NEW YORK, NY / ACCESSWIRE / June 14, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on Medical Transcription Billing, Corp. (NASDAQ: MTBC).

The report is available here: MTBC June Update. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will be available on these platforms. The firm also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.

Based in Somerset, NJ Medical Transcription Billing, Corp. (NASDAQ CM: MTBC) is a healthcare information technology company that provides a fully integrated suite of web-based solutions and related business services to hospital-based and private healthcare providers. MTBC became a public company in July 2014, after several years of strong growth through both acquisitive and organic means as a private healthcare technology company. Through its flagship software-as-a-service (SAAS) platform Practice Pro, MTBC “brings big practice solutions” to over 750 small and medium sized medical practices, helping approximately 2,000 providers grow and track patient visits, streamline operations, and use data to facilitate better business and clinical decision making.

Highlights from the update are as follows:

Nice progress since our initiation; strong outlook

MTBC has made several significant developments since we initiated coverage on the company in March. These include 1Q16 results and a business update in which the company issued revenue guidance of $27mn-$30mn, solidly above our 2016E estimate for $25.1mn. MTBC also announced that it deployed a portion of its growth capital to fund the strategic acquisition of Tennessee-based Renaissance Physician Services. We see several catalysts ahead for the company, from the acquisition of Renaissance Physician Services as well as Gulf Coast Billing, particularly with the backdrop of the strong guidance outlook issued by management for the balance of the year.

Gulf Coast Billing, Renaissance latest MTBC acquisitions

On April 30, MTBC announced the acquisition of Renaissance Physician Services, a Tennessee-based company that specializes in medical billing. Renaissance should be an easy-to-integrate, accretive acquisition that had approximately $0.6mn of revenues over the last year. Texas-based Gulf Coast Billing, which was acquired during February, brings the company a base of approximately $3mn in trailing revenues and is also expected to be quickly accretive. We expect MTBC to continue to deploy capital to make accretive acquisitions to accelerate growth throughout the year.

1Q16 marks second consecutive quarter of positive EBITDA

MTBC generated EBITDA for a second consecutive quarter despite seasonal headwinds. The company reported 1Q16 revenues of $5.1mn, compared to $6.1mn in 1Q15. Revenues were down YoY due to 2015 attrition from customers acquired at the time of its IPO. The company reiterated guidance for 20%+ growth in 2016E, with sequential growth in 2Q16, which leads us to the conclusion that the company is now at a point where it is moving beyond the effects of these lost customers. Indeed, the company guided for revenue of $27mn-$30mn, well above 2015’s top line of $23.1mn. Importantly, MTBC also guided to adjusted EBITDA of $1.5mn – $2.0mn, which places the company about a year ahead of the pace we expected when we initiated coverage on the company.

Raising estimates; price target for MTBC

In light of MTBC’s 2016 outlook, in which the company is expecting to achieve adjusted EBITDA leverage earlier than we were expecting, as well as higher revenues, we are raising our price target and estimates for MTBC. Our new price target suggests a fair value estimate of $3.85 per share. We continue to view MTBC as an attractive company in the healthcare technology industry that offers exposure to a massive market opportunity at a compelling valuation.

Please review important disclosures at www.seethruequity.com.

About Medical Transcription Billing, Corp.

MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. Our integrated Software-as-a-Service (or SaaS) platform helps our customers increase revenues, streamline workflows and make better business and clinical decisions, while reducing administrative burdens and operating costs. MTBC’s common stock trades on the NASDAQ Capital Market under the ticker symbol “MTBC,” and its Series A Preferred Stock trades on the NASDAQ Capital Market under the ticker symbol “MTBCP.” For additional information, please visit our website at www.mtbc.com.

