ZONTE METALS PROVIDES PROJECT UPDATES

Zonte Metals applies for Wings Point drill permits

2017-10-26 13:23 ET - News Release

Mr. Terry Christopher reports
ZONTE METALS PROVIDES PROJECT UPDATES
Zonte Metals Inc. has provided the following update on the Wings Point and McConnells Jest gold projects. The Wings Point Gold Project, in Newfoundland and Labrador, is host to drill ready bulk tonnage gold targets. The project is located adjacent to the town of Wings Point, approximately 30 km north of Gander, NL. The project is contiguous to TORQ Resources (TORQ-V) where that company recently announced the discovery numerous targets in a regional till survey. The targets at Wings Point are characterized as a disseminated gold system in sediments and analogous to the Touquoy Project of Atlantic Gold (AGB-V) in Nova Scotia where that company recently poured its first gold.
 
The Wings Point Gold Project hosts two large distinct targets which were identified from rock and soil sampling and an Induced Polarization (IP) survey. The IP survey consisted of both chargeability and resistivity surveys. The two targets include; the Western Anomaly which measures 1200m long by 75-150m wide and the Eastern Anomaly which measures 800m long by 225m. The IP anomalies are partially located in an operating rock pit providing excellent access. Bedrock mineralization identified within the rock pit is coincident and above the IP anomalies, which lie about 5 to 15m below surface. The observed surface mineralization is believed to represent fluid flow along fracture zones from the source target below represented in the IP anomalies.

Zonte has applied for drill permits at the Wings Point Gold Project and presently has three of the four required for drilling. Phase 1 will consist of testing both targets from within the rock pit area and total about 750m in five to six drill holes. The Company is well funded for Phase 1 drilling at Wings Point. An update will be provided once the final permit is in hand and the Company has finalized its drilling plans. The Company has also recently acquired through staking a further 33 claims to bring Wings Point total to 101 claims, covering 2525 hectares.

At the McConnells Jest Project in the Yukon Territory, a short five hole Phase 1 drill program was completed in July, 2017. The results showed a discovery at the Two-Four target where drill hole MJ-04 interested mineralization in two distinct zones, at the top and bottom of the core including; 20.44 m of 0.72 g/t Au and 20.28m of 0.69 g/t Au, respectively (see October 6, 2017 press release). Mineralization is characterized by parallel quartz veining hosting arsenopyrite +/- pyrite within a granodorite.

The target type at McConnells Jest is an Intrusion Related Gold System (IRGS) where mineralization is characterized by vertically parallel gold bearing veins which form a low-grade, high-tonnage target. The project is adjacent to the Dublin Gulch Project of Victoria Gold (VIT-V) where construction of the Eagle Mine is in progress. The Eagle Deposit hosts a mineral reserve of 2.66M ounces of gold at 0.67 g/t Au and is characterized as an IRG System (Victoria Gold's webpage). Zonte's McConnells Jest Project is similar in age, geology, structural profile and geochemistry to Victoria Gold's Dublin Gulch project. A well known IRGS is being mined at the Fort Knox deposit in Alaska which is owned by Kinross Gold (K-TSX) and has been in production since 1996. As of December 31, 2014 it still contained a Proven and Probable Mineral Reserve of 2.398M ounces contained within 163.8 Mt at 0.46 g/t Au with cut off grades between 0.19 and 0.35 g/t Au (Kinross's webpage). The McConnell's Jest project is an early stage exploration project and currently there's insufficient evidence to indicate mineralization hosted on the Company's property is similar to that hosted by either the Dublin Gulch or Fort Knox deposits.

The 2018 exploration program at McConnells Jest will focus on expanding the drill discovery at the Two Four Target and field exploration on a number of known targets which include the J Zone, Tea Zone and Big Quartz Targets. Much of the intrusion has not been explored to date and further reconnaissance exploration will focus on those areas. The Company will provide further details on the upcoming program once they have been finalized.
Dean Fraser, P.Geo is the qualified person as defined by NI 43-101 and is responsible for the preparation of the technical disclosures in this press release.

About Zonte
Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company has signed an Option Agreement to acquire 100% of the McConnells Jest project, in the Tintina Gold Belt, located in the Yukon Territory, which is composed of 172 claims totaling approximately 3371 hectares, and holds the drill ready Wings Point Gold Project located in Newfoundland and Labrador. In addition, the Company and a Colombian partner have an application over open areas sitting on top of the Gramalote Deposit in Colombia, which is held by AngloGold Ashanti (NYSE: AU) and B2Gold (TSX: BTO, NYSE: BTG). The title issuance is being contested by the state governing the application and the Company has started legal action to protect its rights.
We seek Safe Harbor.

Organic waste into clean water

Finore Mining completes Micron Waste acquisition

2017-10-20 12:40 ET - News Release

Mr. Rav Mlait reports
MICRON WASTE TECHNOLOGIES INC. ANNOUNCES COMPLETION OF ACQUISITION
Micron Waste Technologies Inc., formerly Finore Mining Inc., has completed its previously announced acquisition of Micron Waste Technologies Inc. In connection with the transaction, the company consolidated its common shares on the basis of one postconsolidation share for each two preconsolidation shares and changed its name to Micron Waste Technologies Inc. The transaction constitutes a fundamental change pursuant to Policy 8, Fundamental Changes and Change of Business, of the Canadian Securities Exchange, and the company will carry on the business of Micron.

The Exchange issued its conditional approval of the Transaction on September 29, 2017. The Company's post-Consolidation common shares (the "Common Shares") will resume trading on the Exchange under the new ticker symbol "MWM" after the Exchange's conditions for listing are satisfied and the Exchange issues its final bulletin confirming the completion of the Transaction. The Company's Common Shares are anticipated to resume trading next week.

