Base Metals

  • Victory Resources, announces that the company has staked the new Stingray I and acquired the new Stingray II properties in Quebec, adjacent to Power Battery Metals (CSE-PMET) Corvette lithium discoveries
  • Stingray I consists of 4 claims totalling 204 hectares extending directly from the south property line of Patriot Battery Metals (PMeT)'s Corvette Property
  • Stingray II consists of 40 claims totalling 2041 hectares situated south and southwest of PMet's Corvette project

Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's has added to its Lithium property portfolio in Quebec by staking and acquiring its new Stingray I & Stingray II properties, directly south and to the southsouthwest of Patriot Battery Metals (CSE: PMET) Corvette lithium property in Quebec, respectively

The following is derived from PMet's news release dated June 23rd, 2022. Victory has not independently verified any of the following content. Patriot Battery Metals results from its 2022 winter drill program include some of the strongest drill intersections to date, including 1.22% Li20 and 138 ppm Ta205 over 152.8 metres (CV22030) and 1.45% Li20 and 177 ppm Ta205 over 84 metres (CV22-028).

"We are excited to add this property to the Victory portfolio, our exploration team is pursuing lithium properties in both Canada and USA currently, and this region, specifically noting the adjacent Corvette property, has delivered strong lithium findings," said Mr. Mark Ireton, Victory Resources President and CEO. "Our team is continuing its work to identify, analyze and acquire lithium rich properties in areas of interest as the global demand for lithium is forecast to be 6 times greater than today by 20301."

The Company continues to pursue additional lithium properties and is in the process of developing a work plan for its wholly owned new Stingray I & Stingray II properties.

1 https://www.pbs.org/newshour/economy/u-s-seeks-new-lithium-sources-as-demand-for-clean-energy-grows

The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a Qualified Person as defined under National Instrument 43-101.

For further information, please contact:

Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com

About Victory Resources Corporation

Victory Resources Corporation (CSE: VR) is a publicly traded diversified investment corporation with mineral interests in North America. The Company is also actively seeking other exploration opportunities.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Victory Resources Corp.



View source version on accesswire.com:
https://www.accesswire.com/707494/Victory-Adds-Stingray-Properties-Directly-South-and-Adjacent-to-Patriot-Battery-Metals-Corvette-Property

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VR:CC
Victory Resources

Victory Resources

Overview

Victory Resources (CSE:VR) is an international mining company working to grow a portfolio of gold, silver, and precious metals opportunities. The company is currently developing a pair of projects located in safe and stable mining jurisdictions in Canada, including its flagship Hammond Reef South project, located in Ontario. As part of its acquisition strategy, Victory Resources is focused on identifying and acquiring projects that are conducive to mining and benefit from both existing infrastructure and government support. Both the company’s flagship Hammond Reef South project and its Mal-Wen gold project also offer the potential for year-round exploration and development.

The Hammond Reef South project adjoins Agnico Eagle Mines’ (TSX:AEM,NYSE:AEM) Hammond Reef property and is located only three kilometers south of the Hammond Reef Deposit. This deposit represents a large and low-grade gold deposit that hosts open-pit measured and indicated mineral resources estimated at 208 million tonnes grading 0.67 g/t gold.

Victory Resources believes there is the possibility that Hammond Reef South could contain extensions of the Hammond Reef zone or similar structures. The company has begun an exploration program at Hammond Reef South that is expected to include prospecting and mapping of anomalous trends previously identified by Osisko Mining (TSX:OSK). The data from this exploration program is expected to help define further drill targets.
Hammond Reef South Gold Property

In addition to Victory Resources’ Hammond Reef South project, the company is also working to explore its Mal-Wen project, located centrally in Southern British Columbia. The Mal-Wen project comprises six land claims, totaling 1,143.58 hectares, that have shown various types of mineralization, including copper-gold veins, copper skarn, stockwork mineralization, and hydrothermal breccias.

