• The second drill hole, GD21-002 (planned 350 meters in length, 050°/-55°) intersected 23 meters* of quartz-sulphide veining and breccia, enveloping 5.6 meters* and 0.7 meters* of intense quartz-sulphide vein breccias (link to images).

• The upper 5.6 meters* vein breccia contains >80% quartz, pyrrhotite (magnetic iron sulphide), sphalerite (zinc sulphide), galena (lead sulphide), chalcopyrite (copper sulphide) and bornite (enriched copper sulphide) and is very similar in appearance to the upper vein intercept of GD21-002 (link to images).

• The second 0.7 meters* vein breccia essentially consists of white quartz with abundant dendritic black material, possibly native silver, based on Goliath’s Portable XRF spot counts** returned over 5,000 g/t Ag (link to images).

• The upper intercept of quartz-sulphide veining in GD21-002 is located approximately 25 meters north of the GD21-001 intersection and some 35 meters below surface of the southernmost Cliff Showing, where a 2019, angular fresh float grab sample returned 967.99 g/t Gold Equivalent or AuEq (29.72 oz/t Gold, 97.19 oz/t Silver) (link to image). The occurrence remains open in all directions.

• GD21-002 will also target an inferred second splay ~200 m to the east, from which 2019 and 2020 grab samples returned up to 115.86 g/t AuEq.

• The quartz-sulphide intercept in GD21-002 is located 85 meters along strike to the south of the Lower Waterfall Showing, where a 2020 channel sampling yielded 13.05 g/t AuEq over 15.1 meters. GD21-001 is 110 meters south of the Lower Waterfall Showing.

• Drill core from both GD21-001 and GD21-002 were sent to the ALS laboratory facility in North Vancouver for assaying.

• A third hole (GD21-003) from the same drill pad as GD21-001 and -002, will be drilled to the southwest to a depth of 150 meters to constrain the geometry (true width and orientation) of the quartz-sulphide veining at the Cliff Showing midway between both previous drill holes approx. 30 meters down-dip, and also to collect a bulk sample for metallurgical work.

• Additional fan drilling is also planned for the adjacent Lower and Upper Waterfall, Main, Central and North Rubble Showings of the Surebet Zone.

• Up to 5000 meters of drilling are planned and will target the extensive high 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; it only indicates the presence of Silver in the drill core. Assay results are pending.

TORONTO, July 19, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a significant quartz-sulphides intercept from the second drill hole, GD21-002, on the Company’s 2021 maiden diamond drill campaign at its 100% controlled Golddigger Property (the “Property”). The 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 500 meters at the Surebet Zone (“Surebet” or the “Project”). Currently the Surebet zone averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on 2020 channel sampling. Surebet also has 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The Project is in a mining friendly jurisdiction in a world class geological setting near Stewart B.C. in the Golden Triangle. Both the Homestake Ridge Deposit (Fury Gold Mines) and Dolly Varden Silver Mine (Dolly Varden Silver Corp.) are in close proximity.

Dr. Quinton Hennigh, technical advisor to Goliath commented: “This second hole confirms observations from the first hole. The Surebet Zone appears to display significant width, comprised of intense quartz-sulphide vein breccias and stockwork. We are starting the drill program near the southern end of exposure. Further to the south, it remains open but is covered by talus. Once done with the third hole from this pad, we will move systematically northward to fan drill the zone along nearly 1 km strike. This will provide a definitive picture of the continuity and consistency of this robust zone. We then plan to test the zone down dip for further confirmation. We look forward to watching how this exciting new discovery develops.”

“We are extremely thrilled that our 2021 maiden drill campaign continues to be producing outstanding intersections of highly mineralized drill core”, stated Roger Rosmus, Founder & CEO, “The Cliff Showing is currently being drilled, and we believe this may be the origin of a fresh angular float sample recovered in 2019 that assayed 967.99 g/t AuEq or 29.72 ounces per tonne Gold and 97.19 ounces per tonne Silver”.

GD21-002 (planned 350 meters, 050°/-55°) is being drilled at the Cliff Showing and on the same drill pad as GD21-001, but with a northeast orientation. GD21-002 targeted 90° counter-clockwise of GD21-001 to maximize the intersected span on the quartz-sulphide intervals (approx. 30 meters). The hole was also planned to drill north of two 2018-2019 grab samples (9.03 & 115.86 g/t AuEq) with semi-massive galena associated with a 10 cm wide easternmost splay (NNW-trending inferred) at a depth of app. 350 meters in downhole length.

Veins of the common sulphide assemblage are present from 29.0 to 52.0 meters* for a total of 23.0 meters, enveloping intense quartz-sulphide vein breccias from 31.4 to 37.0 meters* and 40.0 to 40.7 meters*:

• The upper vein breccia, from 31.4 to 37.0 meters*, contains >80% quartz, pyrrhotite (magnetic iron sulphide), sphalerite (zinc sulphide), galena (lead sulphide), chalcopyrite (copper sulphide) and bornite (enriched copper sulphide), very similar in appearance to upper vein intercept of GD21-001;

• The second vein breccia, from 40.0 to 40.7 meters* consists predominantly of white quartz with abundant dendritic black material, which based on Goliath’s Portable XRF* spot counts returning over 5,000 g/t Ag, which may be ?native silver?

• Link to images (Click Here).

Both GD21-001 and GD21-002 undercut an area approximately 35 meters below surface of the southernmost Cliff Showing; GD21-002 intersected mineralization approximately 25 meters north of the former. The Cliff Showing previously yielded a fresh angular float sample assaying 967.99 g/t AuEq (29.72 oz/t Gold, 97.19 oz/t Silver), and is located 90 meters along strike to the south of the Lower Waterfall Showing of 13.05 g/t AuEq over 15.1 meters (true width).

Previous drill hole GD21-001 (138 meters in length, 140°/-70°) cut 57.5 meters* of quartz-sulphide veins bound by two distinct and significant multi-meter quartz-sulphides stockwork breccias. The 3.4 meters* upper vein contained visually identified 10% centimeter-scale banded, clustered and disseminated sulphides, including (in decreasing order) iron sulphides as pyrrhotite, zinc sulphides as sphalerite, lead sulphides as galena and copper sulphides as chalcopyrite; followed by 8.9 meters* of strong 40-50% vein stockwork of similar composition as the upper vein. The 11.4 meters* lower vein showed similar brecciation and sulphide assemblages as the upper vein. The host sediments contained 1 to 2% disseminated and stringer pyrrhotite with local enrichments of up to 5% (link to images).

The third hole on the Surebet Zone, GD21-003 (targeted length of 150 meters, 220°/-70°), is being drilled to the southwest from the same drill pad as the first two holes in order to constrain the geometry (true width and orientation) of the quartz-sulphides veining at the Cliff Showing midway between the two previous drill holes and approximately 15 meters down-dip, and also to collect a bulk sample for metallurgical work.

Goliath has planned for up to 5,000 meters of fan drilling from multiple drill pads to target the extensive gold-bearing quartz-sulphide veining at Surebet both along strike and to depth from surface exposures at the Lower Waterfall, Waterfall, Main, Central and North Rubble Showings. Surface sampling has outlined 1,000 meters of strike length, 500 meters of vertical relief and 1,000 meters of inferred down-dip extent. The drilling will focus on testing the continuity at depth of the high-grade gold-silver mineralization zone exposed at surface averaging 9.84 meters wide at 10.68 g/t AuEq (with 7.59 g/t gold) which remains open (see Company news release dated November 25, 2020).

* 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; it only indicates the presence of Silver in the drill core. 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 metres 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^TM.

Drill holes were planned using Leapfrog Geo^TM and QGIS^TM 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 – 1.5 metres. 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, crushed, and pulverized before analysis using the ME-ICP41, Ag-AA61 and Au-ICP22 methods. Overlimits are re-analyzed using the ME-OG-46, Ag-GRA, Ag-AA62 and Au-GRA22 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 located in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, BC.

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

At Surebet, multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1,000 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 (1,000 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 2km 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.

– Infinite Ore to Refocus on Jackpot Lithium Project –

VANCOUVER, BC / ACCESSWIRE / July 19, 2021 / Infinite Ore Corp. (the "Company" or "Infinite") (TSXV:ILI)(OTCQB:ARXRF) announced today that it has entered into a non-binding Letter of Intent ("LOI") with Trillium Gold Mines Inc. (TSXV:TGM) ("Trillium") whereby Trillium will acquire, subject to certain terms and conditions, all of Infinite's property holdings known as the Eastern Vision Project located in the Confederation Lake assemblage of the Birch-Uchi greenstone belt near Red Lake, Ontario (the "Proposed Transaction").

Under the Proposed Transaction upon signing of a definitive agreement Trillium would issue 4,000,000 common shares of Trillium and pay $175,000 in cash to Infinite. In addition, Trillium would assume all of Infinite's cash payment commitments under its existing option agreements. Infinite would retain its share issuance obligations. The Eastern Vision project covers 19,438 hectares between the Fredart, Garnet Lake, Confederation North, and Confederation South properties.

J.C. St-Amour, President of Infinite Ore, commented, "The Proposed Transaction will give Infinite exposure to a larger consolidated land package extending greater than 100 km in length in the Red Lake area as well as allow us to focus our exploration efforts on our 100% owned Jackpot Lithium project, located near Thunder Bay, Ontario. This project is proximal to Rock Tech Lithium's Georgia Lake lithium project. Rock Tech's intention to build a lithium processing facility in the area considerably changes the dynamics of the Jackpot project. That, coupled with the renewed market interest and growing demand for lithium, has compelled us to redouble our exploration on Jackpot. Keeping our capital structure in mind, today's proposed transaction would allow us to explore the potential of Jackpot without further shareholder dilution and still enable us to participate in the upside of Trillium's work in the Red Lake Mining District."

The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is situated approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing pegmatite showings, including two that contain historical resources of 2 million tons at 1.09% Li₂O and 750,000 tons at 1.38% Li₂O*. The Company recently completed a magnetic survey on Jackpot to identify structures on the property that would assist in locating high priority lithium targets for future drilling to add to the existing historical resources.

Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

*The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

About Infinite Ore Corp.
Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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.

FORWARD LOOKING STATEMENTS: 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. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. 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. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Infinite Ore Corp.

View source version on accesswire.com:
https://www.accesswire.com/655997/Infinite-Ore-Signs-Loi-With-Trillium-Gold-to-Sell-Interest-in-Eastern-Vision-Project-in-Red-Lake

Figure 1

2021 Drill Holes Completed

TORONTO, July 19, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report on drill progress at the Wawa Gold Project, including the discovery of new mineralized zones, extension of the Minto Mine South deposit and additional evidence of the continuity of the Surluga resource down plunge.

Highlights of the 2021 drilling program (Tables 1 and 2, Figure 1)

• Discovery of a new mineralized structure near the Surluga Mine Shaft containing 3.31 g/t gold over 4.91 metres including 14.70 g/t gold over 1 metre.

• Discovery of a shear zone with networks of mineralized veins above the Surluga Deposit containing 3.99 g/t gold over 4.00 metres including 12.80 g/t gold over 1.00 metre.

• Discovery of a down-dip extension of the Minto Mine South vein in SD-21-297A 75 metres down-dip of its last know location (assays are pending).

• Successful intersection of the Jubilee Shear Zone in SD-21-296A and SD-21-297A showing the continuity of the structure 440 metres away from the current boundary of the resource (assays are pending).

