Figure 1

Mythril regional location

Figure 2

Mythril showings

Figure 3

Mythril mineralized system

Figure 4

Mineralized boulders 1

Figure 5

Mineralized boulders 2

Figure 6

Galadriel showing

Figure 7

Gold-bearing floats

Figure 8

Drilling 2019 Best results

Figure 9

High grade Cu intersections

Figure 10

CuAu Ratios

Figure 11

Drilling 2021 3D-Targets

MONTREAL, May 27, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that drilling will resume on its Mythril Cu-Mo-Au-Ag project, wholly owned by Midland and located in Eeyou Istchee James Bay, Quebec. In late 2018, Midland discovered Mythril by prospecting and concluded a strategic investment with BHP Billiton Canada Inc. (“BHP”) during the spring of 2019 totalling $5.85 million for copper exploration in Quebec. A minimum 2,000-metre campaign will test new targets generated by a new 3D Leapfrog Geo model and is starting early June 2021.

Mythril: A significant Cu-Mo-Au-Ag surface discovery in James Bay

The Mythril copper-molybdenum-gold-silver (Cu-Mo-Au-Ag) zone consists of a series of mineralized subcropping boulder fields and Cu-Mo-Au-Ag showings occurring now over a distance of more than 3 kilometres. Located about 7 kilometres south of the Trans-Taïga road and hosted in Archean rocks of the Superior Province, a first nine days of prospecting in 2018 highlighted the discovery of 11 new surface Cu-Mo-Au-Ag and 2 molybdenum-only showings, yielding values such as 2.74% Cu, 0.44 g/t Au, 0.06% Mo and 24.3 g/t Ag over 2.7 metres in a channel on the Celeborn showing. Fifty-seven (57) grab samples from mineralized outcrops along 2 km strike length returned an average of 2.03% Cu, 0.48 g/t Au, 0.18% Mo and 18.3 g/t Ag. One hundred and sixteen (116) mineralized boulders were found, yielding an average of 1.92% Cu, 0.87 g/t Au, 0.11% Mo and 20.7 g/t Ag.

Table 1: Summary of the best Cu-Au-Mo-Ag showings found in 2018

*Note that grab samples are selective by nature and values reported are not representative of mineralized zones. Results from grab samples were disclosed in the November 6, 2018 and October 16, 2018 press releases.

Table 2: Summary of the best boulders found in 2018

*Metal prices used to calculate CuEq.: Au $1,285/oz, Cu $2.77/lb, Ag $15/oz, Mo $10.90/lb. Metal recovery is assumed to be 100%.

Table 3: Summary of the best channel results from the Celeborn and Galadriel showings

**Note that the true thickness of mineralized intervals cannot be determined at this time with the information currently available.

A dipole-dipole induced polarization (IP) geophysical survey performed during the winter of 2019 indicated a large zone (more than 2 kilometres long by hundreds of metres wide) of anomalously high chargeability coupled with decreases of resistivity that is remarkably coincident with known Cu-Au-Mo-Ag mineralized showings and boulder fields, as well as Cu-Mo soil anomalies (see press release by Midland dated February 28, 2019).

Several new mineralized boulder fields were found in 2019 by further prospecting, located several kilometres north and northeast of the previously known Mythril showings (see press releases by Midland dated November 7, 2019 and September 5, 2019). A first occurrence of predominantly gold mineralization on Mythril was found in one of these boulder fields, to the northeast of the main trend. The gold-bearing boulders (2.84 g/t Au; 2.83 g/t Au; 0.59 g/t Au; grab samples) contain low copper (<0.15% Cu) and molybdenum (<0.01% Mo) values and consist of pyrite (up to 1%), magnetite and trace chalcopyrite in a biotite-altered granodiorite. These new 2019 boulder fields made it possible to observe a systematic increase of gold versus copper content to the east and north of the project. This type of multi-kilometre-scale variation is typical of large-scale hydrothermal systems. These new highly prospective areas were covered by an extensive IP geophysical survey in the winter of 2020 (see press release by Midland dated August 11, 2020).

