Titan Completes Agreement With Longtai Medical Inc. for Equity Conversion of Distributorship Deposit

TORONTO, ON—(Marketwired – August 24, 2017) – Titan Medical Inc. (TSX: TMD) (OTCQB: TITXF) (“Titan” or the “Company“), a medical device company focused on the design, development and commercialization of a robotic surgical system for application in minimally invasive surgery (“MIS“), announced today that it has completed its previously announced agreement with Longtai Medical Inc. (“Longtai“) for the equity conversion (the “Transaction“) of Longtai's US$2.0 million deposit that was previously scheduled to be refunded to Longtai.

Under the terms of the subscription agreement dated July 31, 2017 between Titan and Longtai, Titan issued to Longtai 16,892,000 units (“Units“) at an assigned issue price of CDN$0.15 per Unit. Each Unit consists of one common share (“Common Share“) and one common share purchase warrant (“Warrant“), with each Warrant exercisable for one Common Share at an exercise price of CDN$0.20 per Warrant for 60 months from the closing of the Transaction.

All securities issued pursuant to the Transaction are subject to a four–month hold period in accordance with applicable Canadian securities laws.

About Titan Medical Inc.

Titan is focused on the design and development through the planned commercialization of a robotic surgical system for use in MIS. The Company's SPORT Surgical System, currently under development, includes a surgeon–controlled robotic platform that features multi–articulating instruments for performing MIS procedures through a single incision. The surgical system also includes a workstation that provides a surgeon with an advanced ergonomic interface to the robotic platform for controlling the instruments and provides a 3D high–definition endoscopic view inside a patient's body. The SPORT Surgical System is designed to enable surgeons to perform a broad set of general abdominal, gynecologic and urologic procedures. For more information, visit the Company's website at www.titanmedicalinc.com.

Forward Looking Statements

This news release contains “forward–looking statements” which reflect the current expectations of management of the Company's future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “potential for” and similar expressions have been used to identify these forward–looking statements. These statements, including statements with respect to the use of the net proceeds of the Offering and the anticipated listing of the Common Shares on the TSX, reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward–looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward–looking statements, including, without limitation, those listed in the “Risk Factors” section of the Company's Annual Information Form dated March 31, 2017 (which may be viewed at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results, performance, or achievements may vary materially from those expressed or implied by the forward–looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward–looking statements. Although the forward–looking statements contained in the news release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward–looking statements.

Titan Completes Agreement With Longtai Medical Inc. for Equity Conversion of Distributorship Deposit

TORONTO, ON—(Marketwired – August 24, 2017) – Titan Medical Inc. (TSX: TMD) (OTCQB: TITXF) (“Titan” or the “Company“), a medical device company focused on the design, development and commercialization of a robotic surgical system for application in minimally invasive surgery (“MIS“), announced today that it has completed its previously announced agreement with Longtai Medical Inc. (“Longtai“) for the equity conversion (the “Transaction“) of Longtai's US$2.0 million deposit that was previously scheduled to be refunded to Longtai.

Under the terms of the subscription agreement dated July 31, 2017 between Titan and Longtai, Titan issued to Longtai 16,892,000 units (“Units“) at an assigned issue price of CDN$0.15 per Unit. Each Unit consists of one common share (“Common Share“) and one common share purchase warrant (“Warrant“), with each Warrant exercisable for one Common Share at an exercise price of CDN$0.20 per Warrant for 60 months from the closing of the Transaction.

All securities issued pursuant to the Transaction are subject to a four–month hold period in accordance with applicable Canadian securities laws.

About Titan Medical Inc.

Titan is focused on the design and development through the planned commercialization of a robotic surgical system for use in MIS. The Company's SPORT Surgical System, currently under development, includes a surgeon–controlled robotic platform that features multi–articulating instruments for performing MIS procedures through a single incision. The surgical system also includes a workstation that provides a surgeon with an advanced ergonomic interface to the robotic platform for controlling the instruments and provides a 3D high–definition endoscopic view inside a patient's body. The SPORT Surgical System is designed to enable surgeons to perform a broad set of general abdominal, gynecologic and urologic procedures. For more information, visit the Company's website at www.titanmedicalinc.com.