Micron Waste Technologies Inc. has developed an innovative technology that transforms organic waste into clean water that meets municipal effluent discharge standards on site. The Micron technology is targeted for supermarkets, restaurants and marijuana producers seeking to reduce costs and improve efficiency in the processing of organic waste. Micron's technology is currently being used by a major B.C. food retailer and has been in operation since December 2016. Micron is also in advanced discussions with quick service restaurants to install the Micron Waste Systems at fast food restaurants to handle their organic waste on site. In addition, Micron is in advanced discussions with an industry leading marijuana cultivator in Canada to develop and install the Micron Waste System at their licensed cultivation facilities. For more information about Micron, please visit www.micronwaste.com

The Company acquired all of the issued and outstanding shares of Micron through a three cornered amalgamation involving a wholly-owned subsidiary of the Company and Micron. Pursuant to the Transaction, the Company issued to the shareholders of Micron an aggregate of 28,877,000 Common Shares. Outstanding Micron common share purchase warrants by their terms became exercisable for an aggregate of 27,044,200 Common Shares at their existing exercise prices of $0.25 to $0.50 per share.

With the completion of the Transaction, the Company has 60,263,765 Common Shares issued and outstanding (on an undiluted basis). The principals of the Company collectively hold 8,263,500 Common Shares, all of which are subject to an Escrow Agreement pursuant to the policies of the Exchange. The company is well funded with approximately $5.5M in working capital and zero debt.
In connection with the completion of the Transaction, the Company is pleased to announce its board of directors as follows: Rav Mlait, Kulwant Malhi, Bharat (Bob) Bhushan, Cam Battley and Dr. Hyder Khoja. In addition, Mr. Mlait will serve as Chief Executive Officer and Mr. Sadhra will serve as Chief Financial Officer.
We seek Safe Harbor.

NRG Metals Files Technical Report

NRG Metals files Hombre Muerto North technical report

2017-10-16 12:59 ET - News Release

Mr. Adrian Hobkirk reports
NRG Metals Files Technical Report for Hombre Muerto North Project, Argentina
NRG Metals Inc. has filed a National Instrument 43-101 technical report dated Sept. 8, 2017, entitled "Technical Report for the Hombre Muerto North Project, Salta and Catamarca Provinces, Argentina" under the company's SEDAR profile and its website. The report was prepared by of Montgomery & Associates Consultores Limitada and authorized by Michael J. Rosko, MSc, PGeo, an independent qualified person under NI 43-101.
Highlights:

• brine chemistry results reveal high lithium values;
• geophysical SCAMT sections identify two large resistive anomalies;
• recommendation for further Eexploration to support a resource calculation;
• eight-hole drill program to test the expected lithium zone.

The Hombre Muerto North lithium project shares the same hydrogeological basin as the existing FMC Lithium Fenix mine that has been producing lithium carbonate during the past 20 years. It is also adjacent to Galaxy Resources's Sal de Vida project, referred by Galaxy Resources as the "best lithium -- potassium undeveloped project in brines through the Argentinean puna."
In summary, the surface brine chemistry sampling results for the project reveal high values of lithium when compared with other projects in the salars of the puna region, and are consistent with previously reported results for the Sal de Vida project (Houston and Jaacks, 2010; M&A and GAI, 2012). Geophysical CSAMT sections covering the Alba Sabrina, Natalia Maria and Tramo properties define two large resistivity anomalies that may represent deep lithium-bearing brine zones. Given these factors, and the acknowledgement of long-term lithium brine production in the salar by FMC Lithium at their Fenix mine and the brine mineral resource and reserve estimates by Galaxy Resources, M&A judges the project as a property of merit and warrants additional investigations in order to advance to a phase of exploration drilling, testing, and sampling and a level for preliminary economic assessment.

NRG plans to conduct an exploration program to support a mineral resource estimate for lithium on the project, and rapidly move to a development and production phase. An exploration drill program has been planned by the technical team, and will likely include up to eight diamond core holes. Following coring operations, large-diameter (10-inch to 16-inch borehole diameter) rotary-drilled production wells will be installed at the same locations as the diamond drill holes for conducting pumping tests and estimating brine extraction rates for well field development. Anticipated depths for the core holes will range from about 30 metres to 400 metres, with 400 metres as a maximum. The depth of the production wells will be determined based upon the results obtained from the diamond drilling. In addition , a vertical electrical sounding survey may be conducted at the Alba Sabrina property prior to drilling in order to confirm if the hole will be drilled.

Qualified person
Michael J. Rosko, MSc, PGeo, of Montgomery & Associates Consultores Limitada, an independent qualified person as defined by NI 43-101 guidelines, has participated in the preparation of this press release, and has reviewed and approved the technical content.

About NRG Metals Inc.
NRG Metals is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Hombre Muerto North project, the company is evaluating the Salar Escondido lithium project. The Salar Escondido comprises approximately 29,000 hectares. An exploration drill program is currently under way at this location. NRG Metals trades on the TSX Venture Exchange under symbol NGZ, on the OTC QB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN.
We seek Safe Harbor.

EAST ASIA COMMENCES DRILLING

2017-10-10 16:13 ET - News Release

Mr. Terry Filbert reports
EAST ASIA COMMENCES DRILLING AND GEOTECHNICAL SURVEY, PROVIDES UPDATE ON FEASIBILITY STUDY, ENVIRONMENTAL REPORT FOR INDONESIAN GOLD PROPERTY
East Asia Minerals Corp. has provided an update on current exploration activities relating to the continuing Indonesian feasibility study (IFS), Amdal environmental report status, and geotechnical and metallurgical work being conducted at its Sangihe gold property in Indonesia.
The company's focus is on completing Indonesian Feasibility Study (IFS) and AMDAL Environmental reports as once they are submitted and accepted by the Indonesian Mining Department (MEMR), construction of the mining facilities and infrastructure can begin at the Sangihe project. The company anticipates gold processing and production to begin by mid 2018. The Indonesian Feasibility Study is not a Feasibility Study as defined by CIM as required by NI 43-101. The Company cautions readers that the any production decision made by the Company will probably not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks outlined in the "forward looking statement" below.

The IFS, which is being conducted by Resindo Resources and Energy, an Indonesian consulting firm, is well underway and comprised of several elements: Drilling of new geotechnical core samples commenced on September 25, 2017 as part of the required components for Indonesian Feasibility Study (IFS) in order to provide the most up to date and accurate core sample for pit wall design. Hydro-geological surveying is underway and is designed to help locate and identify the water table level in the pit design and best water sources needed for upcoming drilling, heap-leaching and ultimately gold production. The Company anticipates completion of surveying by the end of October, 2017.

