Author: TheNewswire.com

  • 79 Resources Ltd. Announces Proposed Share Consolidation

    (via TheNewswire)

    79 Resources Ltd.

    Vancouver, British Columbia, April 4, 202479 Resources Ltd. – CSE:SNR -(“79 Resources” or the “Corporation” or the “Issuer“) announces that it intends to complete a consolidation of the authorized and issued common shares of the Corporation (the “Common Shares”) on the basis of one (1) post-consolidated Common Share for each five (5) pre-consolidation Common Shares (the “Consolidation”).

    The Corporation believes that the Consolidation is necessary to improve its corporate flexibility and may also make the Issuer’s listed security and capital structure more attractive to investors. The Corporation will require further funding to remain a going-concern.

    The Corporation currently has 102,182,001 Common Shares issued and outstanding, being on a pre-Consolidation basis. Following the Consolidation, the Corporation is expected to have approximately 20,436,400 post-Consolidation Common Shares issued and outstanding.

    As publicly filed, the Corporation’s Chairman and Chief Executive Officer, an Insider of the Corporation who is also an approved Control Person (both terms as defined by securities law), currently holds 83,587,000 pre-Consolidation Common Shares, on an aggregated direct and indirect basis. Following the Consolidation, that same Insider is expected to hold approximately 16,717,400 resulting post-Consolidation Common Shares, on an aggregated direct and indirect basis.

    The Consolidation of pre-Consolidation Common Shares to post-Consolidation Common Shares does not substantively change the ownership percentage that an existing shareholder has in the Corporation, save exception to fractional Common Shares.

    No fractional Common Shares will be issued during or upon the Consolidation. In the event a holder of Common Shares would otherwise be entitled to receive a fractional Common Share in connection with the Consolidation, the number of Common Shares to be received by such shareholder will be rounded down to the next whole number and no cash consideration will be paid in respect of fractional shares.

    The record date of the Consolidation is scheduled to be April 12, 2024. The Corporation’s Common Share trading symbol, being “SNR” on the Canadian Securities Exchange, is expected to remain the same. The new CUSIP number for the post-Consolidation Common Shares is expected to be 818075202, and the new ISIN number for the post-Consolidation Common Shares is expected to be CA8180752021.

    The Consolidation is subject to the approval of the Issuer’s listed exchange, being the Canadian Securities Exchange (CSE).

    To the extent applicable, a letter of transmittal will be mailed to registered shareholders providing instructions with respect to surrendering share certificates representing pre-Consolidation Common Shares in exchange for post-Consolidation Common Shares issued as a result of the Consolidation. Until surrendered, each certificate representing pre-Consolidation Common Shares will be deemed to represent the number of post-Consolidation Common Shares the holder received as a result of the Consolidation. Shareholders who hold their Common Shares in brokerage accounts or in book-entry (e.g. DRS) form are not required to take any action. In accordance with the Articles of the Corporation, the Consolidation will not require shareholder approval, however as noted above, the Consolidation remains subject to certain regulatory approval.

    All outstanding stock options and share purchase warrants of the Corporation will also be adjusted by the Consolidation ratio and the respective exercise prices of outstanding options and share purchase warrants will be adjusted accordingly.

    Financing Update

    Having regard to the proposed Consolidation, the Corporation has discontinued the private placement previously announced in mid-March (see news release, 79 Resources Ltd. Announces Financing and Provides Corporate Update, dated March 13, 2024).

    About 79 Resources Ltd. – CSE:SNR

    79 Resources is a Vancouver-based junior mining exploration company. Traded on the Canadian Securities Exchange under the symbol SNR, the Corporation seeks to acquire, explore and develop mineral exploration projects. 79 Resources currently holds the Five Point Copper-Gold Project in British Columbia and the North Preston Uranium Project in Saskatchewan. For additional information, please visit www.79resources.com.

    The Corporation is subject to various risks and uncertainties, including those risks and uncertainties set out in public filings made by the Corporation, such public filings available through SEDAR+ (www.sedarplus.ca).

    On Behalf of the Board of Directors

    Ryan Kalt
    Chairman & Chief Executive Officer
    Email: [email protected]
    Tel: 604.687.2038

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of Canadian securities laws. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,”, “intention” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties, including but not limited to the matters related to the Consolidation, such as necessary approval by the CSE and more generally the ability of the Corporation to successfully complete the Consolidation and/or specific dates therewith associated. Actual results may differ materially from those currently expected or forecast in such statements.

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

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450343444/2895/2024-04-04T17:30:18

  • PowerTap Files Financial Statements for the Year Ended June 30, 2023 and First and Second Quarters Ending September 30, 2023 and December 31, 2023 and provides subsidiary update

    (via TheNewswire)

    PowerTap Hydrogen Capital Corp.

    VANCOUVER, British Columbia and Aliso Viejo, California, April 4, 2024 – TheNewswire – PowerTap Hydrogen Capital Corp. (NEO: MOVE) (FWB: 2K6) (OTC: MOTNF) (PowerTap” or the Company” or MOVE”), announces that it has filed the Company’s audited annual consolidated financial statements for the year ended June 30, 2023 and the September 30, 2023 and December 31, 2023 unaudited interim financial statements together with the related management discussion and analysis on SEDAR+ at www.SEDARPLUS.ca.


    The company continues to work towards addressing the cease trade order issued by the BC Securities Commission in December 2023 and will update shareholders accordingly.

    In addition, PowerTap is pleased to provide an update on its subsidiary activities, strategic initiatives and industry collaboration to effect deployment of its Gen3 modular blue hydrogen production and dispensing unit.

