NEW YORK, NY / ACCESSWIRE / May 28, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

Fifth Third Bancorp (NASDAQ: FITB)

Investors Affected : February 26, 2016 – March 6, 2020

A class action has commenced on behalf of certain shareholders in Fifth Third Bancorp. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) as a result of Fifth Third Bank's aggressive incentive policies to promote its cross-sell strategy, Fifth Third Bank employees engaged in unauthorized conduct with customer accounts; (ii) since at least 2008, Fifth Third Bank, and by extension, Fifth Third, was aware of such unauthorized conduct and, thus, that it was violating relevant regulations and laws aimed at protecting its consumers; (iii) Fifth Third failed to properly implement and monitor its cross-sell program, detect and stop misconduct, and identify and remediate harmed consumers; (iv) all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (v) Fifth Third's revenues were in part the product of unlawful conduct and thus unsustainable; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/fifth-third-bancorp-loss-submission-form/?id=6962&from=1

Baidu, Inc. (NASDAQ: BIDU)

Investors Affected : March 16, 2019 – April 7, 2020

A class action has commenced on behalf of certain shareholders in Baidu, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Baidu's feed services were not in compliance with applicable Chinese regulatory standards; (ii) the foregoing noncompliance subjected the Company to a heightened risk of regulatory enforcement, including the removal or suspension of certain of Baidu's services and products; (iii) accordingly, the Company's revenues derived from online marketing services were unlikely to be sustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/baidu-inc-loss-submission-form/?id=6962&from=1

Ryder System, Inc. (NYSE: R)

Investors Affected : July 23, 2015 – February 13, 2020

A class action has commenced on behalf of certain shareholders in Ryder System, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Ryder's financial results were inflated as a result of the Company's practice of overstating the residual values of the vehicles in its fleet; (2) there was no reasonable basis to believe that Ryder would sell its used vehicles for the amounts that it had assigned to them; (3) Ryder's residual values for its fleet of vehicles exceeded the expected future values that would be realized upon the sale of those vehicles; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Shareholders may find more information at https://securitiesclasslaw.com/securities/ryder-system-inc-loss-submission-form/?id=6962&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

ReleaseID: 591777

NEW YORK, NY / ACCESSWIRE / May 28, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Gossamer Bio, Inc. (NASDAQ: GOSS)

CONTACT JAKUBOWITZ ABOUT GOSS:
https://claimyourloss.com/securities/gossamer-bio-inc-loss-submission-form/?id=6961&from=1

The GOSS lawsuit is on behalf of investors who purchased GOSS common stock between February 8, 2019 and December 13, 2019 and/or who acquired Gossamer shares pursuant or traceable to Gossamer's documents issued in connection with its February 8, 2019 initial public offering.

Lead Plaintiff Deadline : June 2, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose: (1) the reasons for Gossamer's GB001 trial failures; (2) the purported clinical validation of Novartis' oral DP2 antagonist; and (3) that, as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

Zoom Video Communications, Inc. (NASDAQ: ZM)

CONTACT JAKUBOWITZ ABOUT ZM:
https://claimyourloss.com/securities/zoom-video-communications-inc-loss-submission-form/?id=6961&from=1

Class Period : April 18, 2019 – April 6, 2020

Lead Plaintiff Deadline : June 8, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Zoom had inadequate data privacy and security measures; (ii) contrary to Zoom's assertions, the Company's video communications service was not end-to-end encrypted; (iii) as a result of all the foregoing, users of Zoom's communications services were at an increased risk of having their personal information accessed by unauthorized parties, including Facebook; (iv) usage of the Company's video communications services was foreseeably likely to decline when the foregoing facts came to light; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Groupon, Inc. (NASDAQ: GRPN)

CONTACT JAKUBOWITZ ABOUT GRPN:
https://claimyourloss.com/securities/groupon-inc-loss-submission-form/?id=6961&from=1

Class Period : November 4, 2019 – February 18, 2020

Lead Plaintiff Deadline : June 29, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing fewer customer engagements in its Goods category; (2) Groupon relied on its Goods category to drive its sales, especially during the holiday season; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law

ReleaseID: 591776

NEW YORK, NY / ACCESSWIRE / May 28, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

GSX Techedu Inc. (NYSE: GSX)

CONTACT JAKUBOWITZ ABOUT GSX:
https://claimyourloss.com/securities/gsx-techedu-inc-loss-submission-form/?id=6960&from=1