About SeeThruEquity

SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. The company does not conduct any investment banking or commission based business. SeeThruEquity is approved to contribute its research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute its research to its database of opt-in investors. The company also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

ReleaseID: 441103

VANCOUVER, BC / ACCESSWIRE / June 14, 2016 / Solar Alliance Energy, Inc. (‘Solar Alliance’) or (the ‘Company’) (TSX-V: SAN, OTCQB: SAENF) is pleased to announce the appointment of Alex Tiller as President of Solar Alliance Energy, Inc. Mr. Tiller was formerly the CEO of Sunetric, a full service renewable energy company of approximately 200 employees based in Hawaii with operations across North America. From 2010 to 2014 at Sunetric, Mr. Tiller and his team grew the company’s revenue over 225%, installing over 80 megawatts of new production, and ultimately selling the business to a public entity. Mr. Tiller will be focused on revenue growth, strategic relationships, and operations at Solar Alliance, along with leading the Company’s expansion plans throughout the United States.

“Alex has significant experience in the U.S. solar industry and will be a welcome addition to our San Diego-based team,” said Solar Alliance Chairman and CEO Jason Bak. “His demonstrated ability to build and lead successful teams and manage significant growth make him the perfect fit for Solar Alliance as we expand beyond San Diego. Alex is a motivated individual with a strong vision for building a successful company. His leadership will allow us to transform Solar Alliance into a significant national provider of renewable energy.”

“Solar Alliance is in the perfect position to expand and take advantage of the growing U.S. solar market,” said Alex Tiller. “I am looking forward to working with everyone at Solar Alliance and building a best in class national solar provider that can provide economic, clean renewable energy to every American.”

Prior to his time as CEO of Sunetric, Mr. Tiller was a founding partner at Sunetric Capital LLC, Sunetric’s affiliate solar financing/asset management company. He has nearly two decades of strategic business development experience in the financial services, high-technology and sustainability fields, including launching two tech startups; management at Fidelity Investments; consulting for hedge funds; and developing a private equity offering that focused on agriculture and sustainability.

Jason Bak
Chairman and CEO

For more information:

Solar Alliance
Myke Clark
Chief Marketing Officer
+1 (604) 288-9051
info@solaralliance.com

About Solar Alliance Energy Inc. (www.solaralliance.com)

Solar Alliance is a solar sales and marketing firm focused on residential solar installations. Our mission is to encourage the transition to an independent, distributed solar market through a strong management team that combines technical, sales, marketing and financial expertise. Solar Alliance is committed to an exceptional customer experience, effective marketing campaigns and superior lead generation in order to drive sales and generate value for shareholders. Since its inception in 2003, Solar Alliance has developed over 360 megawatts of renewable energy projects and subsequently sold them to utilities or large independent power producers, and has installed more than 2,000 residential solar systems in southern California. Solar Alliance is located in Vancouver, British Columbia and San Diego, California.

Statements in this news release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, constitute Forward-looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

SOURCE: Solar Alliance Energy, Inc.

ReleaseID: 441116

First Shipment, Minimum 2,000 Tonnes, Scheduled for July-August 2016

NEW YORK, NY and WINDHOEK, REPUBLIC OF NAMIBIA / ACCESSWIRE / June 14, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) (“Next Graphite,” “GPNE” or the “Company”), a graphite exploration/development stage company in the African Republic of Namibia, is pleased to announce favorable results of assays overseen by our joint venture partner on approximately 160 kilograms of samples sent to TEA-Lab (previously Lilof Enterprises) of Swakopmund, Namibia. The average grade of 59.40% Cg (Carbon as graphite) for initial samples resulted from screening material taken from the Aukam dumps. Average grades of flake graphite deposits typically range from 1.5% to 25% Cg.

Assay Results

Total assay results of seven samples weighing between 20 and 30 kg were in a range of 55.64% to 63.87% Cg (carbon as graphite), averaging 59.40% Cg (results below). While these samples were selected from a larger 1.6 tonne sample, they are not considered representative of the mineralization on the Aukam dumps property as a whole.

The above seven samples were taken from the 1.6 tonnes shipped as part of our commitment under a Letter of Intent with a vertically integrated graphite producer (previous news release dated March 24, 2016) and are believed to be representative of that larger sample.

“The grade of these samples exceeds expectations based on previous assays of screened bulk samples from the Aukam dumps which averaged 42% Cg,” said Cliff Bream, CEO of Next Graphite. “We expect the balance of our 1.6 tonne sample will respond well to processing and look forward to the results of those tests. These initial tests were made in preparing for initial Purchase Order shipments scheduled to begin in July or August of 2016.”