Metallurgical surveying has been undertaken to identity the most suitable heap-leaching locations Drilling of the Metallurgy holes to provide the samples required for all of the Metallurgical test work required for the IFS commenced on October 5th and is anticipated to be completed by mid October 2017. The entire Sangihe exploration camp and crew quarters have been completely renovated and are now fully operational.

Town-hall meetings are being conducted with the environmentalist team and local villagers in conjunction with the AMDAL environmental report. The baseline study is expected to be completed by November, 2017 and the AMDAL environmental report by December, 2017.
The Company has expanded local administration, accounting staff and logistical systems in anticipation of developing the Sangihe project from the feasibility stage into full production, slated for mid-2018.

Sangihe Project
The Sangihe gold-copper project is located on the island of Sangihe off the northern coast of Sulawesi and has an existing National Instrument 43-101 inferred mineral resource of 266,000 ounces of Gold. The Company's 70-percent interest in the Sangihe-mineral-tenement contract of work ("CoW") is held through PT Tambang Mas Sangihe (PTTMS). The remaining 30-percent interest in PTTMS is held by three unaffiliated Indonesian corporations. The term of the Sangihe CoW agreement is for 30 years upon commencement of the production phase of the project.

Full Story 

BLUE MOON ENGAGES MDA FOR PRELIMINARY ECONOMIC ASSESSMENT

Blue Moon Zinc hires contractor for Blue Moon PEA

2017-10-10 08:57 ET - News Release

Mr. Patrick McGrath reports
BLUE MOON ENGAGES MDA FOR PRELIMINARY ECONOMIC ASSESSMENT
Blue Moon Zinc Corp. has engaged Mine Development Associates Inc. (MDA) to carry out a preliminary economic assessment of the Blue Moon zinc project in the foothills of California. MDA is an independent and internationally recognized engineering firm based in Reno, Nev. Completion of the PEA is expected in the first quarter of 2018.

The updated NI 43-101 Mineral Resource estimate announced on October 3, 2017 saw a 20% increase in the indicated zinc resource to 377 million pounds of zinc and a 23% increased in the inferred zinc resource to a total of 395 million pounds of zinc, using a 4% zinc equivalent cut-off grade. The updated Mineral Resource estimate will be utilized in the PEA.

Patrick McGrath, Chief Executive Officer, stated "We are confident in MDA's experience to develop a high quality technical report that will provide our shareholders with a preliminary analysis of Blue Moon's economic potential. MDA has a solid reputation and has worked extensively in the western United States. We believe the Blue Moon project represents an excellent near-term development project for our shareholders." MDA's past clients include Golden Queen where MDA co-authored a 2015 feasibility study for the Soledad Mountain mine in Southern California that went into commercial production in December 2016. MDA will be assisted in the PEA by Samuel Engineering, an independent engineering firm based in Denver, Colorado.

The Blue Moon zinc deposit had modest production during World War II with approximately 56,000 tons mined at 12% zinc. Advanced stage work continued during the 1980s and 1990s by mid-tier producers Imperial Metals and Boliden, including scoping and optimization studies, metallurgy testing, baseline work and culminated in the granting of a permit issued by the local Californian County to build a shaft for underground development in 1991. The permit has since lapsed but the past production and historical issuance of permits signifies the local County's past support of the project's development.

The Blue Moon team includes two members with comprehensive knowledge of mining in California including building and revitalizing mines. Lutz Klingmann permitted, built and brought into commercial production the Soledad Mountain mine as Chief Executive Officer of Golden Queen and Lawrence O'Connor restarted the Mesquite mine as VP Operations of Western Goldfield (now New Gold).

About Blue Moon
The 100% owned Blue Moon polymetallic deposit has a Mineral Resource estimate of 3.7 million tons with a grade of 8.3% zinc equivalence including approximately 377 million pounds of zinc in the Indicated category and 4.1 million tons with a grade of 7.8% zinc equivalence including approximately 395 million pounds of zinc in the Inferred category with significant credits of copper, silver and gold. The resource is open at depth and along strike and historical metallurgical testing indicates excellent recovery and a clean zinc concentrate. A NI 43-101 report detailing the resource and summarizing metallurgical recoveries will be available on the company's website (www.bluemoonmining.com) and on SEDAR within 45 days of October 3, 2017. The Company plans to advance the Blue Moon project through to feasibility, permitting and ultimately production.

Qualified Persons
Jack McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis for this press release.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of mineral resources will be converted to mineral reserves. Inferred Mineral Resources are based on limited drilling which suggests the greatest uncertainty for a resource estimate and that geological continuity is only implied. Additional drilling will be required to verify geological and mineralization continuity and there is no certainty that all of the inferred resources will be converted to measured and indicated resources. Quantity and grades are estimates and are rounded to reflect the fact that the resource estimate is an approximation.
We seek Safe Harbor.

Is magnesium the new gold?


Magnesium is 33% lighter than aluminum, 60% lighter than titanium, and 75% lighter than steel. Yet for many applications it’s stronger per unit volume than all three of those structural metals.  Magnesium can also be cast into various mechanical parts and replace aluminum alloys for virtually anything you want to make lighter and stronger.




The automobile industry is starting to use more magnesium in various auto parts due to the looming CAFE standards and EU emissions standards.  The US EPA CAFE (Corporate Average Fuel Economy) standards require automakers to increase average fleet miles per gallon by 15% to 31.3 by 2014 and 25% to 34.1 by 2016 from the current 27.3 average mpg.   In addition, the Obama administration’s new CAFE standards require vehicles to average 54.5 mpg by 2025. That’s a 100% improvement from where we are today!  With these tough laws in place, automakers are looking to magnesium to shave the vehicle weight drastically in order to meet these stringent mpg guidelines.  Wheels, engine blocks, panels, and even the entire roof top can be made from magnesium alloys.