Forward Looking Statements

This news release contains “forward–looking statements” which reflect the current expectations of management of the Company's future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “potential for” and similar expressions have been used to identify these forward–looking statements. These statements, including statements with respect to the use of the net proceeds of the Offering and the anticipated listing of the Common Shares on the TSX, reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward–looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward–looking statements, including, without limitation, those listed in the “Risk Factors” section of the Company's Annual Information Form dated March 31, 2017 (which may be viewed at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results, performance, or achievements may vary materially from those expressed or implied by the forward–looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward–looking statements. Although the forward–looking statements contained in the news release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward–looking statements.

Maverix Metals Announces Increased Revenue and Operating Cash Flow for the Second Quarter 2017

VANCOUVER, BC—(Marketwired – August 24, 2017) – Maverix Metals Inc. (the “Company” or “Maverix“) (TSX VENTURE: MMX) is pleased to announce its financial results for the second quarter ended June 30, 2017.

For complete details of the Financial Statements and associated Management's Discussion and Analysis for the quarter ended June 30, 2017, please see the Company's filings on SEDAR (www.sedar.com) or the Company's website (www.maverixmetals.com).

All amounts are in Canadian dollars unless otherwise indicated.

Second Quarter 2017 Highlights

Financial and Operating:

  • Revenue of $4.0 million;
  • Operating cash flow of $2.3 million;
  • Net income of $0.2 million;
  • Attributable gold equivalent ounces sold of 2,347(1) ounces; and
  • Average cash cost per attributable gold equivalent ounce of $187(1) resulting in cash operating margins of $1,508(1) per ounce.

Strategic:

  • On April 20, 2017, Maverix acquired a 2.5% Net Smelter Return (“NSR“) royalty on the Silvertip mine located in northern British Columbia from a subsidiary of Silvercorp Metals Inc. for consideration of 3.8 million common shares. The Silvertip mine began production in the fourth quarter of 2016 and the Company received its first royalty payment from mine in second quarter of 2017.

Events Subsequent to the Quarter:

  • On August 17, 2017, the Company closed a US$20,000,000 loan facility with CEF (Capital Markets) Limited (“CEF“) as well as a private placement with CEF for 5,000,000 common shares for total proceeds of $6,750,000. In addition, Pan American Silver Corp. (“Pan American Silver“) exercised its participation rights by subscribing for 2,317,000 common shares for total proceeds of $3,127,950.
  • The Company's current cash balance is $32 million, and when combined with the undrawn portion of the new credit facility, provides total capital availability of $45 million to pursue accretive royalty or stream acquisitions.

Maverix's President & CEO, Mr. Dan O'Flaherty commented, “The second quarter of 2017 saw many of the assets on which we own royalties achieve record quarterly production. We expect continued revenue and cash flow growth from our portfolio in the second half of the year as multiple assets ramp up to full production capacity and the Moose River Consolidated project in Nova Scotia begins commissioning.” Mr. O'Flaherty continued, “With the loan facility and equity financings now completed, we have significant capital capacity to fund additional accretive acquisitions that will build the per share value of the Company.”

Second Quarter Asset Highlights

During the second quarter of 2017, attributable gold equivalent ounces sold was 2,347 ounces at an average cash cost per attributable gold equivalent ounce of $187.(1)

Operational highlights for the quarter ended June 30, 2017, based upon counterparties' reporting, are as follows:

La Colorada mine (Mexico):
La Colorada produced a record 940 ounces of gold in the second quarter, as development of the underground mine advanced ahead of plan. Pan American Silver reported that the mine achieved design throughput rates of 1,800 tonnes per day in June and is expected to operate at the expanded capacity going forward.(2)

Mt. Carlton mine (Australia):
Mt. Carlton continues to be a strong performer for the Company with the mine producing a record 28,270 ounces of payable gold for the quarter. An underground Pre–Feasibility Study confirmed positive economics for a Stage 4 pit pushback combined with an underground operation to extract the Link Zone. A Definitive Feasibility Study, which will include additional resource definition drilling, has commenced and is expected to be completed in the 2017 calendar year. In addition, Evolution Mining Limited announced guidance for its fiscal year 2018 with the mine expected to produce between 100,000 to 110,000 ounces of gold.(3)

Florida Canyon mine (Nevada):
Florida Canyon announced its first gold pour on May 1, 2017 and produced a total of 7,075 ounces of gold during the second quarter of 2017, ahead of expectations. On August 18, 2017, Rye Patch Gold Corp. announced that it had secured financing to purchase four additional Caterpillar 785C haul trucks which will enable the mine to increase its production by taking advantage of excess capacity at the crusher.(4)

