Astorius Resources Ltd. (TSX-V: ASQ, Frankfurt: 47AF) ("Astorius" or the "Company") at the request of IIROC the Company wishes to clarify specific disclosure relating to the news release disseminated by the Company on November 14, 2017.
Astorius can earn 100% ownership in the mineral claims in the Taca Taca District by paying $50,000 USD upon the signing of the agreement, paying $100,000 USD and issuing 4,500,000 common shares upon TSX Venture Exchange Approval, incurring $275,000 USD in exploration expenditures on an in-depth exploration EIA approval, and $300,000 USD upon acceptance of a NI 43-101 Report by the TSX Venture Exchange or within 18 months. This transaction is subject to TSX Venture Exchange Approval.
The company has retracted the reference to any extraction activity as quoted by Sandy MacDougall CEO and Chairman, as no mining study has been filed to support the technical feasibility and economic viability of the project that would suggest any “the extraction activity” disclosed in the news release.
On Behalf of the Board
Sandy MacDougall
CEO and Chairman
www.astoriusresources.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the exploration results on the Taca Taca mining concession.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
Source: Astorius Resources Ltd. (TSX Venture:ASQ)
