Maple Gold updates Douay Resource Estimate containing more ounces

Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G – http://www.commodity-tv.net/… ) is pleased to announce an updated Mineral Resource Estimate (the “updated estimate”) for the Company’s Douay Gold Project (“Douay”), as prepared by Micon International Limited (“Micon”). The updated estimate includes additional drilling and assays from work completed during 2017 (see press release January 25, 2018), with updated block model wireframes, modified search ellipses and modified geologic interpretations, all of which targeted a more refined and constrained model.

The updated estimate successfully converts a significant proportion of Inferred Resources to the Indicated Resource category, which were absent from the 2017 Micon estimate. Mineral Resources at Douay are now estimated as 9,383,000 tonnes grading 1.59 g/t Au (0.48 million ounces) in the Indicated category, plus 84,152,000 tonnes grading 1.02 g/t Au (2.76 million ounces) in the Inferred category, using a 0.45 g/t cut-off grade (updated base-case) as highlighted below:
Table 1: Douay Gold Project Pit-Constrained Indicated & Inferred Resource Summary (Base-case)
CUT-OFF GRADE
(G/T AU) CATEGORY TONNES GOLD GRADE
(G/T) CONTAINED GOLD
(OUNCES)
0.45 INDICATED 9,383,000 1.59 479,000
INFERRED 84,152,000 1.02 2,759,000
*See Table 2 for additional cut-off grades & see disclosure notes appended to this press release

At a 0.5 g/t Au cut-off (same as Micon 2017), the updated 2018 estimate shows increased average grade of Inferred Resources (1.09 versus 1.05 g/t Au), increased level of confidence (addition of 467,000 contained ounces in the Indicated category) and increased contained ounces compared to the previous estimate (see Table 2 below). However, using a 0.45 g/t cut-off grade is currently believed to be the most optimal for currently contemplated conceptual pit-scenarios, and therefore has been selected as the base-case for the updated estimate. The Company will continue examining different scenarios as part of the ongoing evaluation process as new data is added and geological and economic models are updated.

Indicated Resources are present in the more closely drilled Douay West Zone (3,693,000 tonnes at 2.47 g/t Au, 294,000 ounces), and there are also four such areas within the Porphyry Zone (5,690,000 tonnes at 1.01 g/t Au, 185,000 ounces). The Indicated and Inferred Resources at various cut-off grades are summarized below in Table 2 below.

Maple Gold’s President & CEO, Matthew Hornor, stated: “We are pleased to enter the winter drilling season with an updated resource base that improves on the previous estimate in multiple ways, including a material increase in the number of contained ounces and upgrading a portion of the previously reported inferred resource to indicated resources of more than 450,000 ounces. We expect additional drill rigs to arrive at site very shortly and look forward to testing further infill, step-out and new discovery targets this winter.”
Table 2: Douay Gold Project Pit-Constrained Indicated & Inferred Resource Summary (Various Cut-Off Grades)
CUT-OFF GRADE
(G/T AU) CATEGORY TONNES GOLD GRADE
(G/T) CONTAINED GOLD
(OUNCES)
0.50* INDICATED 8,615,000 1.69 467,000
INFERRED 74,286,000 1.09 2,610,000
0.45** INDICATED 9,383,000 1.59 479,000
INFERRED 84,152,000 1.02 2,759,000
0.40 INDICATED 10,162,000 1.50 489,000
INFERRED 95,388,000 0.95 2,914,000
0.30 INDICATED 12,046,000 1.32 510,000
INFERRED 124,278,000 0.81 3,235,000
*For Comparison purposes: Micon 2017 estimate was all Inferred Resources of 83,327,000 tonnes grading 1.05 g/t Au for 2,813,000 contained ounces, using a 0.50 g/t cut-off grade. **Base-case. See disclosure notes appended to this press release.

The modelling changes, additional drilling and assay data, and updated interpretations have variably impacted contained ounces at each of the zones at Douay. A number of the zones appear to be merging into a larger unified system and a portion of the Company’s current and future drilling campaigns will continue to test targets that support this thesis. Figure 1 highlights the updated resource areas and conceptual pit shells.

Figure 1: Plan view of Micon 2018 Resource Areas
For comparison purposes, click here to view the conceptual pit-constrained plan view used in the Micon 2017 resource estimate.
Further information about assumptions, parameters, methods and risks in respect of the updated estimate will be available in a NI 43-101 technical report filed by Maple Gold on Sedar within 45 days following the date of this press release.
Notes:

1. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Micon does not believe that mineral resources estimate is materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
2. The quantity and grade reported includes both indicated and inferred resources for the Douay West and Porphyry zones and inferred resources for the remaining zones in the deposit. The inferred resources in this estimation are conceptual in nature and there has been insufficient exploration data to define these resources as an indicated category and it is uncertain if further exploration will result in upgrading them to an Indicated mineral resource category. There are no measured resources currently for the mineral zones comprising the Douay Project.
3. The mineral resource estimate has been prepared without reference to surface rights or the presence of overlying public infrastructure.
4. Figures may not total due to rounding.
5. A gold price of US $1,400 per ounce was used for the purposes of demonstrating economics.
6. The mineralized envelopes were re-modelled in GEMS at 0.3 g/t Au cut-off assuming an anastomosing style of mineralization with some inclusion of lower grade material for modelling purposes.
7. Although the Douay West, Porphyry Zones were able to produce supporting variograms, all zones within the entire deposit were estimated using Inverse Distance Cubed.
8. Search ellipses range from 50 m to 300 m using 3 passes to fill the model. The search ellipses were also optimized to reflect the anastomosing nature and different directions and dips within the mineralized zones.
9. Block size of 10 m x 2 m x 5 m was used.
10. The effective date of the mineral resource estimate is February 9, 2018.

Qualified Persons
The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc., P. Geo., Vice-President Exploration, of Maple Gold Mines. The technical contents of this press release have also been reviewed and approved by Mr. William Lewis, B.Sc., P. Geo., of Micon, who is independent of Maple Gold and who is responsible for the Updated Pit-Constrained Mineral Resource Estimate. Both individuals are Qualified Persons under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Micon International Limited
Micon International Limited (Micon), mineral industry consultants, is an independent firm of senior geological, mining, metallurgical and environmental consultants. The firm operates from integrated offices in Toronto and Vancouver, Canada and Norwich and Cornwall, United Kingdom. The professionals of Micon have extensive experience in the mining industry with both mining companies and leading consultancy firms.

About Maple Gold

Maple Gold is a well-funded gold exploration company focused on advancing a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s 370 km² Douay Gold Project is located along the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project has an established gold resource that remains open in multiple directions, with excellent infrastructure and several large scale operating mines within this prolific mining district. Maple Gold has a significant drill campaign under way to expand on the known Resource Areas and test new discovery targets within the Company’s 55 km of strike along the Casa Berardi Deformation Zone. For more information, please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Matthew Hornor”

B. Matthew Hornor, President & CEO

For Further Information, Please Contact:

Mr. Joness Lang
VP, Corporate Development
Office: +1 416.306.8124
Email: jlang@maplegoldmines.com

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

Forward Looking Statements:
This news release contains “forward-looking information" and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to the mineral resource estimate, including statements regarding contained ounces, optimal cut-off grade and average gold grade, as well as statements regarding upcoming exploration programs. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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Goldmining issues letter to shareholders and reports on company plans for 2018

GoldMining Inc. (the "Company" or "GoldMining") (TSX-V: GOLD; OTCQX: GLDLF – https://www.youtube.com/…) today issued a Letter to Shareholders regarding the Company’s plans and outlook for 2018. The full report from the Company’s Chairman, Amir Adnani, follows.

Dear Shareholder,
First, I want to thank you for your ongoing support of our efforts over the last 12-months, which led to a significant expansion of our project portfolio. With three acquisitions of gold and gold-copper resource stage projects in 2017 – the La Mina Gold-Copper Project ("La Mina") in Colombia, the Yellowknife Gold Project ("YGP") in Canada and the Crucero Gold Project ("Crucero") in Peru – it was a very busy and exciting year for our Company.

Since our first acquisition in 2012, our efforts to consolidate assets have now placed us in the top tier of junior mining companies with respect to the amount of global gold resources. GoldMining’s global resources have grown to 9.5 million ounces gold (12.4 million ounces gold equivalent) in the measured and indicated categories and 11.7 million ounces gold (14.2 million ounces gold equivalent) in the inferred category. The table at the end of this letter provides additional details on our resources, including grades, gold-equivalents and tonnages for each of our projects.