Three diamond drilling campaigns were conducted in 2019 following the IP survey, which yielded grades up to 1.07% Cu, 0.37 g/t Au and 8.87 g/t Ag (1.41% CuEq.*) over 12.55 metres intersected in drill hole MYT-19-06 (see press release by Midland dated May 16, 2019). The drilling phases successfully identified an anomalous Cu-Mo-Au-Ag halo on the project and permitted the creation of a 3D Leapfrog Geo model. The best drilling results are summarized below. Note that the true thickness of reported drill intervals cannot be determined with the information currently available.

• Phase 1 (published on May 16, 2019): MYT-19-06: 1.07% Cu, 0.37 g/t Au and 8.87 g/t Ag (1.41% CuEq.*) over 12.55 metres.

• Phase 2a (published on July 30, 2019): MYT-19-11 (1300E): 1.34% Cu, 0.69 g/t Au, 0.04% Mo and 9.54 g/t Ag (2.04% CuEq.*) over 9.00 metres.

• Phase 2b (published on September 5, 2019): MYT-19-24 (200E): 1.61% Cu, 0.09 g/t Au, 0.01% Mo and 6.7 g/t Ag (1.77% CuEq.*) over 3.12 metres.

• Phase 3 (published on November 5, 2019): MYT-19-33 (1200E): 0.11% Cu, 0.06 g/t Au and 2.7 g/t Ag (0.19% CuEq.*) over 93.1 metres.

New targets generated from the new 3D model and drilling campaign (2,000 m)

During the past year, a 3D geological model of mineralization in the main area of the Mythril project was built using Leapfrog Geo, to improve our understanding of the controls of the mineralized system and define new drilling potential. A total of 10 drilling targets were generated by studying relationships between known geology, alteration and geophysics in the model, for a total of 2,500 metres, of which 2,000 metres will be drilled during this program.

Modelling of the mineralized envelope was carried out to determine where gaps of information on Cu-Au-Mo-Ag mineralization were associated with favourable geological and geophysical settings to expand the mineralized halo. Such targets include untested areas of IP chargeability anomalies between open drill hole intersections as well as protuberant magnetic anomalies on the 3D magnetic inversion model occurring near the conglomerate contact to the south. The magnetic 3D anomaly targets aim towards magnetite-bearing Cu-Mo-Au-Ag mineralization such as those observed on surface at the Liv and Luthien showings.

The gold-bearing boulders found in 2019 to the northeast of the main trend were found to coincide with an IP anomaly and will also be tested during this drilling phase.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP, Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

This press release was prepared by Mario Masson, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101. For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com

Website: www.explorationmidland.com

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

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Photos accompanying this announcement are available at:

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VANCOUVER, BC / ACCESSWIRE / May 27, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has begun the 2021 exploration program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. Exploration is underway in the northern region of the property to define trenching and drilling targets. Two rock samples collected by the Company during 2017 from quartz float in this region returned 57.5 and 200 grams / tonne gold (Company News Release of August 28, 2017). This is referred to as the Branden float occurrence.

Great Atlantic is currently conducting prospecting and rock / soil geochemical sampling in the area of the Branden float occurrence. Following this work, the Company will continue the 2021 exploration program on multiple target areas throughout the property. Planned work consists of prospecting, rock / soil geochemical sampling, geophysical surveys, trenching and diamond drilling. The Company is preparing trenching and diamond drilling permit applications for priority areas including the Jaclyn Zone, the Otter Brook gold showing and a zone of gold soil geochemical anomalies within the southwest region of the property (referred to as Soil Anomaly No. 1).

The Golden Promise Property hosts gold bearing quartz veins in various regions of the property including the Jaclyn Zone, Shawn's Shot vein, Otter Brook showing, Linda / Snow White quartz vein system and the Gabbro occurrence. Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including core length intercepts of 113.07 grams / tonne (g/t) gold over 0.55 meters and 61.35 g/t gold over 2.04 meters. The Company confirmed gold mineralization at the Otter Brook showing during 2020 including an outcrop grab sample returning 5.75 g/t gold. In addition to the high-grade float at the Branden float occurrence Great Atlantic has confirmed high grade quartz vein float at the Jaclyn North Subzone (including samples returning 157.5, 163.9, 208.5 and 332.6 g/t gold). Please see the Company's website for news releases reporting previous work.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization on the Golden Promise Property.

