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LEVEL 14 FILES TECHNICAL REPORT FOR COLPAYOC PROPERTY AND MANAGEMENT INFORMATION CIRCULAR FOR THE PROPOSED ACQUISITION

Vancouver, British Columbia, December 22, 2021 – Level 14 Ventures Ltd. (“Level 14” or the “Company”) (CSE: LVL) announces that, further to its press release dated November 17, 2021, it has filed on SEDAR a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant technical report (the “Report”) with respect to the Colpayoc gold prospect in northern Peru, which is comprised of 3 concessions totaling approximately 1,580 hectares (the “Property”).

The Report, entitled, “Technical Report on the Colpayoc Gold Property”, is written by Steven L. Park and dated effective December 20, 2021. Mr. Park is a “qualified person” as defined in NI 43-101 and is independent of the Company. The Report was prepared in connection with the Company’s proposed acquisition of Bridle Capital Ltd. (“Bridle”), which is a privately held company that holds an option to acquire a 100% interest in the Property, as described in further detail in the press release dated November 17, 2021 (the “Transaction”). The Company is also pleased to announce that it has filed its management information circular and related proxy materials (“Meeting Materials”) for the special (and annual general) meeting of shareholders of the Company to be held in connection with the Transaction.

The Report and Meeting Materials have been filed under the Company’s profile on SEDAR at www.sedar.com.

As described in the press release dated November 17, 2021, in connection with the proposed Transaction Level 14 expects to complete a non-brokered private placement of shares for aggregate gross proceeds of C$3,000,000 (the “Concurrent Financing”). The Concurrent Financing is expected to be comprised of 15,000,000 shares of Level 14 at C$0.20 per share. If the Company proceeds with a proposed consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation share for every one and one half (1.5) pre-consolidation shares, as described in more detail in the Circular, the Concurrent Financing is expected to be comprised of 10,000,000 shares of Level 14 at C$0.30 per share. Net proceeds of the Concurrent Financing are intended to fund the proposed exploration programs for the Company’s mineral properties, as well as to cover general working capital purposes. Finder’s fees or commissions may be paid in connection with the Concurrent Financing in accordance with the policies of the Canadian Securities Exchange (the “Exchange”).

About Level 14 Ventures Ltd.

Level 14 is an exploration-stage mining company with a focus on precious metals. The Company owns the Green Mountain Property through its wholly owned subsidiary. The Green Mountain Property, located in British Columbia, Canada, consists of 3 contiguous digitally registered mineral tenures totaling approximately 5,593.5 hectares. The Company intends to grow through the acquisition of other mineral properties and continues to evaluate other opportunities on an ongoing basis.

For further information or should you have any questions, please feel free to email us at [email protected].

Marcel de Groot, Director

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information in this news release includes, without limitation, statements regarding the completion of the proposed Transaction, the Concurrent Financing, the anticipated business plan of the Company subsequent to completion of the proposed Transaction, and growth through the acquisition of other mineral properties. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the market for precious metals or other minerals that may be produced generally, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR at www.sedar.com.

LEVEL 14 TO ACQUIRE COLPAYOC PROPERTY IN YANACOCHA DISTRICT, NORTHERN PERU

Vancouver, British Columbia, November 17, 2021 – Level 14 Ventures Ltd. (“Level 14” or the “Company”) (CSE: LVL) announces that it has entered into a definitive share purchase agreement (the “Agreement”), dated November 17, 2021, with each of the shareholders (collectively, the “Vendors”) of Bridle Capital Ltd. (“Bridle”) to acquire all of the outstanding share capital of Bridle. Bridle is a privately held company that holds an option to acquire a 100% interest in the Colpayoc gold prospect (“Colpayoc”) in northern Peru. Colpayoc is comprised of 3 concessions totaling approximately 1,580 hectares (the “Property”). As consideration for all of the outstanding share capital of Bridle, Level 14 will: (i) issue 36 million common shares of the Company to the Vendors; (ii) reimburse expenses in the amount of US$625,000; and (iii) grant a one percent (1%) net smelter return (“NSR”) royalty on the Property (collectively, the “Transaction”).

Colpayoc Property, Peru

Colpayoc is located approximately 10 kilometers west of the town of Cajamarca, the capital of the Department of Cajamarca, and approximately 18 kilometers southwest of the Yanacocha gold mine. Colpayoc is within the Yanacocho gold district, which is the largest gold district in South America and contains mainly volcanic-hosted epithermal and porphyry-hosted gold mineralization. The main target at Colpayoc is porphyry-hosted gold mineralization.

