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St-Georges Partners with Active Growth to Explore Lepidolite & Muscovite Pegmatites – Jointly Acquire 9 Past Producing Projects $SX.ca

Posted by AGORACOM-JC at 2:19 PM on Thursday, April 28th, 2016

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  • Announced that it has entered into a definitive agreement with Active Growth Capital (TSX-V: ACK) in order to advance its muscovite research initiative and jointly acquire 9 past producing projects in the province of Quebec
  • Partnership will enable St-Georges to further its knowledge of extraction and beneficiation alternative processes for a range of minerals commonly founded in pegmatite

Montreal, Quebec / April 28, 2016 – St-Georges Platinum and Base Metals Ltd. (OTC: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to announce that it has entered into a definitive agreement with Active Growth Capital (TSX-V: ACK) in order to advance its muscovite research initiative and jointly acquire 9 past producing projects in the province of Quebec.

This partnership will enable St-Georges to further its knowledge of extraction and beneficiation alternative processes for a range of minerals commonly founded in pegmatite. The research initiative will focus on the treatment of Lepidolite and Muscovite. St-Georges also plans to collaborate with third-party technology developers to test the usage of plasma technology to improve green-tech grade muscovite beneficiation.

The research initiative will focus on the following areas:

-Muscovite beneficiation, in partnership with plasma technology developers;

-Alternative lithium source extraction technology development;

-Benchmark for acid drainage technology test deployment;

St-Georges is transitioning its focus from mining exploration to mining technology, with the goal of creating a basket of patented technologies that will position the Company as a provider of environmentally-friendly processing solutions, as well as tailing reclamation solutions. The goal is to have market-ready technologies in the very near future.

JOINT ACQUISITION OF MUSCOVITE & LEPIDOLITE PAST PRODUCING MINES

The terms

In collaboration with Active Growth (TSX-V: ACK), St-Georges has received a 50% interest in 9 past producing mines, at no cost to its shareholders from two of its directors, being Mr. Frank Dumas, its president and Mr. Mark Billings, its Chairman. These directors sold 50% of the projects to Active Growth Capital (TSX-V: ACK) in return for 900,000 common shares of ACK and an NSR on the projects and surrendered the remaining 50% equity in the project to St-Georges.

Conditional to the closing of a financing by ACK, St-Georges will receive 600,000 shares of Active Growth Capital at closing of the transaction, as a payment for a 24-month right of first refusal to access the resulting technologies of the current Muscovite/Pegmatite R&D initiative. St-Georges will enter into a voluntary 48-month escrow agreement for these shares.

ACK will have the option to acquire a 25% equity stake in the intellectual property created and owned by St-Georges with this R&D initiative in relation with Muscovite. ACK will have the option to acquire an additional 25% total ownership of the exploration projects by spending $200,000 of geological exploration work over the next 24 months, thereby reducing St-Georges’ equity share of the projects to 25%. A Joint Venture will be created afterward to manage the projects.

The projects

The companies’ acquisitions consist of four blocks of projects.

-The 4 blocks cover 5435 hectares and equal 95 claims;

-At least 10 pegmatites were partially mined for muscovite between 1900 and 1940;

-The largest reported pegmatite is 1.6 km by 120 meters on a surface outcrop;

-The “Mine du Lac a la Mine” and << Mine du Lac Jacques >> Project: constituted of 2 past producing claims and 9 additional claims acquired by staking. The main minerals identified by the Quebec Ministry of Natural Resources on the projects that are about 1 kilometer apart are Mica (Muscovite and Lepidolite), Apatite, Garnet and Tourmaline. Limited production was conducted in open pits. The mines are about 12 km north-east of the village of Tadoussac on the Quebec North-Shore.

-The “Mine Imbeault”, “Mine du Lac Castor”, “Mine du Ruisseau” and “Mine du Lac Sirois” Projects: This block comprises 3 past producing claims and 26 additional claims acquired by staking. The projects along the same 3km pegmatite trend and the central point of these projects lie 16km north-west of the Quebec North-Shore’s village of Les Escoumins. Minerals identified include Mica (Muscovite and Lepidolite) Quartz, Feldspath, Garnet (Beryllium) Tourmaline and Apatite. The Mine Castor section has a 1.6 km by 120 meters pegmatite outcrop on a North-West orientation. There are historical grades of 10-30% pink-ruby micas in multiple historical drilling intersections of 5 to 15 meters. These results are historical in nature and cannot be rely upon and are only mentioned has a reference. There is no NI 43-101 technical report or known resources on these projects.

