CSE SYMBOL: SRS

Shamrock Enterprises Inc. Signs Option to Purchase Milly Property Mineral Claims in Central British Columbia

News Release
CSE: SRS
December 11, 2018

Shamrock Enterprises Inc.  (“Shamrock” or the “Company”), is pleased to announce that it has signed an Option to Purchase Agreement (the Agreement) with one non arm’s-length and three arms-length private vendors to acquire a 100% interest in the Milly Project mineral claims in central British Columbia, approximately 50 kms southwest of Mackenzie B.C. The Milly Project consists of 4 mineral claims covering an area of 6013.2 hectares, and is 25 km southeast of Centerra’s Mount Milligan deposit, which hosts a resource of 2.84 billion pounds of copper and 7.50 million ounces of gold.

Historical work shows that the Milly Property encompasses two distinct and broad soil geochemical anomalies that are in part coincident with geophysical anomalies (magnetometer and Induced Polarization-chargeability) along a northeast-southwest trend that lies within British Columbia’s prospective yet under-explored Central Plateau area. The northeast anomaly is characterized by a 4 km long x 1 km wide gold-in-soil anomaly of excellent tenor, while the southwest anomaly is nearly 4 km in diameter, copper- and gold-in-soil anomaly, hosting local mineralized outcrop (up to 1.1% copper, 24 g/t silver and 0.9 g/t gold), and with nearby float samples grading up to 2.4% copper, 0.6% molybdenum and 1.5 g/t gold.

Access to the Milly property is excellent, being serviced by an extensive network of logging roads. Its relatively low elevation and gentle topography provide an opportunity for a long and efficient exploration season.

Charles J. Grieg, P.Geo. of C.J Greig and Associates and a Director of Shamrock, stated, “The size and tenor of the historic soil anomalies on the Milly Property are highly encouraging. Ice flow indicators directly match the soil geochemical trends, and mineralized outcrop within the southwestern anomaly could indicate that the distance of glacial dispersion may be minimal. Initial exploration will focus on linking the two anomalous zones with widely spaced soil geochemical lines, and a modern high-resolution magnetic survey should help to define the underlying geological and structural framework.”

Milly Project

Terms of the Agreement

Shamrock can acquire a 100% working interest in the Milly Project from the Vendor under the following terms and conditions:

  • $150,000 in cash payments over 4 years,
  • Delivery of 2.0 million shares of Shamrock over 4 years,
  • A 2.0% Net Smelter Return (“NSR”) on the property. Shamrock has retained the right to purchase 1.0% of the NSR for a purchase price of $1.6 million.

The contents of this news release have been reviewed and approved by Charles J. Greig P.Geo., a Qualified Person as defined in National Policy 43-101.

About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of gold, silver and other precious metal properties in North America. The Company’s common shares are listed and posted for trading on the Canadian Securities Exchange ("CSE") under the symbol "SRS".

On behalf of the Board,

“Bob Faris”

President and CEO

For further information, please contact:

Shamrock Enterprises Inc.

Bob Faris, Chief Executive Officer

Phone: (604) 880-2121

Neither the Canadian Securities Exchange nor its Regulation Services Provider

accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”. Forward looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.  Any forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.