Braveheart Resources Inc.

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Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart’s main asset is the newly acquired Bull River Mine, an ad...

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Braveheart Resources Inc.

publicPublicGroup

Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and de......

people6 Members       (0)

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8020Admin

3 days

8020Admin posted a press release Braveheart Commences 2019 Exploration Program at Bull River Property in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - July 16, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") hereby announces that it has begun its 2019 exploration program at the Bull River Mine property. The program is fully funded.


The initial focus of the program is on the former past producing Empire-Strathcona property which is located on the Company's 100% owned Bull River land package. The claims are underlain by Precambrian argillite and argillaceous quartzite of the Aldridge formation. The quartz siderite vein system has been exposed by two open cuts and two adits. Mineralization is primarily copper and silver. Mine geologists recently collected five grab samples from an upper adit, upper adit dump and an exposed rock cut. Assay results from these grab samples ranged from 0.22% to 7.10% copper. . Detailed assay results from all grab samples can be reviewed in Table 1 below. It should be noted that grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.


The Empire Strathcona property has been discussed in the Annual Reports of the Minister of Mines, British Columbia for 1898, 1929, 1930 and 1937. In 1937 two grab samples were selected by the British Columbia Department of Mines engineer from the upper adit dump. The samples yielded grades of 8.9% and 4.2% copper from visible chalcopyrite and pyrrhotite. Government records indicate that in the 1930's mineralized material was transported from the lower adit of the mine, via a 580 m tram-line to the valley bottom and then to a smelter. There are no historical estimates for the tonnage and grade of mineralized material that was mined at the property. As of mid-June 2019, a diamond drill has been mobilized to the site in proximity to the lower adit of the mine. The drill is targeting potential mineralization down dip and along strike of previous underground workings at the Empire Strathcona.


Mine geologists also collected two grab samples from a caved stope at the Company's Don prospect. These samples returned assays of 19.50% and 16.27% copper from a vein averaging 0.9 to 1.1 m in width. The Don was acquired as part of the large contiguous land package at the Bull River property but is not currently included in the Multi Year Area Based ("MYAB") permit that the Company recently received from BC Energy Mines and Petroleum Resources for exploration drilling at the Bull River mine; thus, drilling cannot commence until a new MYAB permit is approved or the current MYAB permit is amended. There are no historical estimates for the tonnage and grade of mineralized material mined at the property; however, based on these samples further exploration work is justified. The Company is pleased to report that as of July 10, 2019 589 hectares of mineral claims, immediately adjacent to the Don prospect, and contiguous to the current 9,785 hectare land package have been added to the Bull River land holdings.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=BHT%3ACC&qmodStoryID=6635281639970456 

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of $200,000 Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - June 19, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a private placement financing of flow-through shares for gross proceeds of $150,000. The Company issued 882,353 flow-through shares at an issue price of $0.17 per share. In addition, the Company issued 333,333 units at an issue price of $0.15 per unit, for gross proceeds of $50,000. Each unit was comprised of one common share and one-half of one common share purchase warrant, with each full warrant exercisable into a common share at an exercise price of $0.21 per share for a period of 24 months.


The Company paid finders fees totalling $20,000 and issued 60,784 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.17 per share for a period of 24 months.


The proceeds of the financing will be used to fund the Company's exploration efforts in British Columbia.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45752

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of $500,000 Flow-Through Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - June 6, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a private placement financing of flow-through shares for gross proceeds of $500,000. The Company issued 2,941,177 flow-through shares at an issue price of $0.17 per share.


The Company paid finders fees totalling $50,000 and issued 294,118 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.17 per share for a period of 24 months.


The proceeds of the financing will be used to fund the Company's exploration efforts in British Columbia.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer, President and Director
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45372

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8020Admin

10 days

8020Admin posted a press release Braveheart Receives Drilling Permit for Bull River Operations in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - June 5, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to report that it has received approval from the British Columbia Ministry of Energy, Mines and Petroleum Resources for a Multi-Year Area Based Permit ("MYAB") that will allow the Company to begin exploration activities at its newly acquired Bull River operations.


The MYAB permit allows the Company the opportunity to conduct exploration activities over a five-year time period in an area which includes five known BC Minfile occurrences including the CEDAR/G Zone, Dean, REX, Empire Strathcona and Burt. This area is included in the Company's 10,285 hectare contiguous land package. Preliminary work was conducted by the previous owner in 2017 and 2018 in terms of prospecting, sampling and geophysical surveys. The 2019 program will be primarily focused on diamond drilling from surface utilizing a skid-mounted diamond drill capable of drilling to depths of up to 1,000 metres with NQ2 core.


The area has an extensive infrastructure of road access, therefore, no new roads will be required. Numerous past historical activities have taken place within the proposed work area including trenching, diamond drilling and limited mining activity by tunneling from surface adits. Most of the property is free from snow beginning in April until November, and the road access infrastructure allows for year round drilling at lower elevations.


Ian M. Berzins, President and CEO, Braveheart Resources commented, "We are pleased to receive the MYAB permit and begin our 2019 drilling program at the Bull River property. We have some very prospective targets based on the historical work done in the area by previous owners and our infrastructure affords us excellent access to our planned drill locations."


In addition, the Company announces the granting of up to 6,300,000 options at a strike price of $0.16 and an expiry date of five years to officers, directors, employees and consultants of the Company.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as President, CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information


Braveheart Resources Inc.
Ian Berzins, P.Eng.
President and Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45358


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8020Admin

10 days

8020Admin posted a press release Braveheart Further Restructures Management Team in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - June 3, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has completed further restructuring of the management team.


Mr. Doug Porter, CFO of the Company, will step down in his capacity as CFO. Mr. Dwayne Vinck will assume the role of CFO effective immediately. As the company transitions from an exploration and development to producing company, the demands on financial support will increase significantly. These changes have been implemented in order to prepare the Company for its evolution to producing status.


Dwayne Vinck is an independent financial consultant, based in Calgary Alberta. He is a Chartered Professional Accountant with over 30 years of business experience including public accounting and financial reporting, directorships, executive leadership, change management, project leadership and mergers and acquisition. He operates a public accounting services firm, is Board Chairman of Sulphur Recovery Engineering, CFO and former Director of West High Yield Resources Ltd. (TSXV: WHY) and currently a volunteer Treasurer and National Director of Kids Help Phone. He graduated from University of Manitoba with a Bachelor of Commerce (Honours) and is a member of the Chartered Professional Accountants of Alberta and the Institute of Corporate Directors.


Ian M. Berzins, President and CEO of Braveheart commented, "I want to thank Doug for his contributions to Braveheart during the last year. In his tenure Doug provided stability in financial reporting. Our transformational acquisition of Purcell Basin Minerals came together seamlessly, and I thank Doug for his support in that team effort. I also welcome Dwayne to the Company. We are confident that he can provide us with the required support for the Company as we embark on the next phase of our journey".


Dwayne Vinck commented "I am pleased to join Braveheart Resources at this time in their evolution. Braveheart has some advanced stage mining projects and an experienced management team. I look forward to helping the team as we become an operating mining company".


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information


Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45236

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8020Admin

10 days

8020Admin posted a press release Braveheart Restructures Management Team in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - May 13, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") hereby announces that it has implemented a planned restructuring of the management team.


Under the restructuring Phil Keele, President and Director of the Company, will step down as President but will remain as a Director of the Company. Ian Berzins, CEO and Director will assume the responsibilities of President in addition to his role as CEO and Director. Jim Decker, Vice President Investor Relations, will step down from his role and investor communications will be assumed by Beverly Brooks with Brooks Communications on a contract basis. These changes were implemented to provide for a more stream-lined management structure and to improve communication with our investors.


David W. Johnston, Chairman of Braveheart commented, "I want to thank Phil for his commitment and dedication to Braveheart. During his tenure Phil was instrumental in improving the asset base for Braveheart, bringing in new shareholders to the Company and working with Ian to complete a complex business transaction with the acquisition of Purcell Basin Minerals Inc. This acquisition is transformational for the Company. I am pleased to report that Phil will stay on as a Director of the Company. I also want to recognize Jim Decker for his contributions as a founder and for his development of our shareholder base. Jim was also very influential in recruiting seasoned mining executives to Braveheart as Officers and Directors".


Phil Keele, President of Braveheart commented, "this transition has been planned for some time and I am confident that Ian will be able to move the company forward with an expectation of free cash flow in the foreseeable future, based on his knowledge and experience with capital markets and as a mine builder of underground mining operations. I am pleased to work with Ian and the entire Board to maximize shareholder value".


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44738

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8020Admin

10 days

8020Admin posted a press release Braveheart Completes Implementation of Plan of Arrangement in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - May 8, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has completed implementation of the previously announced acquisition of Purcell Basin Minerals Inc. ("Purcell") pursuant to a Plan of Arrangement ("Plan") and made pursuant to the Companies' Creditors Arrangement Act ("CCAA").


Under the Plan, Braveheart made an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart. Purcell shareholders were given an offer to acquire up to 16.5 million units ("Units") of Braveheart. Each Unit is comprised of one common share of Braveheart and one warrant, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Each Purcell shareholder, regardless of how many Purcell shares were held by the shareholder, had to make a flat cash payment of $1,000 for all the Units purchased. Purcell shareholders were given a period of 90 days from completion of the acquisition on January 18, 2019 to exercise their option to acquire Braveheart shares. The option period has closed and 15,994,880 shares will be issued to 118 former shareholders of Purcell who elected to exercise the option.


Ian Berzins, CEO, Braveheart commented, "I am pleased to see that this final component of the Plan is complete. I welcome our new shareholders many of whom are intimately familiar with the physical assets at the Bull River Mine and have visited the mine on multiple occasions. The addition of these new shareholders significantly increases our retail shareholder base."


