Minerva Announces Expansion into Australia and New Zealand Markets with Allinno Partnership

VANCOUVER, BC, June 29, 2020 /CNW/ - Minerva Intelligence Inc. (TSXV: MVAI) ("Minerva" or the "Company"), an artificial intelligence company focused on knowledge engineering, is pleased to announce that their TERRA Mining AI Suite will now available to companies in Australia and New Zealand through a partnership with Allinno, a leading systems integrator and consulting firm based in Australia.

The TERRA MINING AI Suite is Minerva's diverse software suite of cognitive AI applications for the mining and exploration fields that can: 

1. consolidate and harmonize a company's data sets and align them to a chosen standard
2. provide customized tagging and search capabilities for an organization's geological documents
3. use artificial intelligence to identify multi-element zones in drilling data which are too time consuming and complicated to identify by conventional means, and
4. generate robust, explainable exploration targets for green and brownfields datasets through a cognitive advice system. 

"Allinno is excited to be bringing Minerva's artificial intelligence technology to Australia and New Zealand," said Greg Macpherson, Director of Innovation and Delivery at Allinno. "The ground-breaking AI software and services offered by Minerva represent a fundamental change for the economic geology field as exploration companies seek ways to more efficiently analyze data. We feel TERRA's unique workflows and insights will bring enormous benefits to our clients."

Minerva's revolutionary products are already in use by mining and exploration companies around the globe, with proven results seen in such far-flung locations as Canada's Yukon Territory, Papua New Guinea, Brazil, and Morocco.

"We are ecstatic to be partnering with Allinno and see this agreement as a critical component of our go-to-market strategy," said Scott Tillman, Chief Executive Officer of Minerva Intelligence. "Australia and New Zealand are one of the largest mining territories in the world, so our partnership with Allinno to offer our solutions in those regions represents a natural next step for Minerva in the global commercialization of our TERRA Mining AI Suite."

About Minerva Intelligence, Inc.

Minerva Intelligence Inc. is a knowledge engineering company based in Vancouver, Canada, with a subsidiary office in Darmstadt, Germany. Their proprietary evidence-based decision-making software is bringing the benefits of artificial intelligence technology to industries dependent on reasoning with complex technical and scientific data.

Although Minerva's applications currently focus on earth science-related domains including natural hazards and mineral exploration, their technology has application in diverse industries and domains.

Minerva's common shares are currently listed on the TSX Venture (symbol MVAI). 

For further details, please refer to their website (www.minervaintelligence.com).

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.

Cautionary Note Regarding Forward-Looking Statements

Forward Looking Information: This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. All information in this release, other than information of historical facts, including, without limitation, the availability of financing to the Company are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from the forward-looking information include changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, regulatory changes, delays in receiving approvals, and other risks detailed herein and from time to time in the filings made by the Company with securities regulatory authorities in Canada. Mineral exploration and development of mines is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking information. For more information on the Company and the risks and challenges of our business, investors should review our continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. 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 press release.

SOURCE Minerva Intelligence Inc.

Dan Vroon, Business Development Manager, [phone], [email protected]; Virtus Advisory Group, Investor Relations, [phone], [email protected]