Lowell Copper, Gold Mountain Mining and Anthem United Provide Update on Concurrent Financing in Connection With Proposed Business Combination

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 3, 2016) -

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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 announce that, further to their news releases dated August 15, August 31, September 23, September 27 and September 29, 2016, the Parties have agreed to increase the private placement financing (the "Concurrent Financing") occurring in connection with the proposed business combination to create JDL Gold Corp. to approximately CDN$60.5 million.

The second and final tranche of the Concurrent Financing is expected to close on October 4, 2016. The additional proceeds from the Concurrent Financing will be used to take advantage of potential acquisition opportunities and for general corporate purposes.

About Lowell Copper Inc.

Lowell Copper is a copper exploration and development focused company led by J. David Lowell and is listed on the TSX-V. The company was founded to leverage the current market conditions and build a portfolio of economic copper projects through a combination of exploration, mergers and acquisitions by utilizing the considerable experience and success of management and directors of the company.

About Gold Mountain Mining Corporation

Gold Mountain is a public resource company managed by an experienced team of professionals with a solid track record of exploration, development and operational success. The company owns 100% of the 16,700 hectare Elk Gold property located in Southern British Columbia, which it intends to develop into a precious metal producer, and is also seeking additional near term production assets to further build shareholder value.

About Anthem United Inc.

Anthem is focused on building a precious metals producing company through the acquisition and development of silver and gold mineral assets. The company is currently advancing the operation of the 350 tonne per day Koricancha Mill in Peru, in which it owns a 75% interest as well as an 8% cost of sales royalty payable to Anthem. The company's joint venture partner, EMC Green Group S.A., owns the remaining 25% and is the operator of the Koricancha Mill. The Koricancha Mill produces gold for its own account by processing gold-bearing material purchased from small scale and artisanal miners in Peru.