The Company has initiated the process of amending the current Mine Permit to allow for increased mine throughput, onsite milling and permission to dispose of tailings. The Company is planning to utilize dry stack tailings deposition. This is one of the best available technologies for tailings disposal as it eliminates the need for pond and dam impoundment structures. Concurrent with the permit application the Company is sourcing several capital items to allow the mill to go back into operation including a surface transformer and flotation cells for the mill. Additionally, the Company has applied for a Multi Year Access Based Permit with the British Columbia Ministry of Energy, Mines & Petroleum Resources to allow for surface diamond drilling. The focus of the drilling program will be on the Rex and G Zones that are contained within the Company's contiguous land package of 10,285 hectares.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information


Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44672

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Appoints Gestur Kristjansson as Director in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - February 14, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has appointed Gestur Kristjansson as a Director of the Company.


Mr. Kristjansson holds a BA in Advanced Applied Economics from the University of Manitoba as well as a MBA from the University of British Columbia. Additionally, he is a chartered professional accountant (CPA, CA) and recently obtained his ICD.D designation from the Institute of Corporate Directors. Mr. Kristjansson has over 30 years of experience in accounting, financial management, corporate finance and mergers and acquisitions. He has participated in multiple equity and debt raises with over $400 million sourced. He previously held the role of Chief Financial Officer and VP Finance of a publicly listed Canadian gold mining company for a period of eight years during which he was also interim President and CEO. Mr. Kristjansson brings valuable experience to Braveheart as it transitions to a producing mining company. Mr. Kristjansson is a business owner/operator and resides in Winnipeg with his wife and two sons.


David W. Johnston, Chairman of the Board stated: "I am delighted to welcome Gestur Kristjansson to the Board during this transformational period for Braveheart. Gestur's appointment further strengthens the depth of our Board following the appointment of John Morgan in July 2018." As previously disclosed in the Company's website Mr. Morgan holds a BSc. in Geology from the University of British Columbia. He is a seasoned mining executive with over 40 years of experience with a strong technical and financial background both in public and private companies. Most recently Mr. Morgan retired as President, COO and Director of Atlantic Gold Corporation.


Ian Berzins, Chief Executive Officer, added, "I too want to welcome Gestur Kristjansson to the Board and look forward to working with him once again. The recent appointments of Mr. Kristjansson and Mr. Morgan as independent directors strengthens the depth of our Board as we move forward with the re-permitting of our newly acquired Bull River Mine near Cranbrook, British Columbia."


About Braveheart Resources Inc.


Braveheart Resources Inc. is a Canadian based junior exploration company focused on building shareholder value through exploration and development in the favorable and proven mining jurisdictions of the East and West Kootenays of British Columbia.


We seek Safe Harbour.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng., ICD.D
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42851

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Evaluating Potential for Cobaltite Recovery at Newly Acquired Gallowai Bul River Mine in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - January 28, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is evaluating the potential for recovery of cobaltite at its newly acquired Gallowai Bul River Mine ("Bul River") near Cranbrook, British Columbia. Mineralization at Bul River consists of pyrite, pyrrhotite, and chalcopyrite with minor local galena, sphalerite, arsenopyrite, cobaltite, and traces of tetrahedrite and native gold. There is no estimate of cobaltite in the current mineral resource.


In 2015 metallurgical work was carried out by ALS Metallurgy in Kamloops, British Columbia on 25 kg composite samples from underground and surface to test for copper and gold recovery through flotation. Both composites had copper head grade values of 1.27% Cu. For the surface composite approximately 95% of the copper and 92% of the gold was recovered to a copper concentrate grading about 26% copper and 24.1 g/t gold. For the underground composite approximately 90% of the copper and 60% of the gold was recovered to a concentrate grading 30% copper and 11.4 g/t gold. A multi-element analysis of the copper concentrates indicated cobalt recovery of 906 g/t and 964 g/t in the surface and underground composites respectively. Typically, smelters do not pay for cobalt that is captured with the copper concentrate while gold and silver credits will be paid.


As part of its due diligence on the acquisition of Purcell Basin Minerals in June 2018 Braveheart collected chip samples from the walls of the underground workings in areas where cobaltite was visibly present under the supervision of Ian Berzins, P.Eng. of Braveheart. Chain of custody was maintained by Braveheart and a 9 kg sample was shipped to SGS Mineral Services ("SGS") in Vancouver, British Columbia for analysis. The head analysis for the sample was 0.13% Cu, 1.4 g/t Ag, 0.09 g/t Au and 0.05% Co.


The purpose of the recent testing at SGS was to determine whether cobalt could be recovered to a pyrite concentrate through a secondary flotation process, thereby creating potential by-product credits. A bulk chalcopyrite flotation test was first conducted on the sample to produce a copper rich concentrate and tailings for cobaltite testing. Flotation testing was completed on the combined tailings of the rougher tailings and the 1st cleaner tailings to evaluate the floatability of cobaltite with pyrite. The head grade of the rougher and cleaner tailings was 0.04% cobalt indicating that approximately 80% of the cobaltite was reporting to tailings. Flotation testing produced a cleaner concentrate with a recovery of 74.8% cobalt at a grade of 0.66% Co.


The initial test work indicates that cobalt can be recovered to a pyrite concentrate but further test work is required to determine whether a pyrite concentrate can be produced with sufficiently high cobalt content to support cobalt extraction and purification. Further cobaltite testing will be conducted on mineralized material from the surface stockpile within the next two months to determine whether a separate cobaltite and pyrite flotation circuit is warranted as an addition to the current mill circuit design.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder value through exploration and development in the favorable and proven mining jurisdictions of the East and West Kootenays of British Columbia.


Qualified Person


Braveheart's disclosure of a technical or scientific nature has been reviewed and approved by Ian Berzins, P.Eng., Braveheart's CEO, who serves as a qualified person under the definition of National Instrument 43-101.


We seek Safe Harbour.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42489

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8020Admin

10 days

8020Admin posted a press release Braveheart Completes Acquisition of Purcell Basin Minerals Inc. in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - January 21, 2019) -  Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has completed the previously announced acquisition of Purcell Basin Minerals Inc. ("Purcell") pursuant to a Plan of Arrangement ("Plan") and made pursuant to the Companies' Creditors Arrangement Act ("CCAA").


Under the terms of the Plan, Braveheart settled all priority payables including the costs of the Court appointed Monitor under the CCAA proceedings, related legal expenses and the interim financing currently in place and being paid by the debtor in possession. The cash cost of the priority payables is $1,184,652.


Braveheart will issue shares and warrants to CuVeras LLC ("CuVeras") and its unit holders. Braveheart will also issue shares to unsecured creditors of Purcell and will make an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart.


The unit holders of CuVeras LLC ("CuVeras"), one of two secured creditors of Purcell, have been issued 10 million common shares of Braveheart and 10 million warrants of Braveheart, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Braveheart has purchased CuVeras' senior secured position for $6,000,000 in the form of a convertible debenture, which will mature three years from the date of issuance. The debenture will accrue annual interest of 0%, 1% and 2% respectively in the first, second and third year of the debenture. After two years, 40% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.40 per share. After three years, the remaining 60% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.50 per share. If the convertible debenture is fully converted into common shares of Braveheart, an aggregate of 13,200,000 common shares would be issuable to CuVeras.


Highlands Pacific LLC and Highlands Pacific Partners LP and related entities controlled by Brendan MacMillan ("MacMillan Group"), the second secured creditor of Purcell, has been paid $2,500,000 in exchange for releasing all claims against the assets of Purcell and all claims against CuVeras and those parties have settled all litigation between them.


Unsecured creditors of Purcell have received 30% of their claim value in common shares of Braveheart at a price of $0.10 per share based on a satisfactory proof of claim, resulting in the issuance of 4,276,248 common shares of Braveheart. An additional 2,422,101 common shares of Braveheart have been reserved for issuance for the settlement of claims of unsecured creditors which have not yet been finally determined, but as of today's date have not been allowed by the Court appointed Monitor.


The Purcell equityholders will be given an offer to acquire up to 16.5 million units ("Units") of Braveheart. Each Unit will be comprised of one common share of Braveheart and one warrant, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Each Purcell equityholder, regardless of how many Purcell shares held by such equityholder, will have to make a flat cash payment of $1,000 for all the Units purchased.


In order to finance the cash costs of the transaction, Braveheart has entered into a loan agreement with Matlock Farms Ltd., a company controlled by Aaron Matlock, a director of Braveheart. The loan has a principal amount of $5,000,000 and carries an interest rate of 14.8% for a term of four years. Interest will only accrue for the first two years, and commencing in the third year, Braveheart will be required to make blended payments comprised of principal and interest.


Due to the fact that Matlock Farms Ltd. is controlled by an insider and a related party of the Company, this transaction is considered a "related party transaction" as set out in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemption from the valuation requirements of MI 61-101 contained in section 5.5(a), and from minority approval requirements pursuant to section 5.7(f), due to the fact that the loan is on reasonable commercial terms that are not less advantageous to Braveheart than if the loan or credit facility were obtained from a person dealing at arm's length with Braveheart, and the loan is not convertible into equity securities of Braveheart.


The Company has completed a National Instrument 43-101 technical report in respect of the Gallowai Bul River Mine in the East Kootenays of southeast British Columbia. The report was completed by Moose Mountain Technical Services ("MMTS") on November 4th, 2018 and conforms to NI 43-101 Standards of Disclosure for Mineral Projects.


The report by MMTS estimates mineral resources in the indicated and inferred categories as outlined in Tables 1.1 and 1.2. The tables summarize indicated and inferred resources over a range of copper equivalent ("CuEq") cut-offs. Based on a 0.6% CuEq cut-off the estimated indicated mineral resource is 2.179 million tonnes at a grade of 1.809% CuEq. Based on a 0.6% CuEq cut-off the estimated inferred mineral resource is 0.513 million tonnes at a grade of 1.503% CuEq. The base case for potential underground mining of the deposit is highlighted in the resource tables.