-The “Mine Xavier” located 8km to the east of Ville de Saguenay is made up 2 past producing claims that produced 14,000 kg of muscovite that yielded 909 kg of commercial mica sold to markets in 1940, according to the Quebec Government data. The minerals identified include mica (Muscovite and Lepidolite) and Garnet, Beryllium in pegmatite.

-The “Mine Roberval” and “Mine du Lac M” are made up 4 past producing claims and 37 claims acquired by staking. These projects are located 18km east of the city of Alma in the Lac-St-Jean region of Quebec. Beryllium, Topaz and some LRE are found in Pegmatite that contain Lepidolite and Muscovite

Muscovite market and usages

Ground muscovite sells for $150- $300 per metric tonne on average; sheet mica for specialty uses can sell for prices up to $2,000 per kilogram. Mica has several properties that make it suitable for very special uses: The muscovite sheets are chemically inert, dielectric, elastic, flexible, hydrophilic, insulating, lightweight, reflective, refractive and resilient; it is also stable when exposed to electricity, light, moisture and extreme temperatures.

Most sheet mica is used to make electronic devices. The sheets are cut, punched, stamped and machined to precision dimensions. Uses include: diaphragms for oxygen breathing equipment, marker dials for navigation compasses, optical filters, pyrometers, retardation plates in helium-neon lasers, missile system components, medical electronics, optical instrumentation, radar systems, radiation detector windows, and calibrated capacitors.

Lepidolite market and usages

Lepidolite mica is sought for its lithium contents. New promising extraction and processing technologies have emerged in the past decade that is making it a potential alternative source for lithium carbonate.

ACQUISITION OF LEPIDOLITE PEGMATITE

St-Georges also acquired, jointly with Active Growth, 22 prospective claims by staking in 2 separate blocks in northern Quebec.

A 4.5 kilometers Lepidolite containing pegmatite corridor was identified by the Ministry of Natural Resources of Quebec (MNRQ) on the southern block of the acquisition (15 claims), located 91 km south of the village of Kujjuaq, while a chosen sample (MNRQ #2011054043) taken in 2011 and reported recently yielded 4,307 ppm of Beryllium (4,3 kg/tonne) and 2,008 ppm (2kg/tonne) of Tantalum on the northern block (7 claims), located about 74 km east of Kujjuaq. The Company has acquired the project in order to review its prospective opportunities.

Additional acquisitions of alternative sources of lithium and green-energy related projects are currently being reviewed by management.

OTHER CORPORATE MATTERS

FINANCING

In order to finalize the transition to its new business model, the Company has planned a private placement for a maximum of $145,000. This financing was announced on March 31, 2016 and is expected to close on Monday, May 2.

At this time, the current financing is expected to be fully subscribed based on subscriptions already signed.

The offering consists of units to be priced at $0.02 each. Each Unit consists of one common share and one non-transferable 28-month warrant entitling the purchaser to acquire one common share and one additional warrant for an initial exercise price of $0.04. The second warrant will have an exercise price of $0.06 and will expire 28 months after the initial financing closing date.

At its discretion, the Company will be able to force the exercise of the warrants if the price of the common shares on the CSE is at or above 150% of the warrants’ exercise price for 10 consecutive days based on a volume-weighted average price (VWAP) calculation.

Proceeds of this financing will be set aside in order to pay costs related to exchange listings, transfer agents, annual shareholder meetings, annual audits and the settlement of certain short-term debts.

Insiders who will participate in the private placement have accepted to subscribe to a 2-year voluntary resell restriction on the shares of the units.

Multilateral Instrument 61-101

Given the proposed participation of the inside holders for a significant proportion of the financing, the proposed financing might constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security holders in Special Transactions (“MI 61-101”).

St-Georges is relying on an exemption to both the formal valuation and the minority shareholder approval requirements of MI 61-101, as neither the fair market value of the Units to be distributed to, nor the fair market value of the consideration to be received by St-Georges from the inside holders in connection with the proposed financing exceeds 25% of St-Georges’ share capitalization.

OTHER RESEARCH ADVANCEMENTS

St-Georges and Strategic Metallurgy Pty Ltd became partners on a 75-25% ratio in order to move forward a basket of new metallurgical and chemical technologies that can be deployed in a commercial environment within a relatively short schedule. Development tests and scalability demonstration should be conducted in Perth, Western Australia, in the pilot-plant facilities of Strategic Metallurgy in 2016.

