Margaux Resources Announces Acquisition of the Jackpot/Oxide Property in Southeastern British Columbia

Margaux Resources Announces Acquisition of the Jackpot/Oxide Property in Southeastern British Columbia

CALGARY, ALBERTA — (The Newswire – October 24, 2016)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Margaux Resources Ltd. (TSX VENTURE:MRL) (“Margaux” or the “Company”) is pleased to announce that it has entered into an option agreement (the “Option Agreement”) with a third party for the acquisition of 100% of the Jackpot/Oxide Property (the “Property”), located in Salmo, British Columbia.

“The acquisition complements the exploration and development activity, currently taking place on the Jersey-Emerald property, and is the first step for Margaux to become a regional consolidator within the Kootenay Arc, in a rising zinc price environment,” commented Company CEO and President, Tyler Rice.

The Jackpot/Oxide Property is located in the Kootenay Arc belt in southeastern British Columbia, approximately 15 kilometres northeast of the community of Salmo, and approximately 2 kilometres north of Margaux’s Jersey-Emerald Property. The Property consists of mineral claims and crown grants, covering 1,326 hectares in the Nelson Mining Division, and is prospective for zinc, lead and silver. The aforementioned claims are on strike of the Badshot-Reeves Limestone, which hosts several important zinc-lead mines, including the Reeves MacDonald, Jersey-Emerald and HB.

Margaux Properties Map_Oct 24_2016

Drill results from 2008 (1) on the Property confirmed the presence of zinc mineralization similar in grade to that mined from a number of mines in the region, including:

Margaux Drill Results from 2008

Since the 1940s at the Oxide prospect, the zinc oxide mineralization occurring in a steeply dipping fault has been the target of exploration by adits, drill holes and trenches, by several operators. Locally showing zinc grades greater than 16% over widths in excess of 5 meters (2) and zinc grades up to 23% reported for narrower intersections (3).

Margaux has not completed any exploration work on the Property and the mineralization that is reported to occur therein is known only from the abundant underground and surface work completed largely between the 1940s and 2000 and from reports by third parties. Acquiring the option to purchase the Property provides Margaux time to further evaluate and explore the historic production and future potential of the Property.

The Company plans to utilize the data mining process established on the Jersey-Emerald to assist with the vetting of the Jackpot/Oxide property. By applying this modern and methodical approach to the Jackpot/Oxide Property, Margaux will move the historical data into the 21st century, utilizing the best of industry technology to gain the most accurate understanding of the resource.

Under the terms of the Option Agreement, Margaux will have the exclusive option to acquire the Property, by making payments to the third party of an aggregate $340,000 cash and aggregate issuance of 500,000 shares, paid in several installments as follows:

1) within ten (10) business days of execution of the Option Agreement, a cash payment of $5,000;
2) upon receipt of TSX Venture Exchange approval, a cash payment of $5,000 and issuance of 50,000 shares;
3) on or before the first anniversary of the execution of the Option Agreement, a cash payment of $30,000 and the issuance of 150,000 shares;
4) On or before the second anniversary of the execution of the Option Agreement, a cash payment of $60,000 and issuance of 150,000 shares;
5) On or before the third anniversary of the execution of the Option Agreement, a cash payment of $90,000 and issuance of 150,000 shares; and
6) On or before the fourth, fifth and sixth anniversary of the execution of the Option Agreement, a cash payment of $50,000.

The third party will retain a 1.5% net smelter returns royalty (“NSR”) on the Property. Margaux may at any time purchase up to 50% of the NSR (being a 0.75% net smelter returns royalty) from the third party by payment of $1,000,000.

Completion of the transaction is subject to a number of conditions, including Exchange approval. There can be no assurance that the transaction will be completed as proposed or at all.

Sources

(1) April 7, 2008 Dajin Resources Corp. press release “Dajin Reports Silver Zinc Lead Results at Jackpot”.
(2) 1948 assay results, by Fyles and Hewlett 1959.
(3) Grab bag sample from the Cominco trench, by McLeod 1999.

About Margaux Resources Ltd.: Margaux is a publicly traded mineral exploration company focused on the exploration and development of the previously producing Jersey-Emerald property, located in southeastern British Columbia. The Company is directed by a group of highly successful Canadian businessmen with proven track records. Margaux has an option to earn 100% ownership on the mine. Margaux trades on the TSX Venture Exchange under the symbol MRL.

