• A third rig has been added to Goliath’s fully funded 2021 maiden drill campaign based on positive assays results from the first three holes and similar looking intercepts containing mineralization and veining in the additional 10 holes drilled to date.

• Meters planned have been increased from ~5,000 to ~6,000 testing the extent of the Surebet discovery along 1,000 of strike exposed at surface and to depth (link to video).

• Assay results from the third hole (GD21-003) intercepted Surebet Zone’s polymetallic quartz-sulphide vein system over 35.72 meters* of quartz-sulphide breccia and surrounding quartz-sulphide stockwork containing a weighted average of 6.37 g/t gold equivalent (AuEq) or 4.46 g/t Gold and 122.13 g/t Silver.

• Higher grade intervals within the above envelope include 4.52 meters* of 31.88 g/t AuEq or 24.97 g/t Gold and 458.10 g/t Silver.

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the exact geometry of the quartz-sulphide system.

TORONTO, Aug. 31, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce it has secured a third drill for its 2021 Maiden Diamond Drill Program (the “Campaign”) at its 100% controlled Golddigger Property (the “Property”) located in the Golden Triangle, B.C.

Roger Rosmus, Founder & CEO stated, “We have added a third rig to our fully funded 2021 maiden drill campaign based on the encouraging intercepts and assay results from the first three holes announced yesterday, as well the additional 10 other holes drilled intersected similar looking mineralization and veining. The third drill rig will allow the Company to increase the meters drilled by ~1,000 that will test additional targets that were not initially part of the drill campaign that could materially increase Surebet’s potential size if these holes intercept our projected structures at depth.”

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew contracted by Goliath. Core boxes are transported by helicopter over a 15-kilometer distance to the Kitsault staging area, and then transported by truck approximately 500 meters to the Goliath core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labeled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX DepositTM.

Drill holes were planned using Leapfrog GeoTM and QGISTM software and data from the 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures.

Drill core containing quartz, sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with and sample tag. Standards, blanks, and pulp duplicates were added in the sample stream at a rate of 10%. Samples are transported in rice bags sealed with numbered security tags. Goliath personnel drives samples from Kitsault to Terrace and a transport company takes them from there to the ALS lab facilities in North Vancouver. At ALS (and MSA), samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and Au-ICP21 (ICP-130, ICA-5Ag, and FAS-124) methods. Overlimits are re-analyzed using the ME-ICP61, Au-ICP21, and Ag-GRA21 (FAS-428, ICA-6Ag, and FAS-425) methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening Au-SCR24C (MSC-150) method.

Golddigger Property

The Property has an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, B.C.

Surebet is located some 8 kilometers southwest of the Homestake Ridge project which is a high-grade gold-silver deposit that contains 982,700 ounces of gold @ 4.99 g/t Gold and 19,600,000 ounces of Silver @ 97.7 g/t Silver, with drill intercepts of up to 73 meters of 21 g/t Gold and 12 g/t Silver (source – Fury Resources Inc. PEA & Website) (Link to Map).

At Surebet, multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 g/t AuEq (with 7.59 g/t Gold) with 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill campaign. Higher grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying up to 0.5 g/t AuEq (Link to news November 25, 2020).

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 kilometers of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this

release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be 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 a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

• Assay results from the third hole (GD21-003) intercepted Surebet Zone’s polymetallic quartz-sulphide vein system demonstrate an impressive 35.72 meters* of quartz-sulphide breccia and surrounding quartz-sulphide stockwork containing a weighted average of 6.37 g/t gold equivalent (AuEq) or 4.46 g/t Au and 122.13 g/t Ag.

• Higher grade intervals within the above envelope include 4.52 meters* of 31.88 g/t AuEq or 24.97 g/t Au and 458.10 g/t Ag.

• Assays for the first three drill holes from Surebet Zone’s maiden drilling campaign confirm a large gold-silver envelope surrounding the high-grade quartz-sulphide vein system.

• Higher grades are found within the envelope within quartz-sulphide breccia (See table 1 below summarizing results from GD21-003 to 001). Drill orientation details can be found in Goliath’s July 19, and 26 2021 news releases.

• All 13 holes drilled to date have intersected significant widths of veining and sulphide mineralization ranging from 23 up to 67.1 meters* confirming the extensive and robust nature of the Surebet System.

• Meters planned for drilling have increased from ~5,000 to ~6,000 meters and will target the extent of the Surebet discovery along strike and to depth (link to video).

• The 2021 fully funded maiden drill campaign includes step-back holes to test the mineralized structure to a down-dip extent. Based on the polymetallic mineralization observed to date, a second drill was added to the program to maximize meterage production.

• A recent airborne geophysical survey and 3D magnetic model delineate a magnetic high to the west and beneath the Surebet Zone, possibly representing an intrusive body that may have served as the source of metals for this extensive system of high-grade gold-silver mineralization.

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the exact geometry of the quartz-sulphide system.

TORONTO, Aug. 30, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is excited to report assays for the first three drill holes of the Company’s 2021 Maiden Diamond Drill Program (the “Campaign”) at its 100% controlled Golddigger Property (the “Property”). All three holes intercepted quartz-sulphide (galena, pyrrhotite, sphalerite, chalcopyrite) veining, brecciation and associated alteration within the moderately west-southwest dipping Surebet Zone (“Surebet”).

Results, including 35.72 meters containing a weighted average of 6.37 g/t AuEq or 4.46 g/t Au and 122.13 g/t Ag confirm high-grade gold-silver mineralization within quartz-sulphide breccias in a surrounding envelope of quartz-sulphide stockwork. All 13 drill holes completed to date have intercepted mineralized Surebet Zone. Drill core from 10 other holes have been sent to the lab and assays are pending. The Company has recently decided to increase its planned Campaign to 6,000 meters, up from 5,000 meters.

CLIFF SHOWING – TABLE 1 DRILL CORE TABLE

* Stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.

** AuEq metal values are calculated using Au USD/oz $1.810,000, Ag USD/oz $24.00, Cu USD/lb $4.30, Pb USD/lb $1.12, Zn USD/lb $1.38 (2021/08/27). All values are reported in USD and do not consider metal recoveries.

Two drill rigs continue to trace the full extent of the Surebet Polymetallic Gold-Silver Zone along strike and at depth. A recently completed airborne geophysics survey (Magnetics, Electromagnetics) indicates widespread magnetism at Surebet, likely related to the presence of pervasive magnetic pyrrhotite. The survey also defined the boundary of a likely major intrusive body to the west along with a number of offshoot dykes in the immediate area of the known Surebet mineralization, both of which are believed to be drivers of gold-silver-rich polymetallic mineralization.

Additional fan drilling is planned for the Waterfall, Main, Central West, Northwest, and Real Deal Showings at Surebet, testing the strike length of 1,000 meters exposed at surface and to depth. The Campaign has been modified to focus on step-back holes to test the mineralized structure down dip at the Real Deal Gold Showing located ~800 meters west of Surebet and ~200 meters east of the Cloud 9 Showing, and if successful, this would extend the down dip depth of the mineralization substantially by ~1,000 meters (link to image).

The steeply-dipping Real Deal and Cloud 9 structures display similar mineralization to the Surebet Zone. Geologic observations at surface and within drill core shows structural strain concentrating along the Surebet Zone along its shallower-dipping geometry. Real Deal and Cloud 9 are believed to be en echelon structures that connect with Surebet at depth. The mineralized Surebet domain remains open in all directions.

The recently completed helicopter airborne geophysical survey was flown at 50 meter line-spacings by Precision GeoSurveys using their exclusive 3 sensor triple boom high resolution instruments (Gradient magnetics, electromagnetics). Data was modelled by both the Goliath technical team and Precision GeoSurveys indicate more widespread magnetism at Surebet believed to represent magnetic pyrrhotite-rich structures. The survey and 3D modelling defined an intrusive body to the west and underlying both Surebet Zone and the entire surrounding area. Data collected also coincides with some documented dykes mapped on surface in the area of Surebet and beyond. Geophysical modelling provides valuable insight regarding the geometry and setting of this extensive hydrothermal system. Recently planned drilling will test parts of this newly developed model while focusing on expanding the gold-silver mineralization both along strike and to depth. Goliath’s understanding of this system continues to grow based on hard data collected as its inaugural drill program moves forward.

The 2021 drill campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1,000 meters (1km) of strike and to a down dip depth over 1,000 meters at the Surebet Zone (“Surebet” or the “Project”). Surebet averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut samples taken in 2020. Surebet displays 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The Property is in a mining friendly jurisdiction in a world class geological setting near Stewart, B.C. in the Golden Triangle of British Columbia. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

Dr. Quinton Hennigh, Advisor to Goliath’s Strategic Shareholder, Crescat Capital, commented, “Initial assay results from the Cliff Zone, the southern-most drill station along the Surebet Zone, confirm that we are dealing with a broad, strongly mineralized structure hosting one or more high-grade gold-silver quartz-sulphide vein breccias within a wider envelope of polymetallic mineralization. Hole GD21-003 returned an impressive broad intercept of 35.72 meters containing 6.37 g/t AuEq within which three high-grade quartz-sulphide veins occur, the most notable delivering 4.52 meters containing 31.88 g/t AuEq. This is a remarkable start for the maiden Surebet drill program. As the Company drills more and more holes, it is seeing similar long intervals of mineralization, a very positive sign. We are thrilled with these initial results, are very pleased with the Company’s decision to increase meters and drill further down dip, and eagerly wait for more positive results to come.

Roger Rosmus, Founder & CEO stated, “The team is very excited about the initial assay results as they have far exceeded our expectations. The drilling is validating our model as we continue to expand the known geometry of the Surebet System that remains open. Additional assays will be announced once received, complied and interpreted”.

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew contracted by Goliath. Core boxes are transported by helicopter over a 15-kilometer distance to the Kitsault staging area, and then transported by truck approximately 500 meters to the Goliath core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labeled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit™.

Drill holes were planned using Leapfrog Geo™ and QGIS™ software and data from the 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures.

Drill core containing quartz, sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with an sample tag. Standards, blanks and pulp duplicates were added in the sample stream at a rate of 10%. Samples are transported in rice bags sealed with numbered security tags. Goliath personnel drives samples from Kitsault to Terrace and a transport company takes them from there to the ALS lab facilities in North Vancouver. At ALS (and MSA), samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and Au-ICP21 (ICP-130, ICA-5Ag, and FAS-124) methods. Overlimits are re-analyzed using the ME-ICP61, Au-ICP21, and Ag-GRA21 (FAS-428, ICA-6Ag, and FAS-425) methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening Au-SCR24C (MSC-150) method.

Golddigger Property

The Property has an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, B.C.

Surebet is located some 8 kilometers southwest of the Homestake Ridge project which is a high-grade gold-silver deposit that contains 982,700 ounces of gold @ 4.99 g/t Gold and 19,600,000 ounces of Silver @ 97.7 g/t Silver, with drill intercepts of up to 73 meters of 21 g/t Gold and 12 g/t Silver (source – Fury Resources Inc. PEA & Website) (Link to Map).

At Surebet, multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 g/t AuEq (with 7.59 g/t Gold) with 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill campaign. Higher grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying up to 0.5 g/t AuEq (Link to news November 25, 2020).

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 kilometers of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this

release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be 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 a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

VANCOUVER, BC, Aug. 30, 2021 /CNW/ – South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), along with its technological partner in the United States ("US Lab"¹), are pleased to announce successful initial life cycle testing results for the first 35 cycles (charging & discharging) in CR2016 LiB coin cells constructed with anode material (coated spherical purified graphite) produced from the Santa Cruz Graphite Project. Several battery cells were constructed as part of the ongoing optimization and testing program, and all the cells have an extremely flat discharge pattern without noticeable degradation over the initial testing period.

One cycle consists of 10 hours of charge and 10 hours of discharge, therefore 35 cycles equals approximately 700 hours total. South Star's testing program continues and will include a minimum of 100 cycles for each of the LiB cells. Upcoming work also includes downstream processing flowsheet optimizations and validation.

"We are pleased to continue announcing robust battery testing results and advancing to production in 2022," commented Richard Pearce, President and CEO of South Star. "We have produced several types of battery-grade spherical, purified graphites (SPG) with ultra-high purity of 99.99w% C_g and excellent workability with average particle sizes ranging from 8 to 23 microns. The cycle testing with anodes produced using Santa Cruz graphite in CR2016 LiB batteries has proven to be very stable with little degradation throughout the initial 35 cycles.

We are positioning South Star for long-term success by creating a diversified portfolio of high-quality products that will provide excellent value for a broad range of industrial and high value-add industries that are in high demand across the globe and in sectors with above-average growth potential. These are very exciting times for us as we continue our conversations with potential clients in electric vehicles, energy storage, portable electronics, telecom and specialty application sectors. We look forward to reporting additional results from our on-going testing program."

Santa Cruz Product Information Bulletins (PIBs) with technical information for the portfolio of products, safety data sheets (SDSs) and marketing materials are being prepared and will be added to the website shortly, as well as distributed to our existing partners and potential clients. Samples of value-add products including micronized & purified graphite, expanded & expandable graphite, as well are as coated and uncoated SPG will also be produced and available for testing.

H.C. Wainwright 23^rd Annual Global Investment Conference Participation

On September 13-15, 2021, South Star Battery Metals' President and CEO Richard Pearce will be hosting virtual one-on-one meetings and presenting at the H.C. Wainwright 23^rd Annual Global Investment Conference. Learn more here: https://hcwevents.com/annualconference/

Life Cycle Test Results

Purified graphite was successfully micronized using advanced pilot scale mechanical milling system outfitted with two air classification circuits. Once the target sizing geometries were achieved, uncoated SPG was produced by rolling and rounding the micronized graphite into elliptical spheres in a specialized mill. The elliptical shapes are a preferred morphology for higher density active loadings in batteries. They are also preferred due to better rate capacities, safer and generally longer-life LiBs. Uncoated SPG was coated with a nanolayer of soft carbon and heat treated under a blanket of inert gas. The hardened coating provides a layer of protection from exfoliation and general degradation during the normal expansion and contraction cycles associated with charging and discharging. The coating also reduces ongoing reactions of electrolytes with the graphitic carbon, which results in a reduced battery life (See June 29^th, 2021 press release for more details).

Next a copper foil was coated with the anode slurry using the drawdown technique, and the electrode was dried under vacuum and weighed. Finally, the anode was welded to the bottom can of a stainless-steel standard CR2016 coin cell. Three identical coin cells were produced, and testing includes the following: reversible capacity, irreversible capacity, irreversible capacity loss and long-term cycling stability as a function of spherical graphite particles.

Figure 1: CR2016 LiB Battery Construction

Figure 2: Santa Cruz LiB Battery Results Through Approximately 35 Cycles

As shown in Figures 2 & 3, other notable positive properties of Santa Cruz anode material are that their reversible capacities are at approximately 350 mAh/g, and they have an irreversible capacity loss on the first cycle of less than 10%.

Figure 3: Santa Cruz Irreversible Capacity Loss Results

About South Star Battery Metals Corp.

