FOR IMMEDIATE RELEASE
September 2, 2015, Vancouver, BC - BCM Resources Corporation (TSX-V: B), in its most recent news release issued September 2, 2015, the "Company" announced that it finalized terms of an Agreement with Inland Explorations Ltd., a private BC company ("Inland"), for an option to acquire up to 60% interest in the drill-ready Thompson Knolls Property ("TK Property") located in central Utah's Great Basin, one of the premier metallogenic provinces in the world.
Additionally the Company announced a Non-Brokered private placement financing to raise proceeds of up to C$250,000 by issuance of up to 5 million common shares priced at $0.05 per common share, with proceeds to be used for general working capital purposes.
At the request of IIROC (Investment Industry Regulatory Organization of Canada) the Company wishes to clarify that no mineral resource estimate or mining study (i.e. preliminary economic assessment, preliminary feasibility study or feasibility study) supporting the technical feasibility or economic viability on the Thompson Knolls property has ever been completed and therefore there is no basis to support the representations that "a potentially open-pitable, large-scale, high-grade gold and copper mine", or "a large Bingham Canyon mine-style, porphyry copper-gold target system could be present on the property" or that the property has "excellent potential to yield a world-class, high-grade new open-pit gold-copper mine". The Company therefore retracts these representations.
About BCM Resources Corporation:
BCM Resources Corporation is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing prospective Copper, Gold, and Molybdenum exploration projects in British Columbia and Utah. BCM Resources is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at www.bcmresources.com or contact us by e-mail at firstname.lastname@example.org.
ON BEHALF OF THE BCM BOARD OF DIRECTORS
President and CEO
For further Information Contact:
1 604 646-0144 Ext 223
Caution Concerning Forward-Looking Statements
This news release and related texts and images on BCM Resource Corporation's and Inland Explorations Ltd.'s websites contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling and assay results, future exploration work, and the anticipated results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs.
Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. BCM Resources Corporation undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.
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This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.