Category: News

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May 21, 2019, Toronto, Ontario: Jourdan Resources Inc. (TSXV: JOR)  “Jourdan” or the “Company”) is pleased to announce that it has staked 550 hectares resulting in the acquisition of a  22-claim property contiguous to the south of its Baillarge Property. The new claims are located  adjacent to paved highway 111 and are approximately 30 kms from the town of Val d’Or, Quebec and they surround the site of the former producing La Corne molybdenum mine. The La Corne mine was operated intermittently by Molybdia Corporation Limited from 1951 to 1972 as an underground mine. Total production during this period was 3,838,844 tons of raw material  at a head grade of 0.33% MoS2 (6.6 lbs/ton) and 0.040% bismuth (0.80 lbs/ton) (Source MRNFQ Report DPV 619).

Dr. Andreas Rompel Appointed to Board of Directors

The Company is also pleased to announce the appointment of Dr. Andreas Rompel to the board of directors, effective immediately.

Dr. Rompel is a seasoned exploration professional with three decades of exploration experience in a wide  range of roles from VP Exploration and Project Manager to Country Manager and Corporate Development. Most recently, Dr. Rompel was the President & CEO of Cobalt Power Group. Dr. Rompel has also worked in a variety of commodities, including precious metals and base metals as well as coking coal and cobalt. For more than a decade Dr. Rompel evaluated capital projects within Anglo American and was on the board of Spectrem (an Anglo-American Company) as Technical Director. He has worked in many countries on several continents and has well developed multi-linguistic skills.

Aurbel Processing Plant Memorandum of Understanding

In  addition,  the  Company  announced  that  it  has  signed  a  non-binding  memorandum  of understanding  (“MOU”)  with  QMX  Gold  Corporation  (“QMX)  that  is  expected  to  facilitate Jourdan’s  investigation into the economic and technical viability of producing lithium from its 100% owed Vallee Lithium project located near and adjacent to the producing North American Lithium  mine  and  mill  (the  “Property”).  Upon  completion  of  a  technical  assessment  and satisfactory due  diligence, Jourdan and QMX intend to enter into a definitive agreement to process raw materials from the Property at QMX’s Aurbel processing plant (the “Plant”), located in Val d’Or, Quebec.

Pursuant to the MOU, if, as a result of the technical assessment, Jourdan concludes that the Plant  requires capital improvements to effectively process its future raw materials, Jourdan expects to bear  any such corresponding costs. If QMX is satisfied with its due diligence of Jourdan, Jourdan expects QMX to install, at its own expense, a suitable truck weighing scale at or near the Plant.

Jourdan’s President and CEO, Dr. Andreas Rompel, commented “We are excited about the memorandum of understanding as we view it as one step towards enabling us to process our future  raw  materials. The Aurbel plant is within 30km of our Property and we believe it is particularly  well-equipped for our purposes; any required modifications will be of a relatively minor  nature.          Hence,   we  believe  this  represents  a  positive  development  towards  our objectives”.

Additional Information

On July 17, 2018, Jourdan announced that it had extracted 50 tonnes of spodumene-rich material from the Property. This material was subsequently crushed to minus ¾ inch and stored in 1 tonne sacks.

40 tonnes of the bulk sample are at the Process Research Ortech (“PRO”) in Mississauga, Ontario, where it will be upgraded by flotation to make a concentrate. Previous work by PRO on drill core samples from the Property returned a concentrate of more than 5% Li2O (previously announced on November 6, 2014).

Photos and videos of the blast area and crushing are in the Gallery on the Company’s website. Previously reported (October 2, 2017) lithium drill results from the Valle Lithium Project include:

•  from the 1955 drilling program: 4.88m @ 1.38% Li2O in hole VS-12, 4.06m @ 0.93% Li2O in hole VS-12, 3.97m @ 1.30% Li2O in hole VS-10, 2.59m @ 0.75% Li2O in hole VS-6 and 1.68m @ 0.67% Li2O in hole VS-7.\

 

• from the 1952-53 drilling program: 3.17m @ 50% Spodumene in hole SB-33, 2.99m @ 15% Spodumene as well as Lepidolite in hole SB-50, and 2.81m @ 20% Spodumene in hole SB-52.

 

• from the 2011 drilling: 6.95m @ 0.88% Li2O and 5.50m @ 1.19% Li2O in holes VAL11-20, 5.00m @ 0.85% Li2O in hole VAL11-11, 5.80m @ 1.08% Li2O and 5.42m @ 0.81% Li2O and 4.63m @ 1.03% Li2O in hole VAL11-17, 6.33m @ 0.86% Li2O in hole VAL11-13, 6.84m @ 0.64% Li2O in hole VAL11-07.

 

Qualified Person

The technical and scientific information in this press release has been reviewed and approved by  Mélanie Pichon, P.Geo., who is a Qualified Person as defined by National Instrument 43-101.

About Jourdan Resources:

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange and 2JR1 on the Frankfurt Stock Exchange. The Company is  focused on the acquisition, exploration, production, and development of mining properties. The  Company’s properties are in Quebec, Canada, primarily in the spodumene- bearing pegmatites of  the  La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine  is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.

Please visit the Company’s website at http://jourdanresources.com. For further information please contact:

Dr. Andreas Rompel

President and CEO FSAIMM / Pr.Sci.Nat.

Tel (416) 861-2272

andy.rompel@jourdanresources.com

 

 

Michael Dehn

VP Exploration

Tel: (647) 477-2382

michael@jourdanresources.com

 

 

 

FORWARD LOOKING STATEMENTS:

 

This press release contains “forward-looking information” within the meaning of applicable Canadian securities  legislation.  Forward-looking  information  includes,  but  is  not  limited  to,  statements regarding the projected economics of its projects, the Company’s understanding of its projects, success of exploration activities, statements with respect to the development potential and timetable of  its  projects  and  Jourdan,  and  estimation  of  mineral  resources.  Generally,  forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does   not   expect”,   “is   expected”,   “budget”,   “scheduled”,   “estimates”,   “forecasts”,   “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”  or  “be  achieved”. Forward-looking  information  is  subject  to  known  and  unknown  risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements  of  Jourdan  to  be  materially  different  from  those  expressed  or  implied  by  such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such   statements.  Accordingly,  readers  should  not  place  undue  reliance  on  forward-looking information.  Jourdan  does  not  undertake  to  update  any  forward-looking  information,  except  in accordance with applicable securities laws.

 

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 RELEASE.

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May 9, 2019, Toronto, Ontario – Jourdan Resources Inc. (TSX-V: JOR) (“Jourdan” or the “Company”) announces that it intends to complete a best efforts partially brokered private placement financing of up to 10,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $500,000.00 (the “Offering”). Each Unit will consist of one common share of the Company (each, a “Common Share”) and one-half Common Share purchase warrant (each, a “Warrant”), entitling the holder to acquire one additional Common Share at an exercise price of $0.06 for a period of 24 months from issuance. If at any time after four months and one day from the closing of the Offering, the Common Shares trade at $0.15 per Common Share or higher on the TSX Venture Exchange (“TSX-V”) for a period of 30 consecutive days, the Company will have the right (but not the obligation) to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.

Closing of the Offering is expected to occur on or about May 31, 2019. All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of TSX-V approval.  The Company may pay a finder’s fee to one or more brokers in connection with the Offering. The Company intends to use the proceeds of the Offering to continue to develop its Vallée Lithium Project in Quebec and for general corporate purposes.

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX-V and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.

