SOURCE: BOXXER GOLD CORP.

Boxxer Gold Corp.

December 17, 2014 16:10 ET

Boxxer Corporate Update and Name Change

CALGARY, AB--(Marketwired - December 17, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Boxxer Gold Corp. (TSX VENTURE: BXX) (OTC PINK: BXXRF) (the "Company", or "Boxxer") is pleased to announce that it will complete its previously announced name change (the "Name Change") from "Boxxer Gold Corp." to "ExGen Resources Inc." on Thursday, December 18, 2014. The Name Change was approved by the shareholders of the Company at the annual and special meeting held on Wednesday, December 10, 2014. The common shares of the Company will commence trading on the TSX Venture Exchange under the new name at the opening of trading on Thursday, December 18, 2014 under the new stock symbol "EXG."

Management of the Company believes that ExGen Resources, which is derived from, "Exploration Generator," is a better reflection of the Company's current operations and focus on the joint venture model to secure additional partners across its portfolio of copper projects.

Mr. Riley, Boxxer's CEO stated, "I would like to thank all of our long term shareholders that have supported the Company through these challenging markets. It is always important to focus on the fundamentals of a business and critically so during market dislocations as we have been experiencing in the junior resource space. That is just what we have been doing at Boxxer and I believe we have achieved a number of significant milestones over the past 12 months. This progress could not have been realized without the tireless efforts of our directors and officers, many of whom have agreed to forego their annual cash compensation for 2014. This sacrifice should not go unnoticed as it is of great benefit to all of us shareholders."

12 Month Corporate Milestone Highlights:

  1. Raised over $1.2M and much of that at a premium to our then trading price
  2. Significantly reduced overhead and burn rate
  3. Repositioned the Company with a new corporate strategy of pursuing joint venture partners for our projects
  4. Closed our first option to joint venture deal on the DOK project: $6.2M all-in spend and obligations
  5. Nearly $1M drill program on DOK that was 100% partner funded
  6. First two drill holes on DOK confirmed a porphyry discovery
  7. Renegotiated the payment schedules for all of our projects
    • Including restructuring over $1.1M in payments for Empire and reducing the DOK spend requirement by $2M
  8. Acquired 10% working interest and the sliding scale royalty in Gordon Lake from Katalyst, consolidating Boxxer's ownership in Gordon Lake to 100% with no royalties

About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company involved in the exploration for large poly metallic copper deposits in North America. Boxxer's active projects include the Boss and Buena Vista copper projects in the state of Nevada, the Empire copper-gold-silver property in Idaho, the DOK copper-gold porphyry property in Northwest B.C., and the East Breccia copper-silver-molybdenum property in Ontario. Boxxer also has the Gordon Lake gold project located 110 kilometres north of Yellowknife NWT, Canada.

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.

Forward-Looking Information: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. In particular, this news release contains forward-looking information in relation to Boxxer's focus of securing additional joint venture partners for its copper projects. In the forward looking information contained in this news release, Boxxer has made numerous assumptions, based upon practices and methodologies which are consistent with the mineral industry. In addition, Boxxer has assumed the continued market acceptance of its joint venture partnership model. While, Boxxer considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Boxxer's observations, actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineralization; and uncertainty as to the availability and terms of future financing; uncertainty as to timely availability of permits and other governmental approvals; Boxxer may not be able to comply with its ongoing obligations regarding the DOK Property. A description of additional assumptions and risk factors used to develop such forward-looking information that may cause actual results to differ materially from forward-looking information can be found in Boxxer's disclosure documents on the SEDAR website at www.sedar.com. Although Boxxer 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. Accordingly, readers should not place undue reliance on forward-looking information. Boxxer does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Contact Information

  • For more information on Boxxer please visit our website at www.boxxergold.com or contact Boxxer Gold Corp:

    Jason Riley
    403-264-4811
    President and Chief Executive Officer
    Email: jason@boxxergold.com