With no debt, strong treasury and disciplined cost structure, we are ideally positioned for value realization, with the flexibility to aggressively advance our existing projects with resource expansion and development activities in the event the price of gold makes a clear breakout in 2018.

For now, despite the gold price showing signs of improvement – from US$1,158/ounce at the start of 2017 to over US$1,300 today – we continue to identify and actively assess numerous opportunities for accretive acquisitions.

In 2018, we plan to continue creating value for shareholders and believe we have the means, assets and opportunities to do so.

Building a large and diversified resource base in the Americas Expansion in Colombia

With the acquisition of the La Mina and Titiribi Gold-Copper Project ("Titiribi") in Colombia, we have consolidated a significant land package with gold-copper resources and multiple drill-targets for future exploration. La Mina and Titiribi are only 6 kilometres apart, are situated within the Mid Cauca Belt, one of the most prospective and under-explored gold belts in the world. In addition to the already defined gold and copper resource at La Mina, the project hosts several under-explored porphyry targets that we believe offer excellent opportunities for new discoveries in a region with excellent infrastructure.

Targets such as La Garrucha, that saw some of the longest and highest-grade gold and copper intersections before drilling was suspended in 2013 due to lack of funding by the previous owner, will be evaluated to determine the amount of additional drilling required to complete a maiden resource estimate. Several other geophysical and geochemical anomalies are untested by drilling, but clearly there is good potential to identify additional areas of gold-copper mineralization on the property.
Entry into Canada and Peru

Canadaꞌs Northwest Territories is an exciting and under-explored region of Canada with geopolitical stability. With two acquisitions in this region, we’ve consolidated over 11,000 hectares that comprise the Yellowknife Gold Project ("YGP"). The YGP is an advanced-stage gold project covering over 30 kilometres of the Yellowknife Greenstone Belt, which historically produced more than 15 million ounces of gold from the Con, Giant and Discovery Mines. The Discovery Mine, located on the YGP land package, historically produced over 1 million ounces of gold from high-grade ore from 1950 to 1969. Historic production is not necessarily indicative of potential future results and is referenced for information purposes only.

The YGP has been the focus of extensive historical work including drilling (231,609 metres in 1,061 holes), underground development at two deposits (2,400 metres), bulk sampling, and metallurgical test work. The potential to expand the existing resource base and identify new areas of gold mineralization is considered high by our technical team.

Our focus in 2018 will be to compile and review the existing extensive database to gain a better understanding of the potential of the Yellowknife Greenstone Belt covered by our project. An independent engineering group will be engaged to complete a technical report, including the completion of resource estimates, for several of the deposits that have been identified on the project.

We started 2018 by announcing our latest resource estimate on the Crucero Gold Project ("Crucero") in southeastern Peru, which we acquired in late 2017. Crucero is situated in a favourable mining jurisdiction with a pit-constrained resource and several nearby exploration targets. Our geologists are excited about the potential to expand the existing near surface gold mineralization at the A1 deposit and test several of the nearby targets.

Technical Team to Support Growing Portfolio

GoldMining’s technical team was strengthened with appointments of Dr. Ross Sherlock, Dr. Paul Zweng and Mr. Curtis Clark to its Technical Advisory Board. Collectively, they bring decades of exploration, development, production and financial experience to provide insight and guidance towards GoldMining’s portfolio of resource-stage projects and to help identify new opportunities for potential acquisition.

With an expanding portfolio in new jurisdictions, we will continue to consider additional key personnel to provide necessary in-country expertise to manage the technical, stakeholder, environmental, and permitting programs in order to keep our properties in good standing with local communities and government agencies.

Analyst Coverage
GoldMining is covered by several mining analysts, including Rodman & Renshaw (a unit of H.C. Wainwright & Co.), Roth Capital Partners and Cantor Fitzgerald. It is our intention to attend a number of investor conferences in 2018 and look forward to meeting current shareholders during these opportunities.

Thank you again for your ongoing support. We welcome your additional participation in the Company. Please call us at 1-855-630-1001, or email info@goldmining.com with any comments. Visit www.goldmining.com or follow us on Twitter @GoldMiningInc to learn more about the Company and to register for upcoming news. We look forward to sharing further developments with shareholders through another exciting year in 2018.

About GoldMining Inc.
GoldMining is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru. Additionally, GoldMining owns a 75% interest in the Rea Uranium Project, located in the Western Athabasca Basin of Alberta, Canada.

Qualified Person
Paulo Pereira, President of GoldMining Inc. has reviewed and approved the technical information contained in this news release. Mr. Pereira holds a Bachelors degree in Geology from Universidade do Amazonas in Brazil, is a Qualified Person as defined in National Instrument 43-101 and is a member of the Association of Professional Geoscientists of Ontario.
For additional information, please contact:
GoldMining Inc.
Amir Adnani, Chairman
Garnet Dawson, CEO
Telephone: (855) 630-1001
Email: info@goldmining.com

Forward-looking Statements
This document contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its business and future events, including expectations and future plans respecting the Company, future work programs and the exploration potential of its projects. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates, including that GoldMining will confirm historical exploration results and historical resource estimates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with GoldMiningꞌs expectations, accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Project, and that GoldMining may not be able to confirm historical exploration results for its projects. These risks, as well as others, including those set forth in GoldMiningꞌs filings with Canadian securities regulators, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. GoldMining does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

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First Cobalt Intersects High Grade Cobalt at Bellellen

First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company” – https://www.youtube.com/…) today announced positive drill results from the historic Bellellen mine in the Cobalt Camp, Ontario. These early results confirm the presence of high grade cobalt and nickel along the known Bellellen vein system south of the historic mine workings.
Highlights
• 2.0 metres of 0.78% Co and 0.83% Ni, including 1.1 metres of 1.35% Co and 1.47% Ni along the Bellellen Vein system that extends for approximately 300 metres of strike length
• Several calcite veins and disseminated zones of mineralization have been intersected
• Assays pending for additional 12 holes drilled as part of the 1,100m program at Bellellen
• Further support to the thesis of metal zoning of cobalt-nickel rich versus silver rich areas within a single hydrothermal system; a relationship seen elsewhere in the Camp

Trent Mell, President & Chief Executive Officer, commented:
“First assays from Bellellen drilling confirm the grades found in muckpile material sampled in 2017 and support our view that we now have a third area of interest in the Cobalt Camp. The Bellellen structure has adequate strike length to remain a priority target. Our 2018 drill strategy is to test several new target areas to confirm the cobalt grades of known systems throughout the Camp and then focus on those of sufficient size to support large tonnage operations.”

Drilling at Bellellen began in January 2018 with 13 holes completed for over 1,100 metres. The program was intended to confirm the presence of cobalt-nickel mineralization away from historic mining and to identify the distribution of both vein-style and disseminated-style mineralization previously sampled from underground material.

Drill holes targeted the north-south trending Bellellen Vein and the northeast trending Frontier 2 Vein (Figure 1). In places, two holes were collared at the same location with different dip orientation to determine the direction of the veins.

Assays have been received from hole FCC-18-0007, returning 2.0m of 0.78% Co and 0.83% Ni, including 1.1m of 1.35% Co and 1.47% Ni. The mineralized intercept was about 20m from surface in a zone containing several veins (Figure 2). The highest grade of 2.40% Co over 0.3m represents visible cobalt minerals that also likely contain nickel. Anomalous cobalt (>0.05%) occurs within wallrocks on the margins of the high grade zone without visible veining. Fine disseminated cobalt minerals are likely present. Silver is relatively low suggesting the Bellellen area may represent a cobalt-nickel rich zonation in proximity to the silver-rich vein system at Keeley-Frontier.

Table 1. Summary of assay results from hole FCC-18-0007
From To Width Co Ag Ni
Sample ID – m – m – m – % – g/t – %
E6607467 – 26.2 – 26.5 – 0.3 – 0.05 – 2 – 0.03
E6607468 – 26.5 – 26.8 – 0.3 – 0.73 – 1 – 1.26
E6607469 – 26.8 – 27.3 – 0.5 – 1.11 – 3 – 1.78
E6607470 – 27.3 – 27.6 – 0.3 – 2.40 – 2 – 1.18
E6607472 – 27.6 – 28.2 – 0.6 – 0.05 – 4 – 0.02
average – 26.2 – 28.2 – 2.0 – 0.78 – 3 – 0.83
including – 26.5 – 27.6 – 1.1 – 1.35 – 2 – 1.47

Note: Lengths are measured along the drill core and true widths of mineralization are not known at this time.
Several holes in this program intersected carbonate veins containing cobalt-nickel minerals as well as pyrite, pyrrhotite and chalcopyrite. In some holes tight folding of the volcanic rocks is evident and the Nipissing Diabase appears to be deeper than expected from bedrock mapping. The overall structural interpretation of the Bellellen area is ongoing to determine if these high grade cobalt-nickel veins are locally concentrated where folds converge.

