Monthly Archives: September 2020

Perimeter Medical Imaging AI to Present at the Virtual Gravitas Healthcare Investor Day

TORONTO, ON / ACCESSWIRE / September 29, 2020 / Perimeter Medical Imaging AI, Inc. (TSXV:PINK)(FSE:4PC), a medical technology company driven to transform cancer surgery with ultra-high-resolution, real-time, advanced imaging tools to address areas of high unmet medical need, announced today that Jeremy Sobotta, Perimeter's President and CFO will present a company overview at the Gravitas Healthcare Investor Day on Thursday, October 1, 2020 at 12:00 p.m. ET.

The live presentation will be webcast and may be accessed on Perimeter's website under the "Investors" section at https://ir.perimetermed.com/.

This year's Gravitas Healthcare Investor Day will feature several leaders in healthcare and will be attended virtually by institutional and retail investors from North America and abroad. For additional details about the conference and Gravitas Securities Inc., please visit: www.gravitassecurities.com

Conference Details:

Event: Gravitas Healthcare Investor Day (virtual)

Date: Thursday, October 1, 2020

Time: 9:00 a.m. to 5:30 p.m. ET

Registration: Register by clicking here

About Perimeter Medical Imaging AI, Inc.

Perimeter Medical Imaging AI (TSXV:PINK; FSE:4PC) is a Toronto-based company with U.S. headquarters in Dallas, Texas that is developing, with plans to commercialize, advanced imaging tools that allow surgeons, radiologists, and pathologists to visualize microscopic tissue structures during a clinical procedure. Perimeter's OTIS™ platform is a point-of-care imaging system that provides clinicians with real-time, ultra-high-resolution, sub-surface image volumes of the margin (1-2 mm below the surface) of an excised tissue specimen.

The ability to visualize microscopic tissue structures during a clinical procedure in addition to standard of care tissue assessment for decision making during the procedure has the potential to result in better long-term outcomes for patients and lower costs to the healthcare system. Perimeter's OTIS™ platform is cleared by FDA as an imaging tool in the evaluation of excised human tissue microstructure by providing two-dimensional, cross-sectional, real-time depth visualization, with image review manipulation software for identifying and annotating regions of interest. In addition, Perimeter is developing advanced artificial intelligence/machine learning image assessment tools intended to increase the efficiency of review.

Perimeter's ticker symbol "PINK" is a reference to the pink ribbons used during Breast Cancer Awareness Month by the Canadian Cancer Society and the American Cancer Society, driving home the company's dedication to helping surgeons, radiologists and pathologists use Perimeter's imaging technology and AI (Artificial Intelligence) in the fight against breast cancer, which is estimated to account for 30% of all female cancer diagnoses this year.

CONTACT:

Jodi Regts
Corporate Communications / Investor Relations
Perimeter Medical Imaging AI, Inc.
+1 778-999-5634
media@perimetermed.com

Neither TSX Venture Exchange nor its Regulations 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: Perimeter Medical Imaging

ReleaseID: 608210

Hepion Pharmaceuticals to Present at H.C. Wainwright’s 4th Annual NASH Virtual Investor Conference

EDISON, NJ / ACCESSWIRE / September 29, 2020 / Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA), a biopharmaceutical company focused on the development of therapeutic drugs for the treatment of liver disease arising from non-alcoholic steatohepatitis ("NASH"), today announced that Dr. Robert Foster, Hepion's CEO, will present virtually at the H.C. Wainwright 4th Annual NASH Conference on Monday, October 5, 2020 at 4:00 p.m. E.T.

The presentation will be broadcast live and archived on the Company's website at www.hepionpharma.com under "Events" in the Investors section.

About Hepion Pharmaceuticals

Hepion Pharmaceuticals is a clinical stage biopharmaceutical company focused on the development of targeted therapies for liver disease arising from non-alcoholic steatohepatitis (NASH) and other types of hepatitis. The Company's lead drug candidate, CRV431, reduces liver fibrosis and hepatocellular carcinoma tumor burden in experimental models of NASH. Preclinical studies also have demonstrated antiviral activities towards HBV, HCV, and HDV through several mechanisms. These diverse therapeutic activities result from CRV431's potent inhibition of cyclophilins, which are involved in many disease processes. Currently in clinical phase development, CRV431 shows potential to play an important role in the overall treatment of liver disease – from triggering events through to end-stage disease.

For further information, please contact:

Stephen Kilmer
Hepion Pharmaceuticals Investor Relations
Direct: (646) 274-3580
skilmer@hepionpharma.com

SOURCE: Hepion Pharmaceuticals, Inc.

ReleaseID: 608179

Sigma Labs Awarded Contract by Major Oil and Gas Services Company

Leading Global Energy Technology Provider Begins Production Use of PrintRite3D In-Process Quality Assurance

SANTA FE, NM / ACCESSWIRE / September 29, 2020 / Sigma Labs, Inc. (NASDAQ:SGLB) ("Sigma Labs"), a leading developer of quality assurance software for the commercial 3D printing industry, has been awarded a contract for an initial system by a leading global energy technology provider, to begin production deployment of PrintRite3D® in-process quality assurance software, following a successful Rapid Test and Evaluation (RTE) program. The extensive evaluation process involved running PrintRite3D® on an EOS single laser machine and a SLM dual laser machine. The customer's engineers worked in collaboration with Sigma's engineering team to address issues specific to their application of the PrintRite3D technology.