Class Period : June 6, 2019 – April 13, 2020

Lead Plaintiff Deadline : June 16, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) GSX overstated its profitability, revenue, student enrollment figures, teacher qualifications, and teacher selection process; (ii) the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Hallmark Financial Services, Inc. (NASDAQ: HALL)

CONTACT JAKUBOWITZ ABOUT HALL:
https://claimyourloss.com/securities/hallmark-financial-services-inc-loss-submission-form/?id=6960&from=1

Class Period : March 5, 2019 – March 17, 2020

Lead Plaintiff Deadline : July 6, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; (2) the Company improperly accounted for reserve for unpaid losses and loss adjustment expenses related to its Binding Primary Commercial Auto business; (3) as a result, Hallmark Financial would be forced to report a $63.8 million loss development for prior underwriting years; (4) as a result, Hallmark Financial would exit from its Binding Primary Commercial Auto business; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Grand Canyon Education, Inc. (NASDAQ: LOPE)

CONTACT JAKUBOWITZ ABOUT LOPE:
https://claimyourloss.com/securities/grand-canyon-education-inc-loss-submission-form/?id=6960&from=1

Class Period : January 5, 2018 – January 27, 2020

Lead Plaintiff Deadline : July 13, 2020

According to a filed complaint, statements made by Defendants were false and/or misleading because, following Grand Canyon's spin-off of its educational assets as Grand Canyon University ("GCU"): (i) GCU would not be a proper non-profit organization as it would remain under the control of Grand Canyon, and (ii) Grand Canyon would not be a third-party service provider to GCU but rather would continue to effectively operate the entity, and (iii) Grand Canyon employees served as executives of GCU and (iv) GCU functioned as an off-balance-sheet entity to which Grand Canyon would be able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon's financial results.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law

ReleaseID: 591775

NEW YORK, NY / ACCESSWIRE / May 28, 2020 / Zedge, Inc., (NYSE American:ZDGE) will report financial and operational results for the third quarter 2020 (the three months ended April 30, 2020).

Zedge's earnings release will be filed on Form 8-K and posted on the Zedge investor relations website (http://investor.zedge.net) at approximately 4:10PM Eastern on June 11, 2020.

Zedge's management will host an earnings conference call beginning at 4:30PM Eastern. Management's presentation of the results, outlook and strategy will be followed by Q&A with investors.

To participate in the call, please dial Toll Free: 844-602-0380 or International: 862-298-0970 at least five minutes before the 4:30PM Eastern start and ask for the Zedge earnings conference call.

The call will also be webcast through the following link and will be live through Friday, September 11, 2020:

https://www.webcaster4.com/Webcast/Page/2205/34710

Following the call and continuing through Thursday, June 25, 2020 a call replay will be available by dialing Toll Free: 877-481-4010 or International: 919-882-2331 and entering the replay access code: 34710

About Zedge: Zedge offers a state-of-the-art digital publishing platform that powers our consumer-facing app availing users with a host of digital content – wallpapers, video wallpapers, ringtones, and stickers. We are evolving by developing new apps run on top of our publishing platform and generally focus on the entertainment vertical. Our creators are amateur and professional artists as well as new and major brands who can easily launch a virtual storefront in Zedge where they can market and sell their content to our user base. Our app has been downloaded more than 420 million times, has more than 34 million monthly active users and has consistently been ranked as one of the most popular free apps in Google Play in the US.

Contact:

Jonathan Reich 
ir@zedge.net

SOURCE: Zedge, Inc.

ReleaseID: 591629

Jadestone Energy Reports Results for the Period Ending March 31, 2020
Strong Ongoing Cash Flow Generation

SINGAPORE / ACCESSWIRE / May 28, 2020 / Jadestone Energy Inc. (AIM:JSE) ("Jadestone", or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, reported today its consolidated interim unaudited financial statements (the "Financial Statements"), as at and for the three-month period ended March 31, 2020. Management will host a conference call today at 9:00 a.m. UK time, details of which can be found in the release below.

Paul Blakeley, President and CEO commented:

"I'm pleased to report another quarter of cash flow delivery and ongoing strengthening of our balance sheet. Prices realised for our production remain well above the Brent benchmark and are further bolstered by downside price protection through our hedging programme. At the same time, we have opted to utilise the substantial flexibility inherent in our 2020 spending plans, to reduce this year's capex by 80%.