Great Atlantic reported a National Instrument 43-101 mineral resource estimate for the Jaclyn Main Zone (JMZ) in late 2018 (Company News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows:

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.
Mineral resource tonnage and grades are reported as undiluted.
Contained Au ounces are in-situ and do not include recovery losses.

As reported in the National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo., the JMZ was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm³ was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID²) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drill holes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50/tonne and processing costs of US$25.00/tonne were used together with a gold price of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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.

Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

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35 RC drill holes completed with gold discoveries confirmed at both Diplomat and Treasure

Vancouver, British Columbia–(Newsfile Corp. – May 27, 2021) – Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to provide initial assay results from the reverse circulation ("RC") drill program at its Reliance Gold Property (the "Property") in southern British Columbia. Gold assay results from the first five (5) of the total thirty-five (35) RC holes have identified a new high-grade gold discovery at the Diplomat Zone and have also demonstrated that the Treasure Shear is a gold mineralized structure. Both discoveries significantly open up new exploration potential on the Property. The Property is located 4 kilometres ("km") east of the village of Gold Bridge with year-round road access, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.

Gold Results – The following table summarizes the best gold results from the initial five (5) holes with assay results:

"These encouraging results from the first-ever documented drill testing of the Diplomat Zone and the Treasure Shear dramatically expand the exploration potential for the Reliance Property. The high-grade intersection at Diplomat is a new discovery and further demonstrates that Reliance hosts a largely unexplored "Epizonal" Orogenic gold mineralizing system over the two-kilometer long Royal Shear-Treasure Shear trend" stated Robert Boyd, CEO of Endurance Gold "In addition, we are encouraged that our initial pXRF scanning of all the other 2021 RC drill holes suggest potential for further encouraging gold intersections, once assayed."

The Diplomat Zone is situated in the footwall of the Royal Shear and the potential was initially identified in the Company's 2020 geological mapping and soil sampling program. Diplomat is located 170 m northwest of the Imperial Zone and 625 metres ("m") northwest of the Eagle Zone. Nine holes have been completed at Diplomat with results received on five (5) RC Holes. Highlight gold assay results from hole RC21-024 include 16.39 grams per tonne gold ("gpt Au") over 4.57 m commencing at 71.63 m down-hole associated with a quartz, pyrite and arsenopyrite vein stockwork zone. Other intersections at Diplomat include 2.64 gpt Au over 9.14 m (from 1.52 m), 2.56 gpt Au over 7.62 m (from 6.10 m), 2.62 gpt Au over 6.10 m (from 51.82 m) and 6.34 gpt Au over 1.52 m (from 38.10 m in RC21-024 that also hosts the high-grade gold intersection). True widths are estimated to be approximately 80% of the reported drill intersections.

The Treasure Shear is a northeast southwest trending geographic linear feature located parallel to and about 300 meters east of the Royal Shear and is interpreted as the footwall bounding structure for the Royal Shear complex, a deep-seated regional structure. The Treasure Prospect is located 465 m northwest of the Imperial Zone and 875 m northwest of the Eagle Zone where a portion of the Treasure Shear is exposed in a road-cut. Three RC holes tested this structure with gold results reported herein on the first of these three drill holes. RC21-021 intersected 1.6 gpt Au over 6.1 m commencing at 35.05 m downhole. This intersection confirms that the Treasure Shear has potential to host wide zones elevated in gold similar to the Royal Shear and provides largely untested strike potential of an estimated two km. Location of the 35 RC Holes completed in 2021 are appended below or available here.

