Sherpa II Prepares to Drill the Bakar Property

Vancouver, British Columbia–(Newsfile Corp. – February 7, 2022) – Sherpa II Holdings Corp. (TSXV: SHRP) (“Sherpa II” or the “Company”) and its Joint Venture (JV) partner District Metals Corp. (TSXV: DMX) (“District”) are pleased to provide an update on the Bakar Property located on Northern Vancouver Island, British Columbia (Figure 1).

In August 2020, the Company entered into an agreement to acquire an 80% interest in the Bakar Property from District (

Figure 2: EC Target Location

To view an enhanced version of Figure 2, please visit:
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Figure 3: EC Target Compilation

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Technical Information

All scientific and technical information in this news release has been prepared by, or approved by Galen McNamara, PGeo, Director of the Company. Mr. McNamara is a qualified person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

The chip samples from outcrop reported in this news release were recovered and transported by Vector Geological Solutions Inc. from the Bakar Property to Bureau Veritas Mineral Laboratories (an accredited mineral analysis laboratory) in Vancouver, BC for preparation and analysis. Samples were analyzed for 45 elements with four acid digestion Inductivity Coupled Plasma – Mass Spectrometry (ICP-MS). Certified standards, blanks, and duplicates were inserted into the sample shipment to ensure integrity of the assay process. Selected samples were chosen for duplicate assay from the coarse reject and pulps of the original sample. No QA/QC issues were noted with the results reported.

Mr. McNamara has not verified any of the information regarding any of the properties or projects referred to herein other than the Bakar Property and mineralization at those other properties or projects is not necessarily indicative of mineralization on the Bakar Property.

About the Company

Sherpa II Holdings Corp. is a Canadian junior mineral exploration company with an 80% undivided interest in the Bakar Claims located in northwestern Vancouver Island, British Columbia and a 100% undivided interest in all technical data relating to the Bakar Claims.

For further information please contact:

Thomas O’Neill
Chief Executive Officer
Tel. (604) 484-4170

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements with respect to the use of proceeds from the Offering and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/112947