KAL MINERALS CORP.
Suite 907, 1030 West Georgia Street Vancouver, BC V6E 2Y3
(KAL-CSE) FOR IMMEDIATE RELEASE March 6, 2020
KAL TERMINATES OPTION AGREEMENT ON THE JACK WHITE PROPERTY Vancouver, British Columbia (March 6, 2020) – Kal Minerals Corp. (CSE: KAL) (“Kal” or the “Company”) announces that it has determined not to proceed with its option to acquire a 100% interest in the Jack White Property located in British Columbia.
Kal completed its phase 1 exploration work program on the Jack White Property, and results were insufficient to merit further exploration. As such, the Company has decided to focus its exploration efforts elsewhere.
The Company is evaluating other opportunities with a view to maximizing shareholder value. In this regard, Kal is pleased to announce that discussions are taking place with the owner of a mineral exploration property located in the Sierra Madre Gold Belt, Eastern Sonora, México.
Contact Information: For more information, please contact Martin Bajic at 604-551-6770
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This news release includes certain “forward?looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward?looking statements or information. These forward?looking statements or information relate to, among other things, Kal’s pursuit of mineral exploration properties. Forward?looking statements and forward?looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Kal, future growth potential for Kal and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Kal’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect Kal’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and 2 contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward?looking statements or forward-looking information and Kal has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the fact that Kal may not come to terms with the owners of any mineral exploration properties; and the factors identified under the caption “Risk Factors” in Kal’s management discussion and analysis. Readers are cautioned against attributing undue certainty to forward?looking statements or forward-looking information. Although Kal has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Kal does not intend, and does not assume any obligation, to update these forward?looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
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