Barrian Mining Defines +1 Km Geophysical Anomaly and Identifies New High Priority Drill Targets At The Bolo Gold Property

Vancouver, British Columbia – May 24, 2019: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI) (FSE: BM5) is pleased to announce that the recently completed induced-polarization (IP) and resistivity geophysical survey completed at the Bolo Gold Property (“Bolo”) has identified multiple high-priority anomalies that warrant follow-up reverse circulation (RC) drill testing. The new anomalies and drill-indicated zones have provided a +1.1 kilometre strike length geophysical signature. These zones show potential to be inter-connected and display features of multiple sub-parallel zones along the Mine Fault Trend.    

Max Sali, Chief Executive Officer stated, “We are very encouraged by the positive results of the recently completed geophysical survey. The results have exceeded our expectations and define multiple high priority resistivity anomalies that warrant immediate drill testing at depth below the South Mine Fault Zone, and along strike towards the Northern Extension Zone”.  

The IP/resistivity survey completed at Bolo comprised 10.2 line-km over 9 lines targeting the “Mine Fault” and other mineralized structures that host the Uncle Sam, South Mine Fault (SMF) and Northern Extension (NEX) mineralized zones. The survey extends 1,100 metres north to south, covering an area of approximately 135 hectares. The anomalous geophysical signatures have provided an essential tool for drill planning and positioning during the fully funded summer drill program. The program will include step-out and infill drilling to extend gold-silver mineralization across the 1.1 kilometre trend. All zones remain open in all directions and require drill testing. 

Highlights of the IP/resistivity survey reveal the presence of a well-defined linear conductive anomaly coincident with previously RC drilled gold and silver mineralized zones and Mine Fault trend. The conductive anomaly ranges in width from 100-200 metres and extends vertically from between 250 metres and 400 metres depth, the limit of the geophysical inversion. The geophysical survey defines numerous high-priority drill targets at depth below the SMF Zone; over the 600 metre untested strike length between the SMF and Uncle Sam Prospect; and along the largely untested 500 metre strike length area between the SMF and NEX zones. In addition, a number of untested conductive anomalies occur with the prospective west-side footwall of the Mine Fault (Figure 1 Plan).

The SMF Zone, which returned RC drill intercepts of 3.24 grams-per-tonne (g/t) gold over 30.5 metresfrom a downhole depth of 44.2 metres, within a broader zone of mineralization averaging 1.28 g/t gold over 133 metres* from surface (Drill Hole BL-38), is coincident with an approximately 150 metre wide subvertical conductive anomaly that extends to a vertical depth of 250 metres a distance of 100 metres below the deepest RC drill intercept (Figure 2 Section). 

Plan Map (Figure 1)

The plan map provides anomalous geophysical signatures across multiple gold-silver drill indicated zones and shows areas for extension. 

TheUncle Sam Prospect, which yielded high-grade silver plus gold 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 metres**, is associated with an approximately 100 metre wide conductive zone representing the Mine Fault. Modelled RC drill intercepts at Uncle Sam and South Mine Fault Zone, located 600 metres to the north and 200 metres vertically above, indicate the presence of a distinct silver mineralized zone offset approximately 200 metres to the west within the footwall of the main SMF gold zone.

From the SMF footwall conductive anomalies occur on successive lines northward to the NEX beneath massive dolomite cover rocks. Importantly, north of the SMF gold zone the geophysical results indicate previous RC holes often failed to drill across or did not adequately test the Mine Fault conductive anomaly.

Section Map (Figure 2)

The section map provides anomalous geophysical signatures across the South Mine Fault Zone.

* The true width of mineralization is estimated to be approximately 50% of drilled width.

** The true width of mineralization at Uncle Sam is unknown. For full descriptions of the Bolo Property mineralized intercepts see: Technical Report on the Bolo Property, Nye County, Nevada, USA effective date October 5, 2018 available at www.sedar.com

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 90km northeast of Tonopah Nevada, hosts Carlin type gold mineralization and is fully permitted for upcoming exploration programs including drilling. Notable historical drill results include 1.28 g/t gold over 133 metres from surface. 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 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”, and on the German (Frankfurt) exchanges using the ticker symbol “BM5”. 