“Following the consolidation of the Wawa Gold Project by Red Pine just over three months ago, the Company entered into an extremely competitive marketplace for drill contractors. These conditions have resulted in a longer ramp-up in drilling productivity than originally planned; however, we are pleased with the changes made by our drilling contractor to achieve expected drilling standards.

Red Pine commenced the 2021 exploration program with one drill, and we are pleased to announce that we now have three drills on site with two operating and the third awaiting confirmation of a drill crew. The Company aims to catch up on its drilling plans and be in a position to accelerate the program through 2021. These additional drills should result in a consistent flow of drilling results both from the main deposits at Surluga and Minto Mine South, and from the high priority new target areas at Darwin Grace and the Hornblende Shear once we commence the respective drilling.

The exploration team also progressed surface exploration activities on and adjacent to the recently acquired War Eagle claims, as well as on the southern extension of the Grace Shear Zone. Assays remain pending from these activities.” – Quentin Yarie, President and CEO.

Figure 1- 2021 Drill Holes Completed
https://www.globenewswire.com/NewsRoom/AttachmentNg/10049c81-3163-41cc-ae4a-40be26d80b07

Diamond Drilling

As part of its on-going 2021 exploration drilling program, Red Pine has completed four drill holes, two of which were abandoned at shallow surface on account of too much deviation at the collar of the holes, which would have resulted in the drill holes missing their intended targets in the Jubilee Shear Zone. Two of the completed holes were testing an under-explored area of the Jubilee Stock between the Hornblende and Jubilee Shear Zone near the Surluga mine shaft. The other two drill holes were testing the down-dip extensions of the Minto Mine South and Surluga deposits. Assays remain pending for the lower part of SD-21-296A and for the entirety of SD-21-297A.

Exploratory drilling below the Surluga deposit, near the shaft and workings of the historic Surluga Mine resulted in the discovery of new zones of mineralization between the Jubilee and the Hornblende shear zones of variable width and grade content. The geometry and continuity of these zones are not constrained. Drilling in the southern extension of the Surluga deposit led to the discovery of the potential down-dip extension of the Minto E Shear Zone in which Red Pine obtained significant drilling results in 2017 that included 31.20 g/t gold over 1.02 metres in SD-17-99. Additional drilling will however be necessary to confirm the association between the zone discovered in SD-21-296A and the Minto E Shear Zone.

The Jubilee Shear Zone was successfully intersected in both holes SD-21-296A and 297A, confirming the extension of the structure 440 metres away from the current boundary of the Surluga Deposit resource. Hole SD-21-297A also discovered the extension of the Minto Mine South vein 75 metres down-dip of the current boundaries of the Minto Mine South Deposit resource.

Table 1 – Significant drilling intersections from the 2021 drilling program

Table 2 – Coordinates of the reported holes

Surface Exploration

In parallel to its diamond drilling program, Red Pine conducted a prospecting and surface mapping program on and within the surroundings of the War Eagle claims acquired in April 2021. In addition, Red Pine also prospected the southern extension of the Grace Shear Zone and other showings of the property with limited or little recent exploration work conducted.

Field mapping 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, and 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.

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 and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

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.

It is hard to get excited after looking at Endeavour Mining's (TSE:EDV) recent performance, when its stock has declined 3.2% over the past month. It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Stock prices are usually driven by a company’s financial performance over the long term, and therefore we decided to pay more attention to the company's financial performance. Specifically, we decided to study Endeavour Mining's ROE in this article.

ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

View our latest analysis for Endeavour Mining

How To Calculate Return On Equity?

The formula for return on equity is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Endeavour Mining is:

5.1% = US$225m ÷ US$4.4b (Based on the trailing twelve months to March 2021).

The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.05 in profit.

Why Is ROE Important For Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

A Side By Side comparison of Endeavour Mining's Earnings Growth And 5.1% ROE

On the face of it, Endeavour Mining's ROE is not much to talk about. Next, when compared to the average industry ROE of 16%, the company's ROE leaves us feeling even less enthusiastic. Given the circumstances, the significant decline in net income by 17% seen by Endeavour Mining over the last five years is not surprising. However, there could also be other factors causing the earnings to decline. For instance, the company has a very high payout ratio, or is faced with competitive pressures.

So, as a next step, we compared Endeavour Mining's performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 29% in the same period.

Earnings growth is a huge factor in stock valuation. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. Is EDV fairly valued? This infographic on the company's intrinsic value has everything you need to know.

Is Endeavour Mining Using Its Retained Earnings Effectively?

In spite of a normal three-year median payout ratio of 45% (that is, a retention ratio of 55%), the fact that Endeavour Mining's earnings have shrunk is quite puzzling. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating.

Only recently, Endeavour Mining stated paying a dividend. This likely means that the management might have concluded that its shareholders have a strong preference for dividends. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 21% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 12%, over the same period.

Summary

Overall, we have mixed feelings about Endeavour Mining. Even though it appears to be retaining most of its profits, given the low ROE, investors may not be benefitting from all that reinvestment after all. The low earnings growth suggests our theory correct. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

This article by Simply Wall St is general in nature. 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.

Toronto, Ontario–(Newsfile Corp. – July 15, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces its Annual General Meeting ("AGM") on Thursday, July 29, 2021 will now be held at 3:00 pm EDT at Maritime's Toronto office at 19^th Floor, 110 Yonge Street, Toronto, Ontario.

In response to the public health impact of COVID-19 and variants, and to mitigate risks to the health and safety of its shareholders, employees and local communities, Maritime is urging shareholders not to attend the AGM in person.

Registered shareholders and duly appointed proxy holders may participate in the AGM via a live conference call. Registered shareholders and duly appointed proxy holders who have properly registered prior to the AGM as outlined below will be able to ask questions of management via the conference call at the conclusion of the AGM.

Shareholders should vote on the matters before the AGM by proxy or voting instruction form prior to the proxy cut-off on Tuesday, July 27, 2021 at 3:00 pm EDT.

Joining the AGM

In order to participate in the AGM, registered shareholders and duly appointed proxy holders must register via the following link prior to the proxy cut-off at 3:00 pm EDT on Tuesday, July 27, 2021.

Registration link: https://event.cwebcast.com/ses/vXDojfy5CSfSXUyEDKY_iw~~

After you register, you will be provided with call in details including a Conference ID and your PIN. Please note that phone networks are currently very busy due to the global pandemic, and it is recommended that you attempt to connect at least fifteen minutes prior to the scheduled start time of the AGM.

Registered shareholders and duly appointed proxy holders who regard their physical attendance at the AGM as essential are asked to contact Lorna MacGillivray, Corporate Secretary at 416 304-9093 or lorna@maritimegold.com prior to 3:00 pm EDT on Tuesday, July 27, 2021 so that appropriate measures can be put in place to facilitate physical distancing and other precautions or alternative participation arrangements made to ensure the health and safety of all attendees. Maritime will follow the guidance and orders of Provincial and Federal public health authorities in that regard, including those restricting the size of public gatherings.

AGM Materials

Shareholder materials for the AGM were filed and mailed to shareholders on July 2, 2021, and can be found on Maritime's website via the following link:

https://www.maritimeresourcescorp.com/investors/agm/

About Maritime Resources Corp.

Maritime holds a 100% interest- directly and subject to option agreements entitling it to earn 100% ownership- in the Green Bay Property. This includes the former Hammerdown gold mine and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King's Point, Newfoundland and Labrador. The Hammerdown Gold Project is characterized by near-vertical, narrow mesothermal quartz veins containing gold associated with pyrite. Hammerdown was last operated by Richmont Mines between 2000 and 2004. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada.

On Behalf of the Board:

Garett Macdonald, MBA, P.Eng.
President and CEO

For further information, please contact:

Tania Barreto (Shaw), CPIR
Head of Investor Relations

1900-110 Yonge Street, Toronto, ON M5C 1T4
info@maritimegold.com
www.maritimeresourcescorp.com

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Caution Regarding Forward Looking Statements:

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "intends", "indicates" "plans" and similar expressions. Forward-looking statements include statements concerning the potential to increase mineral resource and mineral reserve estimates, the Company's decision to restart the Project, the Company's plans regarding depth extension of the deposit at Hammerdown, the Company's plans regarding completing additional infill and grade control testing within the PEA mine plan, the Company's plans regarding drilling targets previously identified, the anticipated timing of receiving permits for construction and development of Hammerdown and, and the Company's decision to acquire new mineral property interests and assets, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including market reaction to the coronavirus outbreak; competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision at Hammerdown and executing exploration programs at its Newfoundland and Labrador properties on the Company's proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company's properties; uncertainty as to whether the acquisition of assets and new mineral property interests including the Nugget Pond gold circuit will be completed in the manner currently contemplated by the parties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. 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. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90317

TORONTO, July 15, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") announced that it is inviting shareholders to submit any questions they may have about LAURION and its business strategy, projects and current exploration activities. Any such questions should be directed to management at info@laurion.ca.

In addition to wanting to stay connected with its shareholder base, this invitation is aimed at increasing transparency and knowledge of the Corporation, particularly in light of the fact that, due to technical difficulties beyond its control, LAURION was unable to proceed with a planned Q&A session following its Annual and Special Meeting of Shareholders on July 6, 2021 (the "Meeting").

As announced on July 7, 2021, all of the matters considered by shareholders at the Meeting were approved. For further details regarding these matters, please refer to the Corporation's management information circular dated May 27, 2021, which can be found under LAURION's profile on SEDAR at www.sedar.com.

Exploration Update

The Corporation also announces that the assay results from its current drilling and channel sampling programs are delayed by seven to eight weeks due to sample preparation and assay processing delays at the assay laboratories. Once these results are available, they will be announced as part of the next exploration update regarding LAURION's flagship Ishkoday Project.

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/July2021/15/c4761.html

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, July 14, 2021 (GLOBE NEWSWIRE) — Lupaka Gold Corp. ("Lupaka Gold" or the “Company") (TSX-V: LPK, FRA: LQP) announces that the Company has closed the non-brokered private placement previously announced on June 23, 2021 (the “Placement”).

The Company issued 4,000,000 units at a price of $0.05 per unit for gross proceeds of $200,000. Each unit consists of one common share of the Company (“Share”) and one transferable common share purchase warrant (“Warrant Share”) entitling the holder to purchase an additional common share of the Company at a price of $0.10 for a period of three years from the closing (the “Placement”). All Shares issued and Warrants Shares (if exercised prior to November 15, 2021) are subject to a hold period expiring four months and one day from the closing date of the Placement in accordance with applicable securities laws. Closing of the Placement is subject to final acceptance by the TSX Venture Exchange.

In connection with the subscriptions received the Company expects to pay finders’ fees in the amount of $10,000 in cash. No insiders participated in this Placement.

The proceeds of the Placement will be used to pay ongoing operating costs as the Company continues to pursue its litigation against the Republic of Peru and to support review of potential new properties.

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, or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Gordon Ellis, C.E.O.
gellis@lupakagold.com
Tel: (604) 985-3147

or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com

DENVER, CO / ACCESSWIRE / July 14, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced preliminary second quarter 2021 production results.

Second Quarter 2021 Production Highlights

• 9,685 gold equivalent ounces ("Au eq oz") sold, inclusive of 5,697 gold ounces ("Au oz") and 270,321 silver ounces ("Ag oz"),

• 365 tonnes of payable copper,

• 1,214 tonnes of payable lead, and

• 3,193 tonnes of payable zinc.

Allen Palmiere, President and CEO, said "Gold production in the second quarter was as expected while silver and base metal production remain modestly behind forecast. We continue to address challenging ground conditions with a change in mine sequencing and the use of paste fill. We remain confident in our annual production guidance for gold equivalent ounces and our Total Cash and All-in Sustaining Costs."