    PowerTap Hydrogen Fueling Corp. (“PowerTap USA”), a wholly owned subsidiary of PowerTap Hydrogen Capital Corp., has made progress in various key areas as it continues to spearhead the advancement of clean renewable hydrogen infrastructure. The company is actively engaged in a multifaceted approach to enhance its operational capabilities and solidify its position as a key player in the hydrogen ecosystem.

    1. Manufacturing and Engineering Validation: The company is advancing corporate development efforts to support strategic and manufacturing partners who share the vision for PowerTap’s Gen3 on-site modular, small form factor, hydrogen production, storage, and dispensing unit. These partnerships are crucial for completing engineering re-validation and finalizing plans for manufacturing, with a focus on sites in California and future expansion across North America, while diversifying PowerTap into other markets. In these corporate development efforts, said Salim Rahemtulla, CEO of subsidiary PowerTap USA, “PowerTap’s focus is to communicate to its partners that deployment of the PowerTap Gen3 technology, integrated within a microgrid, could create PowerTap Energy Plazas that offer hydrogen for FCEVs, power for BEVs, contribute to grid stability, and eliminate the carbon intensity associated with traditional hydrogen delivery.”

    2. PowerTap USA project financing: PowerTap USA has been in discussions to raise debt and equity capital from strategic and private equity sources. The uses of the funds, if raised, would be working capital and technology and station development and deployment to support both heavy-duty fueling stations and other industrial market applications where onsite hydrogen fueling stations would add value.

    3. Collaboration with Hydrogen Fuel Cell Electric Truck Manufacturers and Other Hydrogen Users: The company signed a definitive contract with a leading hydrogen truck OEM in September 2023. It continues discussions with various other hydrogen vehicle OEMs actively identifying and developing sites in the desired geographical market areas of these manufacturers. This collaborative effort is testament to the value of PowerTap’s intellectual property and its positioning as an able provider of affordable and reliable hydrogen into a broad set of industrial markets. PowerTap maintains a strong commitment to facilitating the growth of the hydrogen ecosystem.

    4. Active Participation in Industry Initiatives: PowerTap remains an active participant in industry forums, including the California Hydrogen Business Council (CHBC). The company is positioning itself for participation in hydrogen hubs across the United States where the hydrogen hub’s focus includes blue hydrogen. The USA Department of Energy is awarding $7 billion of grants to 7 hydrogen hubs across the USA.

    As PowerTap USA continues to drive innovation and collaboration in the renewable hydrogen sector, these strategic initiatives underscore the company’s dedication to building a sustainable and robust hydrogen infrastructure for the future.

    ABOUT POWERTAP HYDROGEN CAPITAL CORP.

    PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (PowerTap”), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTaps patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure.

    www.PowerTapcapital.com

    www.PowerTapfuels.com

    PowerTap Hydrogen common shares are listed on the NEO Exchange. Please visit the company’s profile on the NEO Exchange website at https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth

    PowerTap Contact:

    Raghu Kilambi [email protected]

    +1 (949) 284-7060

    NEITHER THE NEO EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    Notice Regarding Forward Looking Information: This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the hydrogen extraction market and the general economy, the Company’s business plans and strategy, including anticipated capital deployments and the timing thereof, and the Company’s ability to raise sufficient capital to funds its business plan.

    Forward-looking statements are based on forecasts of future results, estimates of amounts not

    yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur or be achieved. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release.

    Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.

    The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450342511/2895/2024-04-04T17:05:22

  • Allied Corp Completes 80kg Shipment to European Channel Partner Coinciding with German Decriminalization Act

    (via TheNewswire)

    Allied Corp.

    Kelowna, BC, Canada TheNewswire – April 4, 2024 Allied Corp. (“Allied” or the “Company”) (OTCQB: ALID) is pleased to announce that it has successfully completed an 80kg export of THC-based medical cannabis to one of its GMP (Good Manufacturing Practices) manufacturing partners in Europe. The shipment has cleared customs. Through its partner, Allied will offer to the European market flower and derivatives manufactured with GMP certification – a key requirement for import into several countries, including Germany.

    This comes at a time when the European medical cannabis market received a significant boost with the German Cannabis Decriminalization Act (Pillar 1) which came into effect on 1 April 2024. Under the Act, cannabis has been officially removed from Germany’s Narcotics List which is expected to drastically improve patient access and support further adoption of medical cannabis. Patients will no longer require a narcotic prescription form, which experts say will simplify the process for doctors and streamline the medical cannabis supply chain. The legislation also allows adults to possess up to 25g for personal use and cultivate up to three plants for private consumption, while paving the way for wider recreational legalization.

    With this shipment and its established European channel partnerships, Allied is set to play a key role in rapidly expanding markets, including Germany”, said Juba Hadid, VP of Global Sales. “This also solidifies the particular attractiveness of Allied’s offering to international buyers: high quality at a low cost.”

    Allied has once again demonstrated its ability to export Colombian flower. This shipment follows the recent 180kg purchase order (press release here), two international flower distribution agreements signed earlier this year (press releases here and here) and two successful shipments of THC-based medical cannabis to Australia in November 2023 (press releases here and here).

    About Allied Corp. – CLICK HERE

    Allied Corp. is a Canadian cannabis supplier with its production center in Colombia. By leveraging Canadian cannabis cultivation expertise and Colombian price advantages, Allied offers consistent supply of premium cannabis product at scale and at attractive prices, while meeting international high-quality standards.