Forward Looking Statements
This press release may contain forward looking statements including those describing Margaux’s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: Margaux’s exploration plans and work commitments, the receipt of required regulatory and other approvals as well as other market conditions and economic factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

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.


CONTACT INFORMATION

Margaux Resources Ltd.
Tyler Rice
President, CEO and a Director
(403) 537-5590
[email protected]

Margaux Resources Announces Closing of First Tranche of Non-Brokered Private Placement Offering

Margaux Resources Announces Closing of First Tranche of Non-Brokered Private Placement Offering

CALGARY, ALBERTA–(The Newswire – October 21, 2016)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Margaux Resources Ltd. (TSX VENTURE:MRL) (“Margaux” or the “Company”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement by issuing 3,976,000 units (“Units”) and 548,387 common shares issued on a “CEE flow-through” basis pursuant to the Income Tax Act (Canada) for aggregate gross proceeds of $1,164,000 (the “Offering”).

Each Unit will consist of one Common Share and one Common Share purchase warrant (“Warrant”). Each whole Warrant will expire 24 months from the closing date of the Offering, and will entitle the holder to acquire one Common Share at a price of $0.30 per Common Share.

The securities issued pursuant to the Offering are subject to a four month hold period under applicable securities laws. The Company has agreed to pay a finder’s fee on certain subscriptions under the Offerings in the amount of 6% cash on the proceeds received from certain subscribers and 6% finder’s warrants.

Proceeds of the Offering will be used to pursue the Company’s ongoing exploration and drilling programs at its Jersey-Emerald zinc-tungsten-gold project in Salmo, BC.

About Margaux Resources Ltd.: Margaux is a publicly traded mineral exploration company focused on the exploration and development of the previously producing Jersey-Emerald property, on which Margaux has an option, located in southeastern British Columbia. The Company is directed by a group of highly successful Canadian executives with proven track records. Margaux trades on the TSX Venture Exchange under the symbol MRL.

Forward Looking Statements
This press release may contain forward looking statements including those describing Margaux’s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: Margaux’s exploration plans and work commitments, the receipt of required regulatory and other approvals as well as other market conditions and economic factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

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.


CONTACT INFORMATION
Margaux Resources Ltd.
Tyler Rice
President, CEO and a Director
(403) 537-5590
[email protected]

Margaux Resources Mobilizes Rig for its 2016 Fall Work Program and Provides an Operational Update

Margaux Resources Mobilizes Rig for its 2016 Fall Work Program and Provides an Operational Update

CALGARY, ALBERTA–(The Newswire – October 17, 2016)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Margaux Resources Ltd. (TSX VENTURE:MRL) (“Margaux” or the “Company”) is pleased to announce that a drill rig was mobilized for the Company’s 2016 Fall drilling program, and additionally is pleased to provide an operational update on the Company’s progress with its Data Mining and Topographic LiDAR.

2016 Fall Drilling Program

The rig was mobilized on Margaux’s Jersey-Emerald property on October 15, 2016, as part of the 2016 Fall drilling program.
“We are pleased to progress with our 2016 Fall work program, continuing our evaluation of the Jersey-Emerald property. Margaux will be drilling approximately 800 metres in total” said Tyler Rice, CEO, President & Director of Margaux. “The drilling program aims to advance our understanding of the continuous chip samples that were taken from a band of galena-rich mineralization, running the length of the 13-metre long drift identified as the Emerald 4640, as well as provide additional understanding of our previously announced high-grade gold discovery.”

Rogerio Monteiro, President & Chief Structural Economic Geologist of Vektore Exploration Consulting Corporation, will be providing on-site supervision of the 2016 Fall drilling program. Mr. Monteiro brings more than 30 years of experience in the global mining industry and is a recognized researcher and leader in the development of practical new tools to optimize mineral exploration and target development. This extensive experience will provide a real-time understanding of the drilling results, enabling Margaux a level of flexibility to adapt the drilling program to gain the greatest level of understanding.

Operational Update

Data mining
As previously announced, the Company has employed a highly technical digitization and data mining strategy to move the 50 years of historical data into the 21st century. The data mining process follows a methodical and modern approach to understanding the historical Jersey-Emerald data, and involves the collation and digitalization of historic data, as well as the accuracy confirmation of historical collar, assay and lithology data. A full understanding of historic data allows for a solid future development foundation plus significant cost savings. To date, the data mining process has completed:

Margaux Data Mining Process Chart

Geo-technician
Margaux retained the services of SRK Consulting to provide an assessment of the Jersey-Emerald project, including a visual inspection of the existing underground excavations to identify potential risks and to recommend any required remedial action. The evaluation included an initial assessment of ground conditions and stability, a complete assessment of excavation stability will be completed prior to production.