In April 2022, Victory Resources acquired 100 percent interest in the Saguenay Nickel Project in Quebec, a project located approximately 10 kilometers south of the town of Saguenay. It comprises 286.32 hectares, where historic grab samples showed 3.41 percent nickel, 1.14 percent copper, 1.2 ppm of silver, and 0.13 percent of cobalt.

Victory Resources recently acquired 100 percent interest in the Georgia Lake Lithium Project, located in Ontario. The area has a proven track record of economic lithium deposits dating back to the mid 1950s. Rock Tech is building a lithium ore processing facility for custom milling in Thunder Bay, to be online in early 2024, which with Ontario Government support will support mineral processing.

Victory Resources has targeted projects in British Columbia, Ontario, and Quebec, due to the provinces’ friendly mining policies and the potential to conduct exploration year-round. According to the Fraser Institute’s 2021 Survey of Mining Companies, Ontario ranked as the 12th best jurisdiction in the world when it comes to investment attractiveness, while British Columbia was recognized as the 16th most favorable jurisdiction. Moving forward, Victory Resources intends to pursue strategic acquisitions that fit this profile, specifically those that allow for year-round exploration and development.

Victory Resources also recently staked the new Stingray I and acquired the new Stingray II properties in Quebec, adjacent to the Corvette lithium discoveries by Power Battery Metals (CSE:PMET). Stingray I is composed of four claims totalling 204 hectares from the south property line of Corvette Property while Stingray II is composed of 40 claims totalling 2,041 hectares.

Company Highlights

  • Flagship Hammond Reef South property located in Ontario has returned anomalous grab samples between 0.18 and 4.75 g/t gold.
  • Hammond Reef South is three kilometers south of the Hammond Reef Deposit, home to a measured and indicated resource of 208 million tonnes at .67 g/t gold.
  • Mal-Wen property comprises six land claims totaling 1,143.58 hectares that are 100 percent owned by Victory Resources.
  • Exploration at Mal-Wen has shown mineralization that includes copper-gold veins, copper skarn, stockwork mineralization, and hydrothermal breccias.
  • Mal-Wen prospect vein has returned locally high grades including up to 16.6 g/t gold.
  • Victory Resources acquired 100 percent interest in the Saguenay Nickel Project in Quebec, a project located approximately 10 kilometers south of the town of Saguenay.
  • The Saguenay project comprises 286.32 hectares, where historic grab samples showed 3.41 percent nickel, 1.14 percent copper, 1.2 ppm of silver, and 0.13 percent of cobalt.
  • Victory Resources recently acquired 100 percent interest in the Georgia Lake Lithium Project, located in Ontario. The area has a proven track record of economic lithium deposits dating back to the mid 1950s. R
  • Ontario, British Columbia, and Quebec are safe and stable mining jurisdictions that offer the potential for year-round exploration.
  • Victory Resources acquired Stingray II properties in Quebec composed of 40 claims totalling 2,041 hectares

Key Projects

Victory Resources’ Hammond Reef South

Victory Resources acquired the Hammond Reef South property in August 2020 via an option agreement, giving the company complete control of the project. Under the terms of the agreement, Abitibi Royalties has retained a two percent net smelter royalty on the project, with the expectation that Victory Resources makes cash payments totaling C$275,000 and spends C$550,000 in exploration during the first three years of ownership.

Victory Resources\u2019 Hammond Reef South

The Hammond Reef South property is located in Northwestern Ontario and adjoins Agnico Eagle’s Hammond Reef project, which contains an open-pit measured and indicated mineral resource of 208 million tonnes grading 0.67 g/t gold, with an open-pit inferred mineral resource of 0.5 million tonnes grading 0.74 g/t gold. Hammond Reef South is situated in the Wabigoon subprovince of the Superior province of the Canadian Shield.