Read more here:  https://www.quotemedia.com/portal/quote?qm_symbol=BHT%3ACC&qmodStoryID=8556650238832669 

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of $1,564,000 Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - December 28, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a non-brokered private placement financing of flow-through units and units for gross proceeds of $1,564,000. The Company issued 12,690,000 units at an issue price of $0.10 per unit, which are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The Company also issued 2,950,000 flow-through units at an issue price of $0.10 per unit and are comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The Company paid finders fees totalling $18,000 and issued 180,000 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.10 per share for a period of 24 months.


The proceeds of the financing will be used to fund the Company's recently announced proposed acquisition of Purcell Basin Minerals Inc., advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder value through exploration and development in the favorable and proven mining jurisdictions of the East and West Kootenays of British Columbia.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - November 30, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") intends to complete a non-brokered private placement financing of flow-through units and units for gross proceeds of up to $2,500,000. The units will have an issue price of $0.10 per unit and be comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units will have an issue price of $0.10 per unit and be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to fund the Company's recently announced proposed acquisition of Purcell Basin Minerals Inc., advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Signs Definitive Agreement to Acquire Purcell Basin Minerals Inc. in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - October 18, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has entered into a definitive agreement to acquire the shares of Purcell Basin Minerals Inc. ("Purcell") pursuant to a Plan of Arrangement ("Plan") and made pursuant to the Companies' Creditors Arrangement Act ("CCAA"). This is an arms length transaction. The Plan was finalized and signed on October 11, 2018 and remains subject to approval by the creditors of Purcell and by the Supreme Court of British Columbia ("Court"). Braveheart expects all necessary approvals will have been obtained by November 19, 2018.


Under the terms of the Plan, Braveheart will settle all priority payables including the costs of the Court appointed Monitor under the CCAA proceedings, related legal expenses and the interim financing currently in place and being paid by the debtor in possession. The cash cost of the priority payables is not expected to exceed $1,500,000.


In addition to cash, Braveheart will issue shares and warrants to CuVeras LLC ("CuVeras") and its unit holders. CuVeras is one of two secured creditors of Purcell. Braveheart will also issue shares to unsecured creditors of Purcell and will make an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart.


Unit holders of CuVeras will be entitled to receive 10 million shares of Braveheart plus 10 million warrants with each warrant entitling the holder to purchase a further share at a price of $0.15 per share for a period of 12 months. Braveheart will purchase CuVeras' senior secured position for $6,000,000 in the form of a convertible debenture, which will mature three years from the date of issuance. The debenture will accrue annual interest of 0%, 1% and 2% respectively in the first, second and third year of the debenture. After two years, 40% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.40 per share. After three years, the remaining 60% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.50 per share. If the convertible debenture is fully converted into common shares of Braveheart, an aggregate of 13,200,000 common shares would be issuable to CuVeras.


Highlands Pacific LLC and Highlands Pacific Partners LP and related entities controlled by Brendan MacMillan ("MacMillan Group"), the second secured creditor of Purcell, will receive $2,500,000, payable on closing. MacMillan Group will release all claims against the assets of Purcell and all claims against CuVeras and those parties will settle all litigation between them. Should MacMillan Group not be paid in full on closing, MacMillan Group will receive a secured promissory note (the "Note") for the outstanding balance. The Note will be interest-free for 90 days and will accrue interest at a rate of 12% per annum thereafter. The Note will be fully secured by the assets of Purcell and the MacMillan Group can demand repayment 90 days after closing.


Unsecured creditors of Purcell will be entitled to receive 30% of their claim value in shares of Braveheart at a price of $0.10 per share based on a satisfactory proof of claim. Braveheart estimates that the cost of the settlement of proven claims, after compromise, will be about $390,000. If all of the claims are proven, an aggregate of approximately 3,900,000 common shares of Braveheart would be issued to unsecured creditors of Purcell.


Within 90 days after the Plan is approved by the Court, the Purcell equityholders will be given an offer to acquire up to 16.5 million units ("Units") of Braveheart, based on a ratio of 5 Braveheart Units for each issued and outstanding Purcell share. Each Unit will be comprised of one common share of Braveheart and one warrant, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Each Purcell equityholder, regardless of how many Purcell shares held by such equityholder, will have to make a flat cash payment of $1,000 for all the Units purchased.


Ian Berzins, CEO and Director for Braveheart commented, "We are very pleased with the opportunity to acquire Purcell's Gallowai Bul River Mine. Upon completion of this acquisition we intend to renew the permitting process wherein we will be seeking an amendment to the current mine permit to allow for tailings deposition on surface and in the underground and for an increase in the mill throughput rate to optimize the current mill infrastructure."


Completion of the Purcell acquisition remains subject to the approval of the TSX Venture Exchange.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder value through aggressive exploration in the West Kootenays of southeast British Columbia, a favourable and proven mining jurisdiction. Braveheart's main asset is the past-producing Alpine gold mine near Nelson, British Columbia. In January 2018 Braveheart announced a NI 43-101 resource report for the Alpine mine which was prepared by Gary Giroux, P.Eng. Based on a cut-off grade of 5 g/t Au the Alpine mine has an estimated inferred resource of 268,000 tonnes at an average grade of 16.5 g/t Au, representing 142,000 ounces of gold.


About Purcell Basin Minerals Inc.


Purcell is a private mining company whose primary asset is the 100% owned Gallowai Bul River Mine in the East Kootenays of southeast British Columbia approximately 30 kilometres from Cranbrook. The mine site is a past producer of copper, gold and silver and currently is on care and maintenance. The property hosts the historic Dalton Mine which operated between 1971 and 1974. During that period 471,900 tonnes of mineralized material was milled resulting in the recovery of 126,123 grams (4,055 ounces) of gold, 6,353,628 grams (204,274 ounces) of silver and 7,256,050 kilograms (16.0 million lbs) of copper (BC MINFILE).


In July 2010 the British Columbia Securities Commission ("BCSC") issued Order 2010 BCSECCOM 607 ("the Order") requiring Ross Stanfield, Bul River Mineral Corporation and Gallowai Metal Mining Corporation ("the Respondent Corporations") to disseminate a technical report, fully compliant with National Instrument 43-101 (NI 43-101) and prepared by Scott Wilson RPA, to all existing and future security holders of the Respondent Corporations. In April 2012 the Order was complied with by the Respondent Corporations and in June 2012 the undertakings of the Order were no longer in effect.


In December 2012 Snowden Mining Industry Consultants ("Snowden") completed an updated NI 43-101 technical report that outlined an indicated mineral resource of 1,730,000 tonnes at a grade of 1.8% CuEq and an inferred mineral resource of 1,430,000 tonnes at a grade of 1.7% CuEq. Upon completion of this acquisition Braveheart will contract an independent consulting firm to review the Snowden report and prepare a mineral resource estimate in accordance with NI 43-101 and Form 43-101F1 under the Company's name. Braveheart commits to file a technical report within 45 days of the announcement on the System for Electronic Document Analysis and Retrieval ("SEDAR").


The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
iberzins@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - August 15, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") intends to complete a non-brokered private placement financing of flow-through units and units for gross proceeds of up to $1,000,000. The units will have an issue price of $0.10 per unit and be comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units will have an issue price of $0.10 per unit and be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
iberzins@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Announces Mineralized Material Sorting Test Results from its Alpine Mine Property Near Nelson, BC in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - August 13, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") Mr. Ian Berzins, CEO, Braveheart Resources Inc. reports:


Braveheart has released positive mineralized material sorting test results from quartz bearing vein material at the Alpine Mine gold project near Nelson, British Columbia. Testing was carried out by STEINERT US INC. (STEINERT) at their facilities in Walton, Kentucky using their multisensory sorting system (KSS). Aaron Matlock, Braveheart's Chief Operating Officer, was in attendance during the test. Samples tested included 72 kg of run of mine (ROM) material and 128 kg of a composite sample for a total of 200 kg. Samples were shipped to SGS Laboratories, an ISO 17025 accredited laboratory in Lakefield, Ontario for preparation and analysis.


The purpose of the testing was to determine whether the STEINERT ore sorting system and methodology can be used to up-grade mineralized material originating from the Alpine Mine project prior to trucking and processing. The STEINERT machine incorporates a combination of X-ray transmission sensors (XRT) and laser sensor technology. The X-ray transmission targets the atomic density of the material and measures the X-ray attenuation of each particle which has a direct correlation on the mineral composition of the rock. This allows higher density material to be separated from lower density material. The former contains more of the mineralized rock and the latter is separated as low-grade or waste. The laser sensor targets the shape and brightness of a particle.


In preparation for testing of the ROM and composite samples the -10mm fines were removed by screening. The ROM and composite test samples ranged in size from -50mm to +10mm in size. During testing the ROM material was up-graded from a feed grade of 14.7 g/t Au to 20.3 g/t Au with 92.8% gold recovery and 32.7% waste rejection. The composite material was up-graded from a feed grade of 25.4 g/t Au to 43.2 g/t Au with 81.3% recovery and 52.1% waste rejection.


Ian Berzins, Braveheart's Chief Executive Officer, commented: "The test results are very encouraging and indicative that STEINERT sorting of mineralized material at the Alpine Mine could be an important component of Braveheart's overall beneficiation process. Historical records from the BC Ministry of Mines and Energy indicated that the Alpine Mine achieved a plant feed grade of approximately 22 g/t Au using some hand sorting of mineralized material. The current NI 43-101 resource for the Alpine Mine project is 268,000 tonnes at a grade of 16.5 g/t Au based on 5 g/t Au cut-off grade. Ore sorting at the mine site has the potential of up-grading the mineralized material to historical levels using this technology. Braveheart is currently investigating several options for custom milling of Alpine Mine mineralized material in reasonable proximity to the mine. By up-grading the value of the ore at the mine trucking and processing costs can be significantly reduced on a unit basis".