Conversion of Mine Grid to UTM
Margaux resurveyed the Jersey-Emerald mine portals to allow for proper Universal Transverse Mercator (“UTM”) conversion and easier location of collars. This unification and modernization to the industry standard of Margaux’s mine grids was essential as the basis of the Company’s geological and mineralization models.

Topography Survey
A surface LiDAR survey of Jersey-Emerald area was conducted to gain a full understanding of the mountain’s topography. This data in conjunction with the forthcoming underground LiDAR will lead to greater clarity and accuracy of the Company’s resource and provide significant structural data. The underground LiDAR is expected to take place in late-2016.

The culmination of these disciplines will provide Margaux with the most modern and accurate of 3D geological and mineralization models, providing the Company a clear forward path into the future development of the property.

Richard Kilpatrick P.Geo, the Company’s Vice President of Exploration, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained within this press release.

About Margaux Resources Ltd.: Margaux is a publicly traded mineral exploration company focused on the exploration and development of the previously producing Jersey-Emerald property, on which Margaux has an option, located in southeastern British Columbia. The Company is directed by a group of highly successful Canadian executives with proven track records. Margaux trades on the TSX Venture Exchange under the symbol MRL.

Forward Looking Statements
This press release may contain forward looking statements including those describing Margaux’s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: Margaux’s exploration plans and work commitments, the receipt of required regulatory and other approvals as well as other market conditions and economic factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

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.


CONTACT INFORMATION
Margaux Resources Ltd. Tyler Rice
President, CEO and a Director (403) 537-5590
[email protected]

Margaux Resources Announces Non-Brokered Private Placement Offering and Flow-Through Offering

Margaux Resources Announces Non-Brokered Private Placement Offering and Flow-Through Offering

CALGARY, ALBERTA — (The Newswire – October 11, 2016)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Margaux Resources Ltd. (TSX VENTURE:MRL) (“Margaux” or the “Company”) is pleased to announce that, subject to regulatory approvals, it intends to issue up to 6,000,000 units (“Units”) of the Company at a price of $0.25 per Unit for aggregate gross proceeds of up to $1,500,000 pursuant to a non-brokered private placement (the “Offering”).

Each Unit consists of one common share of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each whole Warrant will expire 24 months from the closing date of the Offering, and will entitle the holder to acquire one Common Share of the Company at a price of $0.30 per Common Share.

Additionally, Margaux is pleased to announce that, subject to regulatory approvals, it intends to issue and sell up to 1,612,903 common shares (“Common Shares”) of the Company issued on a “CEE flow-through” basis pursuant to the Income Tax Act (Canada) (“Flow-Through Shares”) at a price of $0.31 per Flow-Through Share for aggregate gross proceeds of up to $500,000.

Proceeds of the Offering and Flow-Through Shares will be used to pursue the Company’s ongoing exploration and drilling programs at its Jersey-Emerald zinc-tungsten-gold project in Salmo, BC. The securities issued pursuant to the Offering are subject to a four month hold period under applicable securities laws.

Finally, Margaux wishes to update the press release that was issued on September 27, 2016 (the “Prior Release”) regarding the Company’s Zinc-Lead-Silver Grab Sample Results.

As stated in Prior Release, Dr. Victor Zhao from Continental Geology & Mining Consulting Inc. (“CGMC”) conducted field work on the Jersey-Emerald property from July 11 to 25, 2016 and collected the grab samples discussed in the Prior Release. In addition, Dr. Zhao acted as Margaux’s “Qualified Person” for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects for the purposes of the technical aspects of the Prior Release.

About Margaux Resources Ltd.: Margaux is a publicly traded mineral exploration company focused on the exploration and development of the previously producing Jersey-Emerald property, located in southeastern British Columbia. The Company is directed by a group of highly successful Canadian businessmen with proven track records. Margaux has an option to earn 100% ownership on the mine. Margaux trades on the TSX Venture Exchange under the symbol MRL.

Forward Looking Statements
This press release may contain forward looking statements including those describing Margaux’s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: Margaux’s exploration plans and work commitments, the receipt of required regulatory and other approvals as well as other market conditions and economic factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

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.


