Day: June 10, 2016

Telson Resources Inc. announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify the Company’s previous disclosure. Some information in previous Company Management Discussion and Analysis, its website property pages, investor fact sheet, and corporate presentation included mineral resource estimates and preliminary economic assessment disclosures that were not compliant with the standards of disclosure for mineral projects as set out by National Instrument 43-101 and as a result could be misleading.

A total of 66,956,494 votes were cast representing 46.72% of the issued and outstanding common shares as of the record date for the Meeting. All of the proposed candidates were duly elected as directors by shareholders present or represented by proxy.

IMPACT Silver Corp. is pleased to announce that it has completed the third tranche of the brokered private placement announced on May 20, 2016. The third tranche raised $1,375,011 by issue of 2,412,300 Units at a price of $0.57 per Unit. The Corporation also issued 88,000 Units directly to a purchaser, for gross proceeds of $50,160. To date, the Corporation has raised aggregate proceeds of $4,751,235 by the issue of 8,335,500 Units. Each Unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.