Meanwhile, Braveheart is about to embark on its 2018 exploration program at the Alpine Mine project which is scheduled to commence in mid-August. The program consists of a helicopter-assisted diamond drilling program of approximately 1,600m and is intended to increase the overall size of the resource and convert some of the resource from inferred to either measured or indicated categories. Surface exploration including mapping and sampling of potential targets on the property will be carried out simultaneously.


About Braveheart Resources Inc.


Braveheart is a Canadian-based junior exploration company focused on building wealth through exploration in a favourable and proven mining jurisdiction - - the West Kootenays in southeast British Columbia (silver and gold).


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Ian Berzins, P.Eng., Braveheart's CEO who serves as a qualified person under the definition of National Instrument 43-101.


Contact Information


Braveheart Resources Inc.
Ian Berzins, CEO
Chief Executive Officer
403-512-8202
iberzins@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - August 3, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces the completion of the previously announced non-brokered private placement financing. The Company issued 2,535,000 units for gross proceeds of $253,500. The units have an issue price of $0.10 per unit and are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).


Contact
Braveheart Resources Inc
David W. Johnston
President
403-701-2781
davidwjohnston@shaw.ca


Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - July 18, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") intends to complete a non-brokered private placement financing of flow-through units and units for gross proceeds of up to $1,500,000. The units will have an issue price of $0.10 per unit and be comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units will have an issue price of $0.10 per unit and be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).


Contacts
Braveheart Resources Inc.
David W. Johnston
Chairman
403-701-2781
davidwjohnston@shaw.ca


Phil Keele
President
780-215-4044
pkeele@shaw.ca


Ian Berzins
CEO
403-512-8202
iberzins@shaw.ca


Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Appoints Ian Berzins as Chief Executive Officer and Doug Porter as Chief Financial Officer in BRAVEHEART RESOURCES INC.


TORONTO, May 03, 2018 (GLOBE NEWSWIRE) -- Braveheart Resources Inc. (TSX Venture:BHT) ("Braveheart" or the "Company") is pleased to announce that it has appointed Ian Berzins to the position of Chief Executive Officer and Doug Porter to the position of Chief Financial Officer, replacing Alex Falconer who has left the Company. Mr. Berzins will also join the Company's Board of Directors. Braveheart believes that both gentlemen bring valuable expertise to the Company’s operations as it moves forward to explore and develop its Alpine Mine property (“the Property”) near Nelson in southeastern British Columbia.


Mr. Berzins holds a B.Sc. in Mining Engineering from Queen’s University in Kingston, Ontario and is a registered Professional Engineer in Alberta and British Columbia.  He has more than 35 years of experience in all facets of the mining industry including engineering, operations, maintenance, human resources and senior management.  Most recently Mr. Berzins was Vice President and GM at the Mount Milligan copper-gold mine in BC. He previously held the positions of President, CEO and COO at the Rice Lake underground gold mine in Manitoba.  Mr. Berzins is a strong advocate for First Nations and local community participation in mineral exploration and mining. Of particular note is the fact of his having managed three complex underground gold mines in Canada including the Con Mine, Lupin Mine and Rice Lake Mine.


Mr. Porter has a wide range of experience in mining finance both in Canada and internationally, including gold, minerals, coal and oil sands. He holds a Bachelor of Commerce degree from the University of Calgary, Alberta and is a Chartered Accountant as well as a Chartered Business Valuator. Since 1997 Mr. Porter has been the Managing Director of Porter Valuations Inc., a specialty business firm providing valuations and financing consulting services. He also holds the position of CFO for two other junior mining companies and a privately held mineral explorer located in Colombia. He is on the Board of Directors for the private company and one of the public companies.


David Johnston, Chairman of the Board, stated “These men have a wealth of experience as mine builders and operators.  They are joining Braveheart at a critical juncture in time as we unlock the vast potential of the past producing Alpine gold mine”.  Phil Keele, President added “I look forward to working closely with Ian and Doug and welcome their appointments as we broaden and strengthen the depth of our management team and better prepare for the advancement of our Alpine property".


The 2,177-hectare Property is approximately 20 km northeast of Nelson within which is the Alpine Mine, a former operating underground mine with a recorded production of approximately 17,000 tonnes between 1938 and 1948. This material contained approximately 11,500 oz of gold, 7,200 oz of silver, 49 tonnes of lead and 17 tonnes of zinc. The source of this information is from the following report:  "Little, H.W., (1960): Nelson map-area, west-half, British Columbia Nelson map-area, west half, British Columbia; Geological Survey of Canada, Memoir 308". This excerpt was included in a report prepared for the previous owner of the property by Bernhardt Augsten, P.Geo. a Qualified Person under the definition of National Instrument 43-101.


Braveheart carried out a comprehensive exploration program on the Alpine Mine property in 2017. The program included helicopter assisted diamond drilling, road rehabilitation, prospecting, sampling of old mine workings and dumps to corroborate technical information from work done on the Property by previous owners. A total of 11 holes were completed totaling close to 1,600m. The results from the 2017 program were combined with previous historical data and a National Instrument 43-101 Technical Report was published outlining an Inferred Resource of 142,000 oz of gold averaging 16.5 g/t Au using a cut-off grade of 5 g/t. The NI 43-101 resource report was announced on January 22, 2018 and the Company filed the complete report on SEDAR on March 8, 2018. 


The Company has an ambitious program for 2018 and has submitted an application for an extensive work program for the Alpine Mine property that includes 3,500m of diamond drilling, access road upgrades, general surface exploration and background data collection for environmental study purposes. A Preliminary Economic Analysis (PEA) is currently being developed with completion anticipated early in Q3, 2018.


About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has 43,751,106 common shares issued and outstanding.


Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a consultant to Braveheart who serves as a qualified person under the definition of National Instrument 43-101.


Contact
Phil Keele, P.Eng,. President and Director
780-215-4044
pkeele@shaw.ca


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.


All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.


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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - February 28, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces that it has closed a unit financing for $75,000. The units had an issue price of $0.10 per unit and are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four-month hold period.


For more information on Braveheart Resources Inc. including photos please visit our website at www.braveheartresourcesinc.com.


About Braveheart Resources Inc.

Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has approximately 43.5 common shares issued and outstanding.


Contact Phil Keele, P.Eng,. President and CEO 780-215-4044 or pkeele@shaw.ca


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release

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8020Admin

10 days

8020Admin posted a press release Braveheart Announces a Resource Estimate for Alpine Mine Property near Nelson, BC in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - January 22, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has received a National Instrument 43-101 ("NI 43-101") resource report for its flagship Alpine Mine property located ~20 km from Nelson, BC. The report was prepared by Gary Giroux, P.Eng. who fulfills the requirements of a "Qualified Person" as defined in NI 43-101. Mr. Giroux has been providing service to the exploration and mining industry since 1970. For the past 41 years he has been involved in Geostatistical Resource/Reserve Studies for both Major and Junior Mining Companies on a wide range of Deposit Types.


The report has an effective date of January 22, 2018 and the Company intends to file the complete report on SEDAR on or before March 8, 2018.


An Inferred Resource of 268,000 tonnes has been estimated. Using a cut-off grade of 5.0 g/t Au and an average grade of 16.52 g/t Au, this represents an inferred resource of 142,000 oz of gold. Table 1 below provides a range of values using different cut-off grades.


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=BHT%3ACC&qmodStoryID=5817578441703905 

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - January 17, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces that further to the press release of January 15, 2018, the Company has amended the terms of the unit offering such that the units will now include a full warrant. The units have an issue price of $0.10 per unit and are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units have an issue price of $0.10 per flow-through unit and are comprised of one flow-through common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


For more information on Braveheart Resources Inc. including photos please visit our website at www.braveheartresourcesinc.com


About Braveheart Resources Inc. Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has 42,801,105 common shares issued and outstanding.


Contact Phil Keele, P.Eng,. President and CEO 780-215-4044 or pkeele@shaw.ca


Caution Regarding Forward-Looking Information This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - January 15, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces that further to the press release of December 29, 2017, the Company intends to complete additional closing(s) of the private placement. The units have an issue price of $0.10 per unit and are comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units have an issue price of $0.10 per flow-through unit and are comprised of one flow-through common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


For more information on Braveheart Resources Inc. including photos please visit our website at www.braveheartresourcesinc.com.


About Braveheart Resources Inc. Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has 42,801,105 common shares issued and outstanding.


Contact Phil Keele, P.Eng,. President and CEO 780-215-4044 or pkeele@shaw.ca


Caution Regarding Forward-Looking Information This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Closes Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - January 2, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a non-brokered private placement financing of 1,286,600 flow-through units at $0.10 per flow-through unit for gross proceeds of $128,660. The flow-through units are comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


As part of the closing of the financing, the Company paid finders fees of $10,292.80 and issued 102,928 finders warrants, with each finders warrant exercisable into a common share of the Company at a price of $0.10 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


For more information on Braveheart Resources Inc. including photos please visit our website at www.braveheartresourcesinc.com.


About Braveheart Resources Inc. 


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has 42,801,105 common shares issued and outstanding.


Contact Phil Keele, P.Eng,. President and CEO 780-215-4044 or pkeele@shaw.ca


Caution Regarding Forward-Looking Information 


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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Braveheart Resources Inc.

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Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart’s main asset is the newly acquired Bull River Mine, an ad...

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Braveheart Resources Inc.

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Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and de......

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3 days

8020Admin posted a press release Braveheart Commences 2019 Exploration Program at Bull River Property in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - July 16, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") hereby announces that it has begun its 2019 exploration program at the Bull River Mine property. The program is fully funded.