Figure 1. Bedrock geology and location of drilling stations in the 2017 drilling program. Silver-cobalt veins shown are compiled from historic maps and locations shown not be considered exact.
Cobalt-bearing minerals in hole FCC-18-0007 occur as discrete bands associated with small, centimetre-sized calcite veins occurring within chloritized mafic volcanic rocks. Disseminated pyrite and arsenopyrite occur in the wallrocks of the veins. Arsenopyrite is associated with anomalous cobalt. The hole was collared over 150m south of the main Bellellen mine shaft. Drill holes FCC-18-0008 and FCC-18-0013 were drilled to test the dip extension of the cobalt mineralization in FCC-18-0007. Disseminated pyrite and arsenopyrite as well as calcite veins have also been noted in these holes.

Elsewhere in the Cobalt Camp at the Silverfields mine, high cobalt-nickel mineralization occurs along the margin of high grade silver veins, defining an extensive system. Silverfields produced approximately 18 million ounces of silver and was one of the largest producers, with over one million tonnes milled, in the Cobalt Camp.

Figure 2. East-west geologic cross section of FCC-18-0007 and nearby drill holes. The section is 40m thick. Grid blocks are 50m by 50m. Easting co-ordinates are in UTM NAD83 Zone 17 co-ordinate system.
For a table of drill hole assay results to date, visit https://firstcobalt.com/….

Bellellen Mine
Mining at Bellellen mine began in 1909 around the same time the Haileybury, Frontier and Keeley mines began operations. The Bellellen mine contained high cobalt content relative to silver, thus it struggled to be economically viable in a silver mining era. Bellellen had intermittent production until 1943, when 12.3 tons of ore were shipped containing 9.25% Co and 11.55% Ni.
At Bellellen, the Nipissing Diabase has been interpreted at a depth of 125 metres below surface within a fold hinge. Between surface and the diabase, a thick sequence of mafic volcanic rocks occurs, suggesting depth potential to the known Co-Ag mineralization may exist in this area.

Samples from surface muckpiles at Bellellen returned high values of Co coincident with Ag, Ni and Cu in various styles of mineralization (see September 28, 2017 press release). Mineralogy work on disseminated style mineralization found Co as glaucodot (Co,Fe)AsS as well as Co-bearing pyrite (see October 5, 2017 press release). This style of mineralization had not previously been recognized in the Cobalt Camp and suggests a broad hydrothermal system may be present at Bellellen.
Quality Assurance and Quality Control

First Cobalt has implemented a quality-control program to comply with common industry best practices for sampling and analyses. Samples are collected from drill core from a range of 30 to 100cm length. Half-core samples are submitted for analyses. Standards and blanks are inserted every 20 samples. Duplicates are made from quarter core splits every 20 samples. Geochemical data were received from SGS Canada in Lakefield, Ontario, Canada. No QA/QC issues have been noted. SGS has used a sodium-peroxide fusion and ICP finish for analyses on all samples. Over-range (> 1%) Co and Ni are determined by a separate fusion and ICP finish.
Qualified and Competent Person Statement

Dr. Frank Santaguida, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release. Dr. Santaguida is also a Competent Person (as defined in the JORC Code, 2012 edition) who is a practicing member of the Association of Professional Geologists of Ontario (being a ‘Recognised Professional Organisation’ for the purposes of the ASX Listing Rules). Dr. Santaguida is employed on a full-time basis as Vice President, Exploration for First Cobalt. He has sufficient experience that is relevant to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code.

About First Cobalt
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.

On behalf of First Cobalt Corp.
Trent Mell
President & Chief Executive Officer
For more information visit www.firstcobalt.com or contact:
Heather Smiles
Investor Relations
info@firstcobalt.com
+1.416.900.3891
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

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

This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects‘, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the reliability of the historical data referenced in this press release and risks set out in First Cobalt’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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U.S. Gold Corp. Announces New Copper King Discovery Zone from Fall 2017 Drilling Results

U.S. Gold Corp. (NASDAQ: USAU – https://www.youtube.com/… ) today is pleased to announce the discovery of a new zone of base and precious metals mineralization west of the existing Copper King deposit.
In late November and early December 2017, a four-hole, reverse circulation drilling program (3,945 feet/1,202 meters total) was completed, and assays from Bureau Veritas Minerals (BV Labs), Reno, Nevada, have just been obtained. Hole number CK17-01rc encountered a composite of almost 700 feet of base and precious metal mineralization beginning almost at the surface; see Table 1.
Drill Hole From (ft) To (ft) Thickness
(ft) Thickness
(m) Copper
> 0.1% Zinc
% Gold (g/t) Silver
(g/t)
CK17-01rc
-70 deg N
(1,030 ft td) 20 85 65 19.8 0.096 0.065 0.208 2.82
180 200 20 6.1 0.103 0.217 0.135 3.03
335 860 525 160 0.145 0.113 0.284 3.47
940 1,025 85 25.9 0.115 0.089 0.232 2.52
CK17-02rc
-70 deg N
(1,000 ft td)
No
significant
assays

CK17-03rc
-70 deg N
(1,000 ft td)
No
significant
assays

CK17-04rc
-70 deg S
(915 ft td)
No significant
assays

Table 1: Summary of fall 2017 Copper King drill results, based on > 20 ft intercepts including > 0.1% copper
The fall 2017 Copper King four-hole drilling program was designed to provide a first-pass drill test of anomalies obtained from a ground magnetics survey conducted in June combined with an induced polarization (IP) survey conducted by Zonge Geosciences Inc. in October 2017. Both geophysics programs were more detailed and comprehensive than previous surveys conducted on the project. Objectives of the IP survey were to 1.) delineate sulfide concentrations via the chargeability and 2.) discriminate lithologies via the resistivity. Rock magnetic expressions were delineated with the earlier ground magnetics survey. Gold mineralization at Copper King is known to be commonly, but not necessarily exclusively, associated with magnetite. The association of copper sulfide mineralization with gold mineralization in the historic mining area suggested that IP would be the more appropriate technique for detection of similarly mineralized material. The Copper King project is largely located on State of Wyoming managed lands. Permitting and bonding for drilling at Copper King through a “Notification of Intent to Explore for Noncoal Minerals” was readily and quickly facilitated and approved by the State of Wyoming Department of Environmental Quality based in Cheyenne, Wyoming.
Assay results and interval thicknesses obtained in CK17-01rc are similar in value and character to assay intervals encountered in the Copper King deposit “main zone.” Assay results and characteristics of mineralization in this hole indicate the presence of a heretofore previously undiscovered zone of significant mineralization on the Copper King project. The chargeability anomaly, drilled by hole CK17-01rc, exhibited on the attached Figure 10 from the Wright Geophysics Nov. 5, 2017, report, is the strongest anomaly obtained by the IP survey on the property, and it is an anomaly that had not previously been specifically tested by drilling.

Dave Mathewson, Vice President of Exploration for U.S. Gold Corp., stated, “This is an exciting turn of events for the Copper King project. Copper King has had a long history of several exploration programs conducted by numerous companies. This zone of mineralization, identified in hole CK17-01rc, apparently escaped all previous detection and, just as importantly, the bulk of this particular chargeability anomaly has not been drill-tested. We look forward to the prospect of building a greater metal endowment on the Copper King property. A follow-up drill program is currently being planned.”
Edward Karr, President and CEO of U.S. Gold Corp., stated, “We are very encouraged with this western step-out hole. This new zone of mineralization is 200 meters away from the existing deposit. This new discovery zone has shown consistent mineral grade from near the surface to the bottom of the hole. Mine Development Associates updated our Copper King Preliminary Economic Assessment technical report in December 2017. The current known deposit shows a Net Present Value of $178.5 million at $1,275 gold and $2.80 copper. An infill drilling program is being planned and designed to connect this new discovery zone back to the existing deposit. In addition, the best part of the IP anomaly is further west from this step-out hole. We believe this new discovery zone could extend further west and add additional potential upside to the known deposit. The presence of silver and zinc could also increase the overall future Copper King value.”

About U.S. Gold Corp.
U.S. Gold Corp. is a publicly traded U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of development and exploration properties. Copper King is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, done by Mine Development Associates. Keystone is an exploration property on the Cortez Trend in Nevada, identified and consolidated by Dave Mathewson. For more information about U.S. Gold Corp., please visit www.usgoldcorp.gold.

