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Genius Metals Announces Filing of NI 43-101 Compliant Technical Report Update on its Sakami Property

CSE:GENI

Genius Metals Inc. (CSE: GENI) ("Genius Metals" or the "Corporation") is pleased to announce that it has filed on SEDAR a National Instrument 43-101 ("NI 43-101") compliant technical report update on its Sakami Property located in the James Bay Territory, Quebec .

Genius Metals Inc. Logo (CNW Group/Genius Metals Inc.)

Filing of a NI 43-101 Compliant Technical Report Update on Sakami

The technical report entitled "The Sakami Property, La Grande Subprovince, James Bay Territory, Quebec , NTS 33F07, 08, 09, 10" was filed on June 15, 2021 with an effective date of May 31st, 2021 was prepared in accordance with National Instrument 43-101 - "Standards of Disclosure for Mineral projects" and can be found under the profile of the Corporation on www.SEDAR.com . The report filed on June 15, 2021 is an update of the technical report entitled "The Sakami Property, La Grande Subprovince, James Bay Territory, Quebec , NTS 33F07, 08, 09, 10" dated September 10, 2018 . The report summarizes the geological setting, mineralization and exploration activities carried out by previous owners of the property, as well as the exploration activities carried out by Genius Metals in recent years.

The NI 43-101 compliant report was co-authored by Michel Boily , Ph.D., P. Geo of Genius Metals Inc., Hugues Guérin- Tremblay , P. Geo of Laurentia Exploration and Merouane Rachidi Ph.D., P.Geo of GoldMinds Geoservices. Mr. Merouane Rachidi , Ph.D., P. Geo, an independent qualified person in accordance with NI 43-101 has taken charge of the technical report.

Qualified Person

The technical information contained in this news release was reviewed and approved by Michel Boily , Ph.D., P. Geo, qualified person under NI 43-101.

About Genius Metals

Genius Metals is a Canadian mineral exploration company focused on the acquisition, exploration and, if warranted, development of natural resource properties of merit in Canada .

The CSE has in no way passed upon the merits of the   transactions   and has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements and Disclaimer

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be", "expected" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements, including the expectations of the Corporation's management regarding the use of proceeds of the Private Placement, are based on the Corporation's estimates and 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 Corporation to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Corporation will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Genius Metals Inc.

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Quimbaya logo (CNW Group/Quimbaya Gold Inc.)

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About Quimbaya

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Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, and the anticipated use of proceeds of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "should" or "would" or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company's securities. These forward-looking 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 to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company's business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE Quimbaya Gold Inc.

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