Barrian Mining Corp. Provides Update on Financing and Name Change

Vancouver, British Columbia – May 22, 2020: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to provide an update on its previously announced (see news release dated May 4, 2020) non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of a minimum of $7,500,000 and a maximum of $10,000,000.

Barrian has received subscription agreements and committed orders as of market close totaling over C$9,800,000 and expects to receive the remainder of the subscription agreements over the next few days for an anticipated over-subscribed Private Placement.  

Prior to closing the Private Placement and the proposed transaction with Liberty Gold Corp., Barrian will complete a consolidation on the basis of two (2) pre-consolidation shares for one (1) post-consolidation share (the “Consolidation”) and Barrian will change its name to “New Placer Dome Gold Corp.”. Concurrent with the name change, the Company will adopt “NGLD” as the new trading symbol.

The Private Placement is subject to TSX Venture Exchange final approval and all securities issued are subject to a four month hold period. Finder’s fees will be payable in connection with the Private Placement, all in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

Trading of the Company’s shares will remain halted until completion of the Consolidation, name change, Private Placement and closing of the transaction with Liberty Gold Corp.

About Barrian Mining Corp.

Barrian Mining Corp. is a gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information:

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director
Tel: (604) 620-8406
Email: info@barrianmining.com

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 news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Forward Looking Information

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, completing the Private Placement, completing the Consolidation, obtaining TSX Venture Exchange approval for the proposed transaction with Liberty Gold Corp., conducting exploration work on its projects, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

There can be no assurance that the proposed transaction with Liberty Gold will be completed or, if completed, will be successful.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly.

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

BARRIAN MINING CORP. ANNOUNCES UP TO $10 MILLION NON-BROKERED PRIVATE PLACEMENT AND AMENDED TERMS FOR THE KINSLEY MOUNTAIN GOLD PROJECT – NEVADA

Vancouver, British Columbia – May 4, 2020: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to provide an update on its current purchase option transaction with Liberty Gold Corp. (“Liberty Gold”) with respect to the Kinsley Mountain Carlin Style Gold Project, located south of the Nevada Gold Mines LLC Long Canyon Gold Mine. Barrian intends to complete a non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of a minimum of $7,500,000 and a maximum of $10,000,000. The Private Placement will consist of units at a price of $0.22 per unit. In connection with the Private Placement, Barrian has amended the previously announced purchase option agreement (see news release dated December 2, 2019) and reduced the initial payment to Liberty Gold. 

At the completion of the Private Placement, Barrian plans to undertake exploration on its projects to:

  1. Expand and advance the Kinsley Mineral Resource by focusing on high-grade drill targets along the Secret Canyon Shale and Dunderberg Shale areas; and
  2. Advance the Bolo Gold-Silver Project through step-out drilling to develop a potential mineral resource estimate.   

Kinsley Mountain Gold Project

The updated Kinsley Mountain resource estimate, having an effective date of January 15, 2020, completed by Mike Gustin, Ph.D., CPG, and prepared in accordance with Canadian National Instrument 43-101 – Standards for Disclosure for Mineral Projects, comprises 4.948 million tonnes containing 418,000 indicated ounces of gold at a grade of 2.63 grams Au/t and 2.438 million tonnes containing 117,000 inferred ounces at a grade of 1.51 grams Au/t[1]

At Kinsley, two sedimentary units, the Dunderburg Shale and Secret Canyon Shale, host gold mineralization.  The primary target for high grade gold mineralization is the Secret Canyon Shale, as exemplified by the West Flank Zone, which contains a subset of the indicated resource of 1.249 million tonnes containing 265,000 ounces gold at an average grade of 6.61 grams Au/t. 

Secret Canyon Shale Target

Historical drill results from the West Flank Zone hosted by in the Secret Canyon Shale include:  

Hole ID (Az, Dip)(degrees)From (m)To (m)Intercept1(m)Au (g/t)Au Cut-Off(g/t)Hole Depth (m)ZoneHost Rock
PK091CA (090, -70)159.0161.82.91.460.2291.7Western FlankDunderberg
and231.5233.82.30.710.2
and255.1291.736.68.530.2Secret Cyn Shale
including276.5284.07.629.45.0
         
PK127C2 (090, -66)137.8140.42.60.570.2389.2Western FlankDunderberg
and233.8236.83.00.370.2Secret Cyn Shale
and268.8270.41.50.680.2
and276.5318.141.76.850.2
incl282.5287.14.68.505.0
incl301.0309.58.516.35.0
incl314.6318.13.620.55.0
         
PK131C (110, -72)229.2232.33.00.360.2398.4Western FlankSecret Cyn Shale
and247.5249.01.50.680.2
and262.7305.442.710.50.2
incl276.5299.322.918.35.0
         
PK132C (-90)172.8174.31.51.460.2456.9Western FlankSecret Cyn Shale
and249.6303.053.37.530.2
incl257.3259.52.318.15.0
incl269.4292.322.914.95.0
and324.3331.97.64.670.2
incl327.1328.91.813.75.0
         
PK133C (270, -77)206.3210.94.60.460.2413.6Western FlankDunderberg
and246.0247.51.50.670.2Secret Cyn Shale
and310.0340.030.010.60.2
incl322.2338.616.516.15.0
         
PK137C** (120 -80)253.9282.929.021.30.2282.8Western FlankSecret Cyn Shale
incl259.7264.64.946.45.0
incl270.5281.911.432.75.0
         
PK137CA3 (120, -80)253.3292.038.715.60.2346.9Western FlankSecret Cyn Shale
incl259.4281.321.926.25.0
         
PK175CA (255, -78)189.6197.27.60.540.2398.4Western FlankHamburg
and241.4244.43.00.750.2Secret Canyon
and287.1332.845.76.190.2
including299.9319.119.213.85.0
         
PK186C (030, -79)212.4226.514.01.530.2422.8Western FlankDunderberg
and252.4256.64.30.360.2
and273.4313.039.610.10.2Secret Canyon Shale
incl283.8305.421.617.45.0
         
PK187C (145, -81)133.8140.56.73.090.2364.8Western FlankDunderberg
and252.1258.26.10.430.2Secret Canyon Shale
and262.7293.230.56.050.2
incl274.3282.58.28.105.0

1 True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths.

2 Reportable intercepts for PK126C and PK127C were revised slightly by increasing the minimum g/t*m in order to eliminate smaller and lower grade intervals. One additional “including” intercept was added to the table in PK127C.

3 PK 137C was lost near the bottom of the mineralized zone due to poor ground conditions higher in the hole. PK137CA was wedged off the same hole from above the mineralized zone using NQ tools and was completed through the mineralized zone immediately adjacent to PK137C.