Sales Statistics

Production Statistics

(1) Based on actual days the mill operated during the period.

(2) The difference between what we report as "Metal Production" and "Metal Sold" is attributable to the difference between the quantities of metals contained in the concentrates we produce versus the portion of those metals actually paid for according to the terms of our sales contracts. Differences can also arise from inventory changes related to shipping schedules, or variances in ore grades and recoveries which impact the amount of metals contained in concentrates produced and sold.

Second Quarter Conference Call Reminder

As a reminder, the Company will issue a news release providing a summary of its financial and operating results for the second quarter ended June 30, 2021 on Tuesday, July 27, 2021 after the market close, file its 10Q with the financial and operating results for the period ended June 30, 2021 with EDGAR and host a conference call on Wednesday, July 28, 2021 at 11:00 a.m. Eastern Time.

The conference call will be recorded and posted to the Company's website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Kim Perry, Chief Financial Officer and Alberto Reyes, Chief Operating Officer will host a live question and answer (Q&A) session. There are two ways to join the conference call.

To join the conference via webcast, please click on the following link:

https://www.webcaster4.com/Webcast/Page/2361/42039.

To join the call via telephone please use one of the following dial-in details:

Participant Toll Free: 877-545-0320
Participant International: 973-528-0016
Entry Code: 758194

Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

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/655581/Gold-Resource-Corporation-Reports-Q2-2021-Production

In this article, we will take a look at the 10 best African stocks to invest in. You can skip our detailed analysis of these companies, and go directly to the 5 Best African Stocks to Invest In.

Africa, the world's second-largest continent, has become one of the most appealing developing countries in recent years, thanks to its rising GDP and increased economic activity. The African economy is worth over $2.6 trillion, with $6.6 trillion in annual consumer and sector spending. Nigeria ranked first with a GDP of $442.98 billion, followed by Egypt with $361.88 billion and South Africa with $282.59 billion. The country is home to well-known businesses such as MTN Group Limited (OTC: MTN), Naspers Limited (OTC: NPSNY), and Sasol Limited (NYSE: SSL).

Africa's abundant resources made the continent a hotbed of commerce and economic activity. According to an article by consulting firm McKinsey, Africa has enormous growth potential, with industrial output expected to reach $930 billion by 2025.

Africa and The Mining Industry

The stock market in Africa is dominated by mining businesses that allowed the continent to compete against its American counterparts Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), and Freeport-McMoRan, Inc. (NYSE: FCX). Africa is the fastest-growing area for foreign direct investments with over 30% of the global mineral resources. In 2019, Africa's mining exploration budget totaled $1.12 billion. In 2020, due to travel limitations and risk concerns amidst the COVID-19 pandemic, the exploration budget decreased by 10%. However, the region expects stronger metal demand and price increase as a result of the post-pandemic economic upswing due to the easing of the COVID-19 pandemic restrictions and vaccine rollouts.

Africa is home to some of the biggest names in the mining business, such as Sibanye Stillwater Limited (NYSE: SBSW). Sibanye Stillwater Limited is one of the best African stocks to invest in with a share price of $17.31. The company's share price soared 75% in the last twelve months.

The Rise in African Technology

Africa's technology sector is expanding at the same rate as its mining sector allowing the continent to compete with tech-heavy giants Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), and Apple, Inc. (NASDAQ: AAPL). In 2020, Africa reported a total of 643 tech clusters, with Nigeria, Egypt, Kenya, and South Africa hosting the most. According to an article released by Further Africa, Africa's internet economy is expected to be worth $180 billion in 2025, with e-based economic activity accounting for 5.2% of GDP.

Many African startups are relying on digital modernization to handle day-to-day issues such as M-Post. M-Post is a 2016 startup that allows its users to use their mobile phones as an official digital address service that allows more efficient distribution to remote areas. The clean-tech business EcoPost is another African startup that is gaining attention. Since its inception in 2010, the company has recycled over 2.5 million kg of plastic, which it converts into furniture, fence posts, and signposts, preventing it from decomposing or being eaten by termites.

One of the best African stocks to buy now in the tech industry is Naspers Limited (OTC: NPSNY). The company is well known for its technology and capital investing operating in over 130 countries. Shares of Naspers Limited climbed 1% over the last twelve months. The company operates in high-growth business sectors such as e-commerce and media platforms.

Photo by Jacques Nel on Unsplash

The African economy will continue to grow with its huge potential and major hedge funds and institutional investors look towards the region to benefit from the growth potential as they struggle to perform in established markets. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th, 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

In light of this, let’s analyze the best African stocks to invest in. We took into account hedge fund sentiment, analysts’ ratings, future growth catalysts, and fundamentals while choosing these stocks.

Best African Stocks to Invest In

10. Mix Telematics Limited (NYSE: MIXT)

We start our list of the 10 best African stocks to invest in with Mix Telematics Limited (NYSE: MIXT). The South African-based provider of fleet management service as a software solution was founded in 1995 and invented several AI-powered fleet solutions such as the MyMix Tracking. MyMix Tracking is an app that specializes in tracking drivers in real-time to self-correct dangerous driving behavior.

MIXT has a P/E of 22.50. Shares of MIXT jumped 74% over the last twelve months. On May 28, Canaccord Genuity maintained a Buy rating on Mix Telematics Limited's (NYSE: MIXT) and set a price target of $16.

Greystone Capital mentioned Mix Telematics Limited's (NYSE: MIXT) in its Q2 2020 investor letter:

9. DRDGOLD Limited (NYSE: DRD)

Ranking 9th in our list of 10 best African stocks to invest in is DRDGOLD Limited (NYSE: DRD). The South Africa-based gold producer was founded in 1895 and is one of the best African stocks to invest in with a market cap of $938 million. In 2020, South Africa’s Sibanye-Stillwater (NYSE: SBGL) acquired 12% interest in the company where the earnings will be used to support the early stages of phase 2 of the company's tailings retreatment project.

In the same year, the company produced a total of 174,385oz of gold. DRDGOLD Limited (NYSE: DRD) posted a decrease of 6% quarter-on-quarter in gold output to 1,328 kilograms. DRD shares currently have a P/E of 10.24. Shares of DRD jumped 10% over the last three months. On May 6, analysts from HC Wainwright & Co. maintained a Buy rating on DRDGOLD Limited (NYSE: DRD) and raised the price target to $19.25.

Like Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Apple, Inc. (NASDAQ: AAPL), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), and Freeport-McMoRan, Inc. (NYSE: FCX), DRDGOLD Limited (NYSE: DRD) is one of the best stocks to consider for long-term gains.

8. Harmony Gold Mining Company (NYSE: HMY)

Ranking 8th in our list of 10 best African stocks to invest in is Harmony Gold Mining Company (NYSE: HMY). The gold mining company is one of the largest in South Africa with a market cap of $2.46 billion. In 2020, the firm received clearance to purchase AngloGold Ashanti Limited's (JSE: ANG) remaining gold mining assets in South Africa for $300 million.

The mining company was founded in 1950 and operates over nine underground mines and many surface operations in South Africa. HMY shares currently trade for $3.91 and have a P/E of 10.16. The current dividend yield is 1.97%. Shares of Harmony Gold Mining Company (NYSE: HMY) jumped 2% over the last five days.

7. AngloGold Ashanti Limited (NYSE: AU)

AngloGold Ashanti Limited (NYSE: AU) ranks 7th in our list of 10 best African stocks to invest in. AngloGold Ashanti Limited was founded in 2004 and operates as one of the top global gold mining companies with headquarters in South Africa. Earlier this year metal company Sibanye Stillwater Limited (NYSE: SBSW) stated that combining Gold Fields Limited (NYSE: GFI) and AngloGold Ashanti Limited (NYSE: AU) would create one of the top gold mining corporations in the world, capable of dethroning industry leader Newmont Corporation (NYSE: NEM). However, they are still debating on a possible merger, and it is not yet finalized.

AngloGold Ashanti Limited (NYSE: AU) posted basic earnings per share of $203 million or 48 cents per share in the first quarter of 2021. The company's revenue from product sales in the first quarter of 2021 came in at $979 million in the first quarter of 2021, an increase from $905 million in the same period of 2020. Shares of AU jumped 4% over the last five days. On March 8, HSBC analyst Leroy Mnguni upgraded AngloGold Ashanti Limited (NYSE: AU) to a Hold rating from a Reduce rating with a $24 price target.

Like Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Apple, Inc. (NASDAQ: AAPL), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), and Freeport-McMoRan, Inc. (NYSE: FCX), AngloGold Ashanti Limited (NYSE: AU) is one of the best stocks to consider for long-term gains.

6. Gold Fields Limited (NYSE: GFI)

Johannesburg, South Africa-based Gold Fields Limited (NYSE: GFI) ranks 6th in our list of the 10 best African stocks to invest in. Gold Fields Limited operates one of the biggest gold mining firms worldwide. Gold Fields Limited (NYSE: GFI) continues to expand its services to meet the market's growing demand.

The company currently has a market cap of $8.4 billion. In the first quarter of 2021, the company reported a revenue of $1.7 million. Shares of GFI jumped 2% over the last five days. On May 24, RBC Capital maintained a Sector Perform rating on Gold Fields Limited (NYSE: GFI) and raised the price target to $10.75.

Like Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Apple, Inc. (NASDAQ: AAPL), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), and Freeport-McMoRan, Inc. (NYSE: FCX), Gold Fields Limited (NYSE: GFI) is one of the best stocks to consider for long-term gains.

Click to continue reading and see the 5 Best African Stocks to Invest In.

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Disclosure: None. 10 Best African Stocks to Invest In is originally published on Insider Monkey.

ENDEAVOUR TO ANNOUNCE ITS Q2 AND INTERIM 2021 RESULTS ON 4 AUGUST 2021

London, 14 July 2021 – Endeavour Mining plc (LSE: EDV) (TSX:EDV) will release its Q2 and interim 2021 financial results on Wednesday 4 August, before the LSE market open.

Management will host a conference call and webcast on the same day, Wednesday 4 August, at 8:30 am ET / 1:30 pm BST to discuss the Company's financial results.

The conference call and webcast are scheduled at:
5:30am in Vancouver
8:30am in Toronto and New York
1:30pm in London
8:30pm in Hong Kong and Perth

The webcast can be accessed through the following link:
https://edge.media-server.com/mmc/p/j5h3ojje

Analysts and investors are also invited to participate and ask questions using the dial-in numbers below:
International: +44 (0) 2071 928338
North American toll-free: +18778709135
UK toll-free: +44 (0) 8002796619

Confirmation Code: 2858954

The conference call and webcast will be available for playback on Endeavour's website.

Click here to add a Webcast reminder to your Outlook Calendar

CONTACT INFORMATION

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

Attachment

• Endeavour Q2 results notification

Vancouver, British Columbia–(Newsfile Corp. – July 12, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to report that it has commenced the exploration program on the Thundercloud gold property (the "Property") announced on July 5. The Property is in the Archean Manitou-Stormy Lakes Greenstone belt that is 80 kilometers long by 30 kilometers wide, in Western Ontario. Close to 30 million ounces of gold have been discovered in the area in recent years and there are several large-scale mining operations in close proximity to the Property.

Several kilometers of the logging road leading to the Property had been washed-out and are now repaired and restored over the past week by the Company. Equipment and machinery were transported to the Property to begin trenching. A technical team has been mobilized.

