Nadina
Subject: New Nadina news release
PLAIN TEXT:
News Release
FINANCING ANNOUNCED TO DRILL SILVER QUEEN
June 20, 2017 GREENWOOD, BRITISH COLUMBIA { –} New Nadina Explorations Limited
(TSX VENTURE: NNA) is pleased to announce progress on its 100% owned Silver
Queen property south of Houston BC near Owen Lake. A 5-8,000 meter drill
program in the north west section of the Itsit Copper Molybdenum Gold
Porphyry will extend strike and depth of previous intercepts of high grade
silver in the NG3 Vein and test two additional targets. (NR May 24, 2017)
One target located just beyond the high grade silver veins. is of coincident
high chargeability and low resistivity. Certain drill holes testing the
epithermal high grade silver veins will be extended (deepened) to test this
target. The second target (blue) is a deep, large, very conductive
geophysical anomaly to the northwest of the NG3 vein system could indicate
massive sulphides and will be tested by a single drill hole.
The circled area shows the two set-up sites. The No3 Vein system west of the
porphyry striking northwest carries gold, silver, lead and zinc and is not
epithermal appearing as seen within the porphyry to the east.
2017Jun5looking dwn on anom-SH-merged-circled
Intercepts of drill hole 12S-05 will be tested by 10-12 drill holes
extending a 250m area by the upcoming drill program. Drilling which would
be directed towards proving a resource estimate.
12S-05 AZ (UTM): 303degree Inclination: -65.2degree Hole Depth: 777m
Depth
(m)
True width (m)
Silver (g/t)
Gold
(g/t)
Copper (%)
Lead
(%)
Zinc
(%)
332.5 to 338.0
2.2
1,580.8
3.15
1.25
0.90
0.48
410.5 to 419.75
3.70
166.6
2.3
0.26
0.22
0.90
The drill program will commence September 1 and expected to take 8-10 weeks.
Previous porphyry drilling resulted in excellent per day footages. The
program will terminate to allow reclamation prior to snow fall. The site has
good year round access with full core logging and sampling facilities.
James Hutter, PGeo., a qualified person as defined under National Instrument
43-101, has reviewed and approved the technical content of this release.
Private Placement
New Nadina is also pleased to announce a non-brokered private placement of
6,000,000 units at a price of $0.08 cents per unit for gross proceeds of
$480,000. The units of the financing will comprise of one common share and a
full share purchase warrant, exercisable for a period of five years at a
price of $0.12 per share. The term of the warrants may be accelerated in the
event that the issuer's shares trade at or above a price of $0.15 cents per
share for a period of ten (10) consecutive trading days. In such case of
accelerated warrants, the issuer shall give notice by way of a news release
to the subscribers that the warrants will expire thirty (30) days from the
date of providing such notice.
Directors, officers or other insiders of the Company may participate in the
foregoing offerings, and such parties may sell securities of the Company
owned or controlled by them personally through the facilities of the TSX
Venture Exchange to finance participation in such offerings. The Company
will make available a portion of the offering to existing shareholders using
provisions of the Canadian existing security holder exemption pursuant to
Multilateral CSA Notice 45-313 { –} Prospectus Exemption for Distributions to
Existing Security Holders ("CSA 45-313") and the corresponding blanket
orders and rules implementing CSA 45-313 in the participating jurisdictions
in respect thereof (collectively with CSA 45-313, the "Existing Security
Holder Exemption").
The Offering shall include two parts, a private placement to existing
shareholders (the "Existing Shareholder Private Placement" and a
non-brokered private placement to all other eligible investors in accordance
with applicable TSX Venture Exchange rules and securities laws (the
"Concurrent Offering").
Certain subscribers under the foregoing offerings may be participating
through an exemption contained in Multilateral CSA Notice 45-313 and the
various corresponding blanket orders and rules of participating
jurisdictions (the "Existing Shareholder Exemption") or Multilateral CSA
Notice 45-318 and various blanket orders and rules of participating
jurisdictions (the "Investor Dealer Exemption").
