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TORONTO, June 18, 2021 (GLOBE NEWSWIRE) – Giyani Metals Corp. (TSXV: EMM, GR: A2DUU8) (“Giyani“or the”Company“) is pleased to announce the start of an induced polarization (“IP“) on its Otse manganese prospect (“Otsé“), a historically operated property located in the Kanye Basin in south-eastern Botswana. In addition, an annual grant of stock options was made to the three non-executive directors of the Company following their re-election. .

Otse IP Program

Spectral Geophysics has been appointed as a contractor to complete the 3D-IP survey (the “Investigation”) To Otsé. The objective of the survey is to detect manganese oxide mineralization under the overburden and define drill targets. The survey area will be approximately 50 hectares; focus on two areas surrounding two historic pits (see Figure 1); and be conducted using IRIS Instruments FullWaver systems, using 20 independent receiving nodes and a sufficient number of current injection nodes to achieve the appropriate penetration depth and spatial resolution. A minimum of 40 current injection points will be used with a potential dipole length of 25 m and a dipole spacing of 25 m in the north-south direction and 50 m in the east-west direction. The mobilization will begin in the week of June 21, 2021.

Figure 1: Planned location of the 3D-IP survey
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Grant of stock options

At the Company’s annual meeting of shareholders held on June 17, 2021, all matters put to a vote were adopted, including the re-election of the members of the board of directors. In accordance with Company policy, an annual grant of a total of 450,000 stock options (each a “Option“) has been made to the three non-executive directors of the Company under the terms of its stock option plan. Each option may be exercised in one ordinary share (a”Share“) of the Company at a price of $ 0.40 per option for a period of five years from the date of grant, being today. All options vest immediately.

About Giyani

Giyani is a mineral resources company focused on advancing its manganese assets in the Kanye Basin in southeastern Botswana, Africa (the “Kanye Basin Outlook“). The Kanye Basin outlook includes the Kgwakgwe Hill mine and producing project, known as the K. Hill Project, as well as the Otse and Lobatse manganese prospects, both of which have seen historic mining activities. The Company’s strategy is to become a low carbon footprint producer of high purity electrolytic manganese precursor materials used by battery manufacturers for the expanding electric vehicle market.

Additional information and corporate documents can be found at www.sedar.com and on the Giyani Metals Corp website. at https://giyanimetals.com/.

About spectral geophysics

Spectral Geophysics was founded in 1993 by two geophysicists operating in South Africa and Botswana. Current operations span across Africa, India and the Middle East. The company prides itself on its ability to provide geophysical services to any industry and to use the full spectrum of geophysical techniques in a cost-effective, solution-oriented approach. For more information visit: http://www.spectralgeophysics.com/.

On behalf of the Board of Directors of Giyani Metals Corp.

Robin Birchall, CEO

Contact:
Robin Birchall CEO, Director
+44 7711 313019
rbirchall@giyanimetals.com

Judith Webster
Secretary General and Investor Relations
+1 416 453 8818
jwebster@giyanimetals.com

Neither the TSX Venture Exchange (the “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 press release.

The securities described in this document have not been registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), or any state securities law and, by therefore, may not be offered or sold to, or on behalf of or for the benefit of, persons in the United States or “United States persons” as that term is defined in Regulation S promulgated under the US Securities Act (“US Persons ”), except in accordance with or exemptions from the registration requirements of the US Securities Act and applicable state securities obligations. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company to, or on behalf of, persons in the United States or US Persons.

Forward-looking information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. All statements in this press release, other than statements of historical fact, that deal with events or developments that Giyani expects to occur, are “forward-looking statements”. Forward-looking statements are statements which are not historical facts and which are generally, but not always, identified by the words “expects”, “does not expect”, “anticipates”, “anticipates”, ” does not anticipate “,” believe “,” consider “,” estimates “,” projects “,” potential “,” planned “,” forecast “,” budget “and similar expressions, or that events or conditions” will be “,” would “,” could “,” could “,” should “or” could “occur. The specific forward-looking statements and forward-looking information contained herein include the completion of receipt of the approval of the TSX Venture Exchange for the private placement and the completion of the private placement.

All of these forward-looking statements are based on the opinions and estimates of relevant management as of the date such statements are made and are subject to certain assumptions, significant risk factors and uncertainties, many of which are beyond Giyani’s ability to control or to forecast. Forward-looking statements are necessarily based on estimates and assumptions which are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual results, level of activity, performance or achievements are materially different from those expressed or implied by these forward-looking statements. forward-looking statements. In Giyani’s case, these facts include their planned operations in future periods, the planned exploration and development of its properties, and plans related to its business and other matters that may arise in the future. This information relates to analyzes and other information based on future performance expectations and planned work programs.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without being limited to: the dangers and risks inherent in exploration; risks associated with the exploration and development of natural resource properties; uncertainty over Giyani’s ability to secure funding; fluctuations in commodity prices; recent market events and conditions; risks associated with the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in the economic estimate; risks related to government regulations; risks associated with obtaining the necessary licenses and permits; risks associated with their business being subject to environmental laws and regulations; risks related to their mining properties subject to prior unregistered agreements, transfers or claims and other defects of title; risks associated with competition from large companies with more financial and technical resources; risks associated with the inability to meet financial obligations under agreements to which they are party; ability to recruit and retain qualified personnel; and the risks associated with the association of their directors and officers with other natural resource companies, which may give rise to conflicts of interest. This list is not exhaustive of the factors that may affect Giyani’s forward-looking information. If one or more of these risks and uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results could differ materially from those described in the forward-looking information or statements.

Giyani’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management at the date the statements are made, and Giyani assumes no obligation to update forward-looking information if the circumstances or beliefs, management’s expectations or opinions change, except as required by law. For the reasons set out above, investors should not place undue reliance on forward-looking information. For a full discussion of Giyani and the risks associated with forward-looking information and forward-looking statements, please refer to Giyani’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.