Assays were performed at TEA-Lab of Swakopmund. Samples were crushed by hammer and jaw crusher to < 5 mm and split before milling sub-samples to < 200 microns followed by thermo-gravimetric analysis.

About Next Graphite, Inc.:

Next Graphite, Inc. is an exploration / development stage company targeting the growing global graphite production industry with the Company’s Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today’s prices. The site is located on 34,082 hectares in southern Namibia close to the port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material.

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. Next Graphite’s joint venture is planning a bulk-sampling program at Aukam, and has a letter of intent to sell the graphitic material produced during the program. Next also intends to put the historical mine back into production and is working on an application for a mining license. The Company maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement: This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

CONTACT:

Steve Nichols
(210) 260-3125

SOURCE: Next Graphite, Inc.

ReleaseID: 441099

Koch to Pilot the No. 11 Celsius Thermogenic Energy Car at the Subway Firecracker 250 on July 1

BOCA RATON, FL / ACCESSWIRE / June 14, 2016 / Celsius Holdings, Inc. (OTCQX: CELH), the creator and marketer of Celsius®, the world’s first negative calorie drink backed by clinical science, is proud to join forces with Kaulig Racing™ for the NASCAR XFINITY Subway Firecracker 250 at Daytona International Speedway. Blake Koch will pilot the No. 11 Celsius’ Thermogenic Energy Chevrolet Camaro under the lights on July 1st.

Celsius is the world’s first clinically proven, negative calorie energy drink. Celsius is named for its correlating ability to raise heat production in the body, a process known as thermogenesis. Powered by a proprietary MetaPlus Blend® of ingredients, drinking Celsius will trigger the body’s ability to effectively burn fat and calories, accelerate metabolism, boost endurance and drive, while providing lasting energy. Koch has been a brand ambassador for Celsius since 2014.

“We are excited to be racing the Celsius Thermogenic Energy car with Kaulig Racing, and are proud to be associated with NASCAR driver Blake Koch, who is in the midst of a noteworthy season with two top-10, seven top-15, and nine top-20 finishes,” stated Gerry David, CEO, Celsius Holdings, Inc. “This partnership provides Celsius with the opportunity to connect with NASCAR fans by offering a healthier energy alternative that delivers great taste while also triggering the body’s ability to effectively burn fat and calories, accelerate metabolism, and boost endurance.”

Blake Koch has 8 starts at the 2.5-mile oval. With track-best starting and finishing position of ninth coming earlier this year, Koch is ready to get back on track at Daytona International Speedway. The last time Koch piloted the Celsius Healthy Energy car was in Daytona last year where he finished 18th.

“It is awesome to have Celsius Thermogenic Energy on my car,” Koch said, “especially for the Daytona race in July.”

“I drink Celsius every day as part of my performance needs both on the race track and prior to my daily workouts,” Koch continued. “This is the third year in a row that Celsius has come on board as a primary sponsor for this race and it’s been great to have this relationship grow over the years. My Kaulig Racing™ team is excited to get to the track and we are going to give it our all to win the race.”

Be sure to tune into the NBC Sports Network (NBCSN) for the Subway Firecracker 250 at Daytona International Speedway on Saturday, July 1st at 7:30 p.m. ET.

Celsius is available nationwide at retailers across all channels, including supermarkets, convenience stores, nutritional stores, mass merchants, health clubs, spas, gyms, specialty stores, the military and e-commerce websites.

About Celsius Holdings, Inc.

Celsius Holdings, Inc. (OTCQX: CELH) is a global nutritional science based company, founded in April 2004. Celsius Holdings, Inc., has a corporate mission to become the global leader with a portfolio of functional brands offering proprietary or patented brands offering significant health benefits steeped in nutritional science.

Celsius comes in seven delicious flavors, carbonated and non-carbonated, and also in powder stick formulas that can be mixed with water. Celsius has no preservatives, no aspartame, no high fructose corn syrup, no artificial flavors or colors and is very low in sodium. The Celsius line of products is kosher and vegan certified, Gluten Free, and sugar free. The first university study was conducted in 2005, and additional studies from the University of Oklahoma were conducted over the next five years. All studies were published in peer reviewed journals and validated the unique benefits Celsius provides to the consumer.

