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File: DIG AnnOct 13 15-2.docx
TSX Venture Symbol: DIG.H
October 13, 2015
PRESS RELEASE - UPDATE
Calgary, Alberta - Digger Resources Inc. ("DIG" or the "Company") would like to update shareholders on the status of d
--->iscussions with KAID Investment Group ("KAID") and KAUST University Innovation Centre ("KAUST") in connection with a p
--->roposed joint venture concerning the use of DIG's High Definition Reservoir Geochemistry ("HDRG") technology. That whi
--->lst negotiations with KAID and KAUST continued subsequent to the Company's press release of June 26, 2015 DIG announce
--->s today that those negotiations related to a proposed joint venture with KAID and KAUST have been abandoned on account
---> of the parties being unable to reach consensus on formal agreement terms, including a proposed non-refundable payment
---> to be made to DIG to be used by the Company to underwrite the cost of its ongoing operations and to meet DIG's obliga
--->tions as a quoted company.
As earlier reported DIG's ability to continue as a going concern is dependent on the Company successfully marketing it
--->s HDRG technology, obtaining financing from related and third parties and contracting future revenue through HDRG surv
--->eys. The Company is still looking for external markets for its HDRG technology and is currently investigating sources
--->of financing. Given the current negative oil and gas exploration environment DIG is also pursuing other corporate tran
--->sactions that could see the Company used as a start-up or for a go-public vehicle.
The Company is a reporting issuer in Alberta and British Columbia and trades on the NEX board of the TSX Venture Excha
--->nge under the symbol "DIG.H". DIG currently has 11,349,035 fully issued and outstanding common shares and 950,000 opti
--->ons that are all vested and outstanding. Additional information regarding DIG is available under the Company's profile
---> at www.sedar.com or at the Company's website at www.diggerresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF DIGGER RESOURCES INC.
"Norman Bradford Yeo"
Norman Bradford Yeo, B.A., LL.B. - Director
For further information, please contact info@diggerresources.com or:
Norman B. Yeo @ Phone: 403.290.1913 | Fax: 403.261.7015
Website: www.diggerresources.com
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subj
--->ect to important risks, uncertainties and assumptions. This forward-looking information includes, among other things,
--->information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions, inclu
--->ding the listing and trading of the Company's common shares on the TSX Venture Exchange. The words "may", "could", "sh
--->ould", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and si
--->milar words and expressions are used to identify forward-looking information. The forward-looking information in this
--->news release describes the Company's expectations as of the date of this news release. The results or events anticipa
--->ted or predicted in such forward-looking information may differ materially from actual results or events. Material fac
--->tors which could cause actual results or events to differ materially from such forward- looking information include, a
--->mong others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, to obtain c
--->apital and credit and to protect its property rights.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's for
--->ward-looking information to make decisions, investors and others should carefully consider the foregoing factors and o
--->ther uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It
--->has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking i
--->nformation to differ materially from actual results or events. However, the list of these factors is not exhaustive an
--->d is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such ite
--->ms or factors.
"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 release."
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