THUNDER BAY, ONTARIO–(Marketwired – Aug. 31, 2016) – Alset Energy Corp. (TSX VENTURE:ION) (“Alset” or “the Company”) is pleased to announce that it has assembled its team of technical and business professionals from across North America for the exploration and advancement of the Mexican Lithium Salars recently acquired by the Company (see Alset P.R. dated July 13, 2016). The Company felt that it was imperative from the onset to have local expertise familiar with the project and related permitting as well as local business practices and customs. The following professionals have been retained by the Company to assist in moving the project forward:

Gilberto Zapata

Sr. Zapata is an entrepreneur and mining executive from Zacatecas, Mexico. His work history includes participation with numerous mining ventures throughout the district and ownership of small businesses. Gilberto has provided invaluable assistance and continues to play a key role in the project development. Sr. Zapata is a graduate of Tecnológico de Monterrey and the Thunderbird School of Global Management. Gilbert resides in Zacatecas, Mexico.

José de Jesús Parga

Sr. Parga is a renowned Mexican Geologist (National Award in Geology 2005, by AIMMGM ). For the past nine years he has worked on lithium projects in central Mexico, including Alset’s concessions. In addition to exploration geology duties, he managed relations with the government institutions and the rural communities. Sr. Parga has been very active with the project, helping enormously with Alset’s due diligence work and continued evaluation of the properties. Sr. Parga also resides in the region.

Victor Garcia

Sr. Garcia is a mining entrepreneur originally from Barcelona, Spain and now residing in Aguascalientes, Mexico. Mr. Garcia is an experienced financial professional and also owner of several businesses in Mexico and Europe. Sr. Garcia assisted in the initial and ongoing evaluation of the property and continues with other assistance.

Delia Patricia Aguayo Hurtado

Sra. Aguayo is a highly respected environmental consultant and head of Consultoría Ambiental in Hermosillo, Sonora, Mexico. She possesses over 20 year of experience assisting mining companies with environmental permitting and social responsibility programs in Mexico. Patricia began consulting in 2000 and has collected an impressive record of success on over 60 projects, mostly mining, throughout Northern and Central Mexico. Sra. Aguayo will lead the environmental and social responsibility aspects of the project development for the Company. Sra. Aguayo holds a BS in Chemical Engineering from the University of Sonora, Mexico, and a Master of Science from the University of Texas, Dallas.

David Morales

David is a licensed biologist and attended the Autonomous University of Zacatecas. He has been actively practicing environmental biology in the region since 2013. David’s role encompasses the environmental and permitting effort with a focus on the biological surveys and as an advisor on local environmental issues. David also resides locally.

Eugenio Iasillo

Eugenio has 38 years of experience in the mining industry with 21 years in engineering and metallurgical research geared toward project development. Eugenio’s role is that of a consultant focused on metallurgy and process design. In addition, Eugenio will assist in the design of a sampling and test plan for the initial phase of drilling and with process simulation and flow sheet development when test results have been received. He holds a B.S. in Chemical Engineering from the University of Michoacán and is a registered professional engineer in Arizona USA and holds a professional registration in Chemical Engineering in Mexico. Eugenio lives in Tucson, Arizona, USA.

Hector de los Santos

Hector is an international trade professional with over 20 years of experience in business development and government relations in Mexico, Canada, the US and Latin America. He served as Deputy Trade Commissioner for the Mexican Government in Vancouver and is currently the Managing Director of LATAM Ventures Corp. Mr. de los Santos has led the development and implementation of corporate affairs and management programs, including lobbying, mining, regulatory issues, fiscal, community relations and government relations for junior companies. Hector has been engaged by the Company to provide expertise as a business, cultural, regulatory and strategic planning advisor. Hector lives in Vancouver, BC Canada.

Tim Oliver, Company President and CEO stated “We are very pleased to have secured the services of a very diverse and talented team of professionals to ensure our flagship project is advanced in the most expeditious and cost effective manner towards potential development. Having worked closely with several of these individuals in the past, I have great confidence that Alset is well equipped to succeed in Mexico”.

In addition, Alset has also retained Daniel Boase to act as a consultant in providing investor relations services to the Company. The services will include initiating and maintaining contact with the financial community and the Company’s shareholders, investors and other stakeholders, for the purpose of increasing awareness of the company and its activities. Mr. Boase has been providing investor relations and consulting services to Canadian public companies for 18 years. The consulting agreement is for a term of one year at a monthly fee of $6,000 plus applicable taxes. Alset has also granted 400,000 stock options to the consultant with an exercise price of 35 cents per common share. The options vest according to the Company’s stock option plan and have a term of 5 years from the date of grant.

Alset is well funded and is currently completing a private placement financing to raise gross proceeds of up to $2 million.

On behalf of the Board of Directors of Alset Energy Corp.,

Tim Oliver, President

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.

GREENWOOD VILLAGE, COLORADO–(Marketwired – Aug. 31, 2016) – AZARGA URANIUM CORP. (TSX:AZZ)(FRANKFURT:P8AA)(OTC PINK:PWURF) (“Azarga Uranium” or the “Company”) announces that it intends to issue 8,333,334 units (each, a “Unit”) at a price of $0.24 per Unit to raise proceeds of $2.0 million through a non-brokered private placement (“the Financing”).

The Company intends to use the proceeds of the Financing for continuation of the permitting process at the Dewey Burdock Uranium Project, the Company’s initial development priority, mineral and surface right payments for the Company’s projects and general working capital purposes.

