OAKVILLE, ONTARIO--(Marketwired - Oct. 27, 2016) - Giyani Gold Corp. (TSX
VENTURE:WDG)(FRANKFURT:KT9)(JSE:GIY) ("Giyani") is pleased to announce that it has entered into a non-binding Letter of Intent
with Arnoldus Brand director and owner of Matsamo Gold Corp Pty Ltd, Menzi Battery Metals Pty Ltd and Qakaza Diamond Corp Pty Ltd
to acquire 88-95% interest in various prospecting licenses in Botswana that is highly prospective of manganese development. The
significant 13,283.1km2 (1,328,310 ha) land package included an application for the Kgwakgwe Hill Manganese
Mine and also surrounds Rio Tinto's recent iron ore discovery.
Mr. Parnham stated, "This acquisition positions Giyani with a world class manganese project far ahead of the curve
before the global market realizes this product will perform similarly to lithium with increase demand and price performance. The
location of this project has virtually untapped mineral potential within the Kalahari Manganese Field that fits well with our
corporate strategy of acquiring raw material to feed the growing battery industry. The regional scale project with proven
historical production and drill cores containing high-grade manganese all within a favourable mining jurisdiction makes this an
exceptional target to add and sustain shareholder value."
Generally, the licenses lie in the Kanye Basin in Botswana that cover magnetic high features in areas underlain by
rocks of the Transvaal Supergroup that extend north from the Griqualand West basin in South Africa. The Griqualand West
basin is host to a number of large manganese mines, which collectively comprise the Kalahari Manganese Field, located immediately
west of Hotazel in the Northern Cape province of South Africa. More than 50% of the world's
manganese resources are contained in this mineral district. The cover of Kalahari sand has historically
hampered exploration for manganese deposits in the Kalahari Manganese Field and Giyani believes that the prospective
stratigraphy in southern Botswana was likely to be similarly covered by thick sand. Sand cover has restricted
exploration to some degree, but tools such as airborne geophysics, Landsat imagery, and borehole data will complete a compilation
to guide future exploration.
Under the terms of the agreements, collectively Giyani will make cash payments totalling C$550,000 and issue 4.4
million common shares.
Although there are no guarantees, Giyani is pursuing a number of additional opportunities by applications, joint
ventures or straight purchase that will dramatically increase its presence in creating a metals company that feeds raw materials
to the battery industry.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this news release.
On behalf of the Board of Directors of Giyani Gold Corp.
Duane Parnham, Executive Chairman
Forward-Looking Statements
This news release may contain forward-looking statements including but not limited to comments regarding the timing
and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and
uncertainties. Actual results may differ materially from those currently anticipated in such statements.