JAZZ RESOURCES INC.
Unit 5 — 2330 Tyner Street
Port Coquitlam, BC V3C 2Z1
Telephone: 604-970-6402                                                                                                                      Fax: 604-944-6102
Email: jo@JazzResources.ca
www.JazzResources.ca                                                                                                       TSX Venture Exchange: JZR
August 25, 2015

NEWS RELEASE - FOR IMMEDIATE RELEASE

JAZZ PRIVATE PLACEMENT

 

Jazz Resources Inc. (JZR: TSX-V) is pleased to announce a non-brokered private placement of $200,000 at a price of $0.18 per share.  The proceeds will be used exclusively to crush additional stockpiled ore and develop a new tailings facility at the Camborne site.

The Neolife Mill is being assembled and the Electrical Engineer report on CSA Standards has been received.  A Structural Engineer has been engaged to assist on construction of buildings and mill parts.

Currently, the Company has produced ½-inch minus crush of 700 to 800 tonnes of selected mineralization (see news release March16, 2010 and September 14, 2010) which permission has been received from the Ministry of Mines to be released to sell at advantageous prices.  Jazz is currently negotiating with 2 ore buyers to sell this raw ore without further benefication.  This strategy should result in quicker cash flow to the Company’s treasury.  Initial results representative of the initial detailed sampling of the ½-inch minus crush pile are:

Gold

Silver

Lead

Zinc

Copper

13.97 g/tonne
(0.41 oz./ton)

286.29 g/tonne
(8.35 oz./ton)

12.47%

12.1%

0.751%

These samples were assayed at SGS Labs which is a fully accredited laboratory.  The remaining detailed representative samples have been submitted to SGS labs and the final results are expected on August 31, 2015.

The road to the Teddy Glacier property has been opened and the ability to produce more bulk sample is being investigated along with a program of geological mapping and prospecting of the area of recent glacial ice retreat.

J. T. Shearer, M.Sc., P.Geo. (BC & Ontario) President/CEO, is the Qualified Person as defined by NI 43-101 who supervised the preparation of the technical material in this release.

 

On behalf of the Board of Directors,

“Jo Shearer”

Jo Shearer,
President/CEO
For further information contact: 604-970-6402

 

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 contains forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in certain of the Company's disclosure documents filed on SEDAR.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.