    Investor Relations :

    [email protected]

    1-877-255-4337

    Forward-Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable securities laws in Canada or the United States ( “forward-looking information”). Forward-looking information may relate to the Company’s future outlook and anticipated events, plans or results, and may include information regarding the Company’s objectives, goals, strategies, future revenue or performance and capital expenditures, and other information that is not historical information. Forward-looking information can often be identified by the use of terminology such as “believe,” “anticipate,” “plan,” “expect,” “pending,” “in process,” “intend,” “estimate,” “project,” “may,” “will,” “should,” “would,” “could,” “can,” the negatives thereof, variations thereon and similar expressions. The forward-looking information contained in this press release is based on the Company’s opinions, estimates and assumptions in light of management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management currently believes are appropriate and reasonable in the circumstances. Forward looking statements in this press release include the following: that Allied is leveraging the conditions in its Colombia grow operation and future Kelowna location to support its Research and Development efforts; that Allied is making important strides forward to position itself as a leader in the medical cannabis space, that Allied intends to make a series of proposed trademark and other intellectual property protection filings, as part of the Company’s Intellectual Property and Pharma Development (IP&PD) Strategy, statements respecting the joint development, manufacturing, and the introduction of TACTICAL RELIEF(TM) branded products.

    There can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Risk factors that could cause actual results to differ materially from forward-looking information in this release include: the Company’s exposure to legal and regulatory risk; the effect of the legalization of adult-use cannabis in Canada and Colombia on the medical cannabis industry is unknown and may significantly and negatively affect the Company’s medical cannabis business; that the medical benefits, viability, safety, efficacy, dosing and social acceptance of cannabis are not as currently expected; that adverse changes or developments affecting the Company’s main or planned facilities may have an adverse effect on the Company; that the medical cannabis industry and market may not continue to exist or develop as anticipated or the Company may not be able to succeed in this market; risks related to completion of the greenhouse construction in Colombia, risks related to market competition; risks related to the proposed adult-use cannabis industry and market in Canada and Colombia including the Company’s ability to enter into or compete in such markets; that the Company has a limited operating history and a history of net losses and that it may not achieve or maintain profitability in the future; risks related to the Company’s current or proposed international operations; risks related to future third party strategic alliances or the expansion of currently existing relationships with third parties; that the Company may not be able to successfully identify and execute future acquisitions or dispositions or successfully manage the impacts of such transactions on its operations; risks inherent to the operation of an agricultural business; that the Company may be unable to attract, develop and retain key personnel; risks resulting from significant interruptions to the Company’s access to certain key inputs such as raw materials, electricity, water and other utilities; that the Company may be unable to transport its cannabis products to patients in a safe and efficient manner; risks related to recalls of the Company’s cannabis products or product liability or regulatory claims or actions involving the Company’s cannabis products; risks related to the Company’s reliance on pharmaceutical distributors; that the Company, or the cannabis industry more generally, may receive unfavorable publicity or become subject to negative consumer or investor perception; that certain events or developments in the cannabis industry more generally may impact the Company’s reputation or its relationships with customers or suppliers; that the Company may not be able to obtain adequate insurance coverage in respect of the risks that it faces, that the premiums for such insurance may not continue to be commercially justifiable or that there may be coverage limitations and other exclusions which may result in such insurance not being sufficient; that the Company may become subject to liability arising from fraudulent or illegal activity by its employees, contractors, consultants and others; that the Company may experience breaches of security at its facilities or losses as a result of the theft of its products; risks related to the Company’s information technology systems; that the Company may be unable to sustain its revenue growth and development; that the Company may be unable to expand its operations quickly enough to meet demand or manage its operations beyond their current scale; that the Company may be unable to secure adequate or reliable sources of necessary funding; risks related to, or associated with, the Company’s exposure to reporting requirements; risks related to conflicts of interest; risks related to fluctuations in foreign currency exchange rates; risks related to the Company’s potential exposure to greater-than-anticipated tax liabilities; risks related to the protection and enforcement of the Company’s intellectual property rights, or the intellectual property that it licenses from others; that the Company may become subject to allegations that it or its licensors are in violation of the intellectual property rights of third parties; that the Company may not realize the full benefit of the clinical trials or studies that it participates in; that the Company may not realize the full benefit of its licenses if the licensed material has less market appeal than expected and the licenses may not be profitable; as well as any other risks that may be further described in and the risk factors discussed in the Company’s continuous disclosure including its Management’s Discussion and Analysis sections in its Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K filed under the Company’s profile at www.sec.gov.

    Although management has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking information in this presentation, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information in this presentation. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers and viewers should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this release represents the Company’s expectations as of the date of this release or the date indicated, regardless of the time of delivery of the presentation. The Company disclaims any intention, obligation or undertaking to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450339860/2895/2024-04-04T15:00:44

  • Leocor Gold Plans Drill Programs at the Dorset Gold Project and Copper Creek Project, Baie Verte District, Newfoundland and Announces Private Placement

    (via TheNewswire)

    Leocor Gold Inc.

    Vancouver, British Columbia – TheNewswire – April 4, 2024Leocor Gold Inc. (the “Company” or “Leocor“) (CSE: LECR, OTCQB: LECRF) is pleased to announce plans for summer exploration programs at its Baie Verte project, which comprises both the Dorset Gold Project, and the Copper Creek project, among others, located in north central Newfoundland, Canada.

    The Company is targeting its Baie Verte holdings with multiple drill programs this summer. The scope and details (drill type, meterage, exact locations) are currently under discussion and will be released upon finalization in the coming weeks.