CONTACT INFORMATION

Margaux Resources Ltd.
Tyler Rice
President, CEO and a Director
(403) 537-5590
[email protected]

Margaux Resources Announces Zinc-Lead-Silver Grab Sample Results and Launch of the New Margaux Resources Website

Margaux Resources Announces Zinc-Lead-Silver Grab Sample Results and Launch of the New Margaux Resources Website

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Margaux Resources Ltd. (TSX VENTURE:MRL) (“Margaux” or the “Company”) is pleased to announce that it has successfully identified high-grade Zinc-Lead and Silver during its ongoing 2016 surface prospecting program on its Jersey-Emerald Property, in British Columbia.

The Company identified samples which included 26.20% lead with 7.91% zinc and 646 g/t silver and 12.75% lead with 11.60% zinc and 228 g/t silver. All samples were taken from areas beyond the historic working area, extending the Company’s interest beyond the historic mine workings. Margaux is extremely encouraged by these results which continue to expand the potential of the Jersey-Emerald Property.

Key results obtained from the ongoing prospecting program are presented below (see map and table).

LocationSample No.Grab sample descriptionAg ppmPb%Zn%Bi ppmCd ppmIn ppmMo ppmOther elements(ppm or as denoted in %)
70m NE  of Emerald 4640MRL 11-12 m limonization argillite zone5.70.220.6428.536.70.3931.4Se: 15.9
MRL 11-210-20cm massive gossan (pyrrhotite) vein11.90.501.1622.970.40.2655.0Re: 0.208, Sb: 152.5, Se: 17.1
MRL 11-3Gossan37.83.691.5216.020.20.08133.5Sb: 275
Limonite outcropP253-1Approximately 45m by 25m gossan outcrop, NE35 trending, dip to W, dip angle is about 45 degree. Brown-yellow gossan soil;1.43.300.483.69.70.0278.4Hg: 1.43
P253-2Honeycomb-like gossan2.02.290.681.029.40.0292.3Hg: 1.44
Nevada MountainP195-1Massive pyrrhotite with Cph6.20.007.584.9899.012.053.2WO3: 0.33%, Cu: 0.44%, Se: 85.6, Be: 7.46
Iron MountainP12615cm Cc+Gn+Sp vein trending 94 degree, subvertical646.026.207.9168.0530.06.420.7Sb: 1200, Se: 126.5, Te: 5.94, Sn: 80
Tungsten King 1P157-1 Massive galena-pyrrhotite vein;228.012.7511.6057.3>100019.203.5Sb: 149.5, Te: 3.88

Note: The reader is cautioned that these assays represent prospecting samples and may not be representative of the grade or width of the mineralization. There is presently insufficient data with respect to the size and extent of the mineralization to determine its significance.

Gossan zone (samples P253-1,2, MRL 11-1, 2, 3): The old gossan zones at Jersey-Emerald mine have great potential to discover additional lead-zinc ore. The mapped limonite outcrop (P253) is about 45 meters by 25 meters.

Iron Mountain (sample P126): An East-West trending, subvertical, narrow lead-zinc-silver mineralization is identified in limestone at the top of Iron Mountain. The East-West trending fault cuts bedding of limestone and has similar trending to gold-bearing quartz veins in the region which is of geological significance.

Nevada Mountain (sample P195-1): Zinc-tungsten mineralization is discovered at Nevada Mountain, where limestone, argillite and skarn is observed, East of the Jersey-Emerald mine. There is a strong magnetic anomaly at Nevada Mountain; the mineralization could be related to the magnetic anomaly.

Tungsten King I (sample P157-1): Identified an old mineral occurrence with high grade lead-zinc-silver mineralization. The mineralization is fracture controlled and warrants further exploration.

Margaux retained the services of Victor Zhao and Chaoxian Zhou from Continental Geology & Mining Consulting Inc. (“CGMC”) to conduct field work on the Jersey-Emerald property from July 11 to 25, 2016. As part of their work with the Company, Dr. Zhao collected the grab samples discussed in this press release.

Launch of the New Margaux Resources Website

In addition, Margaux is pleased to announce the launch of its new website (www.margauxresources.com) and invites visitors to learn more about the Company and its assets through exploring the new site. As Margaux advances operations at the Jersey-Emerald mine, its goal with this new website is to provide a platform for the community, industry and investors to follow Margaux’s progress and facilitate improved communications.