Exploration in the Secret Canyon Shale by Liberty Gold focused on the West Flank Zone which remains open for extension to the east and west.  The Secret Canyon Shale underlies the entire property at depth, with very few tests of the target and excellent potential for new discoveries in the same host rock horizon. For example, hole PK153, drilled 2 km to the south of the Western Flank Zone, yielded the following intercept:

Hole ID (Az, Dip)(degrees)From (m)To (m)Intercept1(m)Au (g/t)Au Cut-Off (g/t)Hole Depth (m)ZoneHost Rock
PK153 (0, -90)411.5437.425.91.340.2518.2Secret SpotSecret Cyn Shale
and443.5457.213.71.090.2
incl451.1452.61.55.035.0
and469.4475.56.10.210.2
and477.0483.16.13.020.2
incl480.1481.61.56.015.0

1True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths

Secret Canyon Target – Growth and Advancement Opportunities

  • High Grade mineralization occurs in structural corridors where they intercept the Secret Canyon Shale.  The Secret Canyon Shale underlies the entire property at depth, with very few tests outside of the Western Flank Zone.
  • Initial metallurgical test results which yielded gold recoveries ranging from 89 – 95% and concentrate grades between 98.6 and 312 grams Au/t demonstrate the amenability of high-grade mineralization from the Secret Canyon shale to produce a high-grade concentrate.

Dunderberg Shale Target

The Dunderberg Shale occurs stratigraphically above the Secret Canyon Shale. Historical production at Kinsley Mountain was sourced in the Dunderberg Shale, with 138,000 ounces averaging 1.4 g/t Au produced from a run of mine oxide heap leach operation during a period of historically low gold prices.  Near surface oxide gold targets remain in this target horizonLiberty Gold extended oxide mineralization down dip of the historical pits, including the following intercepts:

Hole ID (Az, Dip)   (degrees)From (m)To (m)Intercept1(m)Au (g/t)Au Cut-Off (g/t)Hole Depth (m)ZoneHost Rock
PK014C (270, -50)94.5114.920.45.480.2126.5MainDunderberg
incl97.5103.05.516.435.0
         
PK001C (0, -90)88.5105.316.81.640.2215.5MainDunderberg
         
PK002C (90, -68)111.7120.48.76.230.2215.5MainDunderberg
incl117.4120.43.112.055.0
and131.7135.03.40.330.2
         
PK003C (0, -90)102.7110.27.56.750.2282.6MainDunderberg
incl107.0110.23.213.525.0
         
PK031C (100, -85)31.159.928.80.920.2163.7MainDunderberg

1True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths

Maximilian Sali, CEO of Barrian comments “We would like to welcome Mr. Cal Everett to our Advisory Board as a senior financial advisor to the Company. We are pleased to also welcome Liberty’s technical team in assisting Barrian with the selection of drill targets at Kinsley. Liberty will become Barrian’s largest shareholder owning 9.9% following the close of this transaction. Previous historical drill intercepts at the Secret Canyon Shale zones which we will be targeting in our 2020 drill program include 36.6m of 8.53 g/t, 29.0m of 21.3 g/t, 11.4m of 32.7 g/t and 21.6m of 17.4 g/t. Liberty Gold’s technical team will assist Barrian with choosing drill targets for this program and we hope to achieve similar results. With a rising gold price at multi year highs we believe that we can create significant shareholder value through the drill bit at Kinsley.” 

Amended Option Agreement 

The previously announced purchase option agreement dated November 29, 2019 (see news release dated December 2, 2019) between Liberty Gold and Barrian has been amended (the “Amended Option Agreement”). 

In order to exercise the option to acquire Liberty Gold’s interest (the “Option”) in Kinsley Gold LLC (the “JVCO”), a limited liability company holding ownership and leasehold rights in and to 513 unpatented claims and 5 leased patented claims, covering 4,187 hectares, known as the “Kinsley Mountain Project”, located in southeast Elko County, Nevada,Barrian must issue common shares and make certain cash payments as follows:

  • pay USD$1,250,000 (previously USD$2,500,000) in cash, pay USD$124,570 in respect of certain bonds/insurance relating operations on the Kinsley Mountain Project and issue 9.9% of common shares (post-Consolidation and post-financing) of Barrian (previously 2,000,000 common shares) (“Initial Payments”);

(b) pay USD$2,500,000 in cash on or before the first anniversary of the final approval of the transaction by the Exchange; and

(c) issue USD$2,500,000 of common shares of Barrian on or before the second anniversary of

the final approval of transaction by the Exchange.

The Initial Payment common shares will be subject to a voluntary 12-month hold period from the date of issuance. Liberty Gold will also be granted anti-dilution rights in future equity financings of Barrian. 

Upon Barrian exercising the Option, Liberty Gold shall have a 1% NSR royalty, on the percentage amount of the JVCO that is owned and controlled by Barrian, of all proceeds received by Barrian attributable to the production and sale of all products produced from the Kinsley Mountain Project (which NSR may be reduced to 0.5% by Barrian paying USD$500,000 in cash). 

The Amended Option Agreement is subject to a number of terms and conditions, including (among other things), closing of a financing (see below), and the final approval of the Exchange. Nevada Sunrise Gold Corp. has waived its right of first refusal in respect of the transfer by Liberty Gold of its interest in Kinsley Gold LLC.

In connection with this transaction, Barrian has agreed to pay a finder’s fee of 800,000 Units (as defined below) to Request Equity Corp., subject to Exchange approval. 

Prior to closing the financing and the proposed transaction with Liberty Gold, Barrian intends to complete a consolidation on the basis of two (2) pre-consolidation shares for one (1) post-consolidation share (the “Consolidation”).

It is anticipated that trading of the Company’s shares will remain halted until completion of the transaction. 

Advisory Board

Barrian is pleased to announce that it has created an advisory board with respect to the proposed acquisition by the Company of Liberty Gold Corp.’s interest in the Kinsley Mountain gold project to put Barrian in a position of strength to significantly increase shareholder value with the exploration program at Kinsley Mountain. At the closing of the transaction, Barrian will appoint Mr. Cal Everett to Barrian’s advisory board as senior financial advisor. 

Liberty Gold’s exploration team will also assist Barrian with drill target selection. 

About Cal Everett, B.Sc.

Mr. Everett is a geologist with more than 14 years of surface and underground exploration experience with senior mining companies. He moved to the financial sector in 1990, and spent 12 years with BMO Nesbitt Burns focused on resource equities, and seven years with PI Financial Corp. in senior resource institutional sales and capital markets. From 2008 to 2015, he was President and Chief Executive Officer of Axemen Resource Capital. Mr. Everett holds a Bachelor of Science degree in Economic Geology from the University New Brunswick. Mr. Everett is currently Chief Executive Officer and President and a director of Liberty Gold Corp. 

Future Board and Management Additions 

Liberty Gold and Barrian will work jointly to attract senior management to Barrian and select a VP-Exploration with Carlin Style sediment hosted gold experience.

Financing Update

The previously announced engagement with Sprott Capital Partners LP has been terminated by mutual consent. 