South Star Battery Metals Corp. is Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazilis the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022, pending financing. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

For additional information, please contact:

CHF Capital Markets (IR Canada)
Iryna Zheliasko, Manager
Phone: +1 416-868-1079 x229
Email: iryna@chfir.com

RBMG – RB Milestone Group LLC (IR US)
Trevor Brucato, Managing Director
Email: southstar@rbmilestone.com

Mr. Dave McMillan
Chairman
Email: davemc@telus.net

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/

CAUTIONARY STATEMENT

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

This news release and the Updated Technical Report contain references to inferred resources. The Report is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

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SOURCE South Star Mining Corp.

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These are the gold stocks with the best value, fastest growth, and most momentum for September 2021.

Vancouver, British Columbia–(Newsfile Corp. – August 26, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin"): New Carolin is pleased to announce that two leading independent proxy advisory firms, Glass, Lewis & Co., LLC ("Glass Lewis") and Institutional Shareholder Services ("ISS"), each released a report (the "Glass Lewis Report" and "ISS Report", respectively), recommending that New Carolin's shareholders vote in favour of the proposed plan of arrangement (the "Arrangement" or the "Transaction") with Talisker Resources Ltd. ("Talisker").

In recommending that New Carolin shareholders vote for the special resolution at the upcoming special meeting of securityholders (the "Meeting") to approve the Arrangement (the "Arrangement Resolution"), the Glass Lewis Report noted the opportunity to participate in a larger gold exploration firm, the diversification of New Carolin's current single asset risk profile, the substantial market premium implied by the Consideration (as defined below), and the fairness opinion that the terms of the Arrangement are fair, from a financial point of view, to the New Carolin shareholders, and the ISS Report noted the significant premium implied by the Consideration, the reasonable strategic rationale and the absence of significant governance concerns.

The Arrangement

As previously announced on July 26, 2021, New Carolin entered into an arrangement agreement (the "Arrangement Agreement") with Talisker pursuant to which Talisker will acquire all of the outstanding common shares of the Company (each, a "Common Share") for consideration of 0.3196 of a common share of Talisker for each Common Share held (the "Consideration"), by way of a plan of arrangement under the Business Corporations Act (British Columbia). The proposed Transaction values the Company at approximately $0.095 per Common Share, representing a premium of approximately 36% to the closing price of New Carolin as at July 23, 2021 and approximately 21% to the five-day volume weighted average trading price. The Company's outstanding warrants and options will be adjusted so that on exercise the holders will receive Talisker common shares adjusted to reflect the same exchange ratio. The Transaction is subject to customary closing conditions and is expected to be completed on or about September 16, 2021.

When the Arrangement is completed, New Carolin will be de-listed from the TSX Venture Exchange and the OTCQB and become a wholly-owned subsidiary of Talisker.

Reasons and Benefits of the Arrangement

The board of directors of New Carolin, after consultation in its evaluation of the Arrangement with its legal and financial advisors, determined unanimously that the Arrangement is in the best interests of the Company and is fair and reasonable to the New Carolin shareholders, resolved unanimously to approve the entering into of the Arrangement Agreement, and resolved to recommend to New Carolin shareholders, optionholders and warrantholders (collectively, the "Securityholders") to vote in favour of the Arrangement Resolution as set forth in the Company's management information circular dated August 10, 2021 (the "Circular") and available on New Carolin's SEDAR profile at www.sedar.com.

The Company encourages Securityholders to read the Circular for a summary of the principal reasons for the unanimous recommendation of New Carolin's board of directors that Securityholders vote in favour of the Arrangement Resolution. The New Carolin board of directors considered the following reasons, among others:

• the Transaction is the preferred strategic alternative available to New Carolin;

• New Carolin shareholders will be provided access to Talisker's exploration and development expertise and with continued exposure to New Carolin's Ladner Gold Project;

• highly attractive premium to the closing price of the Company's Common Shares as of July 23, 2021;

• New Carolin shareholders have the opportunity to participate in Talisker, a leading gold exploration company;

• improved trading liquidity and enhanced capital markets profile; and

• the opinion delivered by the Company's financial advisor, Evans and Evans, Inc., that the Consideration is fair from a financial point of view, to New Carolin shareholders.

Upcoming Special Meeting

Complete information regarding how Securityholders can vote is provided in the Circular. The Meeting will be held at 250 Howe Street, 20th Floor, Vancouver, British Columbia, V6C 3S7 on September 9, 2021 at 10:00 a.m. (Vancouver Time).

Given the continued risk resulting from the COVID-19 outbreak, New Carolin will adhere to all government and public health authority recommendations and restrictions in order to support efforts to reduce the impact and spread of COVID-19. As such, New Carolin is urging all Securityholders to vote by proxy in advance of the Meeting and not attend the Meeting in person unless and until all social distancing recommendations or restrictions have been lifted.

Rather than attending in person, New Carolin encourages Securityholders to access a teleconference of the Meeting, which will give Securityholders an equal opportunity to access the Meeting regardless of their geographic location. Please contact New Carolin's shareholder communications advisor and proxy solicitation agent, Gryphon Advisors Inc. ("Gryphon Advisors") by email at inquiries@gryphonadvisors.ca prior to 4:00 p.m. (Vancouver time) on September 8, 2021 (or the last Business Day before the day of an adjourned Meeting, which excludes Saturdays, Sundays and holidays recognized in the province of British Columbia) to receive call-in details. If you have questions or need assistance in your consideration of the Arrangement, or with the completion and delivery of your proxy or VIF, please contact Gryphon Advisors by telephone at 1.833.248.5458 toll-free in North America (1.416.902.5565 for international calls) or by e-mail at inquiries@gryphonadvisors.ca.

New Carolin shareholders are encouraged to vote as early as possible and in any event, by 5:00 p.m. (Vancouver time) on September 7, 2021 or two business days prior to any adjournment of the Meeting, which excludes Saturdays, Sundays and holidays recognized in the province of British Columbia.

The record date for determining shareholders entitled to receive notice of and vote at the Meeting was August 4, 2021.

Materials in connection with the Meeting are available on New Carolin's profile on SEDAR (www.sedar.com), and New Carolin Securityholders are encouraged to read these materials, and in particular, the Circular, prior to voting.

About New Carolin

New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of its 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the "Ladner Gold Project" (the "Project"). The Project is located near Hope, BC in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine and Pipestem Mine, and numerous gold prospects.

For additional information, please visit the Company's website at www.newcarolingold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"
President and CEO

Toll Free: 1-(855) 891-9185
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. 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 U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 the accuracy of this press release.

Caution concerning forward-looking information

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, included herein including, without limitation, statements or information about the completion of the Transaction, the anticipated benefits from the Arrangement, the Consideration to be paid and the treatment of Company options and warrants under the Arrangement, the timing for the Meeting and the timing for closing of the Arrangement are forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. These risk factors include, among others: risks associated with the business of Talisker and the Company; risks related to the satisfaction or waiver of certain conditions contemplated by the Arrangement Agreement; risks related to reliance on technical information provided by Talisker and the Company; risks relating to exploration and potential development of the Company and Talisker's projects; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; prices for commodities to be produced and changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of mineral resources); risks relating to unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time and the additional risks identified in the Company's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94650

PERTH, Australia, Aug. 26, 2021 /CNW Telbec/ – Galaxy Resources Limited (ASX: GXY) (Company) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company's platform (ASX):

• Merger of Galaxy and Orocobre Implemented

The announcement can be viewed at:

https://www2.asx.com.au/markets/trade-our-cash-market/announcements.gxy

SOURCE Galaxy Resources Limited

View original content: http://www.newswire.ca/en/releases/archive/August2021/26/c8739.html

VANCOUVER, BC / ACCESSWIRE / August 26, 2021 / Mawson Gold Limited("Mawson") or (the "Company") (TSX:MAW) (Frankfurt:MXR) (OTC PINK:MWSNF) is pleased to announce an independently verified update of the third constrained Inferred Mineral Resource estimate at its 100% owned Rajapalot project in Finland.

The estimate was completed by Qualified Persons from AFRY Finland Oy , a European leader in engineering, design, and advisory services. Mineral Resources are calculated using a long-term gold price of US$1,590/oz and a cobalt price of US$23.07/lb and using 0.3 g/t gold equivalent "AuEq" open pit cut-off and 1.1 g/t AuEq underground cut-off (Table 1). AuEq values were calculated using the following formula: AuEq g/t = Au g/t + (Co ppm/1005).

Key Points:

• Base case Mineral Resource estimate 10.91 Mt @ 3.0 g/t gold equivalent ("AuEq"), 2.5 g/t gold ("Au"), 443 ppm cobalt ("Co") for 887 koz Au, 4.8 kt Co equating to 1.04 Moz AuEq in the inferred category;

• Compared to the previous Rajapalot resource estimation published on September 14, 2020 (Figure 4):

  • Gold grade increased by 19% (AuEq grade by 12%);

  • Contained gold ounces increased by 47% (contained gold equivalent ounces by 35%);

• Gold camp now comprises 8 distinct prospects, doubling the 4 previously contained in the 2020 Rajapalot Inferred Mineral Resource estimate (Figures 5 and 6);

• Substantial increases in existing resources demonstrate continuity within the deposits and expansion potential at depth and along strike (Figure 7):

  • All resource areas remain open to depth and the Company has developed a strong geological and exploration model to target mineralization;

• Growth potential remains strong:

  • Drilling covers only 20% of the mineralization-host package at Rajapalot (Figure 8);

  • Rajapalot camp represents only 5% of 100 square kilometre Rompas-Rajapalot Finnish project area owned 100% by Mawson.

Mr. Hudson, Chairman and CEO, states, "Following a significant drilling effort, we are delighted to hit a milestone of 1.04 Moz AuEq, while delivering a year-on-year gold grade increase of 19% with contained gold up 47% from our last resource upgrade in 2020. Rarely does substantial resource growth come together with grade increases, and the robustness of Rajapalot at different cut-offs and constraining models is impressive. This year we doubled the number of prospects within the resource area, and our annual winter campaigns have been adding 300-400 koz AuEq resource growth in a predominant 10-week drilling window. We have developed a strong geological and exploration model to target high-grades, and excitingly it remains early days at Rajapalot with 80% of the target untested, which is just 5% of Mawson's larger 100 square kilometre Finnish project – all from a project that is one of the few in Finland that enjoys majority local support."

Table 1: Total Inferred Mineral Resources estimate as of August 26, 2021, at the listed cut-offs for constrained open pit and underground resources at Rajapalot.

CIM Definition Standards (2014) were used for Mineral Resource classifications. AuEq=Au+Co/1,005 based on assumed prices of Co US$23.07/lb and Au US$1,590/oz. Rounding of grades and tonnes may introduce apparent errors in averages and contained metals. Drilling results to 20 June 2021. These are Mineral Resources that are not Mineral Reserves and do not have demonstrated economic viability.

Resource Methodology

1. Mineral Resource estimation reporting follows the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") definitions standards (2014) for mineral resources and reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101;

2. Reported tonnage and grade figures have been rounded from raw estimates to reflect the relative accuracy of the estimate. Minor variations may occur during the addition of rounded numbers;

3. Constrained Resources are presented undiluted and in-situ and are considered to have reasonable prospects for eventual economic extraction. The Qualified Person considers that the reported Mineral Resource has reasonable prospects for eventual economic extraction by the open pit and underground mining method at the specified cut-off grades. An assessment of whether the project as a whole is economically viable has not been made under this analysis. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Whittle software (version 4.7.3) was used in the optimization on Palokas, South Palokas, Raja, Hut, Rumajärvi, Uusisaari, Terry's Hammer and Joki prospect wireframes to define the mineralization falling within the confines of an open pit (demonstrating reasonable prospects for eventual economic extraction, "RPEEE"). Five block models were created covering the eight prospects. Mineralization falling outside the pits above the cut-off grade of 1.1 g/t AuEq was then defined as underground resources with RPEEE.

4. Optimized open pit constrained resources are reported at a cut-off grade of 0.3 g/t AuEq. Underground resources are reported at a cut-off grade of 1.1 g/t AuEq (Figures 1-3). The cut-off grades used for reporting were based on up to date third party metal price research, forecasting of long-term gold and cobalt prices, and a cost structure from benching marking Finnish mining, metallurgical and G&A operational costs. Costs include mining, processing and general and administration ("G&A"). Net Smelter Return ("NSR") includes metallurgical recoveries and selling costs inclusive government royalties. Gold equivalent "AuEq" = Au+(Co/1005) based on assumed prices of cobalt US$23.07/lb and gold US$1,590/oz.

The optimization process was conducted considering three scenarios:

• The first using Whittle optimization for a pit of Revenue Factor 1 (Rev-F-1);

• The second optimization utilised the changeover from open cut (OC) to underground (UG) based on the estimated differential operating expenses of OC and UG (model termed OC-UG or "base case");

• The third was an underground scenario where a depth of 20 metres below the top of solid rock was regarded as the near-surface limit of potential mining (UG only).

These three scenarios were developed to allow consideration of reasonable prospects for eventual economic extraction (RPEEE). Without further consideration of economic viability, the second optimization (OC-UG) is regarded as the most reasonable. The Pit Optimization section provides details of the three scenarios considered.

Table 2: Grade/tonnage relationships for alternate constraining models for Rajapalot

1. A gold top cut of 50 g/t Au was used for the gold domains. A cobalt top cut was not applied.

2. Bulk density values were calculated for each block within the wireframes based on 3,345 density measurements (linear relationship of iron oxide to density was used to make an Ordinary Kriged estimate of density for each wireframe).

3. Wireframe models were generated using gold and cobalt shells separately. Forty-eight separate gold and cobalt wireframes were constructed in Leapfrog Geo and grade distributions independently estimated using Ordinary Kriging in Leapfrog Edge.

4. Sub-block triggers in each case were created using the gold and cobalt wireframes, the base of till and lidar surface wireframes were also used to control the density model for "air" and till blocks (till density is set to 2 t/m ³ . Parent blocks were used in all cases for grade estimation. A range of parent block sizes was tested with an optimal 12 m x 12 m x 4 m size determined (>20% of the drill hole spacing) as suitable. Sub-blocking down to 4 m x 4 m x 0.5 m was optimal for geologic control on volumes, thinner and moderately dipping wireframes (testing of options up to the parent block size showed less than 5% overall variation in the Mineral Resource estimate).

For creation of the SMU model for pit optimization, the sub-block model was copied and controlled to regular 5 m x 5 m x 2.5 m blocks. There was less than 0.5% difference in the total Mineral Resource estimate created during the change to regularized blocks.

1. AFRY created the Rajapalot Mineral Resource estimate using the drill results available to 20June 2021.

2. Additional metals were estimated using ordinary kriging in the resource base case. The average contents of these metals were arsenic (234 ppm), copper (198 ppm), iron oxide (11.0%), nickel (108 ppm), sulphur (2.2%), uranium (31 ppm) and tungsten (100 ppm). From a resource efficiency point of view, it appears that only gold (2.5 g/t) and cobalt (443 ppm) have the potential to be extracted economically, considering the low background values of the other metals. Certain environmental opportunities potentially exist to extract and capture some of the other metals to produce a cleaner tailings product.

A National Instrument 43-101 Technical Report will be filed on SEDAR shortly.

