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Stone Gold Inc. Announces Grant of Stock Options

TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — Stone Gold Inc. (TSX-V: STG) ("Stone Gold" or the "Company") announces that it has granted 100,000 incentive…

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TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — Stone Gold Inc. (TSX-V: STG) (“Stone Gold” or the “Company“) announces that it has granted 100,000 incentive stock options of the Company to a director. The options were granted under the Company’s Stock Option Plan and each stock option entitles the holder to acquire one Stone Gold common share at an exercise price of $0.11 until July 12, 2026 and vest immediately.

For further information, please contact:
Mr. John Timmons
President & CEO
Stone Gold Inc.
Cellular (416) 931 2243
Email: [email protected]
Web: www.stonegold.ca

Stone Gold Inc. is engaged in the acquisition and exploration of mineral projects for the mining of precious and base metals. The Company is currently exploring in Red Lake, Ontario and Batchewana Bay, Ontario, Canada.

Caution Regarding Forward-Looking Information
This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Stone Gold. Forward-looking statements include estimates and statements that describe Stone Gold’s future plans, objectives or goals, including words to the effect that Stone Gold or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Stone Gold, Stone Gold provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Stone Gold’s objectives, goals or future plans, statements, details of the exploration results, potential mineralization, Stone Gold’s portfolio, treasury, management team and enhanced capital markets profile, the timing of the Offering, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. 

Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure or inability to complete the Offering, regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Stone Gold’s public documents filed on SEDAR. Although Stone Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Stone Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.  

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

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Silver Elephant Provides Update On Its Pre-Consolidated Share Trading

VANCOUVER, BC / ACCESSWIRE / January 12, 2022 / Silver Elephant Mining Corp. ("Silver Elephant" or the "Company") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N)…

VANCOUVER, BC / ACCESSWIRE / January 12, 2022 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces further to the news release dated January 12, 2022 regarding the Effective Date for the Plan of Arrangement, trading in the Company’s common shares will commence on a post-Arrangement and post-Consolidation basis on Tuesday, January 18, 2022, or such later date as may be determined by the TSX. The Company will issue a further press release to confirm the date on which the common shares will commence trading on a post-Arrangement and post-Consolidation basis.

Silver Elephant confirms that until such date, which will be beyond the Effective Date of January 14, 2022, the common shares will continue to trade on the TSX on a pre-Arrangement and pre-Consolidation basis. Then at such date, the pre-Consolidated shares will undergo the exchange pursuant to the Arrangement as follows:

The Consolidated common shares will be exchanged on the basis of 10 pre-Consolidation common shares held for:

  1. one post-Consolidation common share of the Company;
  2. one common share of Flying Nickel Mining Corp. (“Flying Nickel“);
  3. one common share of Nevada Vanadium Mining Corp. (“Nevada Vanadium“); and
  4. two common shares of Battery Metals Royalties Corp. (“Battery Metals“).

For more information regarding the Arrangement, readers should refer to the Company’s management information circular prepared in connection with the Meeting, a copy of which is available at www.sedar.com and silverelef.com. Further information on Silver Elephant, Flying Nickel, Nevada Vanadium, and Battery Metals can be found at www.silverelef.com, flynickel.com, nevadavanadium.com, and royalbatt.com, respectively.

SILVER ELEPHANT MINING CORP.

ON BEHALF OF THE BOARD

“John Lee”

Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:

+1.604.569.3661 ext. 101

[email protected]

www.silverelef.com

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

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which include statements regarding the completion of the Arrangement, issuance of a TSX trading bulletin in respect of the Arrangement and the settlement of securities into beneficial shareholders’ accounts, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.

