news-releases - Doré Copper Mining Corp - Page 9

Doré Copper intersects 7.0 meters at 9.08% Copper, 0.41 g/t Gold and 30.64 g/t Silver at Corner Bay extending the Deposit Along Strike and Down Plunge (tw approx. 4.6 meters)

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Toronto, Ontario – March 2, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC) is pleased to announce initial intercepts from its 2020 drill program. The maiden 2020 drill program has successfully expanded mineralization at Corner Bay including one of the highest-grade intercepts to date with hole CB-20-17 that returned 9.08% Cu over 7.0 meters (TW approx. 4.6 meters).  This intercept is located 100 meters to the south along strike of holes CB-18-07 (3.5 % Cu over 13.3 meters including 5.22% Cu over 5.11 meters) and CB-18-06 (2.33% Cu over 12.3 meters including 3.98% Cu over 4.3 m).

Highlights from 2020 drilling include:

  • CB-20-17: 7.0 meters of 9.08% Cu, 0.41 g/t Au and 30.64 g/t Ag, including 4.75 meters of 11.07% Cu, 0.48 g/t Au and 36.11 g/t Ag (TW approx. 4.6 meters)
  • CB-20-15: 7.45 meters of 2.38% Cu, 0.12 g/t Au and 4.16 g/t Ag, including 3.65 meters of 3.65% Cu, 0.18 g/t Au and 6.2 g/t Ag (TW approx. 4.8 meters)
  • CB-20-12: 2.45 meters of 3.21% Cu, 0.11 g/t Au and 18.8 g/t Ag (TW approx. 1.6 meters)

Ernest Mast, Doré Copper’s President and CEO stated, “The results of the drilling program suggest that we’ll be able to expand the mineral resource at Corner Bay, one of the highest-grade copper deposits in the Americas. The deposit remains open in all directions and we have numerous targets that will be tested in the future. In addition, we did a downhole EM survey on a shear structure east of the main vein that will generate additional targets. Drilling has commenced at Cedar Bay to test the high-grade gold mineralization of the parallel 10-20 zones where previous drilling intercepted numerous high-grade intercepts including 2.4 meters of 19.5 g/t gold and 1.67% copper as well as test the main vein at Cedar Bay at depth. After the Cedar Bay program, drilling will commence at the high-grade gold Joe Mann mine to test the downdip potential where previous drilling intercepted 3.02 meters of 30.3 g/t gold.”

Drilling has also commenced at the Corporation’s Cedar Bay property, testing the high-grade gold mineralization of the parallel ore zones where previous drilling intercepted numerous high-grade intercepts including 19.5 g/t Au and 1.67% Cu over 2.4 m as well as test the main vein at Cedar Bay at depth.

Corner Bay Drill Program

The intercepts of CB-20-12, CB-20-15 and CB-20-17 extend the main deposit beneath the diorite dyke to the south by approximately 100 meters [on strike] and over a vertical distance of 250 meters (see Figure 1). The intercept of CB-19-08 extended the mineralization above the dyke by 100 meters along strike in parallel to the main vein shear zone. The intercept of CB-20-12 extended the mineralization up-dip below the dyke by 80 meters.  Table 1 provides highlight intercepts from drilling so far in 2020.

Core from hole CB-20-17 will be displayed at the PDAC core shack, booth 3105, on March 3rd and March 4th.

Table 1 – Highlight drill intercepts from drilling at Corner Bay

HoleFrom (m)To (m)Width* (m)Cu (%)Au (g/t)Ag (g/t)
CB-19-08899.3902.22.91.520.117.3
CB-20-12850.6852.852.253.210.1118.8
CB-20-13

862.5863.10.61.890.104.0
907.4910.12.71.400.057.3
CB-20-14805.7806.71.00.790.146.0
CB-20-151066.151073.67.452.380.124.2
Including1068.951072.63.653.650.186.2
CB-20-16Intersected shear zone with weak mineralization. Assays pending.
CB-20-17974.0981.07.09.080.4130.6
Including975.0979.754.7511.070.4836.1
*True widths are estimated to be 65% of downhole lengths.

An isometric view of the intercepts is shown below in a long section of the southern area of the deposit below the dyke. The 2.7 meter intercept at hole CB-20-13 is believed to be offset from the main structure. Hole CB-19-08, the intercept above the dyke is not shown in the image.

Figure 1 – Long section view of the southern area of the Corner Bay Main Zone below the dyke. See Figure 2 for the view of the entire deposit.
Figure 2. Long section of the main vein of the Corner Bay deposit indicating areas where the deposit is open. The diorite dyke is vertical and the main vein dips approximately 75 degrees to the west (out of the page). Therefore, the dyke splits the mineralized body with the upper portion to the east of the dyke and the deeper portion to the west. There is mineralization on each side of the dyke at certain levels.

The Corporation currently has one drill at Corner Bay, drilling a wedged hole to intercept the shear structure approximately 100 meters above CB-20-16 which drifted 220 meters from the previous intercept (CB-18-05). Upon completing the wedged hole, the drill will move to Cedar Bay to join the second rig. 

The Corner Bay project has an indicated resource of 1.35 Mt at average grades of 3.01% Cu and 0.29 g/t Au, containing 89.8 Mlb of copper and 13,000 ounces of gold, and an inferred resource of 1.66 Mt at average grades of 3.84% Cu and 0.27 g/t Au, containing 140.3 Mlb of copper and 15,000 ounces of gold, assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound (Source: Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada, dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng.). 

Cedar Bay Property

The ongoing drill program at Cedar Bay will test the 10-20 zone that consists of three parallel veins where previous drilling returned numerous high-grade copper and gold intercepts including 2.4 m grading 19.5 g/t Au and 1.67% Cu in hole CDR-18-02, and 2.4 m grading 15.4 g/t Au and 4.54% Cu in hole CDR-18-03. The drill program will also test the main Cedar Bay vein at depth.

The Corporation is using Miiken Drilling as the drilling contractor. Miiken is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory. 

Sample preparation and assays were done at SGS and AGAT labs in Val-d’Or, Quebec. Samples were weighed, dried, crushed to 75% passing 2 mm, split 250 g, pulverized to 85% passing 75 microns. Samples at SGS were then fire assayed for Au (30 g) and sodium peroxide fusion ICP-MS finish for 34 elements. At AGAT samples were analyzed by fire assay with ICP finish (50 g) for Au, Pt & Pd, 3 acid digest w/ICP for Ag, and peroxide fusion, ICO-OES finish for 21 elements.

