Source Gold Corp. (OTCPK: SRGL): Announces Asset Purchase Agreement for Online Social Gaming Technology

LAS VEGAS, NV / ACCESSWIRE / March 10, 2016 / Source Gold Corp. (OTC PINK: SRGL): Source Gold Corporation has
recently appointed Anthony Goodman as its new Chief Executive Officer and Chairman of the Board as a part of acquiring the assets of Luxor Capital LLC. Luxor has developed and owns a proprietary advanced software platform that supports the back-end for the on-line social gambling industry. This allows gaming operators to utilize a diverse selection of social gaming content from leading providers via one software platform while it incorporates state of the art loyalty and monetization solutions. The software creates a social collaborative environment and it leverages off the rapidly growing social media networks.

Mr. Goodman stated, “During this past year there have been a number of impressive deals and indisputable results that have emerged from the mobile social
gaming space. Established game publishers have shifted away from desktop on-line gaming into the faster growing mobile social gaming markets, resulting in social game developers raising new funding rounds or cashing out with a 9 figure acquisition. With ‘freemium’ business models that combine large mass market usage with multi-million dollar revenue streams from virtual goods and ‘in-app purchases’ this is a market that continues to develop. We now provide standing relationships with Licensed Junket Operators in Asia, and offer intimate knowledge of the Junket Operations that account for over 70% of the casino revenues in Macau which currently dominates the worlds gaming market.

These relationships will ensure rapid and extensive distribution and utilization for the SRGL social gaming system and content. As a part of our successful growth we will need to restructure the shares of SRGL while we change our corporate name to ‘Golden Matrix Group, Inc.’.

Our new management and its operations are strategically located to support and market the Social Gaming Business and based here in the United States and in Australia, Manila, and the Philippines. We own the distribution rights for the world’s leading gaming content that will allow us to build a solid Social Gaming business with an experienced team of online gaming operators. Our operations have been setup with the sole intention of focusing on the rapidly evolving Asian and US Social Gaming Market.

This has been a very smooth transition with the previous management of SRGL, and the company understands the value of this transaction for their shareholders and future shareholders, as it brings real equity to all of our shareholders while allowing the previous mining assets to be transferred without penalty or loss. Our new management team brings both strength and experience to our company as we look forward to building a successful business with our shareholders.”

The company has filed Form 8-K on February 29, 2016. Please refer to this information statement regarding these changes, new management background and material events.

Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company’s operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company’s periodic filings with the U.S. Securities and Exchange Commission.

Investors:

Golden Matrix Group
www.goldenmatrix.com
Phone: (917) 775-9689
Email: brett@goldenmatrix.com

SOURCE: Source Gold Corp.

ReleaseID: 437671

PITTSBURGH, PA / ACCESSWIRE / March 10, 2016 / Unique Pizza and Subs Corporation (OTC Pink: UPZS), a Delaware Corporation, is pleased to announce its subsidiary Jose Madrid Salsa has entered into a multi-year licensing agreement with California based RISE Marketing Group. The agreement grants RISE Marketing Group non-exclusive rights to sell Jose Madrid Salsa in Los Angeles, Orange, Riverside, San Bernardino, and Ventura Counties. RISE Marketing Group has agreed to purchase a minimum of 194,400 jars of salsa over the next sixty months and intends to sell and distribute Jose Madrid Salsa through retail, trade shows, restaurants and fundraisers.

Jose Madrid’s Founder & President, Michael Zakany, said, “We starting speaking with Mr. Yaggi five months ago about the idea of his group selling our great Salsas. We believed he would be able to easily approach his current health conscious customer base, a group of loyal customers that they have acquired over the past few years, with our great tasting and extremely healthy line of all natural salsas. We shipped out and they have received their first 3,600 jars of salsa. California salsa lovers are in for a Unique treat!”

Lance Yaggi, President of RISE Marketing Group, said, “Over the past few years I have built a sales team comprised of smart personable people that have had a lot of success selling Univera, a line of all natural health products. I now want to utilize this highly trained workforce and vast customer network to sell and distribute the great tasting and healthy Jose Madrid Salsa line of products. Jose Madrid Salsa’s authentic and tantalizing salsas spark the taste buds with provocative natural flavors any foodie can appreciate!”

