Medallion Resources Ltd.

Published : June 07th, 2016

Medallion Appoints Mark Saxon to Advisory Board

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Keywords :   Gold | Indian | Junior | Market | Market Conditions | Phosphate |

Medallion Appoints Mark Saxon to Advisory Board

Vancouver, BC - Medallion Resources Ltd. (TSX-V: MDL, OTCPK: MLLOF - 'Medallion' or the 'Company'), today announced it has appointed Mr. Mark Saxon, a well-respected mineral exploration executive with considerable rare-earth experience, to its Advisory Board. Mark Saxon is President and CEO of Tasman Metals Ltd., which is a company focused on the development of the Norra Karr heavy rare-earth and industrial minerals property in Sweden.

'Mark is a great addition to our Advisory Board, bringing industry-focused strategic thinking and a deep network of important relationships,' said Don Lay, Medallion's President & CEO. 'The rare-earth development community has contracted significantly over the last few years leaving fewer players. Mark and I share the view that there are substantial opportunities in the complex rare-earths and critical metals arenas, and that groups with commitment to the sector will deliver for their shareholders.'

'I believe Medallion's by-product monazite strategy is a smart approach to bring new rare-earth concentrates quickly to market,' Mr. Saxon stated. 'And I look forward to working with Don and Medallion's team on this project.'

Mark has more than 22 years of experience in mineral resource exploration and geology with junior and senior companies in gold, base and specialty metal projects. In addition to his role as a founding director and officer at Tasman Metals (TSXV: TSM, OTCQB: TASIF), Mr. Saxon also sits on the board of Mawson Resources Ltd (TSX: MAW, Frankfurt: MXR, OTCPK: MWSNF) and Flinders Resources Ltd (TSXV: FDR). An Honours BSc graduate in Geology from the University of Melbourne and a Fellow of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists, Mr. Saxon also has received a Graduate Diploma of Applied Finance and Investment through the Financial Services Institute of Australasia.

About Medallion Resources

Medallion is focused on low-cost, near-term, rare-earth production by exploiting the mineral monazite. Monazite is a rare-earth phosphate that is available as a by-product of existing mining and mineral-sands sources, principally in the Indian Ocean basin. Rare earths are used in critical components for virtually all computing and mobile electronic products, as well as wind turbines, electric and hybrid vehicles, and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of transport, processing and safe management of waste. More about Medallion (TSX-V: MDL, OTCPK: MLLOF, Frankfurt: MRD) can be found at medallionresources.com.

Donald Lay, President & CEO at +1.604.681.9558 or [email protected]

Investor Relations:R+R Consulting at +1.778.384.8923

- END -

Medallion management takes full responsibility for content and has prepared this news release. 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. Some of the statements contained in this release are forward-looking statements, such as statements relating to future plans of Medallion, plans regarding purchasing or processing monazite, construction of a pilot plant, changes to Medallion's advisory board, and any other statements regarding objectives or goals, including words to the effect that Medallion or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including risks related to Medallion's ability to raise further financing, and the risks inherent in completing pilot plant-scale processing tests and applying the results to full-scale production and other risks outlined in the Company's management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements, and therefore investors should not place undue reliance on forward looking statements. Also, in order to proceed with Medallion's plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion's plans. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future anticipated events.

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Gold and Silver Prices for these countries : Sweden | All

Medallion Resources Ltd.

EXPLORATION STAGE
CODE : MDL.V
ISIN : CA5839351015
CUSIP : 583935 10 1
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Medallion Res. is a iron and titanium exploration company based in Canada.

Its main exploration properties are RED WINE and ROMAINE RIVER in Canada.

Medallion Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.0 millions as of today (US$ 4.0 millions, € 3.5 millions).

Its stock quote reached its highest recent level on October 23, 1996 at CA$ 7.75, and its lowest recent point on July 24, 2015 at CA$ 0.01.

Medallion Res. has 84 090 000 shares outstanding.

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Annual reports of Medallion Resources Ltd.
Annual Report 2008
Annual Report 2007
Financings of Medallion Resources Ltd.
4/8/2015Announces $250,000 Private Placement
1/14/2015Closes Second Tranche of $250,000 Private Placement
10/18/2013Applies for Warrant Extension
7/17/2013Reports Exercise of Warrants for Approximately $400,000
6/25/2013Closes $400,000 Private Placement
6/10/2013Announces Private Placement
10/5/2009 $300,000 Private Placement Financing
2/20/2008Closes oversubscribed private placement
Project news of Medallion Resources Ltd.
6/20/2013Partners With Takamul Investment Company to Evaluate Rare-Ea...
3/15/2011Dr. Bill Bird of Medallion Resources is quoted in article Ch...
Corporate news of Medallion Resources Ltd.
7/6/2016Medallion Announces $300,000 Private Placement
6/7/2016Medallion Appoints Mark Saxon to Advisory Board
4/8/2016Medallion Plans Pilot-Scale Tests of Rare Earth Extraction P...
1/28/2016Medallion Resources – 2016 Plans
1/28/2016Medallion Resources -- Plans for 2016
10/26/2015Medallion Provides Rare Earth Product Samples to Industry
10/22/2015Medallion Resources Completes Private Placement
10/1/2015Nevada Sunrise Appoints David Shaw to Advisory Board
9/26/2015Medallion Clarifies Previously Announced Private Placement
9/25/2015Medallion Clarifies Previously Announced Private Placement
9/17/2015Medallion Resources Arranges $225,000 Private Placement
8/25/2015Rare-Earth Extraction Tests Produce Phosphate By-Product
8/12/2015IIROC Trading Resumption - MDL
8/12/2015Medallion’s Metallurgical Tests Yield a Refinery-Ready Rare ...
8/12/2015Medallion's Metallurgical Tests Yield a Refinery-Ready Rare ...
8/11/2015IIROC Trading Halt - MDL
8/4/2015Medallion Appoints Agent to Source South-East Asian Monazite
4/21/2015Private Placement Increased to $325,000
4/20/2015Private Placement Increased to $325,000
4/9/2015Medallion Increases Private Placement to $300,000
4/8/2015Medallion Announces $250,000 Private Placement
3/16/2015@INN_RareEarth
3/10/2015Medallion Resources Appoints R+R Consulting
3/2/2015Medallion Resources Appoints R+R Consulting
1/29/2015Medallion Provides Business Strategy Update
11/7/2014Medallion Announces $200,000 Private Placement
10/31/2014Medallion Initiates Laboratory-Scale Rare Earth Monazite Pro...
10/31/2014Medallion Announces Management Changes and Reports 2014 Annu...
10/30/2014Medallion Initiates Laboratory-Scale Rare Earth Monazite Pro...
10/8/2014Medallion Announces Management Changes and Reports 2014 Annu...
9/8/2014Medallion Resources Announce Extension of MOUs
7/8/2014Medallion Resources Appoints David Shaw to Board of Director...
6/4/2014Medallion Closes $700,000 First Tranche of Private Placement
5/21/2014Medallion Resources Announces $1,000,000 Private Placement
10/25/2013Clarifies Disclosure
9/30/2013Announces Results From 2013 Annual and Special Meeting of Sh...
9/18/2013to Attend Swiss Mining Institute Conferences in Zurich and G...
7/9/2013and Arab Mining Company to Develop and Finance Rare-Earth Op...
2/19/2013Provides Corporate Update
11/5/2012Completes Initial Technical Plans for Rare-Earth Processing ...
12/20/2011Rare Earth Mining Innovations Interview with Anthony Mariano...
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TSX-V (MDL.V)OTHER OTC (MLLOF)
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