The historical drilling results disclosed in this news release about Corner Bay and Cedar Bay was taken from the technical report entitled “Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada” dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng., which is available under Doré Copper’s profile on SEDAR at www.sedar.com. The historical drilling results disclosed in this news release about Joe Mann was taken from the Technical Report on the Joe Mann Mining Property dated January 11, 2016, prepared by Geologica Inc., Alain-Jean Beauregard, P. Geo, OGQ.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties. Doré Copper completed a qualifying transaction on December 13, 2019, establishing itself as a copper – gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper, through its wholly owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay project and the exploration-stage Cedar Bay project, both located in the vicinity of Chibougamau, Québec, as well as the 2,700-tpd Copper Rand mill. Doré Copper has an option agreement to acquire 100% of the Joe Mann property (see press release dated January 2, 2020), whereby if certain payments and spending requirements are met over a three-year period, the Corporation will become 100% owner of the 1,990-hectare Joe Mann property.

For further information regarding Doré Copper, please visit the Corporation’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com. 

For further information, please contact:

Ernest Mast 
President and Chief Executive Officer
Phone: (416) 792-2229

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the timing and ability of the Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required regulatory approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation 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 required by law.

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 news release.

Doré Copper to attend BMO Global Mining and Metals Conference and present at the Red Cloud Pre-PDAC Mining Showcase

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Toronto, Ontario – February 24, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC) is pleased to announce that it will attend the BMO Global Metals and Mining Conference from February 24th to 26th as an invitee and will present at Red Cloud’s Pre-PDAC Mining Showcase on February 28th.

Ernest Mast, Doré Copper’s President and CEO stated, “We are pleased to be attending these events that give the company additional exposure and the opportunity to meet and present to investors and other corporates. Doré Copper is currently executing a 25,000-meter drilling program where it will drill the high-grade copper Corner Bay property and the high-grade gold Cedar Bay and Joe Mann properties. All the properties are in the Chibougamau area within 60 km of our Copper Rand mill.”

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties. Doré Copper completed a qualifying transaction on December 13, 2019, establishing itself as a copper – gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper, through its wholly owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay project and the exploration-stage Cedar Bay project, both located in the vicinity of Chibougamau, Québec, as well as the 2,700-tpd Copper Rand mill. Doré Copper has an option agreement to acquire 100% of the Joe Mann property (see press release dated January 2, 2020), whereby if certain payments and spending requirements are met over a three-year period, the Corporation will become 100% owner of the 1,990-hectare Joe Mann property.

For further information regarding Doré Copper, please visit the Corporation’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com. 

For further information, please contact:

Ernest Mast 
President and Chief Executive Officer
Phone: (647) 921-0501

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the timing and ability of the Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required regulatory approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation 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 required by law.

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 news release.

Doré Copper announces presentation of Corner Bay project at PDAC Core Shack on March 3rd and 4th

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Toronto, Ontario – February 7, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC) is pleased to announce that the PDAC has accepted a presentation of the Corporation’s Corner Bay project as part of Session B of the Core Shack, on March 3rd and March 4th, 2020. The Corporation will be at booth 3105B and have drill core, maps and a 3D model of the project. 

The Corner Bay project is located approximately 45 km to the south of the Corporation’s Copper Rand mill. Corner Bay is one of the highest-grade copper deposits in the Americas. The Corner Bay project has an indicated resource of 1.35 Mt at average grades of 3.01% Cu and 0.29 g/t Au, containing 89.8 Mlb of copper and 13,000 ounces of gold, and an inferred resource of 1.66 Mt at average grades of 3.84% Cu and 0.27 g/t Au, containing 140.3 Mlb of copper and 15,000 ounces of gold, assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound. 

The Corner Bay deposit is current being drilled to expand its estimated resources. See the Corporation’s January 6th, 2020 press release for more details on the drilling program. Doré Copper is using Miiken Drilling as the drilling contractor. Miiken is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory. 

The Corporation will also engage Integral Wealth Securities Limited, a TSX-listed market maker, as a market maker. 

Under the conditions of the agreement, Integral will be paid $7,500 per month for their services for a minimum term of 3 months. After the initial 3-month term, Doré Copper shall have a right to terminate, provided written notice of termination is received at least 7 days prior to the 90th day of the term.

There are no performance factors contained in the agreement and Integral will not receive shares or options as compensation. Doré Copper and Integral are unrelated entities, and Integral has no present direct or indirect interest in the Corporation or its securities.

The historical technical information disclosed in this news release about Corner Bay was taken from the technical report entitled “Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada” dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng., which is available under Doré Copper’s profile on SEDAR at www.sedar.com.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties. Doré Copper completed a qualifying transaction on December 13, 2019 establishing itself as a copper – gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay project and the exploration-stage Cedar Bay project, both located in the vicinity of Chibougamau, Québec, as well as the 2,700-tpd Copper Rand mill. Doré Copper has an option agreement to acquire 100% of the Joe Mann property (see press release dated January 2, 2020), whereby if certain payments and spending requirements are met over a three-year period, the Corporation will become 100% owner of the 1,990-hectare Joe Mann property.

For further information regarding Doré Copper, please visit the Corporation’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com. 

For further information, please contact:

Ernest Mast 
President and Chief Executive Officer
Phone: (647) 921-0501
Email:  

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the timing and ability of the Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required regulatory approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation 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 required by law.

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 news release.

Doré Copper announces Initial Drilling Plan to follow up on High-Grade Gold and Copper Mineralization

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Toronto, Ontario – January 6, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC) is pleased to announce its initial drilling plans for 2020. Doré Copper owns mineral rights and has options to various deposits in the Chibougamau mining camp in Québec. The initial drilling plans will aim to expand the estimated resources at Corner Bay and Cedar Bay and test the potential high-grade gold zone at the optioned Joe Mann property. Drilling will commence in the second week of January 2020. 

Highlights

  • Corner Bay remains open in all directions and drilling will focus on extending mineralization to the south where 2018 drilling intersected wide zones of high-grade copper including 3.45% Cu over 13.3 m and 4.11% Cu over 6.6 m.
  • Cedar Bay drilling will focus on extending the high-grade 10-20 zone where drilling in 2018 intersected 2.4 m of 1.7% Cu and 19.5 g/t Au and 2.4 m of 4.54% Cu and 15.4 g/t Au, and testing the Cedar Bay main vein at depth.  
  • The high-grade Joe Mann gold mine will be tested along strike and down dip from previously mined zones to follow up on holes drilled in 2008 after the mine closure that intercepted 30.3 g/t and 1.3% Cu over 3.02 m and 26.6 g/t Au over 1.8 m.

Ernest Mast, President and CEO of Doré Copper stated, “The initial 2020 drilling program will help us determine the immediate expansion potential of our known deposits at Corner Bay and Cedar Bay and drill for the first time since 2008 the down dip potential of Joe Mann. The Corporation is uniquely positioned to extend known mineral resources of both high-grade copper and gold deposits all in close vicinity to the Corporation’s centrally located 2,700-tpd mill.” 