The initial focus of the program is on the former past producing Empire-Strathcona property which is located on the Company's 100% owned Bull River land package. The claims are underlain by Precambrian argillite and argillaceous quartzite of the Aldridge formation. The quartz siderite vein system has been exposed by two open cuts and two adits. Mineralization is primarily copper and silver. Mine geologists recently collected five grab samples from an upper adit, upper adit dump and an exposed rock cut. Assay results from these grab samples ranged from 0.22% to 7.10% copper. . Detailed assay results from all grab samples can be reviewed in Table 1 below. It should be noted that grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.


The Empire Strathcona property has been discussed in the Annual Reports of the Minister of Mines, British Columbia for 1898, 1929, 1930 and 1937. In 1937 two grab samples were selected by the British Columbia Department of Mines engineer from the upper adit dump. The samples yielded grades of 8.9% and 4.2% copper from visible chalcopyrite and pyrrhotite. Government records indicate that in the 1930's mineralized material was transported from the lower adit of the mine, via a 580 m tram-line to the valley bottom and then to a smelter. There are no historical estimates for the tonnage and grade of mineralized material that was mined at the property. As of mid-June 2019, a diamond drill has been mobilized to the site in proximity to the lower adit of the mine. The drill is targeting potential mineralization down dip and along strike of previous underground workings at the Empire Strathcona.


Mine geologists also collected two grab samples from a caved stope at the Company's Don prospect. These samples returned assays of 19.50% and 16.27% copper from a vein averaging 0.9 to 1.1 m in width. The Don was acquired as part of the large contiguous land package at the Bull River property but is not currently included in the Multi Year Area Based ("MYAB") permit that the Company recently received from BC Energy Mines and Petroleum Resources for exploration drilling at the Bull River mine; thus, drilling cannot commence until a new MYAB permit is approved or the current MYAB permit is amended. There are no historical estimates for the tonnage and grade of mineralized material mined at the property; however, based on these samples further exploration work is justified. The Company is pleased to report that as of July 10, 2019 589 hectares of mineral claims, immediately adjacent to the Don prospect, and contiguous to the current 9,785 hectare land package have been added to the Bull River land holdings.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=BHT%3ACC&qmodStoryID=6635281639970456 

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of $200,000 Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - June 19, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a private placement financing of flow-through shares for gross proceeds of $150,000. The Company issued 882,353 flow-through shares at an issue price of $0.17 per share. In addition, the Company issued 333,333 units at an issue price of $0.15 per unit, for gross proceeds of $50,000. Each unit was comprised of one common share and one-half of one common share purchase warrant, with each full warrant exercisable into a common share at an exercise price of $0.21 per share for a period of 24 months.


The Company paid finders fees totalling $20,000 and issued 60,784 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.17 per share for a period of 24 months.


The proceeds of the financing will be used to fund the Company's exploration efforts in British Columbia.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45752

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of $500,000 Flow-Through Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - June 6, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a private placement financing of flow-through shares for gross proceeds of $500,000. The Company issued 2,941,177 flow-through shares at an issue price of $0.17 per share.


The Company paid finders fees totalling $50,000 and issued 294,118 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.17 per share for a period of 24 months.


The proceeds of the financing will be used to fund the Company's exploration efforts in British Columbia.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer, President and Director
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45372

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8020Admin

10 days

8020Admin posted a press release Braveheart Receives Drilling Permit for Bull River Operations in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - June 5, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to report that it has received approval from the British Columbia Ministry of Energy, Mines and Petroleum Resources for a Multi-Year Area Based Permit ("MYAB") that will allow the Company to begin exploration activities at its newly acquired Bull River operations.


The MYAB permit allows the Company the opportunity to conduct exploration activities over a five-year time period in an area which includes five known BC Minfile occurrences including the CEDAR/G Zone, Dean, REX, Empire Strathcona and Burt. This area is included in the Company's 10,285 hectare contiguous land package. Preliminary work was conducted by the previous owner in 2017 and 2018 in terms of prospecting, sampling and geophysical surveys. The 2019 program will be primarily focused on diamond drilling from surface utilizing a skid-mounted diamond drill capable of drilling to depths of up to 1,000 metres with NQ2 core.


The area has an extensive infrastructure of road access, therefore, no new roads will be required. Numerous past historical activities have taken place within the proposed work area including trenching, diamond drilling and limited mining activity by tunneling from surface adits. Most of the property is free from snow beginning in April until November, and the road access infrastructure allows for year round drilling at lower elevations.


Ian M. Berzins, President and CEO, Braveheart Resources commented, "We are pleased to receive the MYAB permit and begin our 2019 drilling program at the Bull River property. We have some very prospective targets based on the historical work done in the area by previous owners and our infrastructure affords us excellent access to our planned drill locations."


In addition, the Company announces the granting of up to 6,300,000 options at a strike price of $0.16 and an expiry date of five years to officers, directors, employees and consultants of the Company.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as President, CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information


Braveheart Resources Inc.
Ian Berzins, P.Eng.
President and Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45358


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8020Admin

10 days

8020Admin posted a press release Braveheart Further Restructures Management Team in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - June 3, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has completed further restructuring of the management team.


Mr. Doug Porter, CFO of the Company, will step down in his capacity as CFO. Mr. Dwayne Vinck will assume the role of CFO effective immediately. As the company transitions from an exploration and development to producing company, the demands on financial support will increase significantly. These changes have been implemented in order to prepare the Company for its evolution to producing status.


Dwayne Vinck is an independent financial consultant, based in Calgary Alberta. He is a Chartered Professional Accountant with over 30 years of business experience including public accounting and financial reporting, directorships, executive leadership, change management, project leadership and mergers and acquisition. He operates a public accounting services firm, is Board Chairman of Sulphur Recovery Engineering, CFO and former Director of West High Yield Resources Ltd. (TSXV: WHY) and currently a volunteer Treasurer and National Director of Kids Help Phone. He graduated from University of Manitoba with a Bachelor of Commerce (Honours) and is a member of the Chartered Professional Accountants of Alberta and the Institute of Corporate Directors.


Ian M. Berzins, President and CEO of Braveheart commented, "I want to thank Doug for his contributions to Braveheart during the last year. In his tenure Doug provided stability in financial reporting. Our transformational acquisition of Purcell Basin Minerals came together seamlessly, and I thank Doug for his support in that team effort. I also welcome Dwayne to the Company. We are confident that he can provide us with the required support for the Company as we embark on the next phase of our journey".


Dwayne Vinck commented "I am pleased to join Braveheart Resources at this time in their evolution. Braveheart has some advanced stage mining projects and an experienced management team. I look forward to helping the team as we become an operating mining company".


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information


Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45236

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8020Admin

10 days

8020Admin posted a press release Braveheart Restructures Management Team in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - May 13, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") hereby announces that it has implemented a planned restructuring of the management team.


Under the restructuring Phil Keele, President and Director of the Company, will step down as President but will remain as a Director of the Company. Ian Berzins, CEO and Director will assume the responsibilities of President in addition to his role as CEO and Director. Jim Decker, Vice President Investor Relations, will step down from his role and investor communications will be assumed by Beverly Brooks with Brooks Communications on a contract basis. These changes were implemented to provide for a more stream-lined management structure and to improve communication with our investors.


David W. Johnston, Chairman of Braveheart commented, "I want to thank Phil for his commitment and dedication to Braveheart. During his tenure Phil was instrumental in improving the asset base for Braveheart, bringing in new shareholders to the Company and working with Ian to complete a complex business transaction with the acquisition of Purcell Basin Minerals Inc. This acquisition is transformational for the Company. I am pleased to report that Phil will stay on as a Director of the Company. I also want to recognize Jim Decker for his contributions as a founder and for his development of our shareholder base. Jim was also very influential in recruiting seasoned mining executives to Braveheart as Officers and Directors".


Phil Keele, President of Braveheart commented, "this transition has been planned for some time and I am confident that Ian will be able to move the company forward with an expectation of free cash flow in the foreseeable future, based on his knowledge and experience with capital markets and as a mine builder of underground mining operations. I am pleased to work with Ian and the entire Board to maximize shareholder value".


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44738

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8020Admin

10 days

8020Admin posted a press release Braveheart Completes Implementation of Plan of Arrangement in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - May 8, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has completed implementation of the previously announced acquisition of Purcell Basin Minerals Inc. ("Purcell") pursuant to a Plan of Arrangement ("Plan") and made pursuant to the Companies' Creditors Arrangement Act ("CCAA").


Under the Plan, Braveheart made an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart. Purcell shareholders were given an offer to acquire up to 16.5 million units ("Units") of Braveheart. Each Unit is comprised of one common share of Braveheart and one warrant, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Each Purcell shareholder, regardless of how many Purcell shares were held by the shareholder, had to make a flat cash payment of $1,000 for all the Units purchased. Purcell shareholders were given a period of 90 days from completion of the acquisition on January 18, 2019 to exercise their option to acquire Braveheart shares. The option period has closed and 15,994,880 shares will be issued to 118 former shareholders of Purcell who elected to exercise the option.


Ian Berzins, CEO, Braveheart commented, "I am pleased to see that this final component of the Plan is complete. I welcome our new shareholders many of whom are intimately familiar with the physical assets at the Bull River Mine and have visited the mine on multiple occasions. The addition of these new shareholders significantly increases our retail shareholder base."