The Corvette Z06 uses magnesium roof components to minimize mass. It also uses a magnesium engine cradle.  With the help of magnesium parts, the Corvette Z06 is one of the lightest high-performance vehicles available on the market.  Ford is also doing a lot of work with magnesium. Ford Explorer, the 2011 North American Truck of the Year, uses magnesium seat frames for its third-row passenger seats. Ford recently announced that its F-150 scheduled to debut in 2014 would use extensive aluminum and magnesium in its design.  The Chrysler Group employs magnesium in the interiors of its Grand Cherokee, Wrangler, Liberty, Compass, and Patriot models.  Its instrument panels and front consol are made out of a single-piece magnesium die cast.  Volkswagen AG, one of the pioneers of using magnesium in its auto parts, uses magnesium gearbox and clutch housing in many of its models, including the Golf models.  These are just a few examples of what automobile companies are doing with magnesium and how it’s impacting our lives.


Everyone wants lighter and thinner laptops, cameras, and cell phones that are durable enough to withstand the daily wear and tear.  Magnesium can make a big difference for these fragile products.  The new HP EliteBook uses a magnesium base and aluminum-clad magnesium case and display enclosure that protects the laptop from the usual drop, shock, heat, vibration, humidity, and pressure as it protects the display from expensive repairs.  Canon’s new professional EOS D50 SLR digital camera is protected by a magnesium casing allowing the camera to resist moisture better than its competitors and it weighs just 25.7 ounces.  Not only is magnesium the best metal with the strength to weight ratio, but it is also 100 times better than plastic for heat dissipation.

Electrovaya closes $695,000 final tranche of financing

2017-10-04 14:25 ET - News Release

Mr. Richard Halka reports
ELECTROVAYA COMPLETES FINAL TRANCHE OF PRIVATE PLACEMENT
Electrovaya Inc. has completed the second and final tranche of its previously announced private placement of units. The Company received subscriptions for Units in excess of the initial planned offering size of $5,000,000, and the second tranche consisted of the issuance of 604,347 Units at a price of $1.15 per Unit for gross proceeds of approximately $695,000. The total aggregate gross proceeds raised in the private placement amounted to approximately $5,295,000.

Each Unit is comprised of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $1.45 for a period of 60 months from the closing of the Offering.
The Common Shares and Warrants composing the Units are subject to a hold period of four months plus a day from the date of issuance pursuant to applicable securities laws. The proceeds of the Offering will be used for general working capital purposes.

The Company paid cash finders fees in the aggregate amount of $48,649.93, representing 7% of the cash proceeds raised in connection with the subscriptions for Units. The Company also issued that number of broker warrants (the "Broker Warrants") as is equal to 7% of the number Units purchased by the subscribers. Each Broker Warrant entitles the holder thereof to purchase one Common Share at a price of $1.45 for a period of 60 months from the date of issuance.
The Common Shares composing the Units and underlying the Warrants and Broker Warrants have been conditionally approved for listing on the Toronto Stock Exchange.

About Electrovaya Inc.
Electrovaya Inc. (TSX:EFL)(OTCQX:EFLVF) designs, develops and manufactures proprietary Lithium Ion Super Polymertrademark batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya, through its fully owned subsidiary, Litarion GmbH, also produces cells, electrodes and SEPARION(TM) ceramic separators and has manufacturing capacity of about 500MWh/annum. Electrovaya is a technology focused company with extensive patents and other Intellectual Property. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada and Germany with customers around the globe.

REPRICING OF WARRANTS

Briacell to lower warrant exercise price to 14 cents

2017-10-03 18:09 ET - News Release

Ms. Farrah Dean reports
BRIACELL ANNOUNCES REPRICING OF WARRANTS
Briacell Therapeutics Corp. is applying to the TSX Venture Exchange for approval to amend the terms of an aggregate of 1,562,500 common share purchase warrants issued pursuant to a non-brokered private placement that closed on May 3, 2016.

The warrants are exercisable into common shares in the capital of the company at an exercise price of 35 cents per common share and are set to expire on April 28, 2019. Subject to exchange approval and the consent of all warrantholders, Briacell will amend the warrants by reducing the exercise price of the warrants from 35 cents to 14 cents, consistent with the current trading value of Briacell's shares.
In accordance with exchange requirements, the terms of each warrant are to be amended to include an accelerated expiry clause, such that the exercise period of the warrants will be reduced to 30 days if, for any 10 consecutive trading days during the unexpired term of the warrants, the closing price of the company's shares is 17.5 cents or more. The proposed warrant amendment is subject to exchange approval.

About Briacell Therapeutics Corp.
Briacell is an immuno-oncology-focused biotechnology company developing a targeted and safe approach to the management of cancer. Briacell's mission is to serve late-stage cancer patients with no available treatment options.

Datametrex AI Technology and Blockchain Update

TORONTO, Oct. 02, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) is pleased to announce further insight into its technology roadmap.

Datametrex is a plug and play solution for vendors. The company extends the life of Point of Sale terminals (POS), without having to upgrade them to new cloud-based devices through its DataTap technology. The DataTap captures all data sent from the POS to the receipt printer and then sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information and make vital business decisions. The value of this data across many retail locations provides imperative business intelligence, and the company plans to implement blockchain platforms to give the data further authentication, verification, and integrity across each specific network of retailer.

This will offer tremendous value to brands that want this insight on POS (Point of Sale) data for products sold through their retail distribution channel. Once Nexalogy, a company being acquired by Datametrex, has the most reliable data from the Datametrex blockchain, it can add key artificial intelligence (AI) techniques to further optimize the data. This combination of blockchain and AI for the POS market is extremely compelling and will be unrivaled in the market. The combination of gathering structured data through Datametrex’s DataTap and unstructured data though Nexalogy’s AI platform, and feeding it into a blockchain platform will truly redefine business intelligence with the most optimum and relevant information.    

Nexalogy’s AI platform unlocks valuable insights and analysis from a variety of data sources, giving brands, corporations, and governments a unique way to analyze information and make better decisions in areas like security, marketing, and overall operations. The company’s proprietary algorithms, when merged with traditional business intelligence provides an innovative platform using artificial intelligence and social data, Nexalogy is also working on predictive and sentiment analysis, entity extraction, and advanced geolocation and filtering techniques.

Nexalogy is emerging as a disruptive leader in the Business Intelligence marketplace with strong focus in Social Data analysis. According to Markets and Markets, a flagship competitive intelligence and market research firm serving 1700 global fortune enterprises, “the Social Media Analytics Market is worth 5.4 Billion USD by 2020. The rapid growth is because of the transition from traditional Business Intelligence (BI) techniques to advanced analytics and the massive surge in the number of social media users and data.”

