Antimony Resources closes first tranche of financing

Mr. Jim Atkinson reports ANTIMONY RESOURCES CORP. (ATMY) (K8J0) CLOSES FIRST TRANCHE OF FINANCING Antimony Resources Corp. has closed the first tranche of its financing. Pursuant to the first tranche, Antimony Resources issued 7.36 million common shares at a price of 20 cents for gross proceeds of $1,472,000. All securities issued in connection with the offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation. The company paid the following finders' fees: $35,000 to Beacon Securities Ltd.; $10,500 to AlphaNorth Asset Management; $3,150 to Canaccord Genuity Corp.; and $7,000 to Research Capital Corp. The company will use the net proceeds from the offering for corporate development, marketing and general working capital. About Antimony Resources' Bald Hill antimony project Highlights Assays received from current drilling: High-grade antimony bearing stibnite assays have been returned for drill holes BH-25-05, BH-25-08 and BH-25-09. Drill hole BH-25-08 returned 14.91 per cent antimony (Sb) over 3.0 metres (m) at a depth of 88.8 to 91.8 m, including massive antimony stibnite, which returned 28.76 per cent Sb over 1.7 m. Drill hole BH-25-09 returned 9.85 per cent Sb over 4.3 m from 103.6 to 107.9 m depth, including 18.19 per cent Sb from 104.6 m to 106.4 m depth. Drill hole BH-25-05 returned 1.1 per cent Sb over 14.5 m at a depth of 108.8 to 123.3 m. Highlights from past exploration: Bald Hill is a known, high-grade antimony deposit in southern New Brunswick. Past work, including drilling, has outlined an antimony deposit over 500 m long. Widths average over three m and grades average 3 per cent to 4 per cent antimony. Historical National Instrument 43-101 technical report: The potential quantity and grade of the drilled area, which is the target of the company's exploration, are in the 725,000-to-one-million-tonne range grading 4.11 per cent to 5.32 per cent Sb (approximately 30,000 to 40,000 tonnes contained antimony) (1). There is potential to expand based on additional known targets. The Bald Hill antimony property The property is located approximately equal distance from Sussex, Fredericton and St. John in southern New Brunswick. Access is very good with provincial and regional highways crossing and adjacent to the property. Drilling can be completed year-round. There is over 5,400 m of drill core from past exploration available for examination in the Sussex office of the New Brunswick Geological Survey. A total of 25 drill holes totalling over 5,400 m have been completed on the property. The deposit consists of at least three antimony-bearing breccias and hydrothermal veins zones trending northwesterly. Mineralization has been defined over a 700 m strike length to a vertical depth of 300 m, and is open in all directions and to depth. High-grade antimony has been encountered in previous drilling, including the discovery hole DDH08-03, which intersected 4.51 m at a grade of 11.7 per cent Sb, including 2.29 m grading 20.9 per cent Sb. A possible extension of the main zone was discovered in 2014. Trenching approximately 450 m south of main zone returned values of 2.90 per cent Sb over 8.18 m, which included 5.79 per cent Sb over 1.75 m and 8.47 per cent over 1.53 m. Drilling in this area confirmed the presence of antimony-bearing stibnite mineralization similar to the main zone, which has not been sufficiently explored. A historical National Instrument 43-101 technical report, prepared by CRA in 20101, identified the potential for between 705,000 and one million metric tonnes at an average grade of between 4 per cent and 5 per cent antimony (1). Antimony Resources has not completed enough work to confirm this estimate. The potential quantity and grade are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The technical contents of this news release were reviewed and approved by Jim Atkinson, MSc, PGeo, who is a qualified person as defined by NI 43-101. About Antimony Resources Corp. Antimony Resources is a exploration and development company focused exclusively on antimony. The company's management team possesses extensive experience in financing, exploration, development and mining. The company is focused on becoming a significant North American producer of antimony. (1) NI 43-101 technical report on the Bald Hill antimony project, southern New Brunswick, Canada, prepared by Conestoga-Rovers & Associates, May, 2010, reference No. 070813.