    The Dorset Gold Project is already established as containing several known gold zones, and presents additional, highly prospective exploration targets. The 2024 program will be designed to test priority zones within a prominent 1 x 2 km gold-in-soil anomaly delineated by Leocor in 2022. Copper Creek is a copper target with compelling historical results. The Company is eager to begin detailed prospecting within areas of interest and systematically testing known zones of copper mineralization.

    Dorset Gold Project

    Located south of the Pine Cove Gold Mine, Dorset features multiple zones of high-grade gold mineralization. The Company completed a Rotary Air Blast (“RAB”) drill program in late 2022 that tested six different target areas for gold and/or copper mineralization with 18 drill holes. The program was designed to follow up on previously announced soil and GT (GroundTruth Exploration) Probe results.

    Highlights from the 2022 RAB program include*:

    • Sharpie Ridge Target: 2.32 grams-per-tonne (“g/t”) gold (“Au”) over 10.67m; including 10.2 g/t Au over 1.52m. New target that is open along strike and at depth.

    • Braz NE Target: 3.18 g/t Au over 4.57m from surface. New target that is open along strike and at depth.

    • Dorset Main Target: 1.41 g/t over 7.62m. Confirming geometry of the mineralized zone.

    * See Leocor News Release dated December 1, 2022.

    The Dorset project is highly prospective for additional high-grade gold zones and the 2024 program will be designed to test some of the priority zones within a prominent 1 x 2 km gold-in-soil anomaly delineated by Leocor in 2022.


    Click Image To View Full Size

    Figure 1: Fall 2022 drill locations, Dorset claims, Baie Verte Project, NW Newfoundland

    Figure 2: soil anomalies, Dorset claims, Baie Verte Project, NW Newfoundland

    Copper Creek Claims

    The Copper Creek portion of the Baie Verte Project has had little copper-focused work completed over the past few years and provides excellent exploration potential. In 2021 the Company completed exploration work at Dorset and Copper Creek that included soil sampling, GT Probe sampling, geophysics, LiDAR and high-resolution drive imagery surveys*. Highlights of the program include:

    • Multiple targets identified along 7km northeast trending zone of anomalous gold in soils and a 4km subparallel trend of anomalous copper (+/- gold) in soils with results up to 1601 ppb gold (“Au”) and 2862 ppm copper (“Cu”).

    • Indications of two styes of mineralization on the project including VMS style copper (+/-gold-zinc) mineralization and structurally controlled gold mineralization with similarities to the nearby Pine Cover Mine.

    Shawn Ryan, Leocor’s Technical Advisor, said at the time, “Here we have an area that has seen a lot of previous exploration work, from gold to base metal and the detailed 2021 soil program outlined a brand new 6.5 Km mineralized gold trend that has not been previous seen. And the soil work also outlined a nice base metal Copper-Zinc target measuring 1200m by 400m sitting directly across from the old Terra Nova base metal deposit. Having one of these anomalies is impressive but having two is exceptional.”

    * See Leocor News Release dated May 19, 2022.

    Historic results* at Copper Creek includes grab sample values of 1019 – 9414 ppm Cu and assays of up to 4.4% Cu while channel sampling yielded assays of up to 0.85% Cu over 2m (Dunsworth, 2004).

    Channel sampling, by Anaconda, returned assays of up to 0.196% Cu over/2 m (Dunsworth, 2004). However, further southwestward extension of the T5 site, by Chan, in 2007 (via a 2×14 m trench) revealed a notable increase in sulphide content and grades; samples from a 1 m wide subzone of semi-massive to massive sulphide (60-70% pyrite) returned several assays in the range of 1.46% – 7.1% Cu.

    Prospecting performed in 2015, along the access road, trending 100-300 m NW of the T5 site, resulted in the discovery of several roadside ditch exposures of chalcopyrite mineralized, sheared/chloritized, gabbro to micro gabbro, which returned sample assays of 1.3% & 3.22% Cu as well as several values in the range of 1760 – 9770 ppm Cu. Soil sampling, also carried out in 2015 – involving several 100-200 m-spaced sample lines emplaced across the general strike of the above mineralized chlorite and chlorite-sericite- quartz schist zones – returned consistently anomalous Cu results of 100-762 ppm. Three closely spaced soil samples taken over the T5 site (prior to the 2004 trenching) returned Cu assays of 237 ppm, 522 ppm & 586 ppm Cu.

    * General Report on the Copper Creek (Gold) Property, Baie Verte Peninsula, Newfoundland MINERAL LICENCES 22882M, 23602M, 23603M, 23801M, 26090M & 23802M (41 CLAIMS) Prep. By: Wilson Jacobs For: Lai Lai Chan, February 28, 2020

    About Leocor’s Baie Verte Project

    The Baie Verte Peninsula represents one of the more productive and historical gold and base metal mining districts in Canada. The former Terra Nova base metal mine – one of several copper mines of the region, which operated during the late 1880’s to early 1900’s – lies 200 meters west of Leocor’s Copper Creek claims. Former gold mining operations in the area include the Goldenville mine (of 1903-1906), located 8 km NE of the property, and the more recent Nugget Pond mine (1997-2000) of the eastern Baie Verte Peninsula area. Currently producing mines in the area include the Rambler base metal-gold mine (1961-present), located 14 km ESE of Baie Verte, and the Pine Cove and Stogertite mines (collectively, 2011-present) located 1.6 km and 5.4 km NE of the current property.

    The Baie Verte project combines the Dorset, Dorset Extension, Five Mile Brook and Copper Creek projects consisting of fourteen mineral licenses, totalling 80 claims, and covering 1995 hectares (19.95 square km).

