Lowell Copper, Gold Mountain Mining and Anthem United Provide Update on Proposed Business Combination to Create "JDL Gold Corp."

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 31, 2016) -

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Further to the news release dated August 15, 2016, Lowell Copper Ltd. ("Lowell Copper") (TSX VENTURE:JDL), Gold Mountain Mining Corporation ("Gold Mountain") (TSX VENTURE:GUM) and Anthem United Inc. ("Anthem") (TSX VENTURE:AFY) (collectively, the "Parties") are pleased to provide an update on the proposed business combination and concurrent financing to create JDL Gold Corp., a new diversified gold and copper production and development company (the "Transaction").

Name Change and Mailing of the Circular

On closing of the Transaction, the combined company will be named JDL Gold Corp. ("JDL Gold"), a financially strong, emerging gold-copper production and development company. The trading symbol on the TSX Venture Exchange will be "JDL".

The Parties have commenced mailing a joint circular (the "Joint Circular") to their respective shareholders in support of the Transaction; copies of the meeting materials are available on SEDAR under each of the Parties respective profiles. Directors of each of the companies have carefully considered and unanimously recommend that their respective shareholders vote in favour of the Transaction.

Included with the Joint Circular are the respective notices of the Annual and Special Meeting of Shareholders of Lowell Copper to be held on September 28, 2016 at 2:00 pm at 2600 - 595 Burrard Street in Vancouver, BC, the Annual and Special Meeting of Shareholders of Gold Mountain to be held on September 28, 2016 at 2:00 pm at 1700 - 700 West Pender Street in Vancouver, BC and the Special Meeting of Shareholders of Anthem to be held on September 28, 2016 at 2:00 pm at 2600 - 595 Burrard Street in Vancouver, BC.

The Transaction is expected to close in early October 2016.

Proposed Directors

As previously announced, the Parties are pleased to advise that J. David Lowell, Greg Smith, Catherine McLeod-Seltzer, Marcel de Groot and James O'Rourke will be directors of JDL Gold. In addition, Matthew Hornor will also be joining the JDL Gold board of directors upon closing of the Transaction.

Matthew Hornor graduated from the University of Virginia School of Law and received two Japanese Ministry of Education (Mombusho) fellowships for graduate and post-graduate studies at Tohoku University in Sendai and at Tokyo University in Law and Economics respectively.