Jiminex Enters into Agreement to Sell Non-Core Asset, the Misehkow Gold Property

Toronto, Ontario–(Newsfile Corp. – August 20, 2020) – Jiminex Inc. (“Jiminex” or the “Company“) is pleased to announce that it has entered into a purchase agreement (the “Agreement“) with an arm’s length third party individual (the “Purchaser“), to sell its non-core asset, the Misehkow Gold Property, located in the Patricia Mining Division, Northwestern Ontario, Canada (the “Misehkow Gold Property“). The Misehkow Gold Property has been inactive for a number of years, with the Company having written of all costs related to the Misehkow Gold Property in prior years.

Pursuant to the Agreement, the Company has agreed to transfer to the Purchaser 140 unpatented mining claims situated in the Patricia Mining Division, Northwestern Ontario, in consideration for a cash payment of CAD $20,000. The transaction is expected to close on or about August 21, 2020.

Further Information

For further information, please contact:

Jiminex Inc.

Binyomin Posen, CEO and Director
Telephone: (416) 481.2222 x 246
Email: [email protected]

Cautionary Statements

This press release may contain certain forward-looking information and statements (“forward-looking information“) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation, statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events (including, but not limited to, the assumption that the transactions contemplated in the Agreement will be completed on the terms and within the timelines anticipated by the Company) which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

This press release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62205

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