Forward looking and cautionary statements
Forward-looking statements in this press release and all other statements that are not historical facts, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks arising from: whether or not U.S. Gold Corp. will be able to raise capital through this offering or consummate this offering, the satisfaction of customary closing conditions, prevailing market conditions, the anticipated use of proceeds from the offering and the impact of general economic industry or political conditions in the United States or globally. A list and description of these and other risk factors can be found in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov.. We make no representation or warranty that the information contained herein is complete and accurate and we have no duty to correct or update any information contained herein.

INVESTOR CONTACT:
U.S. Gold Corp. Investor Relations:
+1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch – www.resource-capital.ch

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Zinc One Reports Additional High-Grade Zinc Results from its Bongará Mine Project, Peru

Zinc One Resources Inc. (TSX-V: Z; OTC Markets: ZZOF; Frankfurt: RH33 – “Zinc One” or the “Company” – https://www.youtube.com/… ) has received additional results from an ongoing surface-sampling program at its Bongará Zinc Mine Project in north-central Peru.
Highlights from the program include a surface channel sample (C-011-17) with 45.0 metres of 27.7% zinc and 4.0 metres of 30.5% zinc from an exploration pit (P285-17). All samples were located in the southern end of a 1.4-kilometre long trend of surface and near-surface zinc mineralization in the area referred to as Mina Grande Sur (formerly Fase C).
Jim Walchuck, President and CEO of Zinc One stated, “The high zinc values augment previous high-grade results from samples collected not only at Mina Grande Sur, but at Bongarita and Mina Chica also. All three zones lie within a mineralized system that has been traced for over 1.4 kilometres. The full extent of mineralization potential within this system has not been fully tested and remains open for the discovery of additional, high-grade mineralized zones.
Geology and Discussion of Results
The Bongará zinc-oxide mineralization is stratabound and hosted within carbonate rocks. The carbonate host rock at Mina Grande Sur is principally dolomite breccia and the zinc-oxide mineralization occurs in fractures and void space. It appears that the overall mineralized system occurs along and near an anticlinal fold axis and is mostly contained within a southeasterly plunging tabular body.
The sampling program commenced at the northern end of the trend of known high-grade, zinc-oxide mineralization. The results reported herein include the most recentsampling in the Mina Grande Sur area at the southern end of the trend. Thesampling in the Mina Grande Norte zone was completed in early January, with sample results expected in February 2018.
Table 1 below highlights the results from a channel with 45.0 metres of 27.7% zinc from Mina Grande Sur. Table 2 provides a summary of select pit samples from the same area. Since the true strike and dip of the stratabound mineralization is not known, the sample thicknesses from the pits do not necessarily represent the true thickness of the mineralized body. Additional maps and a summary of all results are available on the Company website at www.zincone.com.

Table 1: Mina Grande Sur – Channel Samples
Channel ID From (m) To (m) Length (m) Zn, % Pb, %
C-011-17 0.00 2.00 2.00 7.29 0.14
C-011-17 2.00 4.10 2.10 13.45 0.24
C-011-17 4.10 6.50 2.40 25.60 0.35
C-011-17 6.50 8.50 2.00 51.33 0.42
C-011-17 8.50 10.00 1.50 36.84 0.86
C-011-17 10.00 11.20 1.20 38.66 0.96
C-011-17 11.20 13.30 2.10 35.78 4.54
C-011-17 13.30 15.30 2.00 41.81 3.52
C-011-17 15.30 16.70 1.40 32.49 10.00
C-011-17 16.70 19.00 2.30 22.80 10.00
C-011-17 19.00 19.80 0.80 40.73 1.29
C-011-17 19.80 20.40 0.60 17.10 1.76
C-011-17 20.40 22.70 2.30 39.39 0.57
C-011-17 22.70 25.00 2.30 40.27 0.64
C-011-17 25.00 26.00 1.00 38.57 1.12
C-011-17 26.00 28.30 2.30 3.63 1.67
C-011-17 28.30 30.70 2.40 3.06 0.66
C-011-17 30.70 32.70 2.00 3.64 0.92
C-011-17 32.70 34.70 2.00 3.23 1.46
C-011-17 34.70 36.50 1.80 36.12 0.96
C-011-17 36.50 38.50 2.00 32.16 1.63
C-011-17 38.50 40.90 2.40 40.89 1.44
C-011-17 40.90 43.00 2.10 33.87 0.63
C-011-17 43.00 45.00 2.00 26.00 0.29

Table 2: Mina Grande Sur – Pit Samples
Pit ID From (m) To (m) Length (m) Zn, % Pb, % Thickness (m) Zn, %
P0094. 94-17 0.00 1.00 1.00 0.51 0.74
P0094. 94-17 1.00 2.00 1.00 1.12 3.45
P0094. 94-17 2.00 3.00 1.00 21.40 10.00
P0094. 94-17 3.00 4.00 1.00 12.85 1.19 2.0 17.10
P0093.94-17 0.00 1.00 1.00 1.44 0.42
P0093.94-17 1.00 2.00 1.00 2.99 3.35
P0093.94-17 2.00 3.00 1.00 40.81 3.07 1.0 40.81
P0112.86-17 0.00 1.00 1.00 20.20 1.74
P0112.86-17 1.00 2.00 1.00 29.00 1.17 2.0 24.60
P0294.95-17 0.00 1.00 1.00 2.90 1.38
P0294.95-17 1.00 2.00 1.00 40.38 1.44 1.0 40.38
P0289.95-17 0.00 1.00 1.00 18.15 1.36
P0289.95-17 1.00 2.00 1.00 32.91 1.20
P0289.95-17 2.00 3.00 1.00 21.10 0.61 3.0 24.05
P0285.95-17 0.00 1.00 1.00 2.10 1.06
P0285.95-17 1.00 2.00 1.00 3.06 3.29
P0285.95-17 2.00 3.00 1.00 37.15 1.36
P0285.95-17 3.00 4.00 1.00 31.10 1.22
P0285.95-17 4.00 5.00 1.00 30.09 1.00
P0285.95-17 5.00 6.00 1.00 23.60 1.27 4.0 30.49
P0160.94-17 0.00 1.00 1.00 42.56 1.80
P0160.94-17 1.00 2.00 1.00 37.15 2.97
P0160.94-17 2.00 3.00 1.00 35.58 1.70 3.0 38.43
P0115.86-17 0.00 1.00 1.00 28.82 1.92
P0115.86-17 1.00 2.00 1.00 40.70 1.06 2.0 34.76
P0304.95-17 0.00 1.00 1.00 35.19 0.44
P0304.95-17 1.00 2.00 1.00 24.20 0.86 2.0 29.70

Sampling and Analytical Protocols
Zinc One follows a systematic and rigorous Quality Control/Quality Assurance program overseen by Zinc One’s Chief Operating Officer, Bill Williams.
Surface sampling in outcrops is a manually collected channel sample. In the case of pits, the sample is channeled vertically. The sample is photographed, then placed into a pre-labeled plastic bag, properly sealed, and identified with a unique sample number. At the project site, Zinc One independently inserts certified control standards, blanks, and duplicates, all of which comprise approximately 30% of the sample batch, to monitor sample preparation and analytical quality. The samples are stored in a secure area until such time they are shipped to the ALS laboratory in Lima (ISO9001 certified) for preparation and assay. At the laboratory, samples are dried, crushed, pulverized and then a four-acid digestion is applied. This is followed by the ICP-AES analytical technique for 33 elements, including lead. Zinc is assayed by the same method for values up to 20%. If zinc exceeds 20%, it is analyzed by titration methods. The laboratory also inserts blanks and standards as well as including duplicate analyses.
Drill Program Update
The previously announced drill program at Bongará (see News Release from December 13, 2017) is expected to commence imminently, following the December approval of 124 drill platforms by the Peruvian Ministry of Energy and Mines. Two portable drill rigs are currently being mobilized to the project site, where nearly all 15 permitted platforms at Bongarita, located at the north end of the 1.4-km long trend of zinc mineralization, have been prepared for drilling. In addition, preparation of over two dozen platforms permitted at Mina Grande Sur, in the southern end of the mineralized trend, is in progress. After drilling of these areas is completed, the rigs will move to the Mina Grande Norte and Mina Grande Centro areas, respectively.
Results of the drill program at Bongarita, Mina Chica, and Mina Grande Sur will be used to better define the thickness and lateral extent of the mineralization that was not previously delineated by the surface channel and pit sampling nor by previous drilling,. This additional work at Bongará will continue to form the basis for advancement the development timeline.

