xylitol is a sugar alcohol – and no, that doesn’t mean there’s alcohol in it. It’s also known as a polyol. Sugar alcohols contain fewer calories and fewer carbohydrates than other sweeteners. Replacing sugar with xylitol can be helpful if you’re trying to lose weight or even to help prevent weight gain.

What does xylitol taste like?

  • Xylitol is a white crystalline granule that looks and tastes like sugar. The good news is that it doesn’t have the negative side effects associated with sugar. Xylitol is low-calorie, low-carb, diabetic safe and we think it’s guilt free!

Where does your xylitol come from?

  • Xyla brand xylitol is extracted from North American grown hardwood trees, and it’s delicious. We believe the practices employed in the harvesting and processing of our xylitol are ecologically sustainable. Xylitol is also naturally occurring in many fruits and vegetables. Did you know the human body makes about 15 grams of xylitol per day?

Xylitol Canada, Inc. emerged in 2004 as a reseller and distributor of Xylitol and Xylitol products. Based in Toronto, Ontario, the company continued to grow and develop additional brands under the names Sweet Diabetic Delight and Xylitol Canada. Realizing the market potential for high quality, readily available, and consistently priced Xylitol and Xylitol products, the Company broadened its strategic vision in 2009.

Realizing that the void in the Xylitol market was based on inadequate supply and lack of awareness, the company initiated a 2-tier business expansion plan that sought to solve both of these problems. With the vision of a full scale North American Xylitol production facility as a critical element of this strategy, the Company reached out to the Capital markets and formally went public in April of 2010. With the capital base to aggressively address the marketplace, the company immediately began executing its business plan.

Xylitol In The Media

Daytime Toronto – Rogers TV (Aug 2013) – Julie Reid from Xylitol Canada appears with Mari Loewen from Anna Magazine to make some delicious recipes using North American hardwood derived Xyla xylitol.

Daytime Ottawa – Rogers TV (June 2013) – Xylitol Canada’s Julie Reid and naturopath Helene Huot discuss the benefits of Xyla xylitol and share great summer recipes using Xyla.

Is Sugar Toxic? – 60 Minutes (May 4th, 2013) – Sugar is the most addictive substance on earth. It’s also the most dangerous and toxic substance anyone can consume. Sugar has similar affects on the brain like cocaine. Heart disease, cancer, diabetes type II and many more are linked to processed sugar.

Sugary Drinks Linked To 180,000 Deaths Worldwide – CNN (March 19, 2013) – “One in every 100 deaths from obesity-related diseases is caused by drinking sugary beverages,” says study author Gitanjali Singh, a postdoctoral research fellow at the Harvard School of Public Health.

12 Month Stock Chart

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Newnote Financial Forms Wholly Owned Subsidiary in Australia

Posted by AGORACOM-JC at 9:07 AM on Tuesday, January 6th, 2015

Vancouver, British Columbia – Newnote Financial Corp. (the “Company”), (CSE: NEU; OTCQB: NWWTF; FSE: 1W4) is pleased to announce the Company has formed a wholly owned subsidiary in Australia with intent to launch the Puretradeâ„¢ digital currency exchange in that region.

The newly formed corporation, also called Newnote Financial Pty Ltd., will enable the parent Company to conduct business overseas and offer clients additional arbitrage opportunities. The Newnote team, along with our Australian partners are working to ensure AML/CTF policies and procedures meet or exceed the requirements set out by AUSTRAC, the organization created to oversee the compliance of Australian businesses and to protect the integrity of Australia’s financial system.

Australia has several well established payment gateway services available including POLi Payments, an Australian Post owned business. The payment gateways allow Australian residents and merchants to easily conduct business electronically while providing optimum security.

CEO & President of Newnote, Paul Dickson, reports: “The state of the digital currency business environment in Australia has been experiencing wider acceptance by financial institutions as businesses have complied with the rules and regulations required to properly operate within this space. The Australian Government has been proactive in setting guidelines on digital currencies that appear to be beneficial to companies and individuals interested in participating in the burgeoning digital currency sector.”

About Newnote Financial Corp.

Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.

Newnote Financial Contact Information

Paul Dickson

President, CEO & Director

Newnote Financial Corp.

CSE: NEU; OTCQB: NWWTF; FSE: 1W4

Suite 709-700 West Pender Street

Vancouver, BC V6C 1G8

Phone: 604-229-0480

Fax: 604-685-3833

web: www.newnote.com

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release.

