Brades Resource Corp.

Brades Resource Corp.

January 14, 2015 16:46 ET

Brades Resource Expands Athabasca Basin Portfolio With 3 New Properties Adjacent to Fission 3.0 Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 14, 2015) - BRADES RESOURCE CORP. (TSX VENTURE:BRA)(FRANKFURT:B04) ("Brades" or "the Company") is pleased to announce that it has received TSX Venture Exchange approval for an agreement to purchase a 100% interest in three new properties at Perron Lake, Manitou Falls and Cree Bay in the northeastern Athabasca Basin region of northern Saskatchewan. These new acquisitions are part of Brades' objective to stake highly prospective areas near, and in the case of Perron Lake and Cree Bay, adjacent to, properties of Fission 3.0, where the target depth of uranium mineralization is expected to be shallow, as is the case with Fission Uranium Corp's PLS properties. he recent resource report issued by Fission Uranium on the PLS property makes this acquisition a great addition to the Brades land portfolio where we will continue to work with the most successful technical team in the Athabasca Basin in the past 10 years.

The new ground consists of nine claims on three properties with a total area of 23,486 hectares (ha) or approximately 235 sq. km. Brades' three new properties are all Athabasca Basin region properties that are close to the basin margin and thus the mineralization model is shallow depth.

Consideration for the properties includes a $50,000 signing payment, issuance of 5,000,000 common shares to the property vendor (1018206 B.C. Ltd.) who is at arm's length to the Company and a $50,000 payment on closing. Brades will pay a finder's fee of 500,000 shares to Matthews Investments Ltd. (Rich Matthews).

With the addition of these claims, Brades now has a portfolio of five properties in and around the Athabasca Basin in Saskatchewan.

All securities issued under this acquisition are subject to a four month hold period. The acquisition did not result in a change of control of Brades.

About Brades Resource Corp.

Brades Resource Corp is a Canadian-based resource company focused on gold in British Columbia and uranium in Saskatchewan's Athabasca Basin - the world's largest source of high-grade uranium. The Company has a joint venture with Fission 3.0 Corp. to explore Fission's Clearwater West property at which Fission's award-winning technical team will be the Operator. Brades also has a large, strategically located property at Lorne Lake in the Athabasca Basin and a gold project in British Columbia.

On behalf of the Board,

Brian Biles, Director

Shares issued: 41,432,769

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.

This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund the option earn-in on the Clearwater West property and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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