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Sudbury, June 27, 2018 – Canadian Gold Miner (“CGM” or “the Company”) and Transition Metals Corp. (“Transition Metals”, XTM.V) are pleased to provide an update regarding Company activities.

Company CEO Greg Collins commented, “Canadian Gold Miner has made real considerable progress consolidating the 230 square kilometres that it holds in the prolific Abitibi greenstone belt and refining targets in preparation for an aggressive program of drilling that we would like to initiate this fall. With field crews on the ground this summer we have activity underway that will help better position us for a robust public listing later this year.

Update of Activities and Accomplishments:

1 Source: MNDM 1984 Assessment Report 32D04SE0351
2 Source: XTM - CGM press release dated September 14, 2017
3 Source: MNDM 2016 Assessment Report 2.57100
4 Source: http://merc.laurentian.ca/metalearth
5 Source : https://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00003353&issuerType=03&projectNo=01881132&docId=3079983

Summer 2018 Work Programs Now Underway:

6 Source: MNSM 1979 Mineral Deposit Circular
7 Source: MNDM 1984 Assessment Report 32D04NE2005/32D04SW0162

Qualified Person

The technical elements of this press release have been approved by Mr. Thomas Hart, P.Geo. (APGO), a Qualified Person as defined under National Instrument 43-101. Please note that all reported historical values have not been independently verified by the Qualified Person and as such do not conform to NI 43-101 standards for disclosure. As such, historical values should not be relied upon.

About Canadian Gold Miner

Canadian Gold Miner Corp. is 39% owned by Transition Metals Corp (XTM –TSX-V) and is a Canadian private corporation focused on exploring for gold in the Larder Lake Mining District near Kirkland Lake. The Company was founded by Transition to leverage its data, expertise and extensive portfolio of high quality gold projects. CGM has assembled a dominant land position in excess of 229 square kilometres around the Cadillac Larder, Lincoln-Nipissing and Ridout Structures in the southwestern part of the prolific Abitibi Greenstone belt in Ontario. The Abitibi Greenstone belt is Canada’s most prolific gold district located in a stable political jurisdiction with excellent mining infrastructure in place.

Transition Metals Corp.

Transition Metals Corp (XTM -TSX.V) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into discoveries. The award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Rigorous fieldwork combining traditional and new techniques helps unearth compelling prospects and drill targets. Transition uses the project generator business model to acquire and advance multiple exploration projects simultaneously, thereby maximizing shareholder exposure to discovery and capital gain. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder’s equity dilution. The company has a portfolio that currently includes gold, copper, nickel and platinum projects primarily in Ontario, Nunavut and Saskatchewan.

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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.

Further information is available at www.transitionmetalscorp.com or by contacting:

Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-1777

Greg Collins
President and CEO
Canadian Gold Miner Corp.
Tel: (705) 669-0590

Download PDF Version

Figure 1. Lincoln Nipissing – Target Area Location Map

Figure1 South Kirkland Location Sketch II

 

 

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