About the Rajapalot Project

Diamond Drilling

Mawson completed 76 holes for 19,422 metres during the 2020/21 winter drill season. At the completion of the 2020/21 winter drill program a total of 544 drillholes for 84,507 metres had been drilled at the Rajapalot project with an average depth of 155 metres. Key results from the program are outlined below. The 100% owned gold-cobalt Rajapalot discovery hosts numerous hydrothermal gold-cobalt prospects drilled between 2013 and April 2020 within a 3 by 4-kilometre area. A total of 76,155 drilling metres (90% of total) has been completed since 2017. A total of 330 holes for 72.8 kilometres and an average depth of 250 metres were used in the upgraded August 2021 resource estimation. In comparison, a total of 257 holes for 53.8 km and an average depth of 209 metres were used the upgraded September 2020 resource estimation and a total of 178 holes for 24.0 km with an average depth of 135 metres were used within the December 2018 maiden resource estimation.

Geology

The host sequence comprises a polydeformed, isoclinally folded package of amphibolite facies metamorphosed Paleoproterozoic supracrustal rocks of the Peräpohja belt. The Paleoproterozoic of northern Finland is highly prospective for gold and cobalt, and include the Europe's largest gold mine, Kittilä, operated by Agnico Eagle Finland Oy.

Stratabound gold-cobalt mineralization occurs near the boundary of the Kivalo and Paakkola groups with two contrasting host rocks, either iron-magnesium or potassic-iron types. Multi-stage development of the mineralization is evident, with early-formed cobalt and a post-tectonic hydrothermal gold event.

Prospects with high-grade gold and cobalt at Rajapalot occur across 3 km (east-west) by 2 km (north-south) area within the larger Rajapalot project exploration area measuring 4 km by 4 km with multiple mineralized boulders, base-of-till (BOT) and rare outcrops. High-grade Au-Co mineralization at Rajapalot has been drilled to 540 metres deep at Raja and South Palokas prospects, but is not closed out at depth in any prospect. The only surface exposure of mineralization is at Palokas, however except for East Joki, all mineralization comes to the top of the bedrock below the till, less than 6 metres below the surface. East Joki is 110 metres from the surface at its shallowest, but is not drilled yet in the up-dip direction.

Mawson's primary target type across the whole Rajapalot-Rompas area is the disseminated Au-Co style, with Mawson's geological team in Finland devoted to uncovering more prospects based on their increased understanding of the host sequence.

Two distinct styles of gold mineralization dominate the Rajapalot area. The first, is a variably sulphidic magnesian-iron host, previously referred to internally as "Palokas" style. The magnesian-iron host is most likely an ultramafic volcanic (komatiitic) and occurs within approximately 100 vertical metres of the inferred Kivalo-Paakkola boundary (that is, near the incoming of pelites, calc-pelites and quartz muscovite rocks). A largely retrograde mineral alteration assemblage includes chlorite, Fe-Mg amphiboles (anthophyllite and cummingtonite series), tourmaline and pyrrhotite commonly associated with quartz-veining. Subordinate almandine garnet, magnetite and pyrite occur with bismuth tellurides, scheelite, ilmenite and gold, cobalt pentlandite and cobaltite. Metallurgical testing at Palokas reveals the gold to be non-refractory and 95% pure (with minor Ag and Cu) with excellent recoveries by gravitational circuit with conventional cyanidation and/or flotation. QEMSCAN studies also show that the gold occurs as native grains, found both on grain boundaries and within minerals. Detailed work by Jukka Pekka Ranta of the University of Oulu (plus co-workers) on fluid inclusions and the host rocks to the Fe-Mg mineralization at Palokas indicates weakly saline, methane-bearing fluids at depths as shallow as 5 km and temperatures of approximately 250 degrees were responsible for deposition of the gold.

The second style of gold-cobalt mineralization at Rajapalot, a potassic-iron (K-Fe) style (formerly referred to internally as "Rumajärvi" type) is characteristically associated with muscovite and / or biotite and chlorite in a diverse range of fabrics. Gold grades of more than 1 g/t Au are associated with pyrrhotite and contained within muscovite-biotite schists, muscovite and biotite‑bearing albitic granofels and brecciated, variably micaceous albitic rocks. Magnetite is a common mineral, but not a necessity for anomalous gold grades. The host rocks are grey to white owing to their reduced nature and may be enclosed by light pink to red calcsilicate-bearing albitites. To date, the K-Fe gold-cobalt mineralization style has been intersected near the muscovite-bearing quartzite at Raja and Rumajärvi, but as other rock types are also mineralized and the clear strong structural control on grade, stratigraphic constraints may locally not be relevant.

Exploration for Palokas and Rumajärvi style gold prospects is not restricted to the Rajapalot area. Recognition of the host stratigraphic package (near the boundary of the Kivalo-Paakkola Group boundary) enclosing the 6 km long vein-hosted Rompas Au-U system increases the search space for the pyrrhotite-Au-Co systems to cover Mawson's full permit area. The geochemical characteristics of the ultramafic volcanics and related intrusives are not only present in the southern drill section at South Rompas but have more than 50 km of strike length in Rompas-Rajapalot. It is the interaction of this reactive rock package with late gold-bearing hydrothermal systems driven by ca. 1.8 Ga granitoids, that now form the most highly prospective targets away from the Rajapalot area. The cobalt component of the system is largely stratabound and formed much earlier, most likely from oxidized saline basinal fluids interacting with reduced strata.

Metallurgy

Preliminary metallurgical testing on drill core from the Rajapalot prospect demonstrate excellent gold extraction results of between 95% and 99% (average 97%) by a combination of gravity separation and conventional cyanidation and or/flotation. Metallurgical test work indicates gold recovery and processing are potentially amenable to conventional industry standards with a viable flowsheet which could include crushing and grinding, gravity recovery, and cyanide leaching with gold recovery via a carbon-in-pulp circuit for production of onsite gold doré. Further metallurgical test work is currently underway, with Mawson a participant of Finland's BATCircle consortium, a program designed to value-add to the Finnish battery metals circular economy. Initial indications suggest the cobalt minerals present (cobaltite and linnaeite) can float or be separated by magnetic separation methods.

Strategic Cobalt

Rajapalot is a significant and strategic gold-cobalt resource and one of Finland's largest gold resources by grade and contained ounces and one of a small group of cobalt resources prepared in accordance with NI 43-101 policy within Europe. Finland refines half the world's cobalt outside China. The world's largest cobalt refinery is located 400 kilometres south of Rajapalot, where CRU estimates annual refining of 22,734 tonnes of cobalt (approximately 18% of world refined cobalt production), 90% of which was sourced from Chinese-owned mines in the Democratic Republic of Congo. Finland mines only 650 tonnes or 0.5% of the world's cobalt per year. The Rajapalot resource has the potential to support Finland's desire to source ethical and sustainable cobalt.

ESG

Mawson acknowledges that Environmental, Social and Governance ("ESG") forms a comprehensive framework for our Company to successfully navigate and balance the benefits of our projects to the planet, people and profit. Mawson has had an active ESG program operating for many years, and we are constantly developing and adding to it as our projects grow and develop.

Mawson appreciates the overwhelmingly strong support it receives from local stakeholders in Finland. The Ylitornio municipality, which hosts the Rajapalot project, is a sparsely populated area with a decreasing population. The Rajapalot project could create many opportunities for both the current population and those in the future who settle within the area.

During late 2020, Mawson Oy, Mawson's 100%-owned subsidiary in Finland, requested the Lapland Centre for Economic Development, Transport and the Environment ("ELY") to arrange a preliminary consultation in accordance with section 8 of the Environmental Impact Assessment ("EIA") Procedure Act. The EIA procedure identifies, assesses, and describes the significant environmental effects of a project and subsequently allows Mawson to consult with the authorities and those whose conditions or interests may be affected by the project. The EIA procedure is not a permit procedure, but provides information on the environmental effects of a project that will subsequently be taken into account by official authorities during mine permitting. Mawson has also proposed to the regional municipality of Ylitornio and the city of Rovaniemi that these bodies request the Regional Lapland Council ("Lapin Liitto") to initiate regional land use planning for the Rajapalot project.

In combination with the EIA, the two municipal areas where the Rajapalot gold-cobalt project is located, the City of Rovaniemi and Municipality of Ylitornio, at the request of Mawson, have formally decided to start the sub-area Local Master land use planning processes. Both municipalities have made decisions to propose to the Regional Council of Lapland (" Lapin Liitto ") to start the phased provincial land use plan for the Rajapalot gold-cobalt project.

Technical Background

Qualified Persons – Mineral Resources: The Mineral Resources disclosed in this press release have been estimated by Eemeli Rantala, AFRY – P.Geo, Ville-Matti Seppä, AFRY – EurGeol of Finland and the metallurgical sections by Craig Brown, Mining Associates P/L – FAusIMM of Australia . All authors are independent "qualified persons" as defined by NI 43-101. The NI 43-101 technical report is entitled "Mineral Resource Estimate NI 43-101 Technical Report – Rajapalot Property". By virtue of their education and relevant experience, all authors are "Qualified Persons" for the purpose of National Instrument 43-101. The Mineral Resources have been classified in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (May, 2014). All authors have read and approved the contents of this news release as it pertains to the disclosed Mineral Resource estimates. The Qualified Person, Dr Nick Cook, Mawson's Chief Geologist, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Gold Limited is a gold exploration and development company and has distinguished itself as a leading exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland and its Victorian gold properties in Australia.

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements and are based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labor. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to: capital and other costs varying significantly from estimates; changes in world metal markets; changes in equity markets; ability to achieve goals; that the political environment in which the Company operates will continue to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; risks related to negative publicity with respect to the Company or the mining industry in general; reliance on a single asset; planned drill programs and results varying from expectations; unexpected geological conditions; local community relations; dealings with non-governmental organizations; delays in operations due to permit grants; environmental and safety risks; and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. While these factors and assumptions are considered reasonable by Mawson, in light of management's experience and perception of current conditions and expected developments, Mawson can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Figure 1: Grade/tonnage relationships at different AuEq g/t cut-off grades for the combined open pit portion of the Rajapalot constrained base case ("OC-UG") inferred resource

Figure 2: Grade/tonnage relationships at different AuEq g/t cut-off grades for the combined underground portion of the Rajapalot constrained base case ("OC-UG") inferred resource

Figure 3: Grade/tonnage relationships at different AuEq g/t cut-off grades for the Rajapalot underground only ("All Underground") inferred constrained resource. This is not the base case.

Figure 4: Resource growth at Rajapalot, highlighting August 2021 grade increase

Figure 5: Plan view of resource wireframes and EM geophysical plates with drill intersections coloured by grade times width with key drill results. Note a strong correlation of the resource block model wireframe and electromagnetic conductors that extend each target area to at least 800-1,000 metres down-plunge and provide a large upside footprint for increasing the resources in future drill campaigns.

Figure 6: Plan view of resource wireframes and EM geophysical plates with drill intersections coloured by grade times width with summarized resource number by prospect area. Note a strong correlation of the resource block model wireframe and electromagnetic conductors that extend each target area to at least 800-1,000 metres down-plunge and provide a large upside footprint for increasing the resources in future drill campaigns.

Figure 7: Oblique view towards northeast of Rajapalot project with the OC-UG model pits in light blue along with the semi-transparent Lidar surface, drill traces, and mineralized intersections and wireframes. All resource areas remain open to depth and the Company has developed a strong geological and exploration model to target mineralization.

Figure 8: Plan view showing growth potential remains strong in the Rajapalot gold camp. Approximately 80% of the Rajapalot area, or 20 kilometres of mineralization-host package remains untested by drilling. Rajapalot forms a smaller part of Mawson's larger 100 square kilometre Rompas-Rajapalot Finnish permit area owned 100% by Mawson.

SOURCE: Mawson Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/661460/Mawson-Announces-Over-1-Million-Ounces-Gold-Equivalent-at-Rajapalot-Finland-Gold-Ounces-Up-47-Gold-Grade-Up-19

Figure 1

War Eagle Showing with 2020 and 2021 Prospecting Results

Figure 2

War Eagle Channel Sampling Results

TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) announces results from its 2021 surface exploration program, including the identification of promising new zones of gold mineralization in shear zones located on and adjacent to the Company’s newly acquired War Eagle claims.

In parallel to its diamond drilling program, initial highlights recently released on the 19^th of July and the identification of new zones of high-grade mineralization released on the 20^th of August 2021, Red Pine commenced a prospecting, channel sampling and surface mapping program. This surface mapping program was conducted on and within the surroundings of the War Eagle claims, which are a prominent part of the Company’s strategy to strengthen the Wawa Gold land package.

The War Eagle mining claims exhibit gold showings with similar characteristics to the Wawa Gold Project’s highly prospective Darwin-Grace structures, both of which are located in the McMurray Township, Michipicoten region of Ontario, and is therefore defined as a high-value target for exploration.

Highlights of the 2020 and 2021 surface exploration program (Figure 1):

• Identification of promising zones of gold mineralization in shear zones located on and adjacent to the newly acquired War Eagle claims, with the first set of grab samples containing between traces and 9.40 g/t gold. Assay results from additional grab samples and channel samples in the area remain pending.

• Discovery of a network of parallel quartz veins 290 metres north of the historic Darwin-Grace Mine. Grab samples from 2020 contain 67.90 g/t gold in one vein and grab samples obtained in 2021 contain 19.8 g/t gold in a parallel vein.

• Identification of the Nyman Vein 120 metres east of the main showing with grab samples containing up to 4.10 g/t gold.

• Identification of a new gold showing located near the historic Moody Pit, 900 metres north-east of the Darwin-Grace Mine, with grab samples from 2020 and 2021 containing between 4.03 and 11.50 g/t gold.

• Identification of the southern extension of the Grace Shear Zone where assay results remain pending.

• Channel sampling on near the War Eagle showing of 1.84 g/t gold over 4.70 metres, including 4.64 g/t gold over 1.00 metre and 2.43 g/t gold over 3.00 metres including 4.74 g/t gold over 1.00 metre (Table 1 and Figure 2).

The reader is cautioned that grab samples are selective by nature and do not represent the true metal content of the mineralized zone.

“The Wawa Gold Project’s large land package continues to exhibit prolific occurrences of gold mineralization. Our 2021 exploration program includes efforts to expand our knowledge and prioritize these targets for future diamond drilling. As we continue to delineate both the Surluga and Minto Mine South deposits, we are confident that these greenfield targets located in the underexplored areas of the property will add value to the project and to our shareholders” – Quentin Yarie, President and CEO.

Figure 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b03bb006-610c-4120-b526-722b631484c0

Surface Exploration

War Eagle Claims

Field mapping, channel sampling and prospecting on and around the War Eagle claims identified numerous shear zones with visual indicators suggesting the presence of gold mineralization. This includes quartz shear veining, pyrite and arsenopyrite mineralization as well as areas of strong biotite or white micas alteration. Field mapping was also successful at confirming the southern extension of the Grace Shear Zone, 125 metres along strike of the southernmost extension of the underground workings of the Darwin-Grace mine. Initial grab sample results from the mineralized structures identified in the area contain between 0.17 g/t and 9.40 g/t gold.

Channel sampling also returned promising gold results, shown below in Table 1:

Figure 2 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/060a95b7-bf59-4689-9b36-a23cf226e9cb

Darwin-Grace Mine and Nyman Vein area

Red Pine has identified, 290 metres north of the Darwin-Grace Mine, a network of quartz veins in which two grab samples in two separate veins contain 67.90 g/t and 19.10 g/t gold, a network of quartz veins not known prior to its discovery by Red Pine in 2020. The veins forming the network are striking in an orientation close to the Minto Mine South vein that hosts the Minto Mine South Deposit.