The Company has initiated the process of amending the current Mine Permit to allow for increased mine throughput, onsite milling and permission to dispose of tailings. The Company is planning to utilize dry stack tailings deposition. This is one of the best available technologies for tailings disposal as it eliminates the need for pond and dam impoundment structures. Concurrent with the permit application the Company is sourcing several capital items to allow the mill to go back into operation including a surface transformer and flotation cells for the mill. Additionally, the Company has applied for a Multi Year Access Based Permit with the British Columbia Ministry of Energy, Mines & Petroleum Resources to allow for surface diamond drilling. The focus of the drilling program will be on the Rex and G Zones that are contained within the Company's contiguous land package of 10,285 hectares.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information


Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44672

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Appoints Gestur Kristjansson as Director in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - February 14, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has appointed Gestur Kristjansson as a Director of the Company.


Mr. Kristjansson holds a BA in Advanced Applied Economics from the University of Manitoba as well as a MBA from the University of British Columbia. Additionally, he is a chartered professional accountant (CPA, CA) and recently obtained his ICD.D designation from the Institute of Corporate Directors. Mr. Kristjansson has over 30 years of experience in accounting, financial management, corporate finance and mergers and acquisitions. He has participated in multiple equity and debt raises with over $400 million sourced. He previously held the role of Chief Financial Officer and VP Finance of a publicly listed Canadian gold mining company for a period of eight years during which he was also interim President and CEO. Mr. Kristjansson brings valuable experience to Braveheart as it transitions to a producing mining company. Mr. Kristjansson is a business owner/operator and resides in Winnipeg with his wife and two sons.


David W. Johnston, Chairman of the Board stated: "I am delighted to welcome Gestur Kristjansson to the Board during this transformational period for Braveheart. Gestur's appointment further strengthens the depth of our Board following the appointment of John Morgan in July 2018." As previously disclosed in the Company's website Mr. Morgan holds a BSc. in Geology from the University of British Columbia. He is a seasoned mining executive with over 40 years of experience with a strong technical and financial background both in public and private companies. Most recently Mr. Morgan retired as President, COO and Director of Atlantic Gold Corporation.


Ian Berzins, Chief Executive Officer, added, "I too want to welcome Gestur Kristjansson to the Board and look forward to working with him once again. The recent appointments of Mr. Kristjansson and Mr. Morgan as independent directors strengthens the depth of our Board as we move forward with the re-permitting of our newly acquired Bull River Mine near Cranbrook, British Columbia."


About Braveheart Resources Inc.


Braveheart Resources Inc. is a Canadian based junior exploration company focused on building shareholder value through exploration and development in the favorable and proven mining jurisdictions of the East and West Kootenays of British Columbia.


We seek Safe Harbour.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng., ICD.D
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42851

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Evaluating Potential for Cobaltite Recovery at Newly Acquired Gallowai Bul River Mine in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - January 28, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is evaluating the potential for recovery of cobaltite at its newly acquired Gallowai Bul River Mine ("Bul River") near Cranbrook, British Columbia. Mineralization at Bul River consists of pyrite, pyrrhotite, and chalcopyrite with minor local galena, sphalerite, arsenopyrite, cobaltite, and traces of tetrahedrite and native gold. There is no estimate of cobaltite in the current mineral resource.


In 2015 metallurgical work was carried out by ALS Metallurgy in Kamloops, British Columbia on 25 kg composite samples from underground and surface to test for copper and gold recovery through flotation. Both composites had copper head grade values of 1.27% Cu. For the surface composite approximately 95% of the copper and 92% of the gold was recovered to a copper concentrate grading about 26% copper and 24.1 g/t gold. For the underground composite approximately 90% of the copper and 60% of the gold was recovered to a concentrate grading 30% copper and 11.4 g/t gold. A multi-element analysis of the copper concentrates indicated cobalt recovery of 906 g/t and 964 g/t in the surface and underground composites respectively. Typically, smelters do not pay for cobalt that is captured with the copper concentrate while gold and silver credits will be paid.


As part of its due diligence on the acquisition of Purcell Basin Minerals in June 2018 Braveheart collected chip samples from the walls of the underground workings in areas where cobaltite was visibly present under the supervision of Ian Berzins, P.Eng. of Braveheart. Chain of custody was maintained by Braveheart and a 9 kg sample was shipped to SGS Mineral Services ("SGS") in Vancouver, British Columbia for analysis. The head analysis for the sample was 0.13% Cu, 1.4 g/t Ag, 0.09 g/t Au and 0.05% Co.


The purpose of the recent testing at SGS was to determine whether cobalt could be recovered to a pyrite concentrate through a secondary flotation process, thereby creating potential by-product credits. A bulk chalcopyrite flotation test was first conducted on the sample to produce a copper rich concentrate and tailings for cobaltite testing. Flotation testing was completed on the combined tailings of the rougher tailings and the 1st cleaner tailings to evaluate the floatability of cobaltite with pyrite. The head grade of the rougher and cleaner tailings was 0.04% cobalt indicating that approximately 80% of the cobaltite was reporting to tailings. Flotation testing produced a cleaner concentrate with a recovery of 74.8% cobalt at a grade of 0.66% Co.


The initial test work indicates that cobalt can be recovered to a pyrite concentrate but further test work is required to determine whether a pyrite concentrate can be produced with sufficiently high cobalt content to support cobalt extraction and purification. Further cobaltite testing will be conducted on mineralized material from the surface stockpile within the next two months to determine whether a separate cobaltite and pyrite flotation circuit is warranted as an addition to the current mill circuit design.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder value through exploration and development in the favorable and proven mining jurisdictions of the East and West Kootenays of British Columbia.


Qualified Person


Braveheart's disclosure of a technical or scientific nature has been reviewed and approved by Ian Berzins, P.Eng., Braveheart's CEO, who serves as a qualified person under the definition of National Instrument 43-101.


We seek Safe Harbour.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42489

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8020Admin

10 days

8020Admin posted a press release Braveheart Completes Acquisition of Purcell Basin Minerals Inc. in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - January 21, 2019) -  Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has completed the previously announced acquisition of Purcell Basin Minerals Inc. ("Purcell") pursuant to a Plan of Arrangement ("Plan") and made pursuant to the Companies' Creditors Arrangement Act ("CCAA").


Under the terms of the Plan, Braveheart settled all priority payables including the costs of the Court appointed Monitor under the CCAA proceedings, related legal expenses and the interim financing currently in place and being paid by the debtor in possession. The cash cost of the priority payables is $1,184,652.


Braveheart will issue shares and warrants to CuVeras LLC ("CuVeras") and its unit holders. Braveheart will also issue shares to unsecured creditors of Purcell and will make an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart.


The unit holders of CuVeras LLC ("CuVeras"), one of two secured creditors of Purcell, have been issued 10 million common shares of Braveheart and 10 million warrants of Braveheart, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Braveheart has purchased CuVeras' senior secured position for $6,000,000 in the form of a convertible debenture, which will mature three years from the date of issuance. The debenture will accrue annual interest of 0%, 1% and 2% respectively in the first, second and third year of the debenture. After two years, 40% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.40 per share. After three years, the remaining 60% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.50 per share. If the convertible debenture is fully converted into common shares of Braveheart, an aggregate of 13,200,000 common shares would be issuable to CuVeras.


Highlands Pacific LLC and Highlands Pacific Partners LP and related entities controlled by Brendan MacMillan ("MacMillan Group"), the second secured creditor of Purcell, has been paid $2,500,000 in exchange for releasing all claims against the assets of Purcell and all claims against CuVeras and those parties have settled all litigation between them.


Unsecured creditors of Purcell have received 30% of their claim value in common shares of Braveheart at a price of $0.10 per share based on a satisfactory proof of claim, resulting in the issuance of 4,276,248 common shares of Braveheart. An additional 2,422,101 common shares of Braveheart have been reserved for issuance for the settlement of claims of unsecured creditors which have not yet been finally determined, but as of today's date have not been allowed by the Court appointed Monitor.


The Purcell equityholders will be given an offer to acquire up to 16.5 million units ("Units") of Braveheart. Each Unit will be comprised of one common share of Braveheart and one warrant, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Each Purcell equityholder, regardless of how many Purcell shares held by such equityholder, will have to make a flat cash payment of $1,000 for all the Units purchased.


In order to finance the cash costs of the transaction, Braveheart has entered into a loan agreement with Matlock Farms Ltd., a company controlled by Aaron Matlock, a director of Braveheart. The loan has a principal amount of $5,000,000 and carries an interest rate of 14.8% for a term of four years. Interest will only accrue for the first two years, and commencing in the third year, Braveheart will be required to make blended payments comprised of principal and interest.


Due to the fact that Matlock Farms Ltd. is controlled by an insider and a related party of the Company, this transaction is considered a "related party transaction" as set out in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemption from the valuation requirements of MI 61-101 contained in section 5.5(a), and from minority approval requirements pursuant to section 5.7(f), due to the fact that the loan is on reasonable commercial terms that are not less advantageous to Braveheart than if the loan or credit facility were obtained from a person dealing at arm's length with Braveheart, and the loan is not convertible into equity securities of Braveheart.


The Company has completed a National Instrument 43-101 technical report in respect of the Gallowai Bul River Mine in the East Kootenays of southeast British Columbia. The report was completed by Moose Mountain Technical Services ("MMTS") on November 4th, 2018 and conforms to NI 43-101 Standards of Disclosure for Mineral Projects.


The report by MMTS estimates mineral resources in the indicated and inferred categories as outlined in Tables 1.1 and 1.2. The tables summarize indicated and inferred resources over a range of copper equivalent ("CuEq") cut-offs. Based on a 0.6% CuEq cut-off the estimated indicated mineral resource is 2.179 million tonnes at a grade of 1.809% CuEq. Based on a 0.6% CuEq cut-off the estimated inferred mineral resource is 0.513 million tonnes at a grade of 1.503% CuEq. The base case for potential underground mining of the deposit is highlighted in the resource tables.


