SALT LAKE CITY, UT / ACCESSWIRE / November 27, 2020 /Northern Minerals & Exploration Ltd. (OTC PINK:NMEX) announces the Company has received notice that it's Option Agreement to earn an interest in the Winnemucca Mountain Gold Property has been terminated for being in default of certain terms and conditions of the Option Agreement. Management is in discussions with the principals of the Winnemucca property to resolve any outstanding obligations.
Management is pleased to announce the Company is expanding its ownership in the West Lenapah Gas Project and is also looking at developing further real estate investments in Mexico. For further information regarding the West Lenapah Gas Project see the Company's news release dated November 4, 2020.
Management is also pleased to report that it is evaluating a number of projects for acquisition to further build shareholder value. More news regarding these projects as they develop will be announced as developments occur.
Northern Minerals & Exploration ("NMEX") is an emerging publicly traded company focused on oil and gas exploration & production, real estate development projects in Mexico and acquiring revenue producing assets.
Management is very optimistic about the future of NMEX as it is consistently evaluating opportunities for growth and expansion of the Company.
Forward Looking Statements:Statements which are not historical facts contained in this release are forward looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," "seeking," and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. The information herein is subject to change without notice. Northern Minerals & Exploration Ltd. shall not be liable for technical or editorial errors or omissions contained herein.
SOURCE:Northern Minerals & Exploration Ltd.
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