POTENTIAL BUSINESS AND TECHNOLOGY PARTNERS

Further advancement of the Company’s R&D efforts will be done in parallel with the sourcing of business partners to target the mining reclamation business. We view this as a very lucrative opportunity due to the fact that North American governments are spending billions of dollars annually in reclamation projects where acid drainage remains one of the main issues.

St-Georges has initiated discussions with potential technology partners and intends to identify more as the new business model is deployed. The Company also plans to spend a good amount of time and resources soliciting environmental mandates from different governmental agencies. Moreover, the Company plans to secure grant money to demonstrate the performance of some of its technologies in real-time field situations.

ANNUAL MEETING

The press release from March 31, 2016 mentioned the month of June 2016 for the Company’s AGM. This meeting will be moved to August 2016. Shareholders will be asked to approve the option plan, the new board of directors and the modifications to its main business. No consolidation or reverse split is planned to be put to the vote.

Joel Scodnick, P.Geo. (CPG # 11498) St-Georges Platinum’s vice-president exploration, a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.

All securities issuance are subject to CSE and regulatory approval.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities 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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VirtualArmor Posts 2015 Revenue Growth of 53% Year over Year to over USD $7,000,000 (CAD $10,000,000) $VAI.ca

Posted by AGORACOM-JC at 5:12 PM on Tuesday, April 26th, 2016

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–2015 Revenue Growth of 53% Year over Year to over USD $7,000,000 (CAD $10,000,000)

2015 Financial Highlights

  • Total revenue for 2015 increased by 53% to $7,366,309 compared to $4,813,410 in 2014. The increase in revenue was directly related to a significant increase in the number of customers being served.
  • Hardware and software sales revenue increased by 69% to $5,780,084 in 2015, compared to $3,417,928 for in 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from new and existing customers.
  • Managed and professional services revenue increased by 14% to $1,576,965 in 2015, compared to $1,378,386 in 2014.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, April 26, 2016 – VirtualArmor International Inc. (“VirtualArmor” or the “Company“) (CSE: VAI) today announced fourth quarter (Q4) financial results for the three and twelve-month period ended December 31, 2015. All figures are in USD.

“2015 was a year of market expansion as we saw our top line grow by 53% over the previous year while continuing to partner with leading cyber security technology providers and increasing our customer base to include leading enterprises,” said Todd Kannegieter, CEO of VirtualArmor. “The revenue growth we saw over the past year was driven primarily by an increase in hardware/software sales to new customers as well as existing ones that upsized their orders. In addition, our managed services platform which serves as a source of multi-year recurring revenues saw an increase of 35% in monthly contractual billings at year-end 2015 vs. 2014 as initial product sales turned into three plus year contracts to manage the solutions purchased.”

“Looking forward into 2016, our company has a clear focus to continue partnering with leading cyber security technologies and expanding our sales channel to support incremental revenue growth across all of our business lines,” continued Todd Kannegieter. “In addition, we will continue scaling our hardware/software sales and increase our high margin managed services to become a larger percentage of overall revenues, and ultimately the main driving force to our bottom line.”

“Lastly, during the third quarter of 2015 we began trading on the Canadian Securities Exchange and in doing so incurred a onetime listing expense of $4,166,285 which was the primary contributor to our net loss for the year,” said Todd Kannegieter. “In the coming quarters we anticipate this figure to normalize to better reflect our core earnings power as a business.”

Fourth Quarter Financial Highlights

  • Total revenue for Q4 2015 increased by 101% to $2,492,695, compared to $1,236,528 in Q4 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from existing customers.
  • Hardware and software sales revenue increased by 137% to $2,077,923 in the quarter ended December 31, 2015, compared to $877,379for in 2014.
  • Managed and professional services revenue increased by 16% to $413,956 in the quarter ended December 31, 2015, compared to$355,428.
  • Net income and comprehensive income for Q4 2015 was $915,230 as compared to a net loss of $31,433. The increase in net income is due to a gain on the fair value of a warrant derivative liability.
  • As at December 31, 2015, the Company’s cash balance was $250,812 compared to $95,978 as at December 31, 2014.