Exploration

In August 2020, Victory Resources announced an exploration program to be conducted at Hammond Reef South, including an extensive soil survey, mapping, and magnetometer surveys. The company hopes to put this information towards a drill program, pending the appropriate permits. Victory Resources has engaged Clark Exploration of Thunder Bay to complete the proposed work program.
Claim Map

Victory Resources began the first phase of exploration at Hammond Reef South in September 2020. The company intends to continue prospecting and mapping along anomalous trends that have previously been identified by Osisko Mining. Moving forward, Victory Resources and its exploration team are focused on defining a gold trend at Hammond Reef South similar to Agnico Eagle’s Hammond Reef project, which adjoins Hammond Reef South.

Victory Resources’ Mal-Wen Property

Victory Resources’ flagship Mal-Wen property comprises six land claims that are wholly owned by Victory Resources. The land claims cover approximately 1,143.58 hectares in the central region of Southern British Columbia, located approximately 30 kilometers southeast of Merritt. The property can be accessed via road by taking Highway 97C southeast to the Loon Lake Road Exit, which connects to the logging road network and the property.

Exploration

Victory Resources has established an exploration target at Mal-Wen that is an alkalic porphyry with similar age and mineralization as the Afton and Copper Mountain deposits, which are located nearby. Like Afton and Copper Mountain, Mal-Wen occurs within the Nicole Group of rocks and is found along the same trend.

Victory Resources believes alkalic porphyry deposits such as that found at Mal-Wen have significant potential for a number of reasons, including their ability to form larger copper deposits compatible with open-pit mining. These deposits have also been found to be rich in gold relative to calc-alkalic porphyry deposits and are often lower in sulfides.

Copper mineralization has been found across the Mal-Wen property, including the HN-Wen, Mal, Malachite7, and Echo showings. Various types of mineralization have been identified on the Mal-Wen property including copper-gold veins, copper skarn, stockwork mineralization, hydrothermal breccias, and possible propylitic and localized potassium alternations. A total of six drill programs and a number of geochemical and geophysical surveys have been conducted at Mal-Wen, targeting the various styles of copper-gold mineralization. The Wen Prospect vein, a chalcopyrite-bearing quartz vein with erratic, locally high gold values, returned up to 16.6 g/t gold.

Moving forward, Victory Resources is focused on the under-explored areas between the Mal and Wen deposits while also working to assess the possibility of extending the northern boundary of the Wen Zone.

Victory Resources Saguenay Nickel Project

\u200bVictory Resources Saguenay Nickel Project

In April 2022, Victory Resources acquired 100 percent interest in the Saguenay Nickel Project in Quebec, a project located approximately 10 kilometers south of the town of Saguenay. It comprises 286.32 hectares, where historic grab samples showed 3.41 percent nickel, 1.14 percent copper, 1.2 ppm of silver, and 0.13 percent of cobalt.

The Saguenay Gneiss Complex has abundant mafic and ultramafic rocks and anorthosites, which are commonly associated with nickel-copper-platinum group elements, and sulfide deposits. The presence of ore grade nickel-copper samples at surface and in drill core on this property, and the absence of modern exploration is highly encouraging. A work plan for the 2022 field season will focus on detailed geological mapping, bedrock and till sampling across the property, to determine the scope of advanced exploration, and a potential drill program.

Victory Resources Georgia Lake Lithium Project

Victory Resources Georgia Lake Lithium Project

Victory acquired this Ontario property in May, 2022. The property is easily accessible, ranging anywhere from one to three kilometers from the Trans-Canada Highway. Victory’s Georgia Lake property is two kilometers east of Rock Tech Resources advanced lithium project within the Georgia Lake lithium district.

Historical mapping has noted abundant S-type granites which are known to host spodumene lithium-cesium-tantalum (LCT) pegmatites on nearby Rock Tech lithium deposit. Prior to commencing exploration of the property, the company plans to initiate discussions with local First Nations, setting out a collaborative framework to maximize efficiency and results.

An application for a work permit will be submitted to the Ministry of Northern Development and Mines (MNDM), which will include detailed geological mapping and sampling, with emphasis on late pegmatite dikes and apophyses known on the property.