About Jose Madrid Salsa Company

In 1976, Mike Zakany and his brother started a restaurant in downtown Zanesville, Ohio. After months of planning and building, Zak’s Restaurant was a reality. The contemporary casual restaurant was a welcome addition to the small urban center and was quite successful from the family matriarch, helped her sons integrate more authentic Mexican cuisine into the menu and life of the restaurant.

The Zakany family has always had a rich history as entrepreneurs. Mike’s paternal grandparents opened a butcher shop and grocery store in Zanesville in 1942. Mike’s father, uncle and entire family worked very hard to continue to grow the family business over the years. Zak’s Restaurant was a natural extension of the Zakany’s involvement and love for the food business. The restaurant quickly developed a strong clientele. Clearly, people liked the “New Mexico” style food, the phenomenal increase in the “to go” food sales and the additional increase in dining room business confirmed their niche in the “New Mexico” style of food on the menu. The demand for salsa was a key part of the complete menu; salsa enhanced the flavors of all the dishes served. It then became time to develop the salsa to meet the demand. Mike started an extensive marketing study that examined all kinds of spices and chili peppers. He read with great interest about the migration patterns of the European Spaniards to Mexico and the influence America’s native people had on the newcomer’s cuisine.

Mike continued to work on the salsa recipes based on his research and experimentation. The restaurant customers were the critics for the salsa formulas born from Mike’s hard work in the kitchen. Eventually, the “favorite” blend of spices, chili peppers and herbs were developed. These recipes came from the direct influence of his maternal grandfathers cooking culture. In 1987, José Madrid Salsa became a reality, named after the family icon and beloved grandfather from Clovis, New Mexico. Mike Zakany’s tribute to his grandfather celebrates his childhood memories of the larger than life man.

He could ride a horse and shoot a gun better than anyone else in the unsettled New Mexico Territory of the early 1900’s. José was the reason the family rallied together for summer vacations and reunions in Clovis, and the perfect namesake for the unique New Mexico style of salsa. José Madrid Salsa made its first sales in gourmet and grocery stores during the Christmas season of 1988. The legend of José Madrid lives on and continues to grow with a line of 30+ different salsas and more in development.

Visit JoseMadridSalsa.com or follow us on Twitter to learn more about this great company.

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions. There are no financials in this press release so this is not needed and undermines the release.

Contact:

CorporateAds.com
Michigan LLC

For Unique Pizza and Subs Corp. Investor Relations

(586) 228- 2290
Fax: (586) 228-6920
hank@capinc.net
http:/www.capinc.net

SOURCE: Unique Pizza and Subs Corporation

ReleaseID: 437663

Brand Capitalizes on Success of Gourmet Fries, Offers Latest Flavor for Limited Time Only

COLUMBUS, OH / ACCESSWIRE / March 10, 2016 / Charleys Philly Steaks is introducing Double Bacon Potato Skin Fries beginning March 14. The latest addition to Charleys popular Gourmet Fries menu will be available for a limited time only.

Reminiscent of classic potato skins, the new Double Bacon Potato Skin Fries feature Charleys’ famous fries cooked to order and topped with warm cheddar cheese sauce, shredded cheddar cheese, bacon bits, cool sour cream and fresh chives.

“A side of fries takes on an entirely different meaning at Charleys Philly Steaks,” said Charleys spokesperson, Allison Short. “Our Gourmet Fries create a satisfying and flavorful experience for our customers, whether they’re pairing the fries with their favorite sandwich or simply grabbing them as a snack.”

Charleys Fries accounted for more than 17 percent of sales last year, in part due to the success of Charleys core Gourmet Fries and two limited time offers – Loaded Philly Fries and Pepperoni Pizza Fries.

Through May 8, customers can snack on the Double Bacon Potato Skin Fries starting at $3.99, or add a regular-size soft drink or Original Lemonade for only $4.99.

The Double Bacon Potato Skin Fries will be available in all of Charleys’ domestic stores and Army and Air Force (AAFES) locations worldwide.