Geophysical Survey Details

The 2019 Bolo Gold Property IP/resistivity geophysical survey was completed by Las Vegas, NV based KLM Geoscience LLC, using a pole-dipole array and combination of 50 m and 100 m dipole “a” spacing. Line lengths ranged from 0.9 to 1.5 km line length.  Line spacing ranged from 75 m in the SMF area to 300 m elsewhere.

Qualified Person

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

On behalf of the Board of Directors

s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information

For more information, please contact: 

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” within the meaning of applicable securities law, including without limitation, the Company’s plans and timing for its properties/projects, other statements relating to the technical, financial and business prospects of the Company, 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 Announces Frankfurt Stock Exchange Listing

Vancouver, British Columbia, Canada, May 16, 2019 – Barrian Mining Corp. (the “Company”) (BARI: TSX-V / BM5: FSE) is pleased to announce that its common shares now trade on the Frankfurt Stock Exchange under the symbol “BM5”.  

The listing on the Frankfurt Stock Exchange in addition to the TSX-V will heighten exposure of the Company in this major marketplace with its knowledgeable investor base traditionally very active in the junior mining sector.  

The Company is confident that trading on the Frankfurt Stock Exchange will add to its liquidity and continue to build a stronger European investor awareness base.

Update on OTCQB Listing 

The Company has begun the process of listing its shares on the OTC Markets. The Company believes that having an OTCQB listing will allow US investors to participate in the building of its Nevada and New Mexico assets.

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 Property, located 90km northeast of Tonopah Nevada, hosts Carlin type gold mineralization and is fully permitted for upcoming exploration programs including drilling. Notable historical drill results include 1.28 g/t gold over 133 metres from surface (true width of mineralization is estimated to be 50% of drilled width). In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon mining district of New Mexico. 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” and on the Frankfurt stock exchange under the ticker “BM5”

Qualified Person

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

Contact Information

For more information, please contact: 

Max Sali
Chief Executive Officer & Director 
Tel: (604) 620-8406 or 1-855-210-4846
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” within the meaning of applicable securities law, including without limitation, the Company’s plans and timing for its properties/projects, increase liquidity of the shares, listing on the OTC Markets, other statements relating to the technical, financial and business prospects of the Company, 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 Corp. Provides Update on Bolo Work Program

Vancouver, British Columbia, Canada – Barrian Mining Corp. (the “Company” or “Barrian”) (BARI: TSX-V) is pleased to provide an operational update at its flagship Bolo Gold Property (“Bolo”) in Nevada.

Barrian has recently completed its induced polarization and resistivity (IP/RES) survey at Bolo.  The survey comprised a total of approximately 11 line-km over 9 lines targeting the “Mine Fault” and other mineralized structures that host the Uncle Sam, South Mine Fault and Northern Extension mineralized zones. The Company expects to receive final inverted data from the geophysical contractor, Las Vegas Nevada-based, KLM Geoscience LLC within the next week, and will issue further news following data interpretation by APEX Geoscience LTD (“APEX”) and Barrian Director and qualified person Kris Raffle, P.Geo. The data will provide additional drill positioning and target locations for the upcoming 2019 exploration program. 

Maximilian Sali, CEO comments, “Barrian remains on schedule and on budget in preparation for our summer drill program of around 1800 metres where previous drill results have shown mineralization from surface. We are currently awaiting dates from the landowner to provide accommodations to the drill team on site which will save significant costs instead of commuting back and forth from Tonopah in terms of time, fuel and hotel expenses. With the geophysics completed we look forward to releasing the results of this program in the following week followed by our drilling program schedule.”

