VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 29, 2016) -
NOT FOR DISTRIBUTION TO THE UNITED STATES WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
Lowell Copper Ltd. ("Lowell Copper") (TSX VENTURE:JDL), Gold Mountain Mining Corporation
("Gold Mountain") (TSX VENTURE:GUM) and Anthem United Inc. ("Anthem") (TSX VENTURE:AFY) (collectively, the
"Parties") are pleased to announce that, further to their news releases dated August 15, August 31, September 23, and September
27, 2016, the shareholders of each of Lowell Copper, Anthem and Gold Mountain have unanimously approved the resolutions required
to effect the proposed business combination to create JDL Gold Corp., a new diversified gold and copper production and
development company (the "Transaction").
The Parties will be making an application to the Supreme Court of British Columbia for the Final Order approving the plan of
arrangement to complete the Transaction on October 5, 2016. Closing of the Transaction is expected to occur on or about October
6, 2016.
Particulars of the Transaction, the process for the court application and the plans for the resulting company are fully
described in the Joint Circular dated August 26, 2016 which has been filed on SEDAR and mailed to shareholders of the three
companies.
About Lowell Copper Inc.
Lowell Copper is a copper exploration and development focused company led by J. David Lowell and is listed on the TSX-V. The
company was founded to leverage the current market conditions and build a portfolio of economic copper projects through a
combination of exploration, mergers and acquisitions by utilizing the considerable experience and success of management and
directors of the company.
About Gold Mountain Mining Corporation
Gold Mountain is a public resource company managed by an experienced team of professionals with a solid track record of
exploration, development and operational success. The company owns 100% of the 16,700 hectare Elk Gold property located in
Southern British Columbia, which it intends to develop into a precious metal producer, and is also seeking additional near term
production assets to further build shareholder value.
About Anthem United Inc.
Anthem is focused on building a precious metals producing company through the acquisition and development of silver and gold
mineral assets. The company is currently advancing the operation of the 350 tonne per day Koricancha Mill in Peru, in which
it owns a 75% interest as well as an 8% cost of sales royalty payable to Anthem. The company's joint venture partner, EMC Green
Group S.A., owns the remaining 25% and is the operator of the Koricancha Mill. The Koricancha Mill produces gold for its own
account by processing gold-bearing material purchased from small scale and artisanal miners in Peru.
Neither 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.
Cautionary Note Regarding Forward-Looking Statements
This release and the Joint Circular contain certain "forward-looking statements" and certain "forward-looking information" as
defined under applicable laws. Forward-looking statements can generally be identified by the use of forward-looking terminology
such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology.
Forward-looking statements include, but are not limited to, statements relating to the benefits of the Transaction to Lowell
Copper, Gold Mountain and Anthem and their respective shareholders, the receipt of required shareholder, court, stock exchange
and regulatory approvals for the Transaction, the ability of the parties to satisfy the conditions to, and to complete the
Transaction; the closing of the Transaction, access to capital markets of Lowell Copper, the anticipated closing of the Private
Placement (also referred to as the "Concurrent Financing") described in the Joint Circular and in certain news releases, the
anticipated size of the Private Placement, the receipt of approval from the TSX Venture Exchange, the expected use of proceeds
from the Private Placement and the anticipated closing of the Transaction.
Forward-looking statements are based on the expectations of the parties and assumptions that, while believed to be reasonable at
the time of such forecasts, are inherently subject to significant business, economic and competitive uncertainties and
contingencies. Certain of the statements made herein are forward-looking and subject to various risks and uncertainties, both
known and unknown, many of which are beyond the ability of the parties to control or predict. Known and unknown factors could
cause actual results to differ materially from those projected in the forward-looking statements. Forward-looking information is
subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements to be materially
different from those expressed or implied by such forward-looking information, and are developed based on assumptions about such
risks, uncertainties and other factors set out herein, including but not limited to completion of confirmatory due diligence,
material adverse changes in the business or operations of any of the parties, global or macroeconomic changes affecting the
parties or their business, the inherent uncertainty of operations and the potential for unexpected costs and expenses, commodity
price fluctuations, currency fluctuations, regulatory restrictions, competition, loss of key employees, and other related risks
and uncertainties related to the business or the Transaction. The parties undertake no obligation to update forward-looking
information except as required by applicable law. Such forward-looking information represents management's best judgment based on
information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.