Mineworx Announces Proposed Extension of Warrant Term

BURNABY, British Columbia, Dec. 18, 2017 (GLOBE NEWSWIRE) — Mineworx Technologies Ltd., (the “Company” or “Mineworx“) (TSXV:MWX) (OTCQB:MWXRF) (FSE:YRS) (WKN:A2DSW3) will be applying to the TSX Venture Exchange for approval to extend the expiry date of 10,541,667 common share purchase warrants that were issued as part of a non-brokered private placement completed by the Company in January 2014. The Warrants are exercisable for common shares of Solid Resources and Iberian Minerals (now Mineworx) at a price of $0.26 per share and were previously extended to the current expiry of January 7, 2018. The Company is proposing to extend the expiry date of the warrants by an additional ten (10) months to 4:30 p.m., Edmonton, Alberta time on November 7, 2018. All other terms and conditions of the warrants, including the exercise price and the accelerated expiry provision, will remain the same. The proposed extension of the expiry is conditional upon the receipt of Exchange approval.

Additional details of the warrants are provided in the Company’s press release dated January 7, 2014.

About Mineworx

Mineworx is positioned for growth through partnerships with advanced mining and E-Waste opportunities utilizing its licensed cyanide-free precious metals extraction formula and patent-pending portable extraction technologies. These three innovations will increase and enhance business opportunities by deploying cost effective, environmentally friendly extractive metallurgy solutions.

Neither the 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.

For further information, go to www.mineworx.net

For further information contact:

MINEWORX TECHNOLOGIES LTD.
Rick Gliege, V.P. Corporate Development
250-751-3661
rick@mineworx.net