Barrian intends to complete a non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of a minimum of $7,500,000 and a maximum of $10,000,000. The Private Placement will consist of units (each a “Unit”) at a price of $0.22 per Unit. 

Each Unit will consist of one common share of the Company (“Shares”) and one transferable common share purchase warrant of the Company (“Warrants”). Each Warrant will entitle the holder to acquire one Share at a price of C$0.30 per Share for a period of three years following the closing of the Private Placement. 

Proceeds raised from the Private Placement will be used to make the Initial Payments, to fund its maintenance and exploration costs on its properties, and for general working capital purposes.

The Private Placement is subject to TSX Venture Exchange approval and all securities issued are subject to a four month hold period. Finder’s fees will be payable in connection with the Private Placement, all in accordance with the policies of the TSX Venture Exchange and applicable securities laws. 

About Barrian Mining Corp.

Barrian Mining Corp. is a gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”. 

Methodology and QA/QC

Drill composites were calculated using a cut-off of 0.20 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths. Drill samples were assayed by ALS Global (ALS) in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. Quality assurance/quality control (QA/QC) for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Barrian and the QP. Barrian detected no significant QA/QC issues during review of the data. Barrian is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.

Qualified Person

The scientific and technical information contained in this news release as it relates to the Kinsley Mountain Gold Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB and a Director of Barrian and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information: 

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director 
Tel: (604) 620-8406
Email: info@barrianmining.com 

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 news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, completing the Private Placement, completing the Consolidation, obtaining TSX Venture Exchange approval for the proposed transaction with Liberty Gold Corp., conducting exploration work on its projects, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

There can be no assurance that the proposed transaction with Liberty Gold will be completed or, if completed, will be successful. 

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. 

Barrian Mining Files Technical Report For The Kinsley Project

Vancouver, British Columbia – February 21, 2020: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to announce that a technical report titled “Technical Report and Updated Estimate of Mineral Resources for the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A.” and dated effective January 15, 2020, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and the policies of the TSX Venture Exchange (the “Exchange”),  has been filed under the Company’s SEDAR profile in connection with the proposed acquisition by the Company of Liberty Gold Corp.’s interest in the Kinsley Mountain gold project (the “Transaction”). 

The Transaction is subject to a number of terms and conditions, including (among other things), closing of a financing and the final approval of the Exchange.    

It is anticipated that trading of the Company’s shares will remain halted until completion of the Transaction. 

About Barrian Mining Corp.

Barrian Mining Corp. is a gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”. 

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information 

Karl Mansour, Paradox IR

Tel: (514) 341-0408

Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director 

Tel: (604) 620-8406

Email: info@barrianmining.com 

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 news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, completing the financing, obtaining TSX Venture Exchange approval for the proposed transaction with Liberty Gold Corp., other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

There can be no assurance that the proposed transaction with Liberty Gold Corp. will be completed or, if completed, will be successful. 

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. 

Barrian Mining Announces Brokered Financing With Sprott Capital Partners

Vancouver, British Columbia – January 30, 2020: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to announce that it has engaged Sprott Capital Partners LP (the “LeadAgent”) as lead agent on its own behalf and, if applicable, on behalf of a syndicate of agents (the “Agents”), for a brokered private placement on a commercially reasonable efforts basis (the “Offering”) of up to 68,181,818 units (“Units”) of the Company at a price of C$0.22 per Unit to raise gross proceeds of up to C$15,000,000. Each Unit will consist of one common share of the Company (“Shares”) and one common share purchase warrant of the Company (“Warrants”). The Company has also granted the Agents an option exercisable for the sale of up to an additional 15% of the Units sold under the Offering, to cover over-allotments, if any.

Each Warrant will entitle the holder to acquire one Share at a price of C$0.30 per Share for a period of three years following the closing of the Offering, provided that if the volume weighted average price of the Shares on the TSX Venture Exchange (the “Exchange”) is equal to or greater than $0.50 for a period of 10 consecutive trading days, the Company may, at its option, elect to accelerate the expiry of the Warrants by providing notice to the holders thereof, in which case the Warrants will expire on the 30th calendar day following delivery of such notice.

Prior to the closing of the Offering, Barrian intends to complete a consolidation on the basis of two (2) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation”).

Net proceeds from the Offering will be used by the Company to make certain payments to Liberty Gold Corp. (TSX: LGD) in connection with the Kinsley Acquisition (defined below), to fund exploration and maintenance costs on its properties and for general working capital purposes. Please see Barrian’s news release dated December 2, 2019 for more information regarding the proposed acquisition by the Company of Liberty Gold Corp.’s interest in the Kinsley Mountain gold project (the “Kinsley Acquisition”).  On January 10, 2020, the Company and Liberty Gold Corp. extended the financing condition in connection with the Kinsley Acquisition to February 28, 2020.

The closing of the Offering is subject to a number of conditions, including but not limited to, approval by the Exchange of the Offering, the satisfaction of the conditions of closing of the Kinsley Acquisition, including final approval by the Exchange of the Kinsley Acquisition and minimum gross proceeds from the Offering of C$7,500,000. 

Agents’ Compensation 

On the closing of the Offering, the Company has agreed to pay the Agents a cash commission equal to 7% (3.5% in respect of a set amount of President’s List purchasers) of the gross proceeds of the Offering and to issue to the Agents non-transferrable warrants (the “Agents’ Warrants”) equal to 7% (3.5% in respect of a set amount of President’s List purchasers) of the aggregate number of Units issued pursuant to the Offering exercisable for the purchase of Units at $0.22 per Unit for a period of two years following the closing of the Offering.

The Units, the Shares and Warrants comprising the Units and the Agents’ Warrants will be subject to a hold period of four months and one day from their date of issue in accordance with applicable securities laws.

About Barrian Mining Corp.

Barrian Mining Corp. is a gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”. 

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information 

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director 
Tel: (604) 620-8406
Email: info@barrianmining.com 

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 news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, completing the Offering, completing the Consolidation, obtaining TSX Venture Exchange approval for the proposed transaction with Liberty Gold Corp., other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

There can be no assurance that the proposed transaction with Liberty Gold will be completed or, if completed, will be successful. 

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. 

Barrian Receives Conditional Approval of Liberty Gold Corp. Transaction

Vancouver, British Columbia: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI/ OTCQB: BARRF/ FSE: BM5) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the “Exchange”) in respect of Barrian’s proposed Fundamental Acquisition (previously announced on December 2, 2019) of Liberty Gold Corp.’s interest in the Kinsley Mountain Gold Project, located in southeast Elko County, Nevada.

In addition, all matters submitted to the shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular, were approved by the requisite majority of votes cast at the annual general and special meeting of shareholders held on December 6, 2019 (the “Meeting”).

About Barrian Mining Corp.

Barrian Mining Corp. is a gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of Barrian and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.   

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information:

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director
Tel: (604) 620-8406
Email: info@barrianmining.com

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 news release.