Corner Bay

Drilling at Corner Bay will focus on extending the main zone to the south along strike where drilling in 2018 identified wide zones of  high-grade copper including CB-18-07:  3.45% Cu over 13.3 m, CB-18-06: 2.33% Cu over 12.3 m and CB-18-05: 4.11% Cu over 6.6 m. The Corporation is planning to drill six holes testing the mineralization on strike and down dip with the potential to extend mineralization to the south. 

Figure 1. Long Section of the main vein at Corner Bay showing the down hole lengths and grades of the area just below the diabase dyke. 

Cedar Bay

The Corporation will recommence drilling at Cedar Bay where the goal will be to extend the resources at the 10-20 zone where 2018 drilling confirmed a high-grade zone of stacked veins, including CDR 18-02: 2.4 m of 1.7% Cu and 19.5 g/t Au and CDR 18-03: 2.4 m of 4.54% Cu and 15.4 g/t Au. The drilling will also target the Cedar Bay main zone at depth which is 200 meters to the south-west of the 10-20 zone. Cedar Bay produced 3.8 Mt at 1.57% Cu and 3.12 g/t Au to a depth of 675 meters. The mineralization remains open at the level of the shaft, 1,100 m, with limited drilling conducted to test the depth potential of the parallel mineralized veins.

Two initial holes will be drilled after which the Corporation will utilize directional drilling technology to drill four to six additional holes reducing the overall cost of drilling and maximizing the number of intercepts.

Figure 2. Long Section of the central vein in the 10-20 area at Cedar Bay showing the down hole lengths and grades of historic and 2018 drilling in an area adjacent to the existing mine shaft. 

Joe Mann

Thirdly, the high-grade Joe Mann gold mine will be tested along strike and down dip following up on holes EE-188: 30.3 g/t and 1.3% Cu over 3.02 m and EE 189B: 26.6 g/t Au over 1.8 m, and 14.72 g/t Au over 1.2 m. These two high-grade drill intercepts were drilled in 2008, after the mine stopped operations. No follow-up work has ever been done on EE-188 and EE-189B. A total of two to three pierce points will be obtained at Joe Mann prior to deciding on future drilling. 

Figure 3. Long section of the Joe Mann main vein showing high-grade intercepts below the lowest mining level. 

The Corporation will use Miiken Drilling as the drilling contractor. Miiken is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory. 

The historical technical information disclosed in this news release about Corner Bay and Cedar Bay was taken from the technical report entitled “Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada” dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng., which is available under Doré Copper’s profile on SEDAR at www.sedar.com. The historical technical information disclosed in this news release about Joe Mann was taken from the Technical Report on the Joe Mann Mining Property dated January 11, 2016, prepared by Geologica Inc., Alain-Jean Beauregard, P. Geo, OGQ.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties. Doré Copper completed a qualifying transaction on December 13, 2019 establishing itself as a copper – gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay Project and the exploration-stage Cedar Bay Project, both located in the vicinity of Chibougamau, Québec, as well as the 2,700-tpd Copper Rand mill. Doré Copper has an option to earn a 100% interest in the Joe Mann property. 

For further information regarding Doré Copper, please visit the Corporation’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com. 

For further information, please contact:

Ernest Mast 
President and Chief Executive Officer
Phone: (647) 921-0501
Email:  

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the timing and ability of the Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required regulatory approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation 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 required by law.

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 news release.

Doré Copper Options the High-Grade Joe Mann Gold Mine in Québec

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TORONTO, Jan. 2, 2020 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC) is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the Joe Mann gold mine (“Joe Mann“) located in Québec. The mine is located approximately 50 km from the Corporation’s Copper Rand mill, where mineralized material from Joe Mann was processed from 2004 until its closure in 2007, and is accessible by all season roads. Joe Mann has been privately held since 2008. The Corporation does not currently consider Joe Mann to be a material property for the purposes of National Instrument 43-101.

Highlights

  • Production of 1.173 million ounces of gold at a grade of 8.26 g/t Au, 607,000 ounces of silver at 5 g/t Ag and 28.7 million pounds of copper at 0.25% Cu (Source: Technical Report on the Joe Mann Mining Property dated January 11, 2016, prepared by Geologica Inc.).
  • Mineralization remains strong and persistent at depth with Hole EE-189B intersecting 26.66 g/t Au over 1.8 m and Hole EE-188 intersecting 30.3 g/t Au and 1.3% Cu over 3.02 m extending the Main Zone 170 meters down dip.
  • The more recently discovered West Zone, a potential structural off-set that allows much thicker, higher-grade veins to form, remains open and is a high priority exploration target with historic intercepts including 2.44 m @ 24.62 g/t Au, 3.93 m @ 31.54 g/t Au, 2.62 m @ 24.28 g/t Au and 3.2 m @ 16.1 g/t Au.
  • Exploration potential remains excellent including new parallel zones identified by recent surface prospecting work that lie just several hundred meters to the south of the main mine.
  • Significant infrastructure in place including power and a shaft down to the 1,145-meter level.

Ernest Mast, President and CEO of Doré Copper commented, “Joe Mann was closed during a period of low gold prices. This is a rare opportunity to secure a significant high-grade gold underground asset that remains open at depth and along strike with numerous high priority exploration targets. An exploration program at Joe Mann will focus on the significant potential to extend high-grade mineralization at depth as well as defining new zones of mineralization, all accessible from the 3,775-foot shaft (see Figure 1). We believe Joe Mann may demonstrate similar potential to Wesdome’s Eagle River, Alamos’ Island Gold or Kirkland Lake’s Macassa mine where the high-grade gold deposits not only continue at depth but with improved grades while yielding new discoveries. Joe Mann fits into our exploration and development plans, adding another high-grade gold-copper project to our portfolio to leverage our strategically located mill.”

Figure 1: Long Section. Mineralization remains open in all directions and has not been mined below the 3,450-ft level. Blue and red are the two parallel vein zones at Joe Mann. (CNW Group/Doré Copper Mining Corp.)

Joe Mann Property

Joe Mann operated for 27 of the years between 1956 and 2007, with mineralized material processed at an onsite mill, the Principale mill, and Doré Copper’s Copper Rand mill.

Joe Mann consists of 55 mineral titles comprising 1,990.2 hectares of land. Doré Copper already owns 22 claims in the Joe Mann area via its 100% owned subsidiary CBAY Minerals Inc. Four of the 22 claims were recently acquired and are currently being transferred to CBAY Minerals Inc.

Joe Mann is characterized by E-W striking shear hosted veins that extend beyond 1,000 m vertically with mineralization identified over 3 km in strike. Gold mineralization at Joe Mann occurs within deformed quartz-sulphide veins hosted in high strain shear zones affecting mafic intrusions and felsic volcanic rocks metamorphosed to lower-amphibolite assemblages.

