Energizer is sitting on the proverbial mother lode. It's 100% owned and operated Molo project in Madagascar is one of the largest, most advanced, high-quality flake graphite deposits in the world.

Toronto, ON -- (SBWIRE) -- 09/11/2014 -- Tesla's New Giga-Plant Will Double the World's Demand for Flake Graphite and Energizer Resources Inc. (OTCQX: ENZR) May Just Be Sitting on the Mother Lode.

Tesla Motors Inc. (TSLA ) has announced their intentions to build a $6 billion dollar lithium-ion battery factory in Nevada capable of producing enough batteries to power 500,000 vehicles every year. According to industry sources, every electric car requires about 100 lbs. of natural flake graphite. With 11 times more graphite in a lithium-ion battery than lithium, electric vehicles represent a significant future off-take demand for flake graphite.

Tesla alone will require six new mines - double the global demand

The Tesla Giga-Plant, at full operation, will require the equivalent of six new, full-scale graphite mines and would consume the entire amount of flake graphite used today for batteries globally.. This represents a doubling of the world's demand for flake graphite for batteries. Presently, the U.S. does not have any producing graphite mines and imports 100% of its graphite and just last year, the U.S., the United Kingdom and the European Union designated graphite as a critical mineral. It's easy to understand why.

Not all graphite is the same

Graphite comes in basically two forms, powder (amorphous) and flake. Powder is the plentiful and cheap form used in pencils, lubricants, and brake pads. Flake graphite is the scarcer form, it commands the highest selling price and is the only form of graphite that can be used in all 180-plus applications we use on a daily basis that depend upon graphite. Flake graphite is the only form of natural graphite that can be used lithium-ion batteries and is used exclusively in new tech applications such as graphite foils, which are used in almost every consumer electronics product you own to cool your electronics. Flake graphite is the requisite mineral behind nearly all advancements in new innovations and nano-technologies. Flake graphite in its single-layer form is the 'wonder-product' graphene, and is the key raw material used in large-scale energy storage systems and pebble-bed nuclear reactors.

In addition to the graphite used in every lithium-ion battery, portable electronics increasingly rely on graphite to cool components and dissipate heat. Very thin sheets of graphite foil, made exclusively from natural graphite flake, line the insides of electronics and act as both a sealant and a heat sink for all laptop computers, tablets, flat panel televisions, solar panel arrays, cellular phones and smartphones. Graphite foil is one of the fastest growing end-use segments for flake graphite.

Where will we get all that graphite?

Enter Energizer Resources' Molo Graphite project - a world-class flake graphite deposit that you have probably never heard of. Energizer Resources Inc. OTCQX: ENZR, is sitting on the proverbial mother lode. It's 100% owned and operated Molo project in Madagascar is one of the largest, most advanced, high-quality flake graphite deposits in the world. Energizer is just weeks away from releasing a bankable feasibility study on the project and is well positioned to have a first-mover advantage in being major supplier of high quality flake graphite to the world.. Energizer is already at the stage where it has entered into advanced discussions regarding off-take and project investment agreements with over 20 of the world's largest flake graphite buyers and end-users in the refractory, lithium-ion battery and consumer electronics industries. Next steps consist of multi-national companies running full-scale, multi-tonne production runs of graphite-based end products using Energizer's graphite. Pending successful test runs, Energizer would be able to secure a "preferred supplier" status for flake graphite with these potential customers.

The Molo

The Molo 100% flake and it is massive. The NI 43-101 resource of 141 million tones has a mine life of over 130 years and its expandability is virtually limitless. The Molo alone represents less than 1% of the total graphite confirmed on Energizer's property. The graphite at the Molo deposit sits immediately at surface, which means very low-cost, open pit mining with no stripping waste. Energizer has partnered with DRA , Africa's largest mine builder and operator, which ensures a turn-key solution when it comes to construction and operation of the future mine. This provides added confidence for both investors and future customers for the timeline of the mine. . The Molo has passed government environmental permitting, and is within easy trucking to two major sea ports serving transportation corridors to the world's highest graphite demand markets: Japan, China, India and South Korea. Production is targeted for mid-2016.

