Val-d’Or, Québec – Hinterland Metals Inc. (HMI: TSX-Venture) (“Hinterland”) wishes to clarify that at the request of the Investment Industry Regulatory Organization of Canada (“IIROC”) and subject to National Instrument 43-101, 4.2(7), the mineral resource estimate for the DAC deposit (the “Resource Estimate”) on the Destiny property (the “Property”) announced in Hinterland’s press release dated May 15, 2018:
(a) was filed on SEDAR by Alto Ventures Ltd. (“Alto”) on March 7, 2011 in a previous technical report entitled “NI 43-101 Technical Report and Resource Estimate of the DAC Deposit, Destiny Property, Quebec” by Todd McCracken, P.Geo., with an effective date of March 1, 2011 (the “Technical Report”), and was prepared for Alto on behalf of Alto and its then joint venture partner Pacific Northwest Capital Corp.;
(b) the previous Technical Report, and scientific and related technical information was approved by Mark Fekete, P.Geo. as the designated qualified person on behalf of Hinterland;
(c) to the best of Hinterland’s knowledge, information and belief, there is no new material scientific or technical information that would make the disclosure of the Resource Estimate inaccurate or misleading; and
(d) Hinterland intends on filing a technical report under its name supporting the disclosure of the Resource Estimate within 180 days of Hinterland’s press release dated May 15, 2018.
The Property is currently held 100% by Alto. Hinterland is earning up to a 75% interest in the Property subject to the terms an earn-in agreement outlined in Hinterland’s press release dated May 15, 2018.
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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 release. This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company’s periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.