These factors should be considered carefully, and readers should not place undue reliance on the Silver Elephant’s forward-looking statements. Silver Elephant believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Silver Elephant has attempted to identify important factors that could cause actual actions or events to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Silver Elephant undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

None of the securities to be issued pursuant to the Flying Nickel Offering have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws, and any securities issuable in the transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

SOURCE: Silver Elephant Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/683320/Silver-Elephant-Provides-Update-On-Its-Pre-Consolidated-Share-Trading

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Rock Tech Lithium Announces First Batch of Assays from Georgia Lake Drill Program and Field Exploration Agreement

Rock Tech Lithium Announces First Batch of Assays from Georgia Lake Drill Program and Field Exploration Agreement
PR Newswire
VANCOUVER, BC, Jan. 12, 2022

VANCOUVER, BC, Jan. 12, 2022 /PRNewswire/ – Rock Tech Lithium Inc. (the “Company” or “Rock Te…

Rock Tech Lithium Announces First Batch of Assays from Georgia Lake Drill Program and Field Exploration Agreement

PR Newswire

VANCOUVER, BC, Jan. 12, 2022 /PRNewswire/ – Rock Tech Lithium Inc. (the “Company” or “Rock Tech”) (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) is pleased to announce the initial batch of assay results from the Company’s ongoing drill program at its 100%-owned Georgia Lake lithium project in the Thunder Bay Mining District of Ontario (the “Georgia Lake Project”).

The drill program, being carried out by Niigaani Drilling, is designed to confirm the delineated mineral resource, which is intended to form the basis for a Pre-Feasibility Study. Targeting a total of 22,000 metres, the program is focused on five (5) deposits within the Georgia Lake lithium property: Main Zone North (“MZN”), Main Zone Southwest, Conway, Harricana and Line 60. To date, the Company has completed approximately 9,500 metres of drilling with additional samples at the lab pending analysis.

Details from the first round of assays from drill holes that targeted down-dip and strike extensions of known mineralization at the MZN are presented in the following tables:

Hole ID

From (m)

To (m)

Length (m)

True Width (m)

Li2O %

NC-21-06

279.5

291.24

11.74

10.34

1.12

304.35

305.90

1.55

1.36

0.82

NC-21-07

302.36

315.36

13.00

11.45

0.98

319.20

321.05

1.85

1.63

1.31

324.38

325.38

1.00

0.88

1.31

NC-21-09

186.15

198.80

12.65

10.22

1.18

Hole ID

UTM Easting

UTM Northing

Elevation (m)

Hole Length (m)

Azimuth

Dip

NC-21-06

424616

5477850

376

349.6

137

-58

NC-21-07

424616

5477850

376

392.3

137

-66

NC-21-09

425185

5478066

369

285.6

141

-52

Drill holes NC-21-06 and NC-21-07 were drilled from the same setup, targeting the down-dip extension of known mineralization. The results from these holes confirms that mineralization extends down-dip.

Drill hole NC-21-09 was drilled on the eastern periphery of the MZN. The results from this drill hole confirm the extension of mineralization along strike at shallow depths.

Figure 2 - Cross-section for drill hole NC-21-09 (CNW Group/[nxtlink id=

Robert MacDonald, General Manager of the Georgia Lake Lithium Project: “We are pleased with the progress being made on all aspects of the Georgia Lake Project including the diamond drill programme. We anticipate concluding the current drill programme during the winter of 2022 and remain focused on realizing the potential of the property.” 

Samples were taken across every spodumene-bearing pegmatite and 1m into the barren host rock on either side of the dykes. Sample lengths were around 1m, though individual sample length was determined based on internal zoning of the dykes and the locations of their contacts. Core to be sampled was cut in half with one half being sent for analysis and the other half remaining in the box for reference. All core is stored at Rock Tech’s core facility in Beardmore, Ontario. Each sample was put into its own plastic sample bag with a sample tag and closed with zip ties. About 12.5% of samples submitted to ActLabs for analysis are QAQC samples that were inserted into the sample stream and consist a high- and low-grade Lithium standards, blank material, and duplicates.

Samples were sent to ActLabs preparation laboratory in Geraldton, Ontario for crushing and pulverizing and were subsequently sent to ActLabs geochemistry laboratory in Ancaster, Ontario for analysis of 41 elements using fusion plus ICP-OES or ICP-MS. Analysis for lithium was completed using a sodium peroxide fusion plus ICP-OES.

ActLabs is independent of the Company.

Field Exploration Agreement

Furthermore, Rock Tech announces that it has entered into a field exploration agreement (the “Agreement”) with Bingwi Neyaashi Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek and Red Rock Indian Band (the “First Nations Groups”) setting out a framework for Rock Tech’s consultation and accommodation activities with the First Nations Groups in connection with exploration activities at the Georgia Lake Project.

