July 20th, 2015 – Toronto, Ontario – Matica Enterprises Inc. (MMJ – CSE) (39N – Frankfurt) (MQPXF – OTC) (“Matica” or the “Company”) is pleased to announce that its wholly owned subsidiary Ravenline Exploration Ltd. (“Ravenline”) has completed systematic field work and prospecting and has evaluated its suite of graphite projects near Reno, Nevada, collectively known as the Grumpy Lizard Project. These initial studies have demonstrated the presence of flake graphite in concentrations up to seven percent in areas controlled by the Company. Polished thin sections as prepared by Wagner Petrographics of Linden, Utah were provided to Larry Garside M.S.Geo. for microscopic examination. Mapping and sampling have confirmed three distinct target zones in the area, all with confirmed presence of flake graphite. Two of the selected target areas lie within 60 km of the Gigafactory battery plant being built in Reno, and the third lies about 180 km away. Other zones have been eliminated as Ravenline further refines its area of future exploration. The Company is very encouraged by these results and will continue to evaluate lands selected for further work based on geological mapping, sampling and petrographic studies conducted by Larry Garside M.S.Geo. Ravenline is planning further exploration including an airborne electromagnetic survey map to outline the key target zones.
Some of these prospects are in the Austin area, near but distinct from sites in which US Bureau of Mines publications have noted the presence of graphite seams. Some are peripheral to a major carbonaceous hornfels complex in which previous work has documented only low grade amorphous graphite but a large volume of carbon-enriched protolith. The key target environments are peripheral to a large, coarse grained granitic complex in carbon-rich bands intercalated with barren more silica-rich beds. Graphite flake size is closely related to local styles of deformation and proximity to the granitoid contact. The Ravenline work program has documented the first known flake graphite documented to date in this region.
Matica Enterprises CEO, Boris Ziger states: “These initial results are very encouraging and confirm that we are in the right area for flake graphite. Matica’s resource subsidiary, Ravenline, hopes to establish itself as a low cost producer and more importantly, a low transportation cost producer in a region that seems destined to become a new hub of high tech manufacturing, with flake graphite as one of its essential raw materials.”
This disclosure and the technical information herein have been prepared by David Bending, M.Sc., P.Geo., a Qualified Person pursuant to NI 43-101. Mr. Bending is a Matica shareholder and consultant to the company.
In addition to the Grumpy Lizard project, Ravenline’s Buckingham Graphite project is comprised of 22 claims in Buckingham Township in the Grenville Province in south-western Quebec, a well-known historic graphite producing area. Buckingham and adjacent Lochaber townships have been the scene of much exploration activity with discoveries of large flake graphite. Large flake graphite can be used to produce high value spherical graphite for use in Li-ion batteries like the type used to power electric automobiles.
About Matica Enterprises Inc.
Matica Enterprises currently holds a fifty percent interest in THC Dispensaries, Inc (“THCD”), a Nova Scotia applicant under the Marijuana for Medical Purposes Regulation (“MMPR”). THC Dispensaries has received a “Ready To Build” letter from Health Canada and is awaiting a pre-licence inspection by Health Canada as a requirement for becoming a Licensed Producer under MMPR. This brand new, free standing marijuana growing operation sits on 20 acres of land in the town of Antigonish, NS. For more information on Matica Enterprises please visit the website at: www.westislandbrands.com.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
For further information, please contact Boris Ziger, Chief Executive Officer, at:
Disclaimer for Forward-Looking Information
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
This news release contains statements about the Company’s information that will be made available on the S&P Capital IQ Corporation Records Listing Program and the business of Matica, specifically any potential licensing under the MMPR, that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to receive its Licensed Producer designation for any reason whatsoever. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
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