About Charleys

In 1986, Charleys redefined the Philly Cheese Steak. Today, more than 550 locations in 45 states and 20 countries in North America, South America, Asia, Africa and Europe serve up the World’s Number One Philly Cheese Steak made with fresh, quality ingredients grilled-to-order the Charleys way. Also known for its loaded gourmet fries and refreshing natural lemonades, the restaurant franchise is quickly expanding to serve the world’s favorite Cheese Steaks across the globe. For more information on Charley’s Philly Steaks visit www.charleys.com or follow us on Facebook and Instagram at @charleysphillysteaks and Twitter at @charleys.

Media Contact:

Allison Short
(614) 652-6807
ashort@charleys.com

SOURCE: Charleys Philly Steaks

ReleaseID: 437692

VANCOUVER, BC / ACCESSWIRE / March 10, 2016 / Midnight Sun Mining Corp. (TSXV: MMA) (the “Company” or “Midnight Sun”) announces results of recently completed core drilling on the Mitu and Dumbwa Central areas of its Solwezi copper-cobalt properties in northwest Zambia. The drill program consisted of 610 meters of HQ core drilled in 5 holes. Significant mineralization was reported in all holes including:

– 0.73% copper and 0.017% cobalt over 15.5 meters and 0.56% copper and 0.015% cobalt over 12.0 meters in hole DC-15-03
– including 0.88% copper and 0.024% cobalt over 6.2 meters;
– 0.38% copper over 24.0 meters in hole DC-15-02
– including 0.55% copper and 0.015% cobalt over 15.1 meters
– 0.17% copper over 20.2 meters in hole DC-15-01
– 0.22% copper and 0.022% cobalt over 15 meters in hole M-15-02

The following table summarizes the assay results of the recently completed 5 drill holes:

– 5.71% copper over 14.2 meters, including 9.58% copper over 7.2 meters
– 5.08% copper over 8.0 meters; and
– 6.27% copper over 4.5 meters.

Note: The above reported lengths are intercept lengths and not estimated true widths

“Drilling to date has confirmed the presence of three high potential zones in the Solwezi area, namely the 22 Zone, Dumbwa Central and Mitu.” commented Bob Sibthorpe, President and CEO. “All three have potential for surface oxide mineralization and hard rock sulfide mineralization at depth. The copper grades reported from Dumbwa Central, DC-15-03 and DC-15-02, approximate the latest resource grade estimates from Kansanshi and Sentinel, the two closest copper mines. Hole M-15-02 ended in cupriferous black shale, a unit associated with some 80% of all copper production in Zambia. This was the first time that this rock unit has been encountered on the Solwezi permits, and its presence is very exciting. A program for 2016 including geophysical and geochemical surveying and follow up drilling is being prepared.”

All drilling in this program was carried out by Blu Rock Drilling and assaying was performed by Genalysis Laboratory Services, an internationally accredited lab. Minor silver values were associated with higher grade copper samples.

Qualified Control/Quality Assurance: Samples obtained during core drilling were transported directly to Genalysis Laboratories in Chingola, Zambia by Midnight Sun personnel for sample preparation. Samples were sorted, dried, crushed, and pulped before being sent to Perth, Australia for final chemical analysis using ICP-MS methods. All samples returning >20,000 ppm Cu were automatically re-checked by Genalysis. Genalysis is a fully accredited Laboratory and sample duplicates, standards and blanks were inserted by Genalysis and verified by the qualified person.

Qualified Person: Warren Robb, P.Geo, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release.

ON BEHALF OF WPC RESOURCES CORP.

Robert Sibthorpe B.Sc.(Geology), M.B.A.
President & CEO

For Further Information Contact:

Al Fabbro
Director
Tel: 604-351-8850

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

This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

SOURCE: Midnight Sun Mining Corp.

