American Manganese Provides Update on Spin-Out
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American Manganese Provides Update on Spin-Out

Friday, August 28, 2020 3:30 AM
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Company Update

Professional Geoscientist is Completing a NI43-101 Report on the Rocher DeBoule IOCG Property

SURREY, BC / ACCESSWIRE / August 28, 2020 / American Manganese Inc. (TSXV:AMY)(OTC PINK:AMYZF)(FSE:2AM) American Manganese Inc. ("AMY" or the "Company") is pleased to report that work is progressing on the proposed spin-out of some of its mineral properties into a new company, as announced on July 23, 2020.

First, the Company has engaged Ron Parent, P.Geo, to complete a NI43-101 compliant report on its Rocher DeBoule Property, a project which contains a past-producing high grade copper and gold mine. Highlights of the mine, as reported in Bulletin No. 43 from the British Columbia Department of Mines and Petroleum Resources, were discussed in the July 23, 2020 news release. Work to be performed on the Rocher Deboule Property will include geological modelling, mapping, and mineral resource evaluation.

The Company is also preparing to seek an interim court order to hold a special general meeting of shareholders, in order to have its shareholders approve a proposed plan of arrangement (the "Arrangement"). Details of the Arrangement will be forthcoming.

On behalf of Management

Larry W. Reaugh,
President and Chief Executive Officer
Telephone: 778 574 4444 Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

SOURCE: American Manganese Inc.

American Manganese Inc.
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