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June N8I O0N4I sancouverI BC – eeatherdale oesources itdK E“eeatherdale” or the “Company”F ETpus:eToF advises that penate Bill VV E“pBVV”FI authorizing the Alaska fndustrial aevelopment and bxport Authority E“AfabA”F to issue bonds to finance up to ANOR million in infrastructure that would support development of eeatherdale’s kiblack CopperJdoldJwincJpilver mrojectI was signed into law by Alaska ptate dovernor pean marnell on gune NSI OMN4K

“qhis legislation will go a long way toward creating new opportunities for Alaskans and growing poutheast Alaska’s economy as a wholeI” dovernor marnell saidK “By authorizing AfabA to issue bonds for the Bokan and kiblack minesI as well as the Blue iake bxpansion mrojectI we are moving these critical projectsI and the many jobs they will createI one step closer to realityK f want to especially commend penator iesil jcduire for her work on this crucial legislationK”

pBVVI introduced by penator iesil jcduireI oJAnchorage and amended by penator Bert ptedmanI oJpitkaI was unanimously passed during the recent session of the Alaska ptate iegislatureK qhe bill provides AfabA with the ability to provide financing for the kiblack and Bokan mining projects in poutheast Alaska as well as a loan to the Blue iake eydroelectric mroject near pitkaI AlaskaK

penator jcduire emphasized the important role that natural resources play in regional development in AlaskaK “qhis bill isn’t just about mining or electricity J it’s about giving a big boost to the economy of poutheast AlaskaI” said penator jcduireK

fn the case of kiblackI the bill allows AfabA to issue bonds to finance up to ANOR million of the cost for constructing key infrastructureI including a mineral processing millI and associated dockI loading and related infrastructure facilities at the dravina fsland fndustrial ComplexI and other facilities at the kiblack mroject site on mrince of tales fslandK AfabA must still go through its conventional project evaluation and due diligence process prior to authorizing the infrastructure financing for the kiblack mrojectK

qhe bill was signed during a luncheon hosted by the dreater hetchikan Chamber of Commerce at the Cape cox iodge in hetchikanK eeatherdale mresident and Cbl matrick pmith attended the luncheonK

“f am very pleased that the bill has now been signed into law and with the strong support that the kiblack mroject has received through the legislative processI” said pmithK “te appreciate the efforts of dovernor marnell and the Alaska legislators as well as the local officialsI businesses and individual citizens who supported the legislationK A project like kiblack would create a significant number of new jobs for the region and the stateK te look forward to securing a strategic partnerI and moving into permittingI construction and operations at kiblack in the months and years aheadK”

About kiblack

qhe kiblack mroject is located on tidewater near hetchikan on mrince of tales fsland in poutheast AlaskaI an area with a skilled workforceI excellent power and transportation infrastructure as well as a long history of public and official support for responsible mineral resource development and miningK

pince OMMVI eeatherdale has invested some APT million and drilled more than OMMIMMM feet of core to define RKS million tonnes of fndicated and PK4 million tonnes of fnferred mineral resourcesN at kiblackK thile possessing significant potential for expansionI the known mineral resources at kiblack provide a solid basis

N fndicated grades MKVRB copperI NKTR gLt goldI NKTPB zincI OVKRO gLt silver and inferred grades MKUNB copperI NKPO gLt goldI NKOVB zincI OMKNM gLt silver at a rpARM kpo cutJoffK cor further details see the eeatherdale kovember OVI OMNN news releaseK

for the initiation of engineeringI environmental baseline and other technical studies necessary for project planning and permittingK

About eeatherdale eeatherdale oesources itdK is a sancouverJbased exploration and development company focused on advancing its highJgrade mine development opportunity at the kiblack mrojectK qhe Company is associated with the eunter aickinson groupI which has a track record of successful mineral exploration and development projects around the worldK

cor more information on eeatherdaleI visit the Company’s website at wwwKheatherdaleresourcesKcom or contact fnvestor pervices at ESM4F SU4JSPSR or within korth America at NJUMMJSSTJONN4K

ln behalf of the Board of airectors matrick pmith mresident and Cbl keither the qpu senture bxchange nor its oegulation pervices mrovider Eas that term is defined in the policies of the qpu senture bxchangeF accepts responsibility for the adequacy or accuracy of this releaseK qhis release includes certain statements that may be deemed "forwardJlooking statements"K All statements in this releaseI other than statements of historical factsI that address exploration drillingI exploitation activities and events or developments that the company expects are forwardJlooking statementsK Although the Company believes the expectations expressed in such forwardJlooking statements are based on reasonable assumptionsI such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forwardJlooking statementsK Assumptions used by the Company to develop forwardJlooking statements include the followingW the kiblack project will obtain all required environmental and other permits and all land use and other licensesI studies and exploration of the kiblack project will continue to be positiveI and no geological or technical problems will occurK cactors that could cause actual results to differ materially from those in forwardJlooking statements include market pricesI potential environmental issues or liabilities associated with explorationI development and mining activitiesI exploitation and exploration successesI continuity of mineralizationI uncertainties related to the ability to obtain necessary permitsI licenses and title and delays due to third party oppositionI changes in government policies regarding mining and natural resource exploration and exploitationI and continued availability of capital and financingI and general economicI market or business conditionsK fnvestors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forwardJlooking statementsK cor more information on the CompanyI investors should review the CompanyDs continuous disclosure filings that are available at wwwKsedarKcomK