The combined effect is that we continue to strengthen our net cash position, which now stands at US$72 million and affords us the comfort to re-affirm plans to pay our first dividend later this year, as previously committed. We are building a business that is resilient on all fronts, and can continue to thrive even in a low price environment, with an operating cashflow break-even oil price for the remainder of the year reduced to US$20/bbl.

While the challenges presented by the Covid-19 pandemic, and related global economic slowdown, will impact everyone in some way, we are remaining vigilant in how we manage our operations and the welfare of our colleagues and, to this point, we have experienced no disruptions to offshore operations. We remain committed to operating within the guidelines and expectations set out by local authorities, but we are optimistic that the global measures taken to date, can now begin to be scaled back, and that both oil demand and prices will continue their early upward trend.

At the same time, we are also optimistic about the potential for new M&A opportunities to present themselves as a result of the current challenging environment. We will not deviate from our stringent approach to screening, nor our exclusive focus on the Asia Pacific region, but we are well positioned to leverage our strong financial position as an acquirer. As always, our focus is on identifying and acquiring assets which offer the potential for substantial value generation through incremental investment."

Financial highlights

Net revenue for Q1 2020 was US$74.2 million, down 19% from Q4 2019, and up 32% on Q1 2019;
Average realised oil price of US$64.09/bbl, 7% lower than Q4 2019, and 5% lower than Q1 2019. Realised prices reflect an average premium over Brent of ~US$11.50/bbl;
Costs of production were US$26.5 million for Q1 2020, excluding non-recurring costs and workovers, remaining fairly stable compared to Q4 2019, and down US$1.9 million from Q1 2019;
On a unit basis, cash opex increased to US$24.99/bbl1, up 27% from Q4 2019 due to weather downtime and increased maintenance in Q1 2020, and up 3% from Q1 2019;
Positive cash generated from operations, before changes in working capital, of US$36.0 million in Q1 2020, compared to US$58.0 million in Q4 2019, and US$27.5 million in Q1 2019;
Adjusted EBITDAX of US$30.92 million, 48% lower than Q4 2019, and 34% higher than Q1 2019;
Gross cash and bank balances of US$119.43 million at March 31, 2020, versus US$99.43 million at December 31, 2019; and
Net cash of US$72.14 million at March 31, 2020, versus net cash of US$39.34 million at December 31, 2019.

Operational highlights

Implemented measures to protect the well-being of personnel and to mitigate the specific risks and challenges posed by the Covid-19 pandemic;
Continued safe operations at all assets, with no significant recordable personnel or environmental incidents, and no disruptions to offshore operations due to the Covid-19 pandemic and response;
Produced an average of 11,665 bbls/d, 21% lower than Q4 2019 due to weather downtime and increased maintenance in Q1 2020, and 11% lower than Q1 2019;
2020 production guidance of 12,000-14,000 bbls/d for the year;
Successfully completed a 3D seismic acquisition across the Montara area; and
Maari acquisition on track to complete in H2 2020.

Corporate highlights

Reduced the Company's planned 2020 spending guidance by 80% to US$30-35 million, by delaying the Nam Du and U Minh gas field developments, offshore Vietnam, and deferring the Australia infill drilling campaign into 2021;
Initiated Project Clover, a Company-wide cost efficiency and capital savings programme, which has locked in 2020 savings of US$3/bbl to date, and targets a total of US$5/bbl of 2020 savings;
Operating cashflow break-even oil price for the remainder of the year reduced to US$20/bbl;
Re-affirmed the Company's plans for its maiden dividend payment to shareholders for later in 2020, with a targeted range of US$7.5-12.5 million; and
Published the Company's maiden annual report and sustainability report.

Click on, or paste the following link into your web browser, to view the full announcement.
http://www.rns-pdf.londonstockexchange.com/rns/1962O_1-2020-5-28.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Jadestone Energy Inc.

ReleaseID: 591766

VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / IMC International Mining Corp. (CSE:IMCX)(OTC PINK:IMIMF)(FRA:3MX) (the "Company" or "IMC"), announces that it has become aware of a recent report (the "Report") which contains numerous uninformed, misleading and slanderous statements about the Company and its projects. The information contained in the Report appears to be based, for the most part, on a fundamental misunderstanding of, or deliberate contortion of facts pertaining to, the global mineral exploration industry and basic geology. The Company warns that the Report may have been published to manipulate the Company's share price and to mislead investors.