Beta Hunt mine (Australia):
The second quarter of 2017 was a period of transition for the Beta Hunt mine as it continue to ramp up gold production, with RNC Minerals announcing the commencement of commercial production at the end of the quarter. Performance at the mine improved significantly during the second quarter due to strong improvement in production mining, mine development and an ongoing focus on improving grades. Mining rates improved to 1,800 tonnes per day during June — a 59% improvement versus the first quarter and gold grade mined improved by 24% during the quarter to 2.09 g/t compared to the first quarter. Total gold mined for the quarter was 8,281 ounces and RNC Minerals' most recent production guidance for Beta Hunt is 50,000 to 60,000 ounces of gold in 2017.(5)

Moose River Consolidated project (Canada):
Atlantic Gold Corp. has reported that construction at the Moose River Consolidated project remains on budget and on schedule with commissioning targeted for September 2017. Overall completion had reached 85% during August 2017.(6)

About Maverix

Maverix Metals Inc. is a gold royalty and streaming company. Maverix's primary purpose is to acquire and hold predominantly precious metals streams and royalties, and in so doing provide significant leverage to gold and silver prices for its shareholders. Maverix's mission is to increase underlying per share value by adding high–quality streams and royalties that offer robust returns to Maverix's portfolio.

(1) Maverix has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards (IFRS) including average cash cost per ounce of gold and cash operating margin. Average cash cost per ounce of gold is calculated by dividing the total cost of sales, less depletion, by the ounces sold. In the precious metals mining industry, this is a common performance measure but does not have any standardized meaning. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Cash operating margin is calculated by subtracting the average cash cost per ounce of gold from the average realized selling price per ounce of gold. The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metals mining industry who present results on a similar basis. The Company's royalty revenue is converted to an Attributable Gold Equivalent ounce basis by dividing the royalty revenue for a period by the average gold price based on the LBMA Gold Price PM Fix per ounce for the same respective period. These attributable gold equivalent ounces when combined with the gold ounces sold from the Company's gold streams (individually and collectively referred to as “Attributable Gold Equivalent”) equal total Attributable Gold Equivalent ounces sold. The Company has also used the non–IFRS measure of operating cash flows excluding changes in non–cash working capital. This measure is calculated by adding back the decrease or subtracting the increase in changes in non–cash working capital to or from cash provided by (used in) operating activities. The presentation of these non–IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non–IFRS measures differently.
(2) For more information of the La Colorada mine, please visit the Pan American Silver website at www.panamericansilver.com and refer to the press release dated August 9, 2017.
(3) For more information on the Mt Carlton mine, please visit the Evolution Mining website at www.evolutionmining.com.au and refer to the Evolution Mining Limited CAN 084 669 036 and Controlled Entities Annual Financial Report for the year ended June 30, 2017 available at https://evolutionmining.com.au/wp–content/uploads/2017/08/170817–Annual–Report–Final–Signed–30–June–2017.pdf.
(4) For more information on the Florida Canyon mine, please visit the Rye Patch Gold website at www.ryepatchgold.com and refer to the press releases dated August 18, 2017, July 10, 2017, and May 1, 2017.
(5) For more information on the Beta Hunt mine, please visit the RNC Minerals website at www.rncminerals.com and refer to the press releases dated August 10, 2017 and May 16, 2017.
(6) For more information on the Moose River Consolidated project, please visit the Atlantic Gold website at www.atlanticgoldcorporation.com and refer to the press release dated June 5, 2017. Please also refer to the corporate presentation entitled “Developing the Next Canadian Open Pit Gold Mine” dated as of August 2017 available at http://atlanticgoldcorporation.com/_resources/presentation/corporate_presentation.pdf?v=6 .

TECHNICAL AND THIRD PARTY INFORMATION

The disclosure herein and relating to properties and operations on the properties in which the Company holds royalty, stream or other interests is based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by the Company. Specifically, as a royalty or stream holder, the Company has limited, if any, access to properties included in its asset portfolio. Additionally, the Company may from time to time receive operating information from the owners and operators of the properties, which it is not permitted to disclose to the public. The Company is dependent on, (i) the operators of the properties and their qualified persons to provide information to the Company, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which the Company holds royalty, stream or other interests, and generally has limited or no ability to independently verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third party information is complete or accurate. Some information publicly reported by operators may relate to a larger property than the area covered by the Company's royalty, stream or other interest. The Company's royalty, stream or other interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

CAUTIONARY NOTE REGARDING FORWARD–LOOKING INFORMATION

This press release contains “forward–looking statements”, within the meaning of the applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of the Company. Forward–looking statements include, but are not limited to, statements with respect to the future price of gold, silver, and copper, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward–looking statements can generally be identified by the use of forward–looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology.

