Genius Properties Ltd.
CNSX : GNI

Genius Properties Ltd.

April 22, 2014 08:30 ET

Genius Files Monster Lake NI 43-101 Technical Report

MONTREAL, QUEBEC--(Marketwired - April 22, 2014) - Genius Properties Ltd. (the "Corporation") (CSE:GNI) announces that it has filed a technical report entitled "NI 43-101 Technical Report Pertaining to: Chibougamau Property, Monster Lake West Block and Meston Lake West Block, Northwestern Quebec, Chibougamau Mining Camp, NTS 32G10 and 32G07" dated April 4, 2014 and prepared by Donald Théberge, Eng., M.B.A., an independent qualified person under NI 43-101. The NI 43-101 report is available under the Company's profile on SEDAR (www.sedar.com).

Since 1984, over 40,000 metres of diamond drilling has been completed by various operators along the over four-kilometre mineralized corridor at the Monster Lake area. In the winter of 2012, TomaGold drilled 16 holes for a total of 2,420 metres on the Annie zone, which resulted in a major discovery of 237.6 grams per tonne of gold over 5.7 metres in hole M-12-60. In 2013, TomaGold drilled 12 holes totalling 5,000 metres on zone 325. All the holes intersected the gold-bearing structure, and seven of the 12 holes returned values of over 10 grams per tonne of gold (see TomaGold's website at www.tomagoldcorp.com). TomaGold recently announced a significant option agreement with Iamgold Corp. valued at over $17.5 million whereby Iamgold can earn a 50% interest in TomaGold's Monster Lake and other properties (see TomaGold press release dated November 12, 2013).

About the Monster Lake area property

In January 2014, the Corporation announced that it had entered into an amended Asset Purchase Agreement for the sale of an initial 50% interest on a total of 81 claims covering approximately 4,515 hectares in the region of Monster Lake, in north-western Quebec. In addition, the buyer (Mazorro Resources Inc.) has an option, exercisable for a period of two years, to acquire the remaining 50% stake held by the Corporation (see Press Release dated Jan. 28, 2014). The property comprises two claim blocks: Monster Lake West consisting of 40 claims covering approximately 2,224 hectares and Meston Lake West consisting of 41 claims covering approximately 2,291 hectares. The Monster Lake area is located approximately 44 kilometres southwest of the town of Chibougamau. The property is easily accessible by road and a high-voltage power line crosses the area nearby.

During January 2014, a helicopter-borne magnetic and electromagnetic (TDEM) survey, funded by Genius Properties Ltd., was flown over the Monster Lake property with 258 line-kilometres over the Monster Lake West Block and 257 line-kilometres over the Meston Lake West Block, for a total of 515 line-kilometres. The survey was performed by Prospectair Geosurveys. Both Blocks were flown with traverse lines at 100 metre spacing and control lines spaced every 1,000 metres. Final results of the survey are pending.

Donald Théberge, Eng., M.B.A., is an independent qualified person (as defined by National Instrument 43-101) and is the author of the NI 43-101 report and has reviewed and approved the scientific and technical information in this press release.

About Genius Properties

Genius is targeting Quebec's excellent mineral potential to discover new world-class deposits. Genius is the ideal partner for exploration companies and capital pool companies looking for qualified transaction and projects of merit. Genius intends to enter into various types of agreements on its properties. Management is currently evaluating other growth opportunities in its portfolio of newly acquired mineral properties to enhance shareholder value in the short term.

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on GNI current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as "expect", "project", "proposed", "intend", "seek", "anticipate", "budget", "plan", "continue", "estimate", "forecast", "may", "will", "predict", "potential", "targeting", "could", "might", "should", "believe" and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company's business) may be found under the headings "Risks and Uncertainties", "Forward-Looking Information" and "Financial risk factors" in the latest Company's Management's Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and GNI does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

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