"The conversion from our RTE program to beginning production deployment is a testament to the traction our enabling technology is garnering in the additive manufacturing industry," said Mark Ruport, Chief Executive Officer of Sigma Labs. "The customer is a well-respected industry leader known for their innovative technology and superior service. We look forward to working with their additive manufacturing team to drive improved and serial printing quality on their production lines."

This contract follows a recent announcement by Sigma Labs regarding the sale of an initial production system to Mitsubishi Heavy Industries. Both customers have aggressive additive manufacturing initiatives that will provide them with the flexibility to address the on-demand production of critical metal parts. According to The Wohlers Report 2020, the 2019 additive manufacturing (AM) industry consisting of all AM products and services worldwide, grew 21.2 percent to $11.9 billion and is expected to grow at a compound annual growth rate (CAGR) of 27.8% from 2020 to 2027. Increasing penetration of metal 3D printing owing to greater design flexibility, low waste, and cost effectiveness in the overall manufacturing landscape is estimated to be a key factor driving the market.

"I am very pleased with the manner in which our engineers addressed each company's specific requirements," said Darren Beckett, Sigma Labs CTO. "It demonstrates the flexibility and adaptability of the PrintRite3D architecture as well as our ability to meet the ever-increasing demands of a growing and dynamic industry."

About Sigma Labs
Sigma Labs Inc. (NASDAQ:SGLB) is a leading provider of quality assurance software to the commercial 3D metal printing industry under the PrintRite3D® brand. Sigma specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D® for 3D metal advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real-time during the manufacturing process and informs the production manager of quality issues. Sigma Labs believes its software product will be a major catalyst for the acceleration and adoption of 3D metal printing. For more information, please visit www.sigmalabsinc.com.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors, including, but not limited to, the uncertain effect of the COVID-19 pandemic on Sigma Labs' business, results of operations and financial condition, which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Annual Report on Form 10-K (including but not limited to the discussion under "Risk Factors" therein) filed with the SEC on March 24, 2020 and which may be viewed at www.sec.gov.

CONTACTS:
Investor Contact:
Chris Tyson
Managing Director
MZ Group – MZ North America
949-491-8235
SGLB@mzgroup.us
www.mzgroup.us

Company Contact:
Steven Gersten
Sigma Internal IR
813-334-9745
investors@sigmalabsinc.com

SOURCE: Sigma Labs, Inc.

ReleaseID: 607914

Innovest’s Building Solutions Division Growing Rapidly Through New Acquisition and Expanded Products and Services

New Product Pipeline Driving Sales with $1.5 Million in Contracted Design Builds

CLEVELAND, OH / ACCESSWIRE / September 29, 2020 / Innovest Global Inc. (OTC PINK:IVST), a diversified industrials company, announced it is experiencing rapid growth in the Building Solutions division, which provides design, build and manufacturing services for ground-up construction and build-outs in commercial and industrial facilities.

Building Solutions recently completed the asset purchase of a Charlotte, NC based general contractor that has been in business for over 20 years, a cash-flow positive business that will be rolled into the Innovest Global platform to realize cost synergies and drive sustained organic growth. The addition of this general contractor has expanded Innovest's capabilities beyond manufacturing to a fully self-performing business which increases margin while providing a true end to end solution for our customers.

Building Solutions now provides products including traditional stick frame construction, and recently launched unique modular manufactured living units for low to mid-rise applications and manufacturing of building envelope systems for low, mid- and high-rise construction. With the introduction of the two new products and a redefined approach the Company has been awarded just over $1.5 million in new contracts and anticipates several additional contracts in the next 60 days.

"The slowdown of new construction across the country earlier this year allowed us to evaluate each business segment of our company," stated Damon Mintz, Chief Executive Officer of Innovest Global. "With a new approach, product pipeline and acquisition, we are mitigating our risk through diversification and now seeing rapid growth. The next few months should be very exciting for the company as we expect multiple large contracts to be awarded by the end of 2020 bringing significant revenue to Innovest, and value to our shareholders."

About Innovest Global, Inc.

Innovest Global, Inc. (OTC: IVST) is a diversified industrial company applying technology and innovation to provide value-added solutions across multiple business markets. Innovest Global builds long-term shareholder value by acquiring established industrial businesses on favorable terms, realizing synergies and achieving organic growth through investments in innovative technology and business systems. For more information, please visit www.innovestglobal.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the OTC Markets. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Investor Contact:
Chris Tyson
Executive Vice President
MZ Group – MZ North America
949-491-8235
IVST@mzgroup.us
www.mzgroup.us

Brokers and Analysts:
Chesapeake Group
+1-410-825-3930
info@chesapeakegp.com

SOURCE: Innovest Global Inc.

ReleaseID: 608154

GH Capital’s Vitana-X Setting Plans to Launch in U.S. and Canada

Targeting a First Quarter 2021 Major Event

MIAMI, FL / ACCESSWIRE / September 29, 2020 / GH Capital, Inc. (OTC PINK:GHHC), through its Vitana-X subsidiary, a provider of comprehensive programs for greater well-being, fitness and health with a wellness network marketing program, is pleased to announce that the prelaunch phase for the U.S. and Canadian markets will be initiated in a few weeks. Vitana-X has already taken the appropriate steps in the areas of ​​product approvals, logistics and administration.