Substantial infrastructure remains at Joe Mann with the shaft down to the 3,775-foot level (1,145 meters). Significant potential remains at Joe Mann to extend the mineralization at depth and along strike, including the West Zone and potential new zones to the North and South. Thick, high-grade gold mineralization was encountered at depth between the 2750 level and the 3450 level (see Figure 2). In 2007-2008, after the mine closed, three holes were drilled from underground to test the depth extensions of the mine approximately 170 m below the lowest level (3,450 ft below surface). Hole EE-189B intersected the Main Zone and returned 26.66 g/t Au over 1.8 m and 14.72 g/t Au over 1.2 m. Hole EE-188 intersected the Main Zone, 30.3 g/t Au and 1.3% Cu over 3.02 m and the South Zone, 9.23 g/t Au over 0.91 m. One of the holes did not reach the Main Zone. These drill holes show that the mineralization is still strong and persistent down dip with excellent potential along the entire untested strike at depth. These holes represent the latest drilling results on the property. 

Figure 2: Long section of the Joe Mann mine and isometric interpretation from Campbell Resources Inc. The intercepts in the upper diagram have been mined, however the intercepts display the thick, high-grade shoots that exist at Joe Mann. (CNW Group/Doré Copper Mining Corp.)

The plunge of the mineralized body is to the east, with the West Zone being one of the most promising areas of upside potential for thick high-grade mineralization because of the limited amount of drilling and exploration done in that area historically down dip/plunge of the known mineralization. The West Zone might be an area of structural off-set (jog) that allows a much thicker, higher-grade vein to form, with more drilling and study required to confirm. Historic intercepts include: 2.44 m @ 24.62 g/t Au, 3.93 m @ 31.54 g/t Au and 2.62 m @ 24.28 g/t Au (mined) and 5.0 m at 10.3 g/t Au, 3.2 m @ 16.1 g/t Au and 3.3 m @ 10.4 g/t Au (unmined).

New parallel zones have been identified by recent surface prospecting work that lie just several hundred meters to the south of the main mine.

A high-grade core was identified from the 2750 level down to the 3450 level including 18.4 g/t Au over 7.5 meters (0.537 oz/t over 24.6 feet) and 9.70 g/t Au over 18.1 meters (0.283 oz/t over 45.3 feet). The drill holes from 2007 to 2008 intersected the vein 170 m below the lowest level shown and indicated that the high-grade mineralization continues down dip. The shaft that was deepened in 2001 goes to a depth of 1,145 meters.

In 2017 a high resolution airborne magnetic survey was completed and several magnetic anomalies of moderate to strong amplitudes were identified. In addition to Joe Mann being open along strike and at depth, Joe Mann was poorly explored to the south, and the magnetic survey has identified numerous high-priority exploration targets at Joe Mann.

Figure 3: Plan view image of the magnetic anomaly map with new exploration targets to the south and south-west of the Joe Mann mine. From Lac Norhart West (Joe Mann Property) NTS 32G/08 Québec, MRB & Associates, November 30, 2018. John Langton (M.Sc. P. Geo.) (CNW Group/Doré Copper Mining Corp.)

Terms of Option Agreement

The Corporation has entered into an option agreement with the owners of Joe Mann, Ressources Jessie Inc. (“Ressources Jessie“) and Legault Metals Inc. (“Legault“), to acquire a 100% interest in Joe Mann on the following terms:

  • A cash payment of $1,000,000 to Ressources Jessie and 400,000 common shares of Doré Copper (“Doré Copper Shares“) to be issued to Legault at a deemed price of $1.25 per share on the effective date of the option agreement (“Effective Date“).
  • A cash payment of $250,000 to Ressources Jessie and $500,000 in Doré Copper Shares to be issued to Legault on the first anniversary of the Effective Date.
  • A cash payment of $1,000,000 to Ressources Jessie upon completion of 5,000 meters of drilling at Joe Mann or on the earlier of the second anniversary of the Effective Date or 18 months from the commencement of drilling.
  • A cash payment of $500,000 to Ressources Jessie and $500,000 in Doré Copper Shares to be issued to Legault on the second anniversary of the Effective Date.
  • A cash payment of $1,500,000 to Ressources Jessie and $1,000,000 in Doré Copper Shares to be issued to Legault on the third anniversary of the Effective Date.
  • Spending $2,500,000 in qualifying exploration expenditures before the third anniversary of the Effective Date.
  • A cash payment of $1,000,000 to Ressources Jessie and $1,500,000 in Doré Copper Shares to be issued to Legault upon the commencement of commercial production at Joe Mann.
  • A 2% net smelter return royalty will be granted to Ressources Jessie and the Corporation will hold the option to buy back 1% for $2,000,000 and buy back a further 0.5% for $4,000,000.

The terms and conditions of the option agreement are subject to approval from applicable regulatory authorities, including the TSX Venture Exchange.

The historical technical information disclosed in this news release about Joe Mann was taken from the Technical Report on the Joe Mann Mining Property dated January 11, 2016, prepared by Geologica Inc., Alain-Jean Beauregard, P. Geo, OGQ.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties. Doré Copper completed a qualifying transaction on December 13, 2019 establishing itself as a copper – gold explorer and developer in the Chibougamau area of Québec, Canada. Doré Copper, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay Project and the exploration-stage Cedar Bay Project, both located in the vicinity of Chibougamau, Québec, as well as the 2,700-tpd Copper Rand mill. Doré Copper has an option to earn a 100% interest in the Joe Mann property.

For further information regarding Doré Copper, please visit the Corporation’s website at www.dorecopper.com or refer to Doré Copper’s SEDAR filings at www.sedar.com.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the timing and ability of the Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required regulatory approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation 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 required by law.

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 news release.

For further information:

Ernest Mast
President and Chief Executive Officer
Phone: (647) 921-0501
Email: 

Doré Copper Announces Closing of Final Tranche of Private Placement of Flow-Through Shares for Aggregate Gross Proceeds of c$1,450,050

Not for distribution to United States news wire services or for dissemination in the United States

(Toronto, Ontario – December 30, 2019) Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSX-V:DCMC) is pleased to announce that it has closed the final tranche of its previously announced “best efforts” brokered private placement (the “Offering“), pursuant to which the Corporation sold an aggregate of 883,485 common shares in the capital of the Corporation that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and, in relation to common shares issued to residents in Québec, section 359.1 of the Taxation Act (Québec) (collectively, the “Flow-Through Shares“), for aggregate gross proceeds of C$1,450,050.25. The Flow-Through Shares were issued in two tranches with the first tranche consisting of 848,485 Flow-Through Shares issued to residents of Québec at a price of C$1.65 per Flow-Through Share for aggregate gross proceeds of C$1,400,000.25 and the second tranche consisting of 35,000 Flow-Through Shares issued to residents outside of Québec at a price of C$1.43 per Flow-Through Share for aggregate gross proceeds of C$50,050. The total aggregate gross proceeds raised under the Offering was C$4,471,123.25.