The new trenching program focuses on two areas in the West Contact Zone. The first trench site is centered on the Glatz outcrop where previous sampling returned 8.02 g/t over 39 meters. Dynasty confirmed and extended the gold zone with 30 meters of chip sampling from the Glatz outcrop which yielded on average 3 g/t gold. Trenching on this target is to determine the full extent of the mineralization at surface and its trend in order to effectively test the zone.

The second trench site is 400 meters south of the first trench site and it is designed to follow up gold anomalies found in previous soil and rock sampling programs as well as to determine the nature of a property-scale fault that was discovered in past work programs but never tested. The fault terminates the southward trending "Timiskaming-type" sediments on the Property. Similar sediments are known to be spatially associated with large gold deposits elsewhere in the Archean Superior Province including the Timmins, Kirkland Lake, Larder Lake, Malartic and Pickle Lake gold camps.

The new data from trenching and the drone-supported magnetic survey combined with the historical IP, Magnetic and geochemical data should produce new drill targets for the next phase of exploration.

Gold mineralization in the West Contact Zone has an association with the QFP dykes. The mineralized dykes suggest that this mineralization is post felsic volcanic flows and pre late QFP dykes. It is further suggested that this brackets the gold event temporally and spatially to the Thundercloud porphyry.

This press release was reviewed by Andrew Tims, a Qualified Person under the definition of National Instrument 43-101.

About Thundercloud Property

The Thundercloud Property is located in the Archean Manitou-Stormy Lakes Greenstone belt in Western Ontario, 47 kilometers southwest of Dryden. The geological setting is comparable to the Abitibi Greenstone Belt in Eastern Ontario but the Thundercloud Property is much less explored. The Belt contains numerous gold showings, several deposits and high grade historic past producers. Regionally, exploration results indicate excellent potential to define bulk-tonnage orogenic gold mineralization, as close to 30 million ounces of gold have been discovered in recent years in the area, including several large-scale mining operations nearby.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in greenstone belts in Ontario and the Midas gold camp in Nevada. Currently, the 70% owned Hatu Qi2 gold mine in the Tien Shan Gold belt, Xinjiang, China, is in a legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd.

For more information, please visit Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"

_________________________________
Ivy Chong, President & CEO

For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90055

Figure 1

Plan View of the Guayabales Project and the Donut Target

Figure 2

Plan View of the Donut Mine Showing the Grade Ranges for Channel Sampling Assay Results

Figure 3

Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.

Figure 4

Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.

TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to provide an exploration update on its Guayabales Project located in Caldas, Colombia. The project is situated contiguous, immediately along strike and to the northwest of Aris Gold’s Marmato gold mine, which contains proven and probable reserves of 2.0 million ounces gold and 4.35 million ounces silver (19.7 Mt grading 3.2 g/t gold and 6.9 g/t silver). The Company interprets the abundant precious metal mineralization encountered throughout the Guayabales Project to be related to a series of copper-gold porphyry intrusions hosted within the project tenements which could be partially responsible for the mineral endowment of the Marmato gold mine.

Highlights (Table 1 and Figures 1-3)

The Company´s initial channel sampling campaign at the Donut target (“Donut”) within the Guayabales Project has returned high-grade gold and silver assay results from a shallow underground tunnel. Mapping of this tunnel has exposed a gold-copper porphyry stockwork of veinlets with overprinting polymetallic vein systems. Additionally, the mineralized zone outlined by channel sampling results announced herein displays excellent grade continuity with results as follows:

Table 1: Channel Sampling Results*

*The Company’s channel sampling program consists of continuous two metre samples taken along the exposed walls of the underground historical mine workings

Further channel sampling is in progress to cover all areas of the underground workings and the target remains open to the north, north-west, east and at depth. The Company is planning to drill test the Donut target beginning in late August 2021.

“We are off to a very exciting start at the Guayabales project. The robust and continuous high-grade channel sampling results validate our geological model for the property. We look forward to initiating a first-ever drill program at the Donut target,” commented Ari Sussman, Executive Chairman.

Geological Description of the Donut Target

The Donut target is located in the south-east portion of a major north-west trending structural corridor hosting a cluster of mineralized outcropping copper-gold-molybdenum porphyry intrusions. Shallow underground workings have exposed large zones of porphyry veining hosting various copper sulfides including chalcopyrite, chalcocite and lesser bornite associated with occasional molybdenite and abundant pyrite. This zone extends for over one kilometre to the Olympus target where gold-silver (base-metal) vein systems are extensive.

Donut displays a graduation from sericite-chlorite to an inner zone of intense potassic alteration (secondary biotite and lesser magnetite) with abundant porphyry style B-veins noted. This porphyry body is enveloped by a large scale (+1.5 km) and continuous anomalous zone of in-situ and coincidental gold, copper and molybdenum soil anomalism. The veinlet and stockwork system overprint displays a distinct Au-Ag (base metal) association. Historical artisanal mining has targeted both porphyry and vein/stockwork systems.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc. in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock samples have been prepared and analyzed at Actlabs laboratory facilities in Medellin, Colombia and Toronto, Canada. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

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 located 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.

Contact Information

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

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, 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. 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.

Figure 1: Plan View of the Guayabales Project and the Donut Target
https://www.globenewswire.com/NewsRoom/AttachmentNg/a75dfaf1-2892-46b3-bd33-864213324462

Figure 2: Plan View of the Donut Mine Showing the Grade Ranges for Channel Sampling Assay Results
https://www.globenewswire.com/NewsRoom/AttachmentNg/142e7bbf-ac83-443d-b8a9-de053da5cedc

Figure 3: Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.
https://www.globenewswire.com/NewsRoom/AttachmentNg/64d07396-96ed-4f02-90a9-26af9b958033

Figure 4: Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.
https://www.globenewswire.com/NewsRoom/AttachmentNg/a21f4be7-eb7c-415e-a537-72590c064c49

Highlights:

• The inaugural drill hole GD21-001 (138 meters in length, 140°/-70°) at the Surebet Zone intersected 57.5 meters* of quartz-sulphide veins bound by two distinct and significant multi-meter-scale quartz-sulphide stockwork breccia (link to images).

• The 3.4 meters* upper vein contains visually estimated 10% centimeter-scale banded, clustered and disseminated sulphides, including pyrrhotite, sphalerite, galena and chalcopyrite; underlain by 8.9 meters* of strong stockwork breccia formed by 40-50% veining of similar composition to the upper vein (link to image).

• A Portable XRF Silver count of 20+g/t was outlined in a section of the lower vein at 85 meter downhole depth along thin fractures containing a dendritic metallic mineral (link to image).

• The 11.4 meters* lower vein shows similar brecciation and sulphide assemblages as the upper vein (link to image).

• GD21-001 undercut an area approximately 30 meters below surface of the southernmost Cliff Showing of the Surebet Zone, which in 2019 yielded an angular fresh float grab sample assaying 967.99 g/t Gold Equivalent or AuEq (29.72 oz/t Gold, 97.19 oz/t Silver) that remains open in all directions (link to image).

• GD21-001 is located 90 meters along strike to the south of the Lower Waterfall Showing of 13.05 g/t AuEq over 15.1 meters (true width).

• A second hole, GD21-002, currently being drilled to the northeast from the same pad, has intercepted the same quartz-sulphide mineralization structure at 33 meters approximately 30 meters north of GD21-001 and currently still in mineralization (link to image).

• Additional fan drilling is also planned for the adjacent Lower Waterfall, Waterfall, Main, Central and North Rubble Showings of the Surebet Zone.

• Up to 5000 meters of drilling are planned and will target the extensive high grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth.

* 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.

TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report initial observations from its 2021 maiden diamond drill campaign at its 100% controlled Golddigger Property (the “Property”). The 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 500 meters at the Surebet Zone (“Surebet”). Currently the Surebet zone averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au). Surebet also has 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The project is located in a mining friendly jurisdiction in a world class geological setting near Stewart, BC in the Golden Triangle of British Columbia. Both the Homestake Ridge Deposit (Fury Resources Inc.) and Dolly Varden Silver Mine (Dolly Varden Silver Corp.) are in close proximity.

Dr. Quinton Hennigh, technical advisor to Goliath commented: “Immediate visual confirmation of mineralization in the first hole drilled into a target is one of the most rewarding experiences in exploration. Although assays are required to confirm grade, this first drill hole provides Goliath with its first detailed picture of the geology of the Surebet zone, and it is a very exciting one. The zone appears comprised of two sub-parallel quartz-sulphide vein breccia to intense stockwork zones with an intervening interval of sulphide stockwork mineralization between. Overall width of observed mineralization is a remarkable 57.5 meters. Given the large scale of the Surebet zone and should assays from drilling confirm those encountered during last year’s channel sampling, this could prove to be a significant new discovery in the Golden Triangle.”

“This first drill hole of our 2021 maiden drill campaign has exceeded our expectations,” stated Roger Rosmus, Founder & CEO. “These new sulphide intercepts could potentially have all the makings of the next big high grade gold-silver discovery in the Golden Triangle. This is the first of many holes to be drilled along our 1,000 meters of the surface exposed mineralization on Surebet that remains open. We look forward to reporting the assay results once received and interpreted.”

The inaugural drill hole GD21-001 (138 meters in length, 140°/-70°) cut 57.5 meters* of quartz-sulphide veins along, bound by two distinct and significant multi-meter quartz-sulphides stockwork breccias (link to image). The 3.4 meters* upper vein contains visually identified 10% centimeter-scale banded, clustered and disseminated sulphides, inluding (in decreasing order) iron sulphides as pyrrhotite, zinc sulphides as sphalerite, lead sulphides as galena and copper sulphides as chalcopyrite; followed by 8.9 meters* of strong 40-50% vein stockwork of similar composition as the upper vein. The 11.4 meters* lower vein shows similar brecciation and sulphide assemblages as the upper vein. The host sediments contain 1 to 2% disseminated and stringer pyrrhotite with local enrichments of up to 5%.

GD21-001 undercut an area approximately 35 meters below surface of the southernmost Cliff Showing of the Surebet Zone, which yielded a fresh angular float sample assaying 967.99 g/t AuEq (29.72 oz/t Gold, 97.19 oz/t Silver), and is located 90 meters along strike to the south of the Lower Waterfall Showing of 13.05 g/t AuEq over 15.1 meters (true width).

A second hole, GD21-002, is currently being drilled at the Cliff Showing with a northeast orientation and has intersected, approximately 30 meters north of GD21-001, similar quartz-sulphide veining starting at 30 meters downhole depth. Additional fan drilling is also planned for the adjacent Lower Waterfall, Waterfall, Main, Central and North Rubble Showings of the Surebet Zone.

Goliath has planned for up to 5,000 meters of drilling from multiple drill pads to target the extensive gold-silver discovery exposed at surface at Surebet both along strike and to depth. It has 1,000 meters of strike length, 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The drilling will focus on examining the continuation at depth of the high-grade gold-silver mineralization zone exposed at surface over 1,000 meters of strike averaging 9.84 meters wide at 10.68 g/t AuEq (with 7.59 g/t gold) which remains open (see Company news release dated November 25, 2020).

* 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.

Golddigger Property

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

Surebet is located some 8 kilometres southwest of the Homestake Ridge project which is a high-grade gold-silver deposit that contains 982,700 oz of gold @ 4.99 g/t Au and 19,600,000 oz of silver @ 97.7 g/t Ag, with drill intercepts of up to 73 meters of 21 grams per tonne gold and 12 grams per tonne 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 (1,000 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 (1,000 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 2km 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.

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Figure 1

Location of Metallurgical Samples

TORONTO, July 08, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) announces it will be filing an updated NI 43-101 Technical Report including updates to the ownership structure, land position, additional drilling and surface exploration results as well as positive results from metallurgical test work. The resource statement in this report remains unchanged due to insufficient additional drill data.