"We have been working towards this special moment for a long time," stated, Bernhard Sammer, Co-Founder of Vitana-X Inc. "The U.S. American and North American markets in general undoubtedly offer a significantly high potential and I think that Vitana-X combines a contemporary philosophy and also a highly attractive business opportunity."

The prelaunch phase will offer the possibility of pre-registration for business and cooperation partners. The official start is planned after the prelaunch phase and will take place in the first quarter of 2021. Vitana-X co-founder Bernhard Sammer, continued, "We already have countless inquiries from the United States, where people are telling us that they can hardly wait for our company to start in North America. In particular, the trend of micelle-formulated products and the timing are very attractive for those interested in the business. That is why extensive negotiations with well-known leaders from the U.S. will start this year. "

All details and exact dates, including more information about the prelaunch phase and also the official Vitana-X U.S. opening event will be announced shortly.

About GH Capital / Vitana-X

GH Capital, Inc.'s (OTC: GHHC) Vitana-X, an international wellness company specializing in the development and manufacture of health-promoting products based on DNA analysis. As a pioneer in this industry and a worldwide network of highly qualified experts, it offers its customers extensive opportunities to lead a healthier life. Vitana-X offers comprehensive programs for greater well-being, fitness and health by helping you achieve the desired results and offering exercises that fit your body type. Vitana-X wants to support people in their healthy development and be their reliable partner for their full potential. Vitana-X comes from two worlds and wants to unite them in the future – science and the challenges of daily life, so that its customers can continue to care for other areas of life without sacrificing a healthy life.

For additional information on Vitana-X, please visit: http://vitana-x.net.

Forward-Looking Statements

Forward-Looking Statements. This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Form 10-K filed on December 28, 2019, for the fiscal year ended September 30, 2018, including but not limited to the discussion under "Risk Factors" therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.

Contact Information

press@ghcapital-inc.us
305-714-9397

SOURCE: GH Capital, Inc

ReleaseID: 608244

First Mining Announces Drill Results from its Pickle Crow Gold Project

VANCOUVER, BC / ACCESSWIRE / September 29, 2020 / First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF)(OTCQX:FFMGF)(FRANKFURT:FMG) is pleased to report initial results from the 2020 diamond drill program currently underway at its Pickle Crow Gold Project ("Pickle Crow" or the "Project") located in northwestern Ontario, Canada. Auteco Minerals Ltd ("Auteco") (ASX:AUT), First Mining's partner on Pickle Crow, is advancing the Project by completing a 45,000 metre ("m") drill program aimed at expediting resource growth and testing multiple walk-up targets.

To date, drilling has intersected high-grade gold mineralization in numerous areas up to 250 m outside the current resource area, with additional targets identified for further drilling in 2020.

Highlights:

Hole AUDD0017 intersected 99.35 grams per tonne gold ("g/t Au") over 0.6 m

Including 181 g/t Au over 0.3 m

Hole AUDD0019 intersected 19.64 g/t Au over 1.6 m

Including 59.5 g/t Au over 0.5 m

Hole AUDD0013 intersected 24.45 g/t Au over 1.7 m

Including 122.0 g/t Au over 0.3 m

"We are excited with the initial results intersected by our partner's ongoing drill program", stated Dan Wilton, CEO of First Mining. "Auteco's drill program at Pickle Crow has shown initial success and continues to enlarge the areas of known mineralization and highlight the Project's resource expansion potential."

Auteco commenced its maiden drilling program at Pickle Crow in May this year. To date, nineteen holes totaling 4,464 m have been completed, with assays returned for nine holes and partial assays for a further six holes. Drilling has been successful in intersecting shallow, high-grade mineralization and these results are being followed up with an expanded 45,000 m resource definition and discovery program now underway on site. A 24-person, all-season camp has been established on site to support exploration activities.

To expedite resource growth and enable exploration step-outs, a third drill rig will be mobilized in the coming weeks as part of the expanded drilling program.

Exploration efforts are currently focused on the definition of potential additional resources within the ‘Core Trend', which is host to the current inferred resource and the historical mining and infrastructure. Numerous walk-up drill targets ‘in the shadow of the headframe' have been identified from historical drilling datasets, and the current drilling is adding geological confidence to the significant historical intercepts to enable conversion to JORC and NI 43-101 mineral resources.

Auteco can earn up to an 80% interest in the Company's wholly-owned subsidiary PC Gold Inc. ("PC Gold"), which owns the Project, and their aggressive drilling program is now fully funded following its recent A$30.4m capital raising.

A plan map showing the Pickle Crow mineralized trend, highlighting the latest drill results and new identified zones of mineralization, can be viewed at:

https://www.firstmininggold.com/_resources/news/2020-09-FF-Pickle-Crow-Drill-Results.pdf

Select assay results from the first nineteen holes of the Auteco 2020 drill program are reported below.

