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Pele Mountain Announces an LOI with Enirgi Group, Management Changes and the Sale of Eco Ridge

TORONTO, ONTARIO–(Marketwired – June 1, 2017) – Pele Mountain Resources Inc. (TSX VENTURE:GEM) (“Pele” or the “Company“) today announced the signing of a non-binding letter of intent (“LOI“) with Enirgi Group Corporation (“Enirgi Group“), changes to its management team, and the sale of its Eco Ridge project.