Empire Rock Minerals Inc. (TSX.V symbol “EPR”) is very pleased to announce that it has completed the acquisition of a 70% interest in the Fox Creek Lithium Brine Project in Alberta, Canada. The Fox Creek Lithium Brine Project consists of 36 industrial minerals permits giving Empire the right to extract lithium, potassium, boron, bromine, magnesium and other important valuable elements from lithium and potassium enriched brines from more than 741,000 contiguous acres (300,000 hectares) covering numerous producing oil and gas fields at Fox Creek, Alberta.
These producing oil and gas fields are hosted in the Devonian aged carbonate reef complex which hosts a saline formation water aquifer known as the Beaverhill Lake Brine. The Beaverhill Lake Brine contains elevated, and potentially economic, concentrations of lithium (Li), potassium (K), boron (B), bromine (Br), calcium (Ca), magnesium (Mg), and sodium (Na).
The saline formation waters of the Beaverhill Lake Brine are currently being recovered with the commercial production of petroleum products from producing petroleum wells at Fox Creek, then removed and treated as a waste product and reinjected into the Beaverhill Lake or other formations.
Empire believes these lithium enriched brines produced as a byproduct by existing wells within these oil and gas fields constitute an important and significant commercial opportunity for the production of lithium carbonate and other desired elements.
Empire has issued 1,200,000 common shares in its capital to the Vendors which are restricted from trading until September 17, 2016. Empire also acquired two private Alberta companies, Dominica Energy Minerals Inc. and Lithium Power Corp. Empire is required to invest the first $2,000,000 in Fox Creek’s development, then costs are to be shared on a 70/30 basis with Blizzard Finance Corp, which holds the remaining 30% interest together with a 2.2% gross revenue royalty. Blizzard is well financed. Empire Rock Minerals Inc. News Release June 29, 2016
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This news release has been reviewed and approved for technical content by Mr. Michael Dufresne, P.Geol. (Alberta), P.Geo. (B.C.) and Dr. Bohumil (Boris) Molak, P.Geo. (B.C.) consulting geologists and Qualified Persons as defined by National Instrument 43-101.
For further information contact: Lisa M. Chapman, President
E-mail: [email protected]
Tel: 604.683.3288 ext. 1009
EMPIRE ROCK MINERALS INC.
PER: “Lisa M. Chapman”
LISA M. CHAPMAN
President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.