Portable X-Ray Fluorescence ("pXRF") Arsenic Results – pXRF of the RC reference samples has identified significantly enriched arsenic ("As") in 22 of the 35 RC drill holes completed. Gold and ICP analysis has only been completed on five (5) of these twenty-two (22) holes as summarized above. The widest and strongest arsenic mineralized intervals identified with the pXRF to date are summarized in the table below:

As reported in May 10, 2021, pXRF As-enriched zones have been identified on the Treasure Prospect, the Diplomat Zone, and in step out drilling at the Eagle Zone. Not previously reported is the identification of a pXRF elevated arsenic at the Crown Zone, located between the Eagle and Imperial Zones and an additional RC hole completed recently at the Imperial Zone. Location of the gold and pXRF arsenic intersections for the Diplomat Zone and Treasure Prospect are appended below or available here. Location of the pXRF arsenic intersections for the 2021 RC Holes at the Eagle Zone are appended below or available here.

As reported on January 6, 2021, the pXRF technique does not report quantifiable gold but previous work by the Company has shown that arsenic has a strong positive correlation with gold mineralization on the Reliance Property. The drill assay results reported on March 16, 2021 from the Company's 2020 RC program, and the gold assay results reported in this release, confirmed the pXRF arsenic intervals ultimately identified gold mineralized intervals at the Eagle, Imperial, Diplomat and Treasure Zones.

Property Activity – The planned RC drill program is now complete with a total of 35 holes completed. Some of the proposed RC holes have been deferred to a diamond drilling campaign later in the season due to water inflow problems which may impact RC sample quality and the presence of intrusive dykes which will need to be better constrained with diamond drilling. A total of 758 RC samples from 29 remaining RC holes drilled have been submitted to the laboratory for gold assay and multi-element ICP analysis. Complete gold assay results will be reported when received. The 3DIP geophysical crew completed their survey and demobilized from the Property. Results from the RC drilling and 3DIP geophysics will be used to assist in defining and prioritizing diamond drill targets for later in the season. A program of soil and biogeochemistry will commence shortly.

Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com
www.endurancegold.com

RC samples were collected under the supervision of a geologist at the drilling rig. Drilling was completed using a 3.5 inch hammer bit and rock chip samples were collected using a cyclone. Sample size were reduced to 1/8th size with a riffle splitter at the drilling rig. A second duplicate split and coarse chips were collected for reference material and stored. All RC samples have been submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to 70% <2 mm then up to 250 gram pulverized to <75 microns. Samples are then submitted for four-acid digestion and analyzed for 48 element ICP-MS (ME-MS61) and gold 30g FA ICP-AES finish (AU-ICP21). Over limit samples returning greater than 10 ppm gold are re-analyzed by Au-GRA21 methodology and over limit antimony returning greater than 10,000 ppm Sb are re-analyzed by Sb-AA08 methodology. The pXRF analysis was conducted by a Company geologist at the project site within 24 hours of drilling on the complete 1/8th duplicate split reference material. An Olympus Vanta XRF Analyzer was used for the analysis which is capable of measuring elements from concentrations as low as single parts per million (ppm). The work program was supervised by Darren O'Brien, P.Geo., an independent consultant and qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.

Reliance Property: 2021 Reverse Circulation Drilling

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Reliance Property: Treasure and Diplomat Zones, 2021 RC Drilling Gold Assays and pXRF

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Reliance Property: Eagle & Eagle South Zones, 2021 RC Drilling Arsenic by pXRF

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Toronto, Ontario–(Newsfile Corp. – May 27, 2021) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), a discovery-stage exploration and advanced development-stage gold company focused on the expansion and restart of our 100% owned PL Gold Mine in central Manitoba is pleased to announce recent assay results and on-site activities.

Following a detailed review and compilation of the Winter 2021 drill program the Company's technical team planned a 642 meter follow-up drill program consisting of 4 holes targeting: a) a south east trending mineralized vector on the main PL Deposit, b) shallow infill holes on the PL North Upper and Lower Zones to define mineralized structures in advance of planned open pit / bulk sample and c) a deeper, down dip hole to test the PL North mineralized trend at depth.