Highlights of the Transaction

Upon closing of the Transaction, Level 14 will acquire all of the outstanding share capital of Bridle and will assume Bridle’s right, through Bridle’s wholly owned Peruvian subsidiary, to earn up to a 100% interest in the Property, which right is exercisable by completing the following:

Two Jose Concessions

  • US$500,000 in cash payments (paid) upon signing and registering the earn-in agreements
  • US$150,000 cash payment upon receiving approvals to undertake exploration commitments
  • 75% Option – US$1,500,000 cash payment & US$3,000,000 exploration expenditures within 2 years of approvals
  • 25% Option – US$1,500,000 cash payment & US$2,000,000 exploration expenditures within 4 years of approvals
  • 2% NSR royalty (subject to a Company buyback right) granted to the owners upon acquisition of 100% interest

El Ferrol Concession

  • US$50,000 cash payment upon signing the earn-in agreement (paid)
  • US$50,000 cash payment 1 year from signing the earn-in agreement
  • US$75,000 cash payment 2 years from signing the earn-in agreement
  • US$75,000 cash payment 3 years from signing the earn-in agreement
  • 2% NSR royalty (subject to a Company buyback right) granted to the owner upon acquisition of 100% interest

Technical Report

The Company has engaged a Qualified Person to prepare a technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) with respect to the Property. This report will include a proposed work program and budget for the exploration and development of the Property.

The Concurrent Financing

In connection with the proposed Transaction, Level 14 expects to complete a non-brokered private placement of shares for aggregate gross proceeds of C$3,000,000 (the “Concurrent Financing”). The Concurrent Financing is expected to be comprised of 15,000,000 shares of Level 14 at C$0.20 per share. Net proceeds of the Concurrent Financing are intended to fund the Company’s properties as well as to cover general working capital purposes. Finder’s fees or commissions may be paid in connection with the Concurrent Financing in accordance with the policies of the Canadian Securities Exchange (the “Exchange”).

Other Considerations

The proposed transaction will be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). As a result, a material change report and an information circular in respect of the proposed Transaction will be prepared and filed on SEDAR in accordance with MI 61-101.

The proposed Transaction is subject to a number of conditions, including, but not limited to, the following: approval of the Exchange; receipt of a technical report with respect to the Property completed in accordance with NI 43-101; due diligence; and receipt of the approval of the shareholders of Level 14.

The Company will issue a further new release upon finalizing and filing of the aforementioned NI 43-101 compliant technical report and information circular.

CFO Appointment

Christian Uria has been appointed CFO of the Company to replace Victoria McMillan who has resigned due to other commitments. The Company thanks Ms. McMillan for her time as CFO of the Company.

About Level 14 Ventures Ltd.

Level 14 is an exploration-stage mining company with a focus on precious metals. The Company owns the Green Mountain Property through its wholly owned subsidiary. The Green Mountain Property, located in British Columbia, Canada, consists of 3 contiguous digitally registered mineral tenures totaling approximately 5,593.5 hectares. The Company intends to grow through the acquisition of other mineral properties and continues to evaluate other opportunities on an ongoing basis.

For further information or should you have any questions, please feel free to email us at [email protected].

Marcel de Groot, Director

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information in this news release includes, without limitation, statements regarding the completion of the proposed Transaction, the Concurrent Financing, the anticipated business plan of the Company subsequent to completion of the proposed Transaction, and growth through the acquisition of other mineral properties. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the market for precious metals or other minerals that may be produced generally, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR at www.sedar.com. 

LEVEL 14 ANNOUNCES AND CLOSES A NON-BROKERED PRIVATE PLACEMENT OF $1.02 MILLION

Vancouver, British Columbia, April 30, 2021 – Level 14 Ventures Ltd. (“Level 14” or the “Company”) announces that it has completed a non-brokered private placement of units (the “Units”) of Level 14 (the “Offering”). The Company issued 18,546,000 Units at a price of $0.055 per Unit for aggregate gross proceeds of $1,020,030 with each Unit comprised of one (1) common share (“Common Share”) and one (1) share purchase warrant (“Warrant”) of Level 14. Each whole Warrant entitles the holder thereof to purchase one Common Share at a price of $0.10 per share expiring five (5) years from the date of issuance.

The Company paid no cash commissions pursuant to the Offering.

The Company intends to use the gross proceeds raised under the Offering for working capital and potential future acquisitions.

The securities issued are subject to a four month hold period from the date of issuance.

Related Party Participation in the Private Placement

Insiders subscribed for 13,254,900 Units of the Offering for a total of 71.47% of the Offering. As insiders of Level 14 participated in the Offering, it is deemed to be a “related party transaction” as defined under Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

Neither the Company, nor to the knowledge of the Company after reasonable inquiry, a related party, has knowledge of any material information concerning the Company or its securities that has not been generally disclosed.