Read more here:  https://www.quotemedia.com/portal/quote?qm_symbol=BHT%3ACC&qmodStoryID=8556650238832669 

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of $1,564,000 Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - December 28, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a non-brokered private placement financing of flow-through units and units for gross proceeds of $1,564,000. The Company issued 12,690,000 units at an issue price of $0.10 per unit, which are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The Company also issued 2,950,000 flow-through units at an issue price of $0.10 per unit and are comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The Company paid finders fees totalling $18,000 and issued 180,000 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.10 per share for a period of 24 months.


The proceeds of the financing will be used to fund the Company's recently announced proposed acquisition of Purcell Basin Minerals Inc., advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder value through exploration and development in the favorable and proven mining jurisdictions of the East and West Kootenays of British Columbia.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - November 30, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") intends to complete a non-brokered private placement financing of flow-through units and units for gross proceeds of up to $2,500,000. The units will have an issue price of $0.10 per unit and be comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units will have an issue price of $0.10 per unit and be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to fund the Company's recently announced proposed acquisition of Purcell Basin Minerals Inc., advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
braveheartresources@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Signs Definitive Agreement to Acquire Purcell Basin Minerals Inc. in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - October 18, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has entered into a definitive agreement to acquire the shares of Purcell Basin Minerals Inc. ("Purcell") pursuant to a Plan of Arrangement ("Plan") and made pursuant to the Companies' Creditors Arrangement Act ("CCAA"). This is an arms length transaction. The Plan was finalized and signed on October 11, 2018 and remains subject to approval by the creditors of Purcell and by the Supreme Court of British Columbia ("Court"). Braveheart expects all necessary approvals will have been obtained by November 19, 2018.


Under the terms of the Plan, Braveheart will settle all priority payables including the costs of the Court appointed Monitor under the CCAA proceedings, related legal expenses and the interim financing currently in place and being paid by the debtor in possession. The cash cost of the priority payables is not expected to exceed $1,500,000.


In addition to cash, Braveheart will issue shares and warrants to CuVeras LLC ("CuVeras") and its unit holders. CuVeras is one of two secured creditors of Purcell. Braveheart will also issue shares to unsecured creditors of Purcell and will make an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart.


Unit holders of CuVeras will be entitled to receive 10 million shares of Braveheart plus 10 million warrants with each warrant entitling the holder to purchase a further share at a price of $0.15 per share for a period of 12 months. Braveheart will purchase CuVeras' senior secured position for $6,000,000 in the form of a convertible debenture, which will mature three years from the date of issuance. The debenture will accrue annual interest of 0%, 1% and 2% respectively in the first, second and third year of the debenture. After two years, 40% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.40 per share. After three years, the remaining 60% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.50 per share. If the convertible debenture is fully converted into common shares of Braveheart, an aggregate of 13,200,000 common shares would be issuable to CuVeras.


Highlands Pacific LLC and Highlands Pacific Partners LP and related entities controlled by Brendan MacMillan ("MacMillan Group"), the second secured creditor of Purcell, will receive $2,500,000, payable on closing. MacMillan Group will release all claims against the assets of Purcell and all claims against CuVeras and those parties will settle all litigation between them. Should MacMillan Group not be paid in full on closing, MacMillan Group will receive a secured promissory note (the "Note") for the outstanding balance. The Note will be interest-free for 90 days and will accrue interest at a rate of 12% per annum thereafter. The Note will be fully secured by the assets of Purcell and the MacMillan Group can demand repayment 90 days after closing.


Unsecured creditors of Purcell will be entitled to receive 30% of their claim value in shares of Braveheart at a price of $0.10 per share based on a satisfactory proof of claim. Braveheart estimates that the cost of the settlement of proven claims, after compromise, will be about $390,000. If all of the claims are proven, an aggregate of approximately 3,900,000 common shares of Braveheart would be issued to unsecured creditors of Purcell.


Within 90 days after the Plan is approved by the Court, the Purcell equityholders will be given an offer to acquire up to 16.5 million units ("Units") of Braveheart, based on a ratio of 5 Braveheart Units for each issued and outstanding Purcell share. Each Unit will be comprised of one common share of Braveheart and one warrant, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Each Purcell equityholder, regardless of how many Purcell shares held by such equityholder, will have to make a flat cash payment of $1,000 for all the Units purchased.


Ian Berzins, CEO and Director for Braveheart commented, "We are very pleased with the opportunity to acquire Purcell's Gallowai Bul River Mine. Upon completion of this acquisition we intend to renew the permitting process wherein we will be seeking an amendment to the current mine permit to allow for tailings deposition on surface and in the underground and for an increase in the mill throughput rate to optimize the current mill infrastructure."


Completion of the Purcell acquisition remains subject to the approval of the TSX Venture Exchange.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder value through aggressive exploration in the West Kootenays of southeast British Columbia, a favourable and proven mining jurisdiction. Braveheart's main asset is the past-producing Alpine gold mine near Nelson, British Columbia. In January 2018 Braveheart announced a NI 43-101 resource report for the Alpine mine which was prepared by Gary Giroux, P.Eng. Based on a cut-off grade of 5 g/t Au the Alpine mine has an estimated inferred resource of 268,000 tonnes at an average grade of 16.5 g/t Au, representing 142,000 ounces of gold.


About Purcell Basin Minerals Inc.


Purcell is a private mining company whose primary asset is the 100% owned Gallowai Bul River Mine in the East Kootenays of southeast British Columbia approximately 30 kilometres from Cranbrook. The mine site is a past producer of copper, gold and silver and currently is on care and maintenance. The property hosts the historic Dalton Mine which operated between 1971 and 1974. During that period 471,900 tonnes of mineralized material was milled resulting in the recovery of 126,123 grams (4,055 ounces) of gold, 6,353,628 grams (204,274 ounces) of silver and 7,256,050 kilograms (16.0 million lbs) of copper (BC MINFILE).


In July 2010 the British Columbia Securities Commission ("BCSC") issued Order 2010 BCSECCOM 607 ("the Order") requiring Ross Stanfield, Bul River Mineral Corporation and Gallowai Metal Mining Corporation ("the Respondent Corporations") to disseminate a technical report, fully compliant with National Instrument 43-101 (NI 43-101) and prepared by Scott Wilson RPA, to all existing and future security holders of the Respondent Corporations. In April 2012 the Order was complied with by the Respondent Corporations and in June 2012 the undertakings of the Order were no longer in effect.


In December 2012 Snowden Mining Industry Consultants ("Snowden") completed an updated NI 43-101 technical report that outlined an indicated mineral resource of 1,730,000 tonnes at a grade of 1.8% CuEq and an inferred mineral resource of 1,430,000 tonnes at a grade of 1.7% CuEq. Upon completion of this acquisition Braveheart will contract an independent consulting firm to review the Snowden report and prepare a mineral resource estimate in accordance with NI 43-101 and Form 43-101F1 under the Company's name. Braveheart commits to file a technical report within 45 days of the announcement on the System for Electronic Document Analysis and Retrieval ("SEDAR").


The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
iberzins@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.


Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - August 15, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") intends to complete a non-brokered private placement financing of flow-through units and units for gross proceeds of up to $1,000,000. The units will have an issue price of $0.10 per unit and be comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units will have an issue price of $0.10 per unit and be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).


Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
iberzins@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Announces Mineralized Material Sorting Test Results from its Alpine Mine Property Near Nelson, BC in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - August 13, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") Mr. Ian Berzins, CEO, Braveheart Resources Inc. reports:


Braveheart has released positive mineralized material sorting test results from quartz bearing vein material at the Alpine Mine gold project near Nelson, British Columbia. Testing was carried out by STEINERT US INC. (STEINERT) at their facilities in Walton, Kentucky using their multisensory sorting system (KSS). Aaron Matlock, Braveheart's Chief Operating Officer, was in attendance during the test. Samples tested included 72 kg of run of mine (ROM) material and 128 kg of a composite sample for a total of 200 kg. Samples were shipped to SGS Laboratories, an ISO 17025 accredited laboratory in Lakefield, Ontario for preparation and analysis.


The purpose of the testing was to determine whether the STEINERT ore sorting system and methodology can be used to up-grade mineralized material originating from the Alpine Mine project prior to trucking and processing. The STEINERT machine incorporates a combination of X-ray transmission sensors (XRT) and laser sensor technology. The X-ray transmission targets the atomic density of the material and measures the X-ray attenuation of each particle which has a direct correlation on the mineral composition of the rock. This allows higher density material to be separated from lower density material. The former contains more of the mineralized rock and the latter is separated as low-grade or waste. The laser sensor targets the shape and brightness of a particle.


In preparation for testing of the ROM and composite samples the -10mm fines were removed by screening. The ROM and composite test samples ranged in size from -50mm to +10mm in size. During testing the ROM material was up-graded from a feed grade of 14.7 g/t Au to 20.3 g/t Au with 92.8% gold recovery and 32.7% waste rejection. The composite material was up-graded from a feed grade of 25.4 g/t Au to 43.2 g/t Au with 81.3% recovery and 52.1% waste rejection.


Ian Berzins, Braveheart's Chief Executive Officer, commented: "The test results are very encouraging and indicative that STEINERT sorting of mineralized material at the Alpine Mine could be an important component of Braveheart's overall beneficiation process. Historical records from the BC Ministry of Mines and Energy indicated that the Alpine Mine achieved a plant feed grade of approximately 22 g/t Au using some hand sorting of mineralized material. The current NI 43-101 resource for the Alpine Mine project is 268,000 tonnes at a grade of 16.5 g/t Au based on 5 g/t Au cut-off grade. Ore sorting at the mine site has the potential of up-grading the mineralized material to historical levels using this technology. Braveheart is currently investigating several options for custom milling of Alpine Mine mineralized material in reasonable proximity to the mine. By up-grading the value of the ore at the mine trucking and processing costs can be significantly reduced on a unit basis".