Under the terms of the Agreement, Rock Tech has agreed to, among other things, grant an aggregate of 750,000 common share purchase warrants (“Warrants”) to the First Nations Groups, with each First Nations Group receiving 250,000 Warrants. Each Warrant will entitle the holder thereof to purchase one common share in the capital of Rock Tech (a “Warrant Share”) at an exercise price of $6.08 per Warrant Share for a period of 5 years following the date of issuance of such Warrant.

The grant of the Warrants remains subject to, among other things, acceptance of the TSX Venture Exchange (the “TSX-V”).

Stock Options

Additionally, the Company announces that is has granted an aggregate of 1,196,000 stock options to directors, officers, employees and consultants of the Company pursuant to the Company’s stock option plan.

Of the total, 846,000 stock options granted to directors and consultants will vest over a twenty-four-month period with 50% vesting on the date that is twelve months after the grant date with the remaining 50% vesting monthly thereafter. Each stock option granted has an exercise price of $6.08 per share and an expiry date of January 12, 2026.

The remaining 350,000 stock options granted to employees will vest over a forty-eight-month period with 25% vesting on the date that is twelve months after the grant date with the remaining 75% vesting monthly thereafter. Each stock option granted has an exercise price of $6.08 per share and an expiry date of January 12, 2028.

Management Changes

The Company also announces the appointment of Ms. Monique Hutchins to the position of Corporate Secretary, replacing Mr. Brad Barnett. Furthermore, the Company announces the resignation of Stephan Egle from the position of Chief Operating Officer due to health reasons.

Scientific and Technical Disclosure

The scientific and technical disclosure included in this news release has been reviewed and approved by Robert MacDonald, P.Eng., General Manager of the Georgia Lake Project, a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects. Exploration data was collected and verified following the guidelines outlined in CIM Mineral Exploration Best Practice Guidelines.

About Rock Tech Lithium Inc. 

Rock Tech Lithium is a cleantech company with operations in Canada and Germany that aims to supply the automotive industry with high quality lithium hydroxide “made in Germany“. As early as 2024, the company intends to commission Europe’s first lithium converter with a production capacity of 24,000 tonnes per year. This is equivalent to the volume needed to equip around 500,000 electric cars with lithium-ion batteries. 

The cleantech company has set itself the goal of creating the world’s first closed loop for lithium, thus closing the raw material gap on the road to clean mobility. Rock Tech owns the Georgia Lake Project in Ontario, Canada and, as early as 2030, around 50 percent of the raw materials used are expected to come from the recycling of batteries.

Rock Tech Lithium – The super fuel for the battery age

www.rocktechlithium.com

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

Cautionary Note Concerning Forward-Looking Information

The following cautionary statements are in addition to all other cautionary statements and disclaimers contained elsewhere in, or referenced by, this press release.

Certain information set forth in this press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, which information is based on Rock Tech’s current expectations, estimates, and assumptions in light of its experience and is perception of historical trends. All statements other than statements of historical facts may constitute forward-looking information. Often, forward-looking information can be identified by the use of words or phrases such as “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and all other indications of future tense. All forward-looking information set forth in this press release is expressly qualified in its entirety by the cautionary statements referred to in this section.

In particular, this press release contains forward-looking information pertaining to: statements regarding the Rock Tech’s ongoing drill program, including its objectives and results and the associated timing thereof; the Company’s expectations regarding the Georgia Lake Project; satisfying all conditions to the grant of the Warrants, including receipt of the approval of the TSX-V; Rock Tech’s opinions, beliefs and expectations regarding the Company’s business strategy, development and exploration opportunities and projects, and plans and objectives of management for the Company’s operations and properties.

Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. This forward-looking information was derived utilizing numerous assumptions regarding, among other things: the satisfaction of all conditions to the granting of the Warrants, including receipt of the approval of the TSX-V; the supply and demand for, deliveries of, and the level and volatility of prices of, intermediate and final lithium products; expected growth, performance and business operation; future commodity prices and exchange rates; prospects and opportunities; general business and economic conditions; results of development and exploration; interest and tax rates; the availability of capital to fund future capital requirements relating to existing assets and future projects; future operating costs; receipt of all required regulatory approvals on the expected terms and in a timely manner;  and Rock Tech’s ability to procure supplies and other equipment necessary for its business. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect and should not be read as a guarantee of future performance or results.

