Pursuit Minerals Limited has received geochemical results from the second batch of re-sampling of five historical drill holes from the Koitelainen Vosa Prospect in northern Finland. Results from the first batch of 11 re-sampled historical drill holes were previously announced on 9 January 2019. The geochemical results from the second batch of holes further confirms that vanadium mineralisation at Koitelainen produced exceptionally high-grade vanadium magnetite concentrates with the majority of intersections ranging from 2.0 - 3.4% V2O5. Intervals in holes M374176R319, M374178R339 and M374177R332 recorded magnetite concentrate values of 2.7%, 3.0% and 3.4% V2O5, respectively. Koitelainen Vosa has an estimated Exploration Target of 80 - 105Mt, containing 4.0 - 10.5Mt of magnetite @ 2.0 - 2.3% V2O5 (in magnetite concentrate) for 80,000 - 241,000 tonnes of V2O5. The Exploration Target was estimated in accordance with JORC (2012), utilising data from 3,742m of drilling from 25 historical drill holes. Pursuit Minerals Managing Director Jeremy Read said the results from the re-analysis of these five additional historical holes continued the strong trend of very positive results from the Koitelainen Project. The vanadium mineralisation at the Koitelainen Vosa prospect occurs in a vanadium enriched gabbro, which is up to 98m thick. There are two main vanadium mineralised horizons in the magnetite gabbro. These horizons dip to the east. Magnetic data suggests that the blocks of vanadium mineralisation also plunge gently to the north-east. The vanadium mineralisation extends from the surface and has been drilled to a maximum depth of 210m. The mineralisation is open down dip at depth. In mid 2018, Pursuit compiled geochemical assay data from 25 historical drill holes2, for a total of 3,742m and confirmed the location of several drill holes in the field. A consistent set of vanadium in magnetite concentrate data was able to be constructed for the 25 drill holes and Pursuit retained Measured Group to estimate an Exploration Target for the Koitelainen Vosa Prospect. Measured Group estimated an Exploration Target of 80 - 105Mt, containing 4.0 - 10.5Mt of magnetite @ 2.0 - 2.3% V2O5 (in magnetite concentrate) for 80,000 - 241,000 tonnes of contained V2O5, at Koitelainen Vosa3. A total of 16 historical drill holes were able to be re-analysed using modern geochemical techniques. The results from all 16 holes have now been received. For each vanadium mineralised interval, whole rock geochemical analyses were completed. If the whole rock interval recorded a vanadium value of greater than 0.1% V, then a magnetite concentrate was produced using the Davis Tube Recovery (DTR) method and analysed by XRF. The whole rock geochemical values indicate the vanadium mineralisation in the 16 historical drill holes varies in down-hole thickness from 3.5m to 96.85m and averages 20m thick. The vanadium grades in the whole rock vary from 0.2% - 0.6% V2O5 and average 0.4% V2O5. The magnetite concentrates produced by DTR vary in grade from 0.9% - 3.6% V2O5 and average 2.0% V2O5, which is considered very high-grade. The mass recovery (the percentage of magnetite extracted from the whole rock) varies from 1.6% to 9.7% and averaged 5%. The average mass recovery for the vanadium mineralisation, producing vanadium magnetite concentrates in excess of 2.0% V2O5, was 5.2%. Pursuit has commenced a test program to determine if varying the conditions of the DTR will increase mass recovery. A summary of the geochemical results from all 16 re-analysed holes is given in Table One and illustrated in Figures Two and Three. A representative geological cross-section. The full geochemical results for the second batch of five re-analysed historical drill holes are given in Appendix Two. The geochemical results from all 16 historical drill holes have now been provided to the Competent Person at Measured Group, which Pursuit has contracted to upgrade the Koitelainen Exploration Target to a JORC Inferred Mineral Resource. The new JORC Inferred Mineral Resource is expected to be announced early February 2019.