Field mapping and prospecting during 2020 and 2021 located the eastern extension of the Nyman Vein, 120 metres east from previous grab samples collected in 2016, contain up to 143.10 g/t gold in the vein (see news release of February 7, 2017). Grab samples from 2020 in the eastern extension of the Nyman Vein contain up to 4.10 g/t gold. The Nyman Shear Zone, hosting the Nyman Vein, is emerging as a potentially significant exploration target on the Wawa Gold Project. Based on the geometry of the workings of the Darwin-Grace mine, the Nyman vein could represent the surface expression of the up-dip extension of the E-W structure mined between levels 6 and 8 of the mine in the 1930’s. Red Pine’s drilling of the Nyman Vein in 2017, with the intersection of 10.10 g/t gold over 0.82 metres, indicates that the structure extends at depth (see news release dated May 4, 2017).

Field mapping in 2021 also revisited discoveries from 2020 in the area near the historic Moody Pit showing, with sampling of a shear zone near the historic Moody Pit showing identifying a quartz vein containing up to 11.50 g/t gold. Grab samples from the shear zone hosting the quartz vein taken in 2021 and 2020 exhibit gold content between 4.03 and 6.12 g/t gold. Additional fieldwork, including mechanized stripping, will be necessary to establish the continuity and grade of that mineralized structure.

The reader is cautioned that grab samples are selective by nature and do not represent the true metal content of the mineralized zone.

On-site Quality Assurance/Quality Control ("QA/QC") Measures

All samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed and approved the news release’s technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, and the Ontario Energy Board. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com.

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

¹National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019

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

This News Release contains forward-looking statements. 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.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

TORONTO, Aug. 25, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has cut an additional 2,267 m of core from its 2018 diamond drill program on the Good Hope Niobium Project, located 45 km northwest of Marathon, Ontario.

Logging and sampling of the core is currently underway. To date, 2,115 samples have been sent to the Actlabs facility in Thunder Bay, Ontario for niobium analysis. The remaining 199 samples from the final 2 holes (PGH-18-10 and -10A) will be submitted for analysis by August 25, 2021.

All holes intersected zones of massive carbonatite within a brecciated system consisting of variably fenitized (altered) alkaline rocks (syenite to alkali feldspar granite) intruded by carbonatite dykes and crosscutting carbonatite veins. The drilling encompassed an area of approximately 500 m by 500 m with all holes drilled in a northwesterly direction. The nine completed drill holes ranged in length from 372 m to 672 m, testing the area to a vertical depth of between 285 m and 580 m.

2018 DRILL PROGRAM HIGHLIGHTS

Assay highlights from previous work conducted on the property include up to 1.466% niobium (Nb₂O₅) and 11.52% phosphorus (P₂O₅) from sampling of the original surface pits in 2014 and up to 0.950% Nb₂O₅ and 6.20% P₂O₅ over 1.1 m in core sampling by Plato Gold during its initial diamond drilling program in 2018 (Giroux 2018). Other significant results from the 2018 program, which consisted of 5016 m of HQ diameter drilling in 10 holes, are provided in the table above.

Exploration planning and ongoing review of all historical data indicated that additional sampling of the drill core was warranted. Ultraviolet (UV) scanning of the recently cut drill core has indicated a high percentage of apatite in unsampled sections, which is closely associated with the niobium-rich pyrochlores, that was previously not examined because of budgetary constraints.

The Good Hope Property is a discrete carbonatite complex located northwest of the Prairie Lake Carbonatite Complex. The Good Hope carbonatites are host to niobium mineralization which occurs principally as pyrochlore-apatite clasts within a carbonatite breccia. The carbonatites are distinct in their mineralogy from the nearby Prairie Lake Complex.

The Company is planning a high-resolution magnetic and radiometric airborne geophysical survey over the Good Hope Property prior to initiating a phase 2 diamond drilling program.

The technical information found within this news release has been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) for the purposes of NI 43-101.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and Frankfurt Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz, Argentina.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation Mining’s Sally deposit.

For additional company information, please visit www.platogold.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
info@platogold.com
www.platogold.com

Forward-Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals that may offset operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

VANCOUVER, BC / ACCESSWIRE / August 24, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to update exploration progress on the Company's wholly owned 586 square kilometer Klondike District Project near Dawson City, Yukon Territory.

Update Summary of 2021 Exploration Program

• Drill Phases 1, 2 and 3 are complete. Awaiting assays from 45 holes totaling 6,532 meters drilled.

• New Phase 4 1,500 m drill program added to include new high-priority targets generated by prospecting, scheduled to begin early September.

• Re-interpretation and detail analysis of 2019 LIDAR survey by GeoCloud Analytics of Melbourne, Australia, in progress with encouraging preliminary results.

• LIDAR Industries hi-res ortho-photo survey flight is complete with final results pending.

• SRK Consulting is contracted to prepare a NI 43-101 Technical Report. Field work and site visits are complete, report writing is underway, with filing expected by Q4 2021, contingent on timing on drill core assays to be included.

Drilling Update:

The 2021 exploration program was designed primarily around three phases of drilling with Phase 1 reconnaissance targeting Virgin and Lindow, and then phase 2 and 3 targeting areas of the Lone Star Zone and Stander Zone respectively for extensions to mineralization to be included in a planned maiden mineral resource study.

Phase 1 test of the Virgin and Lindow showing was completed in May with a total of 356 meters of core drilled in five holes; three at Virgin Mine and two at Lindow targets. (see NR May 26, 2021)

Phase 2 drill testing of the Lone Star Zone is complete. The Lone Star ‘East' area (Phase 2a), the potential eastern extension of the drilled Lone Star Zone, was tested with 12 holes totalling 1,222 meters. The Lone Star ‘Deep' area (Phase 2b), the downslope and potential down-dip extension of the drilled Lone Star Zone, was tested with 13 holes totalling 2,661 meters. (See Figure 1). Samples from all holes have been submitted for analysis.

Final results for the earliest drilled holes are expected to become available within the next 10 days.

Figure 1: Lone Star Zone Target Areas and 2021 Drill Holes.

Phase 3 drill testing of the Stander Zone is complete. A total of 20 holes totalling 2,649 meters tested for down-dip and along-strike extensions of the drilled Stander Zone mineralization. (See Figure 2). Samples from all Stander Zone holes have now been submitted to the lab for analysis.

Figure 2: Stander Zone Target Areas and 2021 Drill Holes.

Ongoing Exploration

A Phase 4 addition to the 2021 drilling program consisting of approximately 15 holes totalling 1,500 meters is planned to include testing a new target area located by recent prospecting described below. Phase 4 drilling is scheduled to being in early September.

Peter Tallman, President and CEO comments, "Recent prospecting efforts have targeted LIDAR features interpreted as faults identified from a 2019 high resolution survey of the Company's entire Klondike District Project. This work has located blocks of sub-cropping quartz veining with coarse pyrite and (rarely) visible gold associated along a 2km LIDAR feature which is a compelling new exploration target for Phase 4 drill testing."

Preliminary non-quantitative ICP analyses indicate the presence of gold in the samples; full prospecting assays are pending.

Klondike Gold has contracted GeoCloud Analytics of Melbourne, Australia to complete a detailed re-interpretation of the 2019 LIDAR survey data. This work is intended to substantially increase the overall resolution of the original survey and to identify and systematically map key features that will help the Company target additional areas of potential mineralization. The work is in progress.

Klondike Gold has contracted LiDAR Services International Inc. to complete a high resolution orthophoto survey over key areas of the Klondike District Project. The survey has been flown with final results pending. Preliminary results have identified a large number of undocumented prospect pits and workings, and also significant faults that have been masked by ground cover and permafrost. These are high priority prospecting targets to examine in September.

SRK Consulting of Toronto have been contracted to prepare a NI 43-101 Technical Report summarizing geology and exploration on the Company's Klondike District Project. Site visit field review has been completed. The report is anticipated to be completed for filing by Q4 2021. Previously in 2018 and 2019 SRK Consulting was contracted to provide services related to structural mapping and implementation of oriented core protocols.

QUALIFIED PERSONS REVIEW

The technical and scientific information contained within this news release has been reviewed and approved by Ian Perry, P.Geo., Vice-President Exploration of Klondike Gold Corp. and Qualified Person as defined by National Instrument 43-101 policy. Detailed technical information, specifications, analytical information and procedures can be found on the Company's website.

COVID-19 UPDATE

Klondike Gold continues to take proactive measures to protect the health and safety of our local host community, our contractors and our employees from COVID 19. Exploration activities in 2021 continue to have additional safety measures in place, following and exceeding all the recommendations made by the Yukon's Chief Medical Officer.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr'ondëk Hwëch'in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

"Peter Tallman"

President and CEO
(604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

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.

Disclaimer for Forward-Looking Information

"This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required."

SOURCE: Klondike Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/661039/Klondike-Gold-Drills-45-Holes-Totalling-6532-meters-and-Expands-Drill-Program

VANCOUVER, British Columbia, Aug. 24, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to provide a Maricunga project update.

• Minera Salar Blanco (“MSB”) continues to work with Mitsui & Co. Ltd. on its due diligence, along with process testing of samples of Maricunga brine in its Japanese facility.

• It is expected that the existing non-binding MOU with “MSB”, announced to the TSX/ASX on 11 May 2021, will progress to be binding in Q1 2022.

• An updated JORC/43-101 Resource Report is due for finalization and release mid-September 2021.

• An updated Definitive Feasibility Study (DFS) is due for release in early November 2021.

• “MSB” is also pleased to advise that it is in discussions with several other potential international partners to take a financial position, with both debt and/or equity, in the development of the project.

Lithium Power International Limited (ASX:LPI) 50.6% majority owner of Minera Salar Blanco (“MSB”) announced today the completion of a placement gross proceeds of $AUD 12.4 million. Funds raised from the Placement will be used for ongoing funding for Minera Salar Blanco (“MSB”) in the development of the Maricunga Lithium Brine Project (“Maricunga”) and for renewed exploration programs in Western Australia.

Bearing Lithium’s Chairman Gil Playford commented:

“On July 19, 2021 Bearing announced a private placement of $CAD 1.6 million. Bearing invested $US 1.2 million in “MSB” on August 3, 2021 for its share of equity requirements in “MSB” for 2021, prior to a final investment decision in Maricunga for 2022.”

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”
Gil Playford, Chairman
gplayford@bearinglithium.com

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.

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. 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. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

SUDBURY, ON / ACCESSWIRE / August 24, 2021 / Northern Superior Resources ("NorthernSuperior" or the "Company") (TSXV:SUP)(OCTQB:NSUPF) is pleased to announce that the Company has initiated it's 2,530 m, 220 hole reverse circulation (RC) drilling program on it's large (30km by 15km, 12,545 hectare), 100% owned Croteau Est gold property, Quebec. The purpose of this program, as previously announced (see Northern Superior press release July 20, 2021) is to define the northern and eastern extension of the gold "footprint" associated with the NI 43-101 compliant (640,000 ounce at 1.7 g/t gold inferred) CBSZ gold deposit.

To test the economic viability of this larger footprint, the RC program is designed to address three primary areas:

1. Accurately determine the distribution and lithogeochemistry of the three primary lithological units (Croteau-Bouchard Shear Zone and gold deposit [CBSZ], Croteau North Shear Zone [CNSZ] and intervening tuffaceous sediments);

2. Determining if the package of primary lithological units should be considered as an economic target in addition to just the CBSZ; and

3. Determining the extension of these three units past the Croteau Fault and how both the Croteau Fault and Croteau Deformation Zone may play a role in gold mineralization within this system.

To address these, the RC program will cover two rectangular areas with RC holes in each spaced 50x 100 apart (Figure 1). The first and most easterly rectangle consists of approximately 184 RC holes and covers an area of approximately 600m by 1km. The second rectangle, directly west of the first, consists of 36 holes and covers an area of approximately 450m x 400m. Each RC hole will penetrate into the bedrock surface 1.5m. The lower basal till (overburden material lying directly over bedrock) and bedrock chips will be collected. The basal till will be processed for gold grains and geochemical analysis. The lithology and geochemistry of the bedrock chips will be determined.

The area to be drilled includes both the CBSZ and CNSZ and the intervening area of tuffaceous sediments. Also captured is the projected northeast extension of quartz porphyry dykes thought critical to high grade gold mineralization associated with the CBSZ mineral resource. In addition, sections of the Croteau Fault and Croteau Deformation Zone occur within the eastern side of the RC test area (Figure 1).

Within the areas to be drilled are anomalous gold grain-in-till, (Figure 2), mobile metal ion (Figure 3) and soil gas hydrocarbon signatures (Figure 4). The size and intensity of these anomalous values will be tested from the results of this program, important in defining specific target areas within the system.

Dr. T.F. Morris, President and CEO states: "We are excited to have this program underway and have observed excellent progress to date. This RC program is a cost effective and efficient method of testing the potential viability of a broader gold target north and east of the CBSZ."

"It is important to note that the Croteau Est property is a large 30km by 15km land package and already has a 640,000 oz 1.7g/t gold inferred resource on a very small portion of its land package with, the remainder of this property under explored. With success from this RC program we see potential to step out further onto our numerous regional targets on the property (see Figure 5)."

"We look forward to reporting on the results of this program as they become available."

CBSZ

The CBSZ is a gold deposit consisting of high-grade gold material, existing within a large alteration system The potential extension of the high-grade shoots at depth remains a compelling target with a supportive geological model as witnessed by our 96 percent success rate with our Phase II 2017 drill program.

The CBSZ gold deposit is currently defined from only 64 drill holes, 350m maximum depth over a 550m strike length, open at depth and open along strike both to the east and west. Within the CBSZ, gold is hosted in a 75-120m wide, east-west trending sericite-carbonate alteration zone and associated stockwork quartz veins. The system remains open along strike, east and west and also at depth.

Evidence for high grade gold material associated with the CBSZ comes from various sources (Table 1): bedrock grab samples (see Northern Superior press releases July 20, 2011, November 12, 2013), channel samples (see Northern Superior press releases, October 12, 2011, July 5, 2017) and core drilling (see Northern Superior press release November 13, 2017, January 10, 2018).

Table 1. Examples of various materials with high grade gold assays

Gold within the CBSZ is associated with at least 9 high grade gold shoots. All 9 high grade gold shoots are of mineable width and grade, dip to the east and are contiguous, as evidenced by the 96% hit rate experienced in the Company's 2017 core drill program (see Northern Superior Corporate Presentation, www.nsuperior.com). The mineralization was proven to extend directly to surface by projecting the shoots to surface and exposing it. This shoot consisted of two zones of >10g/t Au, 2.5m (long) x 2.0 m (wide) and 2.0m (long) x 0.5m (wide), enclosed by a halo of >5g/t Au, 7.0m (long) x 2.5m (wide) in turn enclosed by a halo of gold mineralization of >3g/t Au over an area of 8.0m (long) x 3.0m (wide)(see Northern Superior press release, November 3, 2014).