ReleaseID: 437691

VANCOUVER, BC / ACCESSWIRE / March 10, 2016 / Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) is pleased to announce that the Company has entered into a Letter of intent (“LOI”) arrangement with LYG Anlan Company Ltd. (“LYG”) an established jade and construction material manufacturer and distributor in China. Under the terms of the letter of intent LYG will design and manufacture jade and other semi-finished products for Electra that will be marketed and sold through LYG’s consumer network and new channels developed by Electra. This arrangement, if completed, would represent a milestone for Electra. The establishment of a manufacturing hub for jade products within China has been a key Company focus since entering into the BC nephrite jade sector.

As part of the arrangement the Company is pleased to announce the addition of Mr. Kim Chen to its advisory board. Mr. Chen is a principle at J.L. Arts and Crafts Co. Ltd, currently producing over 150,000 products annually in its facilities, mostly made with BC jade. Born in Taiwan, Mr. Chen started his first carving & manufacturing company in the 1960s, he immigrated to Canada in the 1980s, and started to mine BC jade and other semi-precious carving stones under his own company, Kim Mining Co. Ltd.

Mr. Tony Hu, Vice President of Investor Relations and Marketing states, “we are privileged and excited to have Mr. Chen as part of the Electra Stone team. With over 50 years of knowledge and experience, Mr. Chen provides critical expertise and insight into the global jade and other semi-finished products market, an essential component of Electra’s successful development in China moving forward.”

About Electra Stone

Electra Stone Ltd. is building a vertically integrated public Nephrite Jade mining, trading & marketing company. Electra is focused on international market growth and trade of Nephrite Jade from British Columbia into Asian markets with a specific focus on China. Electra also continues to operate its Apple Bay alumina-silica quarry on Vancouver Island, which has been in continuous operation since 2003.

For further information and sales enquires on Electra Stone Ltd. please visit www.electrastone.com

Or contact: Tyler Lowes 604-620-8589.

On behalf of the Board of Directors,

“John Costigan”

President and Director.

Forward Looking Statement

This document contains forward-looking statements. Forward –looking statements in this news release include completion of a financing and use of proceeds. Forward information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Factors which may prevent the forward looking statements from coming to fruition include that we may not agree on terms with LYG and we may complete contracts to carry out our announced plans. Even if we do complete contracts, we may not be able to finance our plans, markets may not develop as expected, we may not be able to complete requirements to establish a manufacturing hub in China, and competitors may sell better or less expensive products and take our expected market share. Forward-looking information is provided as of the date hereof and is based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. We assume no responsibility to update, or revise them to reflect new events or circumstances, except as required by law. For a detailed list of risks and uncertainties as it relates to Electra Stone Ltd., please refer to the Company’s 2014 financial statements filed with SEDAR.

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

SOURCE: Electra Stone Ltd.

ReleaseID: 437675

NEW YORK, NY / ACCESSWIRE / March 10, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage on Shake Shack, Inc. (NYSE: SHAK) with a price target of $53.75.

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

Founded in New York by legendary restaurateur Danny Meyer, Shake Shack has emerged as one of the most exciting growth investments in the consumer space. Shake Shack offers a powerful combination of attributes we look for in a consumer growth stock, including: 1) a high quality product with a cult like following; 2) a top-flight management team; and 3) a long runway for domestic and international expansion for years to come. What’s more, Shake Shack already boasts among the industry’s best marks for profitability, sales and operating metrics, and is a clear leader in the broader shift in consumer preferences to “fast causal” dining.

“Shake Shack has produced remarkable results since its IPO in January 2015, with growth accelerating from shack expansion and explosive “same shack” sales performance – which grew at an astonishing 13.3% growth rate in FY15 due to higher average tickets and customer traffic. With strong management, a reputation for great food, and a highly differentiated concept, Shake Shack has the brand power of a multi-billion dollar company that could support over 1,000 units globally and 500 in the US alone, but has only 84 combined domestic and international locations – leaving a clear expansion pathway that could drive a decade of aggressive growth,” commented Ajay Tandon, CEO of SeeThruEquity. “We are initiating coverage with a 12-month price target of $53.75 per share.”

