Temas Resources acquires 100% of the Lac Brule high-grade Fe-Ti-V project


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Vancouver, British Columbia – (COMMERCIAL THREAD) – Temas Resources Corp. (CSE: TMAS, OTCQB: TMASF, FSE: 26P) (the “Company” or “Temas Resources”), is pleased to announce that it has completed the acquisition of 36 mining claims in Quebec, the Lac Brule property ; 35 claims by staking and buying a claim. The total cost of staking and acquisition was less than $ 50,000 in cash and stock.

“The Temas team is extremely pleased to have been able to secure 100% of the high-grade Fe-Ti-V Lac Brule project in Quebec,” commented Michael Dehn, CEO of Temas Resources. “The mineralization from this project is expected to be the ideal feedstock for our 50% owned ORF processing technology, which can process various minerals at low cost and in an environmentally friendly manner. The pilot plant, for processing titanium, vanadium and iron-rich materials, is expected to be fully operational shortly. We will communicate with the market as the project develops.

The Lac Brule project comprises 36 claims covering 2,016 hectares in the Labrieville Anorthosite Complex. The Project is accessible by road, approximately 64 km from Labrieville (30 km in a straight line), on the north shore of the St. Lawrence, 100 km north of Forestville, near the Bersimis 2 electricity production site.

Historic drilling intersected two high grade mineralized lenses. Mineralization is favorable to the ORF TiO application2 technology, which has been shown to be 144.8% more cost effective than conventional processes.

Historic metallurgical test beds on Brule Lake mineralization reached 94% TiO2, 95% V2O5 and 99% Fe2O3 successfully washed.

Table 1 Salient mineralized intersections from the last drilling campaign (2018)

Hole ID

From (m)

To M)

Interval (m) *

Fe2O3 %

TiO2%

Ti%

V2O5%

V%

Objective ID

LB-18-23

4.50

11.40

6.90

58.13

35.56

21.32

0.373

0.209

Objective 1

LB-18-24

2.00

18.93

16.93

54.73

33.52

20.10

0.345

0.194

Objective 1

LB-18-25

12.95

25.65

12.70

57.84

35.41

21.23

0.370

0.207

Objective 1

LB-18-26

28.78

49.52

20.74

58.59

35.02

20.99

0.369

0.207

Objective 1

LB-18-27

25.88

43.10

17.22

58.05

34.71

20.81

0.366

0.205

Objective 1

LB-18-28

5.50

15.25

9.75

57.16

34.05

20.41

0.359

0.201

Objective 2

LB-18-28

18.46

36.81

18.35

58.31

35.07

21.03

0.368

0.206

Objective 1

LB-18-30

12.65

29.00

16.35

58.08

35.49

21.28

0.368

0.206

Objective 1

LB-18-31

20.77

43.20

22.43

56.97

34.03

20.40

0.361

0.202

Objective 1

LB-18-32

3.00

13.50

10.50

51.00

30.97

18.57

0.317

0.177

Objective 2

LB-18-32

30.90

59.12

28.22

58.16

35.80

21.47

0.370

0.207

Objective 1

LB-18-33

34.00

50.30

4:30 p.m.

58.27

35.23

12.21

0.373

0.209

Objective 1

True width estimated at approximately 90% of drill intersections. Mineralization is hosted in at least two massive tabular hematite-ilmenite lenses within the layered Labrieville anorthosite complex. The lenses have a NW tendency and a 25 ° ENE dip. These lenses outcrop in a cliff along Chemin du Lac Lise and are intercepted at the surface and at a depth of 30 meters below the surface during drilling carried out to date. A VTEM survey conducted by the former landowner identified a 2.5 km conductor. Additional conductors identified on the property were only initially explored with limited surface sampling. One of these conductors, located northwest of the mineralized lenses, gave results that included a grab sample grading 35.5% TiO.2.

