News

The Latest News from Kiplin Metals Inc.

by Kiplin Metals
December 5, 2021

December 5th, 2021 – Vancouver, British Columbia – Kiplin Metals Inc. (the “Company”) (TSXV:KIP, Frankfurt: 17G1) is pleased to announce that it has been granted an option to acquire a one-hundred percent interest in the Cluff Lake Road Uranium Project (the “CLR Project) from an arms-length third-party. The CLR Project covers ~531ha in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the Arrow and Tripe R Uranium deposits have been made. The CLR Project is 5km east of the Cluff Lake Road (Hwy 955), which leads to the historic Cluff Lake Mine, which historically produced approximately 62,000,000lbs of yellowcake uranium.

The CLR Project adjoins the eastern border of Fission 3.0’s Patterson Lake North Project, which has a long history of exploration. In 2013 and 2017 Zadar Ventures Ltd. completed both a DC Resistivity Geophysical Survey and a Radon Cup Survey at the CLR Project and defined the primary exploration target: a resistive anomaly, approximately 4km long, trending generally north-south and which is concurrent with radon gas anomalies, the latter being a uranium decay product.

At present, the Company is specifically reviewing similarities between the Shea Creek Deposit and the CLR Project. The Shea Creek Uranium Deposit is located ~30km northwest of the CLR Project and has an indicated mineral resource of 67.66 million pounds of uranium (2,067,900 tonnes grading 1.48% U3O8) and an inferred mineral resource of 28.19 million pounds of U3O8 (1,272,200 tonnes grading 1.01% U3O8) (Technical Report by Eriks P. Geo. 2013).

Under the terms of the option, the Company can earn a 100% interest in the CLR Project by making total cash payments of $120,000 over a 2-year period and spending $50,000 on exploration within the first year. Following exercise of the option, the CLR Project will be subject to a one-percent net smelter returns royalty which can be purchased for a one-time cash payment of $1,000,000.

Further information on the CLR Project and planned exploration activities will be released in the coming weeks.

The Company announces that, effective December 1, 2021, the board of directors have elected Gil Schneider as President and CEO of the Company. Gil Schneider was with Aramark Corporation for 15 years as Vice President of New Business Development. Aramark at the time had 259,000 employees and annual revenues of over $13 billion. Since leaving Aramark, Gil has gone on to co-found a number of public companies and serve on the boards of several public and private companies. Clive Massey has resigned from the board to pursue other opportunities. The Company thanks Mr. Massey for his services.
Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

“Peter Born”

Director

Neither the 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.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

by Kiplin Metals
September 8, 2021

September 8, 2021 – Vancouver, British Columbia – Kiplin Metals Inc. (the “Company”) (TSXV:KIP, Frankfurt: 17G1) is pleased to announce the Company’s intention to begin Phase 1 exploration at its wholly-owned Exxeter Gold Project, located in Val d’Or Quebec, one of the most prolific gold camps in the world. The exploration program is slated for mid-September and is to consist primarily of short hole drilling, with Shaw drills, of prospective zones, where anomalous gold in soil values correlate strongly with subsurface geophysical anomalies and trends. Given the proximity to significant gold deposits, both on trend with the Company’s targets and those in close proximity, the board is very optimistic about the fall program. Peter Born P.Geo., is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.

About Kiplin Metals

Kiplin Metals is an early-stage exploration and development mining company. The Company’s management understands that the greatest value creation for shareholders is through the discovery, and development of mineral resources, therefore the company focuses on project that can provide such impact. Kiplin Metals has the rights to two highly perspective minerals exploration assets in Canada, a region in the world known for its resources, collaborative regulatory structure and stable economic and political environment.

The Exxeter Gold Project covers an area of 715ha located in Val d’Or Quebec, one of the premier gold camps in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the Val d’Or.

The Lac Rochester Copper Project is located on the eastern border of the Val d’Or mining camp, 50km southeast of the city of Val D’Or, and 14km south of the Company’s flagship property, the Exxeter Gold Project. Past exploration of the Lac Rochester Copper Project has identified multiple high copper and iron values, concurrent with a large, northeast trending magnetic anomaly.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

“Peter Born”

Director

Neither the 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.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

by Kiplin Metals
August 4, 2021

August 4th, 2021 – Vancouver, British Columbia – Kiplin Metals Inc. (“The Company”) (TSXV:KIP, Frankfurt: 17G1) is pleased to announce that it has entered into a mineral property option agreement (the “Option Agreement”) with Kode Mineral Exploration Ltd. (the “Vendor”), an arms-length third party, pursuant to which the Company has been granted the option to acquire a 100% interest in the Lac Rochester Copper Property (the “Project”) which is comprised of 48 map designated mineral claims, covering an area of approximately 2,774 hectares in the Province of Quebec.

The Lac Rochester Copper Project is located on the eastern border of the Val d’Or mining camp, 50km southeast of the city of Val D’Or, and 14km south of the Company’s flagship property, the Exxeter Gold Project. Exploration of the Lac Rochester Copper Project in the 1960’s identified multiple high copper and iron values, concurrent with a large, northeast trending magnetic anomaly. The Company is in the process of compiling and digitizing historical date on the project, with the intention of commencing exploration in the near term.