For more information:

Michael Dehn
VP Exploration
Tel: (647) 477-2382
Fax: (647) 477-2389
michael@jourdanresources.com

Cautionary statements

This press release contains “forward?looking information” within the meaning of applicable Canadian securities legislation. Forward?looking information includes, but is not limited to, statements regarding, the projected economics of its projects, the Company’s understanding of its projects, success of exploration activities, statements with respect to the development potential and timetable of its projects and Jourdan, estimation of mineral resources, the intended use of proceeds, closing conditions and timing and other matters relating to the Offering. Generally, forward?looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.  Forward?looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward?looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward?looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

20190509 PP

 

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

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JOURDAN ANNOUNCES CHANGE OF AUDITOR AND Appointment of Corporate Secretary

FOR IMMEDIATE RELEASE

January 11, 2019, Toronto, Ontario: Jourdan Resources Inc. (TSXV: JOR) (“JOURDAN” or the “Company”) announced today that it has changed auditors from Gram LLP (“Gram”) to UHY McGovern Hurley LLP (“McGovern”), effective January 8, 2019. At the request of the former auditor Gram, Gram has resigned as of the effective date of January 8, 2019. McGovern has been appointed as the successor auditor. In accordance with National Instrument 51?102 (“NI 51?102”), the Company has filed a Change of Auditor Notice on SEDAR together with letters from both Gram and McGovern, with each letter confirming agreement with the statements contained in the notice, as applicable. There were no reportable events (as defined in NI 51?102) between Gram and the Company.

In addition, the board of directors of the Company appointed Aaron Atin as the Corporate Secretary of the Company. Mr. Aaron Atin is a corporate lawyer who works as a legal consultant to various TSX, TSX Venture and CSE-listed companies in the mining and technology industries. He was previously an associate at a large Toronto corporate law firm, where he worked on a variety of corporate, securities and commercial transactions. Mr. Atin studied at the University of Toronto, Faculty of Law, and the University of Waterloo, where he obtained a Juris Doctor and a Bachelor of Arts degree, respectively.

About Jourdan Resources:

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.

 

Please visit the Company’s website at http://jourdanresources.com.

 

For further information please contact

Michael Dehn

VP Exploration

Tel: (647) 477-2382

Fax: (647) 477-2389

michael@jourdanresources.com

FORWARD LOOKING STATEMENTS:

This news release contains certain forward-looking statements, including statements regarding the impact of changes to the management team and board of directors of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.

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 release.

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December 14, 2018, Toronto, Ontario: Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the “Company”) announces the resignation of Fred Leigh as President and CEO of the Company and the appointment of Dr. Andreas Rompel as President and CEO of the Company, effective immediately.

Dr. Rompel is a seasoned exploration professional with three decades of exploration and mining experience in a wide range of roles from VP Exploration and Project Manager to Country Manager and Corporate Development. Most recently, Dr Rompel was the President & CEO of Cobalt Power Group. Dr. Rompel has worked in a variety of commodities, including precious metals and base metals as well as energy metals – cobalt. For more than a decade Dr. Rompel evaluated capital projects within Anglo American and was on the board of Spectrem (an Anglo-American Company) as Technical Director. He has worked in many countries on several continents and has well developed multi-linguistic skills.

The Company also announces the resignation of John Ryan as Chief Financial Officer of the Company and the appointment of Stephen Woodhead as Chief Financial Officer effective immediately.

Mr. Woodhead is a graduate of the University of Cape Town and a member of the South African Institute of Chartered Accountants. Mr. Woodhead has over 25 years of experience having worked for the South African Department of Finance and Trans Hex Group, a South African diamond producer, before relocating to Canada in 1997 as Chief Financial Officer of Trans Hex International. From 2003 until it was acquired by Yamana Gold in 2006, Mr. Woodhead was the Chief Financial Officer of Desert Sun Mining, developer of the Jacobina gold mine in Brazil, and in 2011 and 2012 was Chief Financial officer of Crocodile Gold Corp. Mr. Woodhead has also acted as Chief Financial Officer of Admiral Bay Resources (oil and gas), Beartooth Platinum (platinum group metals), Longford (oil and gas), Aberdeen International (royalty), Sanatana Diamonds (diamonds) and Homeland Energy (coal); as Vice President, Finance of Glass Earth (gold) and Luiri Gold (gold), and has served as a director of Apogee Minerals (silver) and Vaaldiam Mining (diamonds).