Hole ID

From (m)

To (m)

Length (m)

Au g/t

AUDD0001

61

64.05

3.05

3.35

AUDD0003

124.4

132

7.6

2.24

including

127.7

132

4.3

3.36

and

137

141.5

4.5

2.87

AUDD0004

292

301

9

2.91

AUDD0010

43.7

45.2

1.5

6.2

and

237.55

241.9

4.35

2.31

and

261

264

3

7.37

AUDD0013

95.7

97.4

1.7

24.45

including

96

96.3

0.3

122

AUDD0014

147

151.5

4.5

1.75

AUDD0015A

377.5

380.7

3.2

1.77

AUDD0017

167.4

168

0.6

99.35

including

167.4

167.7

0.3

181

AUDD0019

350.15

355

4.85

4.4

and

372

373.6

1.6

19.64

including

372.35

372.85

0.5

59.5

 

Notes:

Assaying for the Auteco drill program was completed by AGAT laboratories in Thunder Bay, Ontario.

Prepared 30 g samples were analyzed for gold by lead fusion fire assay with an atomic absorption spectrometry finish. Samples greater than 5 g/t Au were reassayed by 50 g fire assay with gravimetric finish. All samples greater than 0.2 g/t Au have additionally been sent for pulp metallics (1000 g) with some results still pending. Reported intervals for holes AUDD0001, AUDD0003, AUDD0004 and AUDD0013 do not include all reassay results as they are still pending as at the time of this news release.

Reported widths are drilled core lengths; true widths are unknown at this time
Cut-off grade of 1 g/t Au allowing for 1 m internal dilution

A complete list of the 2020 drill results to date, including hole details, can be viewed at:
https://www.firstmininggold.com/_resources/news/2020-09-29-FF-NR-Auteco-2020-Drill-Results.pdf

Vein 5 Extension Discovery

1.7 m at 24.5 g/t Au from 95.7 m in AUDD0013 (including 0.6 m at 65.2 g/t Au from 96 m and 0.3 m at 122.0 g/t Au from 96 m)
0.6 m at 99.4 g/t Au from 167.4 m in AUDD0017 (including 0.3 m at 181.0 g/t Au from 167.4 m)

A 210 m step-out to the ENE from the current Vein 5 wireframe resulted in the shallow intersection of 1.7 m at 24.5 g/t Au in AUDD0013. Multiple occurrences of visible gold from within the interval provided encouragement for follow up drilling. A further four holes have now been drilled with assays still pending.

Initial assays have also been returned from AUDD0017, 80 m down dip from AUDD0013, which intersected grades of up to 181.0 g/t Au within an interval of 0.6 m averaging 99.35 g/t Au.

Mineralization is associated with quartz-tourmaline-gold shear vein in high-strain, sericite-ankerite altered basalts.

Initial results are highly encouraging, with AUDD0013 and AUDD0017 indicating vertical continuity in the high-grade vein component of mineralization. Drilling is still wide-spaced (80 m x 80 m) and shallow. Narrow, high-grade intercepts of up to 0.31 m at 61 g/t Au in hole 1-26-27 have been intersected on Vein 5 in historical drilling, a further 550 m below the intercept in AUDD0017 (710 m below surface). Although these intercepts appear narrow the historical drilling only sampled the vein itself, with altered and mineralized wall rock discarded.

Coupled with historical indications of high-grade gold on the No. 5 vein at depth, Auteco's drilling provides encouragement for further step-outs in the drilling both to the ENE and WSW, and points to further resource potential from the Vein 5 extension target. Vein 5 remains open in all directions.

Vein 11 Extension and 11 Footwall Discovery

4.85 m at 4.4 g/t Au from 350.15 m in AUDD0019
Vein 11 FW: 1.6 m at 19.6 g/t Au from 372 m in AUDD0019 (including 0.5 m at 59.5 g/t Au from 372.35 m)

Hole AUDD0019 was drilled to a depth of 423 m through the Vein 5 extension target. The hole intersected multiple zones of sub-parallel, high grade mineralization in the footwall of Vein 5.

Vein 11 was intersected with multiple occurrences of visible gold within an interval of 4.85 m at 4.4 g/t Au from 350.15 m. This represents a 120 m step-out from the current Vein 11 resource wireframe with no historical or recent drilling into the extension target in any direction.

Hole AUDD0019 also intersected multiple 20-30 cm quartz-tourmaline-gold veins at 372 m, with initial assays returning up to 59.5 g/t Au within an interval of 1.6 m at 19.6 g/t Au. This represents a previously unrecognized mineralized zone sub-parallel to the trend of Vein 11 outside of current resources. Mineralization remains open in all directions.

Given the reconnaissance nature of the drilling on the No. 11 Vein extensions and footwall mineralization to date, this represents an exciting opportunity for the company to delineate additional resources proximal to existing mine infrastructure.

Vein 112 Target

3 m at 7.4 g/t Au from 261 m in AUDD0010

The Vein 112 discovery was intersected in hole AUDD0010 with 3 m at 7.4 g/t Au intersected at 261 m down hole at the high-strain contact between the mafic volcanics of the Pickle Crow assemblage and the late basin, Temiskaming type conglomerates. The mineralization is marked by multiple 1-30 cm quartz-ankerite-pyrrhotite-pyrite-gold veins, with widespread fuchsite-sericite-ankerite alteration to the selvedge. Mineralization is open along strike and at depth.

