VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 22, 2016) - Search Minerals Inc. (TSX
VENTURE:SMY) ("Search" or the "Company") is pleased to announce that it has contracted
with NAI Interactive Ltd ("NAI") of Vancouver, BC for marketing and consulting services in the Greater China and
other Asia regions for an initial six-month term. Under the terms of the contract, these services will begin immediately and NAI
will receive a monthly retainer of $5,000 per month. The contract may be extended for an additional six months following the
initial six-month term.
Greg Andrews, President and Chief Executive Officer of the Company, states, "Search is pleased to be working with NAI to
create investor awareness to Greater China and other Asia regions. NAI will also use its network to introduce Search to potential
strategic and/or offtake partners. NAI and Pilot Communications will work closely together (see Search News Release
dated August 31, 2016) as they jointly provide investor awareness to the diverse investment communities. I will be
attending, along with Dr. David Dreisinger, a NAI hosted conference in Shenzhen, China this coming December."
Andrews further states, "Search is working diligently to complete the pilot plant testing of our proprietary Direct Extraction
Metallurgical Process and our field work continues to add strength to the concept that Fox Harbour Volcanic belt, which includes
our FOXTROT critical rare earth element resource, is indeed a District. Our business focus continues to be on leveraging
these strengths to establish alliances with a strategic partner and an offtake partner that will enable Search to move forward
with the first of what we hope will be many projects in this highly accessible region. The NAI conference provides an excellent
opportunity to build market awareness and develop business relationships in Asia. Given the experience the Asia business
community has with critical rare earth elements, we feel that this is a natural jurisdiction for finding knowledgeable alliance
partners. With completion of our pilot plant project imminent, the timing is excellent for advancing previous and new
discussions regarding separation options, funding and offtake opportunities."
NAI Interactive, established in 1998 with an office in Vancouver, and associate offices in Shanghai and Hong Kong, has a
proven track record in connecting companies with China and Asia investors globally through its online and offline
platforms. Through its NAI500 online platform, its e-mail blast service and its Global Chinese Financial Forum international
conference series, NAI connects organizations seeking access to China and Asia investors, partners, and buyers, including high
net worth individuals, private equity funds, family funds, private enterprises (publicly listed and privately owned), state owned
enterprises and financial institutions.
NAI Interactive directly owns 900,000 common shares and 900,000 warrants of Search Minerals Inc.
About Search Minerals Inc.
Led by a proven management team and board of directors, Search is focused on finding and developing resources within the
emerging Port Hope Simpson Critical Rare Earth Element (CREE) District of SE Labrador. The Company controls a belt 70 km long and
8 km wide including its 100% interest in the FOXTROT Project which is road accessible and at tidewater. Exploration efforts have
advanced "Deepwater Fox" and "Fox Meadow" as significant new CREE prospects very similar and in close proximity to the FOXTROT
discovery. While the Company has identified more than 20 other prospects in the District, its primary objective remains
development of FOXTROT by confirming proprietary processing technology at the pilot plant level (in progress) and delineation of
prospects that will ensure competitive-low cost production beyond the 14-year mine life contemplated in the preliminary economic
assessment of FOXTROT completed in April 2016. The FOXTROT Project has a low capital cost to bring the initial project into
production ($152 M), a short payback period, and is scalable due to Search's proprietary processing technology.
All material information on the Company may be found on its website at www.searchminerals.ca and on SEDAR at www.sedar.com
About CREE's
Identified as Neodymium (Nd), Europium (Eu), Terbium (Tb), Dysprosium (Dy) and Yttrium (Y) this valuable subset of the
complete series of seventeen rare earth elements is considered critical due to high demand and/or constrained domestic supply.
Containing unique properties which enhance the performance of a range of innovative technologies, CREE's are essential components
in the development of permanent magnets and a variety of other components used in renewable energy, green technology automobiles,
medical devices, electronics and agricultural production.
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.
Cautionary Statement Regarding "Forward-Looking" Information.
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the
United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein, without limitation, statements relating the future operating or financial performance of the Company, are
forward-looking statements.
Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or
results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to,
among other things, the use of proceeds of the Offering, the timing of the expected conclusion of the pilot plant and the effect
that the pilot plant will have on the Company. Actual future results may differ materially. There can be no assurance
that such statements will prove to be accurate, and actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the
statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective
parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and
contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be
materially different from the results, performance or achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation, the risk that the management of the Company may decide to use the
proceeds of the Offering in a different way and the risk that the conclusion of the pilot plant is delayed. Readers should
not place undue reliance on the forward-looking statements and information contained in this news release concerning these
times. Except as required by law, Search does not assume any obligation to update the forward-looking statements of beliefs,
opinions, projections, or other factors, should they change, except as required by law.