Canaccord Genuity Corp. acted as agent (the “Agent“) in connection with the Offering pursuant to the terms of an agency agreement dated December 23, 2019. In consideration for its services in connection with the closing of the final tranche of the Offering, the Corporation paid the Agent a cash commission equal to 7% of the aggregate gross proceeds from the sale of Flow-Through Shares, and a reduced cash commission equal to 4.25% of the aggregate gross proceeds from the sale of Flow-Through Shares to certain purchasers. As additional consideration for its services in connection with the closing of the final tranche of the Offering, the Corporation issued the Agent non-transferable broker warrants of the Corporation (“Broker Warrants“) equal to 7% of the aggregate number of Flow-Through Shares issued. Each Broker Warrant is exercisable to acquire one common share in the capital of the Corporation at an exercise price of C$1.43 per share until December 30, 2021.

The Corporation will use an amount equal to the gross proceeds received by the Corporation from the sale of the Flow-Through Shares, pursuant to the provisions in the Income Tax Act (Canada) and the Taxation Act (Québec), to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) on or before December 31, 2020, and will renounce all of the Qualifying Expenditures in favour of the purchasers of the Flow-Through Shares effective December 31, 2019. In addition, with respect to Québec resident purchasers of the Flow-Through Shares who are eligible individuals under the Taxation Act (Québec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Québec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Québec) and for inclusion in the “exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Québec).

The Offering was made by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws. The securities issued in connection with the closing of the final tranche of the Offering are subject to a hold period under applicable Canadian securities laws which will expire on May 1, 2020. The Offering is subject to final acceptance of the TSX Venture Exchange.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties.

Doré Copper completed a qualifying transaction on December 13, 2019 establishing itself as a copper – gold explorer and developer in the Chibougamau area of Québec, Canada. 

Doré Copper, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay Project and the exploration-stage Cedar Bay Project, both located in the vicinity of Chibougamau, Québec. The Corner Bay Project has an indicated resource of 1.35 Mt at average grades of 3.01% Cu and 0.29 g/t Au, containing 89.8 Mlb of copper and 13,000 ounces of gold, and an inferred resource of 1.66 Mt at average grades of 3.84% Cu and 0.27 g/t Au, containing 140.3 Mlb of copper and 15,000 ounces of gold, assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound. The Cedar Bay Project has an indicated resource of 130 kt at average grades of 9.44 g/t Au and 1.55% Cu, containing 39,000 ounces of gold and 4.4 Mlb of copper, and an inferred resource of 230 kt at average grades of 8.32 g/t Au and 2.13% Cu, containing 61,000 ounces of gold and 10.8 Mlb of copper, assuming a cut-off grade of 2.9 g/t Au and a gold price of US$1,400 per ounce. Doré Copper’s drill program has been successful at expanding the resources at the Corner Bay Project and confirming three high grade veins at the shaft bottom depth at the Cedar Bay Project. Both deposits are open along strike and down dip. Both the Corner Bay Project and the Cedar Bay Project are accessible by road and are approximately 20 km apart. Mineralization from both the Corner Bay Project and the Cedar Bay Project would be treated at Doré Copper’s Copper Rand concentrator located 8 km southwest of Chibougamau, Québec. For further information, please see the technical report entitled “Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada” dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng., which is available under Doré Copper’s profile on SEDAR at www.sedar.com.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

For further information, please contact:

Ernest Mast 
President and Chief Executive Officer
Phone: (647) 921-0501

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the use of proceeds of the Offering, the timing and ability of the Corporation to receive final acceptance of the Offering from the TSX Venture Exchange, and the plans, operations and prospects of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation 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 required by law.

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 news release.

Doré Copper Announces Closing of Initial Tranche of Private Placement of Flow-Through Shares for Aggregate Gross Proceeds of c$3,021,073

Not for distribution to United States news wire services or for dissemination in the United States

(Toronto, Ontario – December 23, 2019) Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSX-V:DCMC) is pleased to announce that it has closed an initial tranche of its previously announced “best efforts” brokered private placement (the “Offering“), pursuant to which the Corporation sold an aggregate of 1,982,100 common shares in the capital of the Corporation that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and, in relation to common shares issued to residents in Québec, section 359.1 of the Taxation Act (Québec) (collectively, the “Flow-Through Shares“), for aggregate gross proceeds of C$3,021,073. The Flow-Through Shares were issued in two tranches with the first tranche consisting of 848,500 Flow-Through Shares issued to residents of Québec at a price of C$1.65 per Flow-Through Share for aggregate gross proceeds of C$1,400,025 and the second tranche consisting of 1,133,600 Flow-Through Shares issued to residents outside of Québec at a price of C$1.43 per Flow-Through Share for aggregate gross proceeds of C$1,621,048. A second tranche of the Offering is expected to close on or about December 30, 2019.

Canaccord Genuity Corp. is acting as agent (the “Agent“) in connection with the Offering pursuant to the terms of an agency agreement dated December 23, 2019. In consideration for its services in connection with the closing of the initial tranche of the Offering, the Corporation paid the Agent a cash commission equal to 7% of the aggregate gross proceeds from the sale of Flow-Through Shares, and a reduced cash commission equal to 3.5% of the aggregate gross proceeds from the sale of Flow-Through Shares to purchasers on the “President’s List”. As additional consideration for its services in connection with the closing of the initial tranche of the Offering, the Corporation issued the Agent non-transferable broker warrants of the Corporation (“Broker Warrants“) equal to 7% of the aggregate number of Flow-Through Shares issued, and a reduced number of Broker Warrants equal to 3.5% of the number of Flow-Through Shares issued to purchasers on the “President’s List”. Each Broker Warrant is exercisable to acquire one common share in the capital of the Corporation at an exercise price of C$1.43 per share until December 23, 2021.

The Corporation will use an amount equal to the gross proceeds received by the Corporation from the sale of the Flow-Through Shares, pursuant to the provisions in the Income Tax Act (Canada) and the Taxation Act (Québec), to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) on or before December 31, 2020, and will renounce all of the Qualifying Expenditures in favour of the purchasers of the Flow-Through Shares effective December 31, 2019. In addition, with respect to Québec resident purchasers of the Flow-Through Shares who are eligible individuals under the Taxation Act (Québec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Québec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Québec) and for inclusion in the “exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Québec).

The Offering is being made by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws. The securities issued in connection with the closing of the initial tranche of the Offering are subject to a hold period under applicable Canadian securities laws which will expire on April 24, 2020. The Offering is subject to final acceptance of the TSX Venture Exchange.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties.