Under the terms of the Option Agreement, the Company can acquire all rights to the Project, subject to a one-percent net smelter returns royalty on commercial production to be granted to the Vendor, which can be purchased by the Company at any time for a cash payment of $1,000,000. In order to exercise the option and acquire the Project, the Company must make cash payments to the Vendor of $400,000; $10,000, on signing of the Agreement, $140,000 at eighteen months after the signing of the Agreement, $250,000 at thirty-six months after the signing of the Agreement. The company must also incur work expenditures of $400,000 on the Project, all over a three-year term.

No securities of the Company are issuable to the Vendor in accordance with the Option Agreement. The Company does not intend to devote the majority of its resources to the development of the Project in the next twelve-months, nor does it expect the Project to represent the majority of its assets going forward.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,
“Peter Born”
Director

Neither the 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.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

by Kiplin Metals
June 20, 2021

June 20, 2021 – Vancouver, British Columbia – Kiplin Metals Inc. (the “Company”) (TSXV: KIP) is pleased to announce that following completion of a review of strategic acquisition opportunities in the exploration-stage resource sector, the Company has identified a copper project in Canada for potential acquisition. The Company is currently in the final stages of negotiating the acquisition of the project and expects to provide further information regarding the project and the terms of the transaction once an agreement has been reached. If completed, the acquisition would add to the Company’s existing project portfolio.

Readers are cautioned that while negotiations are at an advanced stage, there can be no guarantee that a final agreement will be reached or that any new project will be acquired by the Company.

For further information, contact the Company at 604.622.1199.

On behalf of the Board,
Kiplin Metals Inc.
Peter Born, Director

Neither the 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.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

by Kiplin Metals
January 6, 2021

January 6, 2021 – Vancouver, British Columbia – Kiplin Metals Inc. (the “Company”) (TSXV: KIP) is pleased to announce that following completion of a technical review of existing data on the Exxeter Project, located in the Province of Québec, the Company has formulated the initial phase of an exploration program for the Project. Initially, the Company intends to conduct an IP (Induced Polarization) survey of the Project to complete the global dataset and refine drilling targets. Once this initial survey work is complete, the Company plans to test subsurface anomalies on the Project with short-hole drilling.

The Company anticipates that IP survey work will be completed in the first quarter of 2021, and will provide further information as work commences and exploration plans are finalized.

About the Exxeter Project

The Company currently holds an option to acquire the Exxeter Project, which comprises a series of thirteen map-designated mineral claims covering an area of approximately 748 hectares, located in Val d’Or, Quebec, one of the premier gold camps in the world. The Project covers 3.8 kilometers of the Cadillac Tectonic zone, which is the principal geologic structure responsible for gold mineralization in the Val d’Or. A 2016 exploration program on the Project included soil sampling at 200 meter spacing. Of 167 samples, 18 assayed 5ppb Au or higher. Three samples assayed higher than 50ppb Au and appear to be related to 6 sub-parallel structures related to the Cadillac Fault, as interpreted by a 2016 magnetometer survey and a 2017 IP survey. In addition, a follow-up soil sampling conducted at 25 meter spacing, identified 95 samples assaying 5ppb or higher and 9 samples assaying 50ppb Au or higher.

The Exxeter Gold Project is surrounded by significant showings and deposits, and the region has a long history of metal exploration and mining. The first recorded mining production in the region came from the Stabell mine which produced 100 ounces of gold in 1914. In the latter half of the 1920’s, several mines started production including the O’Brien, Waite-Amulet and Siscoe. At the end of 2019, there were eight mines in the region producing gold with additional production of silver, copper and zinc. There are an additional 74 deposits with established mineral reserves and resources of various commodities and at stages from resource definition through feasibility.

The technical content in this news release has been reviewed and approved by Peter Born, P.Geo., a qualified person under National Instrument 43-101.

For further information, contact the Company at 604.622.1199.

On behalf of the Board,

Kiplin Metals Inc.
​Peter Born, Director

Neither the 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.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

by Kiplin Metals
November 6, 2020

November 6, 2020 – Vancouver, British Columbia – Kiplin Metals Inc. (the “Company”) (TSXV: KIP) has commenced a technical review of existing data on the Exxeter Project, located in the Province of Québec, with a view to developing an exploration program for the Project which can be completed in the first quarter of 2021. The Company currently holds an option to acquire the Exxeter Project, which comprises a series of thirteen map-designated mineral claims covering an area of approximately 748 hectares.

The Company will provide further information on the planned exploration program for the Project, once the initial technical review has been completed.

For further information, contact the Company at 604.622.1199.

On behalf of the Board,
Kiplin Metals Inc.
Peter Born, Director

Neither the 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.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

by Kiplin Metals
September 14, 2020

September 14, 2020 – Vancouver, British Columbia – Kiplin Metals Inc. (the “Company”) (TSXV: KIP) regrets to inform that it has been unable to renegotiate acceptable terms for its option to acquire the Urban Barry Gold Project (the “Project”). The Project comprises a 1,297 hectare land package located in the Urban Barry mining district in the Province of Québec.

The Company has been in negotiations with the option holder for the past several weeks but was unable to reach terms that would allow the Company to retain an interest in the Project. As a result, the Project has been returned to the option holder.

At this time, the board of directors is reviewing a revised work plan and capital budget focusing on the Company’s remaining properties. A further update on intended work programs will be provided to shareholders as more information becomes available.

For further information, contact the Company at 604.622.1199.

On behalf of the Board,
Kiplin Metals Inc.
​Peter Born, Director

Neither the 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.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.