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Press Release: Revelo Provides Update on Results, -2-

5 Mar 2017 12:30 pm

MONTEZUMA OVERVIEW

The Montezuma copper-gold-molybdenum project comprises approximately 45,000 Ha of 100% owned tenement. The Project is located along the main porphyry copper belt in northern Chile, commonly known as the Domeyko Cordillera, directly along the main West Fissure Fault System that controls several world-class copper deposits in the area, midway between the giant Chuquicamata (Codelco) and Centinela (Antofagasta Minerals / Marubeni Corporation) copper mining districts. The Project is centred approximately 20 km south of the important mining town of Calama. Access to the Project is excellent via a series of good quality dirt roads leading off from paved roads around Calama, and altitudes vary from approximately 2,600 m to around 3,100 m.

For further details of the Montezuma Project please refer to the Montezuma Project page on Revelo's website (http://www.reveloresources.com/projects/montezuma).

For historic drill results, please refer to PSM's news releases available at SEDAR (http://www.sedar.com):
 
(1)  See PSM News Release dated February 22, 2010 
(2)  See PSM News Release dated September 14, 2010 
(3)  See PSM News Release dated October 20, 2010 
(4)  See PSM News Release dated November 3, 2010 
(5)  See PSM News Release dated January 12, 2011 
(6)  See PSM News Release dated February 24, 2011 
(7)  See PSM News Release dated March 9, 2011 
(8)  See PSM News Release dated May 31, 2011 
(9)  See PSM News Release dated February 14. 2014 
 

Dr. Demetrius Pohl, Ph.D., Certified Professional Geoscientist (CPG), an independent consultant, is the Company's Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosures for Mineral Projects of the Canadian Securities Administrators, and has approved the written disclosure of the technical information contained in this news release.

ABOUT REVELO

Revelo has consolidated an outstanding portfolio of 25 projects prospective for copper, gold and silver located along proven mineral belts in one of the world's top mining jurisdictions - Chile. Revelo's total exposure to mineral tenements in northern Chile is around 300,000 hectares, of which about 60,000 hectares (2 projects) are subject to 3rd party exploration expenditures.

Revelo is a Canadian company and is listed on the TSX Venture Exchange (TSX-V: RVL). For more information, please visit Revelo's website at www.reveloresources.com.

ON BEHALF OF THE BOARD

Timothy J. Beale, President & CEO

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENT

This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Revelo expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicate" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Revelo believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements.
 