Drill Hole Locations

Hole ID

Azimuth ⁰

Dip ⁰

Final Depth (m)

UTM East

UTM North

AUDD0001

223

-60

114.3

704983

5710808

AUDD0002

200

-60

192

705018

5710874

AUDD0003

199

-58

261

705050

5710908

AUDD0004

200

-60

378

705127

5710888

AUDD0005

205

-59

222

705186

5710974

AUDD0006

200

-60

96.7

705119

5710996

AUDD0007

205

-61

387

705102

5710999

AUDD0008

148

-57

204

704735

5710698

AUDD0009

161

-60

225

704783

5710757

AUDD0010

160

-60

309

704755

5710818

AUDD0011

158

-64

107.97

704743

5710857

AUDD0012

161

-58

71.6

704294

5709842

AUDD0013

175

-61

108

704315

5709573

AUDD0014

305

-56

321.2

705038

5710633

AUDD0015A

282

-60

438

705276

5710822

AUDD0016

180

-61

186

704244

5709543

AUDD0017

174

-61

258

704301

5709629

AUDD0018

174

-58

161.5

704390

5709613

AUDD0019

182

-58

423

704212

5709677

Note: Collar coordinates in UTM NAD 83 z15

Reconnaissance exploration drilling has also resulted in the identification of three new high-grade gold discoveries/extensions, with significant step-out mineralization returned from Vein 5 extensions, Vein 11 extensions (including a new footwall discovery), and a new Vein 112.

Additional Details

A map showing the location of Pickle Crow and regionally significant projects can be viewed at:
https://www.firstmininggold.com/_resources/news/2020-09-FF-Pickle-Crow-Regional-Map.pdf

Additional underexplored, mineralized trends within the property and outside of the resource area have been identified. These areas are currently being subjected to initial geological field assessment by Auteco field geologists ahead of the proposed regional exploration drilling which needs to be conducted during the winter when the target areas are more accessible.

A map showing the identified regional shear zones and walk-up drill targets within the property area can be viewed at:
https://www.firstmininggold.com/_resources/news/2020-09-FF-Pickle-Crow-Targets.pdf

About Pickle Crow

The Pickle Crow Gold Deposit is a high-grade, shear-hosted, mesothermal Archean lode gold deposit. The deposit occurs primarily within mafic volcanics and banded iron formation (BIF) units in the Pickle Crow assemblage of the Pickle Lake Greenstone belt located in the Uchi Lake Sub-province of the Superior Craton of the Canadian Shield.

Mineralization is focused around steeply north-west dipping, regional scale shear zones. Multiple mineralization styles have been identified on the property, including Quartz-Gold-Tungsten (+/-Tourmaline) Shear Veins which are the focus of the current exploration, and banded iron formation mineralization (BIF-style), which comprises structurally-controlled, sheeted vein arrays hosted within the BIF.

Pickle Crow is one of Canada's highest-grade historical gold mines. It operated from 1935 until 1966, during which time it reportedly produced almost 1.5 million ounces of gold at an average grade of 16.14 g/t. The property consists of ~190 km2 (19,000 hectares) of tenure covering a major gold province. Auteco recently increased its landholding near the Project by staking an additional 130 km2 (13,000 ha) of land contiguous to Pickle Crow, thereby increasing the combined property's land package to over 320 km2 (32,000 ha) (see news release dated February 18th, 2020). First Mining acquired the Project in November 2015 through its acquisition of PC Gold Inc.

Auteco's development focus is on returning to first principles, completing a new geological review and applying modern exploration technologies in their advancement of the Project. Auteco has a strong focus on discovering and developing new project scale, high-grade, near surface gold resources.

QA/QC Procedures

The QA/QC program for the Auteco drill program consists of the submission of duplicate samples and the insertion of Certified Reference Materials (CRMs), including low, medium and high-grade standards and coarse blanks, at regular intervals in the sample stream. One set of the four QA/QC sample types were inserted every 25 samples, consisting of 1 coarse duplicate, 1 quarter-split field duplicate, 1 CRM (altering between low, medium and high standards) and 1 blank. AGAT laboratories also undertakes its own internal QAQC program to ensure proper sample preparation and equipment calibration.

Qualified Person

Hazel Mullin, P.Geo., Director, Data Management and Technical Services of First Mining, is a "Qualified Person" for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and she has reviewed and approved the scientific and technical disclosure contained in this news release.

About First Mining Gold Corp.

First Mining is a Canadian gold developer focused on the development and permitting of the Springpole Gold Project in northwestern Ontario. Springpole is one of the largest undeveloped gold projects in Canada, currently hosting a mineral resource base of 4.67 million ounces of gold in the Indicated category and 0.23 million ounces of gold in the Inferred category1. A Pre-Feasibility Study is underway, with completion targeted in early 2021, and permitting is on-going with submission of the Environmental Impact Statement targeted for 2021. The Company also holds a large equity position in Treasury Metals Inc. who are advancing the Goliath-Goldlund gold projects towards construction. First Mining's portfolio of gold projects in eastern Canada also includes the Pickle Crow (being advanced in partnership with Auteco Minerals Ltd.), Cameron, Hope Brook, Duparquet, Duquesne, and Pitt gold projects.

