/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, May 1, 2014 /CNW/ - Boxxer Gold Corp. (TSX
Venture: BXX/OTC: BXXRF) ("Boxxer") announced today that,
further to the news releases dated August
26, 2013, January 22, 2014 and
March 14, 2014, Boxxer has issued
6,000,000 common shares to Musgrove Minerals Corp.
("Musgrove") pursuant to the Empire Mine Project Option
Agreement, as amended, among Konnex Resources Inc.
("Konnex"), Boxxer and Musgrove. No further common
shares are required to be used pursuant to the Empire Mine Option
Agreement in order to earn the 100% interest in the leases in
respect of the Empire Mine Project (the "100%
Interest").
As stated in the March 14, 2014
news release, pursuant to the Empire Project Option Agreement, as
amended, in order to exercise the option and earn the 100%
Interest, Boxxer is required to make: (i) aggregate cash payments
of $100,000 prior to January 1, 2017; (ii) a cash payment of
$100,000 on completion of a NI 43-101
Pre-Feasibility Study on the Empire Mine Project; and (iii) an
additional cash payment of $250,000
per each 100,000,000 lbs of copper reserves as determined by a NI
43-101 Feasibility Study on the Empire Mine Project.
About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company involved in the
exploration for large polymetallic copper deposits in North
America. Boxxer's active projects include the Boss and Buena
Vista copper projects in the state of Nevada, the Empire copper-gold-silver property
in Idaho, the DOK copper-gold
porphyry property in Northwest B.C., and the East Breccia
copper-silver-molybdenum property in Ontario. Boxxer also has
the Gordon Lake gold project located 110 kilometres north of
Yellowknife NWT, Canada.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information: This news release may
contain certain forward-looking information. All statements
included herein, other than statements of historical fact, are
forward-looking information and such information involves various
risks and uncertainties. There can be no assurance that such
information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such information. In particular, this press release contains
forward-looking information in relation to the exercise of the
option on the Empire Mine Project. There is no certainty that
Boxxer will exercise its option on the Empire Mine Project and
there is no certainty that additional exploration on the Empire
Mine Project will identify additional exploration targets or expand
the dimensions of known zones of mineralization on the Empire Mine
Project. For any forward-looking information given,
Management has assumed that the results it has received and
reviewed in relation to the Empire Mine Project and the
interpretation thereof are reliable, and has applied geological and
geophysical interpretation methodologies which are consistent with
industry standards. Although Management has a reasonable
basis for the conclusions drawn, actual results may differ
materially from those currently anticipated in such forward-looking
information. Forward-looking information is subject to known
and unknown risks, uncertainties and other factors that may cause
the actual results, levels of activity, performance or achievements
of Boxxer to be materially different from those expressed or
implied by such forward-looking information. Such risks and
other factors may include, but are not limited to: general
business, economic, competitive, political and social
uncertainties; capital market conditions and market prices for
securities and junior market securities; the actual results of
Boxxer's business operations including its exploration operations;
natural resource company market conditions and the market
conditions of the natural resource industry in general;
competition; changes in legislation, including environmental
legislation, affecting the Boxxer; timing and availability of
external financing on acceptable terms; and lack of qualified,
skilled labour or loss of key individuals. A description of
additional assumptions used to develop such forward-looking
information and a description of additional risk factors that may
cause actual results to differ materially from forward-looking
information can be found in Boxxer's disclosure documents on the
SEDAR website at www.sedar.com. Boxxer does not undertake to
update any forward-looking information except in accordance with
applicable securities laws.
SOURCE Boxxer Gold Corp.