Drill Permits and Water Rights

All necessary permits have been confirmed to be in good standing. The Company is currently relying on an approved United States Department of Agriculture (USDA) Forest Service Plan of Operations (PoO) for Mining Activities issued September 27, 2012 to Allegiant Gold (U.S.) Ltd., the optionor of Bolo. The current plan allows for drilling of up to 3 reverse-circulation (RC) or core holes on up to 79 drill sites, in addition to the construction up to 7.6 km of new temporary access roads (approx. 7.6 hectares total disturbance), and improving 1.3 km if existing roads (Phase I). The approved plan also allows for further road construction in subsequent phases of up to 25 km and up to 4 drill staging areas (approx. 28 hectares total disturbance) over an estimated project life of a maximum of 10 years. It is a condition of the permit that all project related disturbances be reclaimed at the end of the project life.

In addition to being fully permitted for the upcoming drill program Barrian has signed a contract with a nearby property owner and water rights holder to provide water / water hauling services sufficient for all planned 2019 drilling activities. 

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 90km northeast of Tonopah, Nevada, hosts Carlin type gold mineralization and is fully permitted for upcoming exploration programs including drilling. Notable historical drill results include 1.28 g/t gold over 133 metres from surface. 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 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”.

Qualified Person

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

Contact Information

For more information, please contact: 

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” within the meaning of applicable securities law, including without limitation, the Company’s plans and timing for its properties/projects, receipt of further geophysical data, planned drilling of Bolo, other statements relating to the technical, financial and business prospects of the Company, 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 Commences Trading On The TSX Venture Exchange Under The Symbol ‘BARI’ And Provides Operational Update

Vancouver, British Columbia – April 29, 2019: Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V:BARI) is pleased to announce that the common shares of Barrian commence trading today on the TSX Venture Exchange under the trading symbol “BARI”. As announced on April 24, 2019, the IPO raised aggregate gross proceeds of $2,672,400.

Barrian is currently finalizing 2019 exploration plans at its flagship Bolo Gold Property which will include surface geochemical sampling and mapping, geophysics, and drilling. The Company will provide additional news updates over the coming weeks. Barrian’s catalyst for growth will include expanding the existing mineralized zones and targeting of new discovery zones. The Company will focus on expanding previous South Mine Fault area drill intercepts that included 3.24 grams-per-tonne (g/t) gold over 30.5 metres from a downhole depth of 44.2 m, within a broader zone of mineralization averaging 1.28 g/t gold over 133 metres* from surface (Drill Hole BL-38).  

Barrian’s geological consultants, APEX Geoscience Ltd. (“APEX”) are in the final stages of producing a comprehensive digital compilation and three dimensional (3D) model incorporating historic exploration work at Bolo, including detailed geological mapping, over 1,000 rock and trench samples, more than 13,000 metres of drilling data, and newly acquired high-resolution satellite imagery and digital surface model. This new geological analysis and data reinterpretation will guide the exploration going forward which management believes will be key to unlocking much more value at the project.

In addition, the Company is pleased to announce that an Induced Polarization and Resistivity (IP/RES) survey is currently underway at the Bolo Gold Property, targeting the “Mine Fault” and other mineralized structures that host the Uncle Sam, South Mine Fault and Northern Extension mineralized zones. The survey extends 1,100 metres north to south, covering an area of approximately 135 hectares. The Company expects the IP/RES survey to be complete by the end of April.

The upcoming 2019 drilling program will focus on extending mineralization along the Mine Fault and parallel mineralized structures, stepping out from the South Mine Fault Zone towards the Northern Extension zone and south towards the Uncle Sam prospect. Previous drill intercepts at Uncle Sam included 106.9 g/t silver over 12.2 metres from a downhole depth of 71.6 metres, within a broader zone of 42.2 g/t silver over 83.8 metres** from surface. Channel rock chip sampling at Uncle Sam returned high grade silver plus gold assays including 3,146 g/t silver with 1.0 g/t gold over 2.6 metres, and 365 g/t silver with 1.9 g/t gold over 3.6 metres**.

Max Sali, Chief Executive Officer, stated, “We are very pleased to introduce Barrian Mining Corp. to the capital markets and investment community. We’ve assembled an aggressive and experienced team who share a vision to realize the significant potential of our project base including our flagship Bolo Gold Property in Nevada, one of the world’s most prolific regions for mining precious metals. Our geological team brings years of focused expertise in Nevada and we believe that previous results have only just scratched the surface at Bolo. With a new look and strategy going forward at the project, we are excited to conduct the next phases of exploration including an upcoming drill program this summer.”

