Rokmaster Options 80% of NSR on Duncan Lake Zinc Property
May 8, 2018
(May 8, 2018, Vancouver, B.C., Canada) - Rokmaster Resources Corp. ("Rokmaster" or the "Company") is pleased to announce it has entered into an Option Agreement (the "Option" or the "Agreement") with the vendors of the Duncan Lake Zinc Project (the "Property")(see News Release dated November 2, 2016) to acquire up to 80% of the current 2.5% net smelter return ("NSR") royalty on all mineral production from the Duncan Lake Zinc Property located in south eastern British Columbia, Canada.
Pursuant to the Agreement, Rokmaster has the option to reduce the existing NSR of 2.5% to 0.5% by making cash payments of $1,200,000.00 for each 1% increment.
The Option can be executed at any time, including before or after the commencement of commercial production, at Rokmaster's discretion.
About Rokmaster Resources Corp.
Rokmaster is a Vancouver-based mineral exploration company with 100% ownership of the Duncan Lake zinc-lead-silver Project in the prospective Kootenay Region of British Columbia, Canada. For additional information on the Company and its properties, please visit the Company's website www.rokmaster.com or call (604) 632-9602.
On behalf of the Board of Directors of
ROKMASTER RESOURCES CORP.
President & Chief Executive Officer
For further information, contact: John Mirko, 604-632-9602
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.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:
This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.