Mantos Copper Acquires Shares of Mason Resources

               Mantos Copper Acquires Shares of Mason Resources

  Canada NewsWire

  VANCOUVER, Aug. 8, 2017

VANCOUVER, Aug. 8, 2017 /CNW/ - Mason Resources Corp. (TSX:MNR – " Mason
Resources " or the " Company ") reports that Mantos Copper (Bermuda) Limited
(" Mantos ") has filed an early warning report (the " Early Warning Report ")
as required by National Instrument 62-103 – The Early Warning System and
Related Take-Over Bids and Insider Reporting Issues , regarding the
acquisition of common shares of Mason Resources. 

The Early Warning Report discloses that on August 4, 2017, Mantos agreed to
purchase an aggregate of 13,664,757 common shares of Mason Resources (the "
Purchased Shares "), at a price of C$0.20 per Purchased Share in cash, for an
aggregate purchase price of C$2,732,952 pursuant to a private agreement among
Mantos, Rio Tinto International Holdings Limited (" Rio Tinto ") and Turquoise
Hill Resources Ltd. (" Turquoise Hill "). The Purchased Shares represent all
of the shares of Mason acquired by Rio Tinto and Turquoise Hill pursuant to
the May 9, 2017 spin-out of the Ann Mason project and Lordsburg property into
Mason Resources through a plan of arrangement with Entrée Resources Ltd.
(formerly Entrée Gold Inc.).

The Purchased Shares collectively represent approximately 17.54% of the
77,911,286 outstanding common shares of Mason Resources (15.74% on a fully
diluted basis).

The Early Warning Report states that the Mantos investors are Audley Mining
Advisors Limited, a special purpose vehicle advised by Audley Capital Advisors
LLP, and Orion Fund JV Limited, a company managed by Orion Mine Finance
Management I Limited. Audley Capital Advisors LLP and Orion Mine Finance
Management I Limited are joint actors with Mantos. The acquisition of the
Purchased Shares is aligned with the long term strategy of Mantos to invest in
attractive copper opportunities in low risk jurisdictions. Depending on market
conditions, Mantos' view of Mason Resources' prospects and other factors
considered relevant by Mantos, Mantos may acquire additional securities of
Mason Resources from time to time in the future, in the open market or
pursuant to privately negotiated transactions, or may sell all or a portion of
its securities of Mason Resources.

Stephen Scott, President and CEO of Mason Resources stated, "We are pleased
that Mantos recognizes the tremendous potential to surface value through an
investment in our Ann Mason copper-molybdenum project in Nevada, and Lordsburg
copper-gold property in New Mexico. We look forward to meeting with Mantos in
the days ahead to better understand their long-term goals for the assets."

On July 19, 2017, the Company adopted a Shareholder Rights Plan (the " Rights
Plan ") to ensure, to the extent possible, that all shareholders of the
Company are treated fairly and equally in connection with any take-over bid or
other acquisition of control of the Company. The Rights Plan was not adopted
in response to any specific take-over bid or other proposal to acquire control
of Mason and Mason is not aware of any such pending or contemplated proposals.
A copy of the Rights Plan agreement is available under the Company's profile
on SEDAR at www.sedar.com .

A copy of the Early Warning Report is available under the Company's profile on
SEDAR at www.sedar.com .

ABOUT MASON RESOURCES CORP.

Mason Resources Corp. is a well-funded Canadian company focused on copper
exploration and development in the U.S.A.  The Company's key asset is its 100%
owned Ann Mason Project – an extensive, prospective land package located in
the Yerington District of Nevada. The Ann Mason Project hosts two
copper-molybdenum porphyry deposits, Ann Mason and Blue Hill, as well as
numerous earlier-stage or untested priority targets.  The Ann Mason deposit is
currently at a PEA level and is among the largest undeveloped copper porphyry
resources in Canada/U.S.A. The excellent infrastructure, year-round access,
strong community support and clear permitting process are all factors that
contribute to making Yerington, Nevada one of the best mining jurisdictions in
the world. Mason also holds a 100% interest in the Lordsburg property, an
exciting earlier-stage copper-gold porphyry project, located within an
historic mining district in New Mexico.

Mason's strong financial position and high-quality asset portfolio provide it
with a solid foundation and flexibility for growth, by advancing development
of Ann Mason towards Pre-Feasibility, introducing one or more strategic
development partners, exploring high priority targets or considering strategic
acquisitions. More information on Mason Resources can be found at
www.MasonResources.com .

This news release contains forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
forward-looking information within the meaning of applicable Canadian
securities laws.

While the Company has based these forward-looking statements on its
expectations about future events as at the date that such statements were
prepared, the statements are not a guarantee of the Company's future
performance and are based on numerous assumptions regarding present and future
business strategies, local and global economic conditions and the environment
in which Mason Resources will operate in the future, including the price of
copper, gold, silver and molybdenum.  Uncertainties and factors which could
cause actual results to differ materially from future results expressed or
implied by forward-looking statements and information include, amongst others,
unanticipated costs, expenses or liabilities; discrepancies between actual and
anticipated production, mineral resources and metallurgical recoveries; the
size, grade and continuity of deposits not being interpreted correctly from
exploration results; the results of preliminary test work not being indicative
of the results of future test work; fluctuations in commodity prices and
demand; changing foreign exchange rates; actions by government authorities;
the availability of funding on reasonable terms; the impact of changes in
interpretation to or changes in enforcement of, laws, regulations and
government practices, including laws, regulations and government practices
with respect to mining, foreign investment, royalties and taxation; the terms
and timing of obtaining necessary environmental and other government
approvals, consents and permits; the availability and cost of necessary items
such as power, water, skilled labour, transportation and appropriate smelting
and refining arrangements; and misjudgements in the course of preparing
forward-looking statements. In addition, there are also known and unknown risk
factors which may cause the actual results, performances or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements and
information. Such factors include, among others, risks related to
international operations, including legal and political risk; risks associated
with changes in the attitudes of governments to foreign investment; changes in
project parameters as plans continue to be refined; inability to upgrade
Inferred mineral resources to Indicated or Measured mineral resources;
inability to convert mineral resources to mineral reserves; conclusions of
economic evaluations; future prices of copper, gold, silver and molybdenum;
failure of plant, equipment or processes to operate as anticipated; accidents,
labour disputes and other risks of the mining industry; delays in obtaining
government approvals, permits or licences or financing or in the completion of
development or construction activities; environmental risks; title disputes;
limitations on insurance coverage; as well as those factors discussed in the
Company's continuous disclosure documents available at www.sedar.com . There
can be no assurance that forward-looking statements will prove to be accurate,
as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company is under no obligation to
update or alter any forward-looking statements except as required under
applicable securities laws.

SOURCE Mason Resources

View original content:
http://www.newswire.ca/en/releases/archive/August2017/08/c1805.html

David Jan, Investor Relations, Mason Resources Corp., Tel: 604-673-2001, Fax:
604-673-2003, E-mail: djan@masonresources.com

For further information: David Jan, Investor Relations, Mason Resources Corp.,
Tel: 604-673-2001, Fax: 604-673-2003, E-mail: djan@masonresources.com

CO: Mason Resources

ST: British Columbia

NI: MNG MNA
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