JIULIAN RESOURCES INC. (TSX-V: JLR) (“Jiulian” or the “Company”) is is pleased to announce a non-brokered private placement flow-through financing (the “Offering”) to sell up to 1,500,000 flow-through common shares (“FT Shares”) at a price of $0.10 per share for aggregate gross proceeds of up to $150,000.

The Company will pay a finder’s fee on the Offering, comprised of a cash fee equal to 5% of the gross proceeds raised from the sale of FT Shares and warrants equal to 10% of the number FT Shares issued. Each such finder warrant will entitle the holder to purchase one common share at a price of $0.10 for a period of 12 months following the applicable closing of the Offering.

The Offering remains subject to the approval of the TSX Venture Exchange (“Exchange”). The proceeds will be used by the Company for exploration activities on British Columbia properties. All securities issued pursuant to the Offering will be subject to a statutory four month and one day hold period under applicable securities laws.

The FT Shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

Options

Further to the news release of December 17, 2018 the Company wishes to clarify the number of stock options granted effective December 17, 2018 were 1,150,000 to certain directors, officers and consultants of the Company. The options are exercisable at a price of 0.07 cents per share for a period of five years expiring on December 17, 2023.  

About Jiulian

Jiulian is an exploration company engaged in acquiring and advancing mineral properties located in southern British Columbia. The Company’s flagship asset is the wholly-owned, 4,056-hectare Big Kidd property, located near Aspen Grove, BC. The Company also wholly-owns the 8,654.49-hectare Little Fort property, located near Little Fort, BC. Jiulian Resources is based in Kelowna, British Columbia, and is listed on the TSX-V under the symbol “JLR”.

ON BEHALF OF THE BOARD OF DIRECTORS OF

JIULIAN RESOURCES INC.

“X. Charlie Cheng”

Charlie Cheng
Chief Executive Officer

For more information regarding this news release, please contact:

Ed Milewski, Director

T: 519-200-0779

W: jiulianresources.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including: that the Company’s financial condition and development plans do not change as a result of unforeseen events, that the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law. 

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.