Micron Waste and Nickel One Close Transaction for Sale of LK Project, Finland

Micron Waste Technologies Inc. (“Micron” or the “Company”) (CSE:MWM) (OTC:MICWF) (Frankfurt:7FM2) announces it has closed the transaction related Share Purchase Agreement dated January 31, 2017 with Nickel One Resources Inc. (“Nickel One”), a public company listed on the TSX Venture Exchange.  Nickel One has completed the acquisition pursuant to a Definitive Agreement signed with the Company for the purchase of 100% interest in the Lantinen Koillismaa Platinum Group Element-Copper-Nickel project (“LK Project”) located in North-central Finland.

In connection with the closing, the Company received 5,000,000 common shares of Nickel One and 2,500,000 common share purchase warrants exercisable at $0.12 for 24 months from the date of closing. All securities issued are subject to a four month hold period from the date of issue.

On Behalf of the Board
Rav Mlait
Chief Executive Officer and Director

For further information contact:

Investor Relations
+1.844.318.8216
info@micronwaste.com
www.micronwaste.com

The Exchange does not accept responsibility for the adequacy or accuracy of this release

FORWARD LOOKING STATEMENTS:
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.

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Source: www.globenewswire.com