About Zinc One Resources Inc.
Zinc One is focused on the acquisition, exploration and development of prospective and advanced zinc projects in mining-friendly jurisdictions. Zinc One’s key assets are the Bongará Mine and Charlotte-Bongará Zinc Projects in north-central Peru. The Bongará Zinc Mine Project was in production from 2007 to 2008, but shut down due to the global financial crisis and concurrent decrease in the zinc price. Past production included >20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte-Bongará Zinc-Oxide Project, which is nearly six kilometres to the NNW and where past drilling intercepted various near-surface zones with high-grade zinc. Zinc One is managed by a proven team of geologists and engineers who have previously constructed and operated successful mining operations.
The technical content of this news release has been reviewed, verified and approved by Bill Williams, COO and Director of Zinc One, a qualified person as defined by National Instrument 43-101.
Further Information
Monica Hamm
VP, Investor Relations
Zinc One Resources Inc.
Phone: (604) 974-5274
Email: mhamm@zincone.com

Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One’s limited operating history, its proposed exploration and development activities on the Bongará Zinc Oxide Project and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Endeavour Silver Provides 2018 Production and Cost Guidance

Endeavour Silver Corp. (TSX: EDR, NYSE: EXK – https://www.youtube.com/…) issued today the 2018 production and cost guidance for its three operating mines and one development project in Mexico: the Guanaceví mine in Durango state, the Bolañitos and El Cubo mines in Guanajuato state, and the El Compas mine, now under development in Zacatecas state.

In 2018, silver equivalent production is expected to increase by 20% compared to 2017. Endeavour forecasts higher silver and gold production at all three existing mines as well as initial production from the new fourth mine at El Compas by the end of March, with commercial production scheduled for the end of July.

With the higher forecast production, cash costs and all-in sustaining costs are expected to decline in 2018 compared to 2017. The 2018 capital budget will increase from 2017 due to the development of the new El Compas mine, and two new high grade orebodies at Guanacevi, whereas the exploration budget will decrease as the focus shifts towards more development activities this year.

2018 Production Guidance

Silver production is anticipated to be in the range of 5.8-6.4 million ounces (oz) and gold production is expected be in the 58,000-64,000 oz range. Silver equivalent production is forecast to be 10.2-11.2 million oz using a 75:1 silver:gold ratio , as shown in the table below.

Mine Ag (M oz) Au (K oz) Ag Eq (M oz) Tonnes/Day (tpd)
Guanacevi 2.2-2.5 5.0-5.5 2.6-2.9 900-1,050
Bolanitos 1.0-1.1 23.5-25.5 2.8-3.0 1,100-1,250
El Cubo 2.5-2.7 22.5-24.5 4.2-4.5 1,300-1,450
El Compas 0.1-0.1 7.0-8.5 0.6-0.8 0-250(1)
Total 5.8-6.4 58.0-64.0 10.2-11.2 3,300-4,000
(1) El Compas is scheduled to achieve commercial production by the end of July 2018

Bradford Cooke, Endeavour CEO, commented, “We are looking forward to a much better year, with higher production and lower costs in 2018, owing to improved operating performance at each of the three existing mines and the development of our fourth mine into commercial production.

“Guanacevi should continue to improve this year as the mine completes its recovery from the operating issues that held it back last year. Bolanitos and El Cubo should both see higher production from steady throughput, higher silver grades and improving metal recoveries.

“We look forward to bringing Endeavour’s fourth mine into commercial production in the third quarter as the El Compas construction program nears completion. Over the next few months, we anticipate a number of potential material developments to catalyze our future growth, including:

• Update of the El Compas project construction and optimized mine plan and economics
• Completion of construction and commissioning of production at El Compas
• Release of an optimized pre-feasibility study for Terronera
• Receipt of the final government environmental permits for Terronera
• Continued exploration results from Parral and other projects
• Additional acquisitions to expand our development project pipeline

“All in all, 2018 should be a rewarding year for Endeavour Silver shareholders, outlining our commitment to ensure both the sustainability of our current operations while investing in our development pipeline to fuel future growth.”

Operating Mines

At Guanaceví, mine performance should continue to improve over the course of 2018. After resolving several operating issues in 2017, management recently launched a seven month mine-site training program aimed at significantly improving workforce productivity and cutting costs. Plant throughput should rise from the 900 tpd in Q4, 2017 to 1,050 tpd in Q4, 2018 and average 1,000 tpd in 2018. Two new orebodies at Milache and SCS are being developed to commence production before year-end in order to reduce the onus on Porvenir Norte and Santa Cruz and increase operational flexibility.

At Bolañitos, steady mine production and plant throughput are forecast at 1,200 tpd similar to 2017, primarily from the LL-Asunción and Plateros vein orebodies plus some historic mine fill. Silver grades are expected to be higher than 2017 but gold grades will be lower. An improvement in metal recoveries is expected due to modifications in the flotation circuit implemented late last year.

At El Cubo, mine production and plant throughput will also continue steady at 1,400 tpd from the V-Asunción, Dolores, and San Nicolas veins. Ore grades should increase considerably as a higher grade area of the V-Asuncion orebody is scheduled for mining this year. Metal recoveries should rise incrementally after modifying the flotation circuit late last year.

Operating Costs

Cash costs, net of gold by-product credits, are expected to be $6.00-$7.00 per oz of silver produced in 2018. Consolidated cash costs on a co-product basis are anticipated to be $10.00-$11.00 per oz silver and $750-$800 per oz gold.

All-in sustaining costs (AISC), net of gold by-product credits, in accordance with the World Gold Council standard, are estimated to be $15.00-$16.00 per oz of silver produced in 2018 reflecting new investments in exploration and development programs. When non-cash items such as stock-based compensation are excluded, AISC are forecast to be in the $14.50-$15.50 range. Excluding the investment to develop the SCS and Milache ore bodies into production at Guanacevi, AISC would decrease by $2.00 per oz to $13.00-$14.00 per oz.

On a co-product basis, AISC are anticipated to be $15.50-$16.00 per oz silver and $1,150-$1,200 per oz gold. Direct operating costs are estimated to be in the range of $80-$85 per tonne.

Management has assumed a $17 per oz silver price, $1,275 per oz gold price, and 19:1 Mexican peso per US dollar exchange rate for its 2018 cost forecasts.

2018 Capital Budget

In 2018, Endeavour plans to invest $48.4 million on capital projects including $41.1 million in sustaining capital at the four operating mines and $7.3 million in growth capital at the two development projects. At current metal prices, the sustaining capital investments will be covered by operating cash flow.

Growth capital of $7.2 million is budgeted to complete the construction of the El Compas project to commercial production.

At Guanacevi, a capital budget of $25.9 million is planned for 2018, including sustaining capital of $10.3 million to develop 9.2 kilometres (km) of mine access at the North Porvenir and Santa Cruz mines. A total of $13.3 million is budgeted to development the new ore bodies. An additional $2.3 million will be invested on site infrastructure, including plant and office equipment and building improvements.

At Bolañitos, a capital budget of $2.6 million is planned for 2018, including $0.5 million on mine development to access resources in LL-Asunción and Plateros veins, plus mineralized fill from historic stopes not included in resources. An additional $2.1 million is planned for supporting site infrastructure, including mobile equipment, plant equipment, office equipment and building improvements.

At El Cubo, a capital budget of $12.6 million is planned for 2018, including 5.9 km of mine development for $7.6 million, $2.0 million for refurbishment of underground mobile equipment, $1.8 million to increase the capacity of the tailings facility and an additional $1.2 million for site infrastructure, including vehicles, plant equipment, office equipment and building improvements.

In 2017, Endeavour received government environmental permits to build the Terronera mine and plant but the Company still awaits receipt of the dumps and tailings permits. Upon receipt of these final permits, and assuming a positive production decision and appropriate debt financing, the 2018 growth capital budget will be amended accordingly.

Mine Mine Development Other Capital Sustaining Capital Growth Capital Total Capital
Guanaceví $23.6 million $2.3 million $25.9 million – $25.9 million
Bolañitos $0.5 million $2.1 million $ 2.6 million – $2.6 million
El Cubo $7.6 million $5.0 million $12.6 million – $12.6 million
El Compas – – – $7.2 million $7.2 million
Corporate – – – $0.1 million $0.1 million
Total $29.0 million $6.6 million $41.1 million $7.3 million $48.4 million

Exploration Budget

In 2018, the Company plans to drill 44,000 metres (m) and spend $11.1 million on brownfields and greenfields exploration, development engineering, and land payments across its portfolio of properties. At the three existing mines, 17,000 m of core drilling are planned at a cost of $2.8 million. At the exploration and development projects, expenditures of $8.3 million are planned to drill 27,300 m, to advance engineering studies and meet property holding obligations.