The Company announced that Visible Gold had been intersected in DDH M-21-048x on April 20, 2021 (see link to press release: MCI-Visible-Gold-and-PL-Mine-Phase-1.pdf). Assay results confirmed a bonanza gold grade of 101.6 g/t over 0.50 meter interval with a weighted average grade of 51.95 g/t over the 1 meter mineralized structure. The significance of the intercept is twofold:

• It is the biggest step-out hole in the history of the project highlighting the down-dip and on-strike resource expansion and exploration potential of the PL property (see Figure 1).

• This intercept is the 6^th highest grade assay in the history of the PL Deposit and highlights the potential for extremely high gold grades to occur in the mineralized structures that make up the PL Deposit and the evolving PL North target area ("PLN").

Other positive assay results were returned from shallow drilling on PL North Upper Zone. These include 2.95 g/t over 1.75 meters starting at a depth of 2.5 meters in DDH M-21-082 and 1.02 g/t over 3.5 meters starting at a depth of 17.0 meters in DDH M-21-083. Near surface gold mineralization on the PL North Upper Zone is being evaluated for future development, initially as an open pit / bulk sample that would ultimately be developed into a new northern portal. A second decline will provide more direct access to PL Deposit reserves (see Note 1) targeted for initial development and optimize future underground mining operations. The benefits of a new northern decline were previously highlighted in the April 20, 2021 press release noted above.

PL North Lower Zone continues to evolve as a mappable mineralized structure. The presence of high-grade assays between the PL North upper and lower zones are interpreted as higher order shear zones and possibly conjugate shear zones that link the two main mineralized structures at PL North. In addition to these subsidiary mineralized zones, gold-bearing quartz veins are consistently intersected at depth within the footwall tonalite, below the PL North Lower Zone (see link to press release where new Tonalite hosted mineralized structures were originally highlighted: MCI-Corporate-Update-July-30-2020-FINAL.pdf ). These recently identified mineralized structures are interpreted to be the strike-extension of discontinuous, tonalite-hosted mineralized structures in the footwall of the PL Deposit, historically referred to as the Lower Lower Zone.

The Location of DDH M-21-048x and other PL North Target drilling, relative to the PL Mill and main PL Deposit is highlighted in Figure 1.

Figure 1: Location Map Highlighting Spring 2021 Drilling and PL Deposit Resource Model (Note 1)

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Gorden Glenn President & CEO commented: "We are pleased that assay results have confirmed bonanza grades associated with the visible gold observed in step-out hole M-21-048x. The exceptional grade and location of this intercept confirm the on-strike exploration and resource expansion potential that exists at the PL Mine. Further drilling is warranted to infill drill a large untested area underlying the PL mill.

We are currently active onsite planning work programs for additional drilling (step-out drilling and infill drilling). While on site we are also hosting local contractors and service providers to update our mine development and mill refurbishment cost estimates. All site visitors have commented on the sites clean and safe working condition (see Photo 1 below). This is a positive reflection on our management, site personnel, contractors and shareholders and we are always pleased to present our project to interested parties."

Table 1: Selected Assay Results (>2.00gpt) from the Spring 2021 PL Mine Drill Program

Note 1: Nokomis NI 43-101 mineral resource estimate was prepared by Leon McGarry, B.Sc., P.Geo., of CSA Global Pty Ltd., and is contained in the Technical Report entitled Feasibility Study, PL Gold Project, Manitoba, Canada filed on SEDAR on May 4, 2018.

Photo 1: PL Mine Site May 2021 Current Condition (left photo of north side of mill and right photo of south side of the mill)

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The Company will provide further progress updates as internal studies and site work advances during the summer of 2021 and over the remainder of the year.

About Minnova Corp.

Minnova Corp. is an emerging Canadian gold producer focused on restarting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of restarting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and future surface exploration work programs will target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing 1000 tpd processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon Greenstone Belt of Central Manitoba.

Qualified Person

Mr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

For more information please contact:

Minnova Corp.
Gorden Glenn
President & Chief Executive Officer

For further information, please contact Investor Relations at 647-985-2785 or info@minnovacorp.ca

Visit our website at www.minnovacorp.ca

Forward Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause 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 information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.