“We are excited to roll-out our AI platform in a number of new markets and to continue penetrating areas where we have good traction. Additionally, the opportunity to combine AI and blockchain technology while working with rich data sets, provides a vital and truly innovative solution for the business intelligence marketplace. The opportunities for combining traditional and social data are widely needed across the Fortune 1000. Enhancing this data through AI and blockchain protocols propels our platform to the forefront of Business Intelligence,” said Andrew Ryu, Chairman and CEO of the company.

About Nexalogy

Nexalogy unlocks valuable insights from social media data. Through its proprietary semantic clustering algorithms, it provides insights and analysis that aren’t available through traditional business intelligence technology. This technology makes data more relevant and is the missing link in providing actionable social media intelligence to governments and organizations all over the world.

About the Company

Datametrex is a big data company for retail, brands, and other organizations. The company’s DataTap technology captures all data sent from the POS to the receipt printer and scanner, and then sends it to the cloud, so it can be presented for key decision making. The company is planning on integrating the DataTap environment to decentralized blockchains to further authenticate and validate the data collected.  To learn more about the Company, visit: www.datametrex.com.

For further information, please contact:

Jeffrey Stevens – President & COO
Phone:   (647) 400-8494
Email:    jstevens@datametrex.com

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.

Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s and Nexalogy`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s and Nexalogy`s control.

Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.

The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company or Nexalogy to be materially different from those expressed or implied by such information and statements.

Although the Company and Nexalogy believe that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release.

The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.

Everfront Ventures name change to Datametrex AI

2017-09-26 17:01 ET - Change Name
Also New Listing (C-DM) Datametrex AI Ltd
Pursuant to a resolution passed by shareholders Sept. 19, 2017, the company has changed its name as follows. There is no consolidation of capital.

Effective at the opening on Sept. 27, 2017, the common shares of Datametrex AI Ltd. will commence trading on the TSX Venture Exchange, and the common shares of Everfront Ventures Corp. will be delisted. The company is classified as a data processing, hosting and related services company.
Capitalization:  unlimited shares with no par value, of which 75,299,281 shares are issued and outstanding

Escrow:  38,338,650 shares
Transfer agent:  TSX Trust Company
Trading symbol:  DM (new)
Cusip No.:  23809L108 (new)

North Sea appoints Price advisory consultant to board

2017-09-26 02:36 ET - News Release

Mr. Ian Lambert reports
NORTH SEA ENERGY ANNOUNCES ADVISORY APPOINTMENT
North Sea Energy Inc. has appointed Barry James Price, BSc, MSc, PGeo, as an advisory consultant to the board of directors of the company, effective Sept. 26, 2017.
Barry Price has over 40 years of geological consulting experience, including over 30 years of experience in the directorship of public companies. His focus has been the provision of consulting geological services for major and junior exploration companies. These services include the preparation of National Policy 43-101-compliant qualifying reports, property evaluations and development of exploration programs, supervision of major drill programs, and preparation of valuations for reverse takeovers, major transactions and expropriations.

Mr. Price has worked worldwide, undertaking geological activities in Canada, United States, Mexico, Cuba, Panama, Nicaragua, People's Republic of China, Australia, Republic of South Africa, Portugal, Guinea, Ecuador, Argentina and Indonesia. His experience will be of great value to present management as it evaluates new resource opportunities for the company.

North Sea has granted Mr. Price 100,000 incentive stock options, pursuant to the North Sea stock option plan. The stock options have a three-year term and are exercisable up to Sept. 25, 2020, at an exercise price of five cents per share, which price is greater than the market price of the company's shares immediately preceding Sept. 26, 2017. All stock options and any shares issued on the exercise of stock options will be legended with a four-month exchange hold period commencing on the date the stock options were granted.

About North Sea Energy Inc.
The company, founded in February, 2007, is a United Kingdom-focused oil and gas exploration and appraisal company quoted on the TSX Venture Exchange. North Sea, along with its wholly owned subsidiary, North Sea Energy (U.K. NO2) Ltd., holds two high-impact opportunities in the U.K. North Sea. These opportunities are the Bagpuss and Blofeld prospects located in blocks 13/24c and 13/25 of the United Kingdom continental shelf. The company is actively engaged in seeking new resource opportunities to augment its current resource asset portfolio.

360 Capital Financial Provides Investment Update and Announces New Funding Focus in the Blockchain Technology Sector. 

9 hours ago - ACQUIREMEDIA

Vancouver, BC (FSCwire) - 360 Capital Financial Services Group Inc. ("360" or the "Company") (CSE: TSZ) (www.360capital.ca), has held extensive discussions and conducted in depth analysis regarding its previously announced due diligence process with the national technology company, Nerds on Site Inc, a complete small and medium sized business IT solution provider across Canada. As a result of the process, 360 has advised Nerds On Site that it would be best for its business and shareholders to conduct an IPO, which will take place in the near future.  Funding from this offering will allow Nerds on Site to expand into the USA.

Through the process of identifying potential investments, 360’s leadership has identified multiple opportunities with blockchain technology companies requiring capital and mentorship to either scale their proven business models or advance new developments to market.

“We believe that blockchain crypotechology, essentially a distributed ledger which is transparent and uncorruptable, has the potential to substantially change the way business is conducted. Whether it be cryptocurrencies, smart contracts, crowdfunding, data management, the internet of things or stock trading and beyond, a blockchain delivers security, cost savings and efficiency gains not seen before in the internet connected world,” said Mr. George Tsafalas, President, 360.

Subsequent to the closing of its recent private placement, the Company has approximately $1,600,000 in cash and is actively reviewing investment opportunities.
About 360 Capital Financial Services Group Inc.

360 Capital Financial Services Group, through our subsidiaries and affiliated companies, provides a broad range of financial services to emerging private and public companies. We "Connect Capital to Growth" by providing corporate finance advisory, merchant banking, IPO consulting and business advisory services for our clients.
For further information, please contact:
George Tsafalas
President
Telephone: 604-343-2977
E-mail: corporate@360capital.ca

BCSC amends crowdfunding rules

2017-09-21 12:10 ET - News Release

Mr. Peter Brady reports
CHANGES TO START-UP CROWDFUNDING EXEMPTION WILL INCREASE ACCESS TO CAPITAL FOR B.C. ISSUERS
The British Columbia Securities Commission (BCSC) has made improvements to crowdfunding rules that will enable B.C.-based issuers to access investors in Alberta when conducting crowdfunding campaigns. The amendments also permit an increased investment, for some investors, of up to $5,000.