Market Response

Powerhouse Institutions on both Wall Street and Bay Street have now started to pay attention to Energizer Resources Inc. OTCQX: ENZR. Notable investors are JP Morgan, Canada's largest resource investment bank, Dundee Resources, , and mutual fund giant AGF Group. Analysts covering ENZR with buy recommendation include well known Canadian and European institutions GMP Securities and Stormcrow Capital Ltd.

Profitability

Based upon early and robust economic studies, the sheer size and quality of the deposit, as well as manufacture demand for this specific type of high-quality flake graphite, Energizer expects their investor's payback periods to be only three years with very healthy margins. The Molo is easily expandable and can meet market demand as required.

The stars are aligning for Energizer to supply one of the most innovative materials of our time - applicable in everything from electric vehicles to energy storage to safe nuclear applications. Given everything we now know about graphite and its rising status in the world of strategic minerals, Energizer's Molo Graphite Project represents one vital source of supply and is shaping up to be an undeniable opportunity for investors.

To learn more about Energizer and its Molo Graphite Project, visit Energizer Resources (OTCQZ:ENZR) at http://www.energizerresources.com or call 1.416.364.4911

About Energizer Resources
Energizer Resources is a mineral exploration and mine development company based in Toronto, Canada, that is developing its 100%-owned, flagship Molo Graphite Project in southern Madagascar.

The Molo Graphite Project is one of the largest known crystalline flake graphite deposits in the world. The Molo Project hosts a NI 43-101 compliant indicated mineral resource of 84.04 million tonnes grading 6.36%C and an inferred resource grading 6.29% C of crystalline flake graphite.

Energizer has initiated a Full Feasibility Study, with results to be released to the market by Q4 2014. Results of the Company's recently completed pilot plant operation confirmed that 43.5% of the Molo deposit is classified as the premium-priced large and extra-large flake, with an average purity level in excess of 97%C achieved through standard flotation alone. The Company is targeting production in Q2/Q3 of 2016.

Energizer's total land package in southern Madagascar encompasses approximately 320 kilometres (198 miles) of continuous graphitic trends, where all graphite mineralization is immediately at surface.

In addition to the Molo Graphite Project, Energizer has also identified through drilling, trenching and geological mapping at least six other zones that could be potential stand-alone graphite deposits.

Safe Harbor:
This press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

The National Instrument 43-101 ("NI 43-101") compliant technical report, titled "Molo Graphite Project Fotadrevo Province of Toliara, Madagascar Preliminary Economic Assessment Technical Report Update and dated April 12, 2013, was prepared by DRA Mineral Projects Pty Ltd and authored by John Hancox, Pri.Sc.Nat, Desmond Subramani, Pri.Sc.Nat, Dave Thompson and Glenn Bezuidenhout, all Qualified Persons as defined by NI 43-101, and independent of Energizer Resources for the purposes of NI 43-101 requirements. The Technical Report is available on SEDAR at http://www.sedar.com and on the Company's website at http://www.energizerresources.com

The above resource estimates were calculated in accordance with NI 43-101 as required by Canadian securities regulatory authorities. For United States reporting purposes, Industry Guide 7 (under the Securities Exchange Act of 1934), as interpreted by the Staff of the SEC, applies different standards in order to classify mineralization as a reserve. Among other things, the terms "measured", "indicated" and "inferred" mineral resources are required pursuant to National Instrument 43-101, the U.S. Securities and Exchange Commission does not recognize such terms. Canadian standards differ significantly from the requirements of the U.S. Securities and Exchange Commission, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the U.S. Securities and Exchange Commission.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. The mineral resource estimates in this press release include inferred resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that the inferred mineral resource will be converted to the measured and indicated mineral resource categories through further drilling, or into a mineral reserve once economic considerations are applied.U.S. investors should understand that "inferred" mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. In addition, investors are cautioned not to assume that any part or all of the Company's mineral resources constitute or will be converted into reserves. Cautionary Statement: Neither TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.

