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     477  0 Kommentare Crystal Exploration Inc. Acquires Diamond & Gold Project - Seite 2

    Crystal has signed a Property Purchase Agreement with North Arrow Minerals Inc. (TSXV: "NAR") that is expected to close within 60 days and is subject to TSX Venture Exchange approval. Agreed upon terms include: a $50,000 cash payment on closing and a $50,000 cash payment in December, 2018; 500,000 CEI commons shares on closing and 500,000 CEI common shares in December, 2018; a 1% GOR/NSR, Crystal can purchase half the royalty (0.5%) for $1 million at any time; 500,000 CEI common shares upon reporting an inferred resource greater than 250,000 gold ounces within an already established mineralized zone; and 500,000 CEI common shares upon reporting an inferred resource greater than 250,000 gold ounces outside of the established mineralized zone, but within the Area of Interest.

    Jim Greig, President & CEO commented, "The new ground is complimentary to Crystal's projects and has the potential to provide more diamond targets while exploring the gold occurrences. Crystal's new and existing projects are located in a proven region for gold and diamonds as evidenced by the close proximity to the formerly producing Jericho Diamond Mine and Lupin Gold Mine. North Arrow has taken an equity ownership in Crystal that will provide value through exploration success and an opportunity for Crystal to leverage North Arrow's diamond expertise. We look forward to exploring and incorporating this exciting ground into the 2017 exploration plans."

    About Crystal Exploration Inc.

    Crystal is a Canadian diamond exploration company with Common shares listed for trading on the TSX Venture Exchange. Crystal is backed by proven and seasoned resource sector professionals who have a track record of advancing exploration projects from grassroots through to production scenarios. The technical content of this news release have been reviewed and approved by Dean Besserer, P.Geol., the Technical Advisor of the Company and a Qualified Person as defined by National Instrument 43-101.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Jim Greig, President and Chief Executive Officer

    Cautionary Statement on Forward-Looking Statements

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    This press release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "budget", "scheduled", "estimates", "forecasts", "intends", "plans" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would" or "might", "be taken", "occur" or "be achieved". Forward-looking information is based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Crystal operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Crystal cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Crystal's actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to, factors discussed in each management discussion and analysis of the Company, available on SEDAR at www.sedar.com.

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    Verfasst von Marketwired
    Crystal Exploration Inc. Acquires Diamond & Gold Project - Seite 2 VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 30, 2017) - CRYSTAL EXPLORATION INC. (the "Company" or "Crystal") (TSX VENTURE:CEI) (OTCQB:CYRTF) is pleased to report a 100% project acquisition that contains the potential for diamond bearing …

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