For more information, please visit www.celsius.com.

About Kaulig Racing™

Kaulig Racing™ is a full-time NASCAR XFINITY Series team, owned by president and owner of LeafFilter Gutter Protection™, Matt Kaulig. Blake Koch, driver of the No. 11 Kaulig Racing™ entry, has more than 145 starts in the NASCAR XFINITY Series. Kaulig Racing™ currently has partnerships with some of America’s leading companies across a wide range of industries such as LeafFilter Gutter Protection™, Celsius, Salt Life and AQUAhydrate. To learn more about the team, visit Kaulig Racing™.

Investor Relations:

Hayden IR
Brett Maas
(646) 536-7331
brett@haydenir.com

or

Cameron Donahue
(651) 653-1854
cameron@haydenir.com

SOURCE: Celsius Holdings, Inc.

ReleaseID: 441074

BALTIMORE, MD / ACCESSWIRE / June 14, 2016 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a research report on True Nature Holding, Inc. (OTCQB: TNTY), which is actively engaged in a roll-up of the highly fragmented, $8 billion dollar compounding pharmacy industry.

True Nature Holding Inc. is actively engaged in a roll-up of compounding pharmacies which have traditionally operated locally but have specialty formulations that may have a larger market. Compounding is a practice in which a licensed pharmacist, or a licensed physician, combines, mixes, or alters ingredients of a drug to create a medication tailored to the needs of an individual patient. This multi-billion dollar market and its broad product utilization are driven by drug shortages, the need for alternative medications or delivery systems for the elderly (liquids versus pills) and those with allergies.

By leveraging product lines and economies of scale, the Company is set for deeper penetration in existing and new markets. It intends to acquire compounding pharmacies that serve both the veterinary and human treatment segments.

In the research report, analyst Rob Goldman discusses the Company’s innovative market strategy and positioning, along with its enviable growth prospects.

Goldman noted, “Newly trading True Nature Holding has hit the ground running, announcing three acquisitions in the past 2 month alone. The Company is actively engaged in a roll-up of the highly fragmented compounding pharmacy industry which has traditionally operated locally but has specialty formulations that may be ripe for a larger market.”

“By leveraging product lines and economies of scale, the Company is set for deeper penetration in existing and new markets. It intends to acquire compounding pharmacies that serve both the veterinary and human treatment segments. This veterinary market could emerge as a sleeper growth segment for the Company. The compounding medicine market for pets is more profitable and not subject to as much regulation as the human treatment segment,” Goldman further commented.

Goldman believes that with no succession plan, limited organic growth and too much regulation, operators are eager to sell to True Nature. They can now join a platform that will offer specialty formulations by region and a national footprint for product sales through online channels.

“With exponential growth through acquisition and potentially high EBITDA margins through economies of scale, True Nature appears primed to reach tens of millions in revenue and millions of dollars in EBITDA next year,” stated the analyst.

About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, daily stock market blogs, and popular investment newsletters. Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.

This press release contains excerpts of our most recently published sponsored research report on True Nature Holding, Inc. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from True Nature Holding, Inc. (“the Company”) authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.

Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.

A Goldman Small Cap Research report, update, newsletter, article, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other agency. To download this sponsored research report or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research has been compensated by a third party in the amount of $3000 for a research subscription service.

About True Nature Holding, Inc.: True Nature Holding, Inc. (OTCQB: TNTY) plans to acquire compounding pharmacies which have specialty formulations and are seeking a larger market. These pharmacies may serve both the human and veterinary markets. The Company intends to develop a network of compounding pharmacy operations, with both 503(a) and 503(b) facilities, to provide products for not just a single user but also for stocking inventory at doctor’s offices and hospitals.

