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WAI Capital Investments Corp. ships one millionth tonne of high quality Guinea iron ore from its For

    23 May 2018 - WAI Capital Investments Corp. (‘the Company’) is pleased to announce that with the completion of the loading of the , has produced and shipped its first one million tonnes of high-grade 65% iron concentrate from Forecariah Mine.

    The achievement of this significant milestone occurred ahead of schedule and highlights the successful ramp-up of Forecariah since the Company announced the mine’s restart in November 2017 and commenced operations at the plant on February 14, 2018. Company anticipates that the mine will reach its annual full capacity of 6.2 mtpa by the end of June.

    The delivery and sale of the Forecariah iron ore concentrate to end-users in Asia, Europe and the Middle East via Company’s off-take partners is being completed at a time where significant premiums are being paid for high quality 65% Fe concentrate versus the 62% Fe benchmark. This is a positive start for a mine that is forecast to generate more than CAD15.1 billion in revenue over the next 20 years, underlining Forecariah potential to be one of the region’s leading long-life iron ore mines and a major contributor to both the Guinean and Canadian economies.

    The delivery and sale of the Forecariah iron ore concentrate to end-users in Asia, Europe and the Middle East via Company’s off-take partners is being completed at a time where significant premiums are being paid for high quality 65% Fe concentrate versus the 62% Fe benchmark. This is a positive start for a mine that is forecast to generate more than CAD15.1 billion in revenue over the next 20 years, underlining Forecariah potential to be one of the region’s leading long-life iron ore mines and a major contributor to both the Guinean and Canadian economies.

    "We are delighted to have reached this milestone. The Company’s ability to deliver a high-quality iron ore product fully in line with specifications is a testament to the hard work of WAI Capital Investments Corp. employees and all of our stakeholders. We look forward to continuing to supply global iron ore markets for many years to come”, stated Executive Chairman and CEO of WAI Capital Investments Corp."

    ON BEHALF OF THE BOARD
    Guy Duport
    CEO


    • Statements in this release that are forward-looking statements are subject to various risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers should also refer to the specific factors disclosed under the heading "Risk Factors" in the Company's filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.
    • Neither 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.

    Date: 23.05.2018