IMC International Mining Corp would like to recap that:

It has a dedicated team of professionals directing and managing the Company. These individuals have successful track records working in the exploration and mining industries in Canada and Internationally.
It has recently closed two brokered private placements totalling CAD $1,768,719.68, led by Gravitas Securities Inc., and involving a significant due diligence review of the Company.
It is in a stable financial position with additional capital access of up to CDM $8-million through Alumina Partners, LLC.
It has recently announced exploration results from the Cathedral Area and the Gail/Cirque Areas that lie within its 206 km2 Thane Property.
It is on track and funded for its Phase-1, 2020 work program, which will consist of geologic mapping, geochemistry, and geophysics work, all with the purpose of delineating drill targets in the Cathedral Area.

The Company will continue to issue news releases disclosing results from exploration conducted at the Thane Property. The team remains focused and is working towards preparing for its summer work program.

Brian Thurston, Chief Executive Officer of IMC, remarked, "The Management team remains dedicated to its exploration program and will continue to provide results from the on-going compilation of work at the Thane Property as such results become available. The Company is in a stable financial position, which will allow us to move forward with our summer work program and prepare for a drilling program." He also stated, "We ask that investors be aware that the Report reflects clearly uninformed, or deliberately misleading, positions which demonstrate a fundamental misunderstanding of the mineral exploration industry and of basic geological information."

ON BEHALF OF THE BOARD OF DIRECTORS

Brian Thurston

Chief Executive Officer and President

ABOUT INTERNATIONAL MINING CORP.

IMC is a junior exploration and development company focused on creating shareholder value through the advancements of its current assets that include the Thane Property in north-central British Columbia, and the Bullard Pass Property in Arizona. Utilizing its experienced management team, IMC continues to source and evaluate assets to further generate shareholder value.

The Thane property covers approximately 206km2 (50,904 acres) and is located in the Quesnel Terrane of north-central British Columbia. The northern part of the Quesnel Terrane extends from south of the Mt. Milligan Mine northward to the Kemess Mine, with the Thane property located midway between these two copper-gold porphyry deposits. The Thane property includes several highly prospective mineralized areas identified to date, including the ‘Cathedral Area' on which the Company's exploration is currently focused.

The Bullard Pass Property is comprised of 171 unpatented federal lode claims totaling 3,420 acres and is located in west-central Arizona, northwest of Phoenix, within the Pierce Mining District of Yavapai County. The property has a regional setting typical of detachment fault gold deposits and has geological, mining and metallurgical similarities to the Mesquite Mine in California. The claims are 100% owned by IMC International Mining Corp.

INVESTOR RELATIONS:
ir@internationalmining.ca
1 (604) 588-2110
https://imcxmining.com

Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable securities laws, including with respect to undertaking further acquisition and carrying out exploration activities in respect of its mineral projects. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, that the Company does not complete any further acquisitions; that the Company does not carry out exploration activities in respect of its mineral projects as planned (or at all); and that the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.

The CSE has not reviewed, approved or disapproved the content of this press release

SOURCE: IMC International Mining Corp.

ReleaseID: 591761

VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") is pleased to announce it is mobilizing crews and equipment for exploration drilling and trenching on properties near Greenwood in southern British Columbia.

The field season will begin in June with drilling and trenching activities, as well as general geological investigations and rock sampling. Importantly this year, preparations for field programs will first start with development and implementation of protocols and measures to prevent and control the risk of transmission of COVID-19.

Exploration field activities will commence on the permitted Providence property, where previous investigations identified an historic mine on a polymetallic silver vein target and a number of outcropping sulphide showings with copper-gold-silver skarn and/or vein type mineralization.

Massive sulphide from historic pit.
0.23% copper and 3.4 g/t silver

Vein quartz from historic mine
3.87 g/t gold and 100 g/t silver

Following completion of compilation work and initial field examinations, permit applications will be made for the nearby Amelia and Bud-Elk properties where gold-quartz veins and gold-copper skarn mineralization has been explored and mined historically. Trenching and drilling is planned for these properties.

Photos of historic mine site on Ximen's Providence mineral claim – evidence of significant excavation work done in the past.

As the season progresses, work will also be done on Ximen's many other promising properties in southern B.C., including the Brett epithermal gold property, the Treasure Mountain silver property, the Quartz Mountain gold property, and the Hughes copper-silver property.

Analyses disclosed in this release were conducted by ALS Global – Geochemistry Analytical Lab in North Vancouver, BC, Canada. ALS is an independent, fully accredited commercial laboratory. Gold was determined by the fire assay method using a 50 gram sample weight. Other metals were analyzed as part of a 33-element package using a four acid digestion and determination by ICP-AES.

Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.