Forward–looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Maverix to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Maverix will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward–looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Maverix will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.

Forward–looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Maverix to be materially different from those expressed or implied by such forward–looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Maverix will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, and stock market volatility. Although Maverix has attempted to identify important factors that could cause actual results to differ materially from those contained in forward–looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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. Maverix does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.

Maverix Metals Announces Increased Revenue and Operating Cash Flow for the Second Quarter 2017

VANCOUVER, BC—(Marketwired – August 24, 2017) – Maverix Metals Inc. (the “Company” or “Maverix“) (TSX VENTURE: MMX) is pleased to announce its financial results for the second quarter ended June 30, 2017.

For complete details of the Financial Statements and associated Management's Discussion and Analysis for the quarter ended June 30, 2017, please see the Company's filings on SEDAR (www.sedar.com) or the Company's website (www.maverixmetals.com).

All amounts are in Canadian dollars unless otherwise indicated.

Second Quarter 2017 Highlights

Financial and Operating:

  • Revenue of $4.0 million;
  • Operating cash flow of $2.3 million;
  • Net income of $0.2 million;
  • Attributable gold equivalent ounces sold of 2,347(1) ounces; and
  • Average cash cost per attributable gold equivalent ounce of $187(1) resulting in cash operating margins of $1,508(1) per ounce.

Strategic:

  • On April 20, 2017, Maverix acquired a 2.5% Net Smelter Return (“NSR“) royalty on the Silvertip mine located in northern British Columbia from a subsidiary of Silvercorp Metals Inc. for consideration of 3.8 million common shares. The Silvertip mine began production in the fourth quarter of 2016 and the Company received its first royalty payment from mine in second quarter of 2017.

Events Subsequent to the Quarter:

  • On August 17, 2017, the Company closed a US$20,000,000 loan facility with CEF (Capital Markets) Limited (“CEF“) as well as a private placement with CEF for 5,000,000 common shares for total proceeds of $6,750,000. In addition, Pan American Silver Corp. (“Pan American Silver“) exercised its participation rights by subscribing for 2,317,000 common shares for total proceeds of $3,127,950.
  • The Company's current cash balance is $32 million, and when combined with the undrawn portion of the new credit facility, provides total capital availability of $45 million to pursue accretive royalty or stream acquisitions.

Maverix's President & CEO, Mr. Dan O'Flaherty commented, “The second quarter of 2017 saw many of the assets on which we own royalties achieve record quarterly production. We expect continued revenue and cash flow growth from our portfolio in the second half of the year as multiple assets ramp up to full production capacity and the Moose River Consolidated project in Nova Scotia begins commissioning.” Mr. O'Flaherty continued, “With the loan facility and equity financings now completed, we have significant capital capacity to fund additional accretive acquisitions that will build the per share value of the Company.”

Second Quarter Asset Highlights

During the second quarter of 2017, attributable gold equivalent ounces sold was 2,347 ounces at an average cash cost per attributable gold equivalent ounce of $187.(1)

Operational highlights for the quarter ended June 30, 2017, based upon counterparties' reporting, are as follows:

La Colorada mine (Mexico):
La Colorada produced a record 940 ounces of gold in the second quarter, as development of the underground mine advanced ahead of plan. Pan American Silver reported that the mine achieved design throughput rates of 1,800 tonnes per day in June and is expected to operate at the expanded capacity going forward.(2)

Mt. Carlton mine (Australia):
Mt. Carlton continues to be a strong performer for the Company with the mine producing a record 28,270 ounces of payable gold for the quarter. An underground Pre–Feasibility Study confirmed positive economics for a Stage 4 pit pushback combined with an underground operation to extract the Link Zone. A Definitive Feasibility Study, which will include additional resource definition drilling, has commenced and is expected to be completed in the 2017 calendar year. In addition, Evolution Mining Limited announced guidance for its fiscal year 2018 with the mine expected to produce between 100,000 to 110,000 ounces of gold.(3)

