Nippon signs a new agreement in Japan
Brossard (Quebec), March 29th, 2016 Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP), announces the signing of a new agreement with Material Japan Co. Ltd. (MJ) for which Mr. Arihito Nishimura is its president. Mr. Nishimura visited Canada on a few occasions and has been interested in the thermal fragmentation method for the past 3 years. He is very active in Japan within the construction industry and is convinced that the thermal fragmentation method can be profitably implemented in Japan. The signing of this new agreement nullifies previous agreements for Japan and MJ becomes Nippon’s exclusive agent, replacing NDR Japan, which ceased its activities due to financial difficulties.
Japan remains a strategic location for Nippon especially with regards to the construction industry. MJ is already in contact with companies that may have a definite interest in employing the thermal fragmentation method. The thermal unit (Dragon) currently on site in Japan will facilitate the understanding of the method and enable targeted demonstrations on specific projects. The mining component is still moving forward however financing of these projects remains challenging.
Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the Thermal Fragmentation mining method.
The company’s growth strategy is based on:
• The development of its gold deposits with the objective of producing revenue from its operations;
• Increasing the value of its mining assets by prioritizing the exploration targets; and
• The commercialisation and employment of its thermal fragmentation technology.
For additional information:
John Stella, Investor relations (514) 718-7976
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Ressources Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com