Minfocus Exploration Announces more High-Grade Zinc Samples from Peregrine Zinc Property, AGM Results and Appointment of Director

Toronto - Minfocus Exploration Corp. (TSX-V: MFX) (“Minfocus”) is pleased to announce that analyses of samples collected from the Peregrine Zinc Property during the most recent fieldwork in October 2017 has returned more high-grade samples containing up to 10.7% Zinc+Lead combined.


Results of October 2017 Program at Peregrine Zinc Project

The analytical results from recent additional samples collected in October at the Peregrine Zinc Property have identified zinc mineralization in an area more than 1,400 metres, west-southwest along strike from the area that was reported previously to have samples with values of up to 35.9% Zinc as announced in Minfocus’ press release of September 12th, 2017. Following the successful field program in July 2017 that yielded the high-grade zinc values, a second field program was undertaken in October 2017 at this Mississippi Valley Type (“MVT”) prospect during which a second historical adit and a collapsed shaft area were located. Samples collected from the rock dump adjacent to the collapsed shaft collar yielded up to 8.97% Zinc and 1.72% Lead in brecciated dolostone with abundant dark, iron-rich sphalerite forming much of the matrix between the fragments of dolomite. Abundant pyrite is also present in the breccia matrix as evidenced by assays of 1.17 to 46.2% Iron in samples collected. Results of all seven grab samples collected are shown below:

Sample     Zinc %    Lead %    Silver ppm
A21572      1.57     0.013          <3
A21573     0.433     0.504          27
A21574      8.97      1.72          22
A21575      5.14     0.218           7
A21576     0.023    <0.003          <3
A21577     0.020     0.105           4
A21578      2.38      1.08          32

Analyses were all undertaken by Activation Laboratories Ltd.

A zone of very gossanous, weathered dolostone rock extends from the lowest adit up the hill past the second adit and the collapsed shaft for a distance of 100 metres.

The field program in October had two objectives: to prospect for additional mineralized occurrences and to extend the soil geochemical sampling program that had identified a strong soil anomaly for the full length of the 600 metres of strike sampled from the earlier sampled showing. The first objective has been achieved and results of the new soil geochemical survey results are pending. For more information on the Peregrine property, pictures of the adits, collapsed shaft and mineralization, visit the Company website at www.minfocus.com


Minfocus 2017 Annual General Meeting (“AGM”)

The Company reports that all matters set out in the Management Information Circular dated October 12, 2017 for the 2017 Shareholders AGM, held on November 29th, 2017, were approved by shareholders.

The following four nominees were elected as directors of the Company. The detailed results of the vote for the election of directors are set out below:

Director Nominee      Votes For    % For   Votes Against/Withheld  % Withheld
Gerald Harper        27,427,613    93.38          1,945,940            6.62
Kenneth B. de Graaf  29,363,553    99.97             10,000            0.33
Phillip D Mello      29,363,553    99.97             10,000            0.33
Graham C. Wilson     29.363,553    99.97             10,000            0.33

Appointment of Fifth Director to the Board

At the AGM, shareholders approved the number of directors to be set at five. Minfocus announces that the Board of Directors has approved the appointment of Brian Howlett, CPA, CMA as a director of the Company. Mr. Howlett is a seasoned professional with over 25 years of senior financial management experience. Mr. Howlett is currently the President, Chief Executive Officer and Director of Dundee Sustainable Technologies Inc and CR Capital Corp. He also formerly served as the President and Chief Financial Officer of Superior Copper Corporation. Prior to that, Mr. Howlett spent 12 years with ELI Eco Logic Inc., including 6 years as Chief Financial Officer. Mr. Howlett graduated in 1982 with a B. Comm. in finance from Concordia University and received his CMA designation in 1989. Mr. Howlett also serves on the Boards for several junior mining companies.


About Minfocus Exploration Corp.

Minfocus Exploration Corp. is a Canadian company currently advancing a portfolio of base metal projects including zinc and nickel projects in British Columbia and a Platinum Group Element (“PGE”) rich nickel project in N.W. Ontario. Minfocus has a successful management group with a record of multiple discoveries of deposits worldwide, including gold and uranium deposits in Mongolia and PGE-rich resources in Ontario, including the discovery of the first Platinum-rich Pt-Pd-Cu-Ni deposit in the Midcontinent Rift, the Current Lake deposit (+700,000 oz. Pt-Eq).



For further information, please contact:

Minfocus Exploration Corp.
Gerald Harper, President & Chief Executive Officer
Phone: (416) 232-0025



The Qualified Person who has reviewed and approved the technical content contained in this release is Dr. Gerald Harper, P.Geo.(Ont), a director of Minfocus.


Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release includes certain forward-looking statements concerning the future performance of the Company’s business and operations as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are often identifiable by the use of words such as “may”, “will”, “might”, “would”, “plan”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “scheduled”, “forecasts” and similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are based on the current opinions and expectations of management, and are subject to a number of risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those currently anticipated by such statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration results will not be consistent with the Company’s expectations, fluctuating commodity prices, delays in commencing the Company’s proposed drilling program, exploration costs varying significantly from estimates, the availability of financing, and other risks identified in the Company’s documents filed with the Canadian securities regulatory authorities at www.sedar.com. Any forward-looking statement speaks only of the date on which it is made, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

Source: Minfocus Exploration Corp. (TSX Venture:MFX)