Doré Copper completed a qualifying transaction on December 13, 2019 establishing itself as a copper – gold explorer and developer in the Chibougamau area of Québec, Canada. 

Doré Copper, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay Project and the exploration-stage Cedar Bay Project, both located in the vicinity of Chibougamau, Québec. The Corner Bay Project has an indicated resource of 1.35 Mt at average grades of 3.01% Cu and 0.29 g/t Au, containing 89.8 Mlb of copper and 13,000 ounces of gold, and an inferred resource of 1.66 Mt at average grades of 3.84% Cu and 0.27 g/t Au, containing 140.3 Mlb of copper and 15,000 ounces of gold, assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound. The Cedar Bay Project has an indicated resource of 130 kt at average grades of 9.44 g/t Au and 1.55% Cu, containing 39,000 ounces of gold and 4.4 Mlb of copper, and an inferred resource of 230 kt at average grades of 8.32 g/t Au and 2.13% Cu, containing 61,000 ounces of gold and 10.8 Mlb of copper, assuming a cut-off grade of 2.9 g/t Au and a gold price of US$1,400 per ounce. Doré Copper’s drill program has been successful at expanding the resources at the Corner Bay Project and confirming three high grade veins at the shaft bottom depth at the Cedar Bay Project. Both deposits are open along strike and down dip. Both the Corner Bay Project and the Cedar Bay Project are accessible by road and are approximately 20 km apart. Mineralization from both the Corner Bay Project and the Cedar Bay Project would be treated at Doré Copper’s Copper Rand concentrator located 8 km southwest of Chibougamau, Québec. For further information, please see the technical report entitled “Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada” dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng., which is available under Doré Copper’s profile on SEDAR at www.sedar.com.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

For further information, please contact:

Ernest Mast 
President and Chief Executive Officer
Phone: (647) 921-0501

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the use of proceeds of the Offering, the timing and ability of the Corporation to close a second tranche of the Offering, the timing and ability of the Corporation to receive final acceptance of the Offering from the TSX Venture Exchange, and the plans, operations and prospects of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation 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 required by law.

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 news release.

Doré Copper Announces up to C$4.5 Million Private Placement of Flow-Through Shares

TORONTO, Dec. 18, 2019 – Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSX-V:DCMC) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. in connection with a “best efforts” private placement of an aggregate of up to 2,886,000 common shares of the Corporation that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and, in relation to FT Tranche One (as defined herein), section 359.1 of the Taxation Act (Québec)) (collectively, the “Flow-Through Shares“) for aggregate gross proceeds of up to approximately C$4.5 million (the “Offering“). The Flow-Through Shares will be issued in two tranches. The first tranche will consist of up to 1,697,000 Flow-Through Shares issued to residents of Québec (“FT Tranche One“) at an issue price of C$1.65 per Flow-Through Share for gross proceeds of up to approximately C$2.8 million. The second tranche will consist of up to 1,189,000 Flow-Through Shares to be issued to residents outside of Québec at an issue price of C$1.43 per Flow-Through Share for gross proceeds of up to approximately C$1.7 million.

The Corporation will use an amount equal to the gross proceeds received by the Corporation from the sale of the Flow-Through Shares, pursuant to the provisions in the Income Tax Act (Canada) and the Taxation Act (Québec), to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) on or before December 31, 2020, and to renounce all the Qualifying Expenditures in favour of the subscribers of the Flow-Through Shares effective December 31, 2019. In addition, with respect to Québec resident subscribers of the Flow-Through Shares who are eligible individuals under the Taxation Act (Québec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Québec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Québec) and for inclusion in the “exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Québec).

The Offering will close in one or more tranches, with the first tranche expected to close on or about December 23, 2019 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange. The Offering is being made by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws. The securities issued under the Offering will be subject to a hold period under applicable Canadian securities laws expiring four months and one day from the closing date of the Offering.

About Doré Copper Mining Corp.

Doré Copper is engaged in the acquisition, exploration and evaluation of mineral properties.

Doré Copper completed a qualifying transaction on December 13, 2019 establishing itself as a copper – gold explorer and developer in the Chibougamau area of Québec, Canada.

Doré Copper, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay Project and the exploration-stage Cedar Bay Project, both located in the vicinity of Chibougamau, Québec. The Corner Bay Project has an indicated resource of 1.35 Mt at average grades of 3.01% Cu and 0.29 g/t Au, containing 89.8 Mlb of copper and 13,000 ounces of gold, and an inferred resource of 1.66 Mt at average grades of 3.84% Cu and 0.27 g/t Au, containing 140.3 Mlb of copper and 15,000 ounces of gold, assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound. The Cedar Bay Project has an indicated resource of 130 kt at average grades of 9.44 g/t Au and 1.55% Cu, containing 39,000 ounces of gold and 4.4 Mlb of copper, and an inferred resource of 230 kt at average grades of 8.32 g/t Au and 2.13% Cu, containing 61,000 ounces of gold and 10.8 Mlb of copper, assuming a cut-off grade of 2.9 g/t Au and a gold price of US$1,400 per ounce. Doré Copper’s drill program has been successful at expanding the resources at the Corner Bay Project and confirming three high grade veins at the shaft bottom depth at the Cedar Bay Project. Both deposits are open along strike and down dip. Both the Corner Bay Project and the Cedar Bay Project are accessible by road and are approximately 20 km apart. Mineralization from both the Corner Bay Project and the Cedar Bay Project would be treated at Doré Copper’s Copper Rand concentrator located 8 km southwest of Chibougamau, Québec. For further information, please see the technical report entitled “Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada” dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng., which is available under Doré Copper’s profile on SEDAR at www.sedar.com.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

For further information, please contact:

Ernest Mast 
President and Chief Executive Officer
Phone: (647) 921-0501
Email: 

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Corporation to close the Offering, the timing and ability of the Corporation to receive necessary regulatory approvals, and the plans, operations and prospects of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation 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 required by law.

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 news release.

Doré Copper Mining Corp. announces completion of qualifying transaction and establishes itself as a copper–gold explorer and developer in the Chibougamau area of Québec, Canada

Toronto, Ontario – December 13, 2019 – Doré Copper Mining Corp. (formerly capital pool company ChaiNode Opportunities Corp.) (“Doré Copper” or the “Corporation“) (TSXV: DCMC) is pleased to announce that, further to its comprehensive news release dated August 19, 2019, it has completed the acquisition of all of the issued and outstanding securities of AmAuCu Mining Corporation (“AmAuCu“) constituting its “Qualifying Transaction” (within the meaning of the policies of the TSX Venture Exchange) (the “Qualifying Transaction“). Prior to the completion of the Qualifying Transaction, the Corporation effected a consolidation of its outstanding common shares on the basis of one post-consolidation common share for every 10.8 pre-consolidation common shares (the “Consolidation“), changed its name from “ChaiNode Opportunities Corp.” (“ChaiNode“) to “Doré Copper Mining Corp.” (the “Name Change“) and continued under the Canada Business Corporations Act (the “Continuance“). The Consolidation, the Name Change and the Continuance, among other matters, were approved by the shareholders of the Corporation at an annual and special meeting of shareholders held on August 21, 2019.