* The true width of mineralization is estimated to be approximately 50% of drilled width.

** The true width of mineralization at Uncle Sam is unknown. For full descriptions of the Bolo Property mineralized intercepts see: Technical Report on the Bolo Property, Nye County, Nevada, USA effective date October 5, 2018 available at www.sedar.com

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 90km northeast of Tonopah Nevada, hosts Carlin type gold mineralization and is fully permitted for upcoming exploration programs including drilling. Notable historical drill results include 1.28 g/t gold over 133 metres from surface. 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 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.” 

Qualified Person

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

Contact Information

For more information, please contact: 

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” within the meaning of applicable securities law, including without limitation, the Company’s plans and timing for its properties/projects, other statements relating to the technical, financial and business prospects of the Company, 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 Corp. Completes IPO And Announces Listing On The TSX Venture Exchange

Vancouver, British Columbia:  Barrian Mining Corp. (the “Company”) is pleased to announce that the Company completed its initial public offering (“IPO”) of 13,362,000 common shares of the Company (“Shares”) at a price of $0.20 per Share for aggregate gross proceeds of $2,672,400. The Shares were listed on April 24, 2019 on the TSX Venture Exchange (the “Exchange”) and are expected to commence trading on the Exchange on or about Monday, April 29, 2019 under the trading symbol “BARI”.

Haywood Securities Inc. (the “Agent”) acted as exclusive agent in respect of the IPO on a commercially reasonable efforts basis. Pursuant to the IPO, the Agent received a cash commission and an aggregate of 927,960 non-transferable compensation options entitling the Agent and members of its selling group to purchase 927,960 Shares at $0.20 per Share at any time until April 24, 2021. The Agent also received a corporate finance fee.

The net proceeds of the IPO will primarily be used to fund the acquisition of and exploration expenditures on the Company’s Bolo Property, consisting of 187 unpatented lode mining claims and 1 patented lode mining claim situated in Nye County, Nevada, USA (the “Bolo Property”), on which the Company has an option to acquire up to a 75% interest from Allegiant Gold Ltd. (the “Optionor”) pursuant to an option agreement dated June 27, 2018, as amended on October 24, 2018, December 14, 2018 and March 12, 2019, between the Company and the Optionor (the “Option Agreement”), as well as for expenses of the IPO, general and administrative costs for the next twelve months, and general working capital purposes.

Upon closing of the IPO (the “IPO Closing”), the Company has 40,192,000 Shares issued and outstanding as of the date hereof, of which 5,700,000 Shares are subject to escrow, released 10% on the IPO Closing with an additional 15% released every six months over a 36-month period, and 21,130,000 Shares are subject to escrow, released 20% on the IPO Closing with an additional 20% released every month over a 4-month period. An aggregate 3,345,500 Shares were issued to the Optionor (the “Optionor Shares”) immediately following the IPO Closing as initial share payments pursuant to the Option Agreement and the option agreement dated June 19, 2018, as amended on December 14, 2018 and March 12, 2019, between the Company and the Optionor with respect to the Company’s Mogollon Property. The Optionor Shares are subject to a statutory hold period of four months and one day from the date of issuance.

Additional information on the Company, the IPO and the Bolo Property, can be found in the Company’s amended and restated long form prospectus dated April 4, 2019 as filed on SEDAR at www.sedar.com (the “Prospectus”).

About Barrian Mining Corp.

Barrian Mining Corp. is a mineral exploration company focused on the exploration and development of gold properties with its primary focus on the Bolo Property located in Nevada, USA.

Contact Information

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

The securities offered pursuant to the IPO have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements

This press release contains “forward‐looking information or statements” within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to the date of first trading in the Company’s common shares and its future business plans. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, fluctuations in metal and commodity prices, market prices, failure to obtain permits, and continued availability of capital and financing, and general economic, market or business conditions. In particular, there is no guarantee that exploration work, as proposed, or otherwise, will be completed on the Bolo Property. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s final long form prospectus dated April 4, 2019 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither 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 release.