NOT FOR DISSEMINATION INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85520

Nickel 28 Capital Corp. ("Nickel 28" or the "Company") (TSXV: NKL) (FSE: 3JC) is pleased to announce a proposed normal course issuer bid to repurchase its common shares. In the opinion of management and the board of directors of the Company, the common shares have recently traded in a price range that represents a substantial discount to the Company's net asset value and does not reflect the underlying value of the Company.

"Using Nickel 28’s excess liquidity to buy back common shares at their current trading price would be highly accretive to our net asset value per share and represents the highest rate of return on an investment that the Company could make," stated Anthony Milewski, the Company’s Chairman. He continued, "Accordingly, the purchase for cancellation of shares by Nickel 28 during these times will benefit the remaining shareholders by increasing their proportionate ownership in the Company."

Nickel 28 has submitted a notice of intention to undertake a normal course issuer bid to the TSX Venture Exchange ("TSXV") in connection with the purchase by Nickel 28 of up to 7,478,209 of its common shares, representing 8.7% of the 85,701,844 common shares comprising Nickel 28’s total issued and outstanding common shares as of May 26, 2021. All common shares purchased by Nickel 28 will be purchased on the open market through the facilities of the TSXV in accordance with the rules, regulations and policies of the TSXV and will be cancelled. The actual number of common shares which may be purchased, and the timing of such purchases, will be determined by Nickel 28. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors including other options to expand the Company’s portfolio of assets.

The normal course issuer bid remains subject to the approval of the TSXV and will begin on the date that is two trading days after the TSXV's approval and will be open for a maximum period of 12 months. A further news release with additional details of the normal course issuer bid will be issued upon approval of the bid by the TSXV.

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements with respect to the proposed NCIB; and statements with respect to the business and assets of Nickel 28 and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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. No securities regulatory authority has either approved or disapproved of the contents of this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210527005768/en/

Contacts

Investor Contact:
Justin Cochrane
Tel: 647.846.7765
Email: info@nickel28.com

(Bloomberg) —

Australia’s pro-fossil fuels government and one of the country’s top coal producers won a climate change court battle against an elderly nun and a group of Greta Thunberg-inspired teenagers.

The decision clears the way for Whitehaven Coal Ltd. to seek final go-ahead for a mine expansion aimed at producing as much as 10 million tons a year of mostly metallurgical coal, used in steel-making.

Even in dismissing an injunction seeking to halt the project, Judge Mordy Bromberg acknowledged the expansion would have a “tiny but measurable” impact on climate change, and ruled that Australia’s Environment Minister Sussan Ley must consider the future impacts on young people from a warmer planet when granting approvals.

It’s a decision that contrasts with a wave of clear-cut climate victories this week as investors revamped board rooms and judges forced operators to accelerate emissions cuts. An activist shareholder on Wednesday ousted two Exxon Mobil Corp. directors seen as insufficiently attuned to the threat of a warmer planet, while Royal Dutch Shell Plc was ordered to slash emissions faster than planned.

Read more: Big Oil’s Climate-Change Takedown Arrives With Stunning Rebukes

The Australia case was mounted by a group of eight teenagers who are involved in the School Strike 4 Climate Australia protest group and Sister Brigid Arthur, who acted as a so-called litigation guardian.

“Internationally, we’re seeing the transition to net zero accelerating across all sectors,” said Zoe Whitton, a Sydney-based executive director at Pollination, a climate change advisory and investment firm. “We see investors in both debt and equities moving rapidly towards transition aligned assets, and asking companies with concentrations in fossil fuels to find ways to pursue new opportunities.”

Lawsuits from the U.S. to the Philippines are seeking to press governments and companies to make faster efforts to reduce greenhouse gas emissions, highlighting wildfires to floods and droughts that scientists argue are being exacerbated by climate change.

