Joshua Gold Resources (JSHG) Message Board

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Gold/Mining/Energy : Joshua Gold Resources (JSHG)

JSHG 0.00480

+11.6%

Oct 22 12:07 PM EST

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To: Zilyunz who wrote (24)	8/6/2015 3:36:01 PM
From: Zilyunz	Read Replies (1) of 26

Moving ahead with oil services technology, away from gold ... Joshua Gold Announces Shareholder Update OAKVILLE, ON--(Marketwired - Aug 6, 2015) - Joshua Gold Resources Inc. ("Joshua" or the "Company") (OTC PINK: JSHG) reports that, following on from the announcement earlier in which the Company entered in to a Distribution Agreement with Clean Oil Innovations Inc. ("COI") to acquire the Canadian rights to COI's KBT-1 technology, it has been moving ahead to implement this new business direction. COI, through independent laboratory testing, has proven the efficacy of their proprietary oil separation technology, KBT-1. The following summary of a core flood extraction test conducted by Core Laboratories on an oil sands sample shows the greatly increased recovery achieved through the use of KBT-1 alone as measured against a steam extraction test and a steam and diesel test. The results showed a 425% increase over the recovery of the Original Oil in Place of the steam injection test. It should also be noted that the KBT-1 recoveries took place in about 1/5(th) of the time and without heat stimulation greatly decreasing the associated carbon footprint. The Company is in the process of retaining an auditing firm to audit the Company's financial statements in order to assist in bringing its corporate filings up to date. In addition the Company has prepared the necessary documents to request shareholder authority to proceed with its proposed name change. The Company has also divested its mineral properties in return for the cancellation of $100,000 of preferred shares. Further updates are expected shortly. On Behalf of the Board of Directors, Ben Fuschino Acting President

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