Squire Mining Ltd. (the “Company” or “Squire Mining”) announces the results of the 2016 Work Program. The Star Property is an early stage mining exploration program that is centred on a prominent aeromagnetic low.  Geologic mapping has confirmed the presence of highly prospective Eocene Ootsa Lake Group felsic volcanics and that the property is most likely part of the Clisbako volcanic assemblage.  This complex hosts the epithermal mineralization at the Baez and Clisbako showings 37 kilometres to the northwest and is probably related to the mineralization at the Bob showing 30 kilometres to the north.  The Ootsa Lake Group is related to continental margin magmatic arcs.  To date, no mineralization has been found on the property, however outcrop is scarce.

MMITM soil geochemistry has identified some encouraging multi-element silver, cadmium, lead and zinc anomalies on the property especially in the north and western portions of the claims.

The following program is recommended;

 Increased MMI tm soil sampling density around identified anomalies.

 Trenching of anomalies with a small backhoe.

If encouraging results are obtained from the above recommendations, then follow up drilling is warranted.

A report on the 2016 work program has been submitted to the B.C. Minerals titles branch to cover assessment on the property.  MMI tm results and maps of the 2015 program can be found on the Squire Mining website (www.squiremining.com)

Mr. Andrew L. Wilkins, P.Geo., Manager of Exploration, is the qualified person responsible for the technical content of this news release.

ON BEHALF OF THE BOARD

 

“Ian H. Mann”

President and Director

 

Neither the Canadian Securities Exchange nor its Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.

 

This news release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Squire Mining Ltd. The forward-looking information is based on certain key expectations and assumptions made by the Company’s management. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this news release and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.