Related Document

NR: 15-06

Boss Power Corp. (TSX.V: BPU) (“Boss Power”) is pleased to announce the filing of an amended and restated NI 43-101 technical report dated May 6, 2015 prepared by Welsh Hagan Associates (formerly Telesto Nevada, Inc.) entitled “Amended and Restated NI 43-101 Technical Report for the Bell Mountain Project, Churchill County, Nevada” (the “Amended and Restated Technical Report”).

The Amended and Restated Technical Report was prepared for Boss Power and Globex Mining Enterprises Inc. (TSX:GMX) (“Globex”) in connection with Boss Power’s acquisition of the right to acquire title and interest to certain mineral properties and property agreements comprising the Bell Mountain Project located in Churchill County, Nevada and any related assets. Pursuant to the acquisition, Boss Power assumed all of the obligations, interests and rights of Laurion Mineral Exploration Inc. (“Laurion”) under an exploration and option agreement between Laurion and Globex, (the “Globex Agreement”) including the obligation to incur and complete certain expenditures necessary to complete the earn-in respecting the primary mineral properties of the Bell Mountain Project. See the Boss Power press release dated April 30, 2015 for more information respecting the acquisition.

For the purposes of the Amended and Restated Technical Report, the drilling data, assay data, and resource estimate from the original NI 43-10 technical report dated May 3, 2011, as amended and restated on December 18, 2012 and November 13, 2014 have not changed. The effective date of the Amended and Restated Technical Report is May 3, 2011.

A summary of the mineral resource estimate in the Amended and Restated Technical Report is described below:

All Gold, Silver and Gold-Equivalent Measured and Indicated Resources at Bell Mountain at 0.192 g/t AuEQ Cutoff, Effective Date May 3, 2011






Tonnes
(000s)





Tons
(000s)
GoldSilver

Total Ounces of Gold
Equivalent (oz AuEQ)
Gold
Cutoff
Grade
(g/t)
Average GradeGold
(oz)
Average GradeSilver
(oz)
Ounces of
Silver as
Gold
Equivalent
Gold
(opt)
Gold
(g/t)
Silver
(opt)
Silver
(g/t)
Measured5,9526,5610.1920.0150.531101,5340.48516.623,180,12757,820159,355
Indicated3,8104,1990.1920.0150.51863,4840.56119.222,353,78042,796106,280
Measured + Indicated9,76110,7600.1920.0150.526165,0180.51417.635,533,907100,616265,635
  1. Rounding of tons as required by Form 43-101F1 reporting guidelines results in apparent differences between tons, grade and contained ounces in the mineral resource.
  2. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

All Gold, Silver and Gold-Equivalent Inferred Resources at Bell Mountain at 0.192 g/t AuEQ Cutoff, Effective Date May 3, 2011





Tonnes
(000s)




Tons
(000s)
GoldSilver


Total Ounces of Gold Equivalent (oz AuEQ)
Gold
Cutoff Grade (g/t)
Average GradeGold
(oz)
Average GradeSilver
(oz)
Ounces of
Silver as Gold Equivalent
Gold
(opt)
Gold
(g/t)
Silver
(opt)
Silver
(g/t)
Inferred2,0462,2550.1920.0130.44929,5500.38713.26872,41115,86245,412
  1. Rounding of tons as required by Form 43-101F1 reporting guidelines results in apparent differences between tons, grade and contained ounces in the mineral resource.
  2. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
  3. Please refer to the Amended and Restated Technical Report for further details. The Amended and Restated Technical Report is available on SEDAR at www.sedar.com and on Boss Power’s website at www.bosspower.ca.

Boss Power intends to complete the expenditures necessary for the earn-in under the Globex Agreement, and further advance the project as circumstances warrant.

The technical information in this press release has been prepared in accordance with National Instrument 43-101 and has been reviewed and approved by Mr. Douglas W. Willis, CPG of Welsh Hagen Associates. Mr. Willis is an author of the Amended and Restated Technical Report, is independent of Boss Power Corp. and is a qualified person as defined by National Instrument 43-101.

About Boss
Boss Power Corp. is a Canadian public company focused on the exploration and development of mineral deposits in North America.

BOSS POWER CORP.
Ron Netolitzky, Acting CEO
(604) 688-8115

Forward-Looking Information: This press release includes forward-looking statements or information. All statements other than statements of historical fact included in this release, including without limitation, statements regarding future plans and objectives of Boss Power, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Boss Power’s plans or expectations include the risk that actual results of future exploration work, including drill results and results of engineering and metallurgical studies, will not support the Boss Power’s plans to advance the Bell Mountain project; risks relating to delays in the preparation of geological reports; the uncertainty of the geology, grade and continuity of mineral deposits (including in respect of the Bell Mountain property) and the risk of unexpected variations in mineral resources, grade and/or recovery rates; cost overruns and project delays; availability of additional capital and financing required to fund the remaining expenditures under the aforementioned Globex Agreement; the risk that Boss Power will not receive all necessary United States regulatory approvals in relation to Bell Mountain transactions as planned, or that the necessary approvals will require modifications to the terms of the transactions; US regulatory review of the Bell Mountain transactions may result in regulatory orders or other action that may have an adverse effect on the business, operations or assets of Boss Power in the United States, including in relation to the Bell Mountain project; general economic, market or business conditions; fluctuating metal prices; regulatory changes; timelines of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the company. Boss Power makes all reasonable efforts to update its corporate material, documentation and forward-looking information on a timely basis.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

For further information contact: Tony Perri - Investor Relations, Manager
Suite 611, 675 W. Hastings Street Vancouver, British Columbia, Canada V6B 1N2
Tel: (604) 688-8115 Fax: (604) 669-2543

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