At El Compas, 6,600 m will be drilled for $1.0 m primarily on the Calicanto concessions. The 2018 drilling will further test the new zones of high grade mineralization within the Misie-Karla-Karla HW and Calicanto veins discovered in 2017.

At Terronera, $1.7 million will be spent to complete an updated pre-feasibility study and a 6,600 m drill program. The 2018 drilling will focus on extending mineralization in the Terronera vein to the southeast of the current resource, plus testing other veins.

At Parral, $2.2 million will be spent on drilling 12,000 m to extend historic and new resource areas and complete a preliminary economic assessment.

In Chile, the Company will conduct a 3,000 m drill program on one property exploring for bulk tonnage silver-lead-zinc manto mineralization.

Project 2018 Activity Drill Metres Expenditures (millions)
Guanaceví Drilling 6,600 $0.8
Bolanitos Drilling 5,400 $1.0
El Cubo Drilling 5,000 $1.0
El Compas Drilling 6,600 $1.0
Terronera Drilling/Update PFS 5,400 $1.2
Parral Drilling/PEA 12,000 $2.2
Guadalupe y Calvo Mapping – $0.2
Chile Drilling 3,000 $1.3
Mexico Holding Costs/Land Payments – $2.4
Total 44,000 $11.1

About Endeavour – Endeavour Silver Corp. is a mid-tier precious metals mining company with three high-grade, underground, silver gold mines in Mexico. In 2018, the Company is forecasting a 20% production increase to 10.2-11.2 million oz silver equivalent. Endeavour has a compelling pipeline of silver-gold exploration and development projects and plans to build new mines over the next three years to fuel its next stage of organic growth. Our mission is to become a premier senior producer in the silver mining sector.

Contact Information – For more information, please contact:
Galina Meleger, Director Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Fax: (604) 685-9744
Email: gmeleger@edrsilver.com
Website: www.edrsilver.com
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding Endeavour’s anticipated performance in 2018 and the timing and results of various future activities. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties; as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

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Klondex Announces New Open Pit Mineral Resource Estimate at Fire Creek

Vancouver, BC – December 21, 2017– Klondex Mines Ltd. (TSX: KDX; NYSE American: KLDX) (“Klondex” or the “Company” – http://www.commodity-tv.net/…) is pleased to provide an initial open pit Mineral Resource estimate for its Fire Creek mine (“Fire Creek”) located in northern Nevada, USA, which incorporates the results from the 2017 open pit surface and underground exploration drill programs. This Mineral Resource estimate is in addition to the Company’s previously announced underground Mineral Resources. Klondex plans to provide a complete Mineral Reserve and Resource update, for all sites, during the first quarter of 2018.

Fire Creek Open Pit Mineral Resource Highlights: (See Table 1 and Figures 1-3)
• Total Indicated Mineral Resource estimate of 42.9M tons grading 0.026 AuEq opt (0.88 AuEq g/t) for a total of 1.1M AuEq ounces
• Total Inferred Mineral Resource estimate of 31.7M tons grading 0.035 AuEq opt (1.19 AuEq g/t) for a total of 1.1M AuEq ounces
• This initial Mineral Resource estimate excludes all underground Mineral Resources reported at Fire Creek, however there is potential to mine relatively higher grade underground resources, outside the underground mine plan, from surface
• The open pit mineralization is open to the north, south and west
• The Company will remain focused on mining and further delineating the high grade underground veins while looking for strategic alternatives to advance and develop the bulk tonnage open pit Mineral Resource

Table 1: Fire Creek Open Pit Mineral Resource Estimate
Category Tons (M) Au opt Au g/t Ag opt Ag g/t AuEq opt AuEq g/t Au
Moz Ag
Moz AuEq Moz
Indicated 42.9 0.025 0.87 0.055 1.88 0.026 0.88 1.093 2.350 1.105
Inferred 31.7 0.034 1.17 0.091 3.12 0.035 1.19 1.085 2.882 1.101
1. Mineral resources are calculated at a gold price of US$1,400 per ounce and a silver price of US$19.83 per ounce.
2. Metallurgical recoveries for gold and silver are 65% and 30%, respectively for oxide mineralization and 60% and 25% respectively for mixed mineralization.
3. One ounce of gold is equivalent to 183.53 ounces of silver.
4. Mineral Resources include 10% dilution and 5% mining losses.
5. Cut off grades for the Mineral Resources are 0.01opt AuEq.
6. The effective date for the Mineral Resource is November 30, 2017.
7. Mineral Resources which are not Mineral Reserves have not yet demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
8. The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.
9. The Mineral Resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.

Mr. Paul Huet, President and CEO, commented, “The results of this initial open pit drill program are extremely exciting for Klondex. We believe that the addition of these open pit mineral resources has the potential to significantly extend Fire Creek’s mine life.” Mr. Huet continued, “Fire Creek continues to demonstrate it is a world-class property and we now have data suggesting the underground and open pit potential is robust with the possibility for these resources to significantly expand with our continued district exploration programs. We will continue to maximize the full value of this asset for our shareholders. Management will continue to focus our efforts on the higher grade, underground mineralization while exploring and evaluating strategic alternatives to advance and develop the open pit potential of this asset.”

In 2017, a total of 21 surface and 10 underground core drill holes were drilled for a total of 14,758 ft (4,498 m). This drilling targeted wide zones of low grade mineralization above the high grade vein system currently in production, with the intent to develop a bulk minable resource. Also included in these new resources is historical drilling conducted since 2004, which consists of 1,474 surface and underground drill holes totaling 1,022,240 ft (311,578 m).

A technical report in support of the Mineral Resource estimate described herein and prepared in accordance with National Instrument 43-101 will be filed on SEDAR and EDGAR within 45 days from the date hereof.

Assays were performed by American Assay Laboratories of Sparks, Nevada, as directed under the supervision of Klondex staff. This organization is an ISO 17025 accredited independent laboratory.

Qualified Person
Scientific and technical information in this press release has been reviewed and approved by Mark Odell, P.Eng. (NV Lic#13708) of Practical Mining LLC, an “independent qualified person” within the meaning of National Instrument 43-101.

About Klondex Mines Ltd. (www.klondexmines.com)
Klondex is a junior-tier gold and silver mining company focused on exploration, development, and production in a safe, environmentally responsible, and cost-effective manner. The Company has 100% interests in four producing mineral properties: the Fire Creek Mine, the Midas Mine and ore milling facility, the Hollister Mine, all of which are located in the state of Nevada, USA, and the True North Mine and mill in Manitoba, Canada. The Company also has a 100% interest in the Aurora mine and ore milling facility, also located in Nevada, USA.

For More Information
John Seaberg
Senior Vice President, Strategic Relations
O: 775-284-5757
M: 303-668-7991
jseaberg@klondexmines.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch – www.resource-capital.ch

Cautionary Note Regarding Forward-looking Information
This news release contains certain information that may constitute forward-looking information or forward-looking statements under applicable Canadian and United States securities legislation (collectively, “forward-looking information”), including but not limited to the Company remaining focused on mining and further delineating high grade underground veins while looking for strategic alternatives to advance the open pit resource, the new information significantly extending Fire Creek’s mine life, the exploration potential at the Fire Creek Mine, the timing of an updated mineral reserve and mineral resource update and future exploration and production plans of Klondex. This forward-looking information entails various risks and uncertainties that are based on current expectations, and actual results may differ materially from those contained in such information. These uncertainties and risks include, but are not limited to, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which mineral reserve estimates are reflective of actual mineral reserves; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations; and the ability of Klondex to fund its substantial capital requirements and operations. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials filed with the securities regulatory authorities in Canada and United States available at www.sedar.com and www.sec.gov, respectively. Readers are urged to read these materials. Klondex assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by law.

Cautionary note to U.S. investors regarding estimates of measured, indicated and inferred resources and proven and probable reserves
The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101-Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)-CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (“CIM Definition Standards”) These definitions differ from the definitions in the SEC Industry Guide 7 (“SEC Industry Guide 7”) under the Securities Act.

The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in, and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that all or any part of a mineral deposit in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all, or any part, of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.

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First Cobalt Intersects Three Cobalt Veins at Keeley

First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company” – https://www.youtube.com/… ) is pleased to announce new positive drill results from its 2017 drill program, confirming the presence of three cobalt bearing veins to the southwest of the past-producing Keeley mine in the Canadian Cobalt Camp. First Cobalt’s 2017 drill campaign is targeting cobalt mineralization over a two kilometre strike length, representing less than two percent of its land package with several known historic cobalt-rich mines.