"With these amendments, B.C. is harmonizing the crowdfunding regime and providing start-up and early stage issuers with access to more potential investors and more investment dollars," said Peter Brady, Executive Director of the BCSC. "The BCSC consults extensively with B.C. technology industry businesses and stakeholders, and we're proud that those consultations are yielding real results."

The BCSC's Tech Team recommended the amendments to B.C. Instrument 45-535 Start-up Crowdfunding Registration and Prospectus Exemptions (BCI 45-535) following stakeholder consultations and after reviewing the results of the BCSC's 2017 Tech Survey. The BCSC launched the survey in January 2017 to engage with technology industry stakeholders and businesses and learn what challenges and opportunities the sector currently faces.

Survey respondents who were involved in crowdfunding identified harmonization across jurisdictions as one of their biggest concerns. The new amendments take steps to resolve that issue by allowing an interface between the B.C. and Alberta crowdfunding rules. Respondents also recommended increasing the investment amounts allowed under the current crowdfunding rules. The new amendments raise the investment limit from $1,500 to $5,000, if the investor has obtained advice from a registered dealer that the investment is suitable for them.

"Consultation with industry is very important to us, and we want to thank everyone who took the time to provide their input through the survey," said Brady. "We value the insights of fintech businesses and stakeholders, and we believe that these crowdfunding amendments show our dedication to working with industry." We anticipate issuing a publication later this year that will summarize the results of the survey and our other fintech stakeholder consultations.

Information on BCI 45-535, including guidance tailored for funding portals, issuers and investors, can be found on the BCSC's Start-up Crowdfunding webpage. The BCSC's Tech Team can be reached by email at TechTeam@bcsc.bc.ca.

About the British Columbia Securities Commission (www.bcsc.bc.ca)
The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act.

Is East Asia Minerals' Miwah Gold Project Closer to Reclassification in Aceh, Indonesia?

In early 2013 Tgk. Anwar, the chairman of the Aceh Government's Spatial Planning Committee, claimed that the Ministry of Forestry has accepted "almost 100 percent" of the province's new spatial plan, which would zone large blocks of previously protected forest for mineral extraction, timber concessions, and oil palm plantations. Aceh has the most forest cover of any province in Sumatra, which lost 36 percent of its forests in the past 20 years. The new spatial plan would grant nearly one million hectares of land for mining, 416,086 for logging, and 256,250 hectares for palm oil. The plan would also approve an extensive new network of roads that would run through protected forests.

The company is working closely with government officials in the country and have company representatives on the ground in Aceh to obtain reclassification of the forestry zone from "protected forest" to "production forest." East Asia Minerals has implemented a new Corporate Social Responsibility program and hired ex-government officials to help them with these efforts.  The company is undergoing a valuation study to define its current status and options on reclassification. The nature of the ore body and the limited scope of the valuation study preclude this assessment.

Once forestry designation has been reclassified, the company will be granted the ability to continue the drilling program with the goal of expanding the resource at Miwah. While waiting for reclassification, the company will be able to assess mineralization and prepare East Asia Minerals to conduct a feasibility study. Miwah is not currently included in this reclassification. The length of this process is primarily due to dealing with a coalition of environmental groups, and NGOs.

About East Asia Minerals Corporation
East Asia Minerals is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia. The Company has a 70 to 85 percent interest in three advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The company's Miwah project in Aceh Province has an NI 43-101 compliant inferred resource of 3.14 million ounces of gold and 8.95 million ounces of silver. This is based on an estimated 103.9 million tonne resource averaging 0.94 grams per tonne of gold and 2.68 grams per tonne of silver using 0.20 grams per tonne gold cut-off. East Asia Minerals' shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

Check out the new web site

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NetCents Technology increases processing volumes

2017-09-08 13:42 ET - News Release

Mr. Clayton Moore reports
NETCENTS CONTINUES TO INCREASE PROCESSING VOLUMES
NetCents Technology Inc. is exhibiting consistent growth metrics pertaining to both processing volumes and active users with new merchant additions. The company continues to maintain a substantial pipeline of merchants preparing for integration onto the NetCents Platform. NetCents looks to provide updates on these new potential merchant partners after adequate due diligence and official onboarding protocols are completed. NetCents is pleased to report that the company's recently added new merchant portfolio continues to increase processing volumes conservatively forecasted to achieve over $4,250,000 in annual processing.

"We continue to see promising growth with our transaction volumes and onboarding of new merchants and users. The current processing volumes put us in line with our projections however we look to exceed our forecasted volumes and revenues with the addition of the new merchants we have in our pipeline. We have a proven platform and our team is diligently working to add new clients, find ways to reduce costs, increase our margin, and add additional procedures and protocols to continue to provide payment solutions that are simple to use, secure and worry free," commented Clayton Moore, NetCents' founder and Chief Executive Officer. "We anticipate announcements in regard to some of these new opportunities and initiatives in the coming weeks as well."

If your company or organization wishes to integrate the NetCents platform into your website, visit https://net-cents.com/sign-up/ and click on our "Sign Up for Business Account" tab to complete the online form to get the digital integration and application processes started. A NetCents payment icon will be placed on your website at no cost.

About NetCents
NetCents is a next generation online payment processing platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents Technology is integrated into the Automated Clearing House ("ACH") and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer's security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way.(TM)
We seek Safe Harbor.

Alliance Growers finalizing up to $10M (U.S.) financing

2017-09-07 10:50 ET - News Release

Mr. Dennis Petke reports
ALLIANCE GROWERS SIGNING EUROPEAN FINANCE EXCLUSIVE
Alliance Growers Corp., in connection with the acquisition of the land for the cannabis botany centre, is finalizing an exclusive financing proposal with a Western European financing group with offices in Amsterdam, New York, London and Germany.

