Active Growth Capital Enters Into Option and JV on Muscovite and Pepidolite Pegmatite Properties and Announces Private Placement - Seite 2

The Mine Xavier block is located 8 km to the east of Ville de Saguenay and is made up of 2 past producing claims that produced 14,000 kg of muscovite that yielded 909 kg of commercial mica sold to markets in 1940 according to the Quebec Government data. The minerals identified are mica (Muscovite and Lepidolite), Garnet and Beryllium in Pegmatites.

The Mine Roberval and Mine du Lac M block is made up 4 past producing claims and 37 claims acquired by staking, located 18 km east of Alma in Québec Lac-St-Jean region. Beryllium, Topaz and some LRE are found in Pegmatite that contains Lepidolite and Muscovite.

All blocks are close to all infrastructures and have an easy access.

Staking of Lepidolite and Pegmatite Claims

ACK also acquired jointly with St-Georges 22 prospective claims by staking in 2 separated blocks in northern Quebec.

A 4.5 milometers Lepidolite containing' pegmatite corridor was identified by the Ministry of Natural Resources of Quebec (MNRQ) on the southern block of the acquisition (15 claims) located 91 km south of the village of Kujjuaq while a chosen sample (MNRQ #2011054043) taken in 2011 and reported recently yielded 4,307 ppm of Beryllium (4,3 kg/tonne) and 2,008 ppm (2kg/tonne) of Tantalum on the northern block (7 claims) located about 32km south of Kujjuaq. The company has acquired the project in order to review its prospective opportunities.

Under the Option Agreement ACK has the option to increase its interest in these claims by acquiring a 25% from St-Georges for an aggregate undivided 75% interest by incurring the Expenditures.

Technological JV

Under the Option Agreement St-Georges granted ACK a right of first refusal to acquire a 25% interest in St-Georges R&D program, aimed at finding new extraction technologies and solutions in regards to muscovite minerals, and the intellectual property generated, in exchange for ACK contributing 25% of program financing.

Private Placement

ACK also announces a non-brokered private placement financing of a minimum of 3,000,000 and a maximum up to 7,000,000 Units (the "Units") of the Company at a price of $0.05 per Unit for maximum gross proceeds of $350,000 (the "Private Placement"). Each Unit will consist of one common share and one common share purchase warrant ("Warrant"). Each Warrant will be exercisable into one common share at $0.10 for a period of 24 month from closing.