UPTICK Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Energizer Resources, Inc. received a "BUY" recommendation from two prominent Canadian investment institutions

Toronto, ON -- (SBWIRE) -- 08/25/2014 -- Energizer Resources, Inc. (OTCQX: ENZR, TSX: EGZ), has received a "BUY" recommendation from two prominent Canadian investment institutions. The first was on June 9, 2014 from investment bank, GMP Securities L.P. The second "BUY" recommendation was issued on August 25, 2014 by Stormcrow Capital Ltd. Both reports can be accessed here: Stormcrow Capital, GMP Securities

The importance of graphite and how crucial the commodity is to industry was outlined in the coverage released by UPTICK Newswire on August 18, 2014 (Energizer Resources Well-Positioned To Be Major Supplier of a Critical Material In Short Supply).

In a short summary, graphite has over 200 essential applications, with "flake" being the most coveted form of graphite that buyers and producers look for in order to produce lithium ion batteries for mobile applications and electric cars, fuel cells, flat-panel televisions, solar panels , and consumer electronic components to only name a few applications. Moreover, Graphite is not only a critical resource but is also vital in manufacturing steel. Currently the manufacturing of steel consumes approximately 50% of the global production for graphite.

The importance of this critical commodity, coupled with surging worldwide demand and constrained supplies is still not fully evident to the general public. As mentioned earlier, steel alone will increase annual graphite demand from 1.1 million to 1.5 million metric tons by the year 2020, this reflects a growth potential of almost 50%.

The analyst equity reports issued by GMP Securities and Stomcrow Capital represent the lucrative market position Energizer has gained in its flagship "Molo Flake Graphite Project". In addition to it being ranked as one of the largest all-flake graphite deposits in the world, verified using the highest mining standards under the Canadian government, the "National Instrument 43-101", this undervalued project located in southern Madagascar, retains more than 200 miles of continuous graphite mineralization. The sheer size of the project ensures that Energizer can easily expand its graphite resource as market demand requires and be a significant barrier to entry to other competing projects. It is predicted that by 2020, 6 brand new flake graphite mines will be needed just to meet the demand for electric vehicles alone, and Energizer's Molo deposit is capable of fulfilling that entire demand. Energizer has completely de-risked the project from a metallurgy standpoint by already having its graphite successfully tested by leading battery and consumer electronics manufacturers. The Company is now engaged in securing long-term off take contracts and securing mine financing with global purchasers and manufacturers of graphite based products.

In February of 2013 Energizer Resources released a Preliminary Economic Assessment Study of the Molo Project, verifying to the market it has the potential to be a very profitable and low cost producer. Based on the Study's robust results, Energizer initiated a Full Feasibility Study, which is the last stage required in respect to qualifying the Molo project for mine financing by chartered banks. The feasibility study is slated to be completed and released by the fourth quarter of 2014.

One of the unique advantages of the Molo Flake Graphite Project is its geographical location. Located in southern Madagascar, the Molo Graphite Project is ideally situated within the hub of the top purchasing and processing markets for graphite - Japan, South Korea, China and India.

U.S and Canada Identify Madagascar as 'Priority Growth Market'; Keen to Establish Trade

On June 26, U.S. President Obama reinstated Madagascar to the African Growth and Opportunity Act, or AGOA. This Act provides free-trade status and other tangible incentives to Madagascar. The benefits of the AGOA are of critical importance to Madagascar's economy, as it is predicted that the reinstatement could increase exports to the United States by as much as 70 percent and create thousands of local jobs.

The United States' decision to reinstate Madagascar's eligibility as a preferred trading partner is in recognition of the nation's return to democratic rule and of the potential importance of the country's vast mineral wealth.

Meanwhile, the Government of Canada has officially engaged Madagascar's new government to rebuild economic and strategic resource ties. Madagascar is identified as a priority market in the Canadian government's Global Markets Action Plan, with the two countries are eagerly working towards an agreement to prevent double taxation of corporations working in both regions in the mining, textile and agricultural industries.

