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November 26, 2014 --- Vol. 08, No. 48November 2014

Nunavut

COPPER/SILVER – Kaizen Discovery Nov. 24 reported results of a rock-chip sampling program on various prospects within the company’s newly acquired Coppermine project, located near the coastal village of Kugluktuk. Highlights from the sampling include: a 2.5-meter chip sample averaging 10.3 percent copper and 5.0 grams per metric ton silver at the Cu-Tar prospect; a 6.0-meter chip sample averaging 4.74 percent copper and 23.3 g/t silver at the Nor 98 prospect; a 10-meter chip sample averaging 4.66 percent copper and 12.2 g/t silver at the Lars prospect; a 1.0-meter chip sample averaging 23 percent copper and 47 g/t silver at the Jack prospect; an 8.0-meter chip sample averaging 3.48 percent copper and 9 g/t silver at the Larry prospect; a 0.5-meter chip sample averaging 22.3 percent copper and 243 g/t silver at the Lloyd prospect; and a 3.6-meters sample averaging 10.82 percent copper and 17.1 g/t silver at the Dick prospect. The rock-chip samples are semi-continuous and taken across near-vertical mineralized structures and are meant to represent true widths. “These results confirm the spectacular high-grade nature of copper mineralization in the basalts of the Coppermine District. This type of mineralization was the focus of a major staking rush in the 1960s. Since then, there has been little systematic exploration in the area. We look forward to further exploration in this fascinating geologic environment, which hosts a large number of these high-grade occurrences,” said Kaizen President and CEO B. Matthew Hornor. In addition to the volcanic-hosted copper, mineralization also occurs in the lesser explored, neo-Proterozoic Rae Group sediments overlying the basalts. Here, the copper mineralization is controlled by stratigraphy, wherein the copper occurs as disseminated sulfides within gently-dipping siltstones and/or sandstones. There has been no recorded exploration for sediment-hosted copper in the area since 1992. Kaizen plans to conduct exploration programs consisting of mapping, sampling, geophysics and drilling on both the high-grade Coppermine basalts and sediment-hosted copper targets in 2015. Japan-based Itochu Corp. has the priority right to fund any future exploration programs contemplated at the Coppermine Project at terms to be agreed by the parties. A framework agreement between Kaizen and Itochu established a collaborative working arrangement under which both companies agreed to evaluate opportunities to explore and develop selected, high-quality, international mineral projects. A map depicting the locations of the chip samples is available at: http://media3.marketwire.com/docs/980567.pdf.


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