January 22, 2016, Vancouver, British Columbia – Canadian International Minerals
Inc. (the “Company”) (TSX-V: CIN) is pleased to announce it has entered into an
agreement to acquire an extensive proprietary database from Kaminak Gold Corp.
(“Kaminak”) (TSX-V: KAM), pertaining to the Company’s recently acquired Lac
Manitou Ni-Cu-PGM property in Quebec, for which Kaminak is the previous
operator.
The database includes raw airborne magnetic and EM data, as well as an
interpretive report by Grant Lockhart of Petra Geophysical Consulting Inc. The
Company believes the targets detailed in this report, which have never been drilled,
represent excellent quality targets for Ni-Cu-PGM mineralization.
Transaction Terms
Under the terms of the agreement, the Company will issue 3,500,000 units to
Kaminak, each unit consisting of one common share and one share purchase
warrant, each warrant exercisable into one additional common share at a price of
$0.10 per share for a period of 3 years.
In addition, the Company has granted Kaminak a 1% NSR on the Lac Manitou
property, which includes an area of interest corresponding to the spatial extents of the database.
The transaction is subject to approval of the TSX Venture Exchange.
Qualified Person
The technical data in this news release has been reviewed by Thomas Hasek, P.
Eng., a Qualified Person under the terms of N.I. 43-101.
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