* Reference for Northern Superior's 640,000 ounce Inferred Gold Resource: "Drabble, Mark (B. App. Sci. (Geology), MAIG, MAusIMM); Glacken, Ian (BSc Hons (Geology), FAusIMM (CP), MIMMM, CEng; Kahan, Cervoj (B. App. Sci., MAIG, MAusIMM); Morgan, Rebecca (BSc Hons (Geology), GDip (Mining), MAIG, MAusIMM). October 12, 2015. Technical Report on the Croteau Est Gold Project, Québec September 2015, Mineral Resource Estimate."

Qualified Person

T.F. Morris (PhD, P.Geo., FGAC, ICD.D) is a Qualified Person ("QP") within the meaning of National Instrument 43-101. Dr. Morris has reviewed, and approved information disclosed in this press release.

About Northern Superior Resources Inc.

The Croteau Est gold property is one of three key mineral properties 100% owned by Northern Superior. The Company's two other properties (TPK and Lac Surprise) also represent regional scale exploration opportunities (see Northern Superior Corporate Presentation, www.nsuperior.com).

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP, and the OTCQB Venture Market under the symbol NSUPF.

For Further Information

Please refer to Northern Superior news available on the Company's website (www.nsuperior.com) and on SEDAR (www.sedar.com) or contact:

Thomas F. Morris PhD., P.Geo., FGAC , ICD.D
President and CEO
Tel: (705) 525 ‐0992 Fax: (705) 525 ‐7701
e‐mail: info@nsuperior.com

Cautionary Note Regarding Forward-Looking Statements

This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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.

Figure 1. Location of the RC grids. The drill areas capture several key lithological and structural units including the CBSZ and CNSZ and intervening tuffaceous units plus quartz-feldspar porphyry dykes (QFP), the Croteau Fault and Deformation Zone. See text for details.

Figure 2. Gold grain-in-till anomalies derived from surface overburden sampling and basal tills sampled from RC programs. A basal till sample collected immediately down-ice from an exposed high grade shoot yielded 877 gold grains, 844 of which were pristine grains (96%) indicating very close proximity to source. The RC basal till associated with RC hole CRO15-186 yielded 244 gold grains, 172 of which were pristine (70%). This on its own is a very compelling target as the background value for gold grains in this area is close to 1.

Figure 3. Mobile metal ion gold signature (MMI: areas of red). Note the strong MMI anomaly associated with the CBSZ where the QFP dykes occur. This makes the large red MMI anomaly in the northwest part of the RC grid particularly compelling.

Figure 4. Soil gas hydrocarbon gold anomalies (SGH: areas of dark red). Interestingly, the CBSZ does not have a significantly large SGH signature. However, the RC grid contains several very large and strong SGH signatures.

Figure 5. The CBSZ 43-101 compliant resource occurs at the intersection of the east to west oriented Croteau Bouchard Shear Zone and the northeast to southwest oriented Croteau Fault. There are at least 11 other such opportunities that occur on the Croteau Est property where east-west oriented shear zones are cross-cut by northeast to southwest faults. Gold showings at several of these intersections including Trench 101, Area # 5 and Croteau South emphasize this opportunity.

SOURCE: Northern Superior Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/660923/Northern-Superior-Initiates-Reverse-Circulation-Drill-Program-Testing-Expansion-CBSZ-NI-43-101-Compliant-640000-Ounces-Gold-17gt-Gold-Resource-Croteau-Est-Property-Chapais-Chibougamau-Gold-Camp

TORONTO, Aug. 24, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce the results of the 2021 channel sampling program on A-Zone and the McLeod areas on the Ishkoday Property, located 220 km northeast of Thunder Bay.

Highlights:

• Stripping of the northeast portion of the A-Zone, exposed surface mineralization that correlates with a high-grade historic diamond drill hole intercept. Stripping on the A-Zone revealed a series of sub-parallel horizons with folded semi-massive lenses, hosting up to 45% sulphides (See Figure 4).

• A newly discovered polymetallic vein, the Pond, was located southeast and sub-parallel to the McLeod quartz vein. This new mineralized area hosts gold, silver, copper, lead and zinc over a strike length of 130m and a width up to 2.7m (See Figure 5 and 6).

• The current assay results, combined with new geological understanding, confirms the presence of early volcanogenic mineralization (A-Zone type) that is, in turn, overprinted by a later orogenic veining event. Both event host Au mineralization and are polymetallic in nature, due to the remobilization of the primary sulphides.

A-Zone Summary:

As part of the 2021 summer exploration program on Ishkoday, the northeast extension of the A-Zone was stripped, revealing semi massive sulphide lenses. A total of five (5) subparallel mineralized horizons were discovered, all striking to the northeast. These horizons are converging toward what have been interpreted as a fold hinge, with a reconcentration of lens-shaped sulphide. These sulphide lenses consist of brecciated quartz within a sulphide matrix comprised of pyrite, chalcopyrite, sphalerite, and galena (see Figure 1) and are believed to be part of the volcanogenic mineralization at the Ishkoday Property. A total of 82 channels were sampled across the newly discovered A-Zone extension and 255 samples were taken on all the trenches (see key assays result in Table 1).

Table 1: Selected key results from channel sampling on the A-Zone.

McLeod Zone Summary:

The main focus of the stripping at McLeod was to expose vein hosted mineralization since historical stripping on the McLeod had revealed a metre-wide quartz vein over 130m in length. Laurion's stripping effort revealed a series of sub-parallel quartz-sulphide veins, striking to the southwest with a steep dip to the northwest. These orientations are comparable to the ones observed at the A-Zone. Sampling focus was put on the 2 main veins: 1) the McLeod quartz vein and 2) the newly discovered polymetallic vein dubbed the Pond (see Figure 2).

The McLeod quartz vein contains low pyrite (<2%), with sericite and chlorite alteration. A section of the vein is cut by a regional shear zone and presents a brecciated texture with strong epidote and chlorite alteration. The sheared McLeod quartz vein was power washed for approximately 7 m and four samples were collected. Highlights of sampling on the McLeod quartz vein is shown in Table 2.

Table 2: Results from Channel Sampling on the McLeod Quartz Vein.

The Pond is a polymetallic vein composed of brecciated quartz in a sulphide-chlorite matrix and is 0.30m to 1.3m wide. Mineralization of the wall-rock has also been identified at the vein selvedges. The mineralization contains up to 75% sulphides comprised mainly of pyrite, sphalerite and specks of chalcopyrite and galena (see Figure 3). The Pond mineralization appears to have a strike length of 750 m and is interpreted to represent the continuity of in the "V" Veins exposed in a cross-trench of the CRK Zone located further west of the McLeod Zone. Mineralization at the Pond zone is similar to what has been observed on the A-Zone, which comprises a succession of sub-parallel sulphide rich lenses composed of a quartz breccia with a sulphide-rich matrix (see key results in Table 3).

The LiDAR survey interpretation revealed historical trenches along the whole of the McLeod zone strike length, which were re-exposed and sampled. These results are pending. Furthermore, the LiDAR information and historic drill hole on the A-Zone and the McLeod, leads Laurion to believe that the sulphide-rich mineralization could extend up to 1,600m in strike length. In-fill diamond drilling between the A-Zone and the McLeod zone is currently in progress.

Table 3: Results from the Polymetallic Pond Zone Located on McLeod.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Jean Philippe Paiement, PGeo, MSc, a consultant to Laurion, and a "qualified person" within the meaning of National Instrument 43-101.

About LAURION

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 233,473,342 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The Brenbar Property, acquired in 2020, is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine. LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2021/24/c5317.html

Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report the Company has received proceeds of $1,359,522 as a result of the exercise of 9,711,089 common share purchase warrants.

The warrants were issued in connection with a private placement closed August 19, 2020 and were set to expire August 19, 2021. The Company intends to use the proceeds of the warrant exercise for mineral exploration and general working capital purposes.

"We would like to thank our long-term shareholders, for supporting the Company through the process of exercising these warrants. The exercise of these warrants provides additional funds for Max's well-financed exploration programs in both Colombia and Peru," commented Max CEO, Brett Matich.

ABOUT MAX RESOURCE CORP.

Max Resource Corp. is a copper and precious metals exploration company, engaged in advancing both newly discovered global scale CESAR copper-silver project (100% owned) in Colombia and the newly acquired RT Gold project (100% earn-in) in Peru. Both projects have potential for the discovery of large-scale mineral deposits; both stratabound-type copper-silver in Colombia and high-grade gold porphyry and massive sulfide in Peru.

Max Resource was awarded a Top 10 Ranked Company in the Mining Sector on the TSX Venture 50™ for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020.

For more information visit: https://www.maxresource.com/
For more information visit: www.tsx.com/venture50
TSX Venture 50™ for 2021 video: MAX Resource Corp. (TSXV: MXR) – 2021 TSX Venture 50 – YouTube

For additional information contact:

Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100

*The Venture 50 ranking is provided by TSX Venture Exchange Inc. ("TSXV") for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of this information and are not responsible for any errors or omissions in or any use of, or reliance on, this information. The Venture 50 program is not an invitation to purchase securities listed on TSX Venture Exchange. TSXV and its affiliates do not endorse or recommend any of the referenced securities or issuers, and this information should not be construed as providing any trading, legal, accounting, tax, investment, business, financial or other advice and should not be relied on for such purposes"

Neither 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

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94043

TORONTO, Aug. 20, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) announces the execution of a definitive agreement with Newton Gold Corp. (“Newton”) to sell all of Red Pine’s rights, title and interest to Newton in the Algoma-Talisman gold prospective property (the “Property”), located in Newton Township, Ontario (the “Transaction”). The Transaction will allow Red Pine to focus its efforts on its 100%-owned Wawa Gold Project in Wawa, Ontario, where it is currently undertaking a 15,000-metre diamond drilling program.

The agreement terms include:

The total purchase price (the “Purchase Price”) is CAD $1,050,000, payable by Newton to Red Pine as follows:

(a) CAD $550,000 payable on closing of the Transaction;

(b) CAD $500,000 payable on or before December 31, 2021.

In addition, Newton will grant a net smelter royalty of 1.5% (the “Royalty”) from mineral production on the Property to Red Pine, which can be repurchased by Newton for CAD $500,000.

Completion of the Transaction is subject to the satisfaction or waiver of all conditions set out in the Agreement, including the receipt of all regulatory and stock exchange approvals. Title to the Property will transfer upon full payment of the purchase price. Closing is expected to occur in the second half of August 2021.

The Property has been a non-core asset for the Company and Red Pine plans to use the proceeds from the sale of the Property to continue to focus on the exploration program at the Wawa Gold Project.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, and the Ontario Energy Board. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com.

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

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

This News Release contains forward-looking statements. 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.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

TORONTO, Aug. 19, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”), an exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to report the six and three months financial results for fiscal 2021 and 2020, as summarized below:

For full details, please visit us at www.platogold.com.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and Frankfurt Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz, Argentina.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation Mining’s Sally deposit.

For additional company information, please visit www.platogold.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
info@platogold.com
www.platogold.com

Forward-Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals that may offset operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, Aug. 19, 2021 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") announces that it has granted to each of John Covello and Nick Ierfino incentive stock options ("Options") to acquire 18,106 common shares of the Corporation, exercisable on or before August 19, 2026 at an exercise price of $0.55 per share, subject to vesting requirements. These Options are part of a discretionary performance bonus awarded to Mr. Covello and Mr. Ierfino (who are both directors of the Corporation) in recognition of their significant contributions to the Corporation's capital raising initiatives.

The issuance of Options, as contemplated in this news release, is subject to the terms of the Corporation's stock option plan and TSX Venture Exchange ("TSXV") approval.

LAURION Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. The Corporation currently has 233,556,667 outstanding shares, of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of the Ishkoday Property.

Follow us on LinkedIn: https://www.linkedin.com/in/cynthia-le-sueur-aquin-laurion-04b03017/

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, management's objectives, strategies, beliefs and intentions and the issuance of Options. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of the interpretation and actual results of current exploration activities, the TSXV not providing its approval for the granting of Options, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2021/19/c7671.html

TORONTO, Aug. 19, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce the appointment of Ana Milena Vásquez as Executive Vice-President and Rodolfo Higuera as Vice-President of Sustainability.

Ms. Vásquez has extensive Colombian experience in mining, community and government affairs. Most recently, she held the position of Senior Vice-President of External Affairs and Sustainability at Continental Gold leading the environmental, sustainability, communications and international standards programs. Prior to that, she was Country Manager of Red Eagle Exploration, President of Minera Vetas in Colombia, and co-founder and Vice-President of Business Development at CB Gold Inc.. Previously, Ms. Vásquez was Chief Financial Officer and General Manager of Carbones del Cesar S.A. in Colombia and General Manager of Carbones Nueva Naricual C.A. in Venezuela. Ms. Vásquez is co-founder of Women in Mining Colombia and has been recognized as one of the Top 100 Global Inspirational Women In Mining by WIM UK in 2020 which has a proven track record of advocating and promoting women’s opportunities, empowerment and equality for senior level positions in the private sector. Ms. Vásquez holds a Masters in Financial Analysis from the Universidad Carlos III de Madrid and a Bachelor degree in Finance and International Relations from Universidad Externado de Colombia.

Mr. Higuera has 13 years of experience in mining, community and environmental affairs in Colombia. Most recently, he held the position of Director of Social Management and Mining Formalization at Continental Gold, where he was part of the environmental permitting process and implemented social programs that helped to secure their license to operate. Previously, he was an Advisor for the International Financial Corporation (“IFC”) for mining formalization in the EcoOro mining project and Director of Social Responsibility at Minas Paz del Río – Votorantim Metais, where he led the social management area and structured mining formalization programs. Mr. Higuera is a Sociologist from the National University of Colombia and has completed postgraduate studies in Organizations, Development and Social Responsibility from the Universidad de los Andes.

“I am thrilled to work with such a successful team lead by Ari Sussman. As demonstrated at Continental, each of us has a strong commitment to implement the highest ESG standards to our operations while delivering results and high value to our shareholders. I am happy to be part to this new chapter in the history of the mining sector in Colombia”, commented Ms. Vásquez.

Mr. Higuera commented, “I am proud to be able to contribute to a company whose management has delivered excellent results and commitment to its stakeholders. Moving forward we will continue to strengthen the trust we have earned to date and will continue to work tirelessly to generate value for our host region.”

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in late August 2021.

For further information, please contact:

Paul Begin, Chief Financial Officer
Collective Mining Ltd.
Telephone: (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about sustainability and delivering results to stakeholders, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions, including those identified in Collective’s most recent MD&A and other disclosure documents filed on and available on SEDAR at www.sedar.com. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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

DENVER, CO / ACCESSWIRE / August 18, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") considers the health and safety of its workers and host communities a fundamental priority of the Company's operations. Like many other countries, the highly contagious COVID-19 delta variant has had a devastating impact on Mexico. In the last three days, the number of individuals in isolation at the Don David Gold Mine has climbed to 102, stretching our camp and extra accommodations in the local communities to the limit. After discussions with our medical staff and an epidemiologist, we are reducing the movement of people coming to the mine site from the local communities and the region. Accordingly, we will ramp down operations starting today and will continue with significantly reduced activities at the mine for at least the next ten days. Our objectives include minimizing the further spread of infection amongst our workforce and the local communities, providing relief to our medical teams, and not further overstraining our accommodations.

The operations will continue with those employees and contractors who have agreed to stay in the camp for periods longer than the usual rotation to create a bubble. Testing frequency will increase with stricter procedures governing operational activities. Exploration, construction of the filter press, transportation and certain other critical activities will continue following the implementation of the enhanced protocols.