A spokesperson from Canada's Department of Natural Resources said that two-way trade between Canada and Madagascar is "moderate", however Canadian investments in the mining sector in Madagascar are significant. Both Sheritt International's $8 billion Ambatovy Project and Energizer Resources' Molo Graphite Project were cited as the most notable mining operations in the country.

Several G8 countries view Madagascar as "strategic" in terms of its mineral wealth and geographic proximity to critical trade markets. It is no coincidence that the largest building in the entire country is the U.S. Embassy, followed by the Chinese and Russian Embassies.

The realization of "flake graphite" being a critical commodity has sparked enormous interest in domestic markets. Energizer Resources and its Molo project are well positioned to supply Flake graphite to traditional and rapidly growing markets while maintaining both high quality and purity, large-flake graphite that is in strong demand.

Energizer Resources a publicly traded company trades under (OTCQX: ENZR) and, closed on Aug. 22 at 0.13. The company is also on the Toronto Stock Exchange (TSX) under the symbol (EGZ).

For more information on Energizer Resources and its Molo Graphite Project, please visit www.energizerresources.com or call 416-364-4911

About Energizer Resources
Energizer Resources is a mineral exploration and mine development company based in Toronto, Canada, that is developing its 100%-owned, flagship Molo Graphite Project in southern Madagascar.

The Molo is one of the largest known all-flake graphite deposits in the world and hosts a NI 43-101 compliant Measured resource of 23.62 million tonnes (MT) grading 6.32% carbon (C), an Indicated resource of 76.75 MT grading 6.25% C and an Inferred resource of 40.91 MT at 5.78% C, for a combined total of 141.28 MT at 6.13%C.

Energizer is at the full feasibility stage, with the Study to be released by the fourth quarter of

2014. Results of the Company's recently completed pilot plant operation confirmed that 43.5% of the Molo deposit is classified as the premium-priced large and extra-large flake, with an average purity level in excess of 97%C achieved through standard flotation alone. The Company is targeting production in Q2/Q3 of 2016.

Energizer's total land package in southern Madagascar encompasses approximately 320 kilometres (198 miles) of continuous graphitic trends, where all graphite mineralization is immediately at surface.

In addition to the Molo Graphite Project, Energizer has also identified through drilling, trenching and geological mapping at least six other zones that could be potential stand-alone graphite deposits.

For more information on the Molo Graphite Project, please refer to the Company's technical report entitled "Molo Graphite Project, Fotadrevo, Province of Toliara, Madagascar, Preliminary Economic Assessment Technical Report Update" dated April 12, 2013 available under the Company's profile at www.sedar.com for a discussion in respect of certain key assumptions, parameters and methods in respect to the mineral resource disclosure, or our visit our website at http://www.energizerresources.com.

Safe Harbor: This release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

The National Instrument 43-101 ("NI 43-101") compliant technical report, titled "Molo Graphite Project Fotadrevo Province of Toliara, Madagascar Preliminary Economic Assessment Technical Report Update and dated April 12, 2013, was prepared by DRA Mineral Projects Pty Ltd and authored by John Hancox, Pri.Sc.Nat, Desmond Subramani, Pri.Sc.Nat, Dave Thompson and Glenn Bezuidenhout, all Qualified Persons as defined by NI 43-101, and independent of Energizer Resources for the purposes of NI 43-101 requirements.

The Technical Report is available on SEDAR at www.sedar.com and on the Company's website at www.energizerresources.com

The above resource estimates, or mention thereof, were calculated in accordance with NI 43-101 as required by Canadian securities regulatory authorities. For United States reporting purposes, Industry Guide 7 (under the Securities Exchange Act of 1934), as interpreted by the Staff of the SEC, applies different standards in order to classify mineralization as a reserve. Among other things, the terms "measured", "indicated" and "inferred" mineral resources are required pursuant to National Instrument 43-101, the U.S. Securities and Exchange Commission does not recognize such terms. Canadian standards differ significantly from the requirements of the U.S. Securities and Exchange Commission, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the U.S. Securities and Exchange Commission.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. The mineral resource estimates in this press release include inferred resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that the inferred mineral resource will be converted to the measured and indicated mineral resource categories through further drilling, or into a mineral reserve once economic considerations are applied. U.S. investors should understand that "inferred" mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. In addition, investors are cautioned not to assume that any part or all of the Company's mineral resources constitute or will be converted into reserves. Cautionary Statement: Neither TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

UPTICK Newswire discovers a world-class graphite project in Energizer Resources, Inc.