In addition, forward-looking information involves known and unknown risks and uncertainties and other factors, many of which are beyond Rock Tech’s control, that may cause actual events, results, performance and/or achievements to be materially different from that which is expressed or implied by such forward-looking information. Risks and uncertainties that may cause actual events, results, performance and/or achievements to vary materially include: the Company’s ability to access funding required to invest in available opportunities and projects (including the Georgia Lake Project) and on satisfactory terms; the current and potential adverse impacts of the COVID-19 pandemic, including future outbreaks or mutations and any associated policies or restrictions on business; the risk that Rock Tech will not be able to meet its financial obligations as they fall due; changes in commodity and other prices; Rock Tech’s ability to retain and attract skilled staff and to secure feedstock from third party suppliers; unanticipated events and other difficulties related to the construction, development and operation of the Georgia Lake Project and other projects; the cost of compliance with current and future environmental and other laws and regulations; title defects; competition from existing and new competitors; changes in currency exchange rates and market prices of Rock Tech’s securities; Rock Tech’s history of losses; impacts of climate change; and other risks and uncertainties described from time to time in Rock Tech’s public disclosure documents available on the Company’s SEDAR profile at www.sedar.com, including those discussed under the heading “Financial Instruments and Other Risks” in Rock Tech’s most recently filed Management Discussion and Analysis. Such risks and uncertainties do not represent an exhaustive list of all risk factors that could cause actual events, results, performance and/or achievements to vary materially from the forward-looking information.

The forward-looking information contained in this press release reflects Rock Tech management’s views as at the date such information was created. Other than as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech’s expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech’s plans, objectives and goals and is not appropriate for any other purposes. Given these uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this press release.

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SOURCE Rock Tech Lithium Inc.


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MINERAL HILL OUTLINES ANOMALOUS GOLD-BEARING ZONES ON THE DOT-APEX PROPERTY LOCATED IN SOUTHWESTERN BRITISH COLUMBIA, CANADA

MINERAL HILL OUTLINES ANOMALOUS GOLD-BEARING ZONES ON THE DOT-APEX PROPERTY LOCATED IN SOUTHWESTERN BRITISH COLUMBIA, CANADA
Canada NewsWire
VANCOUVER, BC, Jan. 12, 2022

Trading Symbols:TSX Venture Exchange: MHIFrankfurt: MLN/WKN: A1JKJNOTC Market …

MINERAL HILL OUTLINES ANOMALOUS GOLD-BEARING ZONES ON THE DOT-APEX PROPERTY LOCATED IN SOUTHWESTERN BRITISH COLUMBIA, CANADA

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Trading Symbols:
TSX Venture Exchange: MHI
Frankfurt: MLN/WKN: A1JKJN
OTC Market (US) Pink Sheets: MHIFF

VANCOUVER, BC, Jan. 12, 2022 /CNW/ – Mineral Hill Industries Ltd. (“Mineral Hill” or “Company“) listed on the TSX Venture exchange (“TSXV“) under the trading symbol “MHI” and on the Deutsche Boerse, Frankfurt under the trading symbol “MLN” wishes to announce that it has now received the analytical lab results from its Phase I exploration program conducted on the Dot-Apex property (the “Apex-Property”) during the late season of 2021 and the Company is very pleased that a number of the rock and soil samples are anomalous and contain elevated gold and silver values. The exploration program consisted of soil and rock sampling surveys, limited geophysical VLF-EM survey and reconnaissance scale geological mapping, designed to investigate positive gold results documented in a National Instrument 43-101 technical report, dated Feb. 28, 2021 (Revised September 9, 2021) commissioned by Mineral Hill.