Highlights of the metallurgical study:

• CIL cyanidation and gravity recoverable gold average of 90.3% for representative blends of the gold bearing mineralization forming the bulk of the resource of the Surluga Deposit.

• Flotation and gravity recoverable gold average of 93.3% for the localized domains of arsenopyrite-dominant mineralization in the Surluga Deposit.

• CIL cyanidation and gravity recoverable gold average of 95.4% for Minto mineralization forming the Minto Mine South deposit and locally present in the Surluga Deposit.

• The positive response of Surluga and Minto Mine South mineralization to conventional, industrially proven processes provides flexibility for project definition, design, and potential treatment of respective material types.

“We are pleased to have tested all mineralogy types currently pronounced in the Wawa Project resource and received back positive metallurgical results. The major resource, the Surluga Deposit, responds well to cyanidation, including the blends of pyrite and arsenopyrite bearing material that are representative of the majority of the higher-grade zones of the Surluga deposit. The tests have also proven that the domains with more abundant arsenopyrite (“APY”) are receptive to flotation resulting in 90% or higher recoveries in all cases.

The Minto deposit tests demonstrated recoveries in excess of 94%.

In summary our metallurgical work demonstrated that conventional processing methods provides flexibility and optionality in the selection of future processing options.” – Quentin Yarie, President and CEO.

Metallurgical study

Red Pine commissioned McClelland Laboratories Inc., located in Sparks, Nevada, to determine the amenability of gold mineralization in the Surluga and Minto Mine South deposits to CIL cyanidation and flotation treatment. The metallurgical study was conducted on a total of eleven (11) samples of quartered HQ drill core (Figure 1). Note that additional details of the metallurgical study will be filed and available on SEDAR.

Figure 1 – Location of Metallurgical Samples
https://www.globenewswire.com/NewsRoom/AttachmentNg/5485069a-b13f-4754-98a0-e58047c44e7d

In the Surluga deposit, gold mineralization principally occurs as arrays of quartz veins of different thickness associated with pyrite as the main sulfide (pyrite-dominant mineralization). Accessory to absent pyrrhotite and arsenopyrite, and minor to absent chalcopyrite, occasional native gold, sphalerite and galena complete the main mineral assemblage. Pyrite-dominant mineralization is absent from the Minto Mine South deposit.

In the Minto Mine South deposit, and in certain zones of the Surluga deposit, gold mineralization is associated with quartz-tourmaline veins with variable pyrite, accessory pyrrhotite, minor to trace chalcopyrite and common native gold.

A third style of gold mineralization has arsenopyrite as the main sulfide (arsenopyrite-dominant). It occurs as variably preserved relicts in the resource of the Surluga deposit, absent from the Minto Mine South deposit. Where observed in the Surluga deposit, its formed of zones with extremely deformed arsenopyrite with or without strong quartz veining. Within the Surluga deposit, primary arsenopyrite-dominant mineralization tends to be spatially restricted to discrete zones and is more commonly an accessory to larger volumes formed by pyrite-dominant and Minto mineralization.

For the metallurgical study, three (3) samples from the Minto Mine South deposit were selected to characterize Minto mineralization. Five (5) samples were selected in the Surluga Deposit to represent a blend of pyrite-dominant with accessory to absent arsenopyrite-dominant mineralization to characterize the most likely metallurgical behavior of gold mineralization during production. Three (3) samples were also specifically selected to characterize the metallurgical behavior of primary arsenopyrite mineralization that is locally preserved in discrete zones of the Surluga Deposit.

The individual samples weighed 2 kg to 37 kg and each sample was crushed to a nominal 10-mm. The 10-mm material was then blended and split using a riffle or rotary type splitter to obtain approximately 5 kg for crushing to 100%-1.7 mm. In the case of the two samples that weighed less than 5 kg (RPX-1 and RPX-8), the samples were crushed entirely to -1.7 mm. The -1.7-mm material was blended and split using a rotary type splitter to obtain four (4) replicated samples (typically 1.25 kg each). One of the replicated splits from each sample was further split to obtain duplicate 100-g splits for head analysis. Each of these splits was analyzed for gold and silver content by conventional fire assay fusion procedures. One of the duplicate splits from each sample was also used for an ICP metals scan and for sulphide sulphur analysis.

Agitated CIL cyanidation bottle roll tests

Agitated CIL cyanidation bottle roll tests were conducted on the selected samples. Following the leach cycle, slurries were screened to recover the metallic fraction which was assayed separately from the remaining tails. This was done to capture any residual gravity recoverable gold. Tests were conducted at an 80%-75 µm feed size with a 32-hour leach cycle.

Samples representative of the main zones of mineralization in the Surluga and Minto Mine South deposits generally were readily amenable to CIL cyanidation treatment at the 80%-75 µm feed size. For the three (3) samples representative of Minto mineralization, CIL cyanidation and gravity recoverable gold average of 95.4%. For the five (5) samples representative of the blends of pyrite-dominant with accessory to absent arsenopyrite-dominant mineralization types in the Surluga Deposit, CIL cyanidation and gravity recoverable gold average of 90.3 %. The three (3) samples selected to specifically characterize arsenopyrite-dominant mineralization in the Surluga Deposit yielded a range of CIL cyanidation and gravity recoveries between 48.9% to 78.2% (average of 61.2%).

Bulk Sulphide Flotation Testing

A rougher bulk sulphide flotation test was conducted on each of the 11 Surluga/Minto composite samples to determine the response to flotation treatment. Splits from each sample (typically 1.25 kg) were batch ground in a steel ball mill to produce an 80%-75um feed for leaching. Each ground ore charge was screened prior to flotation to recover a metallics fraction which was assayed separately from the flotation products.

Flotation was conducted using a Denver laboratory scale flotation unit at 1,200 rpm. Slurry solids density of the ground ore was adjusted to 33 weight percent solids. Flotation was conducted in 4 stages with 0.015 kg/mt ore of PAX (potassium amyl xanthate) added at each of stages 1 and 2 and 0.010 kg/mt ore of AERO 3477 promoter (dithiophosphate) added at each of stages 2 through 4.

Samples representative of the main zones of mineralization in the Surluga and Minto Mine South deposits were amenable to gravity recovery and bulk sulphide flotation at the 80%-75 µm feed size. For the three (3) samples representative of Minto mineralization, bulk sulphide flotation and gravity recoverable gold average of 95.6%. For the five (5) samples representative of the blends of pyrite-dominant with accessory to absent arsenopyrite-dominant mineralization in the Surluga Deposit, bulk sulphide flotation and gravity recoverable gold average of 86.6 %. For the three (3) samples selected to specifically characterize arsenopyrite-dominant mineralization in the Surluga Deposit, bulk sulphide flotation and gravity recoverable gold average of 93.3%.

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".

Red Pine is located 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 is supported by Chairman of the Board Paul Martin, former CEO of Detour Gold and Directors boasting a high pedigree of experience at Alamos, Barrick, Generation Mining, Detour Gold, and the Ontario Energy Board. Led by CEO, Quentin Yarie, with over 25 years of experience in mineral exploration, Red Pine is strengthening its position by further validating its potential as a major resource and 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.

Figure 1: Location of Geological Traces

Figure 1: Location of Geological Traces

Figure 2: Exploration Diamond Core Holes – Major Drilling

Figure 2: Exploration Diamond Core Holes – Major Drilling

Figure 3: Lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea, $/kg (midpoint)

Figure 3: Lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea, $/kg (midpoint)

VANCOUVER, British Columbia, July 08, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) is pleased to provide a Maricunga lithium resource expansion and finance activities update as announced by Minera Salar Blanco (“MSB”).

HIGHLIGHTS

• The latest drilling program on the Stage One mining concessions has been completed, with five exploration core holes (S-25, S-26, S-27, S-28 and S-29) each reaching target depth of 400m.

• Positive average lithium concentrations of 989 mg/l and a maximum of 3,375 mg/l, which confirm Maricunga as one of the richest deposits in Chile.

• Significant resource expansion expected for Stage One after the new drilling program tested the 200-400m mineralised zone.

• DFS update continues by Worley, GEA Messo and Atacama Waters.

• Preliminary indications of interest received from international financial institutions and private funds for debt financing and future equity financing of the project.

• Finance process will continue in coming months, with the Mitsui agreement announced on May 15 for Off-Take and Funding of the Stage One serving as a solid base.

• Review and certification processes initiated for ESG protocols. Proposals from specialised advisors are expected during Q3 to review all project information along with carbon footprint metrics.

As announced on 27 January 2021, the Company commenced additional exploration at the Maricunga Salar as part of the updated DFS for its Stage One Project with the aim of expanding the current Measured + Indicated (M+I) resource. This currently is measured from near surface to 200m depth, but recent drilling will also include the interval between 200m and 400m.

MSB has completed additional five diamond core holes to the target depth of 400m as scheduled. As a result, the resource update for the Stage One mining concessions will be based on:

• 5,257m drilled within 41 wells.

• 3 production wells and 4 long term pumping tests (more than 60 days in total).

• 1,194 brine samples analysed by Andes Analytical Assay, the University of Antofagasta in Chile and Norlab in Argentina.

• 501 undisturbed core samples taken for drainable porosity tests which were sent to Geosystems Analysis (GSA), Daniel B. Stephens and Associates, Corelabs and the British Geological Survey.

Positive results with average lithium concentrations of 989 mg/l and maximum values of 3,375 mg/l are shown in Table 1 below.

Table 1: Average Lithium and Potassium concentrations

Positive lithium/calcium/magnesium ratios have confirmed the world class nature of the Maricunga deposit (Table 2).

Table 2: Average lithium/calcium/magnesium ratios

Location of the different exploration and production wells, as well as of the geological traces are shown on Figure 1 below.

Figure 1: Location of Geological Traces is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/77afb36a-4261-41d1-81d1-77eabd4c4c5f

A new Resource (M+I) estimate is in process, including the additional information to 400m depth, using SGeMS software as a base for the new Reserve estimate update which will be part of the updated DFS for Stage One. A significant resource expansion is expected to be between the range of 1.5x to 1.8x the 2019 values¹.

_______________
¹ Maricunga Definitive Feasibility Study (DFS), January 22^nd, 2019

Figure 2: Exploration Diamond Core Holes – Major Drilling is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1b5670be-6c99-4769-bc91-8025b44a628c

The DFS update continues to advance as planned by Worley (Engineering) and GEA Messo (Production Process). Several opportunities for optimisation have been identified in the engineering, with potential reduction also in the CAPEX of the project.

The Company has advanced further on its production process with significant efficiency increases. As part of the finance and commercial activities, new samples of high-quality battery grade Lithium Carbonate will be produced at GEA Labs in France for review by off-takers after the Basic Engineering is completed by the end of September. Purity is expected to be significantly higher compared with the original samples produced in 2018. They showed a 99.5% purity. Such an outcome would allow the Company to reach a wider spectrum of customers with different quality requirements in the future.

Financing activities have continued, with the Mitsui agreement for off-take and funding serving as a solid base.

A recovery in lithium prices, especially for battery grade lithium carbonate, along with the off-take agreed with Mitsui have had a positive impact on the expected level of leverage the project could support. The Company is now targeting a 50 per cent leverage for the project with a lower cost debt structure.

Lithium carbonate battery grade is now trading at $US14,000 per tonne in China, Japan and Korea, as shown below in Figure 3.