Sophisticated international investors have committed in excess of $1.0 million to the Financing. In addition, directors, management and an insider of Azarga Uranium have committed to subscribe for more than $0.5 million.

Each Unit consists of one common share of the Company (each, a “Share”) and one-half of one Share purchase warrant (each whole warrant, a “Warrant”). One Warrant entitles the holder thereof to purchase one Share of the Company at a price of $0.35 per Share for a period of three years from the closing of the Financing. The Shares issued in connection with the Financing will be subject to a four-month hold period. In addition, the Financing is subject to the approval of the Toronto Stock Exchange. Finder’s fees may be payable on a portion of the Financing.

About Azarga Uranium Corp.

Azarga Uranium is a mineral development company that controls six uranium projects, deposits and prospects in the United States of America (South Dakota, Wyoming and Colorado) and the Kyrgyz Republic. The Dewey Burdock Project in South Dakota (the “Project”), which is the Company’s initial development priority, has received its Nuclear Regulatory Commission License and the Company is in the process of completing all other major regulatory permit approvals necessary for operation of the Project, including those from the Environmental Protection Agency and the South Dakota Department of Natural Resources.

For more information please visit www.azargauranium.com.

Follow us on Twitter at @AzargaUranium.

Disclaimer for Forward-Looking Information

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding its disclosure and amendments thereto. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements may include, but are not limited to, statements with respect to the Company’s ability to raise $2.0 million through the Financing, the use of proceeds of the Financing, the Company’s ability to obtain approval of the Financing from the Toronto Stock Exchange, finder’s fees may be payable on a portion of the Financing and the Company’s continued efforts to obtain all major regulatory permit approvals necessary for operation of the Project. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including without limitation: (1) the risk that the Company is not able to raise $2.0 million through the Financing, (2) the risk that the use of proceeds of the Financing differs from the intended use, (3) the risk that the Company does not receive approval from the Toronto Stock Exchange for the Financing, (4) the risk that finder’s fees may not be payable on a portion of the Financing, (5) the risk that such statements may prove to be inaccurate and (6) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and, except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the Company’s most recent MD&A filed with Canadian security regulators.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

LOS ANGELES, CA–(Marketwired – Aug 31, 2016) – New Generation Consumer Group, Inc. (OTC: NGCG) (“NGCG” or the “Company”), who has recently changed its name with Delaware SOS to Urban Mining Ventures Inc., is excited to announce a new Joint Partner, Victory Resources Corp. (TSX VENTURE: VR). Victory Resources Corporation is a growth focused mineral company creating value through the exploration and development.

The Agreement will provide the company a twenty-five (25%) percent interest in the mineral rights to the V-LITH mineral property which consists of 29 claim units totaling 464 hectares (1147 acres).

The Property is located between Rich Lake to the south and Opikeigan Lake to the north in the Thunder Bay Mining District and Rich Lake Township in the north-central portion of the province of Ontario, Canada.

In the initial exploratory work on the Rich Lake property it has shown to host numerous pegmatite dykes which have been explored for their lithium and precious metal bearing mineralization. The Lilypad Lakes pegmatites do host lithium minerals as reports of a 10.4 meter drill intersection assaying 1.08 percent Li₂0 in a drill hole intersection and assays as high as 2.05 percent Li₂0 and 4.45 percent Li₂0. Historically, on the Rich Lake ground, a sample taken from a structure exposed in a shaft returned an assay of 1.0 ounces gold per ton.

Mr. Kim and his advisors have been working several months on the details of Joint Venture with Victory and their CEO Roger Frost. It was decided from reviewing the initial exploration information that there is sufficient evidence that the V-LITH property has significant Lithium deposits to proceed with a exploration program which is estimated to take two to six months to complete and produce a NI 43-101 report. The company will contribute $100,000 for the completion of the NI 43-101 report.

Mr. Kim is extremely excited about the potential for the Victory project and future announcements concerning Victory and Mr. Frost. According to Kim “This new alliance forms the foundation which I needed to catch the attention of my partners overseas and as I forge ahead with my plans to become further involved with our new partners from Canada. Based on my long history with my friends in Hong Kong, I am confident that I will receive the support to take this project to the next level.” Victory CEO Roger Frost stated, “The Company is elated to form a partnership with Urban Mining Ventures Inc.” Mr. Frost believes with lithium becoming one of the top resources in the future of mining, the joint venture agreement will help propel both companies to become a force in the mining industry.

Mr. Kim is currently in talks with two separate overseas groups who are claiming to have process equipment which will enable the efficient dismantlement and reclaim processes used in asset recovery which until now was only available through the use of labor overseas. While he is currently in the vetting process, it seems that fundamentally the equipment seems to meet both economic viability tests and would be complicit with the more stringent North American environmental requirements.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements. Words such as “expects,” “intends,” “believes,” and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company’s filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

OTTAWA, ONTARIO–(Marketwired – Aug. 30, 2016) – Everton Resources Inc. (“Everton” or the “Company“) (TSX VENTURE:EVR) is pleased to announce that it has contracted Prospectair Geosurveys Inc. for a detailed helicopter-borne magnetic and Time Domain electromagnetic survey of its 100% owned Detour Lake Gold project in Quebec. The 136 claims cover 7,437 hectares (74.37 square kilometres). The Detour Gold Quebec project area is a highly prospective area for gold deposits associated with the Sunday Lake and Lower Detour deformation zones. It is mostly known for hosting the Detour Lake mine, which has a gold reserve measured over 15.5 million ounces (reference: Detour Lake 2014 National Instrument 43-101 technical report), and the Casa Berardi mine.