A pending drill program is envisioned, pending results of the 2022 mapping and sampling program. Drilling is possible 12 months of the year due to the excellent road infrastructure and relatively flat terrain on the property.

Management Team

David Lane - President

David Lane has over 35 years of experience as a startup specialist with a keen eye for strategic direction and raising capital. Lane has ample experience in senior management positions across multiple industries including oil and gas, major sports, financial services, health, and pharmaceutical. His roles have included, but were not limited to, management, ownership, operations, marketing, and corporate finance positions within both the public and private sectors. Lane is currently president and CEO of Victory Resources. Before this, he was president and CEO of Quikflo Health, which eventually became Friday Night, and then 1933 Industries, in the medicinal marijuana sector. Prior to Quikflo, Mr. Lane was President and CEO of M-Pharmaceutical, which focused on a biomedical device for the self-monitoring of glucose levels as it relates to diabetes.

Glen Harder - Director

Glen Harder is the principal of Harder & Company, a Vancouver-based, boutique venture capital, corporate finance, and securities law firm. He advises local and international clients on information technology, biotechnology, mining, the emerging cannabis industry, virtual currency, public and private capital raising, and other matters. He advises clients on software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS) contracts and applications, assists with the formation and evaluation of cloud service agreement models, and assists clients in minimizing related contractual disputes. He also acts as a director, officer, and special committee member of assorted publicly traded and private companies.

Allan Levien - Director

Allan Levien has been the owner and operator of full-service hotels since 1980. From 2006 to 2015 he served as the president, CFO and director of Supreme Resources. Levien currently operates as a director at Victory Resources.

Tatiana Kovaleva - Chief Financial Officer

Presently, Tatiana Kovaleva is chief financial officer for Glenbriar Technologies, Codebase Ventures, and Victory Resources. Kovaleva previously served as chief financial officer at The Supreme Cannabis Co. and at Callitas Health, also serving as the treasurer for Park Place Energy.

David Deering - Vice President of Exploration and Director

David Deering achieved his bachelor’s of science degree in mining engineering from the Colorado School of Mines in Golden, Colorado. Deering had extensive management experience in the mineral exploration industry, including strategic planning, budgeting, logistics, and technical evaluations. He has served as an independent consultant for mine development, assisting with property acquisition, geology, evaluation of mineral deposits, mining, metallurgy, and environmental assessments.

Smokey Lithium Ground Sample Program Results Deliver Clearer Target Areas for Drill Hole Locations

Smokey Lithium Ground Sample Program Results Deliver Clearer Target Areas for Drill Hole Locations

  • 116 hand samples taken by Victory's Exploration Team benefit the comprehensive effort to delineate significant lithium mineralization on the Smokey Lithium Property
  • Lithium bearing claystones at surface measured as high as 630 ppm, helping to develop a clear picture of the best potential drill locations for the next round of drilling
  • Based on results from its overall exploration efforts, the Company anticipates a beneficial revision to its drilling application with the relocation of several holes, which will be an expedited process once undertaken

Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's exploration team has received results from its extensive ground sampling program, building upon favourable drill results, aimed at guiding prime drill locations for its next round of drilling on the Company's Smokey Lithium Property in Nevada

As noted on June 28th, the ground sampling program focused on sampling the Esmeralda Formation on and throughout the surrounding grounds of the Smokey Lithium property and has led to the Company locating a zone of higher values to the south and southwest. Mapping was done to locate controls on lithium clay deposition and locate clay beds, which have informed additional staking to protect the interests of Company.

