Spearmint to acquire WHY West, Buddy assets in B.C.

Oct 6, 2017

2017-10-06 06:37 ET – News Release

Mr. James Nelson reports

SPEARMINT TO ACQUIRE THE WHY WEST MAGNESIUM PROJECT NEAR ROSSLAND, BC AND THE BUDDY CLAIMS IN THE GOLDEN TRIANGLE OF BC

Spearmint Resources Inc. has entered into an agreement to acquire 100 per cent of the WHY West magnesium project near Rossland, B.C., and the Buddy claims in the Golden Triangle of British Columbia.

The WHY West magnesium prospect directly borders West High Yield Resources’ properties near Rossland, B.C. Yesterday West High Yield Resources announced, “West High Yield Resources Ltd. has signed a definitive arm’s-length purchase and sale agreement to sell 100 per cent of its right, title and interest in its Record Ridge South, Midnight and O.K. mineral properties to Gryphon Enterprises LLC, a company based in Maryland, United States, for a purchase price of $750-million (U.S.).” This prospect consists of approximately 1,500 contiguous acres.

The Buddy claims directly border the EL North claims currently held by Spearmint. These claims are directly bordering Garibaldi Resources Corp. in the Golden Triangle of B.C. This prospect consists of approximately 4,400 contiguous acres.

James Nelson, president of Spearmint, stated: “Adding these two new projects shows the commitment SRJ management has to growing the company. The WHY West prospect directly borders the West High Yield Resources property and they just announced a massive proposed sale of $750-million (U.S.) and the Buddy claims significantly adds to our acreage bordering Garibaldi. Both of these areas may constitute a key building block of Spearmint going forward. We look forward to getting on the properties shortly.”

About Spearmint Resources Inc.

Spearmint Resources is a Canadian junior resource exploration company dedicated to the aggressive pursuit of world-class mineral deposits. Spearmint’s current projects include three areas of focus on gold in British Columbia: the Golden Triangle gold prospects, comprising four separate claim blocks totalling 4,095 acres bordering GT Gold Corp.; the Gold Mountain prospects, comprising three separate claim blocks totalling 1,245 acres bordering Barkerville Gold Mines; and the 3,052-acre NEBA copper-gold prospect, bordering Aben Resources Ltd. Spearmint’s 1,975- and 2,107-acre EL North and EL North 2 nickel-copper prospects in the Eskay Creek camp border Garibaldi Resources Corp. Spearmint’s Chibougamau vanadium prospects, comprising five separate claim blocks totalling 9,735 acres, border the vanadium deposit of BlackRock Metal’s Ilmenite vanadium project, Vanadiumcorp Resource Inc. and Vanadium One Energy Corp.

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