The claims were acquired using Diagnos Inc.’s property computer-aided resource detection system (CARDS) to target the gold potential in the Detour Lake area of Quebec. The CARDS technology uses powerful pattern recognition algorithms to analyze digitally compiled exploration data and identifies precise areas (gold targets) with, geological, topography and geophysical signatures similar to areas of know mineralization. Based on analysis and on known lithology and structural geology in the region, over six high-priority gold targets were identified and staked. One of these priority gold targets is located 16 kilometres north of the Casa Berardi mine and overlaps the road.

The survey is expected to be completed by early September. Once the survey is completed, Joel Dubé, Eng., a consultant specialized in geophysics will generate anomalies and targets for follow up prospecting and potential drilling. These results should be available by mid-September.

The technical content of this release was reviewed by Remi Charbonneau, P.Geo., a qualified person as defined by the National Instrument 43-101.

About Everton Resources Inc.
Everton is an exploration company with concessions in the Dominican Republic adjacent to the Pueblo Viejo Mine, owned by the world’s two largest gold mining companies, Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%) (“Goldcorp”). Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Hecla Mining Company which is advancing Everton’s interest in the Opinaca B project by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp’s Eleonore gold deposit. Everton recently announced the acquisition of two properties: the Blue Sky Jackpot lithium property in Ontario and the Detour Lake gold property in Quebec.

This news release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton’s plans, objectives, strategies, expectations and intentions. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton’s actual results, performance or achievements to be materially different any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton’s views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements, except in accordance with applicable securities laws. Accordingly, readers are advised not to place undue reliance on forward-looking information. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice.

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

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 30, 2016) –

• Newly commissioned dry screen achieving record BMC production of high quality manganese mineral product.
  • Average production of 1,016t per week over nine weeks since installation.
  • Quarterly production of 7,477t to date, already exceeding the previous record.
• Improvements to provide BMC with 30kt production capacity in 2016.

Cancana Resources Corp. (TSX VENTURE:CNY) (the “Company” or “Cancana”) and its joint venture partner Ferrometals BV, together today provided an update on production enhancements on Brazil Manganese Corporation (“BMC”) Project Area.

“The successful commissioning of the new dry screen has enabled us to meet our target of expanding production capacity,” said Anthony Julien, President and CEO of Cancana. “This is an important development, as our marketing team has identified opportunities for domestic and export sales contracts of up to 50,000t for our high-quality manganese oxide product. The increased capacity coupled with progressive sales of our 2015 and 2016 inventory has allowed us to accelerate sales plans, ahead of further plant improvements scheduled to commence in the fourth quarter on the Jaburi Plant.”

BMC ON TARGET FOR INCREASED PRODUCTION AND SALES

The Cancana JV has successfully commissioned a new dry screen, which has allowed the operation to achieve new production records.

BMC’s second dry screen was ordered following the success of the dry screen commissioned in 2015. The new dry screen was set up for operation at the Ademir California Prospect at the end of June and has completed a commissioning phase, during which operational output of final washed product has averaged 1,016t per week over a nine-week period.

The dry screen operates by removing the <5mm soil fraction at the site of the colluvial extraction, allowing more concentrated feed to be trucked to the operation’s wash plants, resulting in higher output and lower transportation costs. BMC’s original screen has recently been set-up for field operation at the Tumelero Prospect.

The screen has set a new operational benchmark, with the prior weekly record being 726t in 2015. The production of 7,477t in the current quarter to date has already exceeded the previous record of 6,976t in the third quarter of 2015, with six weeks of operation still to come. The dry screens provide for production capacity of approximately 30,000t in 2016, based on expected utilisation through the transition into the wet season that happens around November. BMC is continuing with preparation and lodgement of extraction permits (Guias) to trial a variety of colluvial occurrences throughout the project area.

The sales and marketing team have continued to provide trial samples and product data to a variety of domestic and international manganese customers. The group is targeting speciality applications for the battery, fertilizer, welding and steel industries, where users understand the value of BMC’s high quality product. The expanded production capacity places BMC on track to accelerate sales ahead of the 50ktpa upgrade of the Jaburi Plant, with work on the installation of a new jigging circuit and crushing facilities expected to commence in the fourth quarter.

On behalf of the Board of Directors of CANCANA RESOURCES CORP.

Anthony Julien, President, CEO and Director

QUALIFIED PERSON

The technical information about the Company’s activities has been prepared under the supervision of and verified by Dr. Adrian McArthur (B.Sc. Hons, PhD. FAusIMM), a consultant to Brazil Manganese Corporation, who is a “qualified person” within the meaning of National Instrument 43-101.

ABOUT CANCANA

Cancana Resources Corp is focused on exploring and developing the BMC manganese project in Brazil with its joint venture partner Ferrometals BV. The JV is employing a two-pronged strategy at BMC, where the primary objective is to advance the project to an initial resource and onward to feasibility, while also expanding current small-scale production to support those exploration activities. Further information can be found at cancanacorp.com and bmcorporation.com.br.