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U.S. Navy Buys $81 Million Lithium-Iron Battery

Posted by AGORACOM-JC at 4:56 PM on Monday, January 5th, 2015

Energy storage technology just got a big boost courtesy of Uncle Sam’s Canoe Club, also known as the U.S. Navy.

The Naval Sea Systems Command awarded an $81 million contract to K2 Energy Solutions, a developer and manufacturer of lithium-iron phosphate battery technology based in Henderson, Nevada, to design an energy storage system capable of powering “a large modular capacitor bank for the electromagnetic railgun.”

The electromagnetic railgun has become one of the largest science and technology projects supported by the Office of Naval Research. The railgun uses electricity rather than gunpowder or rocket motors to hurl hypersonic projectiles over extremely long distances. The railgun can deliver a projectile at speeds greater than Mach 7. A projectile can strike a target located more than 200 nautical miles away from a warship in about six minutes.

The railgun is one of the crown jewels in the Navy’s directed energy program, which also includes several high-risk, high-payoff laser technologies.

Directed energy technologies have critical advantages over traditional guns, bombs and other kinetic weapons, including the ability to attack multiple targets with greater precision. The Navy is not the only branch of the military pursuing directed energy applications.

“Directed Energy Weapons are a critical game-changing technology for the Navy-Marine Corps Team TISI -3.05%,” said James Thomsen, Assistant Secretary of the Navy for Research, Development and Acquisition.

The ability to generate the massive pulse of electricity required by the railgun has been a critical barrier to mass deployment. The battery contract awarded to K2 Energy Solution suggests that this barrier has at least partially been cleared.

Lithium-iron phosphate batteries are one of many types of lithium-ion batteries available in the market today. They are rechargeable and are typically used for high power applications that demand flat discharge rates and stay relatively cool.

K2 Energy Solutions Inc Provider NAVSEA

The contract was awarded in July but the first order was not placed until today. The battery system is expected to be completed by 2016. Per the U.S Department of Defense’s press release announcing the award: “K2 Energy Solutions, Henderson, Nevada, is being awarded a ceiling-priced $81,400,000 firm-fixed price/cost-plus fixed-fee, basic ordering agreement for the fully self-contained battery intermediate energy store system required to power a large modular capacitor bank for the electromagnetic railgun.”

In addition to military applications, K2 Energy Solutions has developed both high energy and high power cell battery technologies for medical, industrial and utility applications. The company was not available to comment.

Read more: http://www.forbes.com/sites/williampentland/2015/01/05/u-s-navy-buys-81-million-lithium-iron-battery/

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AGORACOM Small Cap TV “Best Of The Best Year-End Wrap Up” – December 31, 2014

Posted by AGORACOM-JC at 12:38 PM on Wednesday, December 31st, 2014

AGORACOM Founder, George Tsiolis and Chief Market Commentator, Allan Barry Go Via Satellite for a year-end wrap up.

WHY IS JULY 11, 2013 SO IMPORTANT?

Allan and George have already put their viewers well ahead of the game by starting their weekly broadcasts on July 11, 2013 on the thesis that great small-cap companies were so oversold they could not be ignored. One look at the TSX Venture Index proves they hit the nail on the head … but that doesn’t come close to telling the whole story with most of their picks far outperforming an index bloated with zombie companies.

Find out which companies Allan and George like this week by watching the video below!

Want to catch up on previous shows?

Weekly “Best Of The Best” Summarizing The Best Picks From Our Daily Shows. Posted Every Friday Afternoon Watch Here

THIS WEEK’S SHOW SPONSORED BY THE FOLLOWING GREAT SMALL CAP COMPANY:


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Mazorro Announces Results of Meeting, Management Changes, and Effective Date of Name Change and Amalgamation

Posted by AGORACOM-JC at 8:40 AM on Wednesday, December 31st, 2014

OTTAWA, ONTARIO–(Dec. 31, 2014) – Mazorro Resources Inc. (the “Company“) (CSE:MZO) (FRANKFURT:JAM) is pleased to announce that the following matters were approved by the Company’s shareholders at the special meeting of shareholders held on December 29, 2014:

(i) a change of business from mineral resource exploration to the medical marijuana industry upon completion of the Company’s previously announced acquisition of GrowPros MMP Inc. (the “GrowPros Sub“) pursuant to a three-cornered amalgamation between the Company, its wholly-owned subsidiary 9048073 Canada Inc., and the GrowPros Sub (the “Amalgamation“);
(ii) a change of name to “GrowPros Cannabis Ventures Inc.” (the “Name Change“) upon completion of the Amalgamation; and
(iii) an amended fixed share option plan (the “Plan“), which increases the maximum number of common shares reserved for issuance under the Plan to 5,807,048, representing 10% of the number of issued and outstanding common shares of the Company upon completion of the Amalgamation.

