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Braveheart Assets Provides Up-Day on Allowing and Construction Progress at Bull River Mine

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Calgary, Alberta–(Newsfile Corp. – August 23, 2021) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) (“Braveheart” or the “Corporation“) is pleased to report on development getting made on permitting and building pursuits at the Bull River Mine undertaking (the “Project”).

Braveheart proceeds to do the job carefully with the British Columbia Ministry of Environment and Local weather Improve Tactic (“ENV”) and the Ministry of Power, Mines and Very low Carbon Innovation (“EMLI”) on its software to restart the Project. The Enterprise is pursuing a Joint Mines Act and Environmental Permit Modification procedure whereby the Company is requesting an modification to the latest effluent discharge permit and authorization to dispose of filtered tailings in a new tailings storage facility on surface area. The primary modify to the effluent discharge permit will be the inclusion of added element testing but the recent discharge locale will not adjust nor will the expected quantity of discharge to the environment. To-date the Business has submitted an updated job description and an data reporting table (“IRT”) and responded to screening responses from regulators. The Firm has not long ago been notified of EMLI’s strategies to create a Mine Evaluate Committee and prepare for engagement with the Ktunaxa Country Council (“KNC”).

Broad Means Methods Inc. (“Extensive”) is the environmental consulting organization that is helping the Business with the application approach. Braveheart a short while ago engaged Tetra Tech Canada Inc. (“Tetra Tech”) to assist with geochemical factors of Period 1 of the mining permit submission. Stage 1 of the restart will involve the original processing of a 165,000-tonne stockpile of mineralized substance at the moment on surface area (see press release dated April 19, 2021, on SEDAR). Tetra Tech (and prior to 2010, its predecessor firm EBA Engineering) assisted past entrepreneurs of the Task with assessment and characterization of geologic materials considering that 2006. Tetra Tech will guide the Business initially with Acid Rock Drainage and Steel Leaching (“ARD ML”) related parts of the application.

Ian Berzins, President and CEO commented, “We are pleased to see continued progress in the software to restart our brownfield Bull River Mine task. COVID 19 has negatively impacted the timeline to shift the course of action ahead operating with consultants, regulators and the 1st Nations. We had at first qualified to have our software approved by Q4 2021 but based mostly on the recent level of development, do not be expecting to have acceptance for the Section 1 restart before Q1 2022.”

In parallel with the permitting procedure, the Business is continuing to comprehensive engineering studies and building things to do associated with a restart of the Task. The Corporation is happy to report progress on its hydroelectric reconnection undertaking. A 10 MVA transformer and relevant switchgear that was at first acquired in August 2019 (see press launch dated December 7, 2020, on SEDAR) is now scheduled to be decommissioned in Manitoba on August 26, 2021 and transported to the mine web site in British Columbia in the first week of September 2021. The Firm previously reported its intent to have the transformer on web-site by Q2 2021 but incurred complications coordinating a date with Manitoba Hydro for the de-energization. When the transformer is at the mine web page in British Columbia, a commissioning and re-energization day will be confirmed with BC Hydro. AMPS Products and services Inc. and AMPS Powerline, primarily based in Winnipeg, Manitoba is coordinating the decommissioning, transportation and commissioning processes.

The Business is also delighted to report that Stantec Engineering has completed a in depth design and style for the proposed new Tailings Storage Facility (“TSF”). The Firm is proposing the enhancement of a filtered or dry stack TSF. After the Organization has been given permission from ENV and EMLI, the civil functions linked with development of the TSF can commence. Earlier the Firm declared an arrangement to procure 6 refurbished Outotec flotation cells from Nelson Machinery & Equipment Ltd. To-day the Organization has innovative cash to complete the refurbishment of two cells with prepared completion and delivery of all cells by late Q4 2021. The Business has identified many answers for a new filtration circuit but not nonetheless committed money.

Ian Berzins, President and CEO further commented, “Completion of the hydroelectric reconnection challenge will be a crucial milestone for the Corporation. At the time related to the grid by way of the 66KV electricity line, the Venture will be de-risked from the point of view of power provide and the Challenge will have sufficient extra capability to enable for upcoming enlargement. The Corporation will proceed to make money updates at the Venture as resources are accessible in anticipation of getting authorization to restart the Project.”

Qualified person

Braveheart’s disclosure of a specialized or scientific character in this news launch has been reviewed and accredited by Ian Berzins P.Eng., who serves as President, Chief Government Officer and a director of the Enterprise and is a Experienced Human being below the definition of National Instrument 43-101.

About Braveheart Sources Inc.

Braveheart is a mining firm largely targeted on two in the vicinity of-expression copper production belongings in Canada. Braveheart’s key asset is the 100% owned Bull River Mine undertaking (>85MM lbs of copper) around Cranbrook, British Columbia which has a Mineral Useful resource that contains copper, gold and silver. Braveheart’s latest acquisition is the 100% owned Thierry Mine challenge (>860MM lbs of copper) near Pickle Lake, Ontario which has a Mineral Source containing copper, nickel, silver, palladium, platinum and gold.

Get in touch with Data
Braveheart Methods Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: This e-mail address is currently being guarded from spambots. You require JavaScript enabled to perspective it.
Web-site: www.braveheartresources.com

For more investor data, be sure to call Braveheart at:
Manish Grigo
Director, Corporate Improvement
M: +1-416-569-3292
E: This email address is currently being secured from spambots. You need JavaScript enabled to view it.

Caution Relating to Ahead-Searching Facts

This news release incorporates sure info that may possibly represent “ahead-wanting facts” less than relevant Canadian securities legislation. Ahead-hunting details includes, but is not restricted to, statements about strategic options, long run work programs and aims and predicted benefits from this kind of operate systems. Forward-wanting information and facts necessarily include regarded and unidentified pitfalls, such as, without having limitation, threats associated with general economic situations incapability to access adequate funds from inside and external sources, and/or inability to access ample cash on favourable phrases and other dangers.

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