ABOUT FERROMETALS

Ferrometals BV is part of a privately held metals group, focusing on acquisition, exploration, development and mining activities. Further information can be found at ferrometals.net.

JOINT VENTURE STATUS

As of the date of this news release, Ferrometals has contributed US$30,050,000 and Cancana has contributed US$7,500,000 to the Brazil Manganese Corp joint venture. Based on these contributions, Ferrometals owns approximately 80.03% and Cancana owns the remaining 19.97% of BMC. The companies have entered into a non-binding Letter of Intent with respect to a proposed restructuring and business combination transaction into a combined entity (TSX release of July 21^st, 2016).

FORWARD-LOOKING STATEMENTS

Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company’s plans for exploration and development of the Brazil properties and potential mineralization. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

The Company cautions that it has not completed any feasibility studies on any of BMC’s mineral properties, and no mineral reserve estimate has been established. Because the Company production decision is not based upon a feasibility study of mineral reserves, the economic and technical viability of the property has not been established.

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

NOTES

Stockpile tonnages are currently monitored by an independent weighbridge service, with trucks weighed upon arrival and departure in the township of Espigao d’Oeste. Stockpile grades are monitored by a channel sampling program on individual truckloads of manganese oxide it is delivered to a centralised storage facility. Samples have been sent for analysis via lithium borate fusion XRF techniques an accredited laboratory, ALS Minerals, Vancouver, Canada, with results for the full quarter to date pending.

VANCOUVER, BC–(Marketwired – August 30, 2016) – Comstock Metals Ltd. (TSX VENTURE: CSL) (“Comstock” or the “Company“) is pleased to announce that it has commenced a minimum 2,500 m rotary air blast (RAB) drilling program on its flagship 16,335 hectare QV Gold Project in the prolific White Gold district of the Yukon Territory.

The RAB drilling program will focus on testing for extensions along strike to the east and west of the VG Zone, where 3,400 m of diamond drilling in 17 drill holes formed the basis for a maiden Inferred mineral resource totalling 4.4 million tonnes grading 1.65 g/t gold containing 230,000 ounces of gold at a 0.5 g/t gold cut-off (See Comstock July 8, 2014 News Release). Initial drill testing of the Stewart and Shadow targets will also be carried out. Both the Stewart and Shadow targets have strong gold-in-soil anomalies and coincident resistivity targets. The precise location and orientation of the planned RAB holes has been based on interpretation of previous exploration data in conjunction with initial 2016 Phase I program results from the GT Probe, DC resistivity geophysical survey, geological mapping, rock and soil sampling. Average planned hole depth will be in the 100 m to 150 m range.

About Comstock Metals Ltd.

Comstock Metals Ltd. is a mineral exploration company. Its flagship 16,335 hectare QV Property is located in the White Gold district of the Yukon Territory, approximately 70 kilometres south of Dawson City and 44 kilometres northeast of the Coffee project of Goldcorp Inc., which it recently acquired through an acquisition of Kaminak Gold Corporation through a court approved plan of arrangement in a deal valued at C$520 million at the time it was announced. To date, the Company has completed 3,400 metres of drilling in 17 drill holes which formed the basis for a maiden Inferred mineral resource totalling 4.4 million tonnes grading 1.65 g/t gold containing 230,000 ounces of gold at a 0.5 g/t gold cut-off (See Comstock July 8, 2014 News Release). The VG Deposit remains open in all directions and is proximal to other untested sub-parallel structures. The VG Zone has similar geology and style of mineralization to Kinross’s Golden Saddle deposit, located 11 kilometres to the south. Additional promising targets exist on the QV Project, with potential for the discovery of significant intrusion related and/or orogenic gold mineralization. The infrastructure associated with the development of the Coffee project, including upgrading and completion of the mine access road, will benefit all projects in the district, including the QV Property.

Comstock has entered into entered into definitive agreement in respect of a proposed purchase by Comstock of Select Sands’ Preview SW gold project located in the La Ronge district of Saskatchewan and Select Sands’ early-stage Old Cabin property in Ontario for 20 million common shares in the capital of Comstock (see August 11, 2016 News Release).

Comstock also owns early stage uranium claims in the Patterson Lake area of Saskatchewan and has optioned out its Corona property in Mexico (see January 28, 2016 News Release).

David A. Terry, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, and an Officer and Director of Comstock, has reviewed and approved the scientific and technical disclosure in this news release.

Forward-Looking Statements

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the ability to obtain approval for the amendment to the vesting provisions of previously issued options and statements regarding the targets and future exploration on the Company’s properties. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

For more information about Comstock Metals Ltd., please visit www.comstock-metals.com.

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

BRIDGEWATER, NOVA SCOTIA–(Marketwired – Aug. 29, 2016) – Silver Spruce Resources Inc. (“Silver Spruce” or the “Company”) (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce that its field crew has completed a successful site visit to the Pino de Plata project. The 397 hectare (Ha) project is located in the Sierra Madre Occidental of Western Chihuahua State, Mexico, approximately 15 kilometres from Coeur Mining’s Palmarejo silver project and approximately 12 kilometres due south of the town of Chinipas, Chihuahua State, Mexico.

Led by Mr. Leonard J. Karr, professional geologist and a Qualified Person, under TSX guidelines, the field team successfully pinpointed the proposed drill hole locations and mapped the new road access for the upcoming maiden drill program at the project. The team also completed onsite tours with representatives of three drilling companies that are submitting bids for the drilling contract. This first ever drill program at the project is based on recommendations contained in the NI 43-101 report, which is available on our website at www.silverspruceresources.com and is filed on www.sedar.com.