Toronto, ON -- (SBWIRE) -- 08/18/2014 -- UPTICK Newswire discovers a world-class graphite project in Energizer Resources, Inc. (OTCQX:ENZR, TSX:EGZ), a mine development and mineral exploration company based in Toronto, Canada, that is rapidly developing its flagship Molo Flake Graphite Project in southern Madagascar to mine production.

There are currently over 200 daily applications that depend upon flake graphite. Incremental demand will be created by a number of green initiatives, including lithium ion batteries, fuel cells, solar energy, semi-conductors, and nuclear energy. Industry analysts say many of these applications have the potential to consume more graphite than all current uses combined. In fact, the average electric car uses approximately 100 pounds of flake graphite per vehicle.

Flake graphite is the most coveted form of graphite because it can be used in any application and commands the most premium price. China, who produces over 75% of the world's graphite, is in urgent supply of flake graphite for their own domestic markets and this has created supply concerns for the rest of the world. With limited exploration and potential development projects on the horizon, Energizer Resources and its Molo project are well positioned to supply both traditional and rapidly growing high-tech and clean-tech markets with the high quality and high purity, large-flake graphite that is in strong demand.

The Molo project is monstrous in size, ranked as one of the largest flaked graphite deposits globally, and possesses almost unlimited expansion capability. The Molo deposit comes with the assurance of the highest mining standard issued from the Canadian government: NI43-101. In fact, Energizer Resources released an economically robust Preliminary Economic Assessment Study of the Molo site in February 2013, verifying to the market it has the potential to be a profitable and low cost producer. Based on this Study, Energizer has now initiated a Full Feasibility Study - the last stage required to qualify the project for mine financing by chartered banks. The feasibility study is on track to be completed and released to the market by the fourth quarter of 2014. Energizer also completed a pilot plant, sending multiple-ton samples of finished graphite concentrate for the purposes of evaluation to leading steel, lithium-ion battery and consumer electronics companies who repre sent the worl d's largest buyers of graphite.

All results to date by the evaluating companies have been extremely positive, confirming through 3rd-party validation that Energizer's graphite is of superior quality and meets all the criteria for the largest demand markets for graphite both today and in the future. As a result, Energizer now has a senior management team stationed in Asia to continue advanced meetings with several of these world-leading companies regarding off-take and strategic alliances in order to ensure a seamless process to market - with the bonus of their Project being relatively close to these key Asian customers: Japan, China, Korea and India.

Energizer Resources'current intuitional investors are impressive. JP Morgan, along with two of Canada's largest investment banks, Dundee Resources and Power Corporation's Investors Group, are its largest shareholders. Energizer has also partnered up with Africa's leading mine engineering and construction firm, DRA Global, who have already been contracted to build and operate the mine, providing Energizer with a de-risked and turn-key solution for mine operation.

To the general public, both graphite's surging demand and Energizer's Molo Graphite Project remain largely unrecognized. Many know that graphite is in pencils, and as widely recognized as this particular application may be, today it accounts for a small fraction of the worldwide graphite demand. It is the steel industry that accounts for over 50% of worldwide graphite demand, and this well-established industrial demand for graphite has been growing at approximately 5% throughout the current decade due to ongoing industrialization in China, India, and other emerging markets. Based on the steel market alone, annual graphite demand is expected to increase from 1.1 million metric tons to 1.5 million metric tons by the year 2020, which reflects a growth potential of almost 50%. But what has been causing industry analysts lately to call graphite "black gold" is its use in batteries. Now the second largest demand driver for graphite at approximately 26%, lithium-ion batterie s are poised to overtake the steel industry in the next 5 years as the top consumption market for flake graphite. Why? The answer is electric vehicles (EVs).

