Darnley Bay Resources Limited

Darnley Bay Resources Limited

March 27, 2017 09:22 ET

Darnley Bay Announces Filing of NI 43-101 Technical Report, Appoints Community Relations Manager

TORONTO, ONTARIO--(Marketwired - March 27, 2017) - Darnley Bay Resources Limited (TSX VENTURE:DBL) ("Darnley Bay" or the "Company") has filed a Technical Report on the Pine Point Project, NWT, further to the Company's press release of March 4, 2017. The report was prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects and has been filed on the issuer's profile on SEDAR. Based on drilling and other work from previous operators, the resources cover 15 of the 60 known historical deposits on the 21,000-hectare lead-zinc property. There has been more than 1.3 million metres of drilling in more than 18,000 holes on the Pine Point property by previous operators, including Cominco, Westmin and Tamerlane. The report was prepared by independent consultants Albert Daniel Siega, PEng, and Paul Gann, PGeo. The Company is preparing a assessment (PEA) including 11 of these deposits which is expected to be completed in early April.

The Company also announces the appointment of Denise Lockett as Manager, Community Relations. Ms. Lockett has more than 25 years of experience in community relations, licencing, socio-economic agreements at more than 40 mining and exploration projects in the Canadian north with a strong focus on corporate social responsibility.

Stanley Clemmer, a Qualified Person under NI 43-101, reviewed and approved the scientific and technical information presented in this press release.

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Darnley Bay expects are forward-looking statements. Although Darnley Bay believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors 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 forward-looking statements. For more information on Darnley Bay, investors should review registered filings at www.sedar.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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