Preparations for drill road and drill pad construction are underway and should be completed by the end of September. Local support for the project is very positive. The Company seeks to utilize local contractors, operators and labor, whenever appropriate, in line with its sustainable business practices.

“We are excited to be preparing for the project’s first ever drilling program,” stated Dr. Brian Penney, Chairman of Silver Spruce Resources Inc. “The areas where high silver values were sampled at surface are the primary focus of the program and indicate that very significant mineralized intervals may be encountered.”

El Terrero Target area

The first high priority drill target is El Terrero, a 2,000 square metre area of disseminated epithermal mineralization in igneous (intrusive) rock, characterized by at least five adit portals and a significant tailings pile left by Spanish miners active there in the 1880’s. During the preparation of the NI 43-101 report completed last year, surface samples in this area returned values as high as 557 grams per tonne (g/t) Silver (Ag) or (over 17.9 ounces per tonne (opt) Ag), and these samples also returned highly anomalous values of Gold (Au), Lead (Pb), Zinc (Zn) and Copper (Cu). Up to six holes are planned in this area with planned depths up to 100 metres.

Theodora Vein Targets

The second high priority drill target is focussed on the veins in the Theodora through El Sierpe I and II areas, in which samples taken during the preparation of the NI 43-101 report returned values as high as 553 g/t (17.78 opt) Ag, and these samples also returned anomalous values of Gold (Au), Lead (Pb), Zinc (Zn) and Copper (Cu). Up to three holes are planned in this area with planned depths up to 100 metres.

Santa Elena – Gossan Target

The third high priority target is the Santa Elena – Gossan Area which presents a viable target for replacement Ag-Pb-Zn-Cu deposits. The gossans are anomalous in Ag and base metals and this allows for the possibility of economic grades in the unweathered marble. Unoxidized replacement mineralization from the Santa Elena Mine approaches 200 g/t Ag. This area has the potential for relatively shallow replacement mineralization over an area of over 20 square hectares. An enrichment layer may be encountered by drilling below the weathered surface of the outcropping and highly weathered gossan. Three to five holes are proposed to be drilled in this target area with planned depths of up to 100 m.

Qualified Person

Mr. Leonard J. Karr, professional geologist and a Qualified Person, under TSX guidelines, is the author of the Company’s NI 43-101 report on the Pino de Plata project, dated 7 July 2015, and is responsible for the technical content of this press release.

About Pino de Plata

The 397 hectare Pino de Plata Ag-Pb-Zn-Cu-Au project is located approximately fifteen kilometres from Coeur Mining Inc.’s Palmarejo open pit and underground operations. Although the Pino de Plata project has supported small scale historical production of high-grade mineralization from numerous areas, it had never been systematically explored and has had no drilling.

Ninety-two samples were taken during the NI 43-101 field examination and show the examined project area to host widespread intrusive epithermal mineralization at surface with silver values, on average, of greater than 50 grams per tonne (g/t), that is 1.6 ounces per tonne (opt), over an area of more than 1 square km (>100 Ha). Within the area examined, specific targets were sampled with silver (Ag) assays of up to 557 g/t or 17.9 opt in outcrop.

Three types of mineralization were identified in the maiden NI 43-101 report: disseminated epithermal mineralization in igneous (intrusive) rock, carbonate replacement mineralization in sedimentary limestone/marble and sandstone/hornfels and several areas of significant outcropping vein mineralization. Each of the host areas identified in the 43-101 technical report provide immediate drill targets with open pit potential.

The Company intends to initiate a 1,000 – 1,500 metre reverse circulation drill program to test these defined targets where high grades of mineralization were sampled at surface.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc is a, well-positioned, Canadian junior exploration company pursuing development of the Pino de Plata epithermal silver/ base metal/ gold project located in the prolific Sierra Madre Occidental region of Western Chihuahua State in Mexico. The company has recently completed an exploration assessment on the property. Silver Spruce also retains a portfolio of uranium and rare earth element properties in Labrador.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The company seeks Safe Harbour.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 29, 2016) – Advantage Lithium Corp. (the “Company” or “Advantage Lithium“) (TSX VENTURE:AAL.H) is pleased to announce that, further to the Company’s news release of June 20^th,,2016, the Company has completed its acquisition of an option to acquire an interest of up to 70% in three Nevada lithium projects, 50% in two Nevada lithium projects and 100% of certain water rights in the Clayton Valley from Nevada Sunrise Gold Corporation (“Nevada Sunrise”).

At closing, the Company paid Cdn$500,000 cash and issued 2,071,447 common shares to Nevada Sunrise. Additional shares and exploration expenditures are required in order for the Company to earn its interests in the properties. A finder’s fee of $45,670 cash and 182,680 common shares was paid to a third party in connection with the acquisition. All securities are subject to a four month hold period. In addition, the securities issued to Nevada Sunrise are subject to a voluntary pooling arrangement expiring 24 months from closing.

Concurrently with the closing of the acquisition, directors Marc Cernovitch and Craig Taylor resigned as directors and Mr. Cernovitch resigned as CEO and CFO. Mr. Dev Randhawa was appointed as a director and Interim CEO and Mr. Nick DeMare was appointed as CFO and Corporate Secretary.