Few outside of the industry are aware of this fact; that a lithium-ion battery contains about 11 times more graphite than it does lithium. And it is this fact that has global buyers of graphite in a panic, and current producers of graphite in a frenzy when it comes to the potential demand for graphite from EVs. Every Tesla Model S has about 100 lbs of flake graphite in its battery. Tesla Motor Company's intent to produce the world's total lithium-ion production in one plant in the USA came closer to reality last month when it partnered with Panasonic to fund its "Gigafactory". At capacity, it would consume the entire amount of flake graphite used in the world today for batteries. This demand would requiresix brand new graphite mines to be brought online. And that's just for Tesla alone.

Energizer Resources' management team has consistently completed key project milestones as it progresses its Molo Project to mine development and is uniquely positioned to capitalize on both the current demand and future potential of graphite. While the Molo is one of the largest graphite deposits on the planet, it sits in less than 1 of over 200 miles of continuous graphite mineralization confirmed on Energizer's property in Madagascar. Energizers' Molo deposit has the size and economics to make it a significant barrier to entry in the graphite space, while being one of the most undervalued companies in the industry.

The stars are aligning for Energizer to supply one of the most innovative materials of our time - applicable in everything from EVs to energy storage to safe nuclear applications. The Molo Graphite Project represents one vital source of supply of a critical material and an undeniable opportunity for investors.

Energizer Resources trades on the OTCQX under the symbol "ENZR" and on the Toronto Stock Exchange (TSX) under the symbol "EGZ".

About Energizer Resources
Energizer Resources is an American-domiciled mineral exploration and mine development company based in Toronto, Canada, that is developing its 100%-owned, flagship Molo Graphite Project in southern Madagascar. The Molo Graphite Project is one of the largest known crystalline flake graphite deposits in the world. The Molo Project hosts a NI 43-101 compliant indicated mineral resource of 84.04 million metric tons grading 6.36%C and an inferred resource grading 6.29% C of crystalline flake graphite. Energizer has initiated a Full Feasibility Study, with results to be released to the market by Q4 2014. Results of the Company's recently completed pilot plant operation confirmed that 43.5% of the Molo deposit is classified as the premium-priced large and extra-large flake, with an average purity level in excess of 97%C achieved through standard flotation alone. The Company is targeting production in Q2/Q3 of 2016.

Safe Harbor: This release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein. The National Instrument 43-101 ("NI 43-101") compliant technical report, titled "Molo Graphite Project Fotadrevo Province of Toliara, Madagascar Preliminary Economic Assessment Technical Report Update and dated April 12, 2013, was prepared by DRA Mineral Projects Pty Ltd and authored by John Hancox, Pri.Sc.Nat, Desmond Subramani, Pri.Sc.Nat, Dave Thompson and Glenn Bezuidenhout, all Qualified Persons as defined by NI 43-101, and independent of Energizer Resources for the purposes of NI 43-101 requirements. The Technical Report is available on SEDAR at http://www.sedar.com and on the Company's website at http://www.energizerresources.com The above resource estimates, or mention thereof, were calculated in accordance with NI 43-101 as required by Canadian securities regulatory author ities. For United States reporting purposes, Industry Guide 7 (under the Securities Exchange Act of 1934), as interpreted by the Staff of the SEC, applies different standards in order to classify mineralization as a reserve. Among other things, the terms "measured", "indicated" and "inferred" mineral resources are required pursuant to National Instrument 43-101, the U.S. Securities and Exchange Commission does not recognize such terms. Canadian standards differ significantly from the requirements of the U.S. Securities and Exchange Commission, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the U.S. Securities and Exchange Commission. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The mineral resource estimates in this press release include inferred resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that the inferred mineral resource will be converted to the measured and indicated mineral resource categories through further drilling, or into a mineral reserve once economic considerations are applied.U.S. investors should understand that "inferred" mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. In addition, investors are cautioned not to assume that any part or all of the Company's mineral resources constitute or will be converted into reserves. Cautionary Statement: Neither TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm