Mezzotin Minerals Completes Debt Settlement

TORONTO, May 25, 2018 (GLOBE NEWSWIRE) -- Mezzotin Minerals Inc. (“Mezzotin” or the “Company”) (NEX:MEZ.H) announced today that, further to the Company’s press release of April 11, 2018, it has completed the debt settlement with Hong Kong-based Max Mind Investments Limited (“Max Mind”). The Company has issued 8,014,969 common shares at a deemed price of $0.05 per share to Max Mind to settle indebtedness owing to Max Mind of $400,748 (US$314,831.07) representing advances previously made to the Company by Max Mind plus accrued and unpaid interest thereon. Upon completion of the debt settlement, Max Mind owns approximately 14.1% of the 56,994,069 common shares of the Company now outstanding. All shares issued under the debt settlement transaction are subject to a 4-month hold period.

About Mezzotin Minerals Inc.

Mezzotin Minerals Inc. is a junior exploration company listed on the TSX Venture Exchange in Canada.  The Company is engaged in the exploration of mineral properties in Zimbabwe and holds exploration permits and mining claims known as the Sabi Star project covering approximately 2,348 hectares which has been optioned and is under contract for sale to Max Mind Investments (Zimbabwe) (Private) Limited.  The project is located in Eastern Zimbabwe approximately 150 kilometres from Harare, the capital of Zimbabwe, and approximately 250 kilometres from the border of South Africa.  The project is located on the Odzi Gold Belt, a known mineralization belt having historically produced gold, copper, tin, tantalum, niobium and diamonds. 

For additional information please contact:

Lawrence Schreiner
Chief Financial Officer
Mezzotin Minerals Inc.
Tel. 416-496-3077
lschreiner@manbancorp.com

Neither 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.