Mr. Jacques Brunelle reports

KNICK POSTS, 1951 GEORGE DUMONT REPORT ON TUNGSTEN, TRECESSON PROPERTY AREA, QUEBEC

Knick Exploration Inc. has posted on its website the 1951 George Dumont report on tungsten in the vein No. 9 area of Knick's flagship Trecesson property, Quebec.

Mr. Dumont reported in 1951 that a 13,500-pound (6,136-kilogram) bulk sample from vein No. 9 assayed 0.45 per cent tungsten trioxide and one gram per tonne gold (reference: GM4150-A). The report describes the main showing as consisting of a stringer zone 6.1 metres to 9.1 metres wide and is the southerly continuation of vein No. 9, and that six holes were drilled intersecting the No. 9 vein, and "new parallel striking veins" at vertical depths of up to 91 m (300 feet) and over a strike length of 235 m (770 feet). The 1951 report by Mr. Dumont is posted on the company's website.

Mr. Dumont, mining engineer and geologist, was inducted to the Canadian Mining Hall of Fame in 1995. His extensive career and involvement in numerous discoveries from 1937 to 1983, predominately in Northern Quebec, includes the Adelmont gold mine, the Monique gold deposit, the Louvicourt Goldfields mine, the Mid-Canada mine, the Wrightbar gold mine, the Bras d'Or mine, the Chesbar iron mine, the Quebec Explorer gold mine, East Sullivan deposit (a nickel deposit of 800 million tons of 0.4 per cent nickel which is now respectfully called the Dumont sill), a molybdenum-bismuth deposit and two lithium deposits.

In 2013 Knick completed preliminary mapping, stripping, washing and sampling on and in the area of the vein No. 9 system. The casings of holes drilled in 1951 were located along with historical pit and trench workings. Three of 10 grab samples taken by Knick from vein No. 9 to confirm historic reports of tungsten in the vein returned 0.64 per cent, 0.63 per cent and 0.55 per cent WO3. The samples were obtained from the vicinity of the 1951 bulk sample.

A second tungsten-mineralized area of veining referred to as the Scheelite vein, rediscovered by Knick in 2012 in old workings and indicated in the map included in GM04150-A, is shown as 445 feet long, up to six feet wide and having WO3 values of 0.53 per cent to 16.89 per cent (press release June 6, 2013).

A grab sample by Knick in the vicinity of vein No. 9 assayed 420.37 g/t gold (Knick press release Oct. 30, 2012) and returned 0.2 per cent WO3. The Scheelite vein area has also returned tungsten with gold as 3.2 per cent WO3 in a grab sample which assayed 51 g/t gold (press release Nov. 7, 2013).

President's comments

"Looking back at all the discoveries made by Mr. Dumont, we believe we have a fair chance at success to prove the high tungsten values in place. Among Mr. Dumont's conclusions in the 1951 report, he states that 'a fair tonnage is a certainty' (GM4150-A). Please reference the conclusions of Mr. Dumont's 1951 report for his complete recommendations.

"While most investments are made in Vietnam and South Korea, major investors are now looking west, and North America could be the next platform for tungsten, and Knick intends to be part of it," said Jacques Brunelle, president and chief executive officer.

Tungsten market news (find out more on the Mining Feeds website)

Additional data on the vein No. 9 area tungsten

A 1940 grab sample contained 2.72 per cent W, and samples collected in 1941 assayed 2.7 per cent to 27.5 per cent WO3 (MNRQ GM files). Government bulk samples in 1955 of 200 pounds and two of 500 pounds taken for metallurgic work contained 0.33 per cent, 0.35 per cent and 0.36 per cent WO3, respectively. The metallurgical work indicated positive results in producing a favourable WO3 concentrate (MNRQ GM4150-C, press release Jan. 29, 2014).

The 1955 Quebec Tungsten Ltd. report states: "Some larger-scale tests on the ore from Quebec Tungsten Ltd., for the purpose of obtaining more constant operation, a larger amount of WO3 concentrate and a procedure more nearly parallel to plant operation than could be obtained in the small-scale laboratory tests. These larger-scale tests have now been made using approximately 500 pounds of ore for each test." The objective of the test was to raise the grade of the scheelite concentrate to the acceptable figure of 60 per cent WO3 for direct sale. "This was obtained with a concentrate running 63.5 per cent WO3, but the recovery fell off. However, the middling and tailings from the cleaner table operation could be ground and retabled, and with a recovery from them of 50 per cent of the tungsten, it would bring the overall recovery close to 70 per cent" (reference MNRQ GM4150-C).

The tungsten affiliation with gold in the Trecesson batholith vein systems increases the potential of outlining economical deposits in the area.

The property is located 12 km north of the town of Amos and approximately 65 km north-northwest of Val d'Or. The Trecesson gold property is traversed by paved and all-weather gravel roads, making it accessible year-round.

Typical grades for tungsten are 0.3 per cent to 1.5 per cent tungsten WO3 for veins, lower for stockworks.

Grab samples are selective by nature and are unlikely to represent the average grade of the mineralized zone.

Samples were sent to Expert Laboratory in Rouyn-Noranda, Que., for analysis. Fire assay, multielement scan and XRF method were implemented for analysis. Standards and blanks are submitted by Knick routinely to insure quality control. Alternative laboratories are used for substantiation of results on pulps and rejects as warranted and required.

References:

(1) National Instrument 43-101 technical report pertaining to: Trecesson property, Abitibi area, Quebec, Canada, Jan. 20, 2012, updated on March 25, 2013, by Donald Theberge, Eng, MBA, available on Knick's website

(2) Knick press releases for 2012 and 2013 available in the news section on Knick's website

Gordon N. Henriksen, PGeo, vice-president of Knick Exploration, is the company's qualified person as defined by National Instrument 43-101. He has reviewed and approved the contents of this press release.

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