The financing of Alliance Growers' projects is being structured in stages as the capital is required, and not at one time to prevent unnecessary shareholder dilution. The exclusive financing will be carried out over time in the form of straight equity, convertible debt, streaming or debt financing in the amount of $5-million (U.S.) to $10-million (U.S.) based on the underlying projects, with the initial tranche between $500,000 (U.S.) and $1-million (U.S.) expected to take place in September, 2017.

One of the key benefits of the engagement will be the introduction to strategic investors that are already involved in the cannabis space in Europe and South America. In addition to financing projects in Europe and North America, this group has been involved in financing projects in Brazil and Latin America for over 10 years.

Specifically, it has been agreed through several discussions that the capital will be secured to finance the cannabis botany centre, strategic investments in ACMPR (Access to Cannabis for Medical Purposes Regulations) applicants (such as CanWe Growers), investment in the Israeli medical cannabis company (to secure pharmaceutical-grade CBD (cannabidiol) oil for international distribution) and the Cannabis Marketplace app. Other projects may be added to the agreement as they evolve.

Dennis Petke, Alliance Growers' president and chief executive officer, commented: "We have all been waiting for this time in the life of Alliance Growers, where significant financing comes together with the acquisition of the land for the cannabis botany centre and the commencement of the ACMPR application. This combination is the catalyst we have all been waiting for. I am certain all stakeholders agree with Alliance Growers management that getting our projects financed will catapult the company to the next level and make Alliance Growers one of the best cannabis investment opportunities of 2017 and on. Company management must now roll up its sleeves and focus our efforts for the benefit of all shareholders."

About Alliance Growers Corp.
Alliance Growers is a diversified cannabis company driven by the company's four pillars organization plan -- cannabis botany centre, strategic ACMPR investments, CBD oil supply and distribution, and research and development. Alliance Growers is finalizing a new business partnership with Botanical Research In Motion Inc. to jointly develop and operate a 40,000-square-foot facility to be the first of its kind in Western Canada to house a DNA botany lab, extraction facility and tissue culture plantlet production facility to service the cannabis market and agriculture market in general.
We seek Safe Harbor.

East Asia names Mangasi as Indonesian country manager

2017-08-25 12:29 ET - News Release

Mr. Terry Filbert reports
EAST ASIA MINERALS CORPORATION ATTRACTS TALENTED AND EXPERIENCED MINING PROFESSIONALS AND LAUNCHES NEW WEBSITE
East Asia Minerals Corp. has appointed Juangga Mangasi Mangunsong as Indonesian country manager, as of Aug. 1, 2017, to manage the Indonesian operations and develop the mining assets of both the Sangihe and Miwah properties in Indonesia.

Mr. Mangasi obtained his mining engineering degree from the Institute of Technology of Bandung, Indonesia. He brings to the company more than 20 years of extensive experience in the mining industry in Indonesia, including several high-profile roles acting as director, commissioner, advisory board member, business analyst and mining engineer for various large mining companies.
Mr. Mangasi was the president director of PT Peleburan Tembaga Semare, a copper smelter company, and is the owner and commissioner of PT Media Bakti Tambang (Majalah Tambang), a highly regarded Indonesian national magazine.

Mr. Mangasi is also a member of the working group on energy and mineral resources in the national committee for economy and industry for the Republic of Indonesia, which has the charter to update the country's mining regulations. This committee reports directly to the President of Indonesia. Terry Filbert, chief executive officer of East Asia Minerals, stated: "As East Asia Minerals gets back to full operations, we have been able to attract talented and experienced mining professionals. Mr. Mangasi provides the company with a strategic advantage of local expertise and valuable relationships with many of the senior government officials we that we need approvals from which will help keep the projects on schedule and on target."

The company is also pleased to announce the return of Mike Hawkins, the former chief executive officer of East Asia Minerals (2006 to 2011). Mr. Hawkins has been appointed as the company's executive consultant. As the former chief executive officer responsible for identifying and acquiring both Miwah and Sangihe mining projects, which the company is currently developing he has been appointed to provide guidance and consulting on the asset development of Miwah and Sangihe, as well as assisting on identifying and acquiring new mining opportunities for the company. "During Mike's tenure, in 2010, the company reached the historically highest market valuation of $600-million and acquired several gold and uranium properties," said Mr. Filbert.

Mr. Filbert further commented: "Mike was responsible for the acquisition and then sale of a uranium mine asset to Areva NC for $83-million and a dividend of $70-million to East Asia shareholders. We are fortunate to have his guidance and access to his 30-plus years of experience as an exploration geologist and executive for major mining companies throughout the Pacific, Asia and South America.
"Mike has gladly accepted the appointment to return and see through those projects he started before he had to leave due to health reasons. Mike's rejoining our team should give our shareholders confidence that East Asia Minerals is building a strong qualified team that will lead to new opportunities for success based on the historic value of the company."

East Asia Minerals has launched a new updated website to provide the updated information on the company's current developments and news.

The company is inviting investors to explore its new website. The new website has been designed to provide the ultimate user-friendly experience with improved navigation and functionality throughout, allowing investors to access up-to-date detailed information on East Asia's projects and the company. The site includes extensive project information to help investors understand the company's two projects in Indonesia.
We seek Safe Harbor.

NetCents Technology adds merchants to platform

2017-08-17 11:37 ET - News Release

Mr. Clayton Moore reports
NETCENTS SIGNS MORE MERCHANTS
NetCents Technology Inc. has continued to add new clients to its platform at a notable pace. The company is pleased to announce that five new merchants have been on boarded through merchant services offering agreements and are now processing through the NetCents platform. NetCents currently has an additional six merchants within the queue and preparing to commence integration after final due diligence and approvals are completed.

Two of the new merchants that are now processing through NetCents, Optim Research Solutions and Cognitive Nutrition Inc., are in the nutraceutical sector. Both Optim and Cognitive are on-line merchants that offer biochemicals to individuals and institutions who are focused on neuroscience research, anti-aging research, and research of biochemical pathways that may enable physical and cognitive enhancement. The cutting-edge nutraceutical market vertical is both rapidly growing and considerably underserviced. NetCents continues to take a pro-active approach in filling this processing void and has emerged as a leader within this exciting arena.