Florida Canyon mine (Nevada):
Florida Canyon announced its first gold pour on May 1, 2017 and produced a total of 7,075 ounces of gold during the second quarter of 2017, ahead of expectations. On August 18, 2017, Rye Patch Gold Corp. announced that it had secured financing to purchase four additional Caterpillar 785C haul trucks which will enable the mine to increase its production by taking advantage of excess capacity at the crusher.(4)

Beta Hunt mine (Australia):
The second quarter of 2017 was a period of transition for the Beta Hunt mine as it continue to ramp up gold production, with RNC Minerals announcing the commencement of commercial production at the end of the quarter. Performance at the mine improved significantly during the second quarter due to strong improvement in production mining, mine development and an ongoing focus on improving grades. Mining rates improved to 1,800 tonnes per day during June — a 59% improvement versus the first quarter and gold grade mined improved by 24% during the quarter to 2.09 g/t compared to the first quarter. Total gold mined for the quarter was 8,281 ounces and RNC Minerals' most recent production guidance for Beta Hunt is 50,000 to 60,000 ounces of gold in 2017.(5)

Moose River Consolidated project (Canada):
Atlantic Gold Corp. has reported that construction at the Moose River Consolidated project remains on budget and on schedule with commissioning targeted for September 2017. Overall completion had reached 85% during August 2017.(6)

About Maverix

Maverix Metals Inc. is a gold royalty and streaming company. Maverix's primary purpose is to acquire and hold predominantly precious metals streams and royalties, and in so doing provide significant leverage to gold and silver prices for its shareholders. Maverix's mission is to increase underlying per share value by adding high–quality streams and royalties that offer robust returns to Maverix's portfolio.

(1) Maverix has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards (IFRS) including average cash cost per ounce of gold and cash operating margin. Average cash cost per ounce of gold is calculated by dividing the total cost of sales, less depletion, by the ounces sold. In the precious metals mining industry, this is a common performance measure but does not have any standardized meaning. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Cash operating margin is calculated by subtracting the average cash cost per ounce of gold from the average realized selling price per ounce of gold. The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metals mining industry who present results on a similar basis. The Company's royalty revenue is converted to an Attributable Gold Equivalent ounce basis by dividing the royalty revenue for a period by the average gold price based on the LBMA Gold Price PM Fix per ounce for the same respective period. These attributable gold equivalent ounces when combined with the gold ounces sold from the Company's gold streams (individually and collectively referred to as “Attributable Gold Equivalent”) equal total Attributable Gold Equivalent ounces sold. The Company has also used the non–IFRS measure of operating cash flows excluding changes in non–cash working capital. This measure is calculated by adding back the decrease or subtracting the increase in changes in non–cash working capital to or from cash provided by (used in) operating activities. The presentation of these non–IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non–IFRS measures differently.
(2) For more information of the La Colorada mine, please visit the Pan American Silver website at www.panamericansilver.com and refer to the press release dated August 9, 2017.
(3) For more information on the Mt Carlton mine, please visit the Evolution Mining website at www.evolutionmining.com.au and refer to the Evolution Mining Limited CAN 084 669 036 and Controlled Entities Annual Financial Report for the year ended June 30, 2017 available at https://evolutionmining.com.au/wp–content/uploads/2017/08/170817–Annual–Report–Final–Signed–30–June–2017.pdf.
(4) For more information on the Florida Canyon mine, please visit the Rye Patch Gold website at www.ryepatchgold.com and refer to the press releases dated August 18, 2017, July 10, 2017, and May 1, 2017.
(5) For more information on the Beta Hunt mine, please visit the RNC Minerals website at www.rncminerals.com and refer to the press releases dated August 10, 2017 and May 16, 2017.
(6) For more information on the Moose River Consolidated project, please visit the Atlantic Gold website at www.atlanticgoldcorporation.com and refer to the press release dated June 5, 2017. Please also refer to the corporate presentation entitled “Developing the Next Canadian Open Pit Gold Mine” dated as of August 2017 available at http://atlanticgoldcorporation.com/_resources/presentation/corporate_presentation.pdf?v=6 .

