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or Name
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CA



Canadian International Minerals Inc (2)
Symbol CIN
Shares Issued 51,042,401
Close 2016-11-18 C$ 0.02
Market Cap C$ 1,020,848
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Cdn Int'l samples up to 8.93% Cu, 0.18% Co at Tisova

2016-11-21 08:48 ET - News Release

Mr. Michael Schuss reports

CANADIAN INTERNATIONAL MINERALS INC. (TSX-V: CIN) SAMPLES UP TO 8.93% CU, 0.18% CO, 0.15% BI, 59 G/T AG, 89 G/T IN, AND 2.25 G/T AU AT TISOVA PROJECT, CZECH REPUBLIC

Canadian International Minerals Inc. has released the results of the September, 2016, due diligence and sampling program on the past-producing Tisova mine, located in the prolific Erzgebirge Ore Mountains mining district in Central Europe. The main objectives of the program were to confirm the presence of historically reported mineralization and to digitize historical data from the government archives.

A total of eight samples containing visible sulphides within phyllite were taken from dumps on the property, under the supervision of Thomas Hasek, PEng, a qualified person and director of the company. The samples were prepared and analyzed by ALS Chemex in North Vancouver.

                          TISOVA SAMPLING RESULTS

Sample       Copper    Silver    Cobalt    Bismuth     Indium      Gold
                 (%)     (g/t)     (ppm)      (ppm)      (g/t)     (g/t)

16-004        0.224      2.45       438      164.5       4.44     0.242
16-005         2.11        18       251        702       21.1     0.147
16-006         3.32      29.4     1,805      1,040       26.7      1.47
16-007         1.93      28.2      69.5      1,040       14.4     0.109
16-008        0.381      10.5       984        395       8.04     0.906
16-009         8.93      59.7       675      1,580       89.2     0.436
16-010         0.34      9.22       904        749       5.89     0.791
16-011         2.12      26.3     1,375        505       25.2      2.25
Average       2.419     22.97    812.69     771.94      24.37     0.794

The company is pleased with the results, which are consistent with historical and published reports from previous operators. Absent, however, were significant quantities of platinum group metals, which had been encountered in previous research. The company is continuing to compile the extensive amount of data that were acquired during the due diligence program and will provide an update when the process is completed. Acquisition of the Tisova concession is proceeding under a letter of intent between Canadian International and the two owners of the concession (see news release dated Aug. 3, 2016).

Background on Tisova deposit

Tisova is classified as a Besshi-type volcanogenic massive sulphide deposit. Such deposits are often large and, along with copper and cobalt, normally include other recoverable base and precious metals. While historically the deposit was mined primarily for copper, significant concentrations of other base and precious metals have also been identified, though there appears to be no mention of their recovery in any historical documents.

A historic resource was calculated on the unmined portion of the Tisova deposit by the Czechoslovak government under the Russian classification system as being C1B that was calculated by drilling and underground development (s. Henley, 2004).

This resource was reported as a preliminary reserve and was 3,553,000 tonnes of 1.04 per cent copper, 13.5 grams per tonne silver, 0.232 g/t gold and 0.019 per cent cobalt (P. Koubek, a kol. (1989): Zavererecna zprava Tisova Cu-rudy, predbezy pruzkum, R.D. Pribram). (The reader is reminded that this represents historic data and is from a source the writer believes to be reliable but does not conform to National Instrument 43-101 reporting standards and should not be relied upon.)

The mineralized bodies at Tisova were concentrated in the three horizons: lower, central and upper. The lower was the most continuous and the central was economically most important. The known length of the lower horizon reaches 1,000 metres, of which 450 m have been accessed by Helena mine. The mineralized zones are present in forms of irregular layers and lenses of variable size, with typical grades of 0.8 per cent Cu. The average thickness of lenses at the central horizon ranged two to six m, occasionally swelling to 10 m, and exceptionally up to 30 m, with a length of 100 to 150 m and downdip extent of several hundred metres.

Two stages of drilling exploration took place at Tisova in the 1950s and 1960s, with more than 100 drill holes having been completed by Czechoslovak state mining companies. Drill logs exist, but under the then current technical parameters all core was consumed in assaying. The majority of core was only assayed for copper.

Postwar exploration and development at Tisova prior to the Velvet Revolution (1948 to 1989) were typically dictated by strategic, political and military considerations rather than the strictly economic constraints that provide parameters for Western style of exploration and development. The geological model was not fully understood and different criteria guided the exploration priorities. An exploration program in the central and southern zone of the deposit was executed between 1971 and 1989, verifying mineralization down to the level of 400 m below surface (level 9 of Helena shaft). Mining was not resumed and the mine was left to flood.

The main ore minerals at Tisova are predominantly chalcopyrite, pyrrhotite and pyrite, generally accompanied by arsenopyrite, magnetite, sphalerite, bismuth, bismutite, jamesonite, ullmannite, colbaltite and electrum (Pertold et al., 1994).

Qualified person

The technical data in this news release have been reviewed by Thomas Hasek, PEng, a qualified person under the provisions of National Instrument 43-101.

We seek Safe Harbor.

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