    The Dorset Gold Project is a 275-ha gold exploration project, located south of the Pine Cove Gold Mine, and features multiple zones of high-grade gold mineralization. The Main Dorset Zone includes three historic showings, referred to as Dorset 1, 2 and 3 Showings. High-grade grab samples from Dorset 1 returned 407.9, 349.2, 147.1, 143.9, 138.2, 108 g/t Au, among others. Grab samples from Dorset 2 returned 167.0, 96.12, 84.3, 49.7, 23.8,4.33 and 1.33 g/t Au (MacDougall and Walker, 1988).

    Historic select sampling at the Braz Zone returned values of 314 g/t Au, 40 g/t Au, 31.4 g/t Au, 21.2 g/t Au, 19.2 g/t Au, and 14.8 g/t Au. Historic channel sampling across the vein returned 9.5 g/t Au over 0.4m, 5.7 g/t Au over 0.5m and 1.2 g/t Au over 0.65m. Weighted averages of historic rock sampling encompassing vein and mineralized wall rock returned values of 5.8 g/t Au over 1.9m, 3.1 g/t Au over 2m and 2.5 g/t Au over 1.5m (MacDougall, 1990).

    Copper Creek (1,025-ha) hosts several gold prospects and copper occurrences associated with extensive alteration/shear zones developed within a thrust-faulted sequence of quartz-Fe-carbonate-fuchsite-altered gabbros, ultramafics and mafic volcanics, of the Advocate (ophiolite) Complex, and intermediate to silicic volcaniclastics & tuffs and micro gabbroic dykes/sills, of the Flatwater Pond (cover sequence) Group.

    Five Mile Brook (350-ha) has been subject to minimal exploration in the past but shows potentially important geological continuity to the Company’s Dorset Gold Project, which lies directly contiguous to the northern boundary.

    *Data reported here is historic in nature and has not yet been verified by a Qualified Person. Leocor has relied on the information supplied in the Noranda assessment reports (quoted above) and others, and from information found in MODS (Mineral Occurrence Data System) published by the Newfoundland Department of Natural Resources.


    Click Image To View Full Size

    Figure 3. Regional location of Leocor’s Baie Vert District landholdings.

    * Historic rock samples and grab samples mentioned in this release are selective by nature and are unlikely to represent average grades of the property

    * The reported drill intercept is an intersected length and is not a true width

    *The Company cautions readers that samples are selected samples and not necessarily representative of the mineralization hosted on the property.

    Private Placement

    The Company also announces that it intends to conduct a private placement of up to 30,000,000 units (each, a “Unit“), at a price of $0.05 per Unit for gross proceeds of up to $1,500,000. Each “Unit” will be comprised of one common share of the Company, and one-half-of-one common share purchase warrant exercisable at a price of $0.10 for a period of thirty-six months.

    The Company intends to use the gross proceeds to advance the exploration and development of its gold and copper projects in Newfoundland, and for general working capital purposes.

    In connection with the placement, the Company may pay finders’ fees to eligible third parties who have assisted in introducing subscribers to the Company. All securities to be issued in connection with the placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

    Qualified Person


    The technical information contained in this press release has been reviewed and approved by Mike Kilbourne, P. Geo, and Jodie Gibson, P. Geo, both independent qualified persons as defined in National Instrument 43-101.

    About Leocor Gold Inc.

    Leocor Gold Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada. Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District. Leocor’s Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000-hectare exploration corridor. The Company also controls district scale land packages in North Central Newfoundland, known as Robert’s Arm, Hodge’s Hill, and Leamington, (collectively “Western Exploits”) representing over 144,000 hectares (1,440 square kilometers) of prospective exploration ground.

    Contact Information

    Leocor Gold Inc.

    Alex Klenman, Chief Executive Officer

    Email : [email protected]

    Telephone : (604) 970-4330

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

    Cautionary Statements Regarding Forward-Looking Information

    This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms and conditions of the Option. Although Leocor believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

    Forward looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. Leocor cautions investors that any forward-looking information provided by Leocor is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the state of the financial markets for Leocor’s securities; the state of the natural resources sector in the event the Option, or any of them, are completed; recent market volatility; Leocor’s ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that Leocor is unaware of at this time. The reader is referred to Leocor’s initial public offering prospectus for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through Leocor’s issuer page on SEDAR+ at www.sedarplus.ca.

    The forward-looking statements contained in this press release are made as of the date of this press release. Leocor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450322935/2895/2024-04-04T08:30:19

  • Aether Announces Late Filing of Annual Financial Statements and Management Cease Trade Order

    (via TheNewswire)

    Aether Global Innovations Corp.

    Vancouver, B.C. – TheNewswire – April 3, 2024 – Aether Global Innovations Corp. (CSE:AETH) (OTC:AETHF) (Frankfurt:4XA) (WKN#A2N8RH) (“Aether Global”, “AETH”, or the “Company”), announced today that, as a result of delays to its audit, the Company’s annual financial statements and accompanying management’s discussion and analysis for the fiscal year ended November 30, 2023 (the “Annual Filings”) were not finalized by April 2, 2024, being the date that such filings are due under applicable Canadian securities law requirements. The Company has applied for, and has been granted, a management cease trade order (the “MCTO”) by the British Columbia Securities Commission.

    The principal reasons for the delay relate to the quantification of losses incurred by subsidiary corporations which are no longer controlled by the Company. During the MCTO, the general investing public will continue to be able to trade in the Company’s listed common shares. However, the Company’s Chief Executive Office and Chief Financial Officer will not be able to trade in the Company’s common shares.