Drill hole details

Hole ID

To the East

North

Elevation

Depth (m)

LB-18-23

429829.9

5470419

527.4

51

LB-18-24

429855.6

5470440

526.6

50

LB-18-25

429876.2

5470460

523.5

66

LB-18-26

429849.3

5470396

524.7

57

LB-18-27

429864.5

5470417

524.8

54

LB-18-28

429893.4

5470437

520.8

62

LB-18-29

429868

5470374

520.9

51

LB-18-30

429889

5470390

520.35

54

LB-18-31

429906.7

5470407

519.4

60

LB-18-32

429941.6

5470430

516.3

81

LB-18-33

429922.1

5470386

516.5

60

All drill holes were drilled facing north (000) and drilled vertically (-90).

This drilling was completed by Orbit Garant, for the previous owner in 2018. SGS Canada conducted the analytical work and performed a GO_XRF76V analysis of half of the drill core from the drilling performed. The documentation does not indicate anything that could materially affect the accuracy of the data reliability of this drilling program. A quality assurance and quality control program was conducted in conjunction with this drilling program and consisted of standard, duplicate and blank samples inserted into the samples sent for laboratory analysis, SGS also performed a QAQC throughout. throughout their analysis.

About Temas Resources Corp.

The Company is focused on advancing mineral independence and the processes in which minerals are extracted in an environmentally friendly manner. The Company invests and strives to apply green technology across its mining portfolio to reduce the environmental impact and carbon footprint of metal mining through advanced processing and leaching technologies patented. The Company is advancing Fe-Ti-V projects in Quebec and soon expects to be active on boron projects in Serbia.

Qualified person

Rory Kutluoglu, B.Sc, P.Geo, is the Qualified Person as defined by NI 43-101 who has reviewed and approved the technical information contained in this press release.

On behalf of the Board of Directors of Temas Resources Corp.,

“Kyler Hardy”

Director

Forward-looking statements

This press release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “foresee”, “could”, “could “,” Could “,” appendix “and similar words or expressions, identify forward-looking statements or information.

Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, improved value and capital market profile of Temas Resources, the potential for future growth of Temas Resources and its businesses, and plans for ‘future exploration are based on management’s assumptions, reasonable estimates, expectations, analyzes and opinions, which are based on experience and perception of trends, current conditions and developments expected by management, and other factors that management considers relevant and reasonable in the circumstances, but which may prove to be inaccurate. Assumptions have been made regarding, inter alia, the price of iron, titanium, vanadium and other metals; no escalation in severity of the COVID-19 pandemic; exploration and development costs; the estimated development costs of exploration projects; The ability of Temas Resources to operate in a safe and efficient manner and its ability to obtain financing on reasonable terms.

These statements reflect Temas Resources’ respective current views with respect to future events and are necessarily based on a number of other assumptions and estimates which, while considered reasonable by management, are inherently subject to significant commercial, economic, competitive, political and social uncertainties and contingencies. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements which are or may be expressed or implied by such forward-looking statements or forward-looking information and Temas Resources has makes assumptions and estimates based on or related to more than one of these factors. Such factors include, but are not limited to: the Company’s dependence on a mining project; volatility of precious metal prices; the risks associated with the conduct of the Company’s mining activities in Quebec; regulatory, consent or authorization deadlines; risks related to dependence on the Company’s management team and external subcontractors; risks relating to mineral resources and reserves; the inability of the Company to obtain insurance to cover all risks, on a commercially reasonable basis or not at all; currency fluctuations; risks associated with the inability to generate sufficient cash flow from operations; risks related to project financing and share issues; the risks and uncertainties inherent in all mining projects, including inaccuracy of reserves and resources, metallurgical recoveries and the capital and operating costs of such projects; disputes over title to property, in particular title to undeveloped property; laws and regulations governing the environment, health and safety; the capacity of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 for Society; operating or technical difficulties related to operating or development activities; employee relations, social unrest or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate the assets acquired; the speculative nature of exploration and development, including the risks of decreasing quantities or grades of reserves; volatility of stock markets; conflicts of interest between certain directors and officers; lack of liquidity for the shareholders of the Company; risk of litigation; and the factors identified under the heading “Risk Factors” in the management discussion and analysis of Temas Resources. Readers are cautioned against assigning undue certainty to forward-looking statements or forward-looking information. Although Temas Resources has attempted to identify significant factors that could cause actual results to differ materially, other factors may prevent results from being anticipated, estimated or forecast. Temas Resources does not intend, and assumes no obligation, to update such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements or information, other as required by law.

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