APEX ZONE
Rock and Soil Sample Results:   

Majority of the rock samples collected consist of disseminated arsenopyrite with minor pyrrhotite and pyrite mineralization. Eighteen (18) of the 27 rock samples collected contain anomalous gold with elevated values ranging from 0.233 g/t  to a high of 4.92 g/t  Au. Samples were obtained from both mildly siliceous-carbonate altered, biotite granodioritic intrusive rocks and skarn-altered sedimentary rocks associated with quartz-albite veinlets.  Included in the reconnaissance rock sampling survey was an area not previously investigated, situated at least 1000 meters north of the gold highs noted above. Several samples collected consist of disseminated arsenopyrite with minor pyrite and pyrrhotite carrying gold values ranging 0.758 g/t to 1.9 g/t. This new target area hosts similar alteration and mineralization characteristics and is tentatively interpreted to be the northern extension of the anomalous gold-bearing intrusive granodioritic stock identified to the south.

Majority of the multi-element analyzed soil samples show arsenic (As) as a dominant element and is closely associated with the gold, suggesting arsenic is a good pathfinder and exploration tool. A number of the grid-line control soil samples collected along the southern portion of the Apex zone underlain by intrusive stock carry anomalous arsenic values as high as 7000 ppm with gold-in-soil values of up to 1.41 g/t. and indicate the potential of the mineralized intrusive extending further southward.

DOT ZONE
The reconnaissance exploration surveys carried out over the Dot zone are a follow-up to the gold values highlighted in the NI 43-101 technical report noted above. A number of rock samples documented in the report range from 0.094 g/t to 5.63 g/t Au, ‘selected’ samples contained >15 g/t Au. The exploration program was curtailed due to late season inclement weather conditions. The results from the limited sampling surveys correlate with results documented in the NI 43101 technical report.

Rock and Soil Sample Results:
A total of 15 rock grab samples were collected along a portion of a 40 meter-wide escarpment exposing a highly iron oxidized, sedimentary-hosted altered and mineralized section, representing the Dot zone. Majority of the 15 rock samples are anomalous containing: gold 0.687g/t – 2.07g/t; silver 1.0g/t – 10.2g/t and copper 265ppm – 1765ppm. Arsenopyrite (As) is closely associated with the anomalous samples ranging 4,910ppm – >1% As. Twenty three (23) reconnaissance soil samples were collected over the mineralized Dot zone. A number of the samples contained anomalous gold of up to 156 ppb Au (parts per billion) and up to 312ppm As.

 VLF-EM Survey results:                                                                                                                     A limited VLF-EM (very low frequency-electromagnetic) reconnaissance survey was conducted over the northwest trending Dot zone covered by overburden with the objective to investigate the conductive field strength response of the underlying mineralized fault-shears hosted along the Dot zone.  Two (2) VLF-EM profiles spaced at 100m apart were carried out, a conductive signature response was detected coincidental with arsenic soil anomalous high, which can be interpreted as the underlying extension of mineralized Dot zone, open to the northwest.

Follow-up detail mineral exploration surveys are warranted on the Apex-Property in order to properly constrain the Apex and Dot zones.

Mineral Hill’s exploration program was under the direct supervision of Mr. D.G. (Dan) Cardinal, P. Geo., F.G.A.C. and Q.P. Quality Assurance/Quality Control protocols were followed as set out in the National Instrument 43-101 guidelines. The samples were securely stored and transported to a national accredited laboratory in Vancouver, BC.

Mr. D. Cardinal, P. Geo./Q.P. has reviewed and approved the technical content of this News Release.

ABOUT MINERAL HILL’s PRESENT TRADING HALT

Although the exploration, development and 100% acquisition of the Dot-Apex Claim Group and the Master-ACE Claim Group, located in south-western British Columbia is a primary objective for the Company, Mineral Hill is still pursuing its due diligence in respect to the RTO-Project, consisting of alluvial gems and minerals located in South Africa as referred to in its announcements dated November 17, 2021 and December 13, 2021. The private placement, dedicated as “Bridge Financing” for the completion of the Company’s due diligence of the RTO-Project, announced in the December 13, 2021 news release, has not closed at this point.

Depending on the on the outcome and terms of the definitive agreement, the TSXV will determine the resumption of the Mineral Hill’s temporary “trading halt”.

The Company seeks Safe Harbour

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

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. There is no assurance the property option referred to above will be exercised or the private placement referred to above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to revise or update such statements.

SOURCE Mineral Hill Industries Ltd.


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