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Victory Begins Work Program on Its Georgia Lake Lithium Project in Ontario

Victory Begins Work Program on Its Georgia Lake Lithium Project in Ontario

  • Property represents a large, under-explored land package adjacent to Rock Tech's near term Georgia Lake Lithium deposit
  • The Georgia Lake Lithium District has a proven track record of economic Li deposits dating back to the mid 1950's
  • Rock Tech is building a lithium ore processing facility for custom milling in Thunder Bay, to be online in early 2024, which with Ontario Government support will support mineral processing from other nearby Li mines

Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's has begun its first work program on its recently acquired Georgia Lake Lithium Project in the Thunder Bay Mining District, Ontario

"We are excited to begin our first work program at our fully owned Georgia Lake property, which is based in the proven Lithium region within the Thunder Bay District," said Mr. Mark Ireton, Victory Resources President and CEO. "Victory's Georgia Lake property is ideally situated in a proven lithium region, and one with mining infrastructure supported by the Government of Ontario and from Rock Tech, which will allow us to realize the full potential of any commercially viable deposits within the project."

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Victory Advances Smokey Lithium Exploration with Completed Ground Sample Program

Victory Advances Smokey Lithium Exploration with Completed Ground Sample Program

  • Victory's Exploration Team is engaged in a comprehensive effort to d to delineate and extend significant lithium mineralization on its Smokey Lithium Property
  • In response to drilling results, the Company has completed an extensive ground sampling program aimed at helping to develop a clear picture of the best potential drill locations for its next round of drilling
  • Based on results from its overall efforts, the Company anticipates a beneficial revision to its drilling application with the relocation of several holes, which will be an expedited process once undertaken

Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's exploration team has completed an extensive ground sampling program, building upon favourable drill results, aimed at guiding prime drill locations for its next round of drilling on the Company's Smokey Lithium Property in Nevada

The ground sampling program focused on sampling the Esmeralda Formation on and throughout the surrounding grounds of the Smokey Lithium property and has led to the Company locating a zone of higher values to the south and southwest. Mapping was done to locate controls on lithium clay deposition and locate clay beds, which have informed additional staking to protect the interests of Company.

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Victory Announces Smokey Lithium Drill Program Results For Phase One, Including Lithium Values Up To 1270 Ppm

Victory Announces Smokey Lithium Drill Program Results For Phase One, Including Lithium Values Up To 1270 Ppm

  • Results up to 1270 ppm and key lithium bearing sections averaging up to 857 ppm
  • Exploration team has high confidence in their theory that a down-dropped clay deposit exists, and the phase one drill program results has provided valuable information to locate the extension of the lithium clays ‘buried at depth'
  • Results to date have guided additional staking, which the Company advanced for competitive reasons prior to announcing drill results

VANCOUVER, BC / ACCESSWIRE / May 31st, 2022 / Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's exploration team has received lab results from its phase one, three of 15-hole drill program and as a result of its analysis has staked additional ground based on its geologic model of the target lithium deposit.

"The Victory exploration team has advanced the Smokey Lithium property substantially through the analysis of lab results, and upon those strong results through the additional staking which was conducted for competitive reasons to protect the Company's interests," said Mr. Mark Ireton, Victory President, and CEO. "The Company's exploration team has advanced this property based on its theory that a significant lithium deposit is buried at depth along the adjacent Jindalee boundary margins nearest to the fault line. We want our shareholders to understand that of the three holes, one had impressive lithium values, and the other two provided important information as to the potential location and boundaries of a Li deposit. In total, the drill results from all three holes guided the additional staking so that the Company can continue to define what it believes is a significant lithium deposit buried at depth."

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Victory Acquires 100% Interest in Georgia Lake Lithium Project in Ontario

Victory Acquires 100% Interest in Georgia Lake Lithium Project in Ontario

  • Property represents a large, under-explored land package adjacent to Rock Tech's near term Georgia Lake Lithium deposit
  • The Georgia Lake Lithium District has a proven track record of economic Li deposits dating back to the mid 1950's
  • Rock Tech is building a lithium ore processing facility for custom milling in Thunder Bay, to be online in early 2024, which with Ontario Government support will support mineral processing from other nearby Li mines

Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's has acquired 100% interest in the Georgia Lake Lithium Project in the Thunder Bay District, Ontario

"Noting the growing global demand for Lithium, and other batter metals, Victory's exploration team has been actively looking for an Ontario based Lithium property within proven Lithium regions," said Mr. Mark Ireton, Victory Resources President and CEO. "Georgia Lake Lithium represents such a property, and with the renewed focus from the Government of Ontario, the development of infrastructure is being supported in this prolific Lithium region, allowing us to realize the full potential of any commercially viable deposits within the project."

