Prophecy Development Corp.

Hudson Resources Receives Excellent Test Results for Paint and Clear Coating Formulations Using Its Greenland Anorthosite

VANCOUVER, British Columbia, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Hudson Resources Inc. ("Hudson" or the "Company") (TSXV: HUD, OTC: HUDRF) is pleased to announce that it has received very favourable test results when using the company’s anorthosite (trade named “GreenSpar”) in paint and clear coating formulations.  The testwork was completed by Marschall Labs Inc, of Clearwater, Florida. The results indicate that GreenSpar performs very well in paint and clear coating applications.  The paints and coatings market is very large, and projected to grow from US$160.54 billion in 2017 to US$209.36 billion by 2022. (Source:
https://home.kpmg.com/xx/en/home/insights/2018/03/industry-update-2018.html)

Samples of GreenSpar 45 (GreenSpar ground to 98% finer than 45 microns) and GreenSpar 15 (98% finer than 15 microns) were used to produce two paint formulations that were evaluated for their general performance as a pigment extender. A further clear coat (urethane) formulation using GreenSpar 15 was tested for its clarity.

Since GreenSpar is free of crystalline silica, it was tested alongside the industry standard, a silica-free, nepheline syenite product.  Below is a summary of the testing:

  • In the white paint formula and deep base paint formula, GreenSpar 45 achieved very similar results to the premium nepheline syenite product including exhibiting improved scrub resistance properties.
  • GreenSpar 15 achieved higher gloss properties in both paint formulations, with nearly the same scrub resistance properties. 
  • GreenSpar 15 achieved the same haze and clarity properties with improved high gloss values, in the clear coating formulation.

In summary, initial independent test results show that GreenSpar demonstrates excellent performance in paint and clear coating applications.  Full test results are available upon request.

James Tuer, Hudson’s President stated: “These results clearly demonstrate that our White Mountain anorthosite has the potential to generate revenue from multiple product streams. We have been working with a number of paint and coating companies who are currently testing our material with the expectation that they will translate into future off take agreements in this new market area.”

Hudson is in the process of completing the construction of the GreenSpar mine in Greenland with commissioning expected to commence in the next two months. Pictures of the construction progress can be found on the company website at https://hudsonresourcesinc.com/gallery.

ON BEHALF OF THE BOARD OF DIRECTORS

     “James Tuer”                 
James Tuer, President

For further information:
James Tuer, President
Ph: 604-628-5002 or 604-688-3415

Forward-Looking Statements

This news release includes certain forward-looking statements or information.  All statements other than statements of historical fact included in this news release, including, without limitation, statements regarding the use of proceeds from the private placement, and other future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  Important factors that could cause actual results to differ materially from the Company's plans or expectations include market prices, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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

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Hudson Resources

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