Minnova Corp.: Corporate Presentation and Continuous Disclosure Announcement
Toronto, Ontario--(Newsfile Corp. - November 20, 2014) - Minnova Corp. (TSXV: MCI) ("Minnova" or "the Company"), is pleased to announce that it will be giving a presentation at the Manitoba Mines and Minerals Convention, to be held at the RBC Convention Centre, 375 York Avenue, Winnipeg, MB R3C 3J3 at 1.50pm (CST) today.
An updated corporate presentation will be available on the Company's website at www.minnovacorp.ca following the presentation.
The Company also wishes to announce that as a result of a review by the Ontario Securities Commission, it is issuing the following statement to clarify our disclosure.
Upon review of the Company's previous corporate presentation the OSC found that there were deficiencies in our disclosure and we did not present estimated contained gold with tonnage and grade estimates as required by Ni 43-101 s. 2.2 (d) and 3.4 (b). In addition the previous presentation disclosed the results of our Updated Preliminary Economic Assessment without required cautionary language as required by NI 43-101 ss. 2.3 (3) and 3.4 (e).
The updated presentation corrects these deficiencies. Minnova Corp. is committed to full, compliant disclosure.
Qualified Person
The Company's Qualified Person ("QP") for the technical disclosure is Brian Robertson, B. Sc., P. Eng.. As QP, Mr. Robertson has prepared and/or supervised the preparation of the scientific or technical information for the property and has verified the data disclosed in this press release.
About Minnova Corp.
Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Mine and expanding gold resources on its PL and Nokomis gold deposits (collectively the "Maverick Gold Project"). The Company has completed an Updated PEA which supports average annual production of 48,100 ounces over a +10 year mine life. Work to date strongly supports advancing the project toward production with an initial program of underground test mining and completion of a Feasibility Study to bring the PL Mine back into production. The PL Mine includes a 1,000 tpd flotation mill with a replacement value in excess of $50 million, over 7,000 meters of developed underground ramp to 135 metres depth, is fully road accessible and close to existing mining infrastructure. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba.
For more information please contact:
| Minnova Corp. | CHF Investor Relations | Renmark Financial Communications Inc. | |
| Gorden Glenn | Cathy Hume | Barry Mire: | |
| Chairman, President and CEO | CEO | bmire@renmarkfinancial.com | |
| gglenn@minnovacorp.ca | Tel: +1 (416) 868 1079 ext.231 | Laurence A. Lachance: | |
| Phone: +1 (647) 985 2785 | Email: cathy@chfir.com | llachance@renmarkfinancial.com | |
| info@minnovacorp.ca | www.chfir.com | Tel.: | +1 (416) 644 2020 or |
| http://www.minnovacorp.ca | +1 (514) 939 3989 | ||
| www.renmarkfinancial.com | |||
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management’s assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.