For subscribers utilizing the Existing Shareholder Exemption, the Offering
is available to all shareholders of the Company as at June 19, 2017 (the
"Record Date") (and still are shareholders) who are eligible to participate
under the Existing Shareholder Exemption. Any person who becomes a
shareholder of the Company after the Record Date is not permitted to
participate in the offerings using the Existing Shareholder Exemption but
other exemptions may still be available to them. Shareholders who became
shareholders after the record date should consult their professional
advisors when completing their subscription form to ensure that they use the
correct exemption.
There are conditions and restrictions when relying upon the Existing
Shareholder Exemption, namely, the subscriber must: a) be a shareholder of
the Company on the Record Date (and still are a shareholder), b) be
purchasing the Units as a principal, i.e. for their own account and not for
any other party, and c) may not purchase more than $15,000 value of
securities from the Company in any twelve month period. There is one
exception to the $15,000 subscription limit. In the event that a subscriber
wants to purchase more than $15,000 value of securities then they may do so
provided they have first received 'suitability advice' from a registered
investment dealer and, in this case, subscribers will be asked to confirm
the registered investment dealer's identity and employer.
If an offering is over-subscribed, it is possible that a shareholder's
subscription may not be accepted by the Company even though it is received.
Additionally, in the event of an imbalance of large subscriptions compared
to smaller subscriptions management of the Company reserves the right in its
discretion to reduce large subscriptions in favour of smaller shareholder
subscriptions.
If an offering is not fully subscribed or the over-allotment option is not
fully exercised, then management of the Company will determine the
allocation of net proceeds amongst the above purposes in the best interests
of the Company. There may be circumstances however, where, for sound
business reasons, a reallocation of funds may be necessary.
Subscribers utilizing the Existing Shareholder Exemption must reside in one
of the following jurisdictions: Alberta, British Columbia, Manitoba, New
Brunswick, Ontario, Nova Scotia, Northwest Territories, Prince Edward
Island, Quebec, Saskatchewan and Yukon. Shareholders resident in
Newfoundland and Labrador are not permitted to participate in the Offering
under the Existing Shareholder Exemption. Existing shareholders resident in
countries other than Canada will need to meet local jurisdiction
requirements to participate.
Subscribers implementing the Investor Dealer Exemption must reside in one of
the following jurisdictions: Alberta, British Columbia, Manitoba, New
Brunswick and Saskatchewan. Subscribers resident in Ontario, Newfoundland
and Labrador, Northwest Territories, Nova Scotia, Prince Edward Island,
Quebec and Yukon are not permitted to participate in the Offering under the
Existing Shareholder Exemption. Subscribers resident in countries other than
Canada will need to meet local jurisdiction requirements to participate.
There is no material fact or material change of the Company that has not
been generally disclosed. The securities issued pursuant to the Offering
will be subject to statutory hold periods.
Assuming the entire Offering is fully subscribed, the Company intends to
allocate the net proceeds towards exploration drilling of the Silver Queen
property. While the Company currently anticipates that it will use the net
proceeds as describe, it may re-allocate the gross proceeds from time to
time depending upon the Company's growth strategy relative to market and
other conditions in effect at that time.
A finder's fee may be paid in cash, share purchase warrants or a combination
of both to eligible finders in accordance to the TSX-V policies. All
securities issued pursuant to the offering will be subject to a hold period
of four months and one day from the date of closing. The offering and
payment of finders' fees are both subject to approval by the TSX-V.
ON BEHALF OF THE BOARD
"Signed"
Ellen Clements,
President and Chief Executive Officer
Visit <http://www.nadina.com/> www.nadina.com
Contact Ellen Clements: 1 (250) 444-1005, or email
<mailto:nadina2005@shaw.ca> nadina2005@shaw.ca
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains certain "forward-looking information" within the
meaning of Canadian securities laws. Actual results may differ materially
from those indicated by such forward-looking information. All information
included herein, other than statements of historical fact, including,
without limitation, information regarding future production, is considered
forward-looking information and involves various risks and uncertainties.
There can be no assurance that the forward-looking information will prove to
be accurate, as actual results and future events could differ materially
from those anticipated in such information. 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.
"Neither the 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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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoN
--->ormal style='margin-right:37.8pt;text-align:justify'>News Release<o:p></o:p></p><p class=MsoNormal style='text-align:j
--->ustify'><b><o:p> </o:p></b></p><p class=MsoNormal align=center style='text-align:center'><b><u>FINANCING ANNOUNCE
--->D TO DRILL SILVER QUEEN<o:p></o:p></u></b></p><p class=MsoNormal style='text-align:justify'><b><o:p> </o:p></b></
--->p><p class=MsoNormal style='text-align:justify'><b><span style='font-size:6.0pt'><o:p> </o:p></span></b></p><p cl
--->ass=MsoNormal style='text-align:justify'><b>June 20, 2017</b> GREENWOOD, BRITISH COLUMBIA - New Nadina Explorations Li
--->mited (TSX VENTURE: NNA) is pleased to announce progress on its 100% owned Silver Queen property south of Houston BC n
--->ear Owen Lake. A 5-8,000 meter drill program in the north west section of the Itsit Copper Molybdenum Gold Porphyry wi
--->ll extend strike and depth of previous intercepts of high grade silver{� �} in the NG3 Vein and test two additi
--->onal targets. (NR May 24, 2017) <o:p></o:p></p><p class=MsoNormal style='text-align:justify'><span style='font-size:9.
--->0pt'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify'>One target located just beyond the high
---> grade silver veins. is of coincident high chargeability and low resistivity.{� �} Certain drill holes testing
--->the epithermal high grade silver veins will be extended (deepened) to test this target.{� �} The second target
--->(blue) is a deep, large, very conductive geophysical anomaly to the northwest of the NG3 vein system could indicate ma
--->ssive sulphides and will be tested by a single drill hole. <o:p></o:p></p><p class=MsoNormal style='text-align:justify
--->'>The circled area shows the two set-up sites. The No3 Vein system west of the porphyry striking northwest carries gol
--->d, silver, lead and zinc and is not epithermal appearing as seen within the porphyry to the east.{� �} <o:p></o
--->:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify
--->'><img width=706 height=406 id="Picture_x0020_1" src="cid:image003.jpg@01D2E9E4.A75E5C00" alt="2017Jun5looking dwn on
--->anom-SH-merged-circled"><o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=Mso
--->Normal style='text-align:justify'>Intercepts of drill hole 12S-05 will be tested by 10-12 drill holes extending a 250m
---> area by the upcoming drill program.{� �} Drilling which would be directed towards proving a resource estimate.