Learn more about TNTY at http://truenaturepharma.com

Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com

SOURCE: Goldman Small Cap Research

ReleaseID: 441098

• The Main Gold Target Is the Largely Untested Northwestern Section of the Porphyry Zone; the Southern Portion of Which Contains Lower Grade Mineral Resources Estimates* Of 55.1 Million Tonnes at 1 G/T (At A 0.5 G/T Cut-Off) In the Inferred Category
• Overall Potential of the Northwestern Section of the Porphyry Is Significant, Additional Drilling Could Potentially Add To the Current Mineral Resource Estimates*
• Priority Targeting Program Planned With Airborne Geophysical Survey, Core Re-Logging and Eventual Drilling

MONTREAL, QC / ACCESSWIRE / June 14, 2016 / Aurvista Gold Corporation (TSXV: AVA) (OTC: ARVSF) (FSE: AV2) (“Aurvista” or the “Company“) is pleased to announce that following the closing of a C$1.1 million financing (refer to the Company news releases dated May 3 and May 30, 2016), the Company plans a two-staged exploration program on the Douay Gold Project (the “Project”) for the period June to September 2016 with the prime objective of determining the best of the 25 defined targets (as outlined in the Company news releases dated December 17, 2014, and April 8, 2015) with a view of significantly increasing the current Mineral Resource estimates*.

The first stage work will complete the Priority Targeting Program in two areas where management is confident additional gold mineralization will be uncovered. The areas include the:

(1) 10 km by 3 km wide (at its longest and widest points) SE-tilted parallelogram-shaped Douay-Style Mineralization (“DSM”) containing all the known gold zones (“Douay West”, “10”, “20”, “531”, “Central”, “Main”, “NW”, “Porphyry” and the “South Porphyry”) and current Mineral Resource estimates*; and the

(2) 6 km by 1 km wide cluster of EM INPUT(TM) anomalies or conductors running along the southeast boundary of the DSM that have affinities to Volcanogenic Massive Sulphide or VMS mineralization associated with gold.

The second stage will consist of a 4,000 meters of drilling to delineate additional gold and/or copper-gold mineralization on the best targets.

Priority Targeting Program

Now with funding in place, the Company intends on completing the Priority Targeting Program. This will involve:

• Completing an airborne geophysical Magnetic, Electromagnetic and Radiometric survey of the central portion of the Douay Project to define key contacts, faults and porphyry linked to the gold and any potential base metal bearing massive sulphide lenses within the 6 km by 1 km Copper-Gold corridor to a depth of -150 metres;

• Re-logging selective previous and historical drill core for litho-geochemical and thin section work along key gold mineralized and non-mineralized sections across the Douay Project, all to define the chemical signatures and alteration mineralogy of the known gold and/or base metal mineralization, helping with the airborne geophysical survey in the vectoring towards additional mineralization; and

• Drilling of the best priority targets that could potentially lead to the expansion of, and better quality, mineral resources.

The main gold target at this time is the Porphyry Target that extends some 8 km in length, of which 3 km to the NW of the Adam Porphyry Zone, bordered by the Douay West Zone and the NW Zone, is largely untested. The Porphyry Target, encompassing the Adams Porphyry contains lower grade Mineral Resources estimates* of 55.1 million tonnes at 1 g/t (at a 0.5 g/t cut-off) in the Inferred category; whereas the NW Zone contains one million tonnes grading 2.71 g/t (at a 0.5 g/t cut-off) in the Inferred category.

The overall gold potential of the Porphyry Target is significant and Aurvista is committed to drilling this sector potentially adding to the current Mineral Resource estimates*. Drilling success could potentially increase the size and quality of the Mineral Resources and subsequently the new DWGP production profile, this could result in a higher Net Present Value and extended mine life.

The Douay Gold Project Mineral Claims and Location

Aurvista’s only asset is the Douay Gold Project (“Douay” or the “Project”), consisting of a 100% owned interest in 250 contiguous claims totaling 13,310 hectares or 133.1 km, plus a 90% interest in 5 contiguous claims totaling 23 hectares or 0.2 km(2) and a 75% interest in 32 contiguous claims totaling 1,194 hectares or 11.9 km(2). In total there are 287 claims covering 14,527 hectares or 145.3 km(2) located along a 20 km segment of the Casa Berardi Deformation Zone (“CBDZ”) in the prolific Abitibi Greenstone Belt of northern Quebec. The 32 joint venture claims are with SOQUEM and occupy the central northern portion of Douay. Such ownership is subject to Aurvista completing a further $175,000 of approved work with no time limitation on this work.