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World Copper Files Amended Technical Report on SEDAR for Escalones Copper Project, Chile

World Copper Files Amended Technical Report on SEDAR for Escalones Copper Project, Chile

World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") reports that it has filed an amended National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") technical report for the Escalones copper project, located in Chile.

The NI 43-101 technical report is entitled "Amended Preliminary Economic Assessment NI 43-101 Technical Report, Escalones Copper Project, Santiago Metropolitan Region, Chile" (the "Technical Report")with an effective date of February 15, 2022 and a revised and amended date of August 9, 2022. The Technical Report was prepared pursuant to NI 43-101 by Global Resource Engineering, Ltd. and Hard Rock Consulting, LLC. The Technical Report is available on the Company's SEDAR profile at www.sedar.com and is available on the Company's website at worldcopperltd.com.

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Mink Ventures Signs Definitive Agreement to Acquire an 80% Interest in the Montcalm Ni-Cu-Co Project

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Mink Ventures Corporation (TSXV: MINK.P) ("Mink" or the "Company") is pleased to announce that, further to its news release of June 27, 2022, it has entered into a definitive option and joint venture agreement dated August 10, 2022 (the "Definitive Agreement") with Voltage Metals Corp. (CSE: VOLT) ("Voltage"). Pursuant to the Definitive Agreement, Mink has been granted an option to acquire (the "Transaction") an 80% interest in the Montcalm Ni-Cu-Co project (the "Montcalm Project"). The Montcalm Project covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine, which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) The Montcalm project is located 60 km northwest of Timmins, Ontario and has excellent access and infrastructure. The Transaction is intended to be Mink's "Qualifying Transaction" for purposes of the TSX Venture Exchange's Capital Pool Company program.

Terms of the Definitive Agreement:

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Mink Ventures Signs Definitive Agreement to Acquire an 80% Interest in the Montcalm Ni-Cu-Co Project

Mink Ventures Signs Definitive Agreement to Acquire an 80% Interest in the Montcalm Ni-Cu-Co Project

Mink Ventures Corporation (TSXV: MINK.P) ("Mink" or the "Company") is pleased to announce that, further to its news release of June 27, 2022, it has entered into a definitive option and joint venture agreement dated August 10, 2022 (the "Definitive Agreement") with Voltage Metals Corp. (CSE: VOLT) ("Voltage"). Pursuant to the Definitive Agreement, Mink has been granted an option to acquire (the "Transaction") an 80% interest in the Montcalm Ni-Cu-Co project (the "Montcalm Project"). The Montcalm Project covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine, which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) The Montcalm project is located 60 km northwest of Timmins, Ontario and has excellent access and infrastructure. The Transaction is intended to be Mink's "Qualifying Transaction" for purposes of the TSX Venture Exchange's Capital Pool Company program.

Terms of the Definitive Agreement:

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Mr. Marshall is a Chartered Accountant and Chartered Financial Analyst with more than 11 years of finance and CFO experience in the mining sector. He has an extensive background in financial and risk management; corporate reporting, ESG management; M&A transactions and working with international jurisdictions. Most recently, he served as Chief Financial Officer at First Mining Gold Corp. and assisted in building the company's gold project portfolio during its initial period of growth in 2015 when it acquired eight companies in just over one year. Prior to this, Andy held finance roles at two Vancouver based TSX/NYSE MKT-listed silver mining companies with operations in Mexico and Canada. Mr. Marshall started his career with PricewaterhouseCoopers LLP in London and moved to Vancouver in 2008.

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Figure 1 - General Property Location

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