REM Avarone Metals, Inc.

Britannia Mining, Inc. (OTC PINK: BMIN) (PINKSHEETS: BMIN) ("Britannia" or the
"Company"), a UK based mining development Company, announced today that the
Company is meeting the required milestones set by European structured finance
and private equity firm, REM Capital ("REM"), in order to close a financing
facility of $30 Million. 


On the heels of presenting Britannia with a draft timetable (announced on June
5th), management has provided REM with the requested business plan and financial
projections. These clearly illustrate how the company intends to use capital to
advance its existing projects and make acquisitions to increase revenue
potential. REM's structured finance proposal utilizes a Special Purpose Vehicle
("SPV") that will provide the framework for Britannia's capital financing. 


CEO of Britannia Mining Kenneth Roberts commented, "Meeting this milestone is
pertinent to our funding timetable, as it initiates preparations for REM to
issue a formal term sheet for a non-dilutive financing facility. This is an
extremely exciting position for the Company as the issuance of the term sheet
moves the financing closer to completion." 


The Chief Executive Officer of REM Capital, Gavin Scott, stated, "A robust
business plan that demonstrates positive cash flow, along with an element of
cash collateral and adequate security, are the core components that underpin the
SPV facility. Having met with Britannia and their various JV partners on several
occasions, we are confident these components will continue to be delivered. The
proposed facility will be used to draw down working capital that Britannia will
use to advance the Company's core interests in gold and iron ore, as well as to
capitalize on the significant opportunity secured through iron ore stockpiles in
Malaysia. We are confident the structured finance will help to unlock the value
that is clearly inherent in the Company."  


Mr. Roberts concluded, "We are very fortunate to be in a favorable position
where both our anticipated cash flows and capital infusions are expected to be
bountiful. This year holds great promise for us. Britannia should close out 2014
in a very positive revenue and cash position."


About REM Capital 

REM Capital Management is a European structured finance house backed and
supported by leading figures, including a founder of the modern private equity
industry in Europe. REM Capital brings together heavyweights of industry,
leading experts in private equity, real estate, hedge funds, fund management,
emerging markets and banking. The firm's partnership consists of connected
industry professionals, highly awarded and recognized people.


About Britannia Mining

Britannia Mining is a natural resources development company that is focused on
acquiring high quality mineral, mining and other commodity-based projects. The
company is committed to developing revenues by conducting exploration,
evaluation and trading activities. The company's mission is to secure
commodities by developing immediate and near term product pipelines for iron ore
and other natural resources.


Acquisition Focus
The Company is targeting revenue producing assets and is currently in
negotiations regarding acquisition and trading of mineral stockpiles.


Exploration Focus 
The company has been developing a high grade iron ore project in Malawi and is
currently renewing the Exclusive Prospecting License (EPL) for iron ore over 650
sq. km at Nthale Blantyre. The company is targeting 100 Million Tons (MT) iron
at Nthale Hill (20 sq. km).


Britannia Mining has inherited the legacy projects (Gold claims) of the former
Micron Enviro Systems in the Yukon and plans to conduct sampling on this area.


For more information, please visit www.BritanniaMining.com.

Safe Harbor
This news release contains forward-looking statements. Forward-looking
statements are statements which relate to future events. In some cases, you can
identify forward-looking statements by terminology such as "may,'' "should,''
"expects,'' "plans,'' "anticipates,'' "believes,'' "estimates,'' "predicts,''
"potential'' or "continue'' or the negative of these terms or other comparable
terminology. These statements are only predictions and involve known and unknown
risks, uncertainties and other factors that may cause our or our industry's
actual results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which they are based,
are made in good faith and reflect our current judgment regarding the direction
of our business, actual results will almost always vary, sometimes materially,
from any estimates, predictions, projections, assumptions or other future
performance suggested herein. Except as required by applicable law, including
the securities laws of the United States, the Company does not intend to update
any of the forward-looking statements to conform these statements to actual
results. Readers are referred to the sections entitled "Risk Factors'' in the
Company's periodic filings with the United States Securities and Exchange
Commission, which can be viewed at http://www.SEC.gov. For all details regarding
working interests in all of BMIN's mining prospects or any previous news
releases go to OTC Markets website. You should independently investigate and
fully understand all risks before making investment decisions.



FOR FURTHER INFORMATION PLEASE CONTACT: 

Contact information
Team BMIN 
(646) 580-1153 
www.britanniamining.com

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