2015 Financial Highlights

  • Total revenue for 2015 increased by 53% to $7,366,309 compared to $4,813,410 in 2014. The increase in revenue was directly related to a significant increase in the number of customers being served.
  • Hardware and software sales revenue increased by 69% to $5,780,084 in 2015, compared to $3,417,928 for in 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from new and existing customers.
  • Managed and professional services revenue increased by 14% to $1,576,965 in 2015, compared to $1,378,386 in 2014.
  • The Company recorded a net loss of $3,403,391 (0.09 per share) for the year ended December 31, 2015 as compared to net income of$122,944 (0.00 per share) for the year ended December 31, 2014. The table below details certain non-cash and other transactions that for the purposes of this discussion have been adjusted out of the reported loss to produce an adjusted loss that forms a better basis for comparing the year-over-year operating results of the Company.
2015$ 2014$
(Loss) income for the year as reported (3,403,391) 122,944
Add (deduct):
Listing expense 4,166,285 –
Change in fair value of warrant derivative liabilities (1,169,751) –
G&A expense – share-based compensation 399,674 17,914
Adjusted (loss) income for the year (1) (7,183) 140,858
(1) Adjusted loss for the year is not a term recognized under IFRS. Non-IFRS measures do not have a standardized meaning. Accordingly, non-IFRS measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

Operational Highlights:

  • During the quarter, the Company:
    • Commenced trading on the CSE under the symbol VAI.
  • Subsequent to the quarter, the Company:
    • Closed approximately $2,400,000 USD in orders over a 90 day period beginning December 1st, 2015.
    • Reduced shares outstanding with the voluntary escrow of free trading shares and canceled a previously announced private placement due to a favourable exercise of warrants.
    • Added three leading cybersecurity solutions to managed services platform.

About VirtualArmor
VirtualArmor is a cyber security company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core. As a managed security services provider, VirtualArmor’s services run 24 hours per day, 7 days per week, 365 days per year through its primary security operations center (“SOC”) located in Middlesbrough, U.K. and a secondary SOC located in Salt Lake City, Utah. Each member of VirtualArmor’s team supports the three main facets of its business: managed services, professional services, and hardware sales, by handling the design, configuration and installation of advanced network and cloud architecture solutions. VirtualArmor uses best-in-breed partnerships to provide solutions for customers that are affordable, highly reliable, scalable, and backed by thorough knowledge of the related technologies, products, and platforms. VirtualArmor has secured partnerships with established technology businesses specializing in network appliances, software, and systems and provides its services to the mid- to large- enterprise and service provider markets. VirtualArmor customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple service providers with presences throughout the United States, and household name enterprise organizations located primarily in the western United States. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, http://www.virtualarmor.com/.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmor. Although VirtualArmor 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 as VirtualArmor cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmor 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.

SOURCE Virtual Armor

Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, [email protected]; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, [email protected] CNW Group 2016

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Durango Secures Additional Claims Hosting Pegmatites Near Whabouchi And Announces Exercise Of Warrants $DGO

Posted by AGORACOM-JC at 8:29 AM on Wednesday, April 20th, 2016

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  • Secured the two claim blocks located to the northwest and southeast of Nemaska Lithium’s Whabouchi Project in Quebec.
  • Montagne North property is located to the northwest and is contiguous with Nemaska Lithium Corp.’s (TSX.V-NMX) Whabouchi Property and the Lac Noir property is located to the southeast of Nemaska Lithium’s Whabouchi Property
  • Both of the properties were purchased by Durango based on the pegmatites mapped by the Theberge report as discovered by Nemaska Lithium Corp

Vancouver, BC / April 20, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces further to the news of April 14, 2016, that it has secured the two claim blocks located to the northwest and southeast of Nemaska Lithium’s Whabouchi Project in Quebec.

The Montagne North property is located to the northwest and is contiguous with Nemaska Lithium Corp.’s (TSX.V-NMX) Whabouchi Property and the Lac Noir property is located to the southeast of Nemaska Lithium’s Whabouchi Property.

Both of the properties were purchased by Durango based on the pegmatites mapped by the Theberge report as discovered by Nemaska Lithium Corp. in 2011 and will be 100% owned by Durango upon payment of $50,000 to an arm’s length vendor. Durango now holds over 2,100 hectares in the regional pegmatite belt.

Durango is now in final discussions regarding the joint ventures as previously announced on January 29, 2016 and February 18, 2016 in relation to the Buckshot graphite property and NMX East lithium property. A full update will be provided as soon as it becomes available on the joint ventures.

Additionally, Durango is pleased to announce that over the past week, warrant holders have exercised over 3.25 million warrants (“Warrants”) for aggregate proceeds of over $325,000. Each Warrant was exercised for one common share at an exercise price of $0.10 per Warrant.

