May 16, 2014
VANCOUVER, BC - Maritime Resources Corp. (MAE-TSX Venture, "Maritime") announces that, further to the Company's news release dated May 9, 2014 in respect of a private placement financing, the net proceeds from the financing will be used to advance the Company's 100% owned Green Bay gold project in Newfoundland, for general working capital and to settle debt in the amount of $212,500. The debt relates to repayment of loans and interest thereon totalling $100,000 and accrued fees for independent directors to December 31, 2013 in the amount of $112,500.
About Maritime Resource Corp:
Maritime Resources holds 100% of the Green Bay property, located near Springdale, Newfoundland. The property hosts the past producing Hammerdown gold mine and newly discovered Orion gold deposit. In addition, the property hosts the Lochinvar base metals/precious metals deposit.
On behalf of the Board of Directors,
President & CEO
For further information, please call:
Cathy DiVito, Investor Relations Telephone: (604) 484-7111
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.