---><span style='font-size:11.0pt'> </span>{� �}<o:p></o:p></p><p class=MsoNormal style='text-align:justify'><b><sp
--->an style='font-size:11.0pt'>12S-05</span></b><span style='font-size:11.0pt'>{� �}{� �} <b>AZ (UTM):{� &#
--->65533;} 303{� �}{� �}{� �} Inclination:{� �} -65.2{� �}{� �}{� �} Hol
--->e Depth:{� �} 777m<o:p></o:p></b></span></p><table class=MsoTableGrid border=1 cellspacing=0 cellpadding=0 styl
--->e='margin-left:5.4pt;border-collapse:collapse;border:none'><tr><td width=139 valign=top style='width:1.45in;border:sol
--->id windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal align=center style='text-align:center'><b><span st
--->yle='font-size:11.0pt'>Depth<o:p></o:p></span></b></p><p class=MsoNormal align=center style='text-align:center'><b><sp
--->an style='font-size:11.0pt'>(m)<o:p></o:p></span></b></p></td><td width=89 valign=top style='width:66.6pt;border:solid
---> windowtext 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal align=center style='text-align:cent
--->er'><b><span style='font-size:11.0pt'>True width (m)<o:p></o:p></span></b></p></td><td width=84 valign=top style='widt
--->h:63.0pt;border:solid windowtext 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal align=center s
--->tyle='margin-right:11.2pt;text-align:center'><b><span style='font-size:11.0pt'>Silver (g/t)<o:p></o:p></span></b></p><
--->/td><td width=84 valign=top style='width:63.0pt;border:solid windowtext 1.0pt;border-left:none;padding:0in 5.4pt 0in 5
--->.4pt'><p class=MsoNormal align=center style='text-align:center'><b><span style='font-size:11.0pt'>Gold <o:p></o:p></sp
--->an></b></p><p class=MsoNormal align=center style='text-align:center'><b><span style='font-size:11.0pt'>(g/t)<o:p></o:p
--->></span></b></p></td><td width=84 valign=top style='width:63.0pt;border:solid windowtext 1.0pt;border-left:none;paddin
--->g:0in 5.4pt 0in 5.4pt'><p class=MsoNormal align=center style='text-align:center'><b><span style='font-size:11.0pt'>Cop
--->per (%)<o:p></o:p></span></b></p></td><td width=86 valign=top style='width:.9in;border:solid windowtext 1.0pt;border-l
--->eft:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal align=center style='text-align:center'><b><span style='font-s
--->ize:11.0pt'>Lead <o:p></o:p></span></b></p><p class=MsoNormal align=center style='text-align:center'><b><span style='f
--->ont-size:11.0pt'>{� �}(%)<o:p></o:p></span></b></p></td><td width=82 valign=top style='width:.85in;border:solid
---> windowtext 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal align=center style='text-align:cent
--->er'><b><span style='font-size:11.0pt'>Zinc<o:p></o:p></span></b></p><p class=MsoNormal align=center style='text-align:
--->center'><b><span style='font-size:11.0pt'> (%)<o:p></o:p></span></b></p></td></tr><tr><td width=139 valign=top style='
--->width:1.45in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='text
--->-align:justify'><span style='font-size:11.0pt'>332.5 to 338.0<o:p></o:p></span></p></td><td width=89 valign=top style=
--->'width:66.6pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0p
--->t;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:14.8pt;text-align:justify'><span style='font-size
--->:11.0pt'>2.2<o:p></o:p></span></p></td><td width=84 valign=top style='width:63.0pt;border-top:none;border-left:none;bo
--->rder-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal
---> style='margin-left:.05in;text-align:justify'><span style='font-size:11.0pt'>1,580.8<o:p></o:p></span></p></td><td wid
--->th=84 valign=top style='width:63.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-righ
--->t:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:11.2pt;text-align:justify'
--->><span style='font-size:11.0pt'>3.15<o:p></o:p></span></p></td><td width=84 valign=top style='width:63.0pt;border-top:
--->none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5
--->.4pt'><p class=MsoNormal style='margin-left:11.2pt;text-align:justify'><span style='font-size:11.0pt'>1.25<o:p></o:p><
--->/span></p></td><td width=86 valign=top style='width:.9in;border-top:none;border-left:none;border-bottom:solid windowte
--->xt 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:12.6pt
--->;text-align:justify'><span style='font-size:11.0pt'>0.90<o:p></o:p></span></p></td><td width=82 valign=top style='widt
--->h:.85in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padd
--->ing:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:9.4pt;text-align:justify'><span style='font-size:11.0pt
--->'>0.48<o:p></o:p></span></p></td></tr><tr><td width=139 valign=top style='width:1.45in;border:solid windowtext 1.0pt;b
--->order-top:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='text-align:justify'><span style='font-size:11.0p
--->t'>410.5 to 419.75<o:p></o:p></span></p></td><td width=89 valign=top style='width:66.6pt;border-top:none;border-left:n
--->one;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'><p class=Mso
--->Normal style='margin-left:14.8pt;text-align:justify'><span style='font-size:11.0pt'>3.70<o:p></o:p></span></p></td><td
---> width=84 valign=top style='width:63.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-
--->right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:.05in;text-align:justi
--->fy'><span style='font-size:11.0pt'>166.6<o:p></o:p></span></p></td><td width=84 valign=top style='width:63.0pt;border-
