Germanium Mining Closes First Tranche Of Flow-Through Offering

GERMANIUM MINING CORP. (“GERMANIUM MINING” OR THE “COMPANY”) (CSE: GMC) (OTCQB: EMSKF) (FSE: YW0) is pleased to announce it has closed the first tranche of a non-brokered private placement consisting of 1,000,000 flow-through units (each, a “ FT Unit ”) at a price of $0.24 per FT Unit for gross proceeds of $240,000 (the “ Offering ”). Each FT Unit consists of one common share of the Company (each, a “ FT Share ”) to be issued as a “flow-through share” (as defined in subsection 66(15) of the Income Tax Act (Canada)), and one-half of one common share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant entitles the holder thereof to acquire one non-flow-through common share (each, a “ Warrant Share ”) at a price of $0.30 per Warrant Share for a period of three years from the closing of the Offering (the “ Closing Date ”). The aggregate gross proceeds from the Offering are intended to be used to complete mapping and sampling this summer at the Company’s flagship project known as Lac du Km 35 (the “ Project ”) before the Company’s anticipated maidan drilling program at the Project this fall. In connection with the Offering, the Company paid to an arm-length party finder’s fee of $19,200 in cash and issued 80,000 non-transferable finder’s warrants entitling the holder thereof to purchase Shares at an exercise price of $0.24 per Share for a period of three years from the Closing Date. All securities issued in connection with the Offering are subject to a statutory hold period expiring four months and one day after the Closing Date.

About Germanium Mining Corp. Germanium Mining is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions.