Pacific Empire Minerals Corp. announced that it has completed the acquisition of a 100% interest in the Col Property, which consists of 17 mineral claims spread over 6,618 hectares 50 km southeast of Northwest Copper Corp.'s ("Northwest Copper") Kwanika Deposit and 50 km northwest of Centerra Gold Corp.'s ("Centerra Gold") Mt. Milligan Mine. Pursuant to the terms of a purchase agreement among PEMC, Indata Resources Ltd. and Nation River Resources Ltd. (together, the "Vendors"), PEMC acquired a 100% interest in the Col Property in exchange for granting the Vendors a 2% net smelter return royalty (the "NSR") on the claims, one-half (1%) of such 2% net smelter return royalty may be purchased for $500,000 by PEMC. Located approximately 50 km to the southeast of Northwest Copper's Kwanika Deposit and 50 km to the northwest of Centerra Gold's Mt. Milligan Mine, the Col property covers 6,618 hectares and is accessible by vehicle using well established logging roads. Copper mineralization on the property was first discovered by Colin Campbell in 1969, while following up on anomalous stream sediment samples. The following year Falconbridge Ltd. optioned the property and over the next two years completed IP and magnetic surveys, geological mapping, soil sampling and diamond drilling. This work identified the A Zone. Additional exploration programs were completed by Kookaburra Gold Corp. from 1988 through 1991, Solomon Resources Ltd. From 2006 through 2008 and PEMC/Oz Minerals Ltd. From 2014 to 2015. All of these programs completed diamond drilling, geophysical surveys and geochemical sampling. Mineralization on the property is most significant in three areas, 1) the A Zone, 2) Campbell Trench and 3) Slide Zone. At the A Zone, copper-gold mineralization occurs along a strike length of approximately 300 metres at an azimuth
of 120o and where best developed it is approximately 30 meters wide over a length of approximately 175 metres. This zone was tested by a number of small diameter drill holes by Falconbridge Ltd. in 1971 with the best intersections assaying 0.84% Cu over 45.7 meters and 0.70% Cu over 51.8 metres (DDH-1971-13 and DDH- 1971-20, respectively). In 2007, Solomon Resources Ltd. followed up with diamond drilling at the A Zone and demonstrated that mineralization extended at depth. Until 2014, mineralization at the A Zone was believed to be associated with a shear zone, however while reviewing drill core from the A Zone, PEMC observed the presence of very well mineralized porphyry intrusions that are most likely responsible for the copper-gold mineralization due to their intimate relationship with quartz- sulphide veining and mineralization.