Equitas Resources Corp. Provides an Update on its Garland Exploration Program

September 23rd, 2015 – Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) (“Equitas” or the “Company”) is pleased to provide an update for its Phase 2 program on the Garland nickel-copper property in Labrador, Canada. Due to initial results from current ground geophysical work Equitas has acquired additional claims to the west adjoining the Garland property. Twelve anomalies have now been identified and the Company has commenced drilling.

The 2015 Phase 2 field program at the Garland project kicked off on August 23rd, with field crews arriving at the recently completed 25-person field camp near the west end of Tasiuluk lake, at the northern end of the property. Despite being hampered by poor weather conditions limiting helicopter operations, significant progress has been made in the evaluation of conductivity anomalies detected by the VTEM survey flown in March.

Further interpretation from final processing of the B-field Tau component of the VTEM data has resulted in three new conductive signatures being identified at O, P and Q (see attached map). Tau anomalies can reflect more conductive bodies with slowly decaying signal, typical of large massive sulphide bodies.

Geological mapping and prospecting have been completed over all of the conductivity target areas except anomaly M. No possible sources for the underlying conductivity have been identified in the outcrops examined to date. This is not unexpected, considering the interpreted depths of the VTEM anomalies, significant overburden cover, and the exploration model that considers favourable target rocks to be overlain by younger ferrodiorite and ferrogranite intrusions.

A total of 39 km of line-cutting has been completed over the anomalies. Large Loop PEM surveying by Crone Geophysics has been completed at anomalies A, B, C and Q. At anomalies A and B, the response signatures have been explained by highly magnetic lithologies coupled with low VTEM bird height, creating an apparent conductivity anomaly termed Super Para-Magnetic effect (SPM). These targets are of no further interest.’

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