Complete details of the acquisition and related transactions are set out in the Company’s Filing Statement dated August 12, 2016 which is available on SEDAR.

About Advantage Lithium Corp.

Advantage Lithium Corp. is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol “AAL.H”.

ADVANTAGE LITHIUM CORP.

David Sidoo, President

Cautionary Statement:

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Advantage Lithium which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company and Advantage Lithium disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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

SAN DIEGO, CA–(Marketwired – Aug 25, 2016) – SourcingLink.net Inc. (OTC PINK: SNET) Lac Fire property not only has significant findings of Lithium, the surrounding area shows concentrations of Rubidium. Rubidium itself has a monetary value.

The USGS metal reports that Rubidium is used in fireworks; in thermoelectric generators; laser coolants; electronic transmitters; lubricant in vapor turbines; vacuum tubes; photocells; atomic clocks and magnetometers; superoxides; and thermonuclear medicine and pharmaceuticals.

“We are very excited about our exploration program for Lithium this summer. We are going to include exploration for Rubidium a cover and other metals. We are fortunate to be located in different parts of Quebec where we have Rare Earth Minerals, Lithium, Tantalum deposits and hopefully Rubidium. We will keep shareholders apprised of our exploration results in the near future.” — Anne M Carioti, CEO

About The Eldor and Lac Fire Projects:

SourcingLink.net, Inc. acquired 8 new lithium-tantalum claims in James Bay, Quebec, Canada. The block of 8 new claims share a 12 km boundary which is on three sides with the Rose Lithium Tantalum Property of Critical Elements Corp. The new Lac Fire property was staked to strategically cover ground that may be on strike and have similar geology to the Rose Lithium Tantalum Resource.

The company has signed an agreement to acquire 100% interest in the Eldor Rare Earth Property Claims (The Eldor Project) located inNorthern Quebec, Canada (one of the most favorable mining jurisdictions in the world). The Eldor Project consists of 34 mineral claims covering approximately 3951 acres and is located in Northern Quebec which is considered one of the most favorable mining jurisdictions in the world.

About SourcingLink.net, Inc.:

SourcingLink.net is a U.S. based publicly traded exploration and development company. Their focus in on rare metals and rare earth elements which are among the primary input materials for the 21st Century technology.

Forward-looking Statements

This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as “expect,” “believe” or “plan,” by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 26, 2016) – Lithium Americas Corp. (the “Company” or “LAC”) (TSX:LAC)(OTCQX:LACDF) is pleased to provide an update on the Cauchari-Olaroz Lithium Project (“Cauchari”) joint venture with Sociedad Química y Minera de Chile S.A. (“SQM”) in Jujuy province, Argentina.

The Board of the joint venture company, Minera Exar S.A. (“Minera Exar”), has recently been authorized to proceed with development planning for 50,000 tonnes per annum (“tpa”) of lithium carbonate equivalent (“LCE”) production capacity from Cauchari based on the following parameters: (i) a two stage development consisting of an initial phase at 25,000 tpa LCE capacity, followed by a second stage at 25,000 tpa LCE capacity; and (ii) a timeline targeting full stage one production during 2019.

Tom Hodgson, Chief Executive Officer of LAC, commented, “This new guidance is another exciting step forward in the project and a tangible example of what we hoped to achieve in the JV. The SQM technical team, with decades of development and operating experience, has analyzed existing and new data and collectively we have set a course of development that we believe will materially de-risk the advancement of Cauchari and enhance the project economics. Construction on a work camp, project roads and drilling platforms has commenced, and long lead items such as earth moving trials and pond liner tests are scheduled. Additional near term investment is expected as the exploration and development program is expanded. The decision to advance the project in a staged approach should reduce financing and shareholder dilution risks and represents the most sustainable approach to development of the Cauchari-Olaroz basin, consistent with our corporate mission.”

About the Company

The Company is developing the Cauchari-Olaroz Lithium Project, located in Jujuy province, Argentina, in a joint venture with SQM, and the Lithium Nevada project in Nevada, USA, with the intent to become a major supplier of lithium products. In addition, Lithium Americas is a supplier of organoclay products and specialty drilling additives for the oil and gas and other industries.

Forward-looking statements

Statements in this release that are forward-looking information, including statements about development planning targets and timing for production, are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the company’s periodic filings with Canadian securities regulators. When used in this document, the words such as “believe”, “estimated”, “explore,” “intent”, “should” and similar expressions is forward-looking information. Information provided in this document is necessarily summarized and may not contain all available material information.

All such forward-looking information and statements are based on certain assumptions and analyses made by Lithium Americas management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in the Lithium America’s most recently filed Annual Information Form. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

TORONTO, ONTARIO–(Marketwired – Aug. 25, 2016) – MCW Energy Group Limited (“MCW“) (TSX VENTURE:MCW)(OTCQX:MCWEF), a Canadian holding company involved in the development of environmentally-friendly oil sands technologies and the production of oil from Utah’s oil sands, announces the closing of a previously announced definitive agreement to acquire a controlling interest in a Houston-based, exploration and production (E&P) company, Accord GR Energy, Inc. (“Accord“). Pursuant to the agreement, MCW acquired 57.3% of all issued and outstanding shares of Accord, in consideration for 59,698,300 shares of MCW and warrants to purchase 2,000,000 shares of MCW at US$0.25 per share for three years. The securities issued are subject to a four month hold period from the date of issuance.