We are monitoring the situation daily to assess when normal operations can resume and will report back to the market as more information becomes available.

Cautionary Statements:
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward- looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward- looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Also, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limitedto, those discussed in the Company's 10-Q filed with the SEC.

For further information please contact:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

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TORONTO, ON/ ACCESSWIRE / August 18, 2021 / PJX Resources Inc. (TSXV:PJX) ("PJX" or the "Company") is pleased to announce that grab samples of quartz veins in a granitic intrusion returned gold values ranging from anomalous to 28,841 ppb (28.84 g/t) gold on PJX's Zinger Property Gar Target located in the Vulcan Gold Belt of the Sullivan Mining District near Cranbrook, southeastern British Columbia, Canada.

"The style of gold mineralization and the intrusion hosting the gold appear similar in type to the Fort Knox gold deposit in Alaska" states Mr. John Keating, President and CEO of PJX Resources. "Fort Knox and the Gar intrusive target both have visible gold that occurs mainly as sheeted veins within Cretaceous granite that intrudes Proterozoic sedimentary rocks. The sulphide content of veins is low in both the Fort Knox and the Gar intrusive, and gold mineralization is associated with elevated bismuth, molybdenum and tungsten. Associated hydrothermal alteration is not significant in either camp."

Fort Knox has produced 7.5 million ounces of gold since 1969. Host granite has a surface exposure of approximately 1100 by 600 meters, comparable to the PJX Gar intrusive target area of approximately 1200 by 500 meters.

A 1,600 m long gold soil anomaly occurs over the Gar Intrusive. The intrusive is largely covered by overburden and has not been explored with geophysics or been drill tested. Airborne EM and magnetic surveys along with follow-up mapping and prospecting are ongoing this summer to help define targets to drill.

In Summary

• Sheeted quartz veins with gold (Photo A below) occur within and along the margins of a felsic (granitic) intrusive, the Gar intrusive of Cretaceous age (Figure 1 below).

• PJX grab samples of veins returned gold values ranging from anomalous to 28.84 g/t gold.

• Gold occurs as visible gold or with minor sulphide (Photos B & C below).

• Possible multiple generations of veins with gold.

• Compilation of pre-PJX soil survey data has identified a 1,600 m long gold in soil anomaly, that corresponds with showings of gold found in sheeted veins. (Figure 2 below)

• Bismuth and molybdenum soil anomalies also occur in the Gar intrusive and proximal sediments.

• Gold with magnetite occurs locally in sedimentary rocks proximal to the Gar Intrusive.

• The Gar intrusive is largely covered by overburden, has not been explored with geophysics, and has never been drilled.

Figure 1

Figure 2

Photo A – Sheeted vein in Gar Granitic Intrusive, 1365 ppb (1.36 g/t) gold

Photo B -Visible Gold in quartz vein in Gar Intrusive (magnified photo)

Photo C-Visible Gold in Pyrite in quartz vein in Gar Intrusive (magnified photo)

The Gar Intrusive-related Gold Target occurs in the Vulcan Gold (VG) Belt of the Sullivan Mining District. The VG Belt is located at the intersection of two crustal scale structures in Western North America. These deep-penetrating structures are associated with gold mineralization and a variety of base metal deposits along their trends. PJX Management believe that this intersection is the focal point of a large mineralizing system. This system localized the deposition of the world class Sullivan zinc-lead-silver deposit and over 60 km of creeks with placer gold. The Gar target is one of a number of large intrusive related targets with gold and/or copper mineralization potential that we are continuing to explore and will release information on in the coming months.

Qualified Persons

The foregoing geological disclosure has been reviewed and approved by John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, Chief Executive Officer and a Director of PJX.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper). PJX's primary properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.

Please refer to our web site http://www.pjxresources.com for additional information.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Linda Brennan, Chief Financial Officer
(416) 799-9205
info@pjxresources.com

Forward-Looking Information

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. Forward-looking statements include, but are not limited to, statements with respect to exploration results, the success of exploration activities, mine development prospects, completion of economic assessments, and future gold production. 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 actual results, level 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.

Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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.

SOURCE: PJX Resources Inc.

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Vancouver, British Columbia–(Newsfile Corp. – August 16, 2021) – Comstock Metals Ltd. (TSXV: CSL) ("Comstock" or the "Company") is pleased to announce the appointment of Derek Knight as a director of the Company.

Derek Knight is a two-decade veteran in project management with a proven track record of delivering efficiency optimization and cost benefit. Currently serving as Vice President, Corporate Development at Snow Lake Resources, a significant lithium mining company in Northern Manitoba, Derek is leading the initiative to pursue a NASDAQ listing. Prior to his current role, Derek acted in the capacity of CEO and was responsible for several funding rounds in addition to corporate restructuring and resource expansion. Derek also served as COO at Progressive Planet (PLAN), a TSXV listed entity where he was responsible for the asset management of a multi resource strategy company. During the course of his tenure, Derek managed a cost rationalization project that involved asset disposal and the execution and commissioning of a successful processing facility.

About Comstock Metals Ltd.

Comstock Metals is advancing the Preview SW Gold Project, a resource-stage gold project in the La Ronge district of Saskatchewan. The Preview SW deposit hosts indicated mineral resources containing 158,300 ounces of gold (2.61 million tonnes grading 1.89 g/t Au) and inferred mineral resources containing 270,800 ounces of gold (5.70 million tonnes grading 1.48 g/t Au), both based on a 0.50 g/t Au cut-off grade¹. During 2017 and 2018, Comstock completed diamond drilling campaigns targeting the Preview North zone and the Preview SW deposit comprising 24 holes totaling 4,700 metres. Several additional, relatively untested targets remain on the Property, including the A, B, C, and Clearwater zones (Map 2).

Map 2. Preview SW Property Map Showing Drilled Gold Zones

To view an enhanced version of Map 2, please visit:
https://orders.newsfilecorp.com/files/7078/93287_b97fb778a44379a1_001full.jpg

For further details, see the Company's website at www.comstock-metals.com

Qualified Persons

The scientific and technical information contained in this news release as it relates to the Preview SW Gold Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.

Forward-Looking Statements

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

For more information about Comstock Metals Ltd., please refer to Comstock Metals' website at www.comstock-metals.com or contact:

Steven H. Goldman
President, CEO and Director
COMSTOCK METALS LTD.
Cell Phone: (416) 917-1533
Email: s.goldman@goldmanhine.com

Neither 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.

____________________

¹ The Company has filed on SEDAR the 43-101 Technical Report, Preview SW Gold Project, La Ronge, Saskatchewan, prepared for Comstock Metals Ltd. by Ronald G. Simpson, P.Geo., Geosim Services Inc. Effective date September 27, 2016.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93287

TORONTO, Aug. 13, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSX.V: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce that LAURION has received notice that the Implementation Order Covering Restricted Fire Zones were lifted, for the area covering the east and north of Lake Nipigon.
Drilling will resume and the LAURION exploration team will complete the balance of its planned 2021 10,000m drill program.

The Ishkoday Property is located 28 km north-east of the town of Beardmore and 220 km north-east of Thunder Bay, Ontario.

LAURION had received notification that as of July 21, 2021, MNRF industry-wide Emergency Area Order, that mineral exploration activities such as diamond drilling, stripping and trenching, channel sampling, use of metal tracked equipment and rubber-tired equipment, surveys using a generator and road or trail building covering restricted fire zones over specified areas, are prohibited in order to protect public safety and facilitate effective fire suppression.

During this Emergency Area Order period, LAURION continued with its exploration program of prospecting and geochemical sampling following up on geophysical surveys of anomalies on a substantial highly prospective area north of the Namewaminikan River, ensuring the safety of its exploration team while cognizant of the dry conditions of the field.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Jean Philippe Paiement, PGeo, MSc a consultant to Laurion, and a "qualified person" within the meaning of National Instrument 43-101.

About LAURION

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 233,473,342 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2021/13/c3009.html

• All Seven drill holes completed to date have intersected significant widths of veining and sulphides demonstrating the robust nature of this mineralized system at the Surebet Polymetallic Gold-Silver Zone.

• Following the successful first drill hole from the North Showing drill pad (GD21-006, 195 meters, 030⁰/-62⁰) which intersected 61.5 meters* of quartz-sulphides veining, brecciation and associated alteration, the campaign’s seventh hole from the North Showing drill pad, GD21-007 (177 meters, 060⁰/-62⁰) cut 48.2 meters* of extensive veining and similar quartz-sulphide stockwork to that seen in GD21-006.

• Portable XRF readings** from GD21-07 at a downhole depth of 115 meters returned up to 2293 g/t Silver, 0.09 % Copper, 0.20% Zinc and 1.68 % Lead (link to images).

• GD21-06 and now GD21-007, both ~600 meter step out from the Cliff Showing confirm the extent and the orientation of the sulphides mineralization at ~350 meters up-dip and ~450 meters along strike, remaining open in all directions (link to images).

• GD21-007 plunges to the northeast ~75 m south of the North Showing, intersecting strongly altered sandstone with variable amounts of quartz-sulphides (pyrrhotite-galena-sphalerite-chalcopyrite) veining and stockwork from 69.4 – 117.6 meters, overprinted by more massive quartz-carbonate breccia with minor sulphides between 88.0 to 97.5 meters downhole length. The mineralized interval ends ~30 meters south of mineralization in GD21-006.

• Drill core from the polymetallic mineralization in the 5 drill holes of the Cliff Showing and now the 2 drill holes from the North Showing have been sent for assay and the first set of results will be finalized shortly.

• A minimum of 4 fan drill holes will be completed at the North Showing, and additional fan drilling is planned for the Lower and Upper Waterfall, Main and Central Showings of the Surebet Polymetallic Gold-Silver Zone, testing the strike length of ~1000 meters exposed at surface.

• The 2021 fully funded maiden drill campaign will include step-back holes to test the mineralized structure to a down-dip extent of 500 meters. Based on the polymetallic mineralization observed to date, a second drill has been added to the program to maximize production.

• A recent airborne geophysical survey and 3D magnetic model delineate a magnetic high to the west and beneath the Surebet Zone, possibly representing an intrusive body that could serve as the source for this extensive system of high-grade gold-silver mineralization.

• ~5,000 meters of drilling are planned and will target the extensive Surebet higher-grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth (link to video).

^{* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the exact geometry of the quartz-sulphides system. ** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot measurements referenced here were collected using a Niton XL3t XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with Gold. Assay results are pending.}

TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a 48.2 meters* drill intercept of quartz-sulphide (galena, pyrrhotite, sphalerite, chalcopyrite) veining, brecciation and associated alteration from the seventh drill hole (GD21-007) during the Company’s 2021 Maiden Diamond Drill Program (the “Campaign”) at its 100% controlled Golddigger Property (the “Property”). Based on the initial observations of extensive polymetallic mineralization in the first six drill holes, a second drill rig was added to the Campaign in order to accelerate the drilling at depth.

Both rigs will continue to trace the full extent of the Surebet Polymetallic Gold-Silver Zone (“Surebet”) along strike and at depth. The recently completed airborne geophysics survey (Magnetics, Electromagnetics) indicates more widespread magnetism at Surebet, likely related to the presence of pervasive magnetic pyrrhotite. The survey also defined the boundary of the major intrusive body to the west along with a number of offshoot dykes in the immediate area of the known Surebet mineralization, both of which are believed to be part of the driving force of the polymetallic mineralization.

Additional fan drilling is planned for the adjacent Lower and Upper Waterfall, Main, Central and North Showings at Surebet, testing the strike length of 1000 meters exposed at surface. The drill campaign has been modified focussing on step-back holes using the two rigs to test the mineralized structure. In addition, the Company plans on testing the Cloud 9 Gold Showing (“Cloud 9”) located ~900 meters west of Surebet, and if successful, this would extend the down dip depth of the mineralization to nearly 1000 meters (link to image). Cloud 9 has similar mineralization to Surebet. Geologic observations at surface and within drill core shows structural strain concentrating along the Surebet and bent to a shallower geometry. Hopefully there are several of these en echelon structures within the mineralized domain. Surebet still remains open in all directions.

The recently completed helicopter airborne geophysical survey was flown at 50 meter line-spacings by Precision GeoSurveys using their exclusive 3 sensor triple boom high resolution instruments (Gradient magnetics, electromagnetics). The data was modelled by both our technical team and Precision GeoSurveys, and indicates more widespread magnetism at Surebet, some features may represent magnetic pyrrhotite-rich structures. The survey and 3D modelling defined an intrusive body to the west and underlying both Surebet Zone and the entire surrounding area. The data collected also coincides with some of the documented dykes mapped on surface in the area of the Surebet and beyond. Geophysical modelling provides valuable insight to the geometry and setting of this extensive hydrothermal system. The planned drilling will test the newly developed model while focusing on expanding the Gold Silver mineralization both along strike and to depth. Our understanding of this system will continue to grow based on the hard data collected as the inaugural drill program moves forward.

GD21-007, second drill hole at the North Showing

GD21-007 was drilled towards the area south of the North Showing where 2020 channel cut and grab samples yielded intercepts of 5.13 g/t AuEq over 12.3 meters, including 17.86 g/t AuEq over 3.1 meters, and 15.09 g/t AuEq over 5.3 meters including 17.01 g/t AuEq over 4.7 meters (Company news release dated November 10, 2020).

GD21-007 plunges to the northeast ~75 m south of the North Showing, intersecting strongly altered sandstone with variable amounts of quartz-sulphides (pyrrhotite-galena-sphalerite-chalcopyrite) veining and stockwork from 69.4 to 117.6 meters, overprinted by more massive quartz-carbonate breccia with minor sulphides over a 9.5-meters section between 88.0 to 97.5 meters downhole length. The mineralized interval is ~30 meters south of mineralization in GD21-006.

The 2021 drill campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1000 meters (1km) of strike and to a down dip depth over 500 meters at the Surebet Zone (“Surebet” or the “Project”). Currently Surebet averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut samples taken in 2020. Surebet also has 500 meters of vertical relief and 1000 meters of inferred down dip extent. The Property is in a mining friendly jurisdiction in a world class geological setting near Stewart, B.C. in the Golden Triangle of British Columbia. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

^{* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot measurements referenced here were collected using a Niton XL3t XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with Gold. Assay results are pending.}

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew of a company contracted by Goliath. Core boxes are transported by helicopter over a 15 kilometer distance to the Kitsault staging area, and then transported by truck approximately 500 meters to the Goliath core shack. The core is then re-constructed, meterage blocks are checked, meter marks are labeled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit™.

Drill holes were planned using Leapfrog Geo™ and QGIS™ software and data from the 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures.

Drill core containing quartz, sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a plastic bag with an ALS sample tag. Standards, blanks and pulp duplicates were added in the sample stream at a rate of 10%. Samples are transported in rice bags sealed with numbered security tags. Goliath personnel drives samples from Kitsault to Terrace and a transport company takes them from there to the ALS lab facilities in North Vancouver. At ALS, samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and PGM-ICP24 methods. Overlimits are re-analyzed using the ME-OG62, Ag-GRA21, and PGM-ICP27 methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening (Au-SCR24C) method.

Golddigger Property

The Property has an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, B.C.

