Scientific Metals Acquires Southern Extension to the Iron Creek Cobalt Project

Scientific Metals (“STM” or the “Company“) (TSXV:STM)(FRANKFURT:26X)(OTCQB:SCTFD) is pleased announce that it has acquired 25 unpatented lode mining claims, totalling 500 acres to the south extension of its flagship Iron Creek cobalt project. STM will have now expanded its land package to 1800 acres in the most prolific cobalt trend in the USA. The terms of the acquisition is the issuance of 2.1 million shares to an arms-length party and is subject to final approval by the TSX Venture Exchange.
Wayne Tisdale, CEO of STM commented: “We are thrilled to have acquired the southern extension to our flagship Iron Creek project. With our recently completed financing the Company is now funded for our 2017 exploration program at Iron Creek. We feel it’s important to have secured this strategic southern tie on ground. With cobalt hitting 7 year highs and many positive catalysts for this strategic EV metal we feel the time is right to explore for a home grown source of safe and ethical cobalt.”
Reader Advisory

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the Company’s proposed acquisition, exploration program and the expectations for the cobalt industry. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

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