"NetCents continues its accelerated growth. We have seen a significant increase to merchants wanting to use the NetCents platform. Our pipeline of existing, new and potential clients will supplement NetCents' rapidly expanding revenue base, keeping the company in line, if not exceed our financial projections," said Clayton Moore, chief executive officer and founder of NetCents Technology.
If your company or organization wishes to integrate the NetCents platform into your website, visit the NetCents website and click on the "sign up for business account" tab to complete the on-line form to get the digital integration and application processes started. A NetCents payment icon will be placed on your website at no cost.

About NetCents Technology Inc.
NetCents is a next-generation on-line payments processing platform, offering consumers and merchants on-line services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing innovative blockchain technology to provide payment solutions that are simple to use, secure and worry-free.
We seek Safe Harbor.

Cerus enters financing agreement for Pennant project

2017-08-02 11:14 ET - News Release

Mr. Mackenzie Loree reports
DFP 1701001 PENNANT SASKATCHEWAN FUNDING & OPERATIONAL UPDATE
Cerus Energy Group Ltd., further to the news release dated March 31, 2017, has entered into an agreement with Vital Energy Inc.
Cerus has reached an agreement with Lomac Canada Ltd., a wholly owned subsidiary of Cerus, for the syndicated financing of the phase 1 developments of the Pennant, Sask., development finance platform (DFP). The syndication will be financed through a combination of secure debt, credit and cash from arm's-length and non-arm's-length lenders.

The Lomac Canada syndicate will be awarded 160 per cent of the 180-per-cent penalty, in addition to the retention of collected revenue until penalty payout. Cerus will retain a 20-per-cent margin on the project and the 5-per-cent GORR (gross overriding royalty) for its transaction facilitation and oversight. According to R. Mackenzie Loree, president and chief executive officer Cerus: "We are very close to achieving the goals that have been set out for Cerus and the initiation of our DFP. The creation of a platform that can fund development operations on an ongoing basis, without requiring dilution or issuance of debt in Cerus, is key to our continued success."

The Vital Pennant project will clearly highlight the effectiveness of the platform by creating opportunity for the developing company, while also providing a handsome return for Cerus. It will also provide a safe and secure opportunity for syndicated member participation. The company appreciates the patience of its shareholders, as the DFP platform and model have required significant time and effort to establish and implement through this inaugural project.

The Vital Pennant project will be the standard by which the effectiveness and success of the platform's performance will be gauged. The Vital Pennant project has a minimum of 80 locations identified with additional locations expected to be booked with the completion of phase 3 seismic project analysis. Based on the booked locations, the project has $112-million committed to development, excluding pipelines or centralized processing facilities. The total penalty amount will be in excess of $201.6-million, with a retained margin of $40.32-million earned by Cerus.  In summary, Cerus aims to cut its teeth on this first project with Vital and then replicate the success of the system. As aggressively as possible, the company will use its own cash flow and money, raised through the syndication program, to quickly deploy and develop projects. Cerus is confident that lenders and participants in this project will not only become confident in the reliability and repeatability of the program, but also in the management team's vision, platform and project oversight abilities.

Operational update
Three of four surface leases have been successfully acquired, with construction of the first surface lease expected to commence within the next two weeks. The company will be waiting on preferred services to begin the drilling process along with the completion of Lomac Canada's syndicate membership.

About Cerus Energy Group Ltd.
Cerus is an oil and gas exploration company with property assets in both Alberta and Saskatchewan.
We seek Safe Harbor.

Oceanus Resources closes $3-million private placement

2017-08-01 13:08 ET - News Release

Mr. Glenn Jessome reports
OCEANUS CLOSES THREE MILLION DOLLAR PRIVATE PLACEMENT
Oceanus Resources Corp. has closed a non-brokered private placement raising $3-million through the issuance of 10 million units at a price of 30 cents per unit. Each unit consists of one common share and one-half warrant of the company at 30 cents per unit. Every two one-half common share purchase warrants of the company entitle the subscriber to acquire one common share of the company for 40 cents for a period of 18 months from the closing date. The units issued pursuant to this private placement are subject to a four-month hold period that expires on Dec. 2, 2017.

Oceanus intends to immediately begin drilling the unmined Protectora vein that is to the north of the old El Tigre mine, where in drill hole No. 144 Oceanus intercepted 0.85 metre of 37.2 g/t (grams per tonne) gold and 7,338.9 g/t silver, as well as 0.85 metre of 2.84 per cent copper, 4.06 per cent zinc and 1.38 per cent lead (June, 2017). The mineralized zone consists of several vuggy quartz veins and veinlets carrying galena, sphalerite, chalcopyrite, stromeyerite and pyrite within a strongly silicified and kaolinized alteration zone. The true width of the vein is estimated to be 0.8 metre, and the gold-equivalent ratio is based on a gold-to-silver ratio of 75:1.

Oceanus's geologists are currently exploring, sampling and assaying the underground exploration tunnels at the Protectora vein, such tunnels that are located 800 metres to the south and 950 metres to the north of the drill hole No. 144. Certain officers and directors of Oceanus subscribed for an aggregate of 1,002,668 units. The proceeds from the private placement will be used for exploration at Oceanus's El Tigre Property in Sonora, Mexico, and for general working capital purposes. The private placement remains subject to final acceptance by the TSX Venture Exchange.
El Tigre property

The El Tigre property lies at the northern end of the Sierra Madre, gold belt which hosts epithermal gold and silver deposits including Ocampo, Pinos Altos, Dolores and Palmarejo. In 1896, gold was first discovered on the property in the Gold Hill area, and mining started with the Brown shaft in 1903. The focus soon changed to mining high-grade silver veins in the area, with the majority of the production coming from the El Tigre vein. Underground mining on the El Tigre vein extended 1,450 metres along strike and mined on 14 levels to a depth of 450 metres. By the time the mine closed in 1938, it is reported to have produced a total of 353,000 ounces of gold and 67.4 million ounces of silver from 1.87 million tonnes.

Qualified person
David R. Duncan, PGeo, vice-president of exploration of the company, is the qualified person for Oceanus as defined under National Instrument 43-101. Mr. Duncan has reviewed and approved the scientific and technical information in this press release and has reviewed the technical report.