Marcy Kiesman, CEO of Durango comments, “We are pleased to have secured the strategic claims with pegmatites near the Whabouchi project in Quebec. The warrant exercises have strengthened our financial position and will enable management to plan a sampling program on our newly acquired properties to determine whether the mapped pegmatites host lithium. We look forward to an exciting year ahead and will work diligently to provide value to our shareholders.”

About Durango Resources Inc.

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East, Lac Noirs, Montagne North and Boomerang lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its website and its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.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.

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Uragold Technical Partner Pyrogenesis Announces Purevap(tm) Process Breakthrough $UBR

Posted by AGORACOM-JC at 10:14 AM on Tuesday, April 19th, 2016

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  • Early test results of PUREVAPTM process has demonstrated that it can transform high purity quartz into silicon metal
  • Bernard Tourillon, Chairman and CEO of Uragold stated “Today’s press release from PyroGenesis is another significant step in the dynamic testing process that commenced on March 29. To say that we are extremely happy with this breakthrough so early in the program is an understatement.
  • The dynamic test protocols, which called for a first series of metallurgical tests to be completed at different operational settings, are still ongoing. Having validated that the process works, the program continues to its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.

Montreal, Quebec, Canada / April 19 2016 – Uragold (TSX Venture: UBR) is pleased to report that PyroGenesis Canada Inc. (“PyroGenesis”), a clean-Tech company that designs, develops, manufactures and commercializes plasma waste-to-energy systems, plasma torch products and the PUREVAP(TM) Quartz Vaporization Reactor (“PUREVAPTM“), from whom Uragold has been granted the worldwide exclusive rights for the One Step Production of Solar Grade Purity Silicon Metal from Quartz, announced today that early test results of their PUREVAPTM process has demonstrated that it can transform high purity quartz into silicon metal.

In their press release, Pierre Carabin, Director of Engineering of PyroGenesis stated “We are very pleased by these early results,” and then further stated “Our ability to demonstrate that our process can produce metal at such an early stage is encouraging and is the first step towards the Company’s objective to produce a silicon product of solar grade purity.”

As previously noted, PUREVAPTM is a proprietary process that uses a plasma arc within a vacuum furnace to produce high purity, metallurgical grade silicon (MG-Si), solar grade silicon (UMG Si) and polysilicon from quartz in just one step.

Bernard Tourillon, Chairman and CEO of Uragold stated “Today’s press release from PyroGenesis is another significant step in the dynamic testing process that commenced on March 29. To say that we are extremely happy with this breakthrough so early in the program is an understatement. We are especially encouraged about the following statement made by PyroGenesis CEO, P. Peter Pascali in his press release – ‘We look forward to the final results of our testing program and advancing to the pilot stage with Uragold.’

NEXT STEPS

The dynamic test protocols, which called for a first series of metallurgical tests to be completed at different operational settings, are still ongoing. Having validated that the process works, the program continues to its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.

The High Purity Silicon Metal produced by the reactor during this second stage will be sent to an independent laboratory for ICP – MS “Mass Spectrometry” analysis for final validation.

Today’s news from PyroGenesis is in step with previously disclosed theoretical modeling of the process, that indicate that transforming Uragold Raw Quartz into High Purity Silicon metals for solar application is within reach.

About Uragold

Uragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Uragold has announced plans to spin out its Beauce Gold Project – the largest placer gold deposit in eastern North America. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

The PUREVAP(TM) QVR process’s big advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The Science Behind PyroGenesis PUREVAP(TM) QVR Process Is Solid:

  • -Plasma arc based process can and has transformed High Purity Quartz into Mg Si.-Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.

    -Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

What is unique and ground breaking is the combination of these three proven processes into one step.

A Green And Clean Company

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

High Purity Quartz Properties

Uragold is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

About Our Beauce Gold Project – Preparing To Be Spun Out To Unlock Value

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 37 claims 100% owned by Uragold Bay Resources, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by 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 adequacy or accuracy of this release.

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.uragold.com

Or

Carl Desjardins, Paradox Public Relations Inc., Tel (514) 341-0408

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Nevada Energy Metals Acquires 100% Ownership in Clayton Valley BFF-1 Lithium Project

Posted by AGORACOM-JC at 9:07 AM on Tuesday, April 12th, 2016

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  • Announced acquisition of 60 claims (approximately 1200 acres/484 hectares) in Clayton Valley, Esmeralda County, Nevada
  • 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations
  • Also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource NI 43-101 announced in July 2015
  • 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020

April 12, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc., TSX-V: BFF (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce the acquisition of 60 claims (approximately 1200 acres/484 hectares) in Clayton Valley, Esmeralda County, Nevada.

