Maxtech Partners with Maringá Ferro-Liga S.A on Juina Claims in Mato Grosso

Begins Final Phases of GUIA Submission

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Oct 31, 2017, 09:15 ET

VANCOUVER, British Columbia, October 31, 2017 /PRNewswire/ --

Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF), ("Maxtech" or the "Company") is pleased to announce that it is moving forward with due diligence activities on its 100% owned assets in Mato Grosso, Brazil, and is beginning the final phase of exploration in order to acquire a trial mining license ("GUIA").

Maxtech in conjunction with Maringa, is currently coordinating a site visit to its assets in Mato Grosso within the next two weeks to evaluate in preparation for filing an application to the DNPM (National Department of Mineral Production, Departamento Nacional da Produção Mineral) for a GUIA (Guia de Utilizacao, i.e. trial mining use permit) license on the Juina Claims. Upon approval, the Company will have the ability to process "initial high-grade surface tonnage" and mine to a maximum of 6,000 tons of manganese. (as released on May 4th).

Additionally, Maxtech has completed due diligence on the targeted area in the state of Goias. The Company is evaluating the results and will ascertain if further research is warranted.

Peter Wilson, CEO of Maxtech said "This has been an exciting year for Maxtech. As it comes to a close, we are developing strong partnerships globally with potential offtake partners. Their expertise and continuous support of our exploration activities is pivotal to our success as a relevant manganese mining concern."

About Grupo Maringá

Founded in 1946, Grupo Maringá now has over 2,000 employees with over USD $200 million in 2016 revenues. The Maringá companies are located in the states of Paraná and São Paulo. They produce sugar cane, sugar, ethanol, energy and manganese alloy. Maringá Ferro-Liga S.A. is a subsidiary of Grupo Maringá and is located in Itapeva, State of São Paulo. It is the second largest manganese ferroalloy producer in South America, producing high quality silico-manganese and high-carbon ferromanganese.

About Maxtech Ventures Inc.

Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.

Further information about the Company is available on http://www.SEDAR.com under the Company's profile.

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

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.