Received by email:
File: 2017-02-24-NR-Blackbird Creek Project.doc
NEWS RELEASE
BRAKPAN ENTERS INTO AGREEMENT TO ACQUIRE BLACKBIRD CREEK PROJECT
February 24, 2017, Vancouver, British Columbia, Canada: Brakpan Ventures Corp. (the "Company" or "Brakpan") is please
--->d to announce that it has entered into an agreement (the "Agreement") to acquire a 100% interest in the Blackbird Cree
--->k Project located in the Idaho Mineral Belt in Lehmi County, Idaho, USA (the "Property"). The claims (the "Lode Claim
--->s") are located approximately 70 kilometers Southwest from Salmon, Idaho. The 71 Lode Claims encompass approximately
--->1400 acres.
The Idaho Mineral Belt trends north-westerly through central Idaho, is approximately 48 kilometres long and 8 kilometr
--->es wide and is comprised predominantly of metamorphosed sedimentary rocks which are part of the Belt Supergroup.
Under the terms of the Agreement, to earn a 100% interest in the Property, Brakpan has agreed to pay the Vendors a $25
--->,000 deposit and the remaining $125,000 and 6,000,000 shares to the Vendors upon receipt of regulatory approval. The
--->Vendors will receive a 2.0% Net Smelter Return (the "NSR"). The Purchaser may at any time acquire 1.0% of the NSR fro
--->m Vendors in accordance with the NSR acquisition terms in the Agreement).
The above agreement is subject to regulatory approval.
The Company also wishes to announce the appointment of Paul J. DesLauriers as Director of the Company. Mr. Paul J. De
--->sLauriers is a Principal at Loewen Ondaatje McCutcheon Limited, a Canadian investment dealer of which he was a co-foun
--->der in 1970. He has been active in the Canadian investment industry since 1962 in research, institutional coverage an
--->d corporate finance in Toronto and Montreal. In 1986, Mr. DesLauriers was a Founder and a Partner of the Lakewood Cap
--->ital Group which had a production profile of over 7,500 BOE/PD when it was sold. In 1984, he was a Founder and a Fund
--->er of the CMP Group, which was the driver of changes in legislation which resulted in the emergence of the flow-throug
--->h financing mechanism for the resource sector in Canada. He also served as the Vice Chairman and Governor of the Mont
--->real Exchange. Mr. DesLauriers also served as a Director and Officer of the Montreal Society of Financial Analysts.
--->He served as the Chairman of the Canadian Securities Institute. Mr. DesLauriers obtained a Bachelor of Arts in Litera
--->ture and Bachelor of Commerce degree in Finance from Concordia University in 1962 and 1967 respectively.
The Company has accepted the resignation of Mr. Jim Chapman as Director effective February 24, 2017. The Board of Dir
--->ectors wishes to express its gratitude to Mr. Chapman for his contributions to the Company and to wish him well with h
--->is future endeavors.
The Company would also like to announce that it has set aside an aggregate of 500,000 incentive stock options to its D
--->irectors and Officers to purchase shares of the Company at an exercise price of $0.05 per share for a period of five y
--->ears.
On behalf of:
BRAKPAN VENTURES CORP.
"Eugene Beukman"
Eugene Beukman, President
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of t
--->he U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of his
--->torical facts, that address future production, reserve potential, exploration and development activities and events or
---> developments that the Company expects, are forward looking statements. Although management believes the expectations
--->expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees o
--->f future performance, and actual results or developments may differ materially from those in the forward-looking state
--->ments. Factors that could cause actual results to differ materially from those in forward-looking statements include m
--->arket prices, exploration and development successes, continued availability of capital and financing, and general econ
--->omic, market or business conditions. Please see our public filings at www.sedar.com for further information.
File: 2017-02-24-NR-Blackbird Creek Project.pdf
Suite 1128 T: 604-687-2038
---> CSE SYMBOL: BVC
BRAKPAN 789 West Pender Street
Vancouver, British Columbia
F: 604-687-3141
VENTURES CORP. V6C 1H2
NEWS RELEASE
BRAKPAN ENTERS INTO AGREEMENT TO ACQUIRE BLACKBIRD CREEK PROJECT
February 24, 2017, Vancouver, British Columbia, Canada: Brakpan Ventures Corp. (the "Company" or "Brakpan") is
pleased to announce that it has entered into an agreement (the "Agreement") to acquire a 100% interest in the Blackbir
--->d
Creek Project located in the Idaho Mineral Belt in Lehmi County, Idaho, USA (the "Property"). The claims (the "Lode
Claims") are located approximately 70 kilometers Southwest from Salmon, Idaho. The 71 Lode Claims encompass
approximately 1400 acres.
The Idaho Mineral Belt trends north-westerly through central Idaho, is approximately 48 kilometres long and 8 kilometr
--->es
wide and is comprised predominantly of metamorphosed sedimentary rocks which are part of the Belt Supergroup.
Under the terms of the Agreement, to earn a 100% interest in the Property, Brakpan has agreed to pay the Vendors a
$25,000 deposit and the remaining $125,000 and 6,000,000 shares to the Vendors upon receipt of regulatory approval.
The Vendors will receive a 2.0% Net Smelter Return (the "NSR"). The Purchaser may at any time acquire 1.0% of the
NSR from Vendors in accordance with the NSR acquisition terms in the Agreement).
The above agreement is subject to regulatory approval.
The Company also wishes to announce the appointment of Paul J. DesLauriers as Director of the Company. Mr. Paul J.
DesLauriers is a Principal at Loewen Ondaatje McCutcheon Limited, a Canadian investment dealer of which he was a co-
founder in 1970. He has been active in the Canadian investment industry since 1962 in research, institutional coverage
and corporate finance in Toronto and Montreal. In 1986, Mr. DesLauriers was a Founder and a Partner of the Lakewood
Capital Group which had a production profile of over 7,500 BOE/PD when it was sold. In 1984, he was a Founder and a
Funder of the CMP Group, which was the driver of changes in legislation which resulted in the emergence of the flow-
through financing mechanism for the resource sector in Canada. He also served as the Vice Chairman and Governor of
the Montreal Exchange. Mr. DesLauriers also served as a Director and Officer of the Montreal Society of Financial
Analysts. He served as the Chairman of the Canadian Securities Institute. Mr. DesLauriers obtained a Bachelor of Arts
--->in
Literature and Bachelor of Commerce degree in Finance from Concordia University in 1962 and 1967 respectively.
The Company has accepted the resignation of Mr. Jim Chapman as Director effective February 24, 2017. The Board of
Directors wishes to express its gratitude to Mr. Chapman for his contributions to the Company and to wish him well wit
--->h
his future endeavors.
The Company would also like to announce that it has set aside an aggregate of 500,000 incentive stock options to its
Directors and Officers to purchase shares of the Company at an exercise price of $0.05 per share for a period of five
years.
On behalf of:
BRAKPAN VENTURES CORP.
"Eugene Beukman"
Eugene Beukman, President
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of t
--->he U.S. Private Securities Litigation Reform Act
of 1995. All statements in this release, other than statements of historical facts, that address future production, re
--->serve potential, exploration and development activities
Brakpan Ventures Corp.
News Release
---> February 24, 2017
Page 2 of 2
and events or developments that the Company expects, are forward-looking statements. Although management believes the
--->expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and
--->actual results or developments may differ
materially from those in the forward-looking statements. Factors that could cause actual results to differ materially
--->from those in forward-looking statements include
market prices, exploration and development successes, continued availability of capital and financing, and general eco
--->nomic, market or business conditions. Please see
our public filings at www.sedar.com for further information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of t
--->he TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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