The Qualifying Transaction was completed by way of a three-cornered amalgamation (the “Amalgamation“) pursuant to which, among other things, (i) AmAuCu amalgamated with a wholly-owned subsidiary of the Corporation, incorporated for the purposes of the Amalgamation, pursuant to the provisions of the Canada Business Corporations Act, and (ii) all of the outstanding common shares of AmAuCu (“AmAuCu Shares“) were cancelled and, in consideration therefor, the holders thereof received post-consolidation common shares of the Corporation (“Doré Copper Shares“) on the basis of one Doré Copper Share for each AmAuCu Share (the “Exchange Ratio“). In connection with the completion of the Qualifying Transaction, the Doré Copper Shares will be listed on the TSX Venture Exchange under the ticker symbol “DCMC”. It is anticipated that trading of the Doré Copper Shares under the new ticker symbol will commence on December 17, 2019.

Immediately following completion of the Amalgamation, the corporation resulting from the Amalgamation completed a vertical short form amalgamation with its wholly-owned subsidiary, CBAY Minerals Inc., to form a new corporation which will continue under the name “CBAY Minerals Inc.” (“CBAY“) as a wholly-owned subsidiary of the Corporation.

The Corporation, through CBAY, is engaged in the acquisition, exploration and evaluation of mineral properties and holds a 100% interest in the exploration-stage Corner Bay Project and the exploration-stage Cedar Bay Project, both located in the vicinity of Chibougamau, Québec. In addition, the Corporation has a past permitted 2,700 tpd mill and tailings management facility. The Corporation samples the water effluent from the tailings management facility on a weekly basis and the water quality meets all provincial and federal regulations. While operating as a private company over the last two years, AmAuCu drilled 19,000 meters at Corner Bay and Cedar Bay thereby increasing the mineral resource estimate at the Corner Bay Project and establishing a new mineral resource estimate at the Cedar Bay Project. The Corner Bay Project has an indicated resource of 1.35 Mt at average grades of 3.01% Cu and 0.29 g/t Au, containing 89.8 Mlb of copper and 13,000 ounces of gold, and an inferred resource of 1.66 Mt at average grades of 3.84% Cu and 0.27 g/t Au, containing 140.3 Mlb of copper and 15,000 ounces of gold, assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound. The Cedar Bay Project has an indicated resource of 130 kt at average grades of 9.44 g/t Au and 1.55% Cu, containing 39,000 ounces of gold and 4.4 Mlb of copper, and an inferred resource of 230 kt at average grades of 8.32 g/t Au and 2.13% Cu, containing 61,000 ounces of gold and 10.8 Mlb of copper, assuming a cut-off grade of 2.9 g/t Au and a gold price of US$1,400 per ounce. The drill program has been successful at expanding the resources at the Corner Bay Project and confirming three high-grade veins at the same level at the bottom of the shaft at the Cedar Bay Project. Both deposits are open along strike and down dip. The Corporation plans to further expand resources by following up on the drill results from 2018 at Corner Bay along strike, such as CB-18-07, 13.3 meters intersecting 3.45% Cu, CB-18-06, 12.3 meters intersecting 2.33% Cu, and CB-18-05, 6.55 meters intersecting 4.11% Cu. Follow up at Cedar Bay will focus on expanding resources in the vicinity of CDR-18-02, 2.4 meters intersecting 19.5 g/t Au and 1.67% Cu, and CDR-18-18-03, 2.4 meters intersecting 15.4 g/t Au and 4.54% Cu, as well as at parallel veins. For further information, please see the technical report entitled “Technical Report on the Corner Bay and Cedar Bay Projects, Northwest Québec, Canada” dated June 15, 2019, prepared by Luke Evans, M.Sc., P.Eng., which is available on SEDAR at www.sedar.com.

Following completion of the Qualifying Transaction, the officers and directors of the Corporation are as follows:

  • Mario Stifano, Executive Chairman and Director
  • Ernest Mast, President, Chief Executive Officer and Director
  • Gavin Nelson, Chief Financial Officer and Corporate Secretary
  • Frank Balint, Director
  • Joseph de la Plante, Director
  • Sara Heston, Director
  • Matt Manson, Director
  • Brent Omland, Director

Ernest Mast, President and CEO of the Corporation, stated, “We are very pleased to have completed the Qualifying Transaction in order to commence trading of Doré Copper Mining Corp. The Chibougamau district has excellent potential and we are excited to continue our successful drill programs to identify additional high-grade copper and gold resources and to ultimately recommence operations at the high-grade copper and gold mines in a district that has produced over 3.2 million ounces of gold and 1.6 billion pounds of copper. Québec and the Eeyou Istchee (James Bay) area is an excellent mineral jurisdiction and we look forward to working with the First Nations and other stakeholders in advancing our projects.“

Mario Stifano, Executive Chairman of the Corporation, stated, “Significant investment was made as a private company to drill and advance the projects and it gives me great pleasure to see the company succeed in going public and on a trajectory to recommence operations in this great geological camp. Doré Copper has attracted a premier Board and management team with strong long-term financial support and I would like to thank the investors and stakeholders that have made this possible.”

On the business day immediately prior to the completion of the Amalgamation, each of the 3,861,983 subscription receipts (the “AmAuCu Subscription Receipts“) issued by AmAuCu on November 4, 2019, pursuant to a brokered private placement completed by AmAuCu through Canaccord Genuity Corp. and BMO Nesbitt Burns Inc., as agents, were automatically converted, without payment of additional consideration or any further action by the holders thereof, into one unit of AmAuCu (an “AmAuCu Unit“) in accordance with their terms. Each AmAuCu Unit was comprised of one AmAuCu Share and one-half of one common share purchase warrant of AmAuCu (each whole common share purchase warrant, an “AmAuCu Warrant“). Additionally, on the business day immediately prior to the completion of the Amalgamation, AmAuCu settled an aggregate of approximately $2,043,389.40 of debt in consideration for the issuance of an aggregate of 1,571,838 AmAuCu Shares at a deemed price of $1.30 per AmAuCu Share. At the effective time of the Amalgamation, among other things, outstanding AmAuCu Shares (including those AmAuCu Shares comprising the AmAuCu Units issued upon the automatic conversion of the AmAuCu Subscription Receipts) and AmAuCu Warrants were exchanged for Doré Copper Shares and common share purchase warrants of the Corporation (“Doré Copper Replacement Warrants“), respectively, on the basis of the Exchange Ratio. Each Doré Copper Replacement Warrant entitles the holder thereof to acquire one Doré Copper Share at a price of $1.95 per Doré Copper Share at any time on or before November 4, 2021, subject to adjustment in certain events. In addition, at the effective time of the Amalgamation, 188,260 broker warrants of AmAuCu issued in connection with the private placement were exchanged for broker warrants of the Corporation (“Doré Copper Replacement Broker Warrants“) on the basis of the Exchange Ratio. Each Doré Copper Replacement Broker Warrant entitles the holder thereof to acquire one Doré Copper Share at a price of $1.30 per Doré Copper Share at any time on or before December 13, 2021, subject to adjustment in certain events.

