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File: PR TSXV approves Option Agreement for Porcupine Property.docx
VANITY CAPITAL INC. ANNOUNCES FILING OF FORM 43-101 TECHNICAL REPORT FOR PORCUPINE PROPERTY AND TSXV APPROVAL OF OPTION
--->AGREEMENT WITH IAMGOLD CORPORATION
Vancouver, British Columbia, November 28, 2016 - Vanity Capital Inc. (TSX Venture: VYC) ("Vanity") is pleased to announc
--->e that it has satisfied the TSX Venture Exchange's (the "Exchange") conditions for approval of Vanity's previously annou
--->nced option agreement with IAMGOLD Corporation ("IAMGOLD") providing for an option (the "Option") to acquire a 100% inte
--->rest in IAMGOLD's Porcupine Property in the Duparquet Township area of Quebec (the "Property"), as previously announced
--->August 19, 2016.
Vanity is also pleased to announce that it has filed a National Instrument 43-101 Standards of Disclosure for Mineral Pr
--->ojects ("NI 43-101") compliant technical report in respect of the Property which is available on SEDAR at www.sedar.com.
Under the terms of the Option, Vanity will earn a 100% interest in the property after spending a minimum of one-million
--->five hundred thousand ($1,500,000) on exploration expenditures, which is to include the completion of a minimum 5,000 me
--->tres of diamond drilling on the property, within twenty-four (24) months of the Option. The Option is also subject to Va
--->nity entering into an agreement to acquire an interest in an adjacent property. Upon Vanity vesting its interest, IAMGO
--->LD would retain a 2% net smelter royalty.
The Option also provides Vanity with the right to renegotiate a pre-existing net smelter royalty of 3% held by certain t
Vanity has agreed to pay a cash finder's fee to Loewen, Ondaatje, McCutcheon Limited in connection with the Option. $5,0
--->00 is to be paid on approval of the TSX Venture Exchange and an additional $10,000 on Vanity completing its required exp
--->loration expenditures under the Option.
The Porcupine Property consists of ten (10) contiguous patented claims covering approximately 153 hectares located in th
--->e Duparquet Township area of Quebec.
The technical report filed today has been prepared in accordance with NI 43-101 on the Property (the "Report"). The Rep
--->ort dated September 18, 2016 is entitled "NI 43-101Technical Report Porcupine Property Duparquet Twp., Quebec, for Vanit
--->y Capital Inc." was prepared by Russell Crosby, M.Sc., P.Geo., an independent "Qualified Person" (as that term is define
--->d in NI 43-101), of New Maryland, New Brunswick.
The Report is available for review on SEDAR (www.sedar.com).
The scientific and technical content and interpretations contained in this news release have been reviewed, verified and
---> approved by John Archibald, A.P.G.O., P.Geo., a Qualified Person as defined by NI 43-101.
ABOUT VANITY CAPITAL INC.
Vanity is a Vancouver junior exploration company. It is Vanity's intent to advance the Porcupine Property as quickly as
--->possible. Vanity is reviewing other potential property acquisitions and opportunities with a specific focus on mineral
--->properties in Quebec.
For further information, contact Mr. Harry Miller, CEO at:
Telephone: (425) 453-0355
Some statements contained in this news release are forward-looking statements. These statements generally are identifie
--->d by words such as the Company "believes", "expects", and similar language, or convey estimates and statements that desc
--->ribe the Company's future plans, objectives or goals. Since forward-looking statements are based on assumptions and addr
--->ess future events and conditions, by their very nature they involve inherent risks and uncertainties. Further informatio
--->n regarding risks and uncertainties which may cause results to differ materially from those projected in forward-looking
---> statements, are included in filings by the Company with securities regulatory authorities. Readers are cautioned not to
---> place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company does not unde
--->rtake to update any forward-looking statement that may be made from time to time except in accordance with applicable se
--->curities laws. References may be made in press releases to historic mineral resource estimates. None of these are NI 43-
--->101 compliant and a qualified person has not done sufficient work to classify these historic estimates as a current mine
--->ral resource. They should not be relied upon and Vanity does not treat them as current mineral resources.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ve
--->nture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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