The board and management of Jourdan express their gratitude to Messrs. Leigh and Ryan for their effort and extensive contributions and wish them well in their future endeavours.

Stock Option Grant

Jourdan Resources has granted 700,000 stock options to certain directors, officers and consultants of the Company pursuant to the Company’s stock option plan. The stock options vest immediately and may be exercised at a price of $0.05 per option for a period of three years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange.

 

About Jourdan Resources:

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock Exchange. The Corporation is focused on the acquisition, exploration, production, and development of mining properties. The Corporation’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.

 

For further information please contact

Michael Dehn

VP Exploration

Tel: (647) 477-2382

Fax: (647) 477-2389

michael@jourdanresources.com

 

 

FORWARD LOOKING STATEMENTS:

 

This news release contains certain forward-looking statements, including statements regarding the impact of changes to the management team and board of directors of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.

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 release.

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JOURDAN RESOURCES COMPLETES BLAST AT VALLEE LITHIUM AND SAMPLING TO MAKE CONCENTRATE FOR CUSTOMER VALIDATION

Mississauga (Canada), July 17, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V: JOR, Stuttgart: 2JR1) has extracted 50 tonnes of spodumene rich material from its 100% owed Vallee Lithium Project adjacent to North American Lithium’s producing Quebec Lithium Mine. This material has now been crushed to minus ¾ inch and awaiting shipment to Process Research Ortech (“PRO”) in Mississauga, Ontario.

Magnor Exploration Inc. managed all aspects of the sample collection and preparation. Samples are ready for shipment in 1 tonne sack to PRO in Mississauga where they will be upgraded by flotation to make a concentrate. Previous work by PRO on drill core samples from the Vallee Lithium Project returned a concentrate of more than 5% Li2O (previously released on November 6, 2014).

“We are very please at the visual appearance of the blast material and have seen spodumene rich material ranging from 10% to 70% visually in the rock. Once all the crushed material has been concentrated by PRO and customers have the opportunity to complete their own evaluation of the spodumene concentrate, we expect to be able to demonstrate that our own rock is on par with the concentrate produced by Canada’s only lithium mine, North American Lithium’s Quebec Lithium Mine,” states Jourdan’s CEO Michael Dehn.

The current phase of field work should be completed shortly, and an exploration update will be issued with the Company’s findings while we await assay results.

Photos and videos of the blast area and crushing will be available on The Company’s website.

Roger Ouellet, P. Geo., and Jean-Paul Barrette P. Geo, both Qualified Persons as defined by NI 43-101, have reviewed, and approved the technical information in this press release. Both were also present in the field at during the sample collection.

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Mississauga (Canada), June 13, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V NEX: JOR.H) is pleased to announce that its shareholders (the “Shareholders”) have voted today at the annual and special meeting of Shareholders (the “Meeting”) in favour of all matters put to Shareholders at the Meeting.

In addition, the board of directors of the Corporation granted 2,450,000 incentive stock options to directors, officers and consultants of the Corporation, subject to TSX Venture Exchange approval. The options will have a term of 5 years, expiring on June 12, 2023. Each option will allow the holder to purchase one common share (each a “Share“) in the Corporation at a price of $0.08. All options issued will be subject to a four month hold.

Lastly, further to its June 12, 2018 press release, the Corporation omitted to mention that a $750 finder was paid pursuant to the Offering, and inadvertently indicated that it issued 8,870,000 FT Shares instead of 8,870,000 flow-through units (each a “FT Unit“) of the Corporation at a price of $0.075 per FT Unit. Each FT Unit consisted of one common shares issued on a “CEE flow-through” basis pursuant to the Income Tax Act (Canada) and one Share purchase warrant (a “Warrant“). Each Warrant will entitle the holder to acquire one Share at an exercise price of $0.10 per Share until June 12, 2020.