Douay is located approximately 40 km SW of Matagami and 110 km N of Amos, Quebec. It is accessible by paved Provincial Highway #109, which is the major N-S regional road linking the towns of Amos (Val-d’Or) and Matagami (James Bay). Access to the Project is via the public road network that extends to the Douay West Zone. This network could be used to haul mineralized material off-site to nearby toll processing facilities. Utilities are available on site including electricity provided directly from Hydro-Quebec’s power grid to the Company’s on-site substation.

The Host Abitibi Greenstone Belt – the Land of Large Gold Deposits

Gold mines of the Abitibi Greenstone Belt have already produced close to 200 million ounces of gold (6,000 tonnes of gold) since the early 1900’s. The more recently developed gold mines include Yamana’s and Agnico-Eagle’s Malartic Gold Mine estimated at 11.1 million ounces of reserves, is located 155 km S of the Project, and Detour Gold’s Detour Lake Gold Mine with an estimated 15 million ounces of gold in reserves is located 120 km NW of the Project. Hecla Mining’s Casa Berardi Mine (4 million ounces of combined production, reserves and resources) sits on the same CBDZ as Douay, 70 km to the NW.

The Douay Gold Project Current Mineral Resources*

In August, 2012, independent consultant Cliff Duke, P. Eng., of Riverbend Geological Services, completed a NI 43-101 technical report on Mineral Resources estimates for Douay. The updated Mineral Resources estimates* included all drilling completed to the end of March 2012, and comprised results from 657 holes in more than 185,000 metres drilled on Douay since its discovery (refer to the Company news release dated July 3, 2012, and the filing of the Company’s technical report dated August 16, 2012, on www.sedar.com).

Riverbend estimated that 8 gold zones on Douay contained Mineral Resources estimates* of 2.7 million tonnes of Indicated Resources at 2.76 g/t gold for 238,000 ounces (above a 0.3 g/t gold cut-off grade) or 3,458,000 tonnes grading 2.98 g/t gold (at a 0.5 g/t gold cut-off grade) for 235,500 ounces. There were additional Inferred Resources of 115 million tonnes at 0.75 g/t gold for 2.75 million ounces (above a 0.3 g/t gold cut-off grade) or 62 million tonnes grading 1.06 g/t gold for 2.1 million ounces (above a 0.5 g/t cut-off grade).

The bulk of the lower grade gold mineralization is contained in the Main Porphyry area encompassing the Adam-Porphyry zone containing Mineral Resources estimates* of 55.1 million tonnes at 1 g/t (at a 0.5 g/t cut-off) in the Inferred category. Whereas at the 3 g/t gold cut-off, Douay contained an estimated 855,000 tonnes at 5.82 g/t gold of Indicated Resources for 160,000 ounces, and additional 1,317,000 tonnes at 10.55 g/t gold for 446,700 ounces, really demonstrating once and for all the presence of both higher grade and lower gold zones at Douay, unlike the other bulk gold deposits in the Abitibi Greenstone Belt, such as the Dome, Canadian-Malartic and Detour Lake mines, which dealt and have to deal exclusively with lower grade gold closer to 1 g/t gold since all the higher grade gold zones were historically mined out via underground mining.

There has never been any underground mining at Douay and hence the Company jewelry box of higher grade gold lenses remains intact.

The Higher Grade Douay West Gold Zone and the New Douay West Gold Project

According to a 2014 NI 43-101 technical report on a Preliminary Economic Assessment (the “PEA”) of the Douay West Zone (refer to the Company news release dated December 14, 2014, and the filing of the Company’s technical report dated January 22, 2015, on www.sedar.com) by P&E Mining Consultants, both open pit and underground production options were used for a production profile of the Douay West Zone. Both options were considered viable.