--->top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0
--->in 5.4pt'><p class=MsoNormal style='margin-left:11.2pt;text-align:justify'><span style='font-size:11.0pt'>2.3<o:p></o:
--->p></span></p></td><td width=84 valign=top style='width:63.0pt;border-top:none;border-left:none;border-bottom:solid win
--->dowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:1
--->1.2pt;text-align:justify'><span style='font-size:11.0pt'>0.26<o:p></o:p></span></p></td><td width=86 valign=top style=
--->'width:.9in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
--->padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><span style='font-size:1
--->1.0pt'>0.22<o:p></o:p></span></p></td><td width=82 valign=top style='width:.85in;border-top:none;border-left:none;bord
--->er-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal s
--->tyle='margin-left:9.4pt;text-align:justify'><span style='font-size:11.0pt'>0.90<o:p></o:p></span></p></td></tr></table
--->><p class=MsoNormal style='text-align:justify'><span style='font-size:8.0pt'><o:p> </o:p></span></p><p class=MsoN
--->ormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'><span style='font-
--->size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify'>The drill program will commence
---> September 1 and expected to take 8-10 weeks. Previous porphyry drilling resulted in excellent per day footages. The p
--->rogram will terminate to allow reclamation prior to snow fall. The site has good year round access with full core logg
--->ing and sampling facilities. <o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p clas
--->s=MsoNormal style='text-align:justify'>James Hutter, PGeo., a qualified person as defined under National Instrument 43
--->-101, has reviewed and approved the technical content of this release.<o:p></o:p></p><p class=MsoNormal style='text-al
--->ign:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'><b><u>Private Placement<o:p></o:p></u>
---></b></p><p class=MsoNormal style='text-align:justify'><b><u><span style='font-size:9.0pt'><o:p><span style='text-decor
--->ation:none'> </span></o:p></span></u></b></p><p class=MsoNormal style='text-align:justify'>New Nadina is also ple
--->ased to announce a non-brokered private placement of 6,000,000 units at a price of $0.08 cents per unit for gross proc
--->eeds of $480,000. The units of the financing will comprise of one common share and a full share purchase warrant, exer
--->cisable for a period of five years at a price of $0.12 per share. The term of the warrants may be accelerated in the e
--->vent that the issuer's shares trade at or above a price of $0.15 cents per share for a period of ten (10) consecutive
--->trading days. In such case of accelerated warrants, the issuer shall give notice by way of a news release to the subsc
--->ribers that the warrants will expire thirty (30) days from the date of providing such notice. <o:p></o:p></p><p class=
--->MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>Directors, off
--->icers or other insiders of the Company may participate in the foregoing offerings, and such parties may sell securitie
--->s of the Company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance
--->participation in such offerings. The Company will make available a portion of the offering to existing shareholders us
--->ing provisions of the Canadian existing security holder exemption pursuant to Multilateral CSA Notice 45-313 - Prospec
--->tus Exemption for Distributions to Existing Security Holders ("CSA 45-313") and the corresponding blanket orders and r
--->ules implementing CSA 45-313 in the participating jurisdictions in respect thereof (collectively with CSA 45-313, the
--->"Existing Security Holder Exemption").{� �} <o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p>&
--->nbsp;</o:p></p><p class=MsoNormal style='text-align:justify'>The Offering shall include two parts, a private placement
---> to existing shareholders (the <b>"Existing Shareholder Private Placement"</b> and a non-brokered private placement to
---> all other eligible investors in accordance with applicable TSX Venture Exchange rules and securities laws (the<b> "Co
--->ncurrent Offering").</b><o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=Mso
--->Normal style='text-align:justify'>Certain subscribers under the foregoing offerings may be participating through an ex
--->emption contained in Multilateral CSA Notice 45-313 and the various corresponding blanket orders and rules of particip
--->ating jurisdictions (the "Existing Shareholder Exemption") or Multilateral CSA Notice 45-318 and various blanket order
--->s and rules of participating jurisdictions (the "Investor Dealer Exemption").{� �} <o:p></o:p></p><p class=MsoN
--->ormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>For subscribers ut
--->ilizing the Existing Shareholder Exemption, the Offering is available to all shareholders of the Company as at <b>June
---> 19, 2017 </b>(the "Record Date") (and still are shareholders) who are eligible to participate under the Existing Shar
--->eholder Exemption. Any person who becomes a shareholder of the Company after the Record Date is not permitted to parti
--->cipate in the offerings using the Existing Shareholder Exemption but other exemptions may still be available to them.
