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Miramont Encounters Significant Mineralization at Cerro Hermoso

Vancouver, British Columbia--(Newsfile Corp. - April 12, 2019) - Miramont Resources Corp. (CSE: MONT) (OTCQB: MRRMF) (FSE: 6MR) ("Miramont" or the "Company") is pleased to announce it has received final assays from its 3,679-meter diamond drill program at its Cerro Hermoso polymetallic project located in southern Peru. Results include 249 m of 0.68 gpt Au equivalent including 1.95 m of 28.4 gpt Au equivalent in hole CH-009 (please refer to a table of results below and a nearby plan map showing the location of drill holes).

Highlights:

Dr. Quinton Hennigh, Miramont's Chairman said: "First pass drilling has confirmed the presence of a large mineralized system at Cerro Hermoso. Mineralization within the Central Breccia Zone appears open to the northeast, east and southeast as well as at depth. A nearby magnetic anomaly suggests the system is driven by a buried intrusion. Over the coming weeks we plan to compile, review and interpret all data from the latest program."

The table below presents anomalous intercepts in all nine diamond drill holes completed at Cerro Hermoso. Some intercepts from holes CH-001 through CH-006 were previously reported in a news release dated March 28, 2019.

Hole IDFrom (m)To (m)Length
(m)
Au (gpt)Ag (gpt)Zn (%)Pb (%)Cu (%)Au eq
(gpt)
CH-00131.8035.303.500.028.50.030.120.120.39
CH-0022.405.202.800.0139.20.050.050.030.60
CH-0031.303.302.00<0.0167.70.060.170.010.97

32.9034.101.200.027.30.050.330.070.41

107.00111.004.00<0.0121.30.130.060.010.40
CH-00417.0051.0034.000.054.20.070.040.010.18

121.00125.004.000.883.40.160.400.021.25

141.80143.701.900.11216.60.040.010.012.82

156.70159.602.901.153.10.100.160.031.38
CH-00535.0039.004.000.193.70.090.06<0.010.33

73.0075.002.000.471.20.060.07<0.010.56

95.00105.0010.000.190.90.100.050.010.31

129.00133.004.000.150.90.210.080.010.36

174.50178.504.000.010.60.070.17<0.010.15

228.00232.004.000.110.90.150.080.010.28

256.00262.006.000.051.50.150.08<0.010.21

378.00423.0045.000.031.50.400.480.020.58
CH-00634.0036.002.000.1310.40.110.110.020.42

96.4098.001.600.14110.00.160.270.041.79

308.00316.508.502.741.40.140.170.022.97
includes315.00316.501.5014.756.10.610.580.1115.69
CH-007125.80172.0046.200.020.50.100.05<0.010.12

184.00190.006.000.02<0.50.320.11<0.010.30

200.00202.152.150.361.40.040.020.130.62

265.70267.702.000.332.60.400.670.051.03
CH-00890.2091.801.600.5656.30.040.030.021.33

134.80136.001.200.22350.00.160.300.365.33
CH-00921.8085.0063.200.182.00.120.080.010.34

103.00352.00249.000.266.20.340.170.020.68
includes153.55155.501.9517.65658.01.111.221.0428.70

393.50452.50*59.000.021.10.370.290.010.44

 

* End of hole

Au eq calculated using 81.25 gpt Ag = 1 gpt Au, 1.4237% Zn = 1 gpt Au, 2.1518% Pb = 1 gpt Au, 0.6485% Cu = 1 gpt Au)

Analytic Protocols and QA/QC

Assays were completed first by SGS and then by ALS Laboratories in Peru. Future samples will be analyzed by ALS as primary laboratory. Miramont follows rigorous sampling and analytical protocols that meet industry standards. Core samples are stored in a secured area until transport in batches to either SGS or ALS prep labs in Arequipa, Peru. Sample batches include certified reference materials, blanks, and duplicate samples are then processed under the control of ALS or SGS. ALS samples are analyzed using the ME-ICP61 (a technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 gpt. Over limit silver, copper, lead and zinc are analyzed using the OG-62 procedure. SGS samples are analyzed using the ICP 40B method while gold is analyzed by FAA515. Over limit silver, copper, lead and zinc are analyzed using the AAS41B procedure.

National Instrument 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Dr. Quinton Hennigh, P.Geo., Chairman of Miramont and a Qualified Person as defined by National Instrument 43-101.

About Miramont Resources Corp.

Miramont is a Canadian based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. Miramont's two key projects are Cerro Hermoso and Lukkacha, both located in southern Peru. Cerro Hermoso is a diatreme-hosted copper dominant polymetallic prospect. Lukkacha is a classic copper-porphyry prospect.

On behalf of the Board of Directors,
MIRAMONT RESOURCES CORP.

"Quinton Hennigh"

Quinton Hennigh, Chairman

For more information, please contact the Company at:
Telephone: (604) 398-4493
Facsimile: (604) 815-0770
info@miramontresources.com
www.miramontresources.com

Reader Advisory

This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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