Delrey Finalizes 2019 Drill Plans for Its Four Corners Project

Engages Dr. Luke Longridge of CSA Global Canada Consultants

Vancouver, British Columbia–(Newsfile Corp. – July 16, 2019) – Delrey Metals Corp. (CSE:DLRY, FSE: 1OZ, OTC:DLRYF) (“Delrey” or the “Company“) is pleased to announce plans for its 2019 drill program on its Four Corners Project, located in Newfoundland and Labrador. The Company plans to drill a total of 5000m from 20 drill pads at its flagship Keating Hill East Zone, which is designed to test over 3.5km of strike length. The holes will be drilled at a spacing of roughly 300m along strike between fence lines, with two vertical drill holes per fence-line, located roughly 150m apart. Delrey will also be conducting follow up prospecting and sampling on its Bullseye, Four Corners, Keating Hill West, and newly discovered Keating Hill North Zones, with plans for late-season drilling on the most promising targets identified.

Delrey has also engaged Dr. Luke Longridge, P.Geo., of CSA Global Canada Consultants Ltd. (“CSA Global“), to provide exploration advice ahead of the 2019 drill program at the Four Corners Project. The drill plan is designed to generate a maiden resource estimate on the 3.5km Keating Hill East Zone by the winter of 2019. Dr. Longridge has extensive experience working on vanadiferous, titaniferous magnetite projects in South Africa and Canada. CSA Global is a leading mining, geological, technology, and management consulting company with international offices spread across the Americas, Australia, Africa, Asia, and Europe.

Additionally, the Company has awarded the 2019 Four Corners drilling contract to Logan Drilling Group International, based out of Stewiacke, Nova Scotia. The program will utilize a skid-mounted Multi-Power Discovery II core drill, capable of drilling depths of up to 1000m. Logan Drilling maintains a very high standard for quality, performance, and safety, both in Newfoundland and Labrador as well as abroad.

Delrey’s President and CEO Morgan Good commented, “We are extremely excited to be nearing the launch of the 2019 drill program on our Flagship Four Corners Project in Newfoundland and Labrador. Having expertise from professionals such as Dr. Longridge, with his vast experience working and advancing vanadiferous, titaniferous magnetite projects truly do add significant value to the Delrey story as we push forward on our path to generating the Company’s maiden resource estimate.

About Delrey

Delrey Metals Corp. (CSE:DLRY, FSE: 1OZ, OTC:DLRYF) is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties, specifically in the strategic energy minerals space. The Company has an option to earn an 80% interest in the Four Corners Project located in Newfoundland and Labrador. The Four Corners Project is a Fe-Ti-V exploration project with positive historical drilling, metallurgy, and development economics. The Company also wholly owns the Star, Porcher, Peneece and Blackie Fe-Ti-V properties located along tidewater in western British Columbia. Delrey will continue to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “DLRY”.

Qualified person

Scott Dorion, P.Geo., is the designated Qualified Person of the Company as defined by NI 43-101 and has reviewed and approved the technical information contained in this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations, and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, but are not limited to, general business and economic uncertainties. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

Historical information contained in this news release cannot be relied upon as the Company’s Qualified Person, as defined under NI 43-101 has not prepared nor verified the historical information.

Neither the CSE nor it’s Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release).

Please visit the company’s website at delreymetals.com. For a free report on Delrey Metals Corp. (CSE:DLRY, FSE:1OZ, OTC:DLRYF)  visit microsmallcap.com.

Please See Disclaimer


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of a third party, Delrey Metals Corp. and Market Jar Media Inc. expects to receive the following amounts from Native Ads Inc. in the USD amount of One Hundred Nine Thousand Dollars for 15 campaign days (11 business days). In addition, Market Jar was re-engaged by Native Ads for a period of 2 campaign days (2 business days) in the amount of ten thousand US dollars.

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on Microsmallcap.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Microsmallcap.com.

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.