TECHNICAL AND THIRD PARTY INFORMATION

The disclosure herein and relating to properties and operations on the properties in which the Company holds royalty, stream or other interests is based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by the Company. Specifically, as a royalty or stream holder, the Company has limited, if any, access to properties included in its asset portfolio. Additionally, the Company may from time to time receive operating information from the owners and operators of the properties, which it is not permitted to disclose to the public. The Company is dependent on, (i) the operators of the properties and their qualified persons to provide information to the Company, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which the Company holds royalty, stream or other interests, and generally has limited or no ability to independently verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third party information is complete or accurate. Some information publicly reported by operators may relate to a larger property than the area covered by the Company's royalty, stream or other interest. The Company's royalty, stream or other interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

CAUTIONARY NOTE REGARDING FORWARD–LOOKING INFORMATION

This press release contains “forward–looking statements”, within the meaning of the applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of the Company. Forward–looking statements include, but are not limited to, statements with respect to the future price of gold, silver, and copper, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward–looking statements can generally be identified by the use of forward–looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology.

Forward–looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Maverix to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Maverix will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward–looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Maverix will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.

Forward–looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Maverix to be materially different from those expressed or implied by such forward–looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Maverix will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, and stock market volatility. Although Maverix has attempted to identify important factors that could cause actual results to differ materially from those contained in forward–looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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. Maverix does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.

Golden Dawn Minerals Inc. Announces Private Placement

VANCOUVER, BC—(Marketwired – August 24, 2017) – Golden Dawn Minerals Inc., (TSX VENTURE: GOM) (FRANKFURT: 3G8A) (OTC PINK: GDMRF) (the “Company” or “Golden Dawn“) announces that the Company intends to raise up to $500,000 through the issuance of up to 2,000,000 non–flow through units and $1,000,000 through the issuance of up to 3,508,771 flow–through units by way of a non–brokered private placement (the “Offering“) of non–flow through units (“NFT Units“) at a price of $0.25 per NFT Unit and flow through units (“FT Units“) at a price of $0.285 per FT Unit. Each NFT Unit or FT Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.30 for a period of 24 months. The Offering is subject to TSX Venture Exchange (“TSXV“) acceptance.

The securities issued in connection with the offering will be subject to a hold period expiring four months and one day from the date of issuance of such securities. A finder's fee of cash, common shares or broker warrants, or a combination thereof, may be paid to eligible finders with respect to any portion of the Offering.

The proceeds of the offering will be utilized for exploration, dewatering of the company's Lexington Mine and general working capital.

The Company also announces that it has retained Renmark Financial Communications Inc. to provide investor relations services for a fee of $5,000 per month for a period of six months beginning September 1, 2017, with an option to continue monthly thereafter. The Company has also entered into an investor relations agreement with Zimtu Capital Corp. for a fee of $12,500 per month for a period of twelve months beginning September 1, 2017. Renmark Financial Communications Inc. has no interest, directly or indirectly, in Golden Dawn or its securities, or any right or intent to acquire such an interest. Zimtu Capital Corp. currently holds 392,941 common shares of the Company and may acquire further securities.

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

Millrock and Sojourn Close Transaction on Two Golden Triangle Projects, British Columbia, Canada

VANCOUVER, BC—(Marketwired – August 24, 2017) – Millrock Resources Inc. (TSX VENTURE: MRO) (OTCQX: MLRKF) (“Millrock”) is pleased to announce that the transaction previously announced here on June 14, 2017, has closed. Under two separate agreements, Millrock has granted an option to purchase a 100% interest (subject to a royalty provision) in the Willoughby and Oweegee Dome projects to Sojourn Exploration Inc., (TSX VENTURE: SOJ) (“Sojourn”), previously Sojourn Ventures Inc. The two projects are located in the Golden Triangle mining district, northeast of the Town of Stewart, British Columbia, Canada.

Under the terms of the agreements, Sojourn must make share issuances and incur exploration expenditures over three years in order to exercise the options and take ownership of the properties from Millrock. Millrock has already received the first payment of 1,800,000 Sojourn shares. The transaction also required that Sojourn complete an equity financing of at least $1.0 million. As announced by Sojourn today, the oversubscribed equity financing has been completed and the TSX Venture Exchange has accepted all components of the transaction. Millrock now owns 12.6% of the issued and outstanding Sojourn shares.

Attributes of the Willoughby high–grade gold–silver project are described by Millrock in a press release found here. Exploration progress made by Millrock on the Oweegee Dome porphyry copper–gold project is described in this press release. Summary descriptions of all Millrock's Golden Triangle district projects can be found at this link. Millrock will be the exploration operator for the 2017 program that is presently being initiated.

The technical information within this document has been reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43–101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages and operates large–scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, British Columbia, the southwest USA and Sonora State, Mexico. Funding for drilling at Millrock's exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

Some statements in this news release contain forward–looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

“NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.”