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.

 

Please visit the Company’s website at www.jourdanresources.com

 

For further information please contact:

 

Michael Dehn         

President and CEO           

Tel: (647) 477-2382

Fax: (647) 477-2389

michael@jourdanresources.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 release.

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Mississauga (Canada), June 12, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V NEX: JOR.H) is looking forward to meet shareholders at its annual and special meeting of shareholder being held today at 65 Queen Street West, Suite 805, Toronto, Ontario Canada M5H 2M5 at 9:00 a.m. (Eastern Standard Time).

Jourdan is also pleased to announce that further to its press release dated March 1, 2018 and subject to receiving final regulatory approvals, it has closed the first tranche of its previously announced non-brokered private placement (the “Offering”) by issuing 12,313,332 units (each a “Unit”) of the Corporation at a price of $0.06 per Unit; and 8,870,000 common shares (each a “Share”) of the Corporation issued on a “CEE flow-through” basis pursuant to the Income Tax Act (Canada) (each a “FT Share”) at a price of $0.075 per FT Share, for aggregate gross proceeds of $1,404,049.92 (the “First Tranche”).

Each Unit consists of one Share and one Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one Share at an exercise price of $0.10 per Share on that date that is 24 months from the issuance closing date.

The Corporation intends to use the net proceeds of the Offering to fund exploration expenditures on its portfolio of mineral properties and for general working capital.

Related Party Transaction

A portion of the First Tranche constituted a “related party transaction” as set out in Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions (“MI 61-101”) as Michael Dehn, President, CEO and director of the Corporation, has been issued through Avanti Management & Consulting Limited, under the Offering 1,000,000 Units. Accordingly, the part of the First Tranche constituted to that extent a “related party transaction” under MI 61-101. The transaction is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of any securities issued to or the consideration paid by such persons exceeds 25% of the Corporation’s market capitalization. The Corporation did not file a material change report more than 21 days before the closing of the First Tranche as it wished to close on an expedited basis for sound business reasons and did not know when the transaction would be completed.

 

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.

 

Please visit the Company’s website at www.jourdanresources.com

 

For further information please contact:

 

Michael Dehn         

President and CEO           

Tel: (647) 477-2382

Fax: (647) 477-2389

michael@jourdanresources.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 release.

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Mississauga (Canada), June 6, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V NEX: JOR.H) is pleased to announce that, further to its March 1, 2018 press release, a first tranche of the Offering will be closed on June 11, 2018.

In preparation of the upcoming shareholders meeting, schedule for June 12, 2018, the Corporation is also pleased to provide additional information on the previously announced non-arm’s length assignment agreement (the “Agreement”) made effective August 9, 2017, with Fairmont Resources Inc. (“Fairmont”) and Frédéric Bergeron (“FB”), wherein Fairmont agreed to assign and transfer its interest in an option agreement (the “Option”) to acquire 100% of all right, title and interest in the Rome Lithium property (the “Property”), subject to 2% production royalty in favor of FB of which 1% can be redeemed by the Corporation for a cash payment of $1,000,000, to the Corporation, and the Corporation agreed to purchase such Option from Fairmont on the terms and conditions set forth in the Agreement (the “Acquisition”).

The consideration payable by the Corporation in order to acquire the Option, in addition to the $25,000 already paid pursuant to the right of first refusal agreement between the Corporation and Fairmont dated June 22, 2017, consists of a payment of $50,000 in cash, 1,500,000 common shares of the Corporation (each a “Share”) and a 2% net smelter return royalty of which 1% can be redeemed by the Corporation for a cash payment of $1,000,000. In addition, the Corporation is required to incur an aggregate of $150,000 in work expenditure on the Property; on or before June 10, 2019. The Corporation would have 37,723,112 Shares issued and outstanding after the issuance of the 1,500,000 Shares upon closing of the Acquisition.