The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(c) and 5.7(1)(b)) as it was a distribution of securities for cash and neither the fair market value of the Units distributed to, nor the consideration received from, interested parties exceeded $2,500,000. Level 14 did not file a material change report with respect to the participation of the insiders at least 21 days prior to the closing of the Offering as participation details were not determined at that time.

About Level 14 Ventures Ltd.

Level 14 is an exploration-stage mining company with a focus on precious metals. The Company has one exploration asset, the Green Mountain Property, owned through its wholly-owned subsidiary, located in British Columbia, Canada. The Green Mountain Property consists of 3 contiguous digitally registered mineral tenures totaling approximately 5,593.5 hectares, upon which the Company will be completing Phase I of its exploration program during 2021. The Company intends to grow through acquisition of other mineral properties and continues to consider other opportunities to acquire and explore mining claims as they arise.

For further information or should you have any questions, please feel free to email us at [email protected].

Marcel de Groot, Director

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information in this news release includes, without limitation, the statements regarding the use of proceeds, completion of Phase I of the exploration program on the Green Mountain Property, and growth through the acquisition of other mineral properties. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the market for precious metals or other minerals that may be produced generally, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR at www.sedar.com.

LEVEL 14 TO COMMENCE TRADING ON THE CSE

VANCOUVER, BC, December 11, 2020 (CSE: LVL) – Level 14 Ventures Ltd. (the “Company” or “Level 14”) is pleased to announce that its common shares will commence trading effective at the open of the Canadian Securities Exchange (“CSE”) on Monday, December 14, 2020 under the ticker symbol “LVL”.

Level 14 is a newly formed mineral exploration company focused on the identification of opportunities within the base and precious metals space. The Company is currently exploring its Green Mountain Project in south-central British Columbia.

Mr. Marcel de Groot, Director, commented, “We look forward to continuing our work on the Green Mountain Project and will work to identify, and potentially acquire, additional property interests, assess their potential and engage in further exploration activities. The CSE listing will provide Level 14 with increased access to capital and liquidity and will provide us with the platform we need to scale our business.”

For further information or should you have any questions, please feel free to email us at [email protected].

Marcel de Groot, Director

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to future events or future performance of Level 14, Level 14’s plans regarding future exploration activities and the acquisition of additional property interests, benefits arising from the listing of Level 14’s common shares on the CSE, the ability of Level 14 to scale its business, and management’s expectations regarding Level 14’s growth. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Level 14 to control or predict, that may cause Level 14’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading “Risk Factors” in the Company’s final non-offering long form prospectus dated November 30, 2020 available for review on the Company’s profile at www.sedar.com. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. 

CORPORATE UPDATE

VANCOUVER, BC, December 2, 2020 /Symbol “LVL” / – Level 14 Ventures Ltd. (the “Company” or “L14”) is pleased to announce that the Company has filed and obtained a receipt for its final non-offering prospectus (the “Prospectus”) from the securities regulatory authorities in the Provinces of British Columbia and Alberta.

L14 also has received conditional approval to list the Company’s common shares on the Canadian Securities Exchange (“CSE”) subject to the completion of customary requirements, including the receipt of all required documentation. Once the Company receives final approval from the CSE, the common shares of L14 will trade on the CSE under the ticker symbol “LVL”. The Company will confirm the listing date for the common shares at a later date.

Marcel de Groot, Director, commented, “This marks a major milestone for L14 and its shareholders. We look forward to moving forward with our work on the Green Mountain Property located in the Osoyoos Mining District Division in south-central B.C. The CSE listing will provide increased access to capital, liquidity, and give us the platform we need to scale our business”.

Again, to all our shareholders, we very much appreciate your ongoing support and will keep you apprised of our progress as we initiate work on the Green Mountain Property as well as continuing to pursue more opportunities in the mining sector with a particular focus on gold projects.

For further information or should you have any questions, please feel free to email us at [email protected].

Marcel de Groot, Director

About Level 14 Ventures Ltd.

Level 14 is a newly formed mining exploration company focused on exploring for primarily main stream metals such as copper and gold and is currently exploring its Green Mountain Project in south-central British Columbia. The Company is headquartered in Vancouver, British Columbia and has obtained conditional approval to list its common shares on the CSE.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to future events or future performance of L14, the listing of common shares on the CSE, and management’s expectations regarding L14’s growth. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of L14 to control or predict, that may cause L14’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading “Risk Factors” in the Company’s final non-offering long form prospectus dated November 30, 2020 available for review on the Company’s profile at www.sedar.com. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.