Highlights

• 0.12% Co over 5.50m, including 0.68% Co over 0.34m in the Woods vein system which, together with the Watson vein, accounted for over 80% of the production in the Cobalt South area of the Cobalt Camp
• Greater than 1.00% Co over 0.42m* in the KeeleyCo#1 vein and 0.60% Co over 0.38m in the KeeleyCo#2 vein
• KeeleyCo#1 and KeeleyCo#2 veins are two metres apart and are interpreted as parallel structures to the Woods vein, where only minor mine workings exist
• Zinc and lead intersected as part of a hydrothermal halo around the vein systems provides another example of previously unknown metal zoning now seen elsewhere in the Cobalt Camp

Trent Mell, President & Chief Executive Officer, commented:

“We have identified cobalt mineralization to the north and south of the historic Keeley and Frontier silver-cobalt mines. Intersecting meaningful cobalt veins at the Woods Vein Extension and now at the southern extent of the Keeley mine has provided important data points and insights into historic mining operations. We are learning valuable structural information in this first drill program that will be applied to an ambitious camp-wide drill program commencing in January 2018.”

Keeley 5 Results

Assays have been received from an additional nine holes from four target areas: Keeley 5 shaft area, Keeley 2, Haileybury and Frontier 1. The most significant results were in drillhole KF-KD-0005 which intersected three different cobalt veins in an area south of the historic Keeley mine and to the west of the Woods Vein (Figure 1).

Table 1. Assay Results Summary for KF-KD-0005
From To Length Co Ag Ni Cu Zn Pb
Vein m m m % g/t % % % %
Woods 75.00 80.50 5.50 0.12 109 0.03 0.02 0.06 0.20
Including 78.42 78.76 0.34 0.68 >1,000* 0.84 0.11 0.53 >1.00*
KeeleyCo #1 198.62 199.00 0.38 0.60 5 0.06 0.02 0.01 0.00
KeeleyCo #2 201.00 201.42 0.42 >1.00* 6 0.55 0.02 0.00 0.00
*Note: Over-range assays are pending for Co (1%), Ag (1000g/t), and Pb (1%)

The Keeley 5 shaft area was targeted because historic mining assays reported high values for cobalt and nickel over several metres at the 8th Level, approximately 130 metres below surface outlining another vein system west of the Woods Vein. Drillhole KF-KD-0005 targeted below a ten metre length of historic workings along the Woods vein, which was assumed to occur as a single cobalt-nickel vein (Figure 2). Assays from this hole returned two additional cobalt intercepts, the KeeleyCo#1 vein and the KeeleyCo#2 vein, suggesting more than one vein occurs in this area.

Limited workings were developed into the KeeleyCo#1 and KeeleyCo#2 veins for test mining and it is believed they were abandoned due to the low silver, high cobalt nature of the veins. A total of five drillholes targeted this area in the current drilling program. The grades in these new cobalt veins, ranging from 0.60% to 1.00% Co or greater, are consistent with other known veins in Cobalt South such as Haileybury and Frontier 1. Skudderudite is the dominant Co-mineral and niccoline is the dominant Ni-mineral; both identified in drillcore logging. Over-range assays are pending for the >1% Co value, which will be calculated with an ICP finish.

Figure 1. Bedrock geology of the Keeley-Frontier-Bellellen mines in Cobalt South area.

Similar cobalt-nickel mineralization to KF-KD-0005 has also been logged in KF-KD-0004 further south. Assays are pending for this hole, but cobalt and nickel mineralization has been identified using a portable X-Ray Fluorescence (XRF) analyzer.
Both drillholes have been surveyed using borehole electromagnetics (EM) and an in-hole response was detected in each. An off-hole response was detected in KF-KD-0004 as well, suggesting the intersections are part of a vein system developed west of the Woods Vein. Results may indicate a multiple cobalt-bearing vein system in the area. Cobalt veining is interpreted to extend to mineralization intersected further south and is open along strike to the north.
Follow-up drilling is planned for this area in January to test the cobalt vein system along strike and closer to surface.

Woods Vein

Cobalt mineralization was intersected in the Woods Vein along with high grade silver. Zinc and lead were also intersected, reflecting a broader hydrothermal system capable of transporting metals. This broader hydrothermal system was noted in previous assay results from the Woods Vein Extension, but has not been well documented by previous companies in the Cobalt Camp.

Drillhole KF-KD-0005 intersected 0.12% Co over 5.50m, including 0.68% Co over 0.34m. The 0.34m intercept also assayed at >1,000 g/t Ag, 0.84% Ni, 0.53 Zn and >1.00% Pb. Presently, results have not been received for over-range assays. Fire assay methods will be used for silver and an ICP finish for elevated Co and Pb will be completed. The Woods and Watson vein system accounted for over 80% of the production in the Cobalt South area of the Cobalt Camp.

Figure 2: East-west cross section showing KF-KD-0005 and nearby drillholes.

The intersection of the Woods Vein appears as a zone of broken core containing abundant clay material. The host rocks are highly silicified and brittle in nature so fracture easily. Core recovery was poor; as such the complete vein may not have been adequately sampled.

Other Targets

First Cobalt has completed 61 holes in its maiden drill campaign in the Canadian Cobalt Camp. The 6,366 metre diamond drilling program was designed to test vein sets mapped in outcrop in ten areas known to be cobalt-rich over a two kilometre strike length encompassing the past producing Keeley, Frontier, Haileybury and Bellellen mines. All drill holes have been geologically logged, sampled and submitted for assays and multi-element geochemistry; assay results have been returned from 17 holes, including those reported in this release.

At the Woods Vein Extension area, assays previously reported from four holes were returned with anomalous metals in separate veins including 0.83% Co and 30 g/t Ag over 0.48 metres in one hole north of the Frontier Mine (see November 2, 2017 press release).
At Frontier 1, results from five of nine holes have been received, which included a previously reported new silver-bearing vein intersected in one of the holes: 27.75 g/t Ag and 0.10% Cu over 9.53 metres (see November 2, 2017 press release). The drilholes targeted calcite stockwork veining and cobalt mineralization mapped at surface and from historic underground plans.

A total of seven holes were drilled at Haileybury. Assay results from four holes were previously reported and an additional hole has also returned no significant Co values (<0.02% Co) despite intersecting calcite veins similar to the vein exposed at surface containing Co and Ni. These results suggest the mineralizing structure here is not well developed.

At Keeley 2 in the eastern portion of the Keeley mine, assays were received from two drillholes without significant Co values.

For a table of drill hole locations and assay results to date, visit https://firstcobalt.com/….

Next Steps

The 2017 drill program was designed to test structures to learn more about vein orientations and determine the grades in the host rocks to known Ag-Co calcite veins and in the veins themselves. Cobalt had been identified near the Woods Vein and Watson Vein, the main sources of silver at the Keeley and Frontier mines, as well as recorded on historic underground mine maps, making them a logical starting point for the drill program.

All drill data, downhole geophysical surveys, bedrock geochemical surveys and interpretations from the summer-fall mapping at the Keeley-Frontier property are being incorporated into a 3D geological model for 2018 exploration work which will include a much larger drill campaign. Successful results from the Company’s electromagnetic surveys (announced December 12, 2017) have prompted testing of a new ground-based electromagnetic system to determine if the cobalt veins encountered by drilling can be detected from surface.

Recent surface sampling results including the Drummond, Juno and Silver Banner mines in Cobalt North, the Caswell mine in Cobalt Central and the Bellellen mine in Cobalt South, together with 2017 drilling assays, will be integrated into First Cobalt’s geological model to plan the 2018 drill program.

Quality Assurance and Quality Control

First Cobalt has implemented a quality-control program to comply with common industry best practices for sampling and analyses. Samples are collected from drill core from a range of 30 to 100cm length. Half-core samples are submitted for analyses. Standards and blanks are inserted every 20 samples. Duplicates are made from quarter core splits every 20 samples. Geochemical data were received from SGS Minerals laboratories in Lakefield, Ontario, Canada. No QA/QC issues have been noted. SGS Laboratories has used a sodium-peroxide fusion and ICP finish for analyses on all samples.

Qualified and Competent Person Statement

Dr. Frank Santaguida, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release. Dr. Santaguida is also a Competent Person (as defined in the JORC Code, 2012 edition) who is a practicing member of the Association of Professional Geologists of Ontario (being a ‘Recognised Professional Organisation’ for the purposes of the ASX Listing Rules). Dr. Santaguida is employed on a full-time basis as Vice President, Exploration for First Cobalt. He has sufficient experience that is relevant to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code.

