VANCOUVER, Nov. 27, 2017 /CNW/ - Resolve Ventures Inc. (TSX-V:
RSV) (the "Company") is pleased to announce that it has entered into an option agreement, where by the Company may
acquire a 100% interest in the Mary Property (the "Property") located 30 kilometres southeast of Houston, British Columbia, Canada from two arm's length vendors,.
The Property consists of 6,365 hectares and lies 1500 metres east of the New Nadina block. The underlying geology of this
claim block is Cretaceous Kaslaka Group andesitic volcanics. These rocks are overlain by Eocene Endako Group Goosley Lake
Formation alkaline volcanic rocks and Buck Creek Formation basaltic volcanics. All small plug of the Eocene Goosley plutonic
suite intrudes the Cretaceous rocks. Historic exploration on the Mary block included induced polarization surveying and follow up
percussion drilling of IP anomalies. Of the 22 percussion drill holes completed in 1985, only 9 actually reached bedrock. Four of
those intercepted anomalous pathfinder elements. The IP anomalies remain untested. (Source: BC Ministry of Mines Assessment
Reports 14346 and 15967). Resolve cautions investors that this historical exploration data has not been verified.
The Property appears to have seen additional historical exploration. Resolve's technical team will review the assessment
record of historical work on the Mary Property. Based on the findings of this review, an exploration program will be
designed to best assess and evaluate the potential.
Resolve Ventures, President and CEO Clive Massey stated: "We are very excited about the
acquisition of these claims in this emerging area play as it puts us in a position to exploit some very interesting exploration
opportunities in an area proven to be rich with mineral resources."
Property Transaction Terms:
Under the terms of the agreement, the Company can earn a 100% interest in the Property by issuing 5,000,000 common shares in
the capital of the Company upon TSX Venture Exchange ("Exchange") approval and incurring a minimum $100,000 in exploration expenditures within the first year. The vendors shall retain a 2% net smelter
returns royalty of which the Company may purchase 1% for $1,500,000.
The agreement is subject to Exchange approval. All shares issued will be subject to a four month and one day hold
period.
ABOUT RESOLVE VENTURES;
Resolve is a Vancouver based publicly listed exploration company trading on the TSX Venture
Exchange. The company is led by a highly skilled management and technical team with numerous previous successes in the junior
mining sector.
R. Tim Henneberry, P.Geo., Resolves's Geologist and a Qualified Person as defined by NI
43-101, has reviewed and approved the technical information contained in this news release.
For further information on the Company, please email cmassey@cmassey.ca
On Behalf of the Board of Directors of the Company,
Clive Massey
President, Resolve Ventures Inc.
(604) 664-6794
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their 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.
This press release contains "forward-looking information" that is based on the Company's current expectations,
estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to
the Company's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are
intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such forward-looking information. Such factors include, but are not
limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and
development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative,
environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties
or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is
not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered
carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or
obligation to update or revise forward-looking information, whether as a result of new information, future events or
otherwise.
SOURCE Resolve Ventures Inc.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/November2017/27/c8857.html