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Legal

This website is owned and operated by Group Eleven Resources Corp.("Group Eleven” or the "Company”). All materials that appear on this website are the property of Group Eleven and are copyrighted by the Company. Group Eleven updates the information on this website regularly; however, such information is not intended to be a comprehensive review of all matters and developments concerning the Company and its properties. Group Eleven cannot guarantee the accuracy, currency or completeness of the information at all times and assumes no responsibility in this regard, except as required by law. By using this website, you acknowledge that you have reviewed and understand the disclaimers set forth herein.

Website Content

The information on this website is not intended to modify, qualify, supplement or amend information disclosed under securities legislation of any jurisdiction applicable to Group Eleven and should not be used for the purpose of making investment decisions. Group Eleven’s public disclosure documents are available on SEDAR at http://www.sedar.com/. Printed copies may be requested from the Company.

All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only. Stock quotes may be delayed and are not intended for trading purposes. Group Eleven makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided herein.

Group Eleven  shall not be liable for internet software, computer viruses or destructive programs which may be downloaded from this website or linked third party websites. Links to third party websites are provided as a convenience only, and Group Eleven does not monitor, endorse or accept any responsibility for such websites.

Cautionary Note Regarding Forward-Looking Statements

This website and the documents posted on this website contain forward looking statements within the meaning of applicable securities laws. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, operating costs, production estimates and similar statements relating to the economic viability of a project, timelines, strategic plans, including the Company’s plans and expectations relating to its projects, completion of transactions, market prices for precious and base metals, or other statements that are not statements of fact. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning mineral resource estimates may also be deemed to constitute "forward-looking statements” to the extent that they involve estimates of the mineralization that will be encountered if the property is developed.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "expects”, "is expected”, "anticipates”, "believes”, "plans”, "projects”, "estimates”, "assumes”, "intends”, "strategy”, "goals”, "objectives”, "potential”, "possible” or variations thereof or stating that certain actions, events, conditions or results "may”, "could”, "would”, "should”, "might” or "will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are based on a number of material assumptions, including those listed below, which could prove to be significantly incorrect:

  • our ability to achieve production at any of the Company’s mineral exploration and development properties;
  • estimated capital costs, operating costs, production and economic returns;
  • estimated metal pricing, metallurgy, mineability, marketability and operating and capital costs, together with other assumptions underlying the Company’s resource and reserve estimates;
  • our expected ability to develop adequate infrastructure and that the cost of doing so will be reasonable;
  • assumptions that all necessary permits and governmental approvals will be obtained;
  • assumptions made in the interpretation of drill results, the geology, grade and continuity of the Company’s mineral deposits;
  • our expectations regarding demand for equipment, skilled labour and services needed for exploration and development of mineral properties; and
  • our activities will not be adversely disrupted or impeded by development, operating or regulatory risks.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation:

  • uncertainty of whether there will ever be production at the Company’s mineral exploration and development properties;
  • uncertainty of estimates of capital costs, operating costs, production and economic returns;
  • uncertainties relating to the assumptions underlying the Company’s resource and reserve estimates, such as metal pricing, metallurgy, mineability, marketability and operating and capital costs;
  • risks related to the Company’s ability to commence production and generate material revenues or obtain adequate financing for its planned exploration and development activities;
  • risks related to the Company’s ability to finance the development of its mineral properties through external financing, strategic alliances, the sale of property interests or otherwise;
  • risks related to the third parties on which the Company depends for its exploration and development activities;
  • dependence on cooperation of joint venture partners in exploration and development of properties;
  • credit, liquidity, interest rate and currency risks;
  • risks related to market events and general economic conditions;
  • uncertainty related to inferred mineral resources;
  • risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of the Company’s mineral deposits;
  • risks related to lack of infrastructure;
  • mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in development, construction or production;
  • the risk that permits and governmental approvals necessary to develop and operate mines on the Company’s properties will not be available on a timely basis or at all;
  • commodity price fluctuations;
  • risks related to governmental regulation and permits, including environmental regulation;
  • risks related to the need for reclamation activities on the Company’s properties and uncertainty of cost estimates related thereto;
  • uncertainty related to title to the Company’s mineral properties;
  • the Company’s history of losses and expectation of future losses;
  • uncertainty as to the outcome of potential litigation;
  • uncertainty inherent in litigation including the effects of discovery of new evidence or advancement of new legal theories, the difficulty of predicting decisions of judges and juries and the possibility that decisions may be reversed on appeal;
  • risks related to the Company’s significant shareholders;
  • risks related to increases in demand for equipment, skilled labour and services needed for exploration and development of mineral properties, and related cost increases;
  • increased competition in the mining industry;
  • the Company’s need to attract and retain qualified management and technical personnel;
  • uncertainty as to the Company’s ability to acquire additional commercially mineable mineral rights;
  • risks related to the integration of potential new acquisitions into the Company’s existing operations;
  • risks related to unknown liabilities in connection with acquisitions;
  • risks related to conflicts of interests of some of the directors of the Company;
  • risks related to global climate change;
  • risks related to adverse publicity from non-governmental organizations;
  • uncertainty as to the Company’s ability to maintain the adequacy of internal control over financial reporting as per the requirements of the Sarbanes-Oxley Act;

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in Company’s Annual Information under the heading "Risk Factors” and elsewhere.

The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Cautionary Note to United States Investors

Unless otherwise indicated, all reserve and resource estimates included or incorporated by reference on this website have been prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves ("CIM Definition Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission ("SEC”), and reserve and resource information contained in this presentation may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term "resource” does not equate to the term "‘reserves”. Under U.S. standards, mineralization may not be classified as a "reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning "measured mineral resources”, "indicated mineral resources” or "inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves” by U.S. standards in documents filed with the SEC. U.S. investors should also understand that "inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource” will ever be upgraded to a higher category. Under Canadian rules, estimated "inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of an "inferred mineral resource” exists or is economically or legally mineable. Disclosure of "contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves” are also not the same as those of the SEC, and reserves reported by Group Eleven in compliance with NI 43-101 may not qualify as "reserves” under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable to information made public by companies that report in accordance with United States standards.

United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.

Non-Solicitation

This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Group Eleven to that effect.

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