Some 419,000 tonnes of mineralized material would be mined from the open pit at an average grade of 3.16 g/t gold (using a cut-off of 1.17 g/t gold), mineralized material is contained within the mineral resources estimated to be hosted on the Project. The PEA economics showed a pre-tax Net Present Value (“NPV”) of C$ 25 million at a discount rate of 5% and post-tax NPV (5%) of C$16.6 million using an approximate two-year average gold price of US$ 1,350 per ounce (as of the date of this news release the gold price is US$ 1,260 per ounce) at an exchange rate of $C 1 = US$ 0.95 or a Canadian equivalent of $C 1,421 (the current exchange rate is $C1 = US$ 0.7840, for an equivalent Canadian gold price of $C 1,607). The pre-tax internal rate of return (“IRR”) for the project is 55%. The initial preproduction expenditures were estimated at C$ 12.2 million to achieve first production from the open pit. The project life was 3.7 years, after approximately one-year of open pit pre-stripping. The Life of Mine (“LOM”) cash operating cost was estimated at C$ 800 per ounce of gold, and the LOM all-in sustaining cost is C$ 1,195 per ounce of gold.

In 2014-2105, Aurvista recognized the possibility of combining two higher grade gold zones, the Douay West and Adam-Porphyry zones (the “new DWGP”), situated along the same geologic corridor over 1.5 km length (refer to the Company news release dated June 17, 2015). The net effect of combining both zones into the new DWGP could potentially have a positive impact on the economics of a potential mining project due to the higher grades of the Adam-Porphyry Zone. The combined new DWGP has current Mineral Resource estimates* of 828,000 tonnes @ 5.78 g/t gold for 153,890 ounces in the Indicated category, with an additional 564,000 tonnes @ 16.69 g/t gold for 302,620 ounces in the Inferred category, all at a 3 g/t cut-off (refer to the Company news release dated August 16, 2012). The mineralization is open at depth beyond -300 meters vertical at Douay West and -400 meters vertical at the Adam-Porphyry. Combining both zones offers an immediate upside by demonstrating a larger higher grade mineral resource base for any future underground selective and/or bulk open pit mining scenarios.

The technical contents in this news release have approved by Mr. Jean Lafleur, M. Sc., P. Geo., President and CEO for Aurvista Gold Corporation, a Qualified Person under National Instrument 43-101.

* Mineral Resource estimates reported in this news release were previously estimated in accordance with the definitions contained in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves Definitions and Guidelines that were prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on November 27, 2010. Of note, tonnes and ounces have been rounded as per NI 43-101 standards.

About Aurvista Gold Corp.

Aurvista Gold Corporation is a junior gold exploration and development company with 85,689,121 shares shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt Stock Exchange and OTC Pink Sheets in the U.S. Aurvista’s only asset is the Douay Gold Project totaling 287 claims for 145.3 km². The project is located along the gold-bearing Casa Berardi Deformation Zone in northern Quebec. Details can be viewed on the Company’s website at www.aurvistagold.com.

For further information please contact:

Mr. Jean Lafleur, P. Geo.
President and CEO, Director
Cell +1 514 927 3633

Mr. Bryan Keeler
Chief Financial Officer
+1 416 504 4126

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Forward-Looking Statements

This news release may contain forward-looking statements based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Aurvista Gold Corporation’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.aurvistagold.com.

SOURCE: Aurvista Gold Corporation

ReleaseID: 441126

BURLINGTON, ON / ACCESSWIRE / June 14, 2016 / Green Swan Capital Corp. (TSXV: GSW) (“Green Swan”) announces that it has closed the previously announced 100% acquisition of the Copper Prince property in Falconbridge Township in the Sudbury Mining Division, Ontario.

Green Swan intends to focus its exploration efforts on the historic cobalt indicators.

Copper Prince is a block of 16 contiguous patented mining claims (260 hectares) in the Sudbury Basin, an area renowned for its world-class polymetallic sulphide ore deposits. They lie within the Huronian Gold Belt, a prolific zone of past gold producers that extends a distance of roughly 120 kilometers. Mining infrastructure, labour and knowledge are easily accessible in this mining-friendly jurisdiction.

Exploration work on Copper Prince has been carried out by various parties since the late 1880’s. Some historic data cannot be found. Green Swan has found two prior NI 43-101 reports on Copper Prince prepared for third parties and filed at SEDAR, which reports summarize the historic work carried out and some of the recent results obtained. These results have not been verified by Green Swan’s Qualified Person.