First Mining was created in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp.

ON BEHALF OF FIRST MINING GOLD CORP.

Daniel W. Wilton
Chief Executive Officer and Director

For further information, please contact:

Spiros Cacos | Vice President, Investor Relations
Direct: +1 604 639 8825 | Toll Free: 1 844 306 8827 | Email: info@firstmininggold.com
www.firstmininggold.com

Note:

1. These numbers are from the independent technical report titled "Preliminary Economic Assessment Update for the Springpole Gold Project, Ontario, Canada", dated November 5, 2019, which was prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101 and is available at www.sedar.com under First Mining's SEDAR profile. Readers are cautioned that the PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the mobilization of a third drill rig to Pickle Crow in the coming weeks; (ii) timing for the receipt of outstanding assays from the current drill program at Pickle Crow and the interpretation of the results of such assays; (iii) the disclosure of assay results and highlights of the current drill program at Pickle Crow in future news releases issued by the Company; (iv) the potential to increase the amount of mineral resources in the Core Trend at Pickle Crow through Auteco's current drill program; (v) the potential for further step-out drilling at Pickle Crow; (vi) timing for the completion of a Pre-Feasibility Study for Springpole; (vii) timing for the submission of an Environmental Impact Statement for Springpole; (viii) the Company's focus on advancing its assets towards production; and (ix) realizing the value of the Company's gold projects for the Company's shareholders. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and 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 and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, such as COVID-19, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, such as COVID-19, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2019 filed with the Canadian securities regulatory authorities under the Company's SEDAR profile at www.sedar.com, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR.

First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.

Cautionary Note to United States Investors

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this news release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the SEC, and mineral resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term "resource" does not equate to the term "reserves". Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC's disclosure standards normally do not permit the inclusion of information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimated "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of an "inferred mineral resource" exists or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves" are also not the same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as "reserves" under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

SOURCE: First Mining Gold Corp.

ReleaseID: 608223

ATLAS Mara Limited Announces Strategic Transaction with Access Bank

TORTOLA / ACCESSWIRE / September 29, 2020 / Atlas Mara Limited ("Atlas Mara" or the "Company" and including its subsidiaries, the "Group")(LSE:ATMA), the sub-Saharan African financial services group, announces that its subsidiary, ABC Holdings Corporation Limited ("ABCH"), has today entered into definitive agreements with Access Bank Plc ("Access Bank") for the sale of ABCH's holdings in African Banking Corporation Mozambique ("BancABC Mozambique"). The transaction is subject to regulatory approval and other customary conditions precedent.

The transaction will include upfront cash consideration payable at closing equal to approximately 0.8 times book value as of 30 June 2020, plus additional cash consideration payable 24 months after closing of the transaction, subject to certain conditions.

Michael Wilkerson, Executive Chairman of Atlas Mara, said, "In 2019 the board of Atlas Mara commenced a review of strategic options to best drive shareholder value. This included a review of each banking operation, and potentially partnering in or exiting markets where we do not have a clear near-term path to acceptable scale and profitability. As part of this review we have evaluated indications of interest from a number of potential partners and transaction counterparties.

"This transaction with Access Bank is an important step in our broader repositioning of the Group as a streamlined holding company, with an increased focus on core markets. BancABC Mozambique has shown remarkable resilience this year during the pandemic, and we commend the management team for their work in serving our customers. By combining with Access Bank's infrastructure and existing footprint, they will be well equipped to continue on the positive trajectory achieved to date."

"As communicated in June 2020, Atlas Mara remains committed to implementing the previously announced strategic decisions of the board, which include focusing on improving performance in core markets, streamlining the holding company structure and related costs, and exiting or partnering in certain countries. In addition to the transaction announced today, the Company continues to evaluate a number of strategic options, which may include additional divestiture or partnership transactions, or other alternatives that align with these and other objectives for the benefit of Atlas Mara. The Company will update the market in due course as these opportunities develop."

Contact Details:

Investors

Kojo Dufu, +1 212 883 4330

Media

Apella Advisors, +44(0) 7818 036 579

Anthony Silverman

About Atlas Mara

Atlas Mara Limited (LON: ATMA) is a financial institution listed on the London Stock Exchange. Atlas Mara aims to be a positive disruptive force in the markets in which we operate by leveraging technology to provide innovative and differentiated product offerings, deliver excellent customer service and accelerate financial inclusion. For more information, visit www.atlasmara.com.

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: Atlas Mara

ReleaseID: 608275

Jason Mars Adds Micro Hall of Fame Induction to ISCA Hall of Fame Membership

ANN ARBOR, MI / ACCESSWIRE / September 29, 2020 / During the past few years, there has been a lot of progress in the world of technology. Individuals such as Jason Mars are moving the entire industry forward with their research in this rapidly growing area. One of the top ways this field moves forward is with the help of professionals such as Jason Mars, who get their research published in renowned publications such as Micro and ISCA. By placing these articles in peer-reviewed papers, other professionals are able to take a look at the work, review it, and ensure that it is not only accurate but also provides ideas for future projects. When it comes to Computer Architecture and Computer Systems, Micro and ISCA are the two most respected publications and are considered the most selective and prestigious venues to publish research papers in the area. Jason Mars is now in the Hall of Fame for both of them.