The Amalgamation was previously approved by the shareholders of GrowPros Sub at a special meeting of its shareholders held on December 22, 2014.

The Company has now completed the necessary corporate filings and has received certificates of amalgamation and amendment confirming January 1, 2015 as the effective date of the Amalgamation and the Name Change (the “Effective Date“). The Company expects to begin trading on the Canadian Securities Exchange (the “CSE“) under its new name and new trading symbol “GCI” on or about January 5, 2015, subject to the filing of all required documentation with the CSE. The new CUSIP and ISIN numbers for the Company’s common shares will be 39985Y102 and CA39985Y1025.

As of the Effective Date, the issued and outstanding capital of the Company will consist of 58,070,487 common shares, 15,463,000 common share purchase warrants, 501,300 agent compensation options, and 1,225,000 stock options.

The Company is further pleased to confirm, as previously announced, that as of the Effective Date, Mr. Ryan Brown will join the Company’s board of directors and will be appointed as the Company’s new President and CEO and Mr. Sabino Di Paola will be appointed as the Company’s new CFO and Corporate Secretary. Mr. Brown will be replacing Mr. Léo Côté, who will be resigning from the Company’s board of directors, and Messrs. Brown and Di Paola will assume the senior officer roles currently held by Mr. André Audet who will remain on the board of directors as Chairman but will resign as the Company’s Interim President, CEO, and CFO.

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than 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 regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company to complete the Amalgamation and Change of Business, failure to obtain sufficient financing, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. 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.

Andre Audet
Director
Phone: (613) 241-2332

Start your small cap medical marijuana research in the AGORACOM Small Cap 
Medical Marijuana Stocks Gateway: 
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks

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St. Georges New Nickel Discovery on the Julie Project in Quebec; Best Results Includes 2.07% Nickel Over 3.62 Meters

Posted by AGORACOM-JC at 11:43 AM on Monday, December 29th, 2014

Baie-Comeau, Quebec / December 29, 2014 / St-Georges Platinum and Base Metals Ltd. (OTCQX: SXOOF) (CNSX: SX) (BSE: 85G1) today confirmed the presence of a significant zone of Nickel-Copper-Cobalt mineralization on its wholly-owned Julie project located on the Quebec North Shore. Initial results received from Agat Laboratories from the latest surface exploration campaign yielded some noticeable nickel grade intervals from channel samples, drill core and blast samples.

A surface area measuring 70 metres by 56 metres referred to as “T1 Zone” is the focus of this news release. All of the initial results provided in the table below are from this zone. The ultramafic intrusive suite that hosts the new discovery can be traced along a magnetic conductor identified in 2011, which runs for approximately 13 kilometres in a WSW to ENE trend. At this point, it appears that the mineralized zone remains open in all directions.

The table below outlines the initial and partial results from a 17.26 metre channel that was taken along the identified magnetic conductor on the T1 Zone at a 45? angle:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Channel 1 0 8.49 8.49 1.71 0.271 0.0347
including 0 3.62 3.62 2.07 0.31 0.04

* Reported channel cuts sections are not true widths. An apparent surface width of 15 metres can be calculated, but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space. The starting point of the channel cut was located at N49? 57.463′ W69? 27.045′ and cut at a 45? angle in relation with the mineralized body.

Results from a portable drill hole are also available. The hole was drilled from surface to the shallow depth of 0.52 metres at a 90? angle and the entire core was assayed. The drill hole was located at N49? 57.467′ W69? 27.046′.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Hole #1 0 0.52 0.52 1.70 0.29 0.04

Finally, results from a representative 10.2 kg sample cut from a 81.42 kg blast sample block taken 18.6 metres away to the S-E of the T1-Channel-1’s starting location was also sent to the labs. The location of that sample was at N49? 57.454′ W69? 27.045′

Weight Nickel Copper Cobalt
(Kilogram) (%) (%) (%)
Blast Sample 8749 10.2 1.68 0.301 0.0345

Additional channel and portable drill core samples are expected to be received from Agat Laboratories by the end of January and will be released as they are made available. Maps and diagrams should be available in the coming days on the new company web site.