    The Company currently expects to file the Annual Filings on or before May 30, 2024 and will issue a news release announcing the completion of the filings at such time. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Order for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require the Company to issue bi-weekly default status reports by way of a news release so long as the Annual Filings have not been filed.

    About Aether Global Innovations Corp.

    Aether Global Innovations Corp. is an innovative UAV and drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include (i) drone management and surveillance monitoring, (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging, and take off. www.aethergic.com

    ON BEHALF OF THE BOARD OF DIRECTORS

    Philip Lancaster, CEO & President

    Aether Global Innovations Corp.

    [email protected]

    Forward Looking Statements

    Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

    NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450301287/2895/2024-04-03T19:45:43

  • Integrated Cyber Solutions Corrects Statement in Previous Release Issued on April 2, 2024

    (via TheNewswire)

    Integrated Cyber Solutions Inc.

    Vancouver, British Columbia – TheNewswire – April 3, 2024 – Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G) (“Integrated Cyber” or the “Company”) wishes to correct an error in its previously issued press release titled, “Integrated Cyber Solutions Unveils Joint Venture Partnership with Hospitality Company in the Middle East” issued on April 2, 2024.

    The error pertains to the status of the relationship with HSG Middle East. We apologize for any inconvenience this may have caused and appreciate your understanding.

    The Company intended to announce that it has entered into a Letter of Intent to form a Joint Venture (“JV”) partnership (“ICS Middle East”) with an established company based in the UAE, HSG Middle East (“HSG”). Since 2012, HSG has been delivering specialized hospitality network and technology solutions across the Middle East. HSG is a member of the Gulf Cooperation Council (GCC), with relationships totaling over 500 hotels and 55,000 rooms in the region.

    The purpose of the Joint Venture with HSG will be multi-faceted and strategic by nature. By establishing ICS Middle East, Integrated Cyber seeks to cultivate business alliances involving strategic partnerships with local entities to leverage their expertise and networks. Through this partnership, the Company anticipates gaining access to local market insights, cultural nuances, and regulatory knowledge essential for navigating and participating in this unique regional landscape.

    Specifically, ICS Middle East will initially be focused on five key areas to grow its presence and commercial opportunities in the region:

    ? Collaborate with the UAE Government to develop a credentialing system tailored for individuals, corporations, and government agencies within the UAE

    ? Maintain focus on delivering cyber services to the power generation industry, leveraging its expertise honed through serving a major electricity generator company with over 15 power plants. It is anticipated that ICS Middle East will be in contention to provide cyber services to a power plant supplying approximately 20% of Dubai’s electricity

    ? Offer cyber services to existing hotel and hospitality clients of HSG, which include prominent names such as EMAAR Hospitality, Fairmont, Hilton, Atlantis, Jumeirah Hotels, Rotana, and Starwood hotels

    ? Establish a partnership with a leading provider of critical IT services and hardware to the UAE healthcare sector to offer cyber services to the Company’s existing client base

    ? Capitalize on the momentum created by HSG’s new office in Riyadh, Saudi Arabia, with plans to replicate the successful approach in the UAE by providing cyber services to hospitality, healthcare, and governmental sectors. This initiative builds upon existing relationships with entities such as the Saudi Arabia National Guard, NEOM, and the Sovereign Investment Fund PIF.

    ICS Middle East participated in the ISACA Infosec/Cyber Security 2023 Conference in Dubai, winning the Best Newcomer award. ISACA is a global professional association and learning organization that leverages the expertise of its more than 165,000 members who work in digital trust fields such as information security, governance, assurance, risk, privacy, and quality. It has a presence in 188 countries, including 225 chapters worldwide.

    About Integrated Cyber Solutions

    Integrated Cyber Solutions is a managed security service provider (MSSP) that humanizes cybersecurity managed services to the Small-to-Medium Business (SMB) and Small-to-Medium Enterprise (SME) sectors. The Company integrates capabilities from third-party cybersecurity providers, ensuring customers have access to the latest cybersecurity solutions. Apart from providing essential cybersecurity services, Integrated Cyber’s managed services and IC360 technology platform consolidate vast amounts of information to generate actionable intelligence from the numerous software point solutions within their customer’s environments. The results enable simple, understandable, and actionable insights to help customers comprehend and better secure their organization.

    About Hospitality Solution Group

    Hospitality Solution Group (HSG) is a team of seasoned hospitality sourcing professionals who provide supplies and technology solutions in the hospitality sector. With a global outlook and a local focus, they collaborate with manufacturers, consultants, distributors, and end users to enhance and protect the hotel guest experience.

    The Company’s headquarters in Melbourne, Australia, serves as the hub for its operations, which are complemented by offices and warehousing in Dubai to serve the Middle East region. Leveraging their extensive international experience, they curate innovative products worldwide and establish long-standing relationships with manufacturers.

    HSG specializes in highly customized hospitality solutions, ensuring their products seamlessly work with the operations of hotels, restaurants, venues, or offices. More information can be found at: http://www.hospitalitysolutiongroup.com

    Contact:

    Media Relations Team

    email: [email protected]

    Forward-Looking Statement

    This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. These statements are based on current expectations and projections about future events. Forward-looking statements are often, but not always, identified by words such as ‘anticipate’, ‘expect’, ‘intend’, ‘plan’, ‘believe’, ‘seek’, ‘estimate’, ‘will’, ‘project’, ‘continue’, ‘predict’, ‘potential’,’ target’, ‘forecast’, ‘budget’, ‘goal’, ‘may’, ‘should’, ‘could’, or similar expressions. In this press release, the forward-looking statements include, but are not limited to, expectations regarding the implementation of marketing and investor relations services of White Rabbit Projects Pte. Ltd., Sagacity Capital Media, Investing News Network, Guerilla Capital, and First Phase Capital; and, in particular, the anticipated effects of the proposed marketing services. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to materially differ from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the following: economic conditions, industry trends, regulatory changes, competition, technological advancements, and other factors beyond our control. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450297089/2895/2024-04-03T18:00:44

  • Zonetail Announces Amendment of Debentures Terms and Extension Period of Warrants

    (via TheNewswire)

    Zonetail Inc.