Jason Mars Discusses His Most Recent Work

While Jason Mars has been in the Hall of Fame for the ISCA for quite some time, he recently added the Micro Hall of Fame to his list of honors. He recently submitted a paper to Micro titled "A Benchmarking Framework for Interactive 3D Applications in the Cloud," which is slated to be published in Micro in 2020. With many people waiting eagerly to see what topics he is going to explore in this paper, 3D applications have been a major area of research during the past few years. With consumer expectations and customer demands rising, engineers have been working hard to find a way to marry 3D applications to the world of cloud computing. By exploring a potential benchmarking framework, this has the potential to move the entire field forward.

Jason Mars Discusses 3D Applications

Professionals such as Jason Mars have been exploring 3D applications for quite some time. Now, with a peer-reviewed research paper that lays out how 3D applications can be joined with the cloud, this is an area of research that could become mainstream. Some of the biggest benefits of working with 3D applications include:

It is possible to achieve faster application development times, which lead to major returns on investment
3D cloud solutions allow everyone to accelerate their workflows via mobile and global accessibility
3D applications lead to dynamic scaling of cloud implementation
3D components are optimized for the cloud, leading to improved processes and reduced computer resource idling

These benefits are going to be key in driving this field forward.

Jason Mars Discusses the Future of the Cloud

Today, it is hard to imagine a world where people did not have regular access to the internet and everything that it provides. Already, the cloud has proven to be an invaluable resource both for personal and professional use. Now, people like Jason Mars are trying to explore how the cloud is going to move the entire world forward.

One of the biggest areas in which the cloud might find an important application has to do with remote working. Given the recent COVID-19 pandemic and trends that were taking place in workforces all over the world, many people have been working remotely, and this is a trend that is likely to continue even after the pandemic is controlled. Cloud applications are going to play a critical role, as they provide everyone with the ability to share information virtually, back up their files, and distribute information without having to rely on long email chains. Jason Mars is sure to play a critical role in the exploration and development of cloud technology moving forward. It will be interesting to see what happens next.

CONTACT:

Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Jason Mars

ReleaseID: 608271

Applied UV, Inc. Subsidiary, SteriLumen, Inc., Announces Filing of U.S. Patent Application for a System to Neutralize Pathogens on Physical Surfaces

Sterilumen patent-pending UV Light sanitizing solution designed to be retrofitted to Bank ATMs to automatically disinfect surfaces on an ATM machine, including a keyboard, touchscreen, credit card reader between uses

MOUNT VERNON, NY / ACCESSWIRE / September 29, 2020 / Applied UV, Inc. (NASDAQ:AUVI) ("Applied UV" or the "Company"), an infection prevention technology company that applies the power of narrow-range ultra violet light ("UVC") utilizing its patented devices to destroy pathogens safely, thoroughly, and automatically, today announced that its subsidiary, SteriLumen, Inc. ("SteriLumen"), has filed a patent application with the U.S. Patent and Trademark Office ("USPTO") pertaining to a system to neutralize pathogens on physical surfaces.

The public is confronted on a daily basis with the numerous surfaces that need to be touched during normal uses, including as examples ATMs, vending machines, escalators, and kiosks with interactive screens. As of 2018, there were approximately 470,000 ATMs in the U.S. These surfaces are touched daily by an inordinate number of people that can harbor and transfer pathogens highly associated with illnesses and diseases. E.coli, salmonella and Staphylococcus aureus and, more recently, coronavirus Covid-19 can be found on these commonly used surfaces and can easily spread to those in the general public if untreated, these bacteria and viruses can be transferred easily to cause serious illness.

Max Munn, President of Applied UV, commented, "We strongly believe that the Sterilumen line of UVC devices are powerful and flexible solutions for safely neutralizing serious pathogens commonly found on surfaces that people come in contact with daily. The newly filed utility patent application strengthens our patent portfolio and will help us expand the capabilities and applications of our platform to other business sectors that need to safely and efficiently address the ever-increasing problem posed by pathogens in public spaces."

As of August 24, 2020, SteriLumen owned seven issued patents and one pending patent application in the United States; owned one patent application to be imminently issued in the European Union and has 6 pending patent applications in China, the Gulf Cooperation Council (GCC), Hong Kong, Japan, South Korea, and Taiwan. The U.S. patent numbers are 9,724,442, 10,039,853, 10,307,504, 10,456,496, 10,463,759 and 10,639,394 issued on August 8, 2017, August 7, 2018, June 4, 2019, October 29, 2019, November 5, 2019 and May 5, 2020, respectively. The issued patents and pending patent applications cover various aspects of the SteriLumen Disinfecting System including, the disinfection system; disinfection system embedded into a fixture generally, and a vanity mirror specifically, and the mechanical components of any such mirror, including hinge mount and programmable controller for regulating UV light.

A provisional patent application offers a patent applicant an option of filing without including a formal patent claim. The aim of a provisional patent application is to establish an early effective filing date, in addition to allowing the patent applicant or a licensee to ascribe the phrase "patent pending" to any product development and methodologies associated with the subject matter. Once converted into a U.S. non-provisional, the utility application will provide composition of matter protection for Sterilumen's UVC retrofit device designed to disinfect numerous surfaces normally or typically touched by many people, including, but not limited to, ATMs, vending machines, escalators, and kiosks with interactive screens.