Figure 3: Lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea, $/kg (midpoint) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f122894-2987-41f4-bdb5-aa6c5077ccf0

As EV roll-out intensifies and electrification becomes a significant focus for governments, the scrutiny of lithium producers’ initiatives to minimise environmental impacts have been growing.

Sustainability has always been the centre of the Maricunga project. The company has made important efforts to become one of the first Zero Emission lithium brine producers. That includes minimising the water consumption of the production process design (self-producing more than 30 per cent of water used); using electricity only produced by solar generators through long term power purchase agreements; and having strict protocols to ensure any negative impact on the area have provided an opportunity to set a high standard in the industry. Additionally, the social aspect has been important

to the Maricunga project, having received open and ongoing support from both indigenous and civilian communities. All of these aspects have been widely recognised by the Chilean authorities.

The Company has initiated the process to review and certify its Environmental Social and Governance protocols. Proposals from specialised advisors are expected to be received during Q3 for the review of all the project information, as well as its carbon footprint metrics.

MSB’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented:

“We are pleased with the positive results to date. We look forward to continuing advancement on all fronts as we progress the Maricunga Stage One project towards a successful outcome.”

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.35% 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 60 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BEARING LITHIUM 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.

DENVER, CO / ACCESSWIRE / July 8, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") will issue a news release providing a summary of its financial and operating results for the second quarter ended June 30, 2021 on Wednesday, July 27, 2021 after the market close, file its 10Q with the financial and operating results for the period ended June 30, 2021 with EDGAR and host a conference call on Thursday, July 28, 2021 at 11:00 a.m. Eastern Time.

The conference call will be recorded and posted to the Company's website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Kim Perry, Chief Financial Officer and Alberto Reyes, Chief Operating Officer will host a live question and answer (Q&A) session. There are two ways to join the conference call.

To join the conference via webcast, please click on the following link: https://www.webcaster4.com/Webcast/Page/2361/42039.

To join the call via telephone please use one of the following dial-in details:

Participant Toll Free: 877-545-0320
Participant International: 973-528-0016
Entry Code: 758194

Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above.

About GRC:
Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

Contacts:
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/654831/Gold-Resource-Corporation-to-Hold-Conference-Call-to-Discuss-Q2-2021-Financial-and-Operating-Results-on-July-28-2021

Vancouver, British Columbia–(Newsfile Corp. – July 7, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC PINK: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report the expansion of the newly discovered URU zone from 4 to 12-kilometres of strike, at CESAR North, within the wholly-owned CESAR copper-silver project in North Eastern Colombia (refer to Figures 1 to 5).

The URU copper-silver zone lies along the southern portion of the 80-kilometre-long CESAR North belt. URU appears to be continuous over 12-kilometres, and open in all directions. Samples from the new URU copper discovery have been shipped to ALS preparation laboratory in Medellin and to Lima for assays.

The initial URU discovery (April 8, 2021 NR) reported sixteen rock chip channel samples returning of over 1% copper extending over a 4-kilometre-long-strike with highlights of 5.7 % copper and 14 g/t silver including:

• 4.3% copper and 8 g/t silver over widths of 10-metres;

• 3.6% copper and 12 g/t silver over widths of 10-metres;

• 3.0% copper and 6 g/t silver over widths of 10-metres.

The URU copper mineralization is hosted in a stockwork within igneous host rock that crosscuts sediment-hosted stratabound mineralization. Observed minerals include chalcocite, native copper, cuprite and copper oxide. The copper mineralization is often associated with the presence of epidote.

"In less than three months the Max field team extended the URU zone to 12-kilometres of strike, which is a testament to their expert field skills. The strike extension remains open in all directions, demonstrating the major-scale potential of URU. We look forward to the new URU copper assay results due late this month," commented Max CEO, Brett Matich.

"Max's in-country team is continuing its field exploration programs through to end of year," he continued.

"CESAR provides Max shareholders significant copper exposure, the key metal for the "green revolution's move to electric vehicles, solar, wind and clean power grid infrastructure. In addition, copper's declining reserve base requires major copper discoveries to replace depleting reserves," he concluded.

Figure 1. New URU copper discovery

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_002full.jpg

New URU copper discovery video

Cannot view this video? Visit:
https://www.youtube.com/watch?v=tDM06fhDu0s

Figure 2. CESAR Copper-Silver Project

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_003full.jpg

Figure 3. CESAR North, URU discoveries and locations

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_004full.jpg

Figure 4. URU Discovery cross-section

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_005full.jpg

Max interprets the sediment-hosted stratabound copper-silver mineralization in the Cesar Basin to be analogous to both the Central African Copper Belt (CABC) and the Polish Kupferschiefer. Almost 50 percent of the copper known to exist in sediment-hosted deposits is contained in the CACB, including Ivanhoe Mines Ltd (TSX: IVN) 95-billion-pound Kamoa-Kakula copper deposits in the Congo.

Kupferschiefer, is the world's largest silver producer and Europes largest copper source, mining an orebody 0.5 to 5.5-metres thick at depths of 500m. The silver yield is almost twice the production of the world's second largest silver mine.

Source: Central African Belt Descriptive models, grade-tonnage relations, and databases for the assessment of sediment-hosted copper deposits with emphasis on deposits in the Central Africa Copperbelt, Democratic Republic of the Congo and Zambia by USGS 2010. Kamoa-Kakula by OreWin March 2020. World Silver Survey 2020 and Kupferschiefer Deposits & Prospects in SW Poland, September 27, 2019. Max cautions investors that the presence of copper mineralization of the Central African Copper Belt and the Polish Kupferschiefer are not necessarily indicative of similar mineralization at CESAR.

CESAR COPPER-SILVER PROJECT IN COLOMBIA – OVERVIEW

CESAR, is located along the 200-kilometre-long Cesar Basin in North Eastern Colombia encompassing widespread highly prospective copper-silver mineralization.

This region enjoys major infrastructure resulting from oil & gas and mining operations, including Cerrejon, the largest coal mine in South America, now held by global miner Glencore (refer to Figure 5).

Figure 5. CESAR Project location

To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_006full.jpg

Due to the regional-scale and prospectivity of the Cesar Basin, Max has implemented a multi-faceted exploration program for 2021:

Advanced Drill Core Analysis and Modelling: ongoing analysis of historical drill holes and seismic sections integrated into our structural modelling of the Cesar Basin, in collaboration with Ingeniería Geológica Universidad Nacional de Colombia ("IGUN") in Medellín (January 7, 2021 NR);

Geochemical and Mineralogical: geochemical and mineralogy studies by the University of Science and Technology ("AGH") of Krakow, Poland. AGH bring their extensive knowledge of KGHM's world renowned Kupferschiefer sediment-hosted copper-silver deposits in Poland to the CESAR project;

Geophysical: Fathom Geophysics is interpreting seismic data, funded by the Company in collaboration with one of the world's leading copper producer;

Proprietary Field Exploration & Techniques: Max's in-country exploration teams continue to identify new stratabound copper-silver mineralized zones;

● CESAR North 80-kilomtre-long-copper-silver zone (refer to Figure 2):

– In 2020, Max identified the AMS (previously named AM South) and AMN (previously named AM North) stratabound copper-silver zones, collectively spanning over 45-km², with values of 0.1 to 34.4% copper and 5.0 to 305.0 g/t silver over intervals ranging 0.1 to 25.0-metres;

– The CONEJO zone, discovered March 2021, spanning an area of 3.2-km by 1.6-km and open in all directions. CONEJO returned values above 5.0% copper from 23 rock panels varying from 5.0m by 5.0m to 1.0m by 1.0m, 66 rock panel samples returned values over 1.0% copper (March 24, 2021 NR). Highlight assays above 9% copper and 50 g/t silver:

– 12.5% copper + 84 g/t silver over 5.0-metre by 5.0-metre
– 10.5% copper + 50 g/t silver over 3.0-metre by 2.0-metre
– 10.4% copper + 95 g/t silver over 5.0-metre by 5.0-metre
– 10.2% copper + 62 g/t silver over 5.0-metre by 5.0-metre
– 10.0% copper + 80 g/t silver over 5.0-metre by 5.0-metre
– 8.7% copper + 89 g/t silver over 5.0-metre by 5.0-metre
– 8.4% copper + 60 g/t silver over 5.0-metre by 5.0-metre
– 7.9% copper + 21 g/t silver over 5.0-metre by 5.0-metre
– 7.7% copper + 84 g/t silver over 5.0-metre by 5.0-metre
– 7.4% copper + 47 g/t silver over 5.0-metre by 5.0-metre

– The URU zone, discovered April 2021, extends over 4-kilometres, and open in all directions, located 30-km south of CONEJO. URU demonstates major-size potential; Sixteen rock chip channel samples returned over 1% copper with assay values up to 5.7 % copper and 14.4 g/t silver including URU results include (June 10, 2021 NR):

– 4.3% copper and 8 g/t silver over widths of 10-metres;
– 3.6% copper and 12 g/t silver over widths of 10-metres;
– 3.0% copper and 6 g/t silver over widths of 10-metres;

– April 2021, Max identified the SP target, which lies along the mid portion of the CESAR North 80-km belt in line with the four previous copper discoveries URU, CONEJO, AMN and AMS;

– Exploration continues on CONEJO and the URU zone;

– In addition, Max has initiated the process of mineral claim approvals and drill permiting;

• CESAR West: Max has identified copper porphyry mineralization along a significant target zone.

QUALIFIED PERSON

The Company's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Tim Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, who serves as a qualified person under the definition of National Instrument 43:101.

ABOUT MAX RESOURCE CORP.

Max Resource Corp. is an energy 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 startbound-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/89623

Highlights:

• The Surebet Zone is highly mineralized at surface with 1000 meters of strike having 500 meters of vertical relief and 1000 meters of inferred down dip extension that remains open in all directions.

• The Surebet Zone has an average true width of 9.84 meters and grade of 10.68 g/t AuEq (7.59 g/t Au), channel highlights include:

  • 13.05 g/t AuEq over 15.1 meters true width

  • 14.11 g/t AuEq over 10.0 meters true width

• First area to be drill tested is the Cliff Zone where a fresh angular float sample assayed 967.99 g/t AuEq (29.72 oz/t Au & 97.19 oz/t Ag).

• ~ 5000 meters of drilling targeting the extensive high-grade gold-silver structure discovery exposed at surface along strike and to depth.

• Surebet Zone 3D Model & Proposed Drill Locations Video (Click Here).

TORONTO, July 07, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report its 2021 maiden diamond drill campaign has commenced at its 100% controlled Golddigger Project. The campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1,000 meters (1km) of strike and to depth at the Surebet Zone discovery that currently averages 9.84 meters wide grading 10.68 g/t AuEq (7.59 g/t Au). This new discovery also has 500 meters of vertical relief and 1000 meters of inferred down dip extent. The Golddigger Project is in a mining friendly jurisdiction and world class geological setting near Stewart, BC in the Golden Triangle of British Columbia. Both the Homestake Ridge deposit and Dolly Varden Silver mine are close in proximity.

Dr. Quinton Hennigh, technical advisor to Goliath commented: “Goliath's aggressive 5,000 meter diamond drill program will enable a definitive test of the Surebet mineralized zone this season. Holes will be drilled from strategically positioned locations above this robust moderately west-dipping mineralized zone to test shallow areas and to down-dip depths of approximately 500 meters. Interestingly, the likely source of mineralizing fluids is an intrusion situated around 2 kilometers to the west. Therefore, it is conceivable that mineralization may extend beyond the limits of our current planned drill program. We think this year's program will demonstrate we are at the tip of an iceberg.”