The Clayton Valley BFF-1 Lithium Project southern boundary lies 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations. The mine has been in operation since 1967 and remains the only brine based lithium producer in North America. It is also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource NI 43-101 announced in July 2015. Clayton Valley’s centralized location between Nevada and Reno and its highways, access to power, water and labor provide excellent infrastructure for mineral exploration and development. The Clayton Valley BFF-1 Lithium Project is approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020.


Click Image To View Full Size

Clayton Valley is one of the few locations globally known to contain commercial-grade lithium-enriched brine. The Valley is an internally drained closed-basin and is surrounded by mountains, hills and ridges on all sides. It contains an underground unconsolidated water bearing system (or aquifer system) which is host to lithium-enriched brines and is contained by the surrounding rock.

The decision to acquire the project was based on descriptions of geological modeling and historical drilling results (Western Geothermal Ltd) in a report authored by J.B. Hulen, PG, (July 31,2008). Mr Hulen concluded that shallow thermal-gradient drilling and lithium-exploration drilling by previous operators demonstrated that the area underlying this portion of Clayton Valley contained the valley’s highest subsurface temperatures.


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Within the graben (A graben is a depressed block of land bordered by parallel faults) and within the boundary of the claim block , a drill hole by Western Geothermal Partners 2007 logged as WGP#2

reported as follows:’ From 280 – to 305 ft., fine grained green sand and silt logged as volcanic ash was encountered. This unit may be correlative to the Main Ash Aquifer, which is a marker bed in other areas of the Clayton Valley Basin.”

Nevada Energy Metals is planning a detailed exploration program on our Clayton Valley BFF-1 Lithium Project for the fall 2016/winter 2017 The property was acquired for cost of staking with no overriding royalties or work programs. A finder’s fee is payable.

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

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s 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 60 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, 20 hole shallow auger exploration program is in progress. Recently, on March 23, 2016 the Company announced the addition of the San Emidio Desert lithium project 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.

Qualified Person:

The technical content of this news release has been reviewed and approved by

Ali Alizadeh, MSc P.Geo, MBA, a director of the company and a Qualified Person under the provisions of National Instrument 43-101.

On Behalf of the Board of Directors

Harry Barr Chairman & 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.

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Nevada Energy Metals Appoints Bill Macdonald To Advisory Board News Release

Posted by AGORACOM-JC at 9:06 AM on Monday, April 11th, 2016

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  • Announced the appointment of Mr. Bill Macdonald to the Nevada Energy Metals Advisory Board
  • Founder and principal of Macdonald Tuskey, Corporate and Securities Lawyers, a boutique securities and corporate finance firm located in Vancouver, British Columbia established in April 2008

April 11, 2016 / Vancouver, British Columbia – Nevada Energy Metals Inc. “the Company” TSX-V:BFF (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce the appointment of Mr. Bill Macdonald to the Nevada Energy Metals Advisory Board.

Mr. Macdonald is a founder and principal of Macdonald Tuskey, Corporate and Securities Lawyers, a boutique securities and corporate finance firm located in Vancouver, British Columbia established in April 2008. Prior thereto, from February 1998 to April 2008, Mr. Macdonald was a partner with Clark Wilson LLP and a member of the firm’s Corporate Finance / Securities Practice Group. Since May 2008 Mr. Macdonald has been a director of Blackbird Energy Inc., an oil and gas exploration company listed on the Exchange and was also the President of Blackbird from May 2008 until February 2013. In addition, Mr. Macdonald currently serves as a director of Viscount Mining Corp., a position he has held since October 2011, a director of Patriot Petroleum Corp. since December 2015 and a director and founder of Black Lion Capital Corp. since its inception on January 20, 2015. Mr. Macdonald was also previously a director of First Americas Gold Corporation, formerly Pannonia Ventures Corp. and Benz Capital Corp. Mr. Macdonald has been a member of the Law Society of British Columbia since February 1998 and a member of the New York State Bar since February 2002.

Mr. Macdonald brings with him a wealth of securities and finance knowledge and will help advise Nevada Energy Metals on the best practices to move the Company forward.

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

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s 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. Nevada Energy Metals has 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, 20 hole shallow auger exploration program is in progress. Recently, on March 23, 2016 the Company announced the addition of the San Emidio Desert lithium project in Washoe County, Nevada. Nevada Energy Metals’ 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.

On Behalf of the Board of Directors

Harry Barr Chairman & 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.

