Lowell Copper, Gold Mountain Mining and Anthem United Provide Update on Proposed Business Combination to Create "JDL Gold Corp." - Seite 3

The 2016 M&I pit constrained resource reflects an overall increase in grade by 42%, a 44% reduction in tonnes and a 20% reduction in gold ounces compared with the resource presented in the May 2011 PEA. The change in gold ounces is primarily a result of a 100% increase in the cut-off grade to 1.0 gpt from 0.5 gpt used in the May 2011 PEA, results from additional in-fill drilling in areas with statistically inferred values, removal of mineralized material mined in the bulk sample mining program, refinement of mineralized material specific gravity, updated resource pit shell economic parameters and changes in the potential mining methods leading to a refinement of the geologic solids model and interpretation.

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.