Communications DVR Inc.
NEX BOARD : DVR.H

October 29, 2009 11:46 ET

Communications DVR Inc. Announces a Proposed Qualifying Transaction With Ressources Aurtois Inc.

MONTREAL, QUEBEC--(Marketwire - Oct. 29, 2009) - Communications DVR Inc. ("DVR") (NEX:DVR.H), a capital pool company listed on the NEX, is pleased to announce that on October 26, 2009 it has signed a Letter of Intent (the "Letter of Intent") with Ressources Aurtois Inc. ("Aurtois"), an arm's length party, for the potential acquisition of all the issued and outstanding shares of Aurtois whether directly or by way of other arrangement (a "Business Combination") such Business Combination to constitute the Qualifying Transaction of DVR (the "QT"), as defined in the Policy 2.4 of the TSX Venture Exchange (the "Exchange").

The QT will be made on the basis that one (1) common share of DVR (a "DVR Share") will be issued to the Aurtois Shareholders for each Aurtois share held, at a deemed price of $0.10 per DVR Share for an aggregate of 9,650,000 DVR Shares.

About Ressources Aurtois Inc.

Aurtois is a mineral exploration company whose head office is located in Val-d'Or, Quebec. Aurtois has two mining properties located in Abitibi and Temiscamingue; the "Belleterre Extreme Est" property, located near the former Belleterre mine, and the "Stella" property, located in the Tavernier township.

The Belleterre Extreme Est property consists of 19 claims staked on the ground, totaling 299 ha. The required work on the property amounts to $ 15,750, while the accumulated work amounts to $ 305,471. The claims will expire between October 4 2011 and August 3rd 2012. There are no constraints affecting the exploration on the property. The property is located in a suitable environment for gold mineralization, as demonstrated in the past drilling and blasting campaigns, and the mineralization observed corresponds to a gold mineralization type of quartz vein related to zones of ductile-brittle shear.

The Stella property consists of 15 staked claims, totaling 240 ha. The required work on the property amounts to $ 15,000 while the accumulated work amounts to $ 124,288. The claims will expire between January 12 and 21, 2011. The property is located within a staking park whose claims will be turned into cells by the Ministere des Ressources Naturelles et de la Faune du Quebec (the "MRNFQ"). Staking is currently prohibited in this area, but exploration work can be conducted on the existing claims.

The technical reports NI 43-101 for the Belleterre Extreme Est and Stella properties have already been prepared.

The Belleterre Extreme Est property will serve as the qualifying property for purposes of the QT.

Financing

As part of the QT, DVR and Aurtois propose to complete (i) a brokered flow-through private placement for a minimum of $525,400 at a price of $925 per flow-through unit, each unit consisting of 1,600 DVR Shares at a price of CDN $0.125 per share and 4,000 flow-through DVR Shares at a price of CDN $0.20 per share (a "Flow-Through Unit"), representing an aggregate number of 2,840,000 DVR Shares; and (ii) a brokered common share private placement for a minimum of $250,000 at a price of $1,000 per common share unit, each unit consisting of 8,000 DVR Shares at a price of CDN $0.125 per share and 8,000 common share purchase warrants (a "Common Share Unit"), representing an aggregate number of 2,000,000 DVR Shares. Each common share purchase warrant (a "Warrant") entitles its holder to purchase one DVR Share at an exercise price of $0.175 per share for a period of 24 months following the closing date.

Jones, Gable & Company Limited ("JGCL") will be acting as sponsor and broker for the QT pursuant to a sponsorship agreement entered into on October 22, 2009 (the "Sponsorship Agreement") and an engagement letter entered into on October 22, 2009 (the "Engagement Letter"). A minimum of 484,000 DVR Shares will be reserved for issuance upon the exercise of the DVR broker warrants to be issued pursuant to the Flow-Through Private Placement and the Common Share Private Placement, and 500,000 DVR Shares will be reserved for issuance upon the exercise of the DVR sponsor warrants to be issued pursuant the Sponsorship Agreement. 200,000 DVR Shares will also be issued to Louis Gratton, as the share portion of a finder's fee pursuant to a finder's agreement to be entered into shortly (the "Finder's Agreement").

Management Team

The current members of the management of Aurtois and their brief biographies are as follows:

The board of directors of Aurtois is composed of Mr Mario Bisson, president and CEO. Mr Bisson is a businessman who currently owns a license from l'Autorite des marches financiers (the "AMF") and works in the insurance industry.

Mr. Christian Caplette, director, is also a businessman who currently owns a license from the AMF and works in the insurance industry.

Mr. Gordon N. Henriksen, geologist, is a director. He is also vice-president exploration of Knick Exploration Inc., a publicly-traded company. (TSX:KNX).

Mrs. Pascale Bisson, director, is a business woman active in the real estate industry and is also the manager of a bar-restaurant.

Mr. Andre Dumont, director, is a businessman who currently owns a license from the AMF and works in the insurance industry.

Mr. Jacques Brunelle, director, is president and chief executive officer of Knick Exploration Inc., a publicly-traded company. (TSX:KNX).

Mr. Serge Martel, director, was trained as a teacher.

A more comprehensive news release describing the details of the transaction and complying with the requirements of Policy 2.4 of the Exchange will be forthcoming.

Mr. Donald Theberge Geol. a qualified person within the meaning of NI 43-101, has reviewed and approved the technical content of this press release on behalf of Aurtois.

Trading of DVR Shares will remain halted for now.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

In the interests of providing shareholders and potential investors with information regarding Aurtois, including Aurtois' assessment of its and its subsidiaries' future plans and operations, certain statements included in this press release may constitute forward-looking information or forward-looking statements (collectively, "forward-looking statements"). All statements contained herein that are not clearly historical in nature are forward-looking, and the words "anticipate", "believe", "expect", "estimate" and similar expressions are generally intended to identify forward-looking statements. Such statements represent the Aurtois' internal projections, estimates or beliefs. These statements are only predictions. Actual events or results may differ materially. Although Aurtois believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause Aurtois' actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Aurtois and the foregoing list of important factors is not exhaustive. These forward-looking statements are made as of the date hereof and Aurtois disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

"The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release."

JGCL, subject to completion of satisfactory due diligence, has agreed to act as sponsor in connection with the transaction. An agreement to sponsor should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion.

"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."

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