Secova Metals Consolidates Significant Land Package in Quebec's Abitibi Gold Belt Region

VANCOUVER, BC--(Marketwired - May 12, 2016) - Secova Metals Corp. ("Secova" or the "Company") (TSX VENTURE: SEK) is pleased to announce that it has reached an agreement with Globex Mining Enterprises Inc. (TSX: GMX) (FRANKFURT: G1M) (OTCQX: GLBXF) to acquire a 100% interest in 69 claims of property know as "The Chenier Claims," which are adjacent to the Company's current Duvay property holdings (the "Transaction"). The acquisition will result in Secova having one contiguous parcel of land comprising over 7,065 hectares (17,458 acres) in the prolific gold region of the Abitibi belt in Quebec. Once completed, the land acquisition will increase the size of Secova's project by two-thirds. More importantly, it ties together all of Secova's claims into one complete package.

"This acquisition clearly demonstrates Secova's plans to become one of the premier junior gold companies in the Abitibi gold belt of Quebec," stated Brad Kitchen, CEO of Secova. "Work on our Duvay claims is progressing well and the acquisition of this new ground gives us a significant footprint and the opportunity to develop all the gold resources in the area without concern for extending deposits onto neighbouring claim owners."

Secova has entered into an agreement to acquire the 69 claims covering 2,793 hectares (6,901 acres) for a total contiguous land package of 174 claims over 7,065 hectares (17,458 acres). The 69 acquired claims include the Grenadier West gold showing, which could be geologically related to Duvay's gold structures. Grenadier West is located approximately one kilometre (0.62 miles) southeast of the original Duvay discovery. The Chenier Claims also include two claims just north of the original Duvay discovery where some of Duvay's gold-bearing structures continue.

The Duvay property is accessible by paved highway (Route 395) and located 17 kilometres (10.5 miles) from the centre of the town of Amos, Quebec, and less than a one-hour hour drive from Val d'Or. The property is serviced with both power and telephone line for internet coverage and has a large, all-season building that serves as both a core shack and houses a small gravity mill.

The new claims were acquired from Globex Mining Enterprises Inc. in exchange for a $100,000 payment in cash or cash equivalent and 1.0 million shares of the Company, subject to a regulatory hold of four months and one day upon TSX Venture Exchange (the "Exchange") approval of the Transaction. The claims also have a 1.8% net smelter return (NSR), which can be purchased at any time for $350,000, and a 1.5% gross metal royalty (GMR), for which Secova has the right of first refusal to purchase.