A notable cobaltite-in-quartz zone is described in the September, 2008 technical report as being found in the southeast claims comprising a 30-40cm wide quartz vein on the contact of the Nipissing Diabase with coarse grained cobaltite.

One historic sample from Copper Prince, number A195883, assay by Bell White Laboratories in Haileybury, ON (October 1991), returned 3.26% Cobalt, with 14 g/t Gold. A second sample, number A195885 assayed 2.62% Cobalt (Co) and 0.88% Nickel (Ni). Both samples had traces of copper, silver and PGE. Only the assay results were verified to the original Bell-White Certificate, but not the sampling method, location, delivery nor procedures of the person who collected these samples.

Green Swan is awaiting assay results from samples taken during its late May, 2016 technical due diligence review. These results will be disclosed as soon as possible. Apart from those samples and a review of the historic record, Green Swan has done no work on Copper Prince.

“Our team has been actively searching for a Canadian cobalt property for almost a year, as we believe there will soon be a global cobalt shortage,” said Peter M. Clausi, Green Swan’s CEO. “Cobalt is needed to create lithium ion batteries for handheld devices, power tools, laptops, and electric vehicles. It is estimated that each Model 3 to be sold by Tesla Motors will consume 15 kg of cobalt. Tesla intends to sell 500,000 Model 3’s by 2018, which results in 7,500,000 kg of additional cobalt demand driven only by the Model 3. Combining overall growth in the battery market with falling cobalt production out of the Democratic Republic of Congo should lead to a significant supply gap.”

To fund the first round of exploration on Copper Prince, Green Swan announces its intention to effect a flowthrough financing in an amount up to $100,000 by offering up to 1,052,632 Flowthrough Units priced at $0.095 (nine point five cents) per Unit. Each Flowthrough Unit will comprise of one flowthrough share and one full 12-cent warrant with a 12-month term. Green Swan also announces its intention to carry out a hard dollar financing in an amount up to $100,000 by offering up to 1,250,000 Common Units priced at $0.08 (eight cents) per Common Unit. Each Common Unit will comprise of one common share and one full 12-cent warrant with a 12-month term. Both financings are subject to regulatory approval.

Green Swan also announces it has closed on the previously announced $50,000 equity financing and $30,000 loan (see the May 24, 2016 press release for details), and that the debenture financing announced April 25, 2016 will not proceed.

Green Swan also announces it will no longer pursue the marijuana or the real estate industry. Despite over two years of searching and the due diligence review of hundreds of opportunities in these areas, Green Swan could find no viable opportunity that justified risking the shareholders’ equity. With respect to the marijuana industry, the legislative risk was too great to overcome.

Risk associated with the Copper Prince acquisition include those common to mining exploration in Ontario, in addition to commodity pricing, management and board quality, execution and the ability to raise such capital as may be needed to fund the business plan.

Green Swan’s website http://www.greenswancapital.com is under construction and will soon be re-launched to include the historic NI 43-101 documents referred to above, and data related to the pending global cobalt shortage.

Scot Halladay, P.Geo. is the qualified person for this release and has approved its contents.

About Green Swan Capital Corp.

Green Swan Capital Corp. is a Canadian company with only 32,971,179 shares outstanding, an aggressive growth strategy and a proven leadership team. Green Swan is well-poised to deliver real value to its shareholders.

Forward Looking Statements

This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Green Swan cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what Green Swan currently foresees. Discussion of the various factors that may affect future results is contained in Green Swan’s recent filings, available on SEDAR. Green Swan assumes no liability for repeating or referring to any facts, statements, releases, data or reports disseminated by any other issuer. Any reference to any other issuer should be cross-checked for accuracy and context by the reader. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

On Behalf of the Board of Directors
Green Swan Capital Corp.

“Peter M. Clausi”

Peter M. Clausi
President, CEO and Director

For Further Information:
Peter M. Clausi
pclausi@greenswancapital.ca
1-905-681-1925 x2

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Green Swan Capital Corp.

ReleaseID: 441127