Forward Looking Information

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, completing the proposed transaction with Liberty Gold Corp., other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

There can be no assurance that the proposed transaction with Liberty Gold Corp. will be completed or, if completed, will be successful.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly.

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Barrian Mining Enters Into Definitive Agreement to Acquire the Kinsley Mountain Gold Project from Liberty Gold

Vancouver, British Columbia – December 2, 2019: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to announce that it has entered into an arm’s length definitive purchase option agreement dated November 29, 2019 (the “Option Agreement”) with Liberty Gold Corp. (TSX: LGD) (“Liberty Gold”), whereby Barrian has been granted the exclusive right to acquire Liberty Gold’s 79.1% interest (the “Option”) in Kinsley Gold LLC (the “JVCO”), a limited liability company holding ownership and leasehold rights in and to 513 unpatented claims and 5 leased patented claims, covering 4,187 hectares, known as the “Kinsley Mountain Project”, located in southeast Elko County, Nevada. 

Kinsley Mountain Project

Kinsley Mountain Project hosts a Carlin-style, sedimentary rock-hosted gold deposit located south of Nevada Gold Mine LLC’s’ Long Canyon deposit, with a stratigraphic and structural setting and gold mineralization similar to other sedimentary rock-hosted gold systems in the underexplored area east of the Carlin Trend in northeast Nevada1.Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Kinsley Mountain Project. Kinsley is host to a past-producing mine with an extensive exploration database, current Mineral Resources, and numerous, untested gold targets. 

The Kinsley Mountain Mineral Resource2 includes the high grade Western Flank zone in addition to near-surface oxide ounces. According to Liberty Gold’s technical report dated effective October 15, 2015 and completed by Michael Gustin, Ph.D, CPG, The Kinsley Mountain Mineral Resource comprises a 5.53 million tonne Indicated Resource containing 405,000 ounces of gold at a grade of 2.27 grams-per-tonne (g/t) gold and a 3.36 million tonne Inferred Resource containing 122,000 ounces gold at a grade of 1.13 g/t gold. A subset of high grade mineralization hosted in the Secret Canyon Shale at the Western Flank zone includes a 1.46 million tonne Indicated Resource containing 284,000 ounces gold at an average grade of 6.04 g/t gold.  At a 3 g/t cut-off grade, most of the resource ounces at the Western Flank remain, including 845,000 tonnes containing 248,000 ounces gold at an average grade of 9.15 g/t gold[1]. To the best of Barrian’s knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure of the mineral resource inaccurate or misleading. 

The Kinsley Mountain Project is held by JVCO, a limited liability company owned 79.1% by Pilot Gold (USA) Inc. (“Pilot”), a wholly owned subsidiary of Liberty Gold, and 20.9% by Intor Resources Corporation, a wholly owned subsidiary of Nevada Sunrise Gold Corp. (TSXV: NEV) (“Nevada Sunrise”), pursuant to a limited liability company agreement of JVCO between Pilot and Intor. Liberty Gold originally purchased the option to earn a controlling interest in the Kinsley Mountain Project in September 2011. Liberty Gold is the project operator of the Kinsley Mountain Project.

Maximilian Sali, CEO and Co-Founder comments, “The acquisition of the Kinsley Mountain gold project from Liberty Gold will give Barrian a NI-43-101 mineral resource with 80 % of this project unexplored to allow for potential further high-grade discoveries. Kinsley has previously produced 138,000 ounces of gold in the mid to late 90s and Liberty has engaged in a number of drill programs since 2015 and we have engaged an independent Qualified Person to complete a NI 43-101 technical report on the project.”

Bradley Telfer, Director and Co-Founder comments, “Kinsley has been an asset of interest for some time and is located directly nearby to the producing Long Canyon Mine owned by Nevada Gold Mines”

Option Agreement 

In order to exercise the Option, Barrian must issue common shares and make certain cash payments as follows: 

  • pay USD$2,500,000 in cash, pay USD$124,570 in respect of certain bonds/insurance relating operations on the Kinsley Mountain Project and issue 2,000,000 common shares (post-Consolidation) of Barrian within 45 days of conditional approval (“Financing Deadline”) by the TSX Venture Exchange (the “Exchange”) of the Option Agreement (“Initial Payments”); 
  • pay USD$2,500,000 in cash and issue 1,000,000 common shares (the “First Anniversary Shares”) of Barrian on or before the first anniversary of conditional Exchange approval of the Option Agreement; and 
  • issue USD$2,500,000 of common shares of Barrian on or before the second anniversary of conditional Exchange approval of the Option Agreement. 

The Initial Payment common shares and the First Anniversary Shares will be subject to a voluntary 12-month hold period from the date of issuance. 

During the term of the Option, Barrian is also required to pay all applicable governmental mining claim maintenance fees that are required to keep the Kinsley Mountain Project in good standing and satisfy Liberty Gold’s proportionate share of expenditure obligations on the Kinsley Mountain Project. These include certain minimum exploration expenditures and advance royalty payments to Nevada Sunrise LLC (“Sunrise LLC”), a private holding company unrelated to Nevada Sunrise, in accordance with an underlying lease agreement in respect of 144 of the 513 total unpatented claims compromising the Kinsley Mountain Project owned by Sunrise LLC. Pursuant to the underlying lease agreement, the Kinsley Mountain Project is subject to a 2% Net Smelter Return royalty (“NSR”) payable to Sunrise LLC (which NSR may be reduced to 1% by paying USD$2,000,000 in cash). 

The five patented claims are subject to a 2% NSR royalty payable by JVCO to Marvil Investments LLC.

Upon Barrian exercising the Option, Liberty Gold shall have a 1% NSR royalty on 79.1% of all proceeds received by Barrian attributable to the production and sale of all products produced from the Kinsley Mountain Project (which NSR may be reduced to 0.5% by Barrian paying USD$500,000 in cash). 

Certain conditions precedent to closing the Option Agreement include: 

  • Barrian having obtained adequate financing to make the Initial Payments to Liberty Gold on or prior to the Financing Deadline; and
  • The right of first refusal (“ROFR”) held by Nevada Sunrise in respect of the transfer by Liberty Gold of its 79.1% interest in Kinsley Gold LLC shall have expired without having been exercised by Nevada Sunrise or Nevada Sunrise shall have waived its rights under the ROFR. 

Prior to closing the proposed transaction with Liberty Gold, Barrian intends to complete a consolidation on the basis of two (2) pre-consolidation shares for one post-consolidation share (the “Consolidation”).

Private Placement Financing

In connection with the Option Agreement, Barrian intends to complete a financing (post-Consolidation) for minimum gross proceeds of C$7,500,000 (the “Financing”). The terms and price of the Financing will be determined by Barrian in the context of the market. 

Proceeds raised from the Financing will be used to make the Initial Payments, to fund its maintenance and exploration costs on its properties, and for general working capital purposes.