About First Cobalt

First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.

On behalf of First Cobalt Corp.

Trent Mell

President & Chief Executive Officer

For more information visit www.firstcobalt.com or contact:

Heather Smiles
Investor Relations
info@firstcobalt.com
+1.416.900.3891

In Europe:
Swiss Resource Capital AG – Jochen Staiger
info@resource-capital.ch – www.resource-capital.ch

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

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects‘, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the reliability of the historical data referenced in this press release and risks set out in First Cobalt’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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First Cobalt Reports Positive Borehole Geophysics Results

First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company” – http://www.commodity-tv.net/…) is pleased to announce positive results from a borehole geophysics program in the Canadian Cobalt Camp. An electromagnetic program successfully identified a geophysical signature associated with vein-style mineralization intersected in recent drilling as well as an off-hole anomaly, providing a new exploration tool for the Cobalt Camp.

Highlights
• In-hole and off-hole electromagnetic (EM) anomalous responses corresponding to veining have been encountered at the Woods Vein Extension and near the Keeley mine
• Off-hole anomalous results will be targeted for follow-up in the winter drill program
• Final data interpretation is nearly complete and results are being incorporated into the planning for January 2018 drilling

Trent Mell, President & Chief Executive Officer, commented:
“Borehole electromagnetics may prove to be an effective tool for quickly detecting potential mineralization in the Camp. This signature connects veining logged in drill core with anomalous EM responses measured in-holes and potentially off-holes. We will continue to use EM type surveys in other areas to expedite future exploration planning.”

First Cobalt completed tests using a borehole electromagnetic (EM) system on ten drillholes in Cobalt South that are known to have intersected vein-style mineralization. The objective of this program was to assess EM methods against known mineralized targets to validate this geophysical tool for future application in the Cobalt Camp.

EM surveys measure electrical conductivity contrast between conductive minerals containing metals such as cobalt and silver and the host rock. The system detects conductivity in rocks intersected in the drillhole, an “in-hole response,” and away from the hole, an “off-hole response,” to a distance of approximately 100 metres.

Three areas were targeted for surveying: the area known as the Woods Vein Extension, the Frontier #1 vein and an area near the Keeley mine (Figure 1). The Woods Vein Extension area was previously believed to be barren but, based on new mapping and drilling, may be the extension of the Woods-Watson vein system that accounted for over 80% of the historic production in the Cobalt South region of the Cobalt Camp.

Electromagnetic Survey Results
Results of the program were positive, with both in-hole and off-hole electromagnetic anomalous responses encountered.
Five holes were surveyed near the Keeley mine and three at the Woods Vein Extension, to the north of the Frontier mine. Three holes with known cobalt veining provided an in-hole EM response consistent with drill core logging and assay results, confirming the ability of EM to detect a geophysical signature for cobalt veins.

More significantly, surveying in one hole near the Keeley mine detected an off-hole response, indicating a potential extension of the veining recorded in the hole. Two holes drilled along the Frontier #1 vein were also surveyed to detect off-hole anomalies, but did not encounter any EM responses.

Next Steps
EM surveying has not been used extensively in the Cobalt Camp despite cobalt and silver minerals being excellent conductors. The pulse EM method which is being used is well suited for this setting. The success of this program has three implications for First Cobalt.
First, ground-based EM system testing will commence shortly to determine if the cobalt veins encountered by drilling can be detected from surface. An expanded ground EM survey over the Woods Extension area is also being considered. If the results from the borehole program can be replicated from surface, EM surveys could have a camp-wide application as a prospecting and drill hole targeting tool.
Second, the off-hole anomaly detected near Keeley will be targeted during the winter drilling program starting in January.

A third implication is the opportunity to employ EM more systematically with drill campaigns, in order to quickly identify the extension of mineralized intercepts.
Crone Geophysics, based in Mississauga, Ontario, have been contracted to conduct the surveys. Crone Geophysics develops high quality instruments and has provided leading edge surveying and consulting since 1962.

Figure 1. Bedrock geology and location of holes surveyed
Qualified and Competent Person Statement
Dr. Frank Santaguida, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release. Dr. Santaguida is also a Competent Person (as defined in the JORC Code, 2012 edition) who is a practicing member of the Association of Professional Geologists of Ontario (being a ‘Recognised Professional Organisation’ for the purposes of the ASX Listing Rules). Dr. Santaguida is employed on a full-time basis as Vice President, Exploration for First Cobalt. He has sufficient experience that is relevant to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code.

About First Cobalt
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.
On behalf of First Cobalt Corp.

Trent Mell
President & Chief Executive Officer
For more information visit www.firstcobalt.com or contact:
Heather Smiles
Investor Relations
info@firstcobalt.com
+1.416.900.3891

In Europe:
Swiss Resource Capital AG – Jochen Staiger
info@resource-capital.ch – www.resource-capital.ch

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

This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects‘, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the reliability of the historical data referenced in this press release and risks set out in First Cobalt’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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Zinc One Announces Approval of Permit for 124 Drill Platforms on the Bongará Zinc Mine Project, Peru

Zinc One Resources Inc. (TSX.V: Z; OTC: ZZZOF; FSE: RH33 – “Zinc One” or the “Company” – http://www.commodity-tv.net/… ) announces that the Peruvian Ministry of Energy and Mines (“MEM”) has approved the permit of 124 drill platforms for the purpose of delineating mineral resources at the Company’s Bongará Zinc Mine Project in Peru. Drilling is expected to commence early January 2018. Results from the drill program will be used to advance the Bongara Zinc Mine Project along a development timeline and towards a preliminary economic assessment (“PEA”). A map of the proposed drill platform locations can be found on the Zinc One website at https://zincone.com/….

James Walchuck, Zinc One President and CEO stated, “This is one of the most important milestones we have reached thus far. This permit will allow the Company to drill the areas of known mineralization in the Mina Grande, Mina Chica, and Bongarita sectors and, in conjunction with the results from the ongoing surface and pit sampling, allow us to complete a resource estimate that a PEA can be based on. We are confident that we will be able to confirm the historic resource – 1Mt of 21.6% Measured and Indicated and 0.21Mt of 21.2% Inferred. This is especially significant since the Mina Chica and Bongarita sectors have never been drilled and we believe that our drill program will be able to really define the zinc-rich zones of mineralization on the Mina Chica, Bongarita and Mina Grande sectors of the project.”

The permit allows for drilling of up to three holes per platform with an average drill depth of approximately 25 metres. Results of the drill program will be used to prepare a resource estimate according to National Instrument 43-101 (“NI 43-101”) anticipated by the end of Q2 2018. Construction of the drill camp is expected to be completed by end of December with up to four portable drill rigs mobilized soon thereafter.
Historical Resource Estimate

The historical resource estimate set forth in this news release was prepared by the previous operator, Corianta S.A. in an internal report dated June 13, 2011 on the Bongará Zinc Mine. Although the historical resource estimate used “measure resources”, “indicated resources” and “inferred resources”, the historical estimate was not done in compliance with CIM standards. Zinc One considers these categories relevant as it represents the Zinc One’s main target for exploration and development work on the Bongará Zinc Mine. Zinc One is confirming the reliability of the historical resource estimate and the information supporting the historical resource estimate. The qualified person has not done sufficient work to classify the historical estimate as a current mineral resource. Zinc One is not treating these historical estimates as current mineral resources.

About Zinc One Resources Inc.
Zinc One is focused on the acquisition, exploration and development of prospective and advanced zinc projects in mining-friendly jurisdictions. Zinc One’s key assets are the Bongará Zinc Mine Project and the Charlotte-Bongará Zinc Project in north-central Peru. The Bongará Zinc Mine Project was in production from 2007 to 2008, but shut down due to the global financial crisis and concurrent decrease in the zinc price. Past production included >20% zinc grades and recoveries over 90% from surface and near-surface zinc nonsulfide mineralization. High-grade nonsulfide zinc mineralization is known to outcrop between the mined area and the Charlotte-Bongará Zinc Project, which is nearly six kilometres to the NW and where past drilling intercepted various near-surface zones with high-grade zinc. The Company is managed by a proven team of geologists and engineers who have previously constructed and operated successful mining operations.
The technical content of this news release has been reviewed and approved by Bill Williams, COO and Director of Zinc One, a qualified person as defined by NI43-101

For more information, please contact:
Monica Hamm
VP, Investor Relations
Zinc One Resources Inc.
Phone: 604.683.0911
Email: mhamm@zincone.com

Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One’s limited operating history, its proposed exploration and development activities on the Bongará Zinc Oxide Project and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.

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

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