    Toronto, Canada – TheNewswire – April 3, 2024- (TSXV:ZONE, OTCPinks:ZTLLF) – Zonetail Inc. (“Zonetail” or the “Company”) is pleased to announce amendment to the terms of a non-brokered private placement of its Series A 20% secured notes (“Notes”) (see press release dated April 24, 2023). The Company closed $203,800 of the Notes with insiders subscribing for $115,500 or 57% of the Offering.

    Interest on the Notes is payable in cash on the anniversary of each note. The Note Holders have agreed to defer the first year’s interest (the “Deferred Amount”) on the Note until the Notes mature in April 2025. The Deferred Amount will bear interest at 20% per annum.

    Included with the Notes, the Company issued 4,076,000 warrants (the “Warrants”) with each Warrant exercisable into one (1) common share of the Company for one year from the closing date at an exercise price of $0.05 per warrant. The Company has applied to the TSX Venture Exchange to extend the expiry period of the Warrants for an additional 1 year, to April 2025.

    All other terms of the Notes and Warrants remain unchanged.

    The issuance of securities to insiders pursuant to the Offering (“Insider Participation”) is considered to be a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101”). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(g) and 5.7(1)(e) of MI 61-101 in respect of the Insider Participation.

    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.

    About Zonetail

    Zonetail Inc. (TSXV: ZONE) (OTCPinks: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model – providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home. Zonetail is partnered with Yardi, Shiftsuite and now MRI Software which together account for an estimated 50 million households across North America.

    Please visit https://www.zonetail.com.

    For more information, please contact:

    Mark Holmes, President and CEO, Zonetail Inc.

    T: (416) 994-5399 E: [email protected]

    Legal Disclaimer and Forward-Looking Statements

    This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450295868/2895/2024-04-03T17:25:45

  • Molten Metals Announces Loan Agreement

    (via TheNewswire)

    Molten Metals Corp.

    Vancouver, B.C., April 3 2024 – TheNewswire – MOLTEN METALS CORP. (the “Company“) (CSE: MOLT) (FSE: Y44) (ISIN: CA60872A1066), announces that it has entered into a loan agreement with a director of the Company pursuant to which the Company may borrow $100,000. Amounts borrowed will bear interest at a rate of 15% per annum and will be due and payable on March 7, 2025. Pursuant to the loan agreement, the Company will issue to the Lender 800,000 bonus shares of the Company at a price of $0.025 per share.

    The Lender is a related party to the Company and the Loan constitutes a ‘related party transaction’ pursuant to Multi-Lateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is relying on the exemptions from the formal valuation requirements contained in section 5.5(b) of MI 61-101 and the minority shareholder approval requirements contained in section 5.7(1)(b) of MI 61-101.

    About the Company

    Molten Metals is developing Antimony & Antimony-Gold mine projects. Antimony is a critical element with many industrial applications, including ammunition and fire retardants. The upcoming potential new usage is in the mass-storage devices i.e. molten-salt batteries. For further information, please refer to the Company’s disclosure record on SEDAR (www.sedar.com) or contact the Company by email at [email protected] or by telephone at 778.918.2261.

    For Additional Information Please Contact

    Brooklyn Reed Corporate Secretary Molten Metals Corp. 778.918.2261

    Email: [email protected]

    The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450295598/2895/2024-04-03T17:10:18

  • G2 Energy Corp. Closes the Second and Final Tranche of the Previously Announced Non-Brokered Private Placement

    (via TheNewswire)

    G2 Energy Corp.

    Vancouver, British Columbia – TheNewswire – April 3, 2024 – G2 Energy Corp. (CSE:GTOO, FWB:UD9) (the Company” or “G2“) announces today that pursuant to its news releases dated November 2, 2023, December 18, 2023,December 21, 2023, January 5, 2024, and March 22, 2024 it has closed the second and final tranche of the non-brokered private placement.

    The Company has issued 84,000 common shares (the “Common Shares“) in the capital of the Company at a deemed price of $0.05 per Common Share to a creditor to settle $4,200.00 in debt.

    The Company has also issued an aggregate of 6,175,900 units (“Units“) in the capital of the Company at a deemed price of $0.05 per Unit to certain creditors to settle an aggregate of $308,795 in debt of the Company (the “Second and Final Tranche Closing“). Each Unit consists of one (1) common share in the capital of the Company and one (1) common share purchase warrant (the “Warrant“).

    Each Warrant is exercisable by the warrant holder to acquire one (1) additional common share at a price of CAD$0.08 for a period of twenty-four (24) months from the closing of the Second and Final Tranche Closing, subject to an acceleration clause whereby if the closing price of the Company’s common shares is greater than $0.12 for a period of 10 consecutive trading days on the stock Canadian Securities Exchange (subject to adjustment for subdivisions, consolidations, and similar events), then the Company may, in its sole discretion, elect to provide written notice (the “Acceleration Notice“) to the Holder of the Warrants that the Warrants will expire at 5:00 p.m.(Vancouver time) on the date that is 60 days from the date of the Acceleration Notice (the “Accelerated Expiry Time“). In such instances, all Warrants that are not exercised prior to the Accelerated Expiry Time will expire at the Accelerated Expiry Time.