The proposed transaction is subject to, among other things, the completion of an updated National Instrument 43-101 – Standards of Disclosure for Mineral Projects Technical Report on the Kinsley Mountain Project, and obtaining all necessary regulatory approvals, including the Exchange. If complete, the proposed transaction will constitute a “Fundamental Acquisition” as such term is defined in Exchange Policy 5.3. The common shares of the Company will remain halted until the Exchange has reviewed the proposed transaction in accordance with Exchange Policy 5.3.

About Barrian Mining Corp.

Barrian Mining Corp. is a new gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”. 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Kinsley Mountain Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of Barrian and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.   Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Kinsley Mountain Project.  

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information 

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director 
Tel: (604) 620-8406
Email: info@barrianmining.com 

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 news release.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, completing the Financing and a technical report, obtaining Exchange approval for the Option Agreement, satisfying the conditions precedent to the Option Agreement, satisfying other payment obligations under the Option Agreement, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

There can be no assurance that the proposed transaction with Liberty Gold will be completed or, if completed, will be successful. 

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. 


[1] The resource estimate for Kinsley was completed by Michael Gustin, Ph.D, CPG, of Mine Development Associates, Inc. (MDA) of Reno, Nevada, an Independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended.  Estimation methods are summarized below. Further details of the estimation methods and procedures are available in a NI 43-101 technical report filed on SEDAR (www.sedar.com). The resource estimate, effective October 15, 2015, includes three separate cut-off grades, reflecting depth from surface, oxidation, and metallurgical considerations.  These include shallow oxidized rock (0.2 g/t Au cut-off); shallow transitional and sulphide mineralization, primarily hosted in the Dunderberg Shale (1.3 g/t Au cut-off), and Secret Canyon Shale-hosted sulphide and transitional mineralization (1.0 g/t Au cut-off).  Cut-off grades assume an open-pit mining scenario, using a pit floor elevation generated using Whittle software, reasonable assumptions for mining and milling costs, and a US$1,300/oz gold price. To the best of Barrian’s knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure of the mineral resources inaccurate or misleading.

Barrian Mining Drills 12.2m of 2.37 g/t Gold Oxide at South Mine Fault Zone and Extends Mineralization At Depth

Vancouver, British Columbia – November 7, 2019: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to report analytical results for the remaining drill holes from the recently completed 1,838 metre reverse circulation (RC) drilling program at its flagship Bolo Gold-Silver Project. Hole BL19-03, located in the South Mine Fault Zone, intersected2.37 grams per tonne (g/t) gold over 12.2 metreswithin a broader envelope of mineralization averaging0.81 g/t gold over 65.5 metres1. These intercepts expand gold mineralization approximately 40 to 50 metres vertically below the previous drilling (Figure 1) and indicates gold mineralization remains open below 150 metres vertical depth on section. The remaining unreported 2019 Bolo drill holes intersected narrow zones of grade gold and/or silver mineralization in step-outs at the South Mine Fault Zone and Uncle Sam Prospect (Table 1).

Maximilian Sali, CEO and Co-Founder comments, “We are delighted with the outcome of our first drilling campaign at Bolo. Mineralization was encountered in each hole, including multiple intercepts producing exceptional gold grade and width for a Carlin-type mineralization in Nevada. The results from the 2019 program demonstrate the tremendous potential for new discoveries at Bolo, both at depth in the known zones and along strike.”

The combined 2019 and historical RC drilling at Bolo defines a 1.2 kilometer north-south trending corridor of gold-silver mineralization containing the South Mine Fault Zone, Uncle Sam, and Northeast Extension zones. Gold mineralization at Bolo exhibits characteristics of classic Carlin-type mineralization, including strong subvertical structural control in addition to evidence of gold mineralization extending laterally at low angles within favorable silty carbonate units.  The relatively untested 500 metre strike length South Mine Fault-Uncle Sam segment is particularly prospective and is expected to be the main focus of Barrian’s 2020 exploration in an effort to prove-out emerging structural and stratigraphic gold targets within the zone (Figure 2).

Figure 1: Bolo Gold Silver Project BL19-03 Drill Section (Showing Resistivity)

Figure 2: Long Section South Mine Fault-Uncle Sam Gold Targets

Table 1: 2019 Bolo Gold-Silver Project RC Drilling – Significant Results

Hole ID(dip/azimuth)ReleasedZoneFrom(m)To(m)Interval (m)1Ag (g/t)Au(g/t) 0.2 cut-off
BL19-01(-65/270)Barrian News ReleaseOctober 28, 2019South Mine Fault  083.883.8 1.37
including21.350.329.0 3.34
and35.147.213.7 4.97
BL19-02(-65/270)Barrian News ReleaseOctober 21, 2019South Mine Fault 48.8134.185.3 1.01
including67.199.132.0 2.01
BL19-03(-50/270)Current News ReleaseSouth Mine Fault134.1199.665.5 0.81
including140.2152.412.2 2.37
BL19-04(-55/270)Barrian News ReleaseOctober 23, 2019South Mine Fault79.3201.2121.9 1.19
including80.8117.436.6 2.10
and 96.0111.315.2 3.25
and187.5199.612.23 3.32
BL19-05(-50/270)Current News ReleaseSouth Mine Fault12.218.36.1 0.30
BL19-06(-45/270)Current News ReleaseSouth Mine Fault21.338.116.8 0.61
including29.036.67.6 0.99
BL19-07(-45/300)Current News ReleaseSouth Mine Fault41.144.23.1 0.27
BL19-08(-45/270)Current News ReleaseSouth Mine Fault108.2109.71.5 0.45
BL19-09(-50/295)Barrian News ReleaseNovember 4, 2019Uncle Sam41.264.022.9274.9 
including57.962.54.62148 
BL19-10(-45/325)Current News ReleaseUncle Sam53.374.721.3224.20.32
including67.174.77.6243.00.52

[1]The true width of mineralization in most drill holes is estimated to be approximately 60-70% of drilled width

2The true width of mineralization at Uncle Sam is unknown

3The true width of the lower gold zone in BL19-04 is unknown

Hole BL19-03 (-50° dip / 270 azimuth) was drilled in the South Mine Fault Zone approximately 30 metres south of hole BL19-02 (see Barrian’s news release dated October 21, 2019) and 30 metres north of hole BL19-04 (see Barrian’s news release dated October 23, 2019) targeting the down-dip extension of previous intercepts drilled by Columbus Gold (later spun-out to Allegiant Gold Ltd.) from hole BL-23, comprising 1.60 g/t Au over 50.3 m, including 4.42 g/t Au over 6.1 m and 4.45 g/t Au over 4.6 m1. BL19-03 intersected oxide gold mineralization 40 to 50 metres vertically below BL-23 within variably altered (silicified and/or oxidized) siliceous siltstones and cherty, silty limestones within the hanging wall Cambrian Windfall Formation and silty dolomites of the Silurian Roberts Mountain Formation.