Quality Control

Mr. Joel Scodnick (P.Geo.), Vice-President Exploration of the Company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Scodnick has supervised the work programs on the Julie Project, examined the samples summarized in this release, discussed, reviewed the results with the Company’s geological staff and reviewed the available analytical and quality control results.

Channel cuts samples and drill core samples were transported in sealed bags from Baie-Comeau to a warehouse facility in Montreal. There they have been opened, washed, photographed again, logged, resealed and transported to Agat Laboratories in Dorval, Quebec. Agat Laboratories transported the samples to their analytical facilities in Mississauga, Ontario. Base metal analyses were initially obtained via ICP-AES Aqua Regia and 4 Acid digestion. The two digestion methods show good correlation. Nickel values in excess of 10,000 ppm were reanalyzed using a sodium peroxide fusion followed by ICP-AES finish.
ON BEHALF OF THE BOARD OF DIRECTORS

Mark Billings

Mark Billings, Chairman of the Board and Director

[email protected]

Tel: 514-296-1641

About St-Georges

St-Georges is a PGE & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX, and it’s shares are traded in the United States under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its flagship project is the Julie Nickel & Copper Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau. For additional information, please visit our website at www.stgeorgesplatinum.com.

Forward-looking Statement:

This document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

The Canadian Stock Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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Uragold Buys Back 3.5% NSR Gold Royalty of the Beauce Placer Gold Project

Posted by AGORACOM-JC at 10:08 AM on Wednesday, December 24th, 2014

Montreal, Quebec / December 24 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that that it has purchased the remaining 3.5% net smelter royalty (NSR) over the Rang Chaussegros section of the Beauce Placer Gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec.

Announced in January 2010 as part of a purchase agreement with a private vendor for the original Beauce Placer project, a 3.5% NSR was payable once Uragold was in production on the Rang Chaussegros section of the project. As a result of series of discussions between involved parties, a new agreement was reached whereby Uragold can purchase the remaining 3.5% NSR for a cash payment of $50,000.

Patrick Levasseur, President and COO of Uragold stated, “The Rang Chaussegros now royalty free, this will greatly enhance the financial dynamics of the project increasing its profile to financiers and other stake holders.”

Uragold is working to secure a non-dilutive financing required to complete a 9,000 cubic meters (m3) of auriferous till pilot-scale operation (Phase 1). The pilot-scale operation is needed to allow the corporation to establish a statistical distribution model for the nugget effect on the gold grade of the buried placer channel. This step is required for the establishment of a higher-level resource category needed to complete the Feasibility Study (“FS”) requirement of Quebec’s the new Mining Act.

As previously mentioned, Quebec’s Ministry of Natural Resources will grant Uragold a “conditional” Mining Lease over the Rang Chaussegros to complete Phase 1 once an Internal Preliminary Economic Assessment (PEA) and an approved Closure Plan is submitted. UBR will be authorized to start full-scale production (Phase 2) once a completed Feasibility Study (“FS”) is submitted.

Private Placement

Uragold is pleased to announce that it has closed a non-brokered private placement, which is comprised of 10,835,000 units (“Unit”) at $0.05 per Unit for gross proceeds of $541,750. Insider participation in this placement accounts for 40% of the total amount subscribed. The net proceeds from the Private Placement will be used to pay for the Royalty purchase, general corporate expenditures and to enhance the Company’s balance sheet.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.07 during a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals.

Mr. Levasseur added, “Weak financial markets in the mining and exploration sectors have made external funding efforts challenging, but with this private placement, insiders are demonstrating their belief that 2015 will be an exciting year for Uragold as we continue to develop Quebec Quartz’s exciting high purity quartz projects while developing two gold mines in the Beauce region of Quebec.”

Other Corporate subject:

Further to the November 5, 2014 Uragold press release an outstanding debt of $14,125 was extinguished by the issuance of 282,500 common shares at a deemed price of $0.05 per share.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

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