TCL Asset Group Inc., and Liquidity Services to Manage Sale of Assets from the De Beers Canada Snap Lake Mine

Sale Features $30 Million in Underground and Surface Mining Equipment
as well as Extensive New Inventory

YELLOWKNIFE, June 7, 2017  /CNW/ - TCL Asset Group Inc., and Liquidity Services (NASDAQ: LQDT), today announced the sale of high-value surplus assets from the De Beers Canada Inc. Snap Lake diamond mine, which is currently in extended care and maintenance. Information about the sale can be found on the TCL website www.managingyourassets.com and GoIndustry DoveBid (www.go-dove.com), a Liquidity Services e-commerce marketplace.

This sale features surplus underground and surface mining equipment, construction equipment and new inventory such as tires, wires and cables, transformers, substations and underground mining consumables located at two locations in Yellowknife, Northwest Territories. Major assets are offered by negotiated sale today through July 31, 2017. All other assets will be offered for sale during a two-day webcast auction, which will be held during the week of August 1st, 2017.

Specific assets available include:

• Komatsu haul trucks, wheel loaders, excavators and bulldozers
• Sandvik rock drills, bolters and scooptrams
• Getman articulated vehicles
• Mine Cat and Toyota utility trucks
• SkyTrak telehandlers
• Bridgestone, Firestone and Michelin tires
• UEE/Delta substations and transformers

"This sale is a highly significant event as it not only gives buyers the opportunity to acquire high-quality underground and surface mining equipment from a major global mining company, but also includes an unprecedented volume of brand new equipment parts and consumables." - Terrance Jacobs, CEO of TCL Asset Group Inc.

To learn more about this auction, please contact Terrance Jacobs, CEO of TCL Asset Group Inc., at [email protected] or 416-736-1367; or, Dan Main, Liquidity Services' account executive, at [phone].

About TCL Asset Group Inc.
TCL Asset Group Inc. is a recognized leader in asset management and advisory services. Founded in 1958, the company specializes in machinery and equipment certified appraisals, auctions, private negotiated sales, and real estate auctions. TCL works throughout Canada, the United States, Mexico, Central and South America.

About Liquidity Services
Liquidity Services (NASDAQ: LQDT) employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The company operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. Our superior service, unmatched scale and ability to deliver results enable us to forge trusted, long-term relationships with over 10,000 clients worldwide. With nearly $7 billion in completed transactions, and 3 million buyers in almost 200 countries and territories, we are the proven leader in delivering smart commerce solutions. Visit us at LiquidityServices.com.

SOURCE TCL Asset Group Inc.

Media Contacts: For TCL Asset Group Inc.: Terrance Jacobs, CEO of TCL Asset Group Inc.,at [email protected]; For Liquidity Services: Jeanette Hanfling, Director of Public Relations, 202.467.5723 or [email protected]