Holes BL19-05 (-50° dip / 270 azimuth) and BL19-06 (-45° dip / 270 azimuth) were collared in an area of sparse drilling in the southern part of the South Mine Fault Zone, approximately 65 metres and 30 metres south of hole BL19-04, respectively. Both holes intersected visibly altered (silicified and/or oxidized) near-surface zones of gold mineralization within siliceous siltstones and jasperoids of the Windfall Formation. Both holes also encountered deeper zones of silver mineralization, within dolomites of the Roberts Mountain Formation and Ordovician Hanson Creek Formation. Silver mineralization is associated with oxide alteration (+/- silicification) and quartz-carbonate veining, similar to Uncle Sam.

Hole BL19-07 (-45° dip / 300 azimuth) tested the northern strike extension of the South Mine Fault Zone. Visible alteration (silicification and oxidation) was encountered near surface in Windfall Formation siltstones and jasperoids, associated with low-grade gold and silver mineralization. Hole BL19-08 (-45° dip / 270 azimuth) was drilled between the South Mine Fault Zone and Northern Extension Zone. Sporadic oxidation (limonite) was observed; however, no significant gold or silver grades were returned.

Hole BL19-10 (-45° dip / 325 azimuth) was drilled at the Uncle Sam Prospect, targeting the northern extension of silver (+/- gold) mineralization. Similar to BL19-09, mineralization was encountered within visibly altered (silicified and oxidized) and highly quartz (+/- carbonate) veined limestones and dolomites of the Ordovician Antelope Valley Limestone unit. Hole BL19-10 intersected coincident low-grade gold and silver mineralization, comprising 24.2 g/t silver with 0.32 g/t gold over 21.3 metres, including43.0 g/t silver with 0.52 g/t gold over 7.6 metres2.

Methodology and QA/QC

The analytical work reported on herein was performed by ALS Global (ALS), Elko (sample preparation), Reno (gold fire assay) Nevada, and Vancouver (multi-element geochemistry) Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Barrian and the QP. RC drill samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250 gram split to 85% passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30 gram fire-assay (FA) analysis, in addition to 48 element ICP-MS geochemistry. Barrian follows industry standard procedures for the work carried out on the Bolo Gold-Silver Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Barrian detected no significant QA/QC issues during review of the data. Barrian is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. 

About Barrian Mining Corp.

Barrian Mining Corp. is a new gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”. 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Bolo Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, ABand a Director of Barrian, and Christopher Livingstone, P.Geo. (BC) Project Geologist of APEX Geoscience Ltd. of Edmonton, AB, both “Qualified Persons” as defined in National Instrument 43-101 – Standards of Disclosurefor Mineral Projects. Mr. Raffle and Mr. Livingstone verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein. 

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information 

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director 
Tel:(604) 620-8406
Email: info@barrianmining.com 

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 news release.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, the potential exploration program in 2020, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters. 

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. 

Barrian Mining Drills 148 g/t Silver Over 4.6m at Uncle Sam Prospect

Vancouver, British Columbia – November 4, 2019:  Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to report analytical results for from the first, 2019 hole drilled at the Uncle Same Prospect from the recently completed 1,838 metre reverse circulation (RC) drilling program at its flagship Bolo Gold-Silver Project. Hole BL19-09 intersected high-grade silver, yielding 148 g/t silver (1.77 g/t gold equivalent2) over 4.6 metreswithin a broader zone of 74.9 g/t silver (0.90 g/t gold equivalent2) over 22.9 metres. The Uncle Sam Zone lies 500 metres south of the South Mine Fault Zone. A new 2019 rock grab sample collected between the zones yielded 3.63 g/t goldwith 262 g/t silverin outcropin an area with no prior sampling. The new drill hole and surface sample providesopportunity for continuity of mineralization along a 500 metre strike length within the 1.2 kilometre  Bolo Trend. 

Maximilian Sali, CEO and Co-Founder comments, “We are pleased to add another significant intercept that further expands the footprint of silver and gold mineralization. The 2019 drilling program has surpassed our expectations, drilling and surface sampling further reinforces our interpretation that the two zones are connected along strike. The high-grade silver at Uncle Sam Zone may be related to deep silver mineralization at the South Mine Fault Zone. The full strike potential at the Bolo Project has not yet been realized.”

These intercepts extend high grade silver mineralization at Uncle Sam approximately 50 to 75 metres vertically below surface channel rock chip samples, including 3,146 g/t silverand 1.0 g/t goldover2.6 metresand 365 g/t silverand 1.9 g/t gold over 3.6 metres3; and 20 metres north along strike in the subsurface from previous drill hole BL-54, which intersected 94.3 g/t silver over 21.3 metres, including 251 g/t silver over 6.1 metres3. Hole BL19-09, drilled at the Uncle Sam Prospect, intersected high grade silver, yielding 148 g/t silver (1.77 g/t gold equivalent2) over 4.6 metresstarting at 57.9 metres down hole, within a broader zone of 74.9 g/t silver (0.90 g/t gold equivalent2) over 22.9 metresstarting at 41.2 metres down hole3(Figure 1). 

The Uncle Sam Prospect is located 500 metres south and 250 metres vertically below, the South Mine Fault Zone. Modelled RC drill intercepts indicate the presence of a distinct silver (+/- gold) mineralized zone offset approximately 100 to 150 metres west and up to 200 metres below surface within the footwall of the main South Mine Fault gold zone, suggesting the potential for continuity of gold-silver mineralization between Uncle Sam and South Mine Fault Zone. Combined historical and 2019 RC drilling demonstrates the presence of gold-silver mineralization over a 350 metre vertical extent. A new 2019 rock grab sample collected between the South Mine Fault Zone and Uncle Sam yielded 3.63 g/t gold with 262 g/t silver in outcrop. The presence of high-grade mineralization in outcrop between Uncle Sam and South Mine Fault Zone further supports the potential for continuity of mineralization between the zones. 

Table 1: 2019 Bolo Gold-Silver Project RC Drilling – Uncle Sam Zone Hole BL19-09

Hole ID(dip/azimuth)TargetFrom(m)To(m)Interval (m)1Ag (g/t)
BL19-09(-50/295)Down-dip extension of mineralization from surface channel samples41.264.022.9374.9
includingExtends high grade silver at Uncle Sam 50-75 m below surface and 20 m north along strike of previous drill hole BL-54 in subsurface57.962.54.63148

[1]The true width of mineralization in most drill holes is estimated to be approximately 60-70% of drilled width

2Gold equivalent values were calculated at an 83.5 to 1 gold to silver ration, and assuming metallurgical recoveries of 100%

3The true width of mineralization at Uncle Sam is unknown

Hole BL19-09 (-50° dip / 295 azimuth) was drilled at the Uncle Sam Prospect, targeting the down-dip extension of high grade silver in surface channel rock chip samples, including 3,146 g/t silver and 1.0 g/t gold over 2.6 metres and 365 g/t silver and 1.9 g/t gold over 3.6 metres2; and the strike extension of previous intercepts drilled by Allegiant Gold Ltd. from hole BL-54, comprising 94.3 g/t silver over 21.3 metres, including 251 g/t silver over 6.1 metres2. BL19-09 intersected significant silver mineralization 50 to 75 metres below surface and 20 metres north along strike from BL-54 within visibly altered (silicified and oxidized) and highly quartz (+/- carbonate) veined limestones and dolomites of the Ordovician Antelope Valley Limestone unit.