Meanwhile, Braveheart is about to embark on its 2018 exploration program at the Alpine Mine project which is scheduled to commence in mid-August. The program consists of a helicopter-assisted diamond drilling program of approximately 1,600m and is intended to increase the overall size of the resource and convert some of the resource from inferred to either measured or indicated categories. Surface exploration including mapping and sampling of potential targets on the property will be carried out simultaneously.


About Braveheart Resources Inc.


Braveheart is a Canadian-based junior exploration company focused on building wealth through exploration in a favourable and proven mining jurisdiction - - the West Kootenays in southeast British Columbia (silver and gold).


Qualified Person


Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Ian Berzins, P.Eng., Braveheart's CEO who serves as a qualified person under the definition of National Instrument 43-101.


Contact Information


Braveheart Resources Inc.
Ian Berzins, CEO
Chief Executive Officer
403-512-8202
iberzins@shaw.ca
Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - August 3, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces the completion of the previously announced non-brokered private placement financing. The Company issued 2,535,000 units for gross proceeds of $253,500. The units have an issue price of $0.10 per unit and are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).


Contact
Braveheart Resources Inc
David W. Johnston
President
403-701-2781
davidwjohnston@shaw.ca


Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Calgary, Alberta--(Newsfile Corp. - July 18, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") intends to complete a non-brokered private placement financing of flow-through units and units for gross proceeds of up to $1,500,000. The units will have an issue price of $0.10 per unit and be comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units will have an issue price of $0.10 per unit and be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


About Braveheart Resources Inc.


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).


Contacts
Braveheart Resources Inc.
David W. Johnston
Chairman
403-701-2781
davidwjohnston@shaw.ca


Phil Keele
President
780-215-4044
pkeele@shaw.ca


Ian Berzins
CEO
403-512-8202
iberzins@shaw.ca


Website: www.braveheartresourcesinc.com


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Appoints Ian Berzins as Chief Executive Officer and Doug Porter as Chief Financial Officer in BRAVEHEART RESOURCES INC.


TORONTO, May 03, 2018 (GLOBE NEWSWIRE) -- Braveheart Resources Inc. (TSX Venture:BHT) ("Braveheart" or the "Company") is pleased to announce that it has appointed Ian Berzins to the position of Chief Executive Officer and Doug Porter to the position of Chief Financial Officer, replacing Alex Falconer who has left the Company. Mr. Berzins will also join the Company's Board of Directors. Braveheart believes that both gentlemen bring valuable expertise to the Company’s operations as it moves forward to explore and develop its Alpine Mine property (“the Property”) near Nelson in southeastern British Columbia.


Mr. Berzins holds a B.Sc. in Mining Engineering from Queen’s University in Kingston, Ontario and is a registered Professional Engineer in Alberta and British Columbia.  He has more than 35 years of experience in all facets of the mining industry including engineering, operations, maintenance, human resources and senior management.  Most recently Mr. Berzins was Vice President and GM at the Mount Milligan copper-gold mine in BC. He previously held the positions of President, CEO and COO at the Rice Lake underground gold mine in Manitoba.  Mr. Berzins is a strong advocate for First Nations and local community participation in mineral exploration and mining. Of particular note is the fact of his having managed three complex underground gold mines in Canada including the Con Mine, Lupin Mine and Rice Lake Mine.


Mr. Porter has a wide range of experience in mining finance both in Canada and internationally, including gold, minerals, coal and oil sands. He holds a Bachelor of Commerce degree from the University of Calgary, Alberta and is a Chartered Accountant as well as a Chartered Business Valuator. Since 1997 Mr. Porter has been the Managing Director of Porter Valuations Inc., a specialty business firm providing valuations and financing consulting services. He also holds the position of CFO for two other junior mining companies and a privately held mineral explorer located in Colombia. He is on the Board of Directors for the private company and one of the public companies.


David Johnston, Chairman of the Board, stated “These men have a wealth of experience as mine builders and operators.  They are joining Braveheart at a critical juncture in time as we unlock the vast potential of the past producing Alpine gold mine”.  Phil Keele, President added “I look forward to working closely with Ian and Doug and welcome their appointments as we broaden and strengthen the depth of our management team and better prepare for the advancement of our Alpine property".


The 2,177-hectare Property is approximately 20 km northeast of Nelson within which is the Alpine Mine, a former operating underground mine with a recorded production of approximately 17,000 tonnes between 1938 and 1948. This material contained approximately 11,500 oz of gold, 7,200 oz of silver, 49 tonnes of lead and 17 tonnes of zinc. The source of this information is from the following report:  "Little, H.W., (1960): Nelson map-area, west-half, British Columbia Nelson map-area, west half, British Columbia; Geological Survey of Canada, Memoir 308". This excerpt was included in a report prepared for the previous owner of the property by Bernhardt Augsten, P.Geo. a Qualified Person under the definition of National Instrument 43-101.


Braveheart carried out a comprehensive exploration program on the Alpine Mine property in 2017. The program included helicopter assisted diamond drilling, road rehabilitation, prospecting, sampling of old mine workings and dumps to corroborate technical information from work done on the Property by previous owners. A total of 11 holes were completed totaling close to 1,600m. The results from the 2017 program were combined with previous historical data and a National Instrument 43-101 Technical Report was published outlining an Inferred Resource of 142,000 oz of gold averaging 16.5 g/t Au using a cut-off grade of 5 g/t. The NI 43-101 resource report was announced on January 22, 2018 and the Company filed the complete report on SEDAR on March 8, 2018. 


The Company has an ambitious program for 2018 and has submitted an application for an extensive work program for the Alpine Mine property that includes 3,500m of diamond drilling, access road upgrades, general surface exploration and background data collection for environmental study purposes. A Preliminary Economic Analysis (PEA) is currently being developed with completion anticipated early in Q3, 2018.


About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has 43,751,106 common shares issued and outstanding.


Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a consultant to Braveheart who serves as a qualified person under the definition of National Instrument 43-101.


Contact
Phil Keele, P.Eng,. President and Director
780-215-4044
pkeele@shaw.ca


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.


All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.


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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Closing of Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - February 28, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces that it has closed a unit financing for $75,000. The units had an issue price of $0.10 per unit and are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four-month hold period.


For more information on Braveheart Resources Inc. including photos please visit our website at www.braveheartresourcesinc.com.


About Braveheart Resources Inc.

Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has approximately 43.5 common shares issued and outstanding.


Contact Phil Keele, P.Eng,. President and CEO 780-215-4044 or pkeele@shaw.ca


Caution Regarding Forward-Looking Information


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release

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8020Admin

10 days

8020Admin posted a press release Braveheart Announces a Resource Estimate for Alpine Mine Property near Nelson, BC in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - January 22, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has received a National Instrument 43-101 ("NI 43-101") resource report for its flagship Alpine Mine property located ~20 km from Nelson, BC. The report was prepared by Gary Giroux, P.Eng. who fulfills the requirements of a "Qualified Person" as defined in NI 43-101. Mr. Giroux has been providing service to the exploration and mining industry since 1970. For the past 41 years he has been involved in Geostatistical Resource/Reserve Studies for both Major and Junior Mining Companies on a wide range of Deposit Types.


The report has an effective date of January 22, 2018 and the Company intends to file the complete report on SEDAR on or before March 8, 2018.


An Inferred Resource of 268,000 tonnes has been estimated. Using a cut-off grade of 5.0 g/t Au and an average grade of 16.52 g/t Au, this represents an inferred resource of 142,000 oz of gold. Table 1 below provides a range of values using different cut-off grades.


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=BHT%3ACC&qmodStoryID=5817578441703905 

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - January 17, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces that further to the press release of January 15, 2018, the Company has amended the terms of the unit offering such that the units will now include a full warrant. The units have an issue price of $0.10 per unit and are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units have an issue price of $0.10 per flow-through unit and are comprised of one flow-through common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


For more information on Braveheart Resources Inc. including photos please visit our website at www.braveheartresourcesinc.com


About Braveheart Resources Inc. Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has 42,801,105 common shares issued and outstanding.


Contact Phil Keele, P.Eng,. President and CEO 780-215-4044 or pkeele@shaw.ca


Caution Regarding Forward-Looking Information This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Announces Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - January 15, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces that further to the press release of December 29, 2017, the Company intends to complete additional closing(s) of the private placement. The units have an issue price of $0.10 per unit and are comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months. The flow-through units have an issue price of $0.10 per flow-through unit and are comprised of one flow-through common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


For more information on Braveheart Resources Inc. including photos please visit our website at www.braveheartresourcesinc.com.


About Braveheart Resources Inc. Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has 42,801,105 common shares issued and outstanding.


Contact Phil Keele, P.Eng,. President and CEO 780-215-4044 or pkeele@shaw.ca


Caution Regarding Forward-Looking Information This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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8020Admin

10 days

8020Admin posted a press release Braveheart Resources Inc. Closes Financing in BRAVEHEART RESOURCES INC.

Toronto, Ontario--(Newsfile Corp. - January 2, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a non-brokered private placement financing of 1,286,600 flow-through units at $0.10 per flow-through unit for gross proceeds of $128,660. The flow-through units are comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 months.


As part of the closing of the financing, the Company paid finders fees of $10,292.80 and issued 102,928 finders warrants, with each finders warrant exercisable into a common share of the Company at a price of $0.10 per share for 24 months.


The proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.


All securities issued pursuant to the financing will be subject to a four month hold period.


For more information on Braveheart Resources Inc. including photos please visit our website at www.braveheartresourcesinc.com.


About Braveheart Resources Inc. 


Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has 42,801,105 common shares issued and outstanding.


Contact Phil Keele, P.Eng,. President and CEO 780-215-4044 or pkeele@shaw.ca


Caution Regarding Forward-Looking Information 


This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


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 of this news release.

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