May 20, 2015 – News Release – Nomad Ventures Inc. (“Nomad”) (NMD:tsxv) is very pleased to announce that it has received a purchase order for 85,000 tonnes of aggregate and specialty rock products from Headwater Management Ltd. (“Headwater”), a North Vancouver and Lower Mainland excavation and trucking contractor. (the “Headwater Purchase Order”).
The Headwater Purchase Order also includes 100,000 tonnes of construction fill that will be tug and barged back to the St. Vincent Bay Property for processing. The Purchase Order represents revenue of more than $2.3 million and has a delivery schedule over the next 2 years.
The Headwater Purchase Order is another important milestone towards establishing Nomad as a significant aggregate and rock product supplier for the Vancouver/Lower Mainland market.
Additional aggregate and specialty rock supply contracts with British Columbia based construction and development companies are currently being negotiated by Nomad to meet the initial allowable volumes of the Company’s mining permit.
The Headwater Purchase Order and the previously announced Apex Purchase Order announced May 14, 2015, now represents more than $4.3 million dollars in revenue for Nomad.
Technical material in this news release has been reviewed by James H. Place, P.Geo., a Director of the company and a Qualified Person as defined in NI43-101.
The commencement of production on the St. Vincent Bay Property will not be based on a feasibility study of mineral reserves demonstrating economic and technical viability.