Surebet is located some 8 kilometers southwest of the Homestake Ridge project which is a high-grade gold-silver deposit that contains 982,700 ounces of gold @ 4.99 g/t Gold and 19,600,000 ounces of Silver @ 97.7 g/t Silver, with drill intercepts of up to 73 meters of 21 g/t Gold and 12 g/t Silver (source – Fury Resources Inc. PEA & Website) (Link to Map).

At Surebet, multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 g/t AuEq (with 7.59 g/t Gold) with 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill campaign. Higher grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying up to 0.5 g/t AuEq (Link to news November 25, 2020).

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 kilometers of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this

release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be 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 a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

DENVER, CO / ACCESSWIRE / August 12, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") considers the health and safety of its workers and host communities a fundamental priority of the Company's operations. With pandemic wellness protocols in place, the Company has mined continuously since the Mexican government allowed the Company's operations to reopen in May of 2020.

Like many other countries, the highly contagious COVID-19 delta variant has had a devastating impact on Mexico. In the last three weeks, the Don David Gold Mine has seen 77 cases confirmed with testing. Most of the people who have fallen ill are experiencing flu-like symptoms, but some were asymptomatic. To combat the virus, we have extended our screening protocols and medical assistance, where appropriate, to our local communities and to regions where our employees may travel on rotation. Currently 30% of our work force or 292 individuals are fully vaccinated, and we expect that another 200 will be vaccinated in the next week. Vaccination efforts are being led by local community government and current expectations are that all individuals in the local communities and in our workforce who wish to be vaccinated will be vaccinated by the end of September.

"We are grateful that the local communities of San José de Gracia and San Pedro Totolápam, and our employees are working together implementing COVID-19 safety protocols. Prevention is the best defense while vaccination for COVID-19 progresses in Mexico," said Alberto Reyes, Chief Operating Officer of Gold Resource Corporation. "This is a troubling time with the surge in the delta variant of COVID-19. Reducing the risk of transmission and protecting the health and wellness of our workers and surrounding communities is our top priority. We have in place a comprehensive COVID-19 safety plan to provide a safe work environment and to minimize the infection and transmission risk of COVID-19 to employees, contractors, and local communities."

While we have in place the more stringent transportation and workplace protocols, we will vary our mining and processing rates, as appropriate, while we continue our exploration drilling as normal. Accordingly, at this time we caution market participants that while we have not withdrawn our guidance for 2021, we expect that the safety protocols may constrain our operations until mid to late September. We will continue to monitor the situation, and should the need arise, we will report back to the market promptly.

Cautionary Statements:
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward- looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Also, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limitedto, those discussed in the Company's 10-Q filed with the SEC.

For further information please contact:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/659605/Gold-Resource-Corporation-Reports-Spike-in-COVID-19-Cases-at-Don-David-Gold-Mine-Reinstitutes-Stricter-Protocols-Regarding-Transportation-Operations-And-the-Frequency-of-Wellness-Checks

Figure 1-

2021 Drill Holes 296A and 297A

Figure 2-

Newly Discovered Sadowski Gold Zone

Figure 3-

Drill Holes at Extension of Surluga Resource

TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report new results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Jubilee Shear Zone and the newly identified Sadowski Gold Zone.

Highlights of the 2021 Drilling Program (Tables 1 and 2, Figure 1)

• Intersection of 4.66 g/t gold over 12.24 metres true width (TW) in the Jubilee Shear Zone, including 24.1 g/t gold over 0.68 metres (TW) and 14.68 g/t gold over 1.94 metres (TW), 440 metres down plunge of the boundary of the Surluga resource (SD-21-297A).

• Discovery of high-grade gold mineralization in SD-21-297A in the newly identified Sadowski Gold Zone with the intersection of 13.95 g/t gold over 4.48 metres core length (CL) including 29.29 g/t gold over 2.02 metres (CL).

• Observation of quartz veins with visible gold in the Jubilee Shear Zone, the Minto Mine Shear Zone and the Sadowski Gold Zone in SD-21-298A (results pending).

“The confirmation of gold mineralization in the Jubilee Shear Zone, indicated across two drill holes (75 metres apart) located 400 meters down plunge of the existing Surluga resource, further validates the Company’s belief that the Jubilee Shear Zone extends to depth and hosts high-grade gold mineralization. The discovery of a previously unknown network of quartz veins intersected in SD-21-296A and SD-21-297A adds credibility that the property continues to benefit from greenfield exploration.

Red Pine now has two active drill rigs on site, concurrently drilling beneath the Surluga deposit to the North and South. The Company plans to test the property’s greenfield targets however promising future drill results in the Jubilee Shear Zone may delay those activities.” – Quentin Yarie, President and CEO.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/263d6ad3-c1d5-4ca9-a724-a829e9fe43f5

Diamond Drilling

As part of its on-going 2021 exploration drilling program, Red Pine is currently testing the northern and southern extensions of the Surluga deposit with one drill rig active at each target.

In holes SD-21-296A and SD-21-297A, the Jubilee Shear Zone was successfully intersected approximately 400 metres away from the current boundary of the Surluga Deposit resource. In holes SD-21-296A and SD-21-297A, the assay results indicate that high-grade gold mineralization also extends in the structure 400 metres down-plunge to the current resource boundary. In hole SD-21-297A, the higher-grade core of the structure is made from the overlapping of multiple styles of mineralization that are variably transposed in the Jubilee Shear Zone tectonic fabrics.

In addition, the assay results from holes SD-21-296A and SD-21-297A identified a new near-surface high-grade zone of mineralization named the Sadowski Gold Zone (Figure 2). The Sadowski Gold Zone is formed by a network of quartz veins variably transposed in superimposed shearing. The geometry of the quartz vein network identified in the Sadowski Gold Zone is comparable to the geometry of the network of high-grade quartz veins forming the Mickelson-Sunrise vein system. The trend of the Michelson-Sunrise vein is located 150 metres north of the Sadowski Gold Zone. The identification of two parallel networks of quartz veins hosting high-grade gold mineralization suggests that additional drilling to the south could potentially discover additional networks of quartz veins.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8775232-3146-4c0e-b5de-82752c8f5a6f

Holes SD-21-297A and confirmed the extension of the Minto vein in the Minto Mine Shear Zone 75 metres down-dip to the current boundary of the Minto Mine South Deposit. Visible gold and native bismuth were observed in the Minto vein in SD-21-298A. In SD-21-297A, the Minto vein did not contain significant gold.

Table 1 – Significant Drilling Intersections from the 2021 Drilling Program

*Results in the Sadowski Gold Zone are presented as core length and are estimated to be between 40% and 80% true width. Additional drilling is necessary to constrain the geometry of that zone of mineralization.

Table 2 – Coordinates of the Reported Holes

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/18ccd2c2-5942-4c41-9350-c5eed74d03a7

On-Site Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, and the Ontario Energy Board. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

¹National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019

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

This News Release contains forward-looking statements. 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.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

How far off is Resolute Mining Limited (ASX:RSG) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today's value. This will be done using the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward.

We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

View our latest analysis for Resolute Mining

Step by step through the calculation

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars:

10-year free cash flow (FCF) estimate

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$292m

After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (1.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.9%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = US$14m× (1 + 1.9%) ÷ (8.9%– 1.9%) = US$206m

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$206m÷ ( 1 + 8.9%)¹⁰= US$87m

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$379m. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of AU$0.5, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

Important assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Resolute Mining as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.9%, which is based on a levered beta of 1.487. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Moving On:

Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Resolute Mining, we've put together three additional factors you should consider:

1. Risks: To that end, you should be aware of the 1 warning sign we've spotted with Resolute Mining .

2. Future Earnings: How does RSG's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

3. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. Simply Wall St updates its DCF calculation for every Australian stock every day, so if you want to find the intrinsic value of any other stock just search here.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

VANCOUVER, BC, Aug. 11, 2021 /CNW/ – Trading resumes in:

Company: Sego Resources Inc.

TSX-Venture Symbol: SGZ

All Issues: Yes

Resumption (ET): 12:15 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions
“Cision”
Cision

View original content: http://www.newswire.ca/en/releases/archive/August2021/11/c2876.html

VANCOUVER, BC, Aug. 10, 2021 /CNW/ – Karim Mohamedani (the "Acquiror") of 5821 Pioneer Avenue, Burnaby, British Columbia V5H 2X8 has acquired 1,500,000 common shares in the capital of Dynasty Gold Corp. (the "Issuer") of 1613 – 610 Granville Street, Vancouver British Columbia V6C 3T3 on August 6, 2021. The 1,500,000 common shares that are the subject of this report were purchased through the exercise of warrants at a price of $0.10 each for total consideration of $150,000.

The transaction that triggered the requirement to file this report took place on the TSX Venture Exchange.

There are no joint actors.

The 1,500,000 common shares, represent 4.67% of the Issuer's current issued and outstanding Common Shares. Prior to the transaction that is the subject of this report, the Acquiror held 2,693,625 common shares in the capital of the Issuer, representing in aggregate 8.38% of the issued and outstanding common shares of the Issuer and a further 100,000 share purchase warrants to acquire common shares of the Issuer. The Acquiror now exercises control or direction over an aggregate of 4,193,625 common shares of the Issuer, representing 13.04% of the issued and outstanding common shares of the Issuer, and warrants to acquire 100,000 common shares of the Issuer, representing approximately 0.31% of the issued and outstanding shares of the Issuer, on a partially diluted basis.

The Acquiror will evaluate his investment in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer, at the discretion of the Acquiror, as circumstances warrant. As of the date of this report, the Acquiror has no immediate future intention to acquire additional securities of the Issuer or to dispose of securities of the Issuer that he beneficially owns or over which he exercises control or direction.

SOURCE Dynasty Gold Corp.

View original content: http://www.newswire.ca/en/releases/archive/August2021/10/c2316.html

Asset bubbles may now be too big to burst, creating a situation that Central Banks around the world might be unable to control. If it all comes crashing down, we think there’s only one place to be …

Gold.

The precious metal could rise as high as $3,000 to $5,000 per ounce in the next 3-5 years.

That’s according to the same fund manager who predicted the 2016 gold rally.

As cited by Bloomberg, Diego Parrilla, manager of the $250-million Quadriga Igneo fund that called the last gold rally, massive long-term damage has been caused by wildly loose monetary and fiscal policies, and everyone is underestimating the huge risk as central banks unwind stimulus, with assets soaring amid artificially low interest rates.

“Central bank money printing isn’t really solving problems, it’s delaying the problem," Parrilla told Bloomberg. “Gold will benefit purely from being a physical asset that you cannot print."

But the rally may start even sooner …

Goldman Sachs is expecting gold prices to break out of their tight trading range this year, with inflation worries stoking demand. Goldman has a $2,300 price target on gold. That’s a 22% rally from current levels.

That’s what is said to happen when you print money like mad. Stocks and assets rise dramatically … but without any link to true fundamentals.

They may get a painful reality check. And we think gold will emerge as the big winner.

If that all comes crashing down, a junior mining stock like Starr Peak Mining Ltd. (TSX:STE.V; OTC:STRPF), which has recently doubled its drilling program amid a potential gold rush in Quebec after it found indications of gold–and more.

Gold+ … A Basket of Base Metals Make This One Even More Attractive

In this atmosphere, it’s hard to imagine much that is better than gold. But there may be something: It’s a Volcanogenic Massive Sulphide, or VMS, deposit–a basket of precious and base metals–many of which are part of today’s major commodities surge.

Zinc is priced near multiple-year highs, despite Chinese attempts to cool the situation down …

Silver prices are set to rally–again …

Copper prices have been on a run, with record highs, with only a recent China slowdown managing to pump the brakes a bit.

And of course, gold.

Add all of this up and it’s clear why VMS deposits could make a junior mining company even more valuable. They aren’t just wonderfully diverse, but they also give miners long-term production potential.

And they are exactly what the major miners are looking for, but rarely find.

Why? If you take Australia’s Kidd Mine–a famous VMS deposit–and look at those numbers, it becomes clear why these are the number one plays in the discovery path: Since 1966, the Kidd Mine has produced 9 million tons of zinc, over 3.4 million tons of copper, and 12,000 tons of silver.

That’s $27 billion in zinc at today’s prices, $32 billion in copper and $6.6 billion in silver.

Source: Mining.com

So, not only is Quebec one of the most promising venues in the world for potential VMS deposits (not to mention gold, alone) …

But Starr Peak (TSX:STE.V; OTC:STRPF) has discovered an indication of just that. And the company reports it only took two 2 drills to find it.

Maiden Drills Surprised Investors

Starr Peak is an early stage exploration play. Some investors were fairly confident going into this one because they had been watching Amex Exploration, which made a high-grade gold discovery in 2019, right next to the past-producing Normetal Mine.

Now, the Normetal Mine has historically produced ~10.1 million tonnes of 2.15% copper, 5.12% zinc, 0.549g/t of gold and 45.25 g/t of silver.

So, when Starr Peak stepped in and acquired the land adjacent to Amex’s … and then bought the Normetal Mine itself (along with a string of other acquisitions), it started to attract attention–not the least from some Amex founders and shareholders themselves, who may have jumped on board for a hoped-for repeat success.

Starr Peak started drilling in January this year at its NewMetal property.

In March, it released its first results, showing large intervals of high-grade sulfide mineralization.

In May, they raised the stakes significantly, with drilling results indicating a potential VMS deposit, with rock containing multiple base metals, including zinc, copper, silver, and gold.

Then, in July, the best, highest-grade results yet, intersecting mineralization in every single hole:

• Upper Zone (above 400m vertically)

o STE-21-09: 8.30 m of 10.09 % ZnEq including 2.70 m of 24.44 % ZnEq

o STE-21-17: 11.00 m of 9.01 % ZnEq including 3.00 m of 16.56 % ZnEq

o STE-21-27: 20.55 m of 7.04 % ZnEq including 5.10 m of 11.09 % ZnEq

o STE-21-29: 15.55 m of 9.94 % ZnEq including 10.10 m of 13.16 % ZnEq

• Deep Zone (below 400m vertically)

o STE-21-14: 6.65 m of 18.07 % ZnEq which includes 1.05% Cu

o STE-21-21: 8.70 m of 8.82 % ZnEq including 2.15 m of 13.38 % ZnEq

And Now, Starr Peak Is Doubling DownAfter intersecting high-grade gold, silver, copper, and zinc on its first two drills at the past-producing mine it acquired earlier this year, the company looks to be fast-tracking expansion.

In May, it expanded drilling from 5,000 meters to 20,000 meters. In late July, when it announced its highest-grade result to date, Starr Peak said it would double drilling, to 40,000 meters.

When a company expands its drilling campaign to this effect, it tells us a lot about their level of confidence; and in this case, the VMS indications so far may be reason enough.

VMS deposits occur along tectonic plate boundaries, and finding one of these deposits puts Starr Peak in a position to become rich in metals that will continue to increase in value over time.

The most promising fact that comes from all of this is that as of July 2021, Starr Peaks has a 98% hit rate on its drill targets.

Recap: Results, Results, Results

Starr Peak (TSX:STE.V; OTC:STRPF) has proved to be clever with its decision to purchase the land adjacent to where Amex Exploration made their huge discovery. So far they have made some promising findings and based on their investments and efforts, they are quite confident with what they hope to continue to find. Starr Peak could prove to be a rather exciting opportunity, just based on the return that early Amex Exploration shareholders saw–without a VMS deposit.

