New Generation Consumer Group, Inc.'s Urban Mining Ventures Announces Joint Venture Partnership With Victory Resources
Corp.
LOS ANGELES, CA--(Marketwired - Aug 31, 2016) - New Generation Consumer Group, Inc. (OTC: NGCG) ("NGCG" or the "Company"), who
has recently changed its name with Delaware SOS to Urban Mining Ventures Inc., is excited to announce a new Joint Partner,
Victory Resources Corp. (TSX VENTURE: VR). Victory Resources Corporation is a growth focused mineral company creating value
through the exploration and development.
The Agreement will provide the company a twenty-five (25%) percent interest in the mineral rights to the V-LITH mineral
property which consists of 29 claim units totaling 464 hectares (1147 acres).
The Property is located between Rich Lake to the south and Opikeigan Lake to the north in the Thunder Bay Mining District and
Rich Lake Township in the north-central portion of the province of Ontario, Canada.
In the initial exploratory work on the Rich Lake property it has shown to host numerous pegmatite dykes which have been
explored for their lithium and precious metal bearing mineralization. The Lilypad Lakes pegmatites do host lithium minerals as
reports of a 10.4 meter drill intersection assaying 1.08 percent Li20 in a drill hole intersection and assays as high
as 2.05 percent Li20 and 4.45 percent Li20. Historically, on the Rich Lake ground, a sample taken from a
structure exposed in a shaft returned an assay of 1.0 ounces gold per ton.
Mr. Kim and his advisors have been working several months on the details of Joint Venture with Victory and their CEO Roger
Frost. It was decided from reviewing the initial exploration information that there is sufficient evidence that the V-LITH
property has significant Lithium deposits to proceed with a exploration program which is estimated to take two to six months to
complete and produce a NI 43-101 report. The company will contribute $100,000 for the completion of the NI 43-101 report.
Mr. Kim is extremely excited about the potential for the Victory project and future announcements concerning Victory and Mr.
Frost. According to Kim "This new alliance forms the foundation which I needed to catch the attention of my partners overseas and
as I forge ahead with my plans to become further involved with our new partners from Canada. Based on my long history with my
friends in Hong Kong, I am confident that I will receive the support to take this project to the next level." Victory CEO
Roger Frost stated, "The Company is elated to form a partnership with Urban Mining Ventures Inc." Mr. Frost believes with lithium
becoming one of the top resources in the future of mining, the joint venture agreement will help propel both companies to become
a force in the mining industry.
Mr. Kim is currently in talks with two separate overseas groups who are claiming to have process equipment which will enable
the efficient dismantlement and reclaim processes used in asset recovery which until now was only available through the use of
labor overseas. While he is currently in the vetting process, it seems that fundamentally the equipment seems to meet both
economic viability tests and would be complicit with the more stringent North American environmental requirements.
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This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar
expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the
exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties,
including the timely development and market acceptance of products and technologies, the ability to secure additional sources of
finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets
Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks
and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect
events or circumstances that may arise after the date of this release.