--->Shareholders who became shareholders after the record date should consult their professional advisors when completing
--->their subscription form to ensure that they use the correct exemption.<o:p></o:p></p><p class=MsoNormal style='text-al
--->ign:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>There are conditions and restrictions
--->when relying upon the Existing Shareholder Exemption, namely, the subscriber must: a) be a shareholder of the Company
--->on the Record Date (and still are a shareholder), b) be purchasing the Units as a principal, i.e. for their own accoun
--->t and not for any other party, and c) may not purchase more than $15,000 value of securities from the Company in any t
--->welve month period. There is one exception to the $15,000 subscription limit. In the event that a subscriber wants to
--->purchase more than $15,000 value of securities then they may do so provided they have first received 'suitability advi
--->ce' from a registered investment dealer and, in this case, subscribers will be asked to confirm the registered investm
--->ent dealer's identity and employer.<o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><
--->p class=MsoNormal style='text-align:justify'>If an offering is over-subscribed, it is possible that a shareholder's su
--->bscription may not be accepted by the Company even though it is received. Additionally, in the event of an imbalance o
--->f large subscriptions compared to smaller subscriptions management of the Company reserves the right in its discretion
---> to reduce large subscriptions in favour of smaller shareholder subscriptions.<o:p></o:p></p><p class=MsoNormal style=
--->'text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>If an offering is not fully su
--->bscribed or the over-allotment option is not fully exercised, then management of the Company will determine the alloca
--->tion of net proceeds amongst the above purposes in the best interests of the Company. There may be circumstances howev
--->er, where, for sound business reasons, a reallocation of funds may be necessary.<o:p></o:p></p><p class=MsoNormal styl
--->e='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>Subscribers utilizing the Ex
--->isting Shareholder Exemption must reside in one of the following jurisdictions: Alberta, British Columbia, Manitoba, N
--->ew Brunswick, Ontario, Nova Scotia, Northwest Territories, Prince Edward Island, Qu{� �}bec, Saskatchewan and Y
--->ukon. Shareholders resident in Newfoundland and Labrador are not permitted to participate in the Offering under the Ex
--->isting Shareholder Exemption. Existing shareholders resident in countries other than Canada will need to meet local ju
--->risdiction requirements to participate.<o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p><
--->/p><p class=MsoNormal style='text-align:justify'>Subscribers implementing the Investor Dealer Exemption must reside in
---> one of the following jurisdictions: Alberta, British Columbia, Manitoba, New Brunswick and Saskatchewan. Subscribers
--->resident in Ontario, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Prince Edward Island, Qu{� �
--->;}bec and Yukon are not permitted to participate in the Offering under the Existing Shareholder Exemption. Subscribers
---> resident in countries other than Canada will need to meet local jurisdiction requirements to participate.<o:p></o:p><
--->/p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>Th
--->ere is no material fact or material change of the Company that has not been generally disclosed. The securities issued
---> pursuant to the Offering will be subject to statutory hold periods. <o:p></o:p></p><p class=MsoNormal style='text-ali
--->gn:justify'><o:p> </o:p></p><p class=MsoNormal style='text-align:justify'>Assuming the entire Offering is fully s
--->ubscribed, the Company intends to allocate the net proceeds towards exploration drilling of the Silver Queen property.