Niko Provides Corporate Update

CALGARY, AB—(Marketwired – August 24, 2017) – Niko Resources Ltd. (“Niko” or the “Company”) (TSX: NKO) provides the following update:

As previously disclosed, in May 2016, a writ petition was filed before the Supreme Court of Bangladesh, High Court Division (the “Court”) in Dhaka by a citizen of Bangladesh (the “Petitioner”) against (i) the Government of Bangladesh (the “GOB”), (ii) Bangladesh Oil, Gas and Mineral Corporation (“Petrobangla”), (iii) Bangladesh Petroleum Exploration & Production Company Limited (“Bapex”), (iv) Niko Resources (Bangladesh) Ltd. (“NRBL”), the Company's indirect subsidiary, and (v) Niko. The writ petition relates to the Feni Gas Purchase and Sales Agreement (the “Feni GPSA”) between Petrobangla and NRBL for the Feni gas field and the Joint Venture Agreement (the “JVA”) between Bapex and NRBL for the Feni and Chattak fields in Bangladesh, which agreements are currently the subject of previously disclosed arbitration disputes to be decided upon by a tribunal panel constituted under the rules of the International Centre for Settlement of Investment Disputes (“ICSID”).

In the Court today, the presiding judge announced its decision in favor of the Petitioner and declared:

  • the Feni GSPA and the JVA to be without legal authority and of no legal effect; and
  • the assets of NRBL and Niko, including its shareholding in the indirect subsidiary that holds a 60 per cent interest in the Block 9 production sharing contract (“Block 9 PSC”), are seized to provide adequate compensation for the blowouts that occurred in 2005 in the Chattak field in Bangladesh.

An application has been filed to receive the full written judgement of the Court.

Niko believes that ICSID has exclusive jurisdiction to decide all disputes relating to the Feni GPSA and the JVA and the Block 9 PSC provides for ICSID arbitration as the default dispute resolution mechanism to decide disputes relating to the Block 9 PSC. Niko will vigorously pursue its rights in this matter.

For further information, please visit the Company's website at www.nikoresources.com.

Forward–Looking Information

Certain statements in this press release constitute forward–looking information. Specifically, this press release contains forward looking information relating to the Company's view of ICSID's jurisdiction in respect of disputes concerning the Feni GPSA, the JVA and Block 9 PSC and the Company's plans to pursue its rights in this matter. Such forward–looking information is based on a number of risks, uncertainties and assumptions, which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. There can be no assurances that the Company will be able to successfully pursue its rights in respect of the writ petition. Undue reliance should not be placed on forward–looking information. Such forward–looking information reflects the Company's current beliefs and assumptions and is based on information currently available to the Company. This forward–looking information is based on certain key expectations and assumptions, many of which are not within the control of the Company. The reader is cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors and such variations may be material. Such risk factors include, but are not limited to, the risks discussed under the heading “Risk Factors” in the Company's Annual Information Form for the year ended March 31, 2017 and in the Company's public disclosure documents, and other factors, many of which are beyond the Company's control. Niko makes no representation that the actual results achieved during the forecast period will be the same in whole or in part as those forecast.

The forward–looking information included in this press release is expressly qualified in its entirety by this cautionary statement. The forward–looking information included herein is made as of the date of this press release and Niko assumes no obligation to update or revise any forward looking information to reflect new events or circumstances, except as required by law.

Niko Provides Corporate Update

CALGARY, AB—(Marketwired – August 24, 2017) – Niko Resources Ltd. (“Niko” or the “Company”) (TSX: NKO) provides the following update:

As previously disclosed, in May 2016, a writ petition was filed before the Supreme Court of Bangladesh, High Court Division (the “Court”) in Dhaka by a citizen of Bangladesh (the “Petitioner”) against (i) the Government of Bangladesh (the “GOB”), (ii) Bangladesh Oil, Gas and Mineral Corporation (“Petrobangla”), (iii) Bangladesh Petroleum Exploration & Production Company Limited (“Bapex”), (iv) Niko Resources (Bangladesh) Ltd. (“NRBL”), the Company's indirect subsidiary, and (v) Niko. The writ petition relates to the Feni Gas Purchase and Sales Agreement (the “Feni GPSA”) between Petrobangla and NRBL for the Feni gas field and the Joint Venture Agreement (the “JVA”) between Bapex and NRBL for the Feni and Chattak fields in Bangladesh, which agreements are currently the subject of previously disclosed arbitration disputes to be decided upon by a tribunal panel constituted under the rules of the International Centre for Settlement of Investment Disputes (“ICSID”).