No fractional Doré Copper Shares were issued pursuant to the Consolidation. If, as a result of the Consolidation, a holder of pre-consolidation common shares was otherwise entitled to a fraction of a Doré Copper Share, the number of Doré Copper Shares issuable to such holder was rounded down to the nearest whole number. As a result of the Amalgamation, there are 25,710,011 Doré Copper Shares outstanding, of which 24,876,678 Doré Copper Shares, representing approximately 96.76% of the currently outstanding Doré Copper Shares, are held by the former AmAuCu shareholders. In addition, an aggregate of 3,417,860 Doré Copper Shares have been reserved for issuance upon the exercise of Doré Copper Replacement Warrants, Doré Copper Replacement Broker Warrants, Doré Copper Replacement Options, former stock options of ChaiNode and former agent options of ChaiNode.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

For further information regarding the Qualifying Transaction, Doré Copper Mining Corp., AmAuCu Mining Corporation and CBAY Minerals Inc., please see the filing statement of ChaiNode Opportunities Corp. dated November 28, 2019, which is available on SEDAR at www.sedar.com.

Andrey Rinta, P.Geo., the Exploration Manager of the Corporation and a “Qualified Person” within the meaning of National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

For further information, please contact:

Ernest Mast 
President and Chief Executive Officer
Phone: (647) 921-0501
Email:

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing for the commencement of trading and the plans and operations of the Corporation after giving effect to the Qualifying Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation 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 required by law.

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 news release.

ChaiNode Opportunities Corp. Announces TSXV Conditional Acceptance and Filing of Filing Statement for Its Qualifying Transaction

Not for Distribution to United States News Wire Services or for Dissemination in the United States.

CALGARY, AB / ACCESSWIRE / December 2, 2019 / ChaiNode Opportunities Corp. (“ChaiNode“) (TSXV:CXD.P) is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange (“TSXV“) for the closing of its proposed qualifying transaction (the “Qualifying Transaction“) with AmAuCu Mining Corporation (“AmAuCu“) and has filed its filing statement in connection with the Qualifying Transaction (the “Filing Statement“).

Further to its comprehensive news release dated August 16, 2019, ChaiNode will acquire all of the issued and outstanding securities of AmAuCu by way of a three-cornered amalgamation whereby AmAuCu will amalgamate with a wholly-owned subsidiary of ChaiNode. In connection with the Qualifying Transaction, ChaiNode will change its name to Doré Copper Mining Corp (“Doré Copper“). It is anticipated that the common shares of Doré Copper will trade under the ticker “DCMC”.

The completion of the Qualifying Transaction is subject to a number of conditions including, but not limited to, receipt of all required regulatory approvals, including final TSXV acceptance, and satisfaction of other customary closing conditions. Assuming all conditions for closing are satisfied, closing of the Qualifying Transaction is expected to occur on or about December 12, 2019, or such other date as ChaiNode and AmAuCu may determine.

In connection with the Qualifying Transaction, on November 4, 2019, AmAuCu completed its previously announced private placement of 3,861,983 subscription receipts (“Subscription Receipts“) at a price of C$1.30 per Subscription Receipt for aggregate gross proceeds of C$5,020,578 (the “AmAuCu Private Placement“). Each Subscription Receipt issued under the AmAuCu Private Placement will be automatically converted, without payment of additional consideration or any further action by the holder thereof, into one unit of AmAuCu (a “Unit“), with each Unit comprised of one common share of AmAuCu (a “Common Share“) and one half of one common share purchase warrant of AmAuCu (each whole common share purchase warrant, a “Warrant“), immediately before the completion of the Qualifying Transaction upon the satisfaction or waiver of certain escrow release conditions at or before 5:00 p.m. (Vancouver time) on December 20, 2019. Each Warrant will entitle the holder thereof to acquire one Common Share at a price of C$1.95 per Common Share at any time on or before November 4, 2021, subject to adjustment in certain events.

The AmAuCu Private Placement was carried out pursuant to the terms of an agency agreement dated November 4, 2019 among AmAuCu, ChaiNode, Canaccord Genuity Corp. and BMO Nesbitt Burns Inc. (the “Agents“).

In consideration for their services in connection with the AmAuCu Private Placement, AmAuCu is required to pay the Agents a cash commission equal to 7% of the aggregate gross proceeds from the sale of the Subscription Receipts, 50% of which commission was paid on the closing date of the AmAuCu Private Placement and the remaining 50% of which commission was deposited in escrow. As additional consideration for the services of the Agents, the Agents will be granted non-transferable broker warrants of AmAuCu (the “Broker Warrants“) equal to 7% of the aggregate number of Subscription Receipts issued. Each Broker Warrant will be exercisable to acquire one Common Share at a price of C$1.30 per Common Share at any time on or before the date which is 24 months after the date of closing of the Qualifying Transaction. A reduced cash commission is payable and a reduced number of Broker Warrants are issuable in respect of the sale of AmAuCu Subscription Receipts to purchasers identified by AmAuCu to the Agents.

It is anticipated that the net proceeds from the AmAuCu Private Placement will be used for the exploration and development of AmAuCu’s Corner Bay Project and Cedar Bay Project and general working capital following completion of the Qualifying Transaction.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

For further information regarding the Qualifying Transaction and the AmAuCu Private Placement, please see the Filing Statement, which is available under ChaiNode’s profile on SEDAR at www.sedar.com.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the terms, conditions and timing of the proposed Qualifying Transaction, the parties’ ability to satisfy closing conditions and receive necessary approvals, including final TSXV acceptance, and the use of the net proceeds from the AmAuCu Private Placement. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. ChaiNode and AmAuCu 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 required by law.

For further information, please contact:

ChaiNode Opportunities Corp.
Kenneth DeWyn
President, Chief Executive Officer and Chief Financial Officer
Phone: (403) 690-5387

AmAuCu Mining Corporation
Ernest Mast
President
Phone: (647) 921-0501

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 news release.