Musk Metals Commences Exploration on Its Pluto Properties to Follow Up on Recent Discovery of Gold and Copper Mineralization and Announces Flow-Through Offering - Seite 2

Musk Metals CEO and Director, Nader Vatanchi states, “We are excited to be underway with a follow-up exploration program to further define our recent Gold and Copper mineralization discoveries. This program is designed to provide Musk Metals with more samples and sufficient data to establish targets for a drill program at our Pluto properties. Musk Metal anticipates an active period with multiple work programs in close proximity to recent significant discoveries in British Columbia, Ontario and Quebec, as well as the evaluation of additional near-term acquisitions.”

Musk Metals “Pluto Properties” claims area, Quebec

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Both of the Pluto properties are made up of a series of crustal scale deformation zones and highly prospective sedimentary-volcanic rock contacts. The properties are located approximately 40km west of the Chibougamau mining camp and 15km west of the Chapais mining camp (6.5 M oz Au; 2.7 B lbs Cu of historic production). The Chibougamau camp has historically been mined and explored for Cu-Au mineralization but the recent discovery of the Nelligan deposit (IAMGOLD – Vanstar Resources) highlights the regional potential for orogenic gold mineralization which has been overlooked in the past.

Flow-Through Offering

The Company is also pleased to announce the Offering; a non-brokered private placement consisting of the issuance of up to 4,166,666 Units at a price of $0.12 per Unit for gross proceeds of up to $500,000.

Each Unit will consist of one common share of the Company (each, a “Share”) to be issued as a “flow-through share” (as defined in subsection 66(15) of the Income Tax Act (Canada)) and subsection 359.1 of the Taxation Act (Quebec)), and one-half of one non-flow-through Share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder to purchase one additional Share (each, a “Warrant Share”) (on a non-flow-through basis) at a price of $0.14 per Warrant Share for a period of two years following the closing of the Offering.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering.

The aggregate gross proceeds from the sale of the Offering will be used for or exploration expenditures in connection with the Company’s mineral projects located in the Province of Quebec, Canada.