The policies of the TSX Venture Exchange (the “Exchange”) requires that the Acquisition be approved by the disinterested shareholders of Corporation pursuant to section 5.7(k) of Exchange Policy 5.3 (“Policy 5.3”) as it is a non-arm’s length transaction without satisfactory evidence of value, and accordingly the 3,977,080 common share of the Corporation, beneficially own or controlled by Mr. Michael Dehn, who was president, CEO and director of the Corporation and Fairmont when the Agreement was entered into, representing 11.1% of the issued and outstanding Shares, will be excluded from the shareholders’ approval resolution.

Lastly, further to the Corporation’s August 14, 2017 press release as well as its MD&As for the period ending June 30, 2017, September 30, 2017, December 31, 2017, and March 31, 2018 disclosing the mineral resource estimate for the adjacent North American Lithium Mine, the Corporation inadvertently reported the resource estimate using the 0.6% Li2O cut-off grade where the resource estimate prepared by the QP reports the 0.8% Li2O cut-off grade as the “preferred” and bolded cut-off grade.

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.

 Please visit the Company’s website at www.jourdanresources.com

 For further information please contact:

 

Michael Dehn         

President and CEO           

Tel: (647) 477-2382

Fax: (647) 477-2389

michael@jourdanresources.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 release.

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Mississauga (Canada), March 4, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V : JOR, Stuttgart: 2JR1) is pleased congratulate James Xiang and his team at North American Lithium for attracting the investment from the largest Chinese automotive battery manufacturer CATL Battery. On March 3, Jilin Jien Nickel Co. Ltd., announced the investment by CATL into North American Lithium, of $50 million in new equity and $16 million in convertible debt. North American Lithium’s Quebec Lithium Mine is the only currently producing lithium mine in Canada.

Jourdan Resources welcomes China’s CATL Battery’s (commonly referred to as China’s “Tesla”) $66 million investment into North American Lithium. Jourdan has a large geologically similar set of claims that virtually surround North American Lithium (see map of September 15, 2017 –  https://goo.gl/RKcCMj )

Livio Filice, global lithium expert comments on the development, “The investment from CATL confirms that large end users of lithium chemicals are still searching to secure lithium supply which is a clear indication that the market will remain tight. Significant Chinese investment continues to be deployed into battery manufacturing capacity to meet emerging demand for electric vehicles and stationary energy storage applications. It is critical for these manufacturers to secure supply for these assets to ensure a successful ramp-up over the next years. It is in my opinion, that Jourdan Resources is well positioned to benefit from growing foreign investment interest into the region. The CATL investment now places Jourdan Resources on the global stage as their land packages straddle that of North American Lithium.”

CATL Battery is in the process of completing and initial public offering that would see it raise $2 billion and have an initial valuation of $20 billion. CATL is working with both BMW and VW in Germany on electric car batteries, systems, and new technology.

Michael Dehn, President and CEO of Jourdan Resources states “Quebec’s lithium endowment has just received a huge endorsement from the investment by CATL Battery. Jourdan’s location around North American Lithium and in the La Corne intrusive are attractive targets for new lithium deposits as well as extensions to the open pit of the Quebec Lithium Mine to east and west where mineralization extends onto Jourdan’s West Lithium and Vallee Lithium Properties.”

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.

 

Please visit the Company’s website at www.jourdanresources.com

 

For further information please contact:

 

Michael Dehn         

President and CEO           

Tel: (647) 477-2382

Fax: (647) 477-2389

michael@jourdanresources.com

 

 

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance, may constitute forward-looking information (collectively “forward-looking information”) within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of Jourdan Resources.

While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public  Jourdan Resources filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Company to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Company’s public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, Jourdan Resources does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.

Although the Company believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted.

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 release. Statements in this release that are not historic facts are “forward-looking statements” and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these “forward-looking statements.”Jordan Resources Expects Global Interest with China’s CATL Battery’s $66 million Investment In North American Lithium