Kaizen Discovery (TSX VENTURE:KZD) announced today that it has filed an
independent technical report for the Fairholme copper-gold porphyry exploration
project in central New South Wales, Australia. The report was prepared by SRK
Consulting (Australasia) Pty. Ltd., in accordance with National Instrument
43-101 Standards of Disclosure for Mineral Projects, and is available on the
company's profile on SEDAR and on the Kaizen website at www.kaizendiscovery.com.


The report provides information on the project's history, previous exploration
results and exploration potential; it also recommends that Kaizen undertake a
further 3-D induced-polarization survey on the property, followed by diamond
drilling of targets that are generated. A second-phase drill program is
recommended to delineate the extent of any promising mineralization that is
encountered.


The technical report has been prepared and filed in satisfaction of an
undertaking made to the TSX Venture Exchange in connection with the December
2013 reverse take-over involving Concordia Resource Corp., which created Kaizen.


Fairholme is an early-stage exploration project targeting porphyry-related gold
and copper mineralization within the Fairholme Igneous Complex, which forms part
of the Macquarie Arc that hosts porphyry copper-gold deposits at Cadia and
Northparkes. The project consists of two tenements that cover approximately 172
square kilometres.


The Fairholme Project is being explored by Kaizen under the terms of an earn-in
agreement between ASX-listed Clancy Exploration Limited and Kaizen. Kaizen
already has earned a 49% interest in the project. The agreement gives Kaizen the
right to increase its interest in the project to 65% by funding an additional
A$4 million in exploration over the next two years. Kaizen can further increase
its stake up to 95% by funding additional, staged programs leading to a
feasibility study.


About Kaizen Discovery

Kaizen is a Canadian, technology-focused, mineral exploration company that was
formed in late 2013 through a combination of Concordia Resource Corp. and assets
acquired from HPX TechCo Inc., a 100%-owned subsidiary of High Power Exploration
Inc. Kaizen's existing portfolio of exploration projects consists of Ebende and
Kabongo in the Democratic Republic of Congo, Fairholme in Australia and Kerboule
in Burkina Faso. With its collaboration agreement with ITOCHU, the company's
long-term growth strategy is to produce and deliver minerals to Japanese
industries. A strong management team and an experienced board, combined with the
improved project portfolio and access to HPX TechCo's leading-edge, proprietary
technology, will help enable Kaizen to more effectively identify and advance
world-class mineral projects.


More information on Kaizen is available at www.kaizendiscovery.com.

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 STATEMENTS

Statements in this release that are forward-looking statements are subject to
various risks and uncertainties concerning the specific factors disclosed here
and elsewhere in the company's periodic filings with Canadian securities
regulators. When used in this document, the words such as "will, could, plan,
estimate, expect, intend, may, potential, should," and similar expressions, are
forward-looking statements. Specific forward-looking statements in this press
release include statements concerning Kaizen's future earn-in to the Fairholme
Project and future expenditures.


All such forward-looking information and statements are based on certain
assumptions and analyses made by members of Kaizen's management in light of
their experiences and perceptions of historical trends, current conditions and
expected future developments, as well as other factors that they believe are
appropriate in the circumstances. Such factors include, among others, the
results of exploration activities at the Fairholme Project. These statements,
however, are subject to a variety of risks, uncertainties and other factors that
could cause actual events or results to differ materially from those projected
in the forward-looking information or statements. Readers are cautioned not to
place undue reliance on forward-looking information or statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kaizen Discovery
Bill Trenaman
+1-604-669-6446
www.kaizendiscovery.com

Kaizen Discovery (TSXV:KZD)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Kaizen Discovery Charts.
Kaizen Discovery (TSXV:KZD)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Kaizen Discovery Charts.