RETRANSMISSION

Sienna Resources Acquires the Kuusamo PGE-Ni-Cu-Co Project in Finland

VANCOUVER, British Columbia, May 26, 2020 (GLOBE NEWSWIRE) -- Sienna Resources Inc. (SIE—TSX.v) (A1XCQ0–FSE) (SNNAF—OTCBB) (May 25, 2020) (the “Company”) is pleased to announce it has acquired the Kuusamo battery metals project (the “Project”) which is comprised of two exploration “reservation” properties located adjacent to and near EMX Royalty Corporation’s (EMX—NYSE) Kaukua platinum group elements (PGE) royalty property in Finland, which is being advanced by Palladium One Mining Inc. The highly prospective Kuusamo project hosts similar styles of mineralization located within the same mafic intrusive complex and along trend of the mineralization at Kaukua. Both the Kuusamo and Kaukua properties show Ni-Cu-Co-PGE enriched sulfide horizons near the base of a mafic intrusive complex. Geologic maps of the area depicting this horizon show that it extends for nearly 30 kilometers along strike within the EMX reservation areas. 

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Sienna and EMX have been working together to advance the Slättberg Ni-Cu-Co-PGE project in southern Sweden, a relationship that will now extend to Finland.

Jason Gigliotti, President of Sienna Resources, stated, “We are very pleased to acquire this exciting PGE-Ni-Cu-Co project in Finland.  This project is directly bordering Palladium One’s project that has produced impressive results to date. We are proud to say our partner is EMX, a NYSE listed mining company, who we believe is one of the most respected companies in the market with some of the best geologists.  We have a great working relationship and look forward to developing this new project as well as the Slättberg project.  Sienna will be very active this summer at a time when the mining market is generating robust upward momentum.”

Kuusamo Project Overview. Ni-Cu-Co-PGE mineralization on the Kuusamo property is hosted by the Koillismaa Layered Igneous Complex ("KLIC"), a 2.4-2.5 billion year old layered mafic intrusive complex located in north-central Finland. The KLIC forms part of an east-west trending belt of similar intrusions and nickel, copper and PGE deposits that cross through Finland and into Russia.