Table 1 - Selection of Cu-Au Intercepts from PSM Drilling 
 
              Target / 
Drill Hole    Anomaly   Interval  From    Cu    Au     Ag     Zn 
     #          Name      (m)      (m)   (%)   (g/t)  (g/t)  (%)    Comments 
-----------   --------  --------  -----  ----  -----  -----  ----  ---------- 
MORC-05-09     Anomaly 
 (1)            A           22.0   56.0  0.13   0.25   13.4        Oxide Zone 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
                                                                        Mixed 
MODD32-10      Anomaly                                                Oxide & 
 (2)            A           20.0    6.0  0.21   0.36   14.2          Sulphide 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MODD33-10      Anomaly 
 (2)            A          100.0  277.0  0.15   0.72    2.8          Sulphide 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MODD35-10      Anomaly 
 (3)            A           21.0   56.0  0.15   0.13    1.6        Oxide Zone 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MODD-46-10     Anomaly 
 (6)            A           37.0  138.0  0.19   0.15    1.9          Sulphide 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MODD52-10      Anomaly 
 (6)            A           22.0  248.0  0.11   0.34    1.1          Sulphide 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MORC-16-09     Anomaly 
 (1)            B           44.0   22.0  0.18   0.17    0.9  0.11  Oxide Zone 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MORC-27-09     Anomaly 
 (1)            B           24.0  146.0  0.26   0.14    5.8  0.11    Sulphide 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MODD38-10      Anomaly 
 (4)            B           44.0  226.0  0.55   0.17    3.4          Sulphide 
                        --------  -----  ----  -----  -----  ----  ---------- 
                           218.0  857.0  0.19   0.06    0.5          Sulphide 
  --------------------  --------  -----  ----  -----  -----  ----  ---------- 
MODD45-10      Anomaly 
 (5)            B            6.0   0.19  0.19   0.15    1.1  0.34  Oxide Zone 
                        --------  -----  ----  -----  -----  ----  ---------- 
                                                                    Supergene 
                            16.0   59.0  0.27   0.07    4.0          Enriched 
                        --------  -----  ----  -----  -----  ----  ---------- 
                                                                    Supergene 
                            10.0   87.0  0.29   0.13    2.6          Enriched 
                        --------  -----  ----  -----  -----  ----  ---------- 
                            38.0  144.0  0.23   0.21    0.9          Sulphide 
                        --------  -----  ----  -----  -----  ----  ---------- 
                            10.0  206.0  0.21   0.48    2.3          Sulphide 
                        --------  -----  ----  -----  -----  ----  ---------- 
                             8.0  249.0  0.36   0.32    1.5          Sulphide 
                        --------  -----  ----  -----  -----  ----  ---------- 
                            38.0  507.0  0.17   0.44    1.0          Sulphide 
                        --------  -----  ----  -----  -----  ----  ---------- 
                            82.0  565.0  0.20   0.27    0.5          Sulphide 
  --------------------  --------  -----  ----  -----  -----  ----  ---------- 
MODD47-10      Anomaly 
 (6)            B           19.0  253.0  0.32   0.10    2.2          Sulphide 
                        --------  -----  ----  -----  -----  ----  ---------- 
                            57.0  451.0  0.14   0.10    0.9          Sulphide 
  --------------------  --------  -----  ----  -----  -----  ----  ---------- 
MODD49-10      Anomaly 
 (6)            B           19.0  622.0  0.16   0.36    2.9   0.6    Sulphide 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MODD51-10      Anomaly 
 (6)            B           15.0  404.0  0.16   0.30    0.8          Sulphide 
                        --------  -----  ----  -----  -----  ----  ---------- 
                            33.0  488.0  0.17   0.33    0.6          Sulphide 
                        --------  -----  ----  -----  -----  ----  ---------- 
                            39.0  549.0  0.14   0.19    0.6          Sulphide 
  --------------------  --------  -----  ----  -----  -----  ----  ---------- 
MODD56-10      Anomaly 
 (7)            B           13.4    1.4         0.41    1.0             Oxide 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MODD57-10      Anomaly                                              Supergene 
 (7)            B           45.0  194.0  0.35   0.13   2.43          Enriched 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MORC-03-09     Anomaly 
 (1)            C            6.0   22.0  0.32   1.03   44.5        Oxide Zone 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
MODD69-11      Anomaly 
 (8)            C            6.0  286.0  0.25   0.54    4.1  0.13    Sulphide 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
                                                                        Mixed 
                                                                      Oxide & 
MM11 (9)       Melissa     139.5    0.0         0.46                 Sulphide 
------------   -------  --------  -----  ----  -----  -----  ----  ---------- 
 
 
 
Table 2 - Selection of Ag-Zn Intercepts from PSM Drilling 
 
              Target / 
Drill Hole    Anomaly   Interval  From    Cu    Au     Ag     Zn 
     #          Name      (m)      (m)   (%)   (g/t)  (g/t)  (%)   Comments 
-----------   --------  --------  -----  ----  -----  -----  ----  -------- 
MORC-05-09     Anomaly 
 (1)            A           52.0  198.0         0.13    3.4  0.42  Sulphide 
------------   -------  --------  -----  ----  -----  -----  ----  -------- 
MORC-19-09     Anomaly 
 (1)            A           28.0  120.0  0.09   0.11    6.4  0.29  Sulphide 
                        --------  -----  ----  -----  -----  ----  -------- 
                            26.0  168.0  0.05   0.10    4.7  0.62  Sulphide 
  --------------------  --------  -----  ----  -----  -----  ----  -------- 

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March 05, 2017 07:30 ET (12:30 GMT)
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