• Starr Peak now has over 2,800 hectares of highly prospective gold property, including a past-producing mine

• It’s operating at a 98% hit rate for its drilling and has landed on high-grade indications of a potential VMS deposit, which position it to be very attractive to major miners combing wildly untapped Quebec for a juicy basket of metals

• It’s just added significantly to its drilling for a second time from 40,000 meters to 60,000 meters based on its positive results so far, and it’s fully funded to keep drilling (with CAD$7.5 million in the bank as of July 22^nd, 2021)

• Amex earned early-in shareholders tons of returns, Starr Peak is setting themselves up for a potential repeat–or better.

This is an early-stage exploration play, but so far, it’s looking like one of the most exciting gold+ narratives we’ve seen in a very long time. It’s high-risk, high-reward, but with each drill hole, Starr Peak is further de-risking at a relatively fast pace.

Gold Majors Are Making Big Moves

AngloGold Ashanti (NYSE:AU) a South African mining company, is responsible for some of the most important discoveries in modern gold mining. They were one of the first companies to use laser technology to find gold deposits and create new mines. This innovative process helped them revolutionize the world's metals market with their laser-assisted exploration systems that can detect and map mineral reserves at depths up to 5 kilometers below ground level.

AngloGold is one of the most diverse and exciting miners on the planet, shielding itself from country-specific regulatory troubles or civil strife. It has operations on four continents including Africa, Australia, South America and North America. And though it has had some problems over the past decade, specifically in the early 2010s when the gold market took a major hit forcing many miners, including AngloGold to shutter operations, the mining giant has persevered.

Sociedad Química y Minera de Chile (NYSE:SQM) is a Chilean company that has been in operation for over 100 years and operates the most profitable commercial mine in the country. SQM produces more than 55 minerals, including lithium, iodine, potassium nitrate and copper. The company's headquarters are located on Avenida Kennedy, Santiago which was once an industrial area of the city with as many of 300 factories built there during its heyday between 1880 to 1930s.

Sociedad Química y Minera,signed in December a long-term supply deal with LG Energy Solution, which in turn supplies batteries to carmakers such as Tesla and GM. Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029. Sociedad Química y Minera sees the lithium industry growing at around 20 percent per year in the long term, supported by rising EV sales and emission reduction goals from China to the United States. And SQM doesn’t just produce lithium, either, making it well positioned in the resource boom.

Freeport-McMoRan’s (NYSE:FCX) roots date back to 1871, when it was founded as the Arizona Mining Company. In 1928, after experiencing a number of name changes and acquisitions, the company became Freeport-McMoRan Inc. While it’s primarily known for its copper production, it also produces gold. In fact, its Grasberg mine in Indonesia holds of the world's largest deposits of copper and gold. But that’s just scratching the surface of the miner’s global assets. Freeport-McMoRan also has extensive operations across the Americas, including mines in Arizona, Mexico and Peru.

The miner has long been recognized as a leader in safety practices and environmental stewardship with its sustainable development initiatives. The company is also committed to protecting human rights within their supply chain through an aggressive anti-corruption policy that includes detailed reporting on progress made towards these goals.

Kinross Gold Corp. (NYSE:KGC, TSX:K) is a Canadian-based gold mining company with operations in Africa, North America and Russia. They are one of the largest gold producers in the world and have been publicly traded on both the Toronto Stock Exchange (TSX) and American Stock Exchange (AMEX) since 2003. Their headquarters are located in Toronto, Ontario, Canada but they maintain offices all over the world including Johannesburg, South Africa; Denver, Colorado; Moscow, Russia; Kinshasa Democratic Republic of Congo; Lima Peru as well as Vancouver British Columbia Canada.

Similar to AngloGold and many of its other peers, Kinross has been enjoying dramatic improvements in profit margins and cash flow thanks to the surge in gold prices–and this trend appears set to continue with the gold outlook remaining decidedly bullish. With all factors remaining constant, Kinross should be able to realize high single-digit EPS expansion in the current year.

Kirkland Lake Gold (NYSE:KL, TSX:KL) is a Canadian gold mining company that has been in operation for over fifty years. They are one of the world's largest producers of gold, with their mines located throughout Canada. The company focuses on using sustainable practices to ensure they are leaving behind an environment that can be enjoyed by generations to come.

Recently, Kirkland and Newmont signed a $75 million exploration deal that could wind up being a game-changer for the industry. The two companies have agreed to split the cost 50/50 over five years with each company investing $15 million every year into joint projects between both companies for exploration purposes only – at this point it seems like a win. According to a joint press release in late 2020, “Newmont has acquired an option from Kirkland on the mining and mineral rights subject to a royalty payable by Newmont to Royal Gold, Inc. (the Holt Royalty) in exchange for a $75 million payment to Kirkland Lake Gold. Newmont can exercise the Option only in the event Kirkland intends to restart operations at the Holt Mine and process material subject to the Holt Royalty”

Barrick Gold (NYSE:GOLD, TSX:ABX) is a mining, exploration and production company. It has operations in Canada, the US and South America with mines in North America (Nevada), Chile and Argentina. Barrick also operates an open-pit mine at Pascua Lama on the border of Chile and Argentina. The Company's growth strategy includes expanding its Carlin Trend gold deposit in Nevada through selective acquisitions of key properties to provide meaningful leverage to rising gold prices as well as increased exploration for new deposits both within existing assets such as Porcupine District, Yukon Territory; San Dimas District, Sonora State, Mexico; Cortez Gold Project Colorado; El Peñón Mine Complex Santa Cruz Province Argentina) or outside them (Porco project).

Barrick is a top-tier gold miner with a global footprint. The Toronto-based gold giant operates in 13 countries, including Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. Though Newmont surpassed Barrick as the largest gold miner when it acquired Goldcorp, Barrick is still a force to be reckoned with.

Following its acquisition of Goldcorp, Newmont (NYSE:NEM, TSX:NGT) has now become one of the world's largest gold producers. It is clear that this company knows how to produce and market gold on a large scale. The company also owns several mining operations in North America, Australia, and Asia Pacific regions. They have developed many different methods for extracting gold from mines all over the world including open pit mining techniques as well as underground extraction techniques.

In addition to producing and marketing their own mined resources, Newmont Goldcorp offers consulting services where they provide guidance on exploration projects around the globe. This company is an industry leader in exploration both domestically and abroad with offices located in 12 countries across 5 continents! Newmont works with their suppliers to find the best way to extract these materials from various sources including hard rock mines (rocks), soft rock mines (sedimentary rocks) or surface deposits of minerals like salt lakes or sand-based beaches.

Yamana Gold (NYSE:AUY, TSX:YRI), is a well-known gold mining company, with operations in Brazil and Argentina. The company has been producing gold for over 50 years and operates two mines: the Canadian Malartic mine in Canada and the Minera Florida mine in Chile. It also owns three other properties: Agua Rica, Tapada do Norte, and Caiena. One of Yamana's most notable mines is Chapada mine in Brazil which has been operational since 2011.

Earlier this year, Yamana signed a deal with industry giants Glencore and Goldcorp to develop and operate another Argentinian project, the Agua Rica. Initial analysis suggests the potential for a mine life in excess of 25 years at average annual production of approximately 236,000 tonnes (520 million pounds) of copper-equivalent metal, including the contributions of gold, molybdenum, and silver, for the first 10 years of operation.

Harmony Gold (NYSE:HMY) is a gold mining company that was founded in 1924. It has been listed on the Johannesburg Stock Exchange since 1928 and it incorporated in 1956. The company's headquarters are located in Johannesburg, South Africa. Harmony Gold operates mines in Australia, Ghana, Papua New Guinea and Tanzania as well as exploration properties across Africa including Namibia, Congo-Kinshasa and Mali.

Harmony is another South African miner which has exploded onto the radars of investors. In 2020, Harmony raised a whopping $200 million to partially fund a key acquisition of AngloGold’s assets in its home country. The deal is expected to more-than-triple its gold production to as much as 1.8 million ounces per year.

First Majestic Silver (NYSE:AG, TSX:FR) is an exploration and development company with operations in Mexico. First Majestic Silver has been developing the San Jose mine for over 20 years, and it is now one of the world's largest silver producing mines. With a team of experienced geologists, engineers, metallurgists, miners and other professionals, First Majestic Silver strives to develop high-quality resources that maximize shareholder value.

First Majestic Silver's goal is to provide shareholders with a secure investment in precious metals while maximizing profitability for each project. They are committed to enhancing economic growth by creating jobs through sustainable mining practices which will contribute positively to their local communities as well as society at large.

While its primary focus remains on silver mining, it does hold a number of gold assets, as well. Additionally, silver tends to follow gold’s lead when wider markets begin to look shaky. And with analysts sounding the alarms of a global economic slowdown, both metals are likely to regain popularity among investors.

Wheaton Precious Metals Corp. (NYSE:WPM, TSX:WPM) is a leading global precious metals mining company with extensive experience in exploration, development and production activities on six continents. The Company produces silver, gold and other related minerals from various mines in North America, South America and Africa. As one of the largest ‘streaming’ companies on the planet, Wheaton has agreements with 19 operating mines and 9 projects still in development. Its unique business model allows it to leverage price increases in the precious metals sector, as well as provide a quality dividend yield for its investors.

Recently, Wheaton sealed a deal with Hudbay Minerals Inc. relating to its Rosemont project. For an initial payment of $230 million, Wheaton is entitled to 100 percent of payable gold and silver at a price of $450 per ounce and $3.90 per ounce respectively.

Randy Smallwood, Wheaton's President and Chief Executive Officer explained, "With their most recent successful construction of the Constancia mine in Peru, the Hudbay team has proven themselves to be strong and responsible mine developers, and we are excited about the same team moving this project into production. Rosemont is an ideal fit for Wheaton's portfolio of high-quality assets, and when it is in production, should add well over fifty thousand gold equivalent ounces to our already growing production profile."

By. Charles Kennedy for Oilprice.com

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Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that prices for gold, silver, copper, zinc and other base metals will retain their value in future as currently expected, or could continue to increase due to global demand and political reasons; that Starr Peak can fulfill all its obligations to acquire its Quebec properties; that Starr Peak’s property can continue to achieve drilling and mining success for gold and other metals; that historical geological information and estimations will prove to be accurate or at least very indicative; that high-grade targets exist; that Starr Peak will be able to carry out its business plans, including future exploration and drilling programs; that the preliminary drilling results will be confirmed as further exploration continues; that the lab results from Starr Peak’s initial exploration program will confirm evidence of a significant VMS deposit; that Starr Peak’s exploration results will gain the attention and interest of larger mining companies and investors; that Starr Peak’s exploration results will continue to show promising results justifying ongoing exploration and possible development efforts. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that politics don’t have nearly the strong effect on gold and other base metal prices as expected; that demand for base metals may not continue to increase; that the Company may not complete all its announced mineral property purchases for various reasons; that the Company may not be able to finance its intended drilling and exploration programs; Starr Peak may not raise sufficient funds to carry out its business plans; that geological interpretations and technological results based on current data may change with more detailed information or testing; that the lab results from Starr Peak’s initial exploration program may not support evidence of a significant VMS deposit; that the preliminary drilling results may not be confirmed during further exploration efforts; that Starr Peak will fail to gain the attention and interest of other mining companies and investors; that Starr Peak’s exploration results may fail to find additional promising results justifying ongoing exploration and/or development efforts; and despite promising results from drilling and exploration, there may be no commercially viable minerals or ore on Starr Peak’s property. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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ENDEAVOUR ANNOUNCES PUBLICATION OF CIRCULAR AND NOTICE OF EXTRAORDINARY GENERAL MEETING

London, 11 August 2021 – Endeavour Mining plc (LSE: EDV, TSX: EDV) (“the Company” or “Endeavour”) has today published a circular to shareholders (the “Circular”) containing a notice of an extraordinary general meeting of the Company to be held at 2:00 pm BST / 9:00 am ET on 9 September 2021 (the “Meeting”).

The purpose of the Meeting is to seek shareholder approval for a reduction of capital to create distributable reserves which may be used to support the payment of dividends and any potential share repurchases by the Company over the longer term. The Company proposes to execute the reduction of capital through the capitalisation of a merger reserve rather than through the cancellation of a share premium account, as previously described in the prospectus dated 9 June 2021. The Company will also seek shareholder approval at the Meeting for the issue of a special class of shares in Endeavour Gold Corporation on the vesting of its long-term awards. Further information on these proposals is set out in the Circular.

A copy of the Circular is available at www.endeavourmining.com. Shareholders of the Company are encouraged to read the Circular in full. Shareholders should expect to receive the various meeting materials and forms of proxy by post on or after 13 August 2021. Proxy forms for the Meeting must be submitted no later than 2:00 pm BST/ 9:00 am ET on 7 September 2021. The Meeting will be held in a hybrid format conducted for those attending via the electronic platform as a live audio-only webcast. Shareholders can participate and vote online during the Meeting by following the instructions set out in the Circular. Further information, including how to vote at or appoint a proxy in respect of the Meeting, is set out in the Circular.

In accordance with UK Listing Rule 9.6.1, a copy of the Circular has been submitted to the Financial Conduct Authority (FCA) and will shortly be available for inspection via the National Storage Mechanism.

CONTACT INFORMATION

ABOUT ENDEAVOUR MINING PLC

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding Endeavour’s expectations regarding the benefits of a premium listing in the UK with shares traded on the LSE including deeper access to a diverse investor pool with strong understanding of its key operating jurisdictions across West Africa and increased demand for its shares on the assumption that it will qualify for inclusion in the FTSE UK Index Series as well as the MSCI Europe Index, Endeavour’s ability to create sustainable shareholder value over the long term the anticipated timing for the payment of a shareholder dividend and statements with respect to future dividends payable to the Company’s shareholders the potential for continued or future dividends.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Endeavour. This forward-looking information may be affected by risks and uncertainties in the business of Endeavour and market conditions, including but not limited to: risks related to the successful integration of acquisitions or completion of divestitures; risks related to international operations; risks related to general economic conditions and the impact of credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; Endeavour’s financial results, cash flows and future prospects being consistent with Endeavour expectations in amounts sufficient to permit sustained dividend payments; the completion of studies on the timelines currently expected, and the results of those studies being consistent with Endeavour’s current expectations; actual results of current exploration activities; production and cost of sales forecasts for Endeavour meeting expectations; unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates; increases in market prices of mining consumables; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; extreme weather events, natural disasters, supply disruptions, power disruptions, accidents, pit wall slides, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities; changes in national and local government legislation, regulation of mining operations, tax rules and regulations and changes in the administration of laws, policies and practices in the jurisdictions in which Endeavour operates; disputes, litigation, regulatory proceedings and audits; adverse political and economic developments in countries in which Endeavour operates, including but not limited to acts of war, terrorism, sabotage, civil disturbances, non-renewal of key licenses by government authorities, or the expropriation or nationalization of any of Endeavour’s property; risks associated with illegal and artisanal mining; environmental hazards; and risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic.

This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in the prospectus published by Endeavour on 9 June 2021 and in filings made by Endeavour with the Canadian securities regulators, including Endeavour’s annual information form for the financial year ended December 31, 2020 and financial statements and related MD&A for the financial year ended December 31, 2020 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Endeavour has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Endeavour does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

Attachment

• 210811 – NR – Publication of Circular Announcement_vF