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Nevada Energy Metals Appoints Jeremy Poirier To Advisory Board

Posted by AGORACOM-JC at 9:05 AM on Wednesday, April 6th, 2016

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  • Announced the appointment of Mr. Jeremy Poirier to the Nevada Energy Metals Advisory Board
  • Over the past 12 years, Mr. Poirier has acquired extensive market experience and built a strong network of investors and industry contacts. He has also served as a member on a number of boards of directors and has held officer positions at several public and private companies.

April 06, 2016 / Vancouver, BC- Nevada Energy Metals Inc. “the Company” TSX-V:BFF (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce the appointment of Mr. Jeremy Poirier to the Nevada Energy Metals Advisory Board.

Mr. Poirier has been providing a range of investor awareness and advisory services for both public and private companies since 2004. Over the past 12 years, Mr. Poirier has acquired extensive market experience and built a strong network of investors and industry contacts. He has also served as a member on a number of boards of directors and has held officer positions at several public and private companies. Through his network and market expertise Mr. Poirier has facilitated capital raising efforts as well as successful asset acquisition and corporate development undertakings.

Most recently, Mr. Poirier has reviewed various lithium assets around the world in his continuing role as a director of Pure Energy Minerals. We believe that Mr. Poirier’s extensive experience in the junior lithium sector will aid Nevada Energy Metals.

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

Nevada Energy Metals Inc. is a Canadian Based exploration and development company who’s primary listing is on the TSX Venture Exchange. The Company’s main focuses are brine based lithium exploration targets located in the mining friendly state of Nevada. As of January 13th the Company has completed a $900,000 CAD secondary funding to carry out an exploration program in a 60% earn-in agreement with Dajin Resources Corp. at Alkali Lake. This Nevada lithium target is just 12km from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada. The property, called Teels Marsh West is a highly prospective lithium exploration project, 100% owned without any royalties. On March 23 2016 the Company announced the addition of the San Emidio Dessert lithium property, a prospective lithium brine property to add to its project portfolio.

On Behalf of the Board of Directors

Harry Barr Chairman & 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.

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Durango Proposes Ground Geophysics Adjacent to Nemaska’s Whabouchi Property

Posted by AGORACOM-JC at 11:47 AM on Tuesday, April 5th, 2016

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  • Announced that further to the news of April 4 and March 30, 2016, its wholly owned ground is now adjacent to the north, east, south and west of Nemaska Lithium
  • Crew has visited the property adjacent to Whabouchi and conveyed to management that the ground is low lying with overburden so Durango proposes to complete ground geophysics to identify conductors and magnetics

Vancouver, BC / April 5, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango“) is pleased to announce that further to the news of April 4 and March 30, 2016, its wholly owned ground is now adjacent to the north, east, south and west of Nemaska Lithium.

A crew has visited the property adjacent to Whabouchi and conveyed to management that the ground is low lying with overburden so Durango proposes to complete ground geophysics to identify conductors and magnetics.

Nemaska Lithium, (TSX.V-NMX) announced on April 4th, 2016 via stockwatch, that “Nemaska Lithium Whabouchi Updated Feasibility Study Shows a Pre-Tax NPV at 8% Discount Rate of $1.9B (after-tax $1.16 B) and a Pre-Tax IRR of 37.7% (after-tax 30.3%)”.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.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.

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KWG Applauds Important Canadian Governmant Budget Support

Posted by AGORACOM-JC at 2:13 PM on Thursday, March 24th, 2016

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  • Pleased that the Government of Canada made allocations in the budget announced on Tuesday that will assist development of the Ring of Fire
  • As reported by the Mining Association of Canada, the budget addressed a number of issues that it had raised, including:
    • Investments in key regulatory agencies, such as the Canadian Environmental Assessment Agency (CEAA) and Fisheries and Oceans Canada, that will help ensure sufficient capacity exists to carry out efficient regulatory reviews of major mining projects.

TORONTO, ONTARIO–(March 24, 2016) – KWG Resources Inc. (CSE:KWG) (FRANKFURT:KW6) (“KWG”) is very pleased that the Government of Canada made allocations in the budget announced on Tuesday that will assist development of the Ring of Fire. As reported by the Mining Association of Canada, the budget addressed a number of issues that it had raised, including:

  • Investments in key regulatory agencies, such as the Canadian Environmental Assessment Agency (CEAA) and Fisheries and Oceans Canada, that will help ensure sufficient capacity exists to carry out efficient regulatory reviews of major mining projects.
  • Funding to support CEAA’s capacity to undertake meaningful consultations with Indigenous groups.
  • New, long overdue investment in Natural Resources Canada’s science laboratories that promises to support new partnerships in clean tech and innovation with the mining sector.
  • Support for the Canadian Northern Economic Development Agency to continue its role in supporting northern regulatory efficiencies.
  • Renewal of the Mineral Exploration Tax Credit at a critical time for Canada’s junior exploration sector.

