Hi-View Resources Inc. Completes Acquisition of Zeal Exploration

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- Hi-View Resources Inc. (the "Company" or "Hi-View") (CSE: HVW) is pleased to announce that, further to its news release on March 31, 2023, it has completed the acquisition (the "Acquisition") of Zeal Exploration Inc. ("Zeal") pursuant to the terms and conditions of a Share Purchase Agreement dated April 26, 2023 (the "Definitive Agreement") entered into among the Company, Zeal, and the securityholders of Zeal.

Pursuant to the terms and conditions of the Definitive Agreement, the Company issued the following securities to the former Zeal securityholders:

• an aggregate of 8,650,000 common shares in the capital of the Company (the "Consideration Shares") at a deemed price of $0.06 per Consideration Share; and
  
• an aggregate of 500,000 replacement warrants (the "Replacement Warrants") exercisable into common shares in the capital of the Company for a price of $0.20 for a period up to and including July 14, 2025. All previously outstanding unexercised warrants to acquire common shares in the capital of Zeal were cancelled upon closing of the Acquisition.
  

The Company also issued 250,000 common shares to an arm's length finder (the "Finder") as consideration for the Finder introducing Zeal and the Acquisition to the Company.

Additionally, effective upon closing of the Acquisition, Robert "Nick" Horsley, the current CEO of Zeal, was appointed to the Company's board of directors. The board of directors of Zeal is comprised of Robert "Nick" Horsley and Alex Horsley.

Robert "Nick" Horsley

Mr. Robert "Nick" Horsley has over 17 years of public markets experience focused on finance, investor relations, marketing, management and merger & acquisitions. Mr. Horsley has served as a director and a consultant to several public and private companies and has experience in a variety of industries including mineral exploration, telecom, CPG, Esports, and technology. Mr, Horsley has been a mineral prospector since 2008.

Alex Horsley

Mr. Alex Horsley has over 16 years of experience in the mineral exploration, mining development and the capital markets. Alex has an extensive network of investment bankers, analysts, stockbrokers and high-net worth investors. He was the former CEO of Emperor Metals and currently is serves as its Director of Corporate Development. He will focus on finance, marketing and enhancing shareholder value.

About Zeal

Zeal is a privately held Company based in Vancouver, British Columbia. Zeal holds by title or options to acquire, the Golden Stranger Property located near the town of Smithers, British Columbia, prospective for gold and silver. The Golden Stranger Property consists of four claim blocks of mineral claims comprising sixteen (16) mineral claims covering an area of approximately 9,139.57 hectares.

About Hi-View

The Company's principal business is the acquisition, exploration and development of mineral resource properties. Its objective is to locate, define and ultimately develop economic mineral deposits. Currently, the Company holds an option on the Ket 28 Property located in south-central British Columbia in the Greenwood District along the Canada ? USA international boundary between Osoyoos and Grand Forks. The Ket 28 Property consists of 16 contiguous mineral claims that cover an area of 3,432 hectares (8,480 acres).

For further information contact:

Hi-View Resources Inc.
Howard Milne, Chief Executive Officer
Email: [email protected]
Telephone: (604) 377-8994

FORWARD LOOKING STATEMENTS: 

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

All information contained in this news release with respect to the Company and Zeal was supplied by the parties, respectively, for inclusion herein, and the Company and its respective directors and officers have relied on Zeal for any information concerning such party.

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release includes statements related to the proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.