Montreal Quebec - TheNewswire - June 17, 2021 - The management of Mosaic Minerals Corp. (“Mosaic” or the “Company”) (CNSX:MOC.CN) announces:

Appointment of Social Media Manager

Pascal Germain has been appointed to a newly created position as Mosaic’s manager responsible for social networking development, website maintenance, corporate presentation development and fact sheet production. Mr. Germain is an entrepreneur with over 25 years of experience in the technology field. He is the co-founder of Arkys Web Softwares, a company specialized in consulting services, as well as the founder of MiningCrypt Inc., a company specialized in cryptography, that was sold to Alt5Sigma Inc in 2019

Since 2018, Mr. Germain has specialized in the field of e-commerce and online marketing via social networks and now has several successes to his credit. Mr. Germain's mandate is to advise and assist the company to achieve greater visibility specifically on various social networks and more generally across the Internet.

Grant of Stock Options

Effective June 16, 2021 Mosaic has granted 750,000 incentive stock options to directors and consultants. The options are exercisable at a price of $0.115 per share for a term of five years. The options are granted pursuant to the Company’s incentive stock option plan.

About Mosaic Minerals Corporation

Mosaic Minerals Corp. is a Canadian mineral exploration company listed on the Canadian Security Exchange (CSE: MOC) now focusing on the exploration for future strategic Copper-Nickel-Zinc deposits in priority on the Quebec Province territory which have a long and successful history of base metal production principally in the Rouyn-Noranda, Matagami, Vald’Or and Chibougamau mining camps. Exploring for base metal was put on hold a few decades ago to the profit of exploring for gold but the potential for discovering large Cu, Zn, Ni deposits is still very present.  

On Behalf of the Board

M. Guy Morissette

President & CEO

Contact: Guy Morissette at 1-514-531-8129

www.mosaicminerals.ca

This release contains certain "forward-looking information" under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.  

The Canadian Securities Exchange does not  accept any responsibility for the adequacy or accuracy of this release.

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