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September 01, 2015 7:21 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Anthem Resources Incorporated

Company Overview

Anthem Resources Incorporated, an exploration stage company, engages in the acquisition, exploration, and development of various mineral resource properties in Canada. The company explores for uranium and gold metals. It holds 100% interests in the Ket and Ren claims located in southern British Columbia; and the Webb River property situated in the southeast margin of the basin, as well as has interests in the Hatchet Lake and Murphy Lake joint venture properties located in the northeast margin of the Athabasca Basin. The company also holds interests in the Otish Mountains property located in Quebec; the Chateau Fort gold property situated in Quebec; and the Bruce River and Mustang Lake prope...

611 – 675 West Hastings Street

Vancouver, BC V6B 1N2

Canada

Founded in 1993

Key Executives for Anthem Resources Incorporated

Chief Executive Officer, President and Director
Age: 43
Chief Financial Officer
Age: 64
Manager of Investor Relations
Vice President of Exploration
Executive
Compensation as of Fiscal Year 2015.

Anthem Resources Incorporated Key Developments

Anthem Resources Inc. Reports Results from Drilling on the Hatchet Lake Uranium Project

Anthem Resources Inc. reported results from drilling on the Hatchet Lake uranium project, a joint venture operated by Denison Mines Corp. Denison reported that a total of 2,547 metres of drilling was completed in nine drill holes at the Tuning Fork grid area in winter 2015. A zone of intense basement clay alteration with elevated uranium values was extended by drill hole TF-15-01. The alteration is coincident with a strong fault zone within graphitic pelitic gneiss. The high uranium value obtained in TF-15-01 was 491 ppm U, and was accompanied by impressive trace element results that include elevated copper (up to 2.4%), nickel (up to 0.1%) and cobalt (up to 0.29%). The intensity of the alteration and geochemical results, combined with the presence of structurally prepared graphitic basement suggests that the area is highly prospective for high grade basement hosted mineralization and further drilling is required. The best targets on the Hatchet Lake property are on the Richardson-Crooked Lakes trend, which was not tested in the 2015 drill program. Previous drilling along this trend has returned significant uranium mineralization at shallow depth, for example hole RL-13-16, which intersected 0.45% U3O8 over 2.3 metres beginning at 124.0 metres down the drill hole (approximately 112 m vertical depth below surface). This mineralization is hosted by Athabasca sandstone directly above the unconformity. In addition, several promising base-metal intersections have been drilled in this area. For example, Hole RL-14-27 intersected Ag-Pb-Zn mineralization in faulted graphitic pelite in the basement, including 9.6 m grading 19.6 g/t Ag, 3.3% Pb and 0.27% Zn (true width unknown). The Ag-Pb-Zn mineralization is located about 93 m along strike to the northwest of historic hole SMDC 61, which is reported to have cut 2.5 m of 7.34% Co, 1.66% Ni and 16.07% As (true width unknown). Further work is warranted on these targets. On the Murphy Lake joint venture project (Anthem 41.06% interest), Denison plans to spend $608,000 to complete ground geophysics and drilling of four holes totaling about 1,400 m in early summer. Due to continued weakness in the uranium market, Anthem elected to not contribute to either of the 2015 programs at Hatchet Lake and Murphy Lake. As such, the Company's interest is expected to be reduced to approximately 36% and 31% in the respective joint ventures.

Anthem Resources Incorporated, Special/Extraordinary Shareholders Meeting, Jul 16, 2015

Anthem Resources Incorporated, Special/Extraordinary Shareholders Meeting, Jul 16, 2015. Location: 3rd Floor, 510 Burrard Street.

Anthem Resources Inc. Enters Settlement Agreement with Sparton Resources Inc., Boss Power Corp., Blizzard Uranium Corp. and the Province of British Columbia

Anthem Resources Inc. announced that it has entered into a settlement agreement with Sparton Resources Inc., Boss Power Corp., Blizzard Uranium Corp. and the Province of British Columbia. The Settlement Agreement provides for the full and final settlement of any claim Sparton may have against Anthem, Boss Power, Blizzard and the Province, or any of them. In consideration of the settlement, Anthem will pay Sparton the sum of $340,000.00 and transfer to Sparton or its designee(s) 2,200,000 common shares of Sparton currently owned by Anthem. Anthem, Boss Power and Blizzard also agreed to provide Sparton with a release respecting any claim they may have against Sparton.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 4, 2015
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