On behalf of the Board of Directors,

"Christopher R. Anderson"

Christopher R. Anderson,
President, CEO and Director
604-488-3900

Investor Relations:

Sophy Cesar,
604-488-3900,
ir@XimenMiningCorp.com

Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under a option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

This press release contains certain "forward-looking statements" within the meaning of Canadian securities This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

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: Ximen Mining Corp.

ReleaseID: 591744

Second-generation Allergen Immunotherapy with COP-virosomes, based on Anergis Contiguous Overlapping Peptides (COP) linked to Mymetics' virosomes were tested by Stallergenes Greer in a therapeutic model of birch pollen allergy.
The results showed that a treatment with COP-virosomes was able to cure allergic asthma in birch pollen sensitized mice.
The COP-virosomes were significantly superior to the COP or the virosome alone, confirming the synergy between COP and virosomes to foster an improved second generation AIT treatment.
The results of the study will soon be published.

EPALINGES, SWITZERLAND / ACCESSWIRE / May 28, 2020 / Mymetics Corporation (OTCQB:MYMX), a pioneer and leader in the research and development of virosome-based vaccines and immunotherapies against life threatening and life disabling diseases, announced today that Stallergenes Greer, a worldwide leader in allergen immunotherapy (AIT) and Anergis, a leader in ultra-fast AIT research and development, reported the results of a joint research study evaluating the effects of the second generation Contiguous Overlapping Peptides (COP) allergen immunotherapy in a therapeutic model of birch allergy, with the aim of shortening the AIT administration schemes.

In 2018, Anergis and Mymetics reported that the COP-Virosomes were able to elicit a strong boost in TH1 antibody response without any IgE response, unlike the first generation of Anergis' COPs associated with aluminum hydroxide.

In this new study conducted by Stallergenes Greer, COP-Virosomes, and COP and virosomes alone were compared to a placebo group in an in-house therapeutic model of birch pollen allergy. Recombinant Bet v 1 alone (the major allergen of birch pollen) and birch extract were also used as controls in this setting.

COP-virosomes were the only synthetic therapy able to fully reverse asthma symptoms as well as lung inflammation (i.e. significant reduction in eeosinophils in bronchial fluids). Pro-allergic immune responses also decreased with COP-virosome therapy with a significant decrease of the IL-4, a Th2 cytokine. The results of the study will soon be published.

"This new data confirms that COP-virosomes are likely to be more efficacious clinically than a recombinant allergen or than our first generation COP allergy vaccines which did not include the Mymetics' virosomes. COP-virosomes may thus represent a breakthrough AIT treatment of the future," said Vincent Charlon, CEO of Anergis.

"This thorough study by Stallergenes Greer is a second confirmation of the potential for the COP-virosomes allergy therapy and we now look forward to turn this into a business opportunity and developing a safe and ultra fast immunotherapy against birch pollen allergy with Anergis," said Ronald Kempers, CEO of Mymetics.

About Mymetics

Mymetics Corporation (OTCQB:MYMX) is a Swiss based biotechnology company, with a research lab in the Netherlands, focused on the development of next-generation preventative vaccines for infectious and life disabling diseases. It currently has several vaccines in its pipeline: HIV-1/AIDS and, malaria, in addition to several ongoing collaborative projects in the field of allergy and oncology immunotherapy.

Mymetics' core technology and expertise are in the use of virosomes, lipid-based carriers containing functional fusion viral proteins and natural membrane proteins, in combination with rationally designed antigen and adjuvants. For further information, please visit www.mymetics.com.

Contacts:

Mymetics Corporation
Ronald Kempers, CEO
Tel: +41 21 653 4535 / info@mymetics.com

Forward looking statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements, which are identified by the words "believe," "expect," "anticipate," "intend," "plan" and similar expressions. The statements contained herein which are not based on historical facts are forward-looking statements that involve known and unknown risks and uncertainties that could significantly affect our actual results, performance or achievements in the future and, accordingly, such actual results, performance or achievements may materially differ from those expressed or implied in any forward-looking statements made by or on our behalf. These risks and uncertainties include, but are not limited to, risks associated with our ability to successfully develop and protect our intellectual property, our ability to raise additional capital to fund future operations and compliance with applicable laws and changes in such laws and the administration of such laws. See Mymetics' most recent Form 10-K for a discussion of such risks, uncertainties and other factors. Readers are cautioned not to place undue reliance on these forward- looking statements which speak only as of the date the statements were made.

SOURCE: Mymetics Corporation

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