EXPLORATION AGREEMENT WITH RIO TINTO – RIO TINTO and BRC DIAMONDCORE LTD.

BRC DiamondCore announced that the Company has entered into an joint venture agreement with Rio Tinto Minerals Development Limited for the exploration for iron ore in areas within the Province Orientale, Democratic Republic of the Congo. Under the JV Agreement, the Company will own 25% with Rio Tinto owning 75% of the share capital.

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