About Applied UV

Applied UV is focused on the development and acquisition of technology that address infection prevention in the healthcare, hospitality, commercial and residential markets. Our products utilize disinfection technology that applies the power of UVC to destroy pathogens safely, thoroughly, and automatically. The Company's SteriLumen technology was tested at an independent laboratory that found the SteriLumen mirror and drain to be greater than 97% and 99.99%, respectively, effective in killing the OC43 human coronavirus, a strain of human coronavirus that is genetically similar to SARS-CoV-2. According to the independent laboratory, it is expected that SARS-CoV-2, the virus that causes COVID-19 will be killed in a similar manner to OC43. The Company has two wholly owned subsidiaries; SteriLumen and Munn Works, LLC ("Munn Works"). SteriLumen develops disinfection devices and technology that combat hospital acquired infections (HAIs). We formed a team to solve and patent a product and process to neutralize pathogens providing a compelling solution for the hospitality space and a solid path to entering the healthcare market. MunnWorks manufactures fine mirrors specifically for the hospitality industry. Our goal, at Munn Works, is to contribute to the creation of what our design industry clients seek: manufacturing extraordinary framed mirrors.

For more information about Applied UV, Inc., and its subsidiaries, please visit the following websites: https://www.applieduvinc.com/; https://sterilumen.com/; and, https://munnworks.com/.

Forward-Looking Statements

The information contained herein may contain "forward‐looking statements." Forward‐looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the view of management of Applied UV concerning its business strategy, future operating results and liquidity and capital resources outlook. Forward‐looking statements are based on the Company's current expectations and assumptions regarding its business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The Company's actual results may differ materially from those contemplated by the forward‐looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward‐looking statements. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward‐looking statements to conform these statements to actual results.

Applied UV Investor Relations

TraDigital IR
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com

MJ Clyburn
+1-917-327-6847
clyburn@tradigitalir.com

SOURCE: Applied UV, Inc. 

ReleaseID: 607806

Julie (McCoy) Wurmlinger, Retired Chief Engineer from Ford Motor Company and President/Owner of OhmTek, LLC joins Exro Board of Directors

Exro Technologies is pleased to announce Julie (McCoy) Wurmlinger to the Board of Directors

Retired Global Chief Engineer from Ford Motor Company and current President/Owner of OhmTek, LLC Technical Consulting joins Exro Board of Directors
Possesses decades of experience in the automotive industry
Committed to accelerating commercialization of Exro's technology into global powertrain sectors and automotive applications

CALGARY, AB / ACCESSWIRE / September 29, 2020 / Exro Technologies Inc. (TSXV:EXRO)(OTCQB:EXROF), a leading technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce that Julie (McCoy) Wurmlinger, an accomplished engineering leader in the automotive industry, has joined the Exro Board of Directors ("Board of Directors").

 

As a retired Global Chief Engineer from Ford Motor Company and current President/Owner of OhmTek, LLC, with more than 30 years of experience, Ms. Wurmlinger brings a global perspective to innovation and product development in the powertrain sector. Ms. Wurmlinger began working in product development at Ford Motor in 1986 and quickly grew from engineer to manager, while being awarded three patents for powertrain innovations. She then continued to impact Ford's leading powertrain systems through her tenure as Global Chief Engineer, winning the SWE Global Leadership Award and UK "Business Insider" Top Female Engineer Award. Ms. Wurmlinger has lived and worked overseas extensively and has managed several global business units since 2010. Since retiring from Ford Motor in 2018, Ms. Wurmlinger has launched OhmTek, LLC, a Technical Consulting firm, specializing in automotive and electrical engineering solutions. Ms. Wurmlinger holds a Bachelor of Science degree in Computer Science and a Master of Science degree in Electrical Engineering from Wayne State University.

"I am excited to join Exro's Board of Directors," stated Ms. Wurmlinger. "I look forward to working alongside my fellow Board members and company management to accelerate the commercialization of this truly innovative technology. Exro has an opportunity to add significant value to powertrain sectors globally and I'm looking forward to help bring this technology to market."

"We are pleased to welcome Julie to our Board of Directors at this important stage of Exro's evolution," commented Sue Ozdemir, CEO of Exro. "As a highly respected automotive executive with valuable industry experience, we look forward to Julie's expertise and engagement in guiding our objectives to bring our breakthrough technology to markets globally."

About Exro Technologies Inc.
Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro's advanced motor control technology, our "Coil Driver", expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque, while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.

The limitations of traditional electric machines and power technology are becoming more evident. In many increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors, or implementing heavy mechanical geared solutions. Exro offers a new solution for system optimization through implementation of its technology which can yield the following results: increased drive cycle efficiency, reduced system volume, reduced weight, expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed.

For more information visit our website at www.exro.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir, Chief Executive Officer

CONTACT INFORMATION
Canada: Jake Bouma
VP of Investor Relations
604-317-3936

United States: Vic Allgeier
TTC Group Inc.
646-841-4220

Email: info@exro.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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: Exro Technologies Inc.

ReleaseID: 608136