Lorraine Copper Corporation: Clarifies Previous News Release
Vancouver, February 10, 2017 - Lorraine Copper Corp. (TSX-V: LLC) ("Lorraine Copper") would like to revise a news release dated January 17, 2017 to include more detailed information regarding the contract between Lorraine Copper and Adam Bighill. Lorraine Copper previously announced that it has signed an arms-length contract with Adam Bighill to assist the company in corporate development and shareholder communications. Adam recently was a member of the BC Lions Football organization and will be affiliated with the New Orleans Saints of the NFL later this year.
Adam has developed a strong interest in the junior resource market over the last several years and will be a tremendous help to Lorraine Copper in expanding our reach to investors. The company is very pleased to be working with him. His efforts on behalf of Lorraine will include communicating with investment dealers, advisers and Shareholders, both current and prospective, to increase awareness of and interest in Lorraine. Mr. Bighill currently has no interest in Lorraine Copper or its securities.
Stock options have been reserved for Mr. Bighill at a price of $0.10/share for 100,000 shares with an expiry date of January 17, 2027. Either party may terminate the agreement by giving thirty (30) days notice after which the options will expire in thirty (30) days from the notice date. Mr. Bighill will be compensated by monthly payments of $500.00.
Lorraine Copper has been undergoing a major re-building program over the last year and now has two newly acquired and 100% owned projects in the OK copper-molybdenum property near Powell River, BC and Lustdust base-precious metal property north of Fort St. James, BC. Both projects contain NI 43-101 compliant resources and excellent exploration potential. Programs are being planned for both these properties for this summer. Lorraine Copper continues its joint venture with Teck Limited on the Lorraine copper-gold project and looks forward to Teck moving the project forward.
G. L. Garratt, P.Geo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
Glen Garratt, P. Geo.
Director
Contact: Phone: (604) 681-7913, Toll Free: 888-656-6611
About Lorraine Copper
Lorraine Copper holds a 49% interest in the Lorraine copper-gold project in a joint venture with Teck Resources Ltd. and a 100% interest in the Okeover (OK) copper-molybdenum project. The company completed a purchase agreement in late 2016 for 100% of the Lustdust gold-silver-copper project. All three projects contain NI 43-101 compliant resources. For more information please visit the Company's website at www.lorrainecopper.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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