In addition, MCW has entered into two shares for debt agreements, pursuant to which MCW will issue 953,293 common shares in satisfaction of an aggregate of US$110,000 of indebtedness currently owed to two arm’s length service providers. MCW determined to satisfy the indebtedness with common shares in order to preserve its cash for use on its extraction technology in Asphalt Ridge, Utah. The shares will be issued upon acceptance by the TSX Venture Exchange. The common shares issued in satisfaction of the indebtedness will be subject to a four month hold period from the date of issuance.

About MCW Energy Group Limited

MCW Energy Group Limited is focused on value creation via the development and implementation of (i) proprietary, environmentally-friendly oil sands extraction technologies and remedial tailings ponds project solutions, (ii) expanding production capacities of its now operational oil sands project in Asphalt Ridge, Utah, (iii) and the formulation of worldwide joint ventures and the licensing of oil sand opportunities with private and governmental resource entities within countries possessing extensive oil sands/shale deposits. MCW’s management team is comprised of individuals who have extensive knowledge in both conventional and unconventional oil and gas projects and production, both in upstream and downstream industry sectors.

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, the approval of the shares for debt transactions by the TSX Venture Exchange, the commercial viability of the technology and the extraction plant, economic performance and future plans and objectives of MCW, and the commercial production of oil from MCW’s oil sands extraction plant in Asphalt Ridge, Utah. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although MCW believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, MCW disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

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

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 25, 2016) – CKR Carbon Corporation (“CKR” or the “Company”) (TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce that it has renegotiated the terms of its option agreement to acquire 100% of the Montpellier graphite project in southern Quebec.

The company will issue 400,000 common shares in the capital of the company (the “CKR Shares”) to the optioner in lieu of the remaining work commitment of $40,572. The work commitment was the last remaining term of the option agreement dated December 9, 2013 and following the issuance of the CKR Shares, the Company will hold 100% of the property subject to a 2% net smelter return royalty. The Company continues to work on its Aukam graphite project in Namibia.

Montpellier is a potentially significant graphite source in an area of excellent infrastructure that deserves further investigation in the future. The main graphite zone at Montpellier has a width of about 15 meters and was traced by means of trenching and drilling for more than 250 meters along strike and at least 75 metres depth, with some historical holes terminating in mineralization at about 90 metres. Assay results from the historical drilling performed in the 1980s intersected 10.47% carbon as graphite (Cg) over 44.97 meters and 12.33% Cg over 21.65 meters (Source 1984, Ministere de l’Energie et de Ressources Quebec, Report Nos. GM42965, 80p; GM41744, 41p.). Note that estimates of true thickness were not determined in the historical drilling.

The main zone remains open in both directions and further indications of graphite are known along strike. Two drill holes with intercepts of 6.5% Cg over 30 metres and 8.2% Cg over 26 metres occur 160 metres to the southeast and possibly define another zone parallel to the main graphite zone. These zones require further follow up.

The graphite mineralization is associated with paragneisses and two distinct styles have been recognised. Higher graphite content (9-23% cg) is typically observed at the contact between paragneiss/marbles or quartzite/marbles in an altered unit with chlorite and carbonates. These zones, are brecciated or sheared and typically 0.5-7 metres thick.

The second type of graphite mineralization consists of disseminated flake graphite that occurs in marble units, with concentrations ranging from 3 to 6% Cg over much larger intersects with average width of 20 metres.

The technical content of this news release was approved by Roger Moss, Ph.D., P.Geo a qualified person as defined by National Instrument 43-101.

About CKR Carbon Corporation

CKR Carbon Corporation is focused on high quality, natural graphite suitable for use in lithium-ion batteries, graphite foil and other value-added high growth technology applications.

The Company’s main focus is the Aukam graphite project, in Namibia where it has an option to earn a 63% interest from Next Graphite Inc. It can also, under certain conditions, acquire an additional 10% interest by paying US$185,000 subject to agreement by Next. CKR has completed a bulk sampling program at Aukam, and has a letter of intent to sell the graphitic material produced during the program. CKR is also working on an application for a mining license. The company maintains high safety and environmental standards and has a comprehensive strategy of social engagement. We only select projects requiring low capital and a short time to market. The company is listed on the TSX Venture Exchange under the symbol CKR and has 33.2 million shares outstanding.

For more information: visit the website at www.ckrcarbon.com.

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

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

VAL-D’OR, QUÉBEC–(Marketwired – Aug. 24, 2016) – THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Uranium Valley Mines Ltd. (NEX:VZZ.H) (the “Company”) announces that it will conduct the following non-brokered private placement offering (the “Financing”):

• up to 833,333 flow-through units (the “FT Units”) at a per FT Unit price of $0.12 for gross proceeds of up to $100,000, each FT Unit consisting of one common share in the capital of the Company issued on a flow-through basis under the Canada Income Tax Act and one-half of one non-transferable non-flow-through common share purchase warrant, each whole warrant entitling the holder to purchase one non-flow-through common share in the capital of the Company at a per share price of $0.15 for 12 months from the date of issuance; and
• up to 4,000,000 units (the “Units”) at a per Unit price of $0.075 for gross proceeds of up to $300,000, each Unit consisting of one non-flow-through common share in the capital of the Company and one non-transferable common share purchase warrant entitling the holder to purchase one common share in the capital of the Company at a per share price of $0.10 for 12 months from the date of issuance.

The Financing is subject to acceptance by the TSX Venture Exchange. In accordance with applicable securities legislation, all securities to be issued under the Financing will be subject to a hold period of four months and one day from the date of issuance.

The Company may pay finder’s fees in amounts yet to be determined to parties who introduce the Company to subscribers to the Financing.

Gross proceeds from the sale of FT Units will be used by the Company for exploration of the Porcupine Miracle Prospect – four contiguous and unpatented mining claims comprising an aggregate of 64 hectares located in the Southwestern corner of Langmuir Township, which is approximately 20 miles southeast of Timmins, Ontario. Net proceeds from the sale of non-flow-through Units will be used by the Company for general corporate purposes.

Forward Looking Statements:

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. .PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 24, 2016) – Cypress Development Corp. (TSX VENTURE:CYP)(OTCBB:CYDVF)(FRANKFURT:C1Z1) (“Cypress” or the “Company”) “) is pleased to announce that it has executed a definitive Option Agreement governing the Company’s Clayton Valley, Nevada Project (“Cypress Property” or “the Property”), subject to TSX Venture Exchange (the “Exchange”) acceptance. The new Option Agreement grants Pure Energy Minerals the right to acquire up to 70% undivided interest in the 1,520-acre package of Federal mineral claims. The Cypress Property adjoins Pure Energy’s Clayton Valley South (CVS) Lithium Brine Project on the eastern side of the valley.

Pure Energy’s Clayton Valley South Project & Cypress’ Project, Nevada map:
http://www.cypressdevelopmentcorp.com/i/maps/CYP_Clayton_Valley_South_Cypress_Addition.jpg

Cypress’ geological team has conducted considerable exploration on the Property during 2016, reporting lithium values as high as 2,600 ppm in rock samples (See Cypress news releases dated Feb. 22, May 10, 2016). The Cypress claims encompass a large area of these lithium-enriched rocks. The optioned claims also include a strip of prospective Clayton Valley basin, along a major structural zone immediately east of Pure Energy’s northern resource area. Cypress has already received an approved Notice of Intent from the Bureau of Land Management (BLM) that will facilitate exploration drilling on the Property.

In order to fully exercise the two-stage option, Pure Energy is to make the following cash and share payments and associated exploration investments in the Property:

1. Cash and share payments of US $75,000 and 350,000 shares within five business days of the date of Exchange acceptance for the agreement;
2. Exploration expenditures of at least US $300,000 before the first anniversary;
3. Cash and share payments of US $100,000 and 750,000 shares on or before the first anniversary;
4. Additional exploration expenditures of US $500,000 before the second anniversary;
5. Partial vesting of 51% undivided interest is reached upon satisfaction of the above;
6. An additional 1 million shares and US $1 million of exploration expenditures before the fourth anniversary to complete vesting at 70%.

Donald Huston, President, Cypress Development Corp commented, “Cypress is excited and very pleased to have our land position in Clayton Valley recognized as a value add to both companies through this Option Agreement with Pure Energy Minerals. Cypress already has Federal permits in place, so the Clayton Valley Lithium Property offers an immediate opportunity to drill for additional lithium resources. Planning for the field program is well advanced, and we should see field crews mobilizing for a systematic sampling program in the next two weeks. We look forward to working with and utilizing the geological expertise of the Pure Energy team.”

The Property is currently held in good standing under option by Cypress from a private party. The underlying option includes a provision for a 3% royalty on future lithium production from the Property, of which a 2% royalty may be purchased by Cypress for the sum of US$1,000,000. The parties have acknowledged in the agreement that Cypress will be responsible for meeting the share and cash requirements of that underlying option agreement. Under the Option Agreement, Cypress will act as project manager on the claims for the first year’s exploration program.

Upon completion of one or both of the options, the parties shall enter into a joint venture agreement for the further exploration of the Property, and Pure Energy shall serve as Operator.

A finder’s fee will be paid to Jordan Trimble in the maximum allowed under TSX Venture Exchange Policy 5.1 in connection with this transaction.

Robert Marvin, P.Geo, Exploration Manager for Cypress Development Corp. is the Qualified Person as defined by National Instrument 43-101 and has approved of the technical information in this release.

About Cypress Development Corp.:

Cypress development Corp is a publicly traded lithium and zinc exploration company that continues to acquire and develop potentially viable mineral projects.

Cypress is very active in Clayton Valley, Nevada with its team committed to systematically exploring its property for both a lithium-brine resource, and expanding exploration relating to the potential for lithium that exists within the recently discovered “claystones”, that has seen recent high grade lithium assays recovered from these same “claystones”.

1. Cypress has an ideally located land position with excellent existing infrastructure in a first-class mining jurisdiction: in the southern half of Clayton Valley, Esmeralda County, Nevada;
2. Adjacent to the only producing lithium brine operation in the United States (Albemarle’s Silver Peak lithium mine);
3. The Cypress property being optioned to Pure Energy Minerals abuts PE’s inferred mineral resource of 816,000 metric tonnes of Lithium Carbonate Equivalent (LCE), reported in accordance with NI 43-101;

Cypress Development Corp. has approx. 25.6 million shares issued and outstanding.

To find out more about Cypress Development Corp. (TSX VENTURE:CYP), visit our website at www.cypressdevelopmentcorp.com.

CYPRESS DEVELOPMENT CORP.

DONALD C. HUSTON, President

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.