The drilled areas form part of a greater mineralized trend that extends for over 1.2 kilometres along strike. The 2019 Induced Polarization and Resistivity (IP/Res) ground geophysical program generated targets that correspond well with new results. The IP/Res anomalies indicate mineralized areas may extend to depth and along strike, providing additional growth potential across the Bolo Project area.

Figure 1: Bolo Gold Silver Project BL19-09 Drill Section (Showing Resistivity)

Methodology and QA/QC

The analytical work reported on herein was performed by ALS Global (ALS), Elko (sample preparation), Reno (gold fire assay) Nevada, and Vancouver (multi-element geochemistry) Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Barrian and the QP. RC drill samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250 gram split to 85% passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30 gram fire-assay (FA) analysis, in addition to 48 element ICP-MS geochemistry. Barrian follows industry standard procedures for the work carried out on the Bolo Gold-Silver Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Barrian detected no significant QA/QC issues during review of the data. Barrian is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. 

About Barrian Mining Corp.

Barrian Mining Corp. is a new gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization and is fully funded and permitted for its current drill program. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”. 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Bolo Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, ABand a Director of Barrian, and Christopher Livingstone, P.Geo. (BC) Project Geologist of APEX Geoscience Ltd. of Edmonton, AB, both “Qualified Persons” as defined in National Instrument 43-101 – Standards of Disclosurefor Mineral Projects. Mr. Raffle and Mr. Livingstone verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein. 

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information 

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director 
Tel:(604) 620-8406
Email: info@barrianmining.com 

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 news release.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, receipt of additional drill results, expectations of the drill results, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters. 

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits; (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. 

Barrian Mining Drills One Of The Highest-Grade Gold Intercepts To Date At Bolo With 29 Metres Of 3.34 G/T Gold Oxide Within A Broader Intercept Of 84 Metres Of 1.37 G/T Oxide From Surface

Vancouver, British Columbia – October 28, 2019: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to report analytical results for a third drill hole from the recently completed 1,838 metre reverse circulation (RC) drilling program at its flagship Bolo Gold-Silver Project. Hole BL19-01 represents one of the highest-grade gold intercept to date at Bolo, yielding 3.34 grams per tonne (g/t) gold over 29.0 metres, including a higher-grade zone of 4.97 g/t gold over 13.7 metres1. The intercept occurs within a broader envelope of mineralization averaging 1.37 g/t gold over 84 metresstarting from surface1. These intercepts expand the footprint of gold mineralization approximately 35 metres vertically below the previous drilling on section. Mineralization remains open at depth (Figure 1).

Maximilian Sali, CEO and Co-Founder comments, “We are thrilled with the impressive drill results we continue to release at Bolo, which rank very favorably among all other publicly reported Nevada gold drill intercepts this year. The results demonstrate exceptional grade and width figures for Carlin-type oxide gold deposits in Nevada. Barrian’s choice to focus on Nevada was due to its exceptional gold endowment combined with the generally low processing costs of heap-leachable Carlin-type oxide gold deposits. While Bolo is still an early-stage project, achieving one of the highest-grade intercepts to date with hole BL19-01 further reinforces our belief that there is excellent potential to significantly expand the known gold zones and make new discoveries.We continue to look forward to additional results from the South Mine Fault and the Uncle Sam silver gold prospects.” 

Table 1: Significant 2019 Bolo Gold-Silver Project RC Drilling Results to Date

Hole ID(dip/azimuth)ReleasedTargetFrom(m)To(m)Interval (m)1,2Au(g/t) 0.2 cut-off
BL19-01(-65/270)Current News ReleaseDown-dip extension of mineralization in previous drill hole BL-39083.883.81.37
Including One of the highest grade gold intercepts to date at Bolo extends gold mineralization 35 m vertically21.350.329.03.34
and 35.147.213.74.97
BL19-02(-65/270)Barrian News Release October 21, 2019Down-dip extension of mineralization in historical hole BL-38; extends gold mineralization 60 m vertically48.8134.185.31.01
including 67.199.132.02.01
BL19-04(-55/270)Barrian News Release October 23, 2019Down-dip extension of mineralization in historical hole BL-2979.3201.2121.91.19
including Upper gold zone extends approximately 25-40 m vertically down from BL-29 with improvement in grade versus BL-2980.8117.436.62.10
and  96.0111.315.23.25
and New Discoverydeep gold zone intersected 200 m below surface187.5199.612.23.32

[1]The true width of mineralization in most drill holes is estimated to be approximately 60-70% of drilled width.

2The true width of the lower gold zone in BL19-04 is unknown.

Hole BL19-01 (-65° dip / 270 azimuth) was drilled in the South Mine Fault Zone approximately 30 metres north of hole BL19-02 (see Barrian’s news release dated October 21, 2019) and 90 metres north of hole BL19-04 (see Barrian’s news release dated October 23, 2019) targeting the down-dip extension of previous intercepts drilled by Columbus Gold (later spun-out to Allegiant Gold Ltd.) from hole BL-39, comprising 1.62 g/t Au over 54.9 m, including 3.28 g/t Au over 15.2 m and 2.03 g/t Au over 7.6 m1. BL19-01 intersected Carlin-style oxide gold mineralization from surface and approximately 35 metres vertically below BL-39 within visibly altered (silicified and oxidized) jasperoids, siliceous siltstones and cherty limestones within the hanging wall Cambrian Windfall Formation. The intensity of alteration decreases after 60 metres down hole, but remains continuous to 91 metres. Weak alteration is observed locally past 90 metres into the footwall Silurian Roberts Mountain Formation dolomite.

Prior to BL19-01, the highest-grade intercept drilled at Bolo was from hole BL-38 (located 30 metres south-southwest of BL19-01), comprising 3.24 g/t gold over 30.5 metres, including 5.08 g/t gold over 12.2 metres1. The intercepts from both holes are near identical in width and grade, and both holes were drilled west (270 azimuth) at a -65° dip.

Barrian anticipates additional drill results over the coming weeks for the other seven (7) drill holes. The remaining unreported drill holes include significant mineralized intersections that will provide potential to expand the South Mine Fault Zone and Uncle Sam Zone. The drilled areas form part of a greater mineralized trend that extends for over 1.2 kilometres along strike. The 2019 Induced Polarization and Resistivity (IP/Res) ground geophysical program generated targets that correspond well with new results. The IP/Res anomalies indicate mineralized areas may extend to depth and along strike, providing additional growth potential across the Bolo Project area.