Additional highlights from the report are as follows:

Premiere player in better burger category

Shake Shack has an impressive management team led by CEO Randy Garutti and backed by renowned restaurateur Danny Meyer, who founded the company and serves as Chairman of the Board. With a heritage in fine dining, the company has created a powerful concept that provides “fine casual” dining in unique, compelling décor and a menu that combines fresh burgers and shakes with wine, beer and a localized element in each major market – all at reasonable fast casual price points. As a result, Shake Shack has generated a cult-like following of loyal customers that appears to be expanding well beyond its home market of New York. Indeed, we see the company as emerging as the premiere player in what restaurant industry analysts have dubbed the “better burger” market – a $3Bn segment of fast casual dining that is rapidly taking share from fast food incumbents. We see the better burger market as the most promising space in the fast casual market, as the US hamburger industry is the largest restaurant segment at $76.9Bn in annual sales and appears ripe for disruption.

Strong momentum with a long runway for growth and expansion

We have been impressed by remarkable results turned in by Shake Shack since its IPO in January. On March 7, 2016 company reported strong FY15 results, with “same shack” sales growing at an astonishing 13.3% from FY14 to FY15, and restaurant level profit margins approaching 30%. Overall, Shake Shack revenues rose by 60.8% this year to $190.6mn, with guidance for revenue in a range of $237-$242mn in 2016E. We note that while some investors may have been disappointed with Shake Shack’s guidance for 2016E, management has been very clear about its 2016E expectations for revenue and new store openings, and we do not view the story as changing in any material way.

Rather than being concerned about its growth prospects, we see a long runway for rising sales and profits at Shake Shack. Shake Shack is targeting a goal of at least 450 domestic company owned shacks. The company also has ample room for growth internationally, where management is pursuing a partner-based strategy in which experienced restaurant operating groups license Shake Shack in a territory and remit a percentage of sales. At the end of FY15 the company had just 84 “shacks”- comprised of 44 company-owned shacks, 35 international licensees, and five domestically licensed shacks. Success at the 84 store level demonstrates that Shake Shack can replicate its model in new markets but still leaves more than a decade of room for aggressive growth in sales and profits before the company begins to saturate its market. With growth capital raised from its IPO, a current shelf filing, and licensing partners covering international new store capital spending, we see a clear pathway for Shake Shack to grow aggressively and reach 1,000 global locations by 2025E.

Initiate coverage with a price target of $53.75

Our analysis indicates a fair value estimate of $53.75 per share, implying an upside of 44.4% from the recent price of $37.23. We view Shake Shack as one of the most compelling growth investments in the consumer sector, combining an excellent and well-regarded management team with a well-executed concept and large runway for growth.

Please review important disclosures at www.seethruequity.com.

About Shake Shack, Inc.

Shake Shack® (SHAK) is a modern day “roadside” burger stand known for its 100% all-natural, antibiotic-free Angus beef burgers (no hormones added ever), hot dogs, frozen custard, crinkle cut fries, beer and wine (available at select locations), and more. With its fresh, simple, high-quality food at a great value, Shake Shack is a fun and lively community-gathering place with widespread appeal. From its premium ingredients and caring hiring practices to its environmentally responsible designs and deep community investment, Shake Shack’s mission is to Stand For Something Good. Since the original Shack opened in 2004 in NYC’s Madison Square Park, the Company has opened multiple locations in 13 states and the District of Columbia, and international locations including in London, Istanbul, Dubai, Moscow, Tokyo and more. www.shakeshack.com.

About SeeThruEquity

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

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

ReleaseID: 437689

LAS VEGAS, NV / ACCESSWIRE / March 10, 2016 / Last year around this same time of year Propanc Health Group (PPCH) began an unprecedented 13,000% run which needless to say was huge for investors in the biotech. After an amazing year of progress it looks like PPCH is starting another bullish run ahead of potentially huge news on human trials.

Last year the biotech industry in general took a hit starting in July and PPCH fell with the industry. Now that the industry is rebounding it looks like PPCH is moving ahead in lockstep.

PPCH shares have a 30 day average trading volume of about 5 million shares, but last week the average trading volume was over 11 million shares per day. The turnaround in the share price began slowly with support last week, then Monday saw a huge spike as the stock closed up almost 50% on 23 million shares. Tuesday, and Wednesday were green days as well for PPCH.

