Camrova Resources Provides Chilean Investment Update
VANCOUVER, BC --(Marketwired - June 13, 2017) - Camrova
Resources Inc., (the "Company") (TSX VENTURE: CAV) (OTCQB:
BAJFF) is pleased to report that Camrova management, Tom Ogryzlo (Interim CEO) and Nigel Kirkwood (CFO), recently visited
Chile to meet with Gubier Marambio H. SpA ("GMH") and Metalex Ltda ("Metalex") to determine if
a final agreement could be reached in connection with the binding letter of intent entered into between the parties on February
1, 2017. It was determined by Camrova management that a final agreement that would meet Camrova's investment objectives could not
be reached and the parties have agreed to formally terminate their discussions relating to the Virginia Project.
However, Camrova has decided to continue pursuing the concepts similar to those which comprise the Virginia
Project. Camrova is engaged in discussions with an additional party, that owns a small-scale plant producing copper concentrate
and pregnant leach solution (PLS) in Copiapó, Chile. Both Metalex and GMH are participating in these discussions, which have as a
short term objective the creation of a small-scale copper cathode producer. The parties are discussing the formation of an entity
that would initially produce approximately 30 tonnes per month of copper cathode using existing PLS solutions and the
electowinning equipment of Metalex. Camrova would provide working and investment capital and technical expertise to support the
start-up, and the planned expansion of cathode production to approximately 100 tonnes per month within 12 – 18 months of the
initial start-up.
Camrova is currently working with its engineering advisers to further define the project concepts and
continues its discussions with its potential partners in Chile. The Company would anticipate providing a further update when an
agreement in principle may be reached among the parties.
For further information, please contact Camrova's Interim CEO Tom Ogryzlo at 604‐685‐2323 or via email at
info@camrovaresources.com.
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 press release contains forward-looking
statements or forward-looking information (forward-looking statements). These statements can be identified by expressions of
belief, expectation or intention, as well as those statements that are not historical fact. Forward-looking statements involve a
number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those
expressed or implied by the forward-looking statements. Forward-looking statements contained in this press release are based on
our current estimates, expectations and projections, which the Company believes are reasonable as of the current date. Actual
results could differ materially from those anticipated or implied in the forward-looking statements and as a result
undue reliance should not be placed on forward-looking statements. Additional risks and uncertainties can be found in
the Company's (formerly "Baja Mining Corp.") reporting documents filed on SEDAR ( www.sedar.com ), including its Management Discussion and Analysis. Forward-looking
statements are given only as at the date of this press release and the Company disclaims any obligation to update or revise the
forward-looking statements, whether as a result of new information, future events or otherwise, except as required by
law.