As announced on Tuesday also, KWG is in the process of filing the National Phase in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey and the USA under the Patent Cooperation Treaty to seek patent grants for its method to reduce chromite ore to metallics utilizing natural gas, a carbon reductant, and a catalyst formulation. The grant of a patent will be sought for the invention in each of these countries where the method might have commercial application and viability.

Natural Resources Canada’s CanMet research facilities are presently engaged in a program to analyze the opportunities for development of the Ring of Fire. As part of its research, the KWG direct reduction method will be evaluated for its economic efficacy and potential contribution to greenhouse gas reduction. KWG management participates in supervision of the CanMet research with membership in both the Steering Committee and the Technical Committee respectively developing and overseeing the research programs.

The abstract for a paper presented to the 2015 Conference of Metallurgists titled: Reducing energy consumption by alternative processing routes to produce ferrochromium alloys from chromite ore cited:

A techno-economic study on the new process identifies a reduction in overall energy consumption of 80% against conventional processing and approximately 40% lower than the current best practice. By utilising more natural gas than coal based energy sources, the KWG process is able to show an overall 50% reduction in greenhouse gas emissions compared with the most energy efficient current practice. The impact of the new process on future processing is therefore regarded as highly significant, with global energy reductions equivalent to the effect of completely eliminating energy demand from a country the size of Italy. (emphasis added)

The study concluded that the potential for this process to completely revolutionise the global ferrochrome industry should not be underestimated. Its impact reaches far beyond exploitation of a regional natural resource.

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 also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Shares issued and outstanding: 871,418,968

Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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Explor Announces Ogden Property Diamond Drilling Program

Posted by AGORACOM-JC at 4:19 PM on Tuesday, March 22nd, 2016

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  • Announced the commencement of a Diamond Drilling Program on the Ogden Gold Property
  • Consist of 8 mining claims (70 mineral claim units) covering 1,120 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario
  • Claims are contiguous and to the east of the Timmins Porcupine West Property

ROUYN-NORANDA, QC–(March 22, 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 Ogden Gold Property. The property is located 12 kilometers southwest of the city of Timmins, Ontario. The property consist of 8 mining claims (70 mineral claim units) covering 1,120 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario. These claims are contiguous and to the east of the Timmins Porcupine West Property as shown on the attached map. Access to the property is via an all-weather road from Highway 101 to the west of the property.

The exploration program will consist of 3,000 meters of diamond drilling. This diamond drill program will concentrate on geophysical targets as identified by Explor’s recent ground geophysical survey and IP work conducted by Inmet and Knick Exploration. Analysis of existing geophysical data along with Explor’s recently completed work has revealed a major geological structure similar to the one located on Explor’s Timmins Porcupine West Gold Property. It would appear to be a continuation of the Bristol Porphyry on the other side of the Mattagami River fault. Previous reconnaissance exploration work by Inmet Mines defined several induced polarization anomalies (1997) and these are incorporated with recent I.P. survey data as the surveys were completed by the same service company and all original data has been acquired by Explor Resources.

The property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration. The majority of the holes drilled by previous operators were less than 100 meters in length. Historically on the Ogden Property, the only hole that hit significant mineralization was a diamond drill hole by Tex-Sol Exploration in 1965 which returned 6.0 g/t Au over 9.1 m at a shallow depth. On the TPW Gold Property significant mineralization was intersected below 300 meters of vertical depth requiring drill holes of 500 to 600 m in length.

The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off and to the North of the Porcupine Destor fault inside an interpreted splay fault corridor.

The Ogden Property is contiguous on the east side of the Timmins Porcupine West Property. The Timmins Porcupine West Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.

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

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.

Image Available: http://www.marketwire.com/library/MwGo/2016/3/22/11G088665/Images/zz-68a5c2d7e88582b4afeeada2bec0cf63.jpg

For further information please contact:

Christian Dupont
President
Tel: 888-997-4630 or 819-797-4630
Fax: 819-797-6050
Website: www.explorresources.com
Email: [email protected]

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