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DWR - Dominion Water Reserves News Story

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Dominion Water Reserves Announces Portfolio of 10 Freshwater Reserves With Increased Volume Under Permit Following Consolidation of Aquanor

Thu 5th November, 2020 1:30pm
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MONTREAL, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Dominion Water Reserves Corp.
(“DWR” or the “Company”), is pleased to announce its recent
developments and diversified portfolio of 10 spring water sources consolidated
after a recent definitive share purchase agreement with Aquanor Inc. DWR has
thereby acquired 100% interest in the St-Joseph de Coleraine water source, a
freshwater reserve representing an estimated 0.7% of Quebec’s total volume
under permit. This unique 13 ppm silicon water quality is attractive for the
specialty water market, featuring numerous health and wellness benefits and a
generous 71 million liters per year of permitted extraction volume. As part of
the Acquisition, DWR has secured a 25-year water sale contract with Aquanor to
sell the specialized water in recyclable packaging, with initial distribution
in the IGA Disraeli, Quebec location.

This acquisition complements DWR’s operations, as its primary business being
a consolidator of the water industry by acquiring fresh spring water permits
and developing operations across Quebec, with prospective plans to expand
across North America. DWR currently controls more than 3 billion litres of
spring water, acquired and currently under permit, alongside a diversified
portfolio of 10 freshwater sources which includes the biggest well in Quebec
with over 2 billion permitted litres of extraction per year and two deep
seaport sources with considerable volume. DWR is strategically positioned to
increase its holdings and become a dominant player in freshwater reserves,
water technology and distribution, with a current 30.4% share of Quebec’s
spring water sources secured through acquisitions and options. Given DWR’s
current trajectory, the company is positioned to secure over 50% of Quebec’s
current natural underground reserves of freshwater, representing over 7.5
billion litres of annual extraction volume and over 1000 acres of land,
amounting to an astounding 1%-1.3% of the world’s freshwater reserves.

Among DWR’s specialty 13 ppm water source, the company aims to stand apart
by its procured unique glacier water source which is one of only two permitted
esker reserves in Quebec and the second largest source in authorized volume,
containing 9.4% of the volume of Quebec permitted extraction. This
strategically located esker reserve also exhibits exceptional water quality
for specialty products resulting from a natural filtration process, adding a
unique proposition to DWR’s important volume of spring water under
management that stands today at 3.22 billion litres acquired and under option.

The global market for bottled water poised to reach US$307.6 billion by 2025,
driven by the needs of a growing world population expected to reach 9.8
billion by 2050. With Canada’s retail sales of bottled water forecast to
reach over US$4.4 billion by 2022, DWR is in a prime position to cater to this
growing demand. Based on current esker and silicon spring water reserves with
a combined annual permitted debit of over 1B liters, at a $0.005 per liter
price point secured through the Aquanor water sale contract, DWR is in a
position to achieve strong potential revenues within the next 12 months
subject to securing additional distribution contracts.

About Dominion Water Reserves Corp.

DWR’s operations are based in Quebec, with its primary business being a
consolidator of the water industry by acquiring fresh spring water permits and
developing operations across Quebec with plans to expand across North America.
DWR currently controls more than 30% of Quebec’s volume of fresh groundwater
reserves currently under permit and is strategically positioned to increase
its holding. DWR’s mission is to acquire, manage and develop spring water
assets building a critical mass in terms of capacity and strategically
securing a leadership role in North America’s fresh spring water.  The
corporation prioritizes sustainability and environmental consciousness. A
strong governance structure is in place to ensure that the corporation carries
out its business responsibly, applying the highest social and environmental

For further information please contact
Jean Gosselin
Phone: 514-394-7717

Neither the CSE nor its Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.

SOURCE: Dominion Water Reserves Corp.


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