It is most likely not a coincidence that exactly 52 weeks ago this company began making one of the largest moves in the market for any security in 2015. If PPCH is poised to repeat a run which saw it hit over 13 cents a share investors should act quickly to maximize profit potential.

As noted PPCH is one of many biotechs making move as the biotechnology industry as a whole recovers. Other biotechs worth a look include; Second Sight Medical Products, Inc. (EYES), Syndax Pharmaceuticals, Inc. (SNDX),Proteostasis Therapeutics, Inc. (PTI), and StemCells, Inc. (STEM), Stemline Therapeutics, Inc. (STML).

However, if investors are looking to maximize upside, PPCH, looks poised for a major breakout and now may be the time to researching PPCH immediately.

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. ACR Communication, LLC. which owns Microcapspeculators.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. ACR Communication, LLC. which owns, Microcapspeculators.com may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. ACR Communication LLC. which owns Microcapspeculators.com may be compensated for its services in the form of cash-based compensation or in equity in the companies it writes about, or a combination of the two. ACR Communication, LLC. has been compensated $41,000 by Propanc Health Group, Corp. for this news article and for previous as well as future news articles.

Contact:

Acrlasvegas@gmail.com

SOURCE: ACR Communication, LLC

ReleaseID: 437690

HALIFAX, NS / ACCESSWIRE / March 10, 2016 / Troy Grant, President and CEO of ELCORA ADVANCED MATERIALS CORP. (TSXV: ERA) (OTCQB: ECORF) (FSE: ELM.F), (the “Company” or “Elcora”), announced that Elcora has retained Coulometrics, LLC (“Coulometrics”) of Chattanooga, Tennessee to conduct a series of tests of both spheronized and non-spheronized graphite material obtained from multiple sources. The purpose of testing and evaluation of the graphite material is to optimize Elcora’s processing of lithium-ion battery grade graphite and to qualify the Company’s finished product for prospective lithium-ion battery manufacturing companies.

In addition to the product evaluation, Coulometrics will complete purification and CVD coating of Elcora’s graphite material and use this finished product in the assembly of full-size 18650 lithium ion batteries. The cells will be evaluated for standard electrochemical properties and full cycle life testing. The results from this evaluation will represent an important second step towards the full qualification of Elcora’s LIB-grade graphite material for prospective lithium-ion battery manufacturing companies.

Dr. Edward Buiel, President and CEO of Coulometrics, will be leading the evaluation process. Dr. Buiel has a Ph. D. in Physics has spent over 20 years developing carbon-based materials for lithium ion batteries and supercapacitors. Coulometrics is a leading provider of energy storage consulting services and advanced battery component manufacturing. They possess a unique combination of expertise in graphite processing, materials analysis, slurry development, electrode production and full lithium-ion battery cells assembly. Dr. Buiel stated, “Our fully equipped materials synthesis and battery assembly facilities provide rapid process development and third party validation of materials and technologies to optimize energy storage solutions for specific applications. This allows companies like Elcora to efficiently develop best-in-class products engineered specifically for their customer requirements. We look forward to further developing our relationship with the Elcora team.”

About Elcora Advanced Materials

Founded in 2011, Elcora has been structured to become a vertically integrated carbon company that mines, processes, refines and produces end product applications for both graphene and graphite.

As part of the vertical integration strategy, Elcora has secured high-grade graphite from its interest in the operation of the Ragedara mine in Sri Lanka and the technology to convert this graphite, and other sources, to graphene and battery grade graphite. The Elcora team is composed of some of the best process, research and development people both in graphite and graphene. This combination means that Elcora has the tools and resources for graphite and graphene vertical integration from mine to final applications.

For further information, please visit the company’s website at http://www.elcoraresources.com

For further information, please contact: Troy Grant, Director, President and CEO, Elcora Advanced Materials Corp., T: 902 802-8847 F: 902 446-2001, E-mail: troy@elcoraresources.com

CAUTIONARY STATEMENT:

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain “forward-looking statements.” All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from Elcora’s expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators. Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.

(Not for distribution to US wire services or for dissemination in the United States of America)

SOURCE: Elcora Advanced Materials Corp.

ReleaseID: 437688