New features of the site include a full suite of investor information, operational updates, as well as integrated social media for LinkedIn and Twitter (@MargauxResource). The website will be regularly updated as the Company progresses and has relevant news or content for interested parties.

“It is imperative that Margaux has a fully functioning platform to engage with our community, industry and investors. Our new website in conjunction with our social media presence allows us to keep up-to-date with interested parties, sharing our progress and allowing for better insight into the company”, said Tyler Rice, the Company’s President and CEO. “With zinc prices increasing over 45% since January 2016 and global published inventories near a 5 year low and the investor focus on this commodity has increased significantly. Through this new website, we are excited to showcase Margaux’s operations and future involvement in the zinc market.”

About Margaux Resources Ltd.: Margaux is a publicly traded mineral exploration company focused on the exploration and development of the previously producing Jersey-Emerald property, located in southeastern British Columbia. The Company is directed by a group of highly successful Canadian businessmen with proven track records.  Margaux has an option to earn 100% ownership on the mine.  Margaux trades on the TSX Venture Exchange under the symbol MRL.

Forward Looking Statements

This press release may contain forward looking statements including those describing Margaux’s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: Margaux’s exploration plans and work commitments, the receipt of required regulatory and other approvals as well as other market conditions and economic factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

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.

CONTACT INFORMATION

Margaux Resources Ltd.
Tyler RicePresident, CEO and a Director
(403) 537-5590
[email protected]

Margaux Resources Strengthens Management Team with Appointment of Vice President, Exploration

Margaux Resources Strengthens Management Team with Appointment of Vice President, Exploration

CALGARY, ALBERTA–(Market Wired – August 16th, 2016)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Margaux Resources Ltd. (TSX VENTURE:MRL) (“Margaux” or the “Company”) is pleased to announce the appointment of Richard Kilpatrick as Vice President of Exploration, who joined the Company on August 15th, 2016.

Tyler Rice, President and CEO, stated: “We are extremely excited to have Richard joining the Margaux team, to have him advance our geology program, and to lead our exploration team. Margaux will benefit greatly from Richard’s expertise and depth of knowledge. This appointment demonstrates our confidence in the Company’s
exploration and growth led strategy on the Jersey Emerald Property.”

Mr. Kilpatrick is a registered professional geologist with over 28 years of industry experience in domestic and international exploration, mine operations and consulting for junior and mid-tier companies. Most recently Mr. Kilpatrick held the position of President and CEO of a TSX-V junior listed exploration company, where he led exploration projects for gold in Canada.

Mr. Kilpatrick formerly worked for International Corona, and TVX in roles of increasing responsibility. These roles included Chief Geologist at the New Brittania Mine and Superintendent of Geology at the Olympias Mine development project in Greece. Prior to this, Mr. Kilpatrick was the Consulting Manager for Geology and Mine Engineering for AMEC’s Oakville office. Mr. Kilpatrick holds a BSc (Hons) in Geology from the University of Windsor.

“It’s a great opportunity to join Margaux at this very dynamic time in the Company’s development”, said Mr. Kilpatrick, “I’m looking forward to working with Dr Zhao and the rest of the CGMC team, as we move forward with the Company’s data mining strategy and future drill program.”

It was previously announced that Margaux had retained the services of Dr Zhao and his Continental Geology & Mining Consulting Inc. (“CGMC”) team, who have been conducting field work for Margaux as well contributing to the exploration program and regional targeting. Please see Margaux’s August 9th, 2016 press release for further detail on Dr Zhao and CGMC.

About Margaux Resources Ltd.: Margaux is a publicly traded mineral exploration company focused on the exploration and development of the previously producing Jersey Emerald property, located in southeastern British Columbia. The Company is directed by a group of highly successful Canadian businessmen with proven track records. Margaux has an option to earn 100% ownership on the mine. Margaux trades on the TSX Venture Exchange under the symbol MRL.

Forward Looking Statements
This press release may contain forward looking statements including those describing Margaux’s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining,
directly or indirectly, to the following: Margaux’s exploration plans and work commitments, the receipt of required regulatory and other approvals as well as other market conditions and economic factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forwardlooking statements except as expressly required by applicable securities laws.

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.


CONTACT INFORMATION

Margaux Resources Ltd.
Tyler Rice
President, CEO and a Director
(403) 537-5590
[email protected]