RCCMF - Amended: Nippon welcomes Mr. Michel Fontaine to its Board of Directors announces management changes and provides update on its transaction with Orminex

(TheNewswire)

Brossard (Quebec) – TheNewswire - September 21st, 2021, Nippon DragonResources Inc. (“Nippon” or “NDR”) (TSX-V Symbol: NIP) (TSXV:NIP) , Nippon is extremelypleased to announce the nomination of Mr. Michel Fontaine to its Boardof Directors. Mr. Fontaine was Vice-President of Diagnos from 2005 to2017, director of Metanor Resources Inc. from 2014 to 2018, directorof Majescor Resources Inc. from 2015 to 2017 and currently a directorof Puma Exploration since 2020. He also held the position of Founder,President and Chief Executive Officer of Windfall Geotek from 2017 to March 2021 a Canadian corporationoffering a proven and industry-leading digital platform leveragingArtificial Intelligence (AI) technologies to significantly improveoutcomes in the exploration, development, operations, and financing ofgeologically focused projects.

“Michel will play an important role in assistingNippon as the company moves forward with its development strategy. Hisyears of experience and knowledge of the industry will be ofparticular benefit as we start to implement a more aggressivedevelopment strategy” stated Mr. Jean-Yves Therien, Nippon’sinterim President & CEO.

Nippon is also extremely pleased to announce that Mr.Mark van Schaik will be joining the company as Technical Director. Effective upon shareholder of the proposed transaction betweenNippon and Orminex Limited (“ Orminex ”) (see pressrelease dated September 1st, 2021 for more details on the proposedtransaction) , Mr. van Schaik will assume a leading role in thecommercialisation, strategic planning and positioning of thecompany’s exclusive and patented thermal fragmentation technologywithin the mining sector.  ‘Mark is probably the most experienced,knowledgeable and qualified person with regards to the technology andI am excited to have him join our team.’ stated Jean-Yves Therien,Nippon’s interim President and CEO.

Mark van Schaik trained and qualified in South Africawith a Nation Higher Diploma in Mechanical Engineering in 1992, andhas built a career spanning almost 30 years in the Engineering andUnderground Hard Rock Mining Industries.  Mark spent time working forsome of the best known OEM suppliers like Atlas Copco and SandvikMining, and then ultimately founded and managed the maXem group ofcompanies.  maXem specialised in long-hole drilling equipment design,manufacture and support, also, distributor representation for a numberof international OEM’s such as Nippon Dragon Resources, CMAC,Wassara, and Montabert, and  also providing full contract miningsolutions.  One highlight of Mark’s career was establishing andsupporting the Thermal Mining Method in South Africa and hands onoperation of this method for a period of about 2 years.  During thistime, extensive experience was obtained that allowed for equipment andoperating processes to be dramatically improved.  Mark’s passion isfor developing and implementing technical innovations into completebusiness solutions, and hopes to be able to use his experience tocompliment and assist Nippon in taking their business to newachievements

Nippon also announces the departure of the company’s Chief Operating Officer, Mr. Nick Vukovic.Mr. Vukovic has also tendered his resignation as a Board member,effective immediately. The Board wishes to thank Mr. Vukovic for hisservice and wishes him well on his future endeavours.

Transaction Update

Nippon is also very pleased to inform shareholders thatthe proposed transaction between Nippon and Orminex (see press releasedated September 1st, 2021 for more details on the proposedtransaction) is progressing well. Nippon has received conditionalapproval of the proposed transaction and will now be seeking approvalof its shareholders’ at the company’s Annual General and SpecialMeeting (the “ Meeting ”) to be held on October28 th , 2021. At the Meeting, Nippon will also seek shareholderapproval for a series of transactions with Material Japan Inc. (seepress release dated September 1st, 2021 for more details), as well asa proposed name to G.E.TT Gold Inc. (Green Extraction ThermalTechnology) in order to better reflect the company’s path forwardupon completion of the transaction with Orminex. In connection withthe Meeting, Nippon and its advisors are presently preparing amanagement proxy circular (the “ Circular ”) whichwill contain more details on all items to be considered and approvedat the Meeting. The Circular will be mailed toNippon shareholders at the beginning of October and will be availableon SEDAR on Nippon’s issuer profile at www.sedar.com.

‘Today’s announcements clearly demonstratemanagement’s steadfast commitment to transform Nippon into aprofitable hybrid mining and technology company.’ stated Jean-YvesTherien, Nippon’s Interim President and CEO.

About Nippon

Nippon is active in the exploration and the developmentof gold resources in Quebec. The Corporation currently holds threegold properties, Rocmec 1 with resources recognized in accordance withNI43-101, Denain and Courville-Maruska properties. Nippon also has anexclusive license for the Thermal Fragmentation mining process.

The company’s growth strategy is based on:

• - The development of its golddeposits with the objective of producing revenue from itsoperations;

  - Increasing the value of its miningassets by prioritizing its exploration targets; and

  - The commercialisation andemployment of its thermal fragmentation technology.

Le présent communiqué estdisponible en français site web de Ressources Nippon Dragon.

For additional information:
John Stella, Investor relations                         (514) 718-7976 jstella@nippondragon.com
Jean-Yves Therien, Interim President & CEO(450) 510-4442 jytherien@nippondragon.com

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release. This press releaseincludes certain statements that may be deemed "forward-lookingstatements". All statements in this release, other thanstatements of historical facts, that address future explorationdrilling, exploration and production activities and events ordevelopments that the Corporation expects, are forward lookingstatements. Although the Corporation believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results or developments may differ materially from those inforward-looking statements. Factors that could cause actual results todiffer materially from those in forward looking statements includemarket prices, exploitation and exploration successes, continuedavailability of capital and financing, and general economic, market orbusiness conditions.

Ressources Nippon Dragon ResourcesInc. 7055 Taschereau Blvd., suite 500, Brossard (Québec) J4Z1A7

Tel: (450)510-4442 www.nippondragon.com

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