Crystal Lake Announces Acquisition of Property 6
NEWS RELEASE
February 6, 2017 Symbol:-TSX-V: CLM CRYSTAL LAKE ANNOUNCES ACQUISITION OF PROPERTY 6
Crystal Lake Mining Corporation (the “Company”) announces that pursuant to a right of first refusal, it has entered into a purchase agreement dated January 20, 2017, with Emerald Lake Development Corporation (“ELD”). The purchase agreement will allow the Company to buy a one hundred (100%) percent interest in the mineral rights hosted by the property known as Property #6 near Emo, Ontario
The prospective property is in the Kingsford Tsp. (Claim #K 4273688), and is comprised of 12 units (192 Ha). The claims are located 0.8 km east of the recently optioned Mather claims and approximately 2 kms north of the E - W trending Quetico Fault, which is approximately 11 kms East of Nugold
In order to complete the purchase, the Company will issue 2,000,000 Common shares to ELD. A royalty consisting of 3% of net smelter returns shall be payable to ELD upon the commencement of commercial production.
The acquisition remains subject to TSX-V Approval.
About the Company
Crystal Lake Mining Corporation is a mineral exploration company focused on creating value through the exploration and development of its British Columbia and it growing portfolio of Ontario mineral properties
On behalf of The Board of Directors
Wally Boguski
President & CEO, Crystal Lake Mining Corporation
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Crystal Lake Mining Corporation which may cause actual results, performance or achievements of Crystal Lake Mining Corporation on to be materially different from the results, performance or expectation implied by these forward looking statements.
Neither 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 press release, which has been prepared by management.
Canada: USA: 13236 Cliffstone Crt. 1021-100 Easy St. Lake Country, BC V4V 2R1 Carefree, AZ 85377 Tel: (250) 766-1517 Tel: (480) 575-1930 Fax: (250) 766-1836 Fax: (480) 488-3492 www.crystallakeminingcorp.com [email protected]