Jo Price, V.P Exploration commented, “Initial Perk-Rocky exploration results on this under-explored property have been encouraging, and we look forward to receiving interpretation and modelling of the airborne geophysics.  Planning is proceeding towards a 2020 field  program that would include an IP geophysical survey followed by drilling.  We are advancing environmental studies and First Nations engagement to support permitting for the 2020 program.  British Columbia is one of the select regions of the world where large gold enriched copper porphyry deposits are known to occur, and Perk-Rocky is starting to tick all the right boxes.  We are highly encouraged by these results”.

The gross proceeds of the FT Offering will be used by the Company to incur “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” within the meaning of the Income Tax Act (Canada) related to the Company’s projects in Québec on or prior to December 31, 2020 for renunciation to subscribers of FT Shares effective December 31, 2019.