    As a creditor to the Second and Final Tranche Closing of the private placement, Slawomir Smulewicz, a director and officer of the Company, acquired indirectly, 1,600,000 Units. As a creditor to the Private Placement, Markus Mair, a director of the Company, acquired indirectly, 600,000 Units. Participation of insiders of the Company in the Offering will constitute a related party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company intends to rely on the exemption from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and the exemption from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(a) of MI 61-101.

    The securities issued pursuant to the Second and Final Tranche Closing of the private placement are subject to a statutory hold period of four (4) months plus one (1) day hold that expires on July 4, 2024.

    On Behalf of the Board,

    Slawek Smulewicz

    Slawek Smulewicz

    Chairman, CEO

    For further information, please contact:

    Slawek Smulewicz

    T: +1 604 765 5684

    E: [email protected]

    W: WWW.G2.ENERGY

    About G2 Energy Corp.

    G2 is a junior oil and gas producer listed on the CSE exchange. It’s primary focus is to acquire and develop additional overlooked, low risk, high return opportunities in the oil and gas sector. G2’s strategy is to obtain a portfolio of risk-managed production and development opportunities onshore, U.S.A. In May 2022, G2 acquired the Masten Unit in the Permian Basin, Texas. The Masten Unit is the Company’s first producing asset. G2 is targeting top tier projects with operating netbacks and infrastructure facilities which will fast track overall oil and gas production growth.

    The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

    Forward Looking Statements Caution

    Statements in this press release regarding the Company which are not historical facts are “forward-looking statements” that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future, including expectations regarding the Company’s ability to meet its outstanding obligations, and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions may not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities may not be achieved. These risks and uncertainties include but are not limited to those identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. The Company’s ability to meet its outstanding obligations could differ materially from those currently anticipated due to factors such as: the performance of facilities and pipelines, commodity prices, price volatility, price differentials and the actual prices received for the Company’s products, royalty regimes and exchange rates, the availability of capital, labour and services, the creditworthiness of industry partners, G2’s ability to acquire additional assets, unexpected increases in operating costs, and risks associated with potential future lawsuits and regulatory actions made against the Company including but not limited to being found in default of the Company’s obligations to Cloudbreak or Clarmond. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially.

    THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450291262/2895/2024-04-03T14:45:18

  • WhiteRock Lithium Adds 20 Pegmatite Exposures At Its 100% Owned Sacred Banana, High Grade Lithium Project, Quebec

    (via TheNewswire)

    WhiteRock Lithium Corp.

    Highlights

    • Twenty additional pegmatite and pegmatitic exposures have been identified from geological compilation on the Sacred Banana and Yoshi claims;

    • The 20 new pegmatite exposures and the geological province-scale fault are highly prospective and will be explored in the summer of 2024

    Vancouver, British Columbia – TheNewswire – April 3, 2024: WhiteRock Lithium Corp., (“WhiteRock” or the “Company”) through its continuing process of planning various aspects of its 2024 exploration programme has identified, from Quebec government databases, an additional 20 pegmatite and pegmatitic exposures on its 100% owned Sacred Banana and Yoshi claims (see Figure 1). In addition to the diamond drilling which has been proposed for the Spodumene Mountain discovery, the Company will be continuing with reconnaissance geology. The reconnaissance programme will focus on the eastern extension of the Sacred Banana claims where the Vaujours fault marks the boundary between rocks of the La Grande Subprovince and those of the Ashuanipi Subprovince (Labbe, 2001)1.

    The presence of the regional scale Vaujours fault represents an important regional structure related with the Spodumene Mountain. The southwest-northeast trending Vaujours fault has been identified by a topographic high as well as by its prominent low magnetic susceptibility.

    A 1998/99 Quebec government geological survey identified 20 pegmatites and pegmatitic exposures within the Sacred Banana and Yoshi claim blocks. Thirteen exposures occur in close proximity to the Vaujours fault (Figure 1). WhiteRock Lithium personnel interpret that nine of the pegmatite exposures along the eastern extension of the Sacred Banana are high priority. Some of the pegmatites that were identified in 1998 consisted of outcrops that covered more than 900 square metres

    Figure 1 – Additional pegmatites and pegmatitic exposures (blue circles) identified from geological compilation on the Sacred Banana and Yoshi claims.


    Click Image To View Full Size

    Qualified Person

    The scientific and technical information contained in this press release in regards to Quebec has been reviewed and approved by George M. Yordanov M.Sc. He is a Professional Geologist registered in Quebec (OGQ).

    About WhiteRock Lithium

    WhiteRock Lithium is a privately held critical minerals exploration and development company based out of Calgary, Alberta. The Company is focused on exploration for lithium in Canada and on rapidly advancing its flagship Sacred Banana lithium project. The Company currently holds over 100,000 hectares of highly prospective lithium exploration claims in Quebec.

    Website: https://whiterocklithium.com

    WhiteRock Lithium Corp

    1612 17th Ave SW

    Calgary, Alberta

    T2T 0E3

    Information/Contact

    Dustin Nanos, President & CEO

    [email protected]

    1-587-577-9878

    1 Labbe, Jean-Yves, 2001, Geologie Quebec, PRO 2001-02, Crustal lineaments and kimberlite discovery potential in western Nouveau-Quebec, pp. 7

    Copyright (c) 2024 TheNewswire – All rights reserved.

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    COMTEX_450277109/2895/2024-04-03T09:02:32