Mr. Roger Rosmus, CEO of Goliath stated: “We are extremely pleased that drilling has commenced on our maiden drill campaign at our newly discovered Surebet Zone. This new discovery has significant untapped potential with multiple strong drill targets seen at surface along its 1 km strike length of high-grade gold-silver with significant widths that remains open. The Golddigger property is in the Golden Triangle, a world-class geologic setting where many world-class deposits have been discovered.”

Goliath has planned for a ~ 5000 meter drill targeting the extensive high-grade gold-silver structure discovery exposed at surface at the Surebet Zone both along strike and to depth. It has 1000 meters of strike length, 500 meters of vertical relief and 1000 meters of inferred down dip extent. The drilling will focus on high-grade gold-silver mineralization zone exposed at surface over 1000 meters of strike averaging 9.84 meters wide at 10.68 g/t AuEq (7.59 g/t Au) and remains open (see Company news release dated November 25, 2020).

Golddigger Property

The Golddigger property is 23,859 hectares (59,646 acres) and in a world class geological setting located on tide water 30 kilometers south-east of Stewart BC in the Golden Triangle.

The newly discovered Surebet Zone is located ~8 kilometres S.W. of Fury Gold’s Homestake Ridge property which is a high-grade gold-silver deposit that contains 982,700 oz of gold @ 4.99 g/t Au and 19,600,000 oz of silver @ 97.7 g/t Ag, with drill intercepts of up to 73 meters of 21 grams per tonne gold and 12 grams per tonne silver (source – Fury Gold’s PEA & Website) (Link to Map).

Multiple high-grade polymetallic gold-silver drill 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 gpt gold equivalent (AuEq) and 7.59 grams per tonne gold (gpt Au). The zone also has 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

The Surebet drill targets are contained within a shear zone and will be tested for the first time in the 2021. The high-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 less than 0.5 g/t AuEq (Link to news November 25, 2020).

The Surebet Zone 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 2km of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square km 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.

Other

All rock, channel and talus fine samples were crushed and pulverized at MSALABS's laboratory in Terrace, BC. MSALABS is either Certified to ISO 9001:2008 or Accredited to ISO 17025:2005 in all of its locations. The resulting sample pulps were analyzed for gold by fire assay and metallic screen fire assay in Langley, BC. The pulps were also assayed using multi-element aqua regia digestion at MSALABS's laboratory in Langley, BC. The coarse reject portions of the rock samples, as well as the pulps, were shipped to Goliath Resources Ltd.’s storage facility in Terrace, BC. All samples were analyzed using MSALABS's assay procedure ICP-130, a 1:1:1 aqua regia digestion with inductively-coupled plasma atomic emission spectrometry (ICP-AES) or inductively-coupled plasma mass spectrometry (ICP-MS) finish for 35 elements as well as the FAS-121 lead collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish. Any results greater than 100 ppm for silver or 10,000 ppm copper, lead and zinc were additionally assayed using MSALABS's ICA-6xx method particular to each element. This method used an HNO3-HCl digestion followed by ICP-AES (or titrimetric and gravimetric analysis). Gold values of greater than 10 ppm Au were assayed by the FAS-425 method which includes a fire-assay fusion procedure with a gravimetric finish. Samples with Au greater than 5 ppm were additionally analyzed using metallic screen fire assay with MSALABS’s MSC-150 or MSC-350 method. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence.

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and 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
President and Chief Executive Officer
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.

Proceeds to Support Deeper Drilling on Two Promising Targets Along the 10-KM Tarabala Gold Trend Through Rainy Season

Not for distribution to United States newswire services or for dissemination in the United States

TORONTO, July 07, 2021 (GLOBE NEWSWIRE) — Compass Gold Corp. (TSX-V: CVB) (“Compass” or the “Company”) announced today that it intends to issue, on a non-brokered private placement basis, up to 15,000,000 common shares of the Company, at a price of $0.20 per share, for aggregate gross proceeds of up to $3.0 million (the “Offering”).

The proceeds of the Offering will be used to further advance the Company’s ongoing exploration efforts at its Sikasso Property in southern Mali (see Compass news releases dated March 1^st, March 16^th May 18^th and July 6, 2021), as well as for general corporate purposes.

Larry Phillips, Compass President and CEO, said, “We are excited to follow up on our discovery of not one but two promising large, shallow gold targets along the Tarabala Trend. Both targets, Massala West and Tarabala, have returned compelling grades and widths that merit deeper drilling. Our team in Mali has made preparations for a new, aggressive exploration program running through the rainy season, including a planned 10,000m of air-core, reverse circulation and diamond core drilling aimed to confirm whether the mineralization at these targets has sufficient size and grade continuity to warrant resource definition drilling.”

Certain insiders of the Company may participate in the Offering. Further, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation, the Company may pay a finder’s fee to certain registered dealers in connection with the Offering comprised of: (i) a cash fee equal to 6.0% of the gross proceeds received from the sale of common shares sold to purchasers introduced to the Company by the finder, and (ii) warrants exercisable for a period of two years following the closing of the Offering to acquire that number of common shares of the Company, at a purchase price of $0.20 per share, equal to 6% of the number of common shares sold to purchasers introduced to the Company by the finder.

All the shares issuable pursuant to the Offering will be subject to a hold period expiring four months and one day after the date of issuance.

The securities offered pursuant to the Offering have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.

It is anticipated that the closing of the Offering will occur on or prior to July 31. Closing of this Offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

Participation by insiders in the Offering will be exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of the exemptions contained in Sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101.

About Compass Gold Corp.

Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX- V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property. The exploration permits are located in three sites in southern Mali with a combined land holding of 867 sq. km. The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Komana. The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo, is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald’s August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.”

Forward‐Looking Information
This news release contains "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the completion of the Offering and the Company’s proposed use of proceeds and planned exploration work. Readers are cautioned not to place undue reliance on forward‐looking information. Actual results and developments may differ materially from those contemplated by such information. The statements in this news release are made as of the date hereof. The Company undertakes no obligation to update forward‐looking information except as required by applicable law.

For further information please contact:

Website: www.compassgoldcorp.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.

TORONTO, July 7, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce the voting results of the Annual and Special Meeting of Shareholders of the Corporation that was held on July 6, 2021 (the "Meeting").

Election of Directors

Each of the nominees for election as directors listed in the Corporation's management information circular dated May 27, 2021 (the "Circular") were elected as directors of the Corporation for the ensuing year or until their successors are elected or appointed.

Other Items of Business Considered at the Meeting

Each of the following resolutions voted on at the Meeting were also passed:

• The reappointment of RSM LLP as auditors of the Corporation for the ensuing year and the authorization of the directors of the Corporation to fix their remuneration and the terms of their engagement.

• The approval and ratification of the renewal of the Corporation's rolling stock option plan.

For further details regarding the matters considered at the Meeting, please refer to the Circular, which can be found under the Corporation's profile on SEDAR at www.sedar.com.

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 228,052,731 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/July2021/07/c2663.html

VANCOUVER, BC, July 6, 2021 /CNW/ – Trading resumes in:

Company: Arctic Star Exploration Corp.

TSX-Venture Symbol: ADD

All Issues: Yes

Resumption (ET): 9:45 AM

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

View original content: http://www.newswire.ca/en/releases/archive/July2021/06/c6751.html

Drilling Program Continues on Tarabala Trend

Figure 1:

Property map showing the location of Old Sam and Dialéké.

TORONTO, July 06, 2021 (GLOBE NEWSWIRE) — Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) reports the results of the recently completed drilling at the Old Sam and Dialéké prospects, located on the Company’s Sikasso Property in Southern Mali (Figure 1).

Highlights

• Drilling at Old Sam identifies a wide zone of shallow gold mineralization, associated with the Samagouela shear zone and pronounced shallow gold in soil anomalies

  • Highest-grade drill interval: 2 m @ 1.06 g/t Au (from 21 m)

  • Widest interval: 4 m @ 0.76 g/t Au (from 13 m)

• Drilling at the Dialéké artisanal workings intercepted several narrow gold intercepts, including 1 m @ 10.27 g/t Au

• Soil anomalism (up to 1.03 g/t Au) has been identified on a structure parallel to the Tarabala Fault

• Initial phase of a 10,000 m infill drilling program at Massala West is progressing well

Compass CEO, Larry Phillips, said, “Our recent reports have focused on the exciting Tarabala trend and the three large mineralized zones where a deeper drilling program is ready to commence. At the same time, our team continues to evaluate our extensive ground package through a systematic, aggressive shallow drill program, discovering additional targets for our exploration pipeline.

The first drilling results at the Old Sam target, 40 km south of Tarabala, are highly encouraging. Initial drilling has discovered a shallow zone of low-grade gold along a 2 km strike from the Samagouela artisanal workings. A follow-up drilling program is being planned in order to identify wider, higher grade zones of mineralization at this important new target.

To the north along the Farabakoura Trend, the first shallow drilling at the Dialéké target has also intercepted gold mineralization, including some very high-grade narrow intercepts up to 10.27 g/t Au, which will be also be the subject of further work.

Meanwhile, our team is preparing to start our previously announced 10,000 m infill and deeper drilling program over a 5.4 km zone on the highly prospective Tarabala Trend at the Tarabala, Massala West and Massala Extension prospects. Drilling will proceed through the rainy season, and we expect to see the initial results towards the end of July.

Old Sam Drilling Results

Eighteen shallow air core (AC) holes (889 m) were drilled on three targets at Old Sam (Figure 1) to test artisanal workings or gold in soil anomalism associated with potential mineralized structures along the Samagouela Trend. Two six-hole NW-trending fences and one N-S-trending fence were drilled on structures associated highly anomalous shallow soil samples (up to 0.29 g/t Au at the workings, and 0.75 and 9.82 g/t Au on the other areas). Geological mapping and interpretation of Gradient Induced Polarization (IP) geophysics identified several strong northeast-trending faults on each fence that were coincident with the soil anomalism.

The most notable mineralized intercepts were recorded from the historic workings (Table 1) in hole KOAC090. Over an interval of 21 m, three elevated zones of mineralization were identified, the widest of which was 6 m @ 0.59 g/t Au (from 28 m), containing 2 m @ 1.06 g/t (from 30 m). Follow-up work is recommended on this gold-bearing structure to determine whether wider zones of mineralization are present along strike, or down dip. No mineralized intercepts greater than 0.20 g/t Au were measured in the other two fences, despite the much higher shallow soil gold anomalism.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c64f5eb-0de6-44ab-93b1-7e94642935fb

Table 1. Mineralized intervals greater than 0.2 g/t Au identified during recent drilling at Old Sam and Dialéké prospects.

¹True thicknesses are interpreted as 60-90% of stated intervals.
² Intervals use a 0.2-gram-per-tonne gold cut-off value

Dialéké Drilling Results

Twenty-four (28) shallow AC holes (1,412 m) were drilled on three NE-orientated fences at Dialéké (Figure 1) to test a 350 m by 130 m area of surface gold excavations and shallow soil gold anomalism adjacent to the Siekorole fault. Only one fence was drilled directly over the workings (OUAC074-085), and it was this fence that contained the highest gold concentrations (1 m @ 10.27 g/t Au; OUAC082) and widest intervals (3 m @ 2.06 g/t Au; OUAC081) (Table 1) The fence to the south of the workings contained only trace amounts of gold, whereas the short fence 200 m to the north (OUAC086-089), drilled to test gold anomalism in shallow soil samples, was barren. The target remains open at depth and along strike, and might be revisited at a later date.