---> While the Company currently anticipates that it will use the net proceeds as describe, it may re-allocate the gross p
--->roceeds from time to time depending upon the Company's growth strategy relative to market and other conditions in effe
--->ct at that time.<o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal s
--->tyle='text-align:justify'>A finder's fee may be paid in cash, share purchase warrants or a combination of both to elig
--->ible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a
--->hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both su
--->bject to approval by the TSX-V. <o:p></o:p></p><p class=MsoNormal style='text-align:justify'><o:p> </o:p></p><p c
--->lass=MsoNormal style='text-align:justify'><o:p> </o:p></p><p class=MsoNormal style='margin-right:1.8pt;text-align
--->:justify'>ON BEHALF OF THE BOARD<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:3.0pt;margin-right:38.15pt
--->;margin-bottom:3.0pt;margin-left:0in;text-align:justify'><i>"Signed"<o:p></o:p></i></p><p class=MsoNormal style='margi
--->n-right:37.8pt;text-align:justify'>Ellen Clements,<o:p></o:p></p><p class=MsoNormal style='margin-right:37.8pt;text-al
--->ign:justify'>President and Chief Executive Officer<o:p></o:p></p><p class=MsoNormal style='margin-right:37.8pt;text-al
--->ign:justify'><o:p> </o:p></p><p class=MsoNormal style='margin-right:1.8pt;text-align:justify'><span style='font-s
--->ize:11.0pt'>Visit </span><a href="http://www.nadina.com/"><span style='font-size:11.0pt'>www.nadina.com</span></a><spa
--->n style='font-size:11.0pt'><o:p></o:p></span></p><p class=MsoNormal style='margin-right:1.8pt;text-align:justify'><spa
--->n style='font-size:11.0pt'>Contact Ellen Clements: 1 (250) 444-1005,{� �} or email </span><a href="mailto:nadin
--->a2005@shaw.ca"><span style='font-size:11.0pt'>nadina2005@shaw.ca</span></a><span style='font-size:11.0pt'><o:p></o:p><
--->/span></p><p class=MsoNormal style='margin-right:37.8pt;text-align:justify'><span style='font-size:8.0pt'><o:p> <
--->/o:p></span></p><p class=MsoNormal style='margin-right:19.8pt'><b><span lang=EN style='font-size:10.0pt'>CAUTIONARY NO
--->TE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION<o:p></o:p></span></b></p><p class=MsoNormal style='margin-righ
--->t:1.8pt;text-align:justify'><span lang=EN style='font-size:9.0pt'>This news release contains certain "forward-loo
--->king information" within the meaning of Canadian securities laws. Actual results may differ materially from those
---> indicated by such forward-looking information. All information included herein, other than statements of historical f
--->act, including, without limitation, information regarding future production, is considered forward-looking information
---> and involves various risks and uncertainties. There can be no assurance that the forward-looking information will pro
--->ve to be accurate, as actual results and future events could differ materially from those anticipated in such informat
--->ion. 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.<o:p></o:p></span></p><p cl
--->ass=MsoNormal style='margin-right:1.8pt;text-align:justify'><span lang=EN style='font-size:9.0pt'><o:p> </o:p></s
--->pan></p><p class=MsoNormal style='margin-right:1.8pt;text-align:justify'><span style='font-size:9.0pt'>"</span><span l
--->ang=EN style='font-size:9.0pt'>Neither</span><span style='font-size:9.0pt'> the TSX Venture Exchange nor its Regulatio
--->n Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for t
--->he adequacy or accuracy of this release."</span><span style='font-size:11.0pt'><o:p></o:p></span></p><p class=MsoNorma
--->l><span style='font-size:11.0pt;font-family:"Courier New";color:blue'><o:p> </o:p></span></p></div></body></html>
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