In the Court today, the presiding judge announced its decision in favor of the Petitioner and declared:

  • the Feni GSPA and the JVA to be without legal authority and of no legal effect; and
  • the assets of NRBL and Niko, including its shareholding in the indirect subsidiary that holds a 60 per cent interest in the Block 9 production sharing contract (“Block 9 PSC”), are seized to provide adequate compensation for the blowouts that occurred in 2005 in the Chattak field in Bangladesh.

An application has been filed to receive the full written judgement of the Court.

Niko believes that ICSID has exclusive jurisdiction to decide all disputes relating to the Feni GPSA and the JVA and the Block 9 PSC provides for ICSID arbitration as the default dispute resolution mechanism to decide disputes relating to the Block 9 PSC. Niko will vigorously pursue its rights in this matter.

For further information, please visit the Company's website at www.nikoresources.com.

Forward–Looking Information

Certain statements in this press release constitute forward–looking information. Specifically, this press release contains forward looking information relating to the Company's view of ICSID's jurisdiction in respect of disputes concerning the Feni GPSA, the JVA and Block 9 PSC and the Company's plans to pursue its rights in this matter. Such forward–looking information is based on a number of risks, uncertainties and assumptions, which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. There can be no assurances that the Company will be able to successfully pursue its rights in respect of the writ petition. Undue reliance should not be placed on forward–looking information. Such forward–looking information reflects the Company's current beliefs and assumptions and is based on information currently available to the Company. This forward–looking information is based on certain key expectations and assumptions, many of which are not within the control of the Company. The reader is cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors and such variations may be material. Such risk factors include, but are not limited to, the risks discussed under the heading “Risk Factors” in the Company's Annual Information Form for the year ended March 31, 2017 and in the Company's public disclosure documents, and other factors, many of which are beyond the Company's control. Niko makes no representation that the actual results achieved during the forecast period will be the same in whole or in part as those forecast.

The forward–looking information included in this press release is expressly qualified in its entirety by this cautionary statement. The forward–looking information included herein is made as of the date of this press release and Niko assumes no obligation to update or revise any forward looking information to reflect new events or circumstances, except as required by law.

Millrock Resources: Early Warning News Release

VANCOUVER, BC—(Marketwired – August 24, 2017) – Millrock Resources Inc. (TSX VENTURE: MRO) (OTCQX: MLRKF) (the “Shareholder“) issues this early warning news release in respect of its security holdings of Sojourn Exploration Inc. (TSX VENTURE: SOJ) (the “Issuer“).

On August 24, 2017, the Issuer delivered 1,800,000 common shares (the “Initial Sojourn Shares“) to the Shareholder under option agreements dated June 9, 2017, made between the Issuer and the Shareholder (the “Option Agreements“), pursuant to which the Issuer has the right to earn a 100% interest in the Shareholder's Oweegee and Willoughby properties, each located in the “Golden Triangle” east and northeast of the town of Stewart, British Columbia. The Initial Sojourn Shares represent the first tranche of common shares of the Issuer issuable under the Option Agreements.

As a result of the issuance of the Initial Sojourn Shares, the Shareholder holds a total of 1,800,000 common shares of the Issuer as at the close of business on August 24, 2017, representing 12.6% of the current issued and outstanding shares of the Issuer, based on information provided by the Issuer as to its issued and outstanding share capital.

The Shareholder did not act jointly with any other party in acquiring the Initial Sojourn Shares.

Additional common shares of the Issuer will be issuable to the Shareholder if the Issuer chooses to maintain the Option Agreements in good standing. The Initial Sojourn Shares are subject to a four month hold period; thereafter, the Shareholder may sell some or all of the Initial Sojourn Shares but has no present intention to do so.

This news release is being disseminated pursuant to National Instrument 62–103 — The Early Warning System and Related Take–Over Bid and Insider Reporting Issues (“NI 62–103“). A copy of the report to be filed with Canadian securities regulators in connection with the acquisition of these securities can be obtained upon its filing under the Issuer's profile on the SEDAR website (www.SEDAR.com) or by contacting the Shareholder at (604) 638–3164.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages and operates large–scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, British Columbia, the southwest USA and Sonora State, Mexico. Funding for drilling at Millrock's exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

Some statements in this news release contain forward–looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

“NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.”