Technical Details

All AC holes from Dialéké reported here were drilled on an azimuth of 045° (towards the northeast), at dips of 55°. AC holes from Old Sam were drilled on an azimuth of 315° (towards the NW) or 000° (towards the north). Hole lengths at both prospects varied from 39 to 54 m. The drill fences were designed to test structures interpreted from Gradient IP surveying, and potential mineralized trends identified by Compass’s earlier fieldwork. Drilling was performed by Etasi and Co. Drilling (Mali). All samples were prepared by Compass staff and an appropriate number of standards, duplicates and blanks were submitted and analysed for gold at SGS (Bamako, Mali) by fire assay.

Next Steps: Tarabala Trend

A 55-AC-hole drilling program (totalling 3,300 m) is currently underway at Compass’s Massala West prospect and is progressing well. Upon completion of this work, a deeper 5,000 m reverse circulation (RC) drilling program will take place at Massala West and 2 km to the south at Tarabala. The purpose of this drilling is to determine the strike and depth extension of previously identified gold mineralization over 4.5 km following the Tarabala fault.

Based on recently identified anomalous soil samples (up to 1.05 g/t Au) 750 m to the west of the Tarabala fault, additional ground geophysics will be performed to help define future drilling targets.

About Compass Gold Corp.

Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX- V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property. The exploration permits are located in three sites in southern Mali with a combined land holding of 867 sq. km. The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Komana. The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo, is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald’s August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.”

QAQC

All AC samples were collected following industry best practices, and an appropriate number and type of certified reference materials (standards), blanks and duplicates were inserted to ensure an effective QAQC program was carried out. The 1 m interval samples were prepared and analyzed at SGS SARL (Bamako, Mali) by fire assay technique FAE505. All standard and blank results were reviewed to ensure no failures were detected.

Qualified Person

This news release has been reviewed and approved by EurGeol. Dr. Sandy Archibald, P.Geo, Compass’s Technical Director, who is the Qualified Person for the technical information in this news release under National Instrument 43-101 standards.

Forward‐Looking Information
This news release contains "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the Company’s planned exploration work and management appointments. Readers are cautioned not to place undue reliance on forward‐looking information. Actual results and developments may differ materially from those contemplated by such information. The statements in this news release are made as of the date hereof. The Company undertakes no obligation to update forward‐looking information except as required by applicable law.

For further information please contact:

Website: www.compassgoldcorp.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.

ENDEAVOUR ANNOUNCES BLOCK LISTING OF AWARD SHARES ON THE LSE

London, 6 July 2021 – Endeavour Mining plc (LSE: EDV) (“the Company”) announces that an application has been made to the Financial Conduct Authority and the London Stock Exchange for 400,000 ordinary shares of US$0.01 each (the "New Shares") to be admitted to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange.

Subject to approval by the Financial Conduct Authority and the London Stock Exchange, the New Shares are expected to be admitted on 7 July 2021.

The New Shares are being reserved under a block listing and may be issued in the future as a result of the award of ordinary shares of US$0.01 each (the “Shares”) pursuant to certain of the Company's share incentive plans which may be exercised from time to time.

The block listing is in respect of the following Company performance share plans:

• Executive Performance Share Plan;

• Executive Performance Share Unit Plan (Non-UK Participants); and

• Employee Performance Share Unit Plan.

When issued, these New Shares will rank pari passu with existing Shares.

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 Toronto Stock Exchange and the London 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 issuance of and timing of any issuance of the New Shares, and 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 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

• Additional Listing Endeavour Mining

VANCOUVER, BC, July 6, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Arctic Star Exploration Corp.

TSX-Venture Symbol: ADD

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:26 AM

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

View original content: http://www.newswire.ca/en/releases/archive/July2021/06/c6115.html

Vancouver, British Columbia–(Newsfile Corp. – July 5, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce an exploration program for the Thundercloud Property in northwestern Ontario. The program includes up to 5000-meters of drilling. Drilling will initially focus on the Pelham Zone where a historic resource was established based on a 3D resource model by Fladgate Exploration Consulting ("Fladgate") in 2011. Drill targets are designed to enlarge and enhance the mineralized zone. Trenching and a drone-supported airborne magnetic survey will be conducted in and outside the Pelham and West Contact exploration areas to locate new drill targets.

The first phase of drilling in the Pelham Zone is aimed at expanding and confirming the historic resource by testing the interpreted down dip and down plunge extensions of the known mineralization occurring in an altered gabbro. Initially, up to a 2000-meter drill program is planned. New drill data generated should allow the Company to evaluate the existing resource model and design additional drill holes to test mineralization at depth and down plunge in a second phase of drilling which is expected to be about 1500-meters.

The field program will begin with a detailed, high resolution, drone-supported airborne magnetic survey over the Pelham and West Contact areas. The new magnetic survey will improve historical geophysical surveys that were conducted along relatively widely spaced survey lines in part sub parallel to known mineralized structures. The new survey will involve closely spaced flight lines (50 meter-spacing) nearly perpendicular to the known structures and to provide much better resolution of the relationship of the magnetic signature to known mineralization. New airborne magnetic survey data together with new trenching data should generate new drill targets in the West Contact Zone. It may also give greater confidence to drill targets in the Pelham Zone. This survey is expected to be completed within a week of startup.

In July, the Company will mobilize equipment to start trenching in two new target areas on the West Contact Zone where previous trench samples in the area returned average grade of 5.84 g/t over 69 meters (8.02 g/t over 39 meters, and 3 g/t over 30 meters). Previous work generated positive geochemical results including anomalous gold values in rock and soil samples. The area also contains positive historical IP survey anomalies that warrant drilling. Trenching will provide additional data for structural trends and will assist in determining drill hole orientation in a follow-up drill program. Up to 1500 meters of drilling is expected for the West Contact Zone following trenching and airborne survey data evaluation.

Across the property, there are a large number of widely spaced soil samples with elevated anomalous gold values taken in a MMI soil sampling program in 2011. A comprehensive sampling program is being planned to follow up these anomalies with a 25-meter spacing soil sampling program around each site, time permitting.

This press release was reviewed by Andrew Tims, a Qualified Person under the definition of National Instrument 43-101.

About Thundercloud Property

The Thundercloud Property is located in the central Wabigoon Greenstone Belt in Western Ontario, 47 kilometers southwest of Dryden. The geological setting is comparable to the Abitibi Greenstone Belt in Eastern Ontario but the Thundercloud Property is much less explored. The Wabigoon Greenstone Belt contains numerous gold showings, several deposits and high grade historic past producers. Regionally, exploration results indicate excellent potential to define bulk-tonnage orogenic gold mineralization, as close to 30 million ounces of gold has been discovered in recent years, including several large-scale mining operations nearby.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in greenstone belts in Ontario and the Midas gold camp in Nevada. Currently, the 70% owned Hatu Qi2 gold mine in the Tien Shan Gold belt, Xinjiang, China, is in a legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd..

For more information, please visit Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"

_________________________________
Ivy Chong, President & CEO

For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89418

Investors focused on the Basic Materials space have likely heard of Impala Platinum Holdings (IMPUY), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Impala Platinum Holdings is a member of the Basic Materials sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IMPUY is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for IMPUY's full-year earnings has moved 6.32% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, IMPUY has gained about 22.82% so far this year. At the same time, Basic Materials stocks have gained an average of 19.54%. As we can see, Impala Platinum Holdings is performing better than its sector in the calendar year.

Looking more specifically, IMPUY belongs to the Mining – Miscellaneous industry, a group that includes 47 individual stocks and currently sits at #106 in the Zacks Industry Rank. Stocks in this group have gained about 31.07% so far this year, so IMPUY is slightly underperforming its industry this group in terms of year-to-date returns.

IMPUY will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.

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To read this article on Zacks.com click here.

Statistically speaking, long term investing is a profitable endeavour. But unfortunately, some companies simply don't succeed. Zooming in on an example, the Fresnillo plc (LON:FRES) share price dropped 62% in the last half decade. That's not a lot of fun for true believers. Unfortunately the share price momentum is still quite negative, with prices down 14% in thirty days.

See our latest analysis for Fresnillo

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

While the share price declined over five years, Fresnillo actually managed to increase EPS by an average of 40% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or possibly, the market was previously very optimistic, so the stock has disappointed, despite improving EPS.

Due to the lack of correlation between the EPS growth and the falling share price, it's worth taking a look at other metrics to try to understand the share price movement.

In contrast to the share price, revenue has actually increased by 6.8% a year in the five year period. So it seems one might have to take closer look at the fundamentals to understand why the share price languishes. After all, there may be an opportunity.

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. If you are thinking of buying or selling Fresnillo stock, you should check out this free report showing analyst profit forecasts.

What About Dividends?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Fresnillo the TSR over the last 5 years was -58%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

Fresnillo shareholders are down 5.1% for the year (even including dividends), but the market itself is up 25%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 10% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 1 warning sign for Fresnillo that you should be aware of.

Of course Fresnillo may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on GB exchanges.

This article by Simply Wall St is general in nature. 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.

TORONTO, June 30, 2021–(BUSINESS WIRE)–Rupert Resources Ltd ("the Company") (TSX-V: RUP; FSE: R05) announces the issue of options to acquire shares in the Company ("options") in accordance with the Company’s Stock Option Plan dated August 27, 2020 (the "plan").

The Company granted a total of 709,000 options to certain directors, officers, employees and consultants of the Company. The options were granted on June 30, 2021 with an exercise price of $5.00 per share. The options are exercisable for a five-year period from the date of grant, with 1/3^rd of the options vesting after 12 months, 1/3^rd after 24 months and the remainder after 36 months.

Following the award of the options, there are 11,015,000 options outstanding under the plan, representing 6.3% of the issued and outstanding shares of the Company.

About Rupert
Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol "RUP". The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland ("Pahtavaara"). Pahtavaara previously produced over 420koz of gold and 474koz remains in an Inferred mineral resource (4.6 Mt at a grade of 3.2 g/t Au at a 1.5 g/t Au cut-off grade, see the technical report entitled "NI 43-101 Technical Report: Pahtavaara Project, Finland" with an effective date of April 16, 2018, prepared by Brian Wolfe, Principal Consultant, International Resource Solutions Pty Ltd., an independent qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects). The Company also holds a 100% interest in the Surf Inlet Property in British Columbia, a 100% interest in properties in Central Finland and a 20% carried participating interest in the Gold Centre property located adjacent to the Red Lake mine in Ontario.

Rupert Resources Ltd
82 Richmond Street East, Suite 203, Toronto, Ontario M5C 1P1
Tel: +1 416-304-9004

Web: http://rupertresources.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 Note Regarding Forward Looking Statements
This press release contains statements which, other than statements of historical fact constitute "forward-looking statements" within the meaning of applicable securities laws, including statements with respect to: results of exploration activities, mineral resources. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended February 28, 2021 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, 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 such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005873/en/

Contacts

James Withall
Chief Executive Officer
jwithall@rupertresources.com

Thomas Credland
Head of Corporate Development & Investor Relations
tcredland@rupertresources.com

Vancouver, British Columbia–(Newsfile Corp. – June 28, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce that it has obtained a loan of Four Hundred Thousand Dollars ($400,000) from an arm's length third party. The loan is secured by a general security agreement and, in certain circumstances and subject to regulatory approval, is convertible to shares of the Company at a price of $0.05 per share at the option of either party. The proceeds will be used for general working capital and have, in part, been used today to repurchase the net profits royalty previously encumbering a portion of the Company's Ladner Creek Project.

About New Carolin Gold Corp.

New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the "Ladner Gold Project" (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

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 may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88973