Figure 1: Bolo Gold Silver Project BL19-01 Drill Section (Showing Resistivity)

Methodology and QA/QC

The analytical work reported on herein was performed by ALS Global (ALS), Elko (sample preparation), Reno (gold fire assay) Nevada, and Vancouver (multi-element geochemistry) Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Barrian and the QP. RC drill samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250 gram split to 85% passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30 gram fire-assay (FA) analysis, in addition to 48 element ICP-MS geochemistry. Barrian follows industry standard procedures for the work carried out on the Bolo Gold-Silver Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Barrian detected no significant QA/QC issues during review of the data. Barrian is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. 

About Barrian Mining Corp.

Barrian Mining Corp. is a new gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization and is fully funded and permitted for its current drill program. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian also has the option to acquire 100% of the previously producing Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”.

Qualified Person

The scientific and technical information contained in this news release as it relates to Barrian’s Projects have been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, ABand a Director of Barrian, and Christopher Livingstone, P.Geo. (BC) Project Geologist of APEX Geoscience Ltd. of Edmonton, AB, both “Qualified Persons” as defined in National Instrument 43-101 – Standards of Disclosurefor Mineral Projects. Mr. Raffle and Mr. Livingstone verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein. 

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information 

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director 
Tel:(604) 620-8406
Email: info@barrianmining.com 

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 news release.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, receipt of additional drill results, expectations of the drill results, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters. 

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. 

Barrian Mining Makes New Gold Discovery and Intersects 122m of 1.2g/t Gold Oxide Extending Mineralization to 200m Vertical Depth

Vancouver, British Columbia – October 23, 2019: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to report that it has intersected two high-grade gold zones in recently completed drill hole BL19-04: an upper gold zone of 2.10 grams-per-tonne (g/t) gold over 36.6 metresstarting at 80.8 metres down hole,including 3.25 g/t gold over 15.2 metres starting at 96.0 metres down hole; and a lower gold zone of 3.32 g/t gold over 12.2 metresstarting at 187.5 metres down hole1. The upper and lower zones occur within a broader envelope of mineralization averaging 1.19 g/t gold over 122 metresstarting at 79 metres down hole1. The results extend gold mineralization on section from surface to a vertical depth of 200 metres, and remains open at depth. Hole BL19-04 was drilled during the recently completed 1,838 metre reverse circulation (RC) drilling program at the Company’s flagship Bolo Gold-Silver Project, located in Nye County, Nevada, USA. The Company has received full gold fire and multi-element analytical results from ALS Global for hole BL19-04, which was drilled to a total depth of 201 metres.

The upper gold zone extends the footprint of gold mineralization between 25 and 40 metres vertically below the previous drilling on section (Figure 1)At 200 metres below surface, the lower gold zone represents the deepest gold intercept in current or historic drilling and is among the highest-grade gold intercepts reported to date at Bolo. The lower zone is considered to be a new discovery, and of high priority for follow up drilling. Both zones remain open at depth and the lower zone is also open along strike.

Maximilian Sali, CEO and Co-Founder comments, “We are very excited about the discovery of a new gold zone in hole BL19-04, the deepest high-grade gold intercept to date at Bolo. We believe this intercept shows the potential for the discovery of additional new zones of gold mineralization at depth and throughout the Bolo Property. Something to note is that this is only the second batch of results back with eight more holes pending.”

Hole BL19-04 (-55° dip / 270 azimuth) was drilled in the South Mine Fault Zone approximately 60 metres south of hole BL19-02 (see Barrian’s news release dated October 21, 2019) targeting the down-dip extension of previous intercepts drilled by Columbus Gold (later spun-out to Allegiant Gold Ltd.) from hole BL-29, comprising 0.65 g/t Au over 62.5 m, including 1.55 g/t Au over 6.1 m and 1.80 g/t Au over 7.6 m1. BL19-04 intersected Carlin-style oxide gold mineralization in an upper mineralized zone between 25 and 40 metres vertically below BL-29, in visibly altered (silicified and oxidized) siltstones and cherty limestones within hanging wall Cambrian Windfall Formation and footwall Silurian Roberts Mountain Formation dolomite. The zone is associated with highly anomalous pathfinder element (arsenic and antimony) concentrations from the on-site x-ray fluorescence (XRF) analysis and laboratory multi-element analysis. The upper zone corresponds with the down-dip projection of the BL-29 intercept, with a significant improvement in gold grade and continuity.

A second, lower mineralized zone was intersected at depth approximately 200 m below surface, representing the deepest high-grade gold zone intercepted in current or historic drilling at Bolo to date. The lower zone occurs towards the end of hole BL19-04, and was not expected based on previous drilling; however, the zone corresponds well with a conductive anomaly identified by the 2019 IP/Res survey. The zone is hosted within Silurian Roberts Mountain Formation dolomite, and is associated with localized weak to moderate alteration (silicification and oxidation) and more muted pathfinder element (arsenic and antimony) concentrations from XRF analysis and laboratory multi-element analysis. The lower zone is considered to be a new discovery, and high-priority for follow up drilling.

Barrian anticipates additional drill results over the coming weeks for the other eight (8) drill holes. The remaining unreported drill holes include significant mineralized intersections that will provide potential to expand the South Mine Fault Zone and Uncle Sam Zone. The drilled areas form part of a greater mineralized trend that extends for over 1.2 kilometres along strike. The 2019 Induced Polarization and Resistivity (IP/Res) ground geophysical program generated targets that correspond well with new results. The IP/Res anomalies indicate mineralized areas may extend to depth and along strike, providing additional growth potential across the Bolo Project area.   

Figure 1: Bolo Gold Silver Project BL19-04 Drill Section (Showing Resistivity)

[1]The true width of mineralization is estimated to be approximately 60-70% of drilled width for the upper gold zone. The true width of the lower gold zone is unknown.

Methodology and QA/QC

The analytical work reported on herein was performed by ALS Global (ALS), Elko (sample preparation), Reno (gold fire assay) Nevada, and Vancouver (multi-element geochemistry) Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Barrian and the QP. RC drill samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250 gram split to 85% passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30 gram fire-assay (FA) analysis, in addition to 48 element ICP-MS geochemistry. Barrian follows industry standard procedures for the work carried out on the Bolo Gold-Silver Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Barrian detected no significant QA/QC issues during review of the data. Barrian is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. 

About Barrian Mining Corp.

Barrian Mining Corp. is a new gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization and is fully funded and permitted for its current drill program. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”. 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Bolo Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, ABand a Director of Barrian, and Christopher Livingstone, P.Geo. (BC) Project Geologist of APEX Geoscience Ltd. of Edmonton, AB, both “Qualified Persons” as defined in National Instrument 43-101 – Standards of Disclosurefor Mineral Projects. Mr. Raffle and Mr. Livingstone verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein. 

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information 

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director 
Tel:(604) 620-8406
Email: info@barrianmining.com 

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 news release.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, receipt of additional drill results, expectations of the drill results, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters. 

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.