Zimtu Capital: Core Assets Announces $ 1.5 Million Private Placement Led by Crescat Capital

THIS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES

Vancouver, January 4, 2021 – Core Assets Corp., (“Core assets“or the”Society“) (CSE: CC) (Frankfurt: 5RJ WKN: A2QCCU) (ISIN: CA 21871U 10 5) (OTCQB: CCOOF) is pleased to announce that it has organized a private placement without intermediary (the”Offer“) of 6,250,000 units (each, a”Unity“) at a price of $ 0.24 per unit for gross proceeds of $ 1,500,000. Each unit will consist of one common share (each, a”To share“) in the capital of the Company and an entire transferable warrant (each, a”To guarantee“). Each Warrant will give the right to its holder to buy an additional Share (each, a”Warrant share“) for a period of two years from the closing date (the”Closing Date“) at an exercise price of $ 0.39 per warrant share.

In connection with the Offer, Crescat Capital LLC (“Crescat capital“) has agreed to make a strategic investment in the Company of $ 1,070,000 (the”Crescat Investment“). After the completion of the Crescat Capital investment, Crescat Capital will have the opportunity to participate in the future financings of the Company in order to maintain its participation in the Company as long as it holds more than 3% of the issued ordinary shares and in circulation.

Core Assets President and CEO Nick Rodway comments, “We are very pleased to welcome Crescat Capital as a premier institutional investor in the company. The Blue property hosts a brand new polymetallic surface discovery that continues to produce world class results that make the company a very attractive investment. Having the Crescat Capital team on board further confirms that we have executed very solid geological programs in the right geological terrane and jurisdiction. We look forward to continuing to build our geological team with high quality, long term financial support.

Crescat Capital Geological and Technical Director Quinton Hennigh comments: “Through field exploration in 2021, Core Assets Corp appears to have made a significant CRD discovery on its 100% controlled Blue property in northern Colombia. -British. Numerous mantos sulphide outcrops and chimneys have been identified and sampled over a 6 km wide area in the Silver Lime area, recently exposed due to the receding sea ice in this area. Numerous samples yielded + 10% combined base metals as well as locally strong silver and gold. depth. At Crescat, we like to support early stage discoveries, especially those that appear to have exceptional value on a large scale. potential such as Silver Lime. We look forward to working with the Core Assets team as they develop plans for an inaugural drill test in 2022. ”

All securities issued in connection with the offering will be subject to a four month withholding as required by applicable securities laws and, in addition, will be subject to a Hold for 18 months from the Closing Date divided into 3 releases of one-third (1/3) of the securities issued under the Offer every six months from the Closing Date.

The proceeds of the offering are expected to be used for other exploration programs on the Company’s Blue property and for general working capital purposes. Insiders of the Company may participate in the Offer. The Company does not anticipate paying finder’s fees in connection with the Offer at this time.

None of the securities sold under the Offer will be registered in the United States. Securities Act of 1933, as amended, and none of these securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be illegal.

About Core Assets Corp.

Core Assets Corp. is a Canadian mineral exploration company focused on the acquisition and development of mining projects in British Columbia, Canada. The company currently owns 100% of the title to the Blue Property, which covers an area of ​​~ 108,337 ha (~ 1,083 km²). The project is located in the Atlin mining district, a well-known gold mining camp. The Blue property is home to a major structural feature known as the Llewellyn Fault Zone (“LFZThis structure is approximately 140 km in length and extends from the Tally-Ho Shear Zone in the Yukon, south through the property to the Juneau Ice Cap in Alaska in the United States. Core Assets believes that the southern Lake Atlin region and the LFZ have been neglected since the last major exploration campaigns in the 1980s. The LFZ plays an important role in the mineralization of near-surface metal occurrences across the property. The past 50 years have seen substantial advances in the understanding of porphyry, skarn and carbonate replacement type deposits both globally and in the Golden Triangle of B.C. The Company hopes to capitalize on this information about its Blue property. Core Assets is thrilled to become one of the primary explorers in the Atlin mining district, where his team believes there are substantial opportunities for new discovery and development in the area.

On behalf of the board of directors
CORP.

Nicolas rodway

President and CEO
Phone. : 604.681.1568

FORWARD-LOOKING STATEMENTS

Statements contained in this document that are not purely historical are forward-looking statements, including any statement regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements contained in this press release include, without limitation, that Core Assets will be able to close the Offer or the Crescat Capital Investment (or its respective size), as the case may be, the intended use of the proceeds of the Offer and any statement regarding the Company’s ability to continue to build a world-class geological team with quality, long-term financial support. It is important to note that the actual business and exploration results of the Company could differ materially from those shown in these forward-looking statements. The risks and uncertainties include the following: the Company may not be able to complete the Offer; other permits may not be granted on time or at all; mining claims may prove unworthy of additional expense; there may not be an economic mineral resource; the methods which we thought to be effective may not prove to be in practice or on our claims; economic, competitive, government, environmental and technological factors may affect the Company’s operations, markets, products and prices; Company specific plans and schedule for drilling, fieldwork and other plans may change; the Company may not have access to, or be able to develop minerals due to cost factors, type of terrain or availability of equipment and technology; and the Company may also not raise sufficient funds to carry out its plans.The new strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s MD&A for its recently ended fiscal year, which is available under the Company’s SEDAR profile at www.sedar.com. Except as required by law, we will not update the risk factors in these forward-looking statements.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved the contents of this press release.

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