Germany’s highest court last month forced lawmakers to bring forward its net zero emissions goal by five years after ruling existing law put young people’s futures at risk by leaving most emissions cuts until after 2030. Whitehaven’s win comes a day after a Dutch court ordered Shell to accelerate its work to cut emissions, a ruling seen as likely to have repercussions across the global fossil fuels industry.

Campaigners had been correct to argue Environment Minister Sussan Ley has a duty of care to protect Australia’s youth from the future impacts of greenhouse gas emissions, though those issues would likely be considered under an existing process of granting approvals to mine projects, Judge Bromberg said at the Federal Court of Australia in Melbourne.

The campaigners viewed the judgement as a win as it established the government has a duty of care to protect young people from the ravages of climate change, said 17-year-old Ava Princi, one of the teenagers behind the case. The teenagers will now make submissions to the court on how Ley should exercise that duty, she said in an emailed statement.

“My future — and the future of all young people — depends on Australia stepping away from fossil fuel projects and joining the world in taking decisive climate action,” she said.

Sydney-based Whitehaven said the legal case was without merit and will aim to proceed with the expansion.

“The company sees a continuing role for high quality coal in contributing to global CO2 emissions reduction efforts while simultaneously supporting economic development in our near region,” the producer said in a statement.

Whitehaven shares rose 2.3% in Sydney trading, trimming their decline this year to 6.7% as investors weigh longer-term prospects for the sector. Benchmark coal prices at Newcastle, one of the world’s biggest export terminals, have risen by almost a third.

Australia’s Prime Minister Scott Morrison, who once brandished a lump of coal in parliament in support of the fuel, has declined to set a hard target date to reach net-zero emissions, drawing criticism from investors and allies, including the U.S.

The Whitehaven ruling will be a boost for fossil-fuel exporters as Australian lawmakers increasingly tie an economic recovery from the country’s first recession in three decades to the energy sector. Australia is among the world’s biggest exporters of liquefied natural gas and coal.

(Updates with details throughout.)

More stories like this are available on bloomberg.com

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©2021 Bloomberg L.P.

A look at the shareholders of IGO Limited (ASX:IGO) can tell us which group is most powerful. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that used to be publicly owned tend to have lower insider ownership.

IGO is a pretty big company. It has a market capitalization of AU$5.5b. Normally institutions would own a significant portion of a company this size. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about IGO.

Check out our latest analysis for IGO

What Does The Institutional Ownership Tell Us About IGO?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

IGO already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of IGO, (below). Of course, keep in mind that there are other factors to consider, too.

Hedge funds don't have many shares in IGO. Yandal Investments Pty Ltd is currently the largest shareholder, with 8.9% of shares outstanding. With 7.9% and 6.0% of the shares outstanding respectively, T. Rowe Price Group, Inc. and Fidelity International Ltd are the second and third largest shareholders.

A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of IGO

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

Our most recent data indicates that insiders own less than 1% of IGO Limited. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around AU$26m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.

General Public Ownership

The general public holds a substantial 50% stake in IGO, suggesting it is a fairly popular stock. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.

Private Company Ownership

We can see that Private Companies own 12%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand IGO better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 3 warning signs for IGO you should know about.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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.

VANCOUVER, British Columbia, May 26, 2021 (GLOBE NEWSWIRE) — George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that the Company has completed the first phase of exploration of the Kettle Valley epithermal gold/silver occurrence. The exploration objective was to identify the bedrock sources of an extensive boulder train of angular mineralized (>.25 ppm to 2.34 ppm Au) quartz-carbonate material.

Goldcliff excavated nine trenches spanning 600 metres in an NNW-SSE direction. Overburden cover proved to be deeper than anticipated and, in many areas, bedrock was covered by highly cemented glacial till. Sufficient outcrop was, however, exposed in most trenches for sampling.

Near the southern end of the trenching abundant quartz-carbonate talus was traced up-slope (westerly) resulting in the discovery of a bedrock source on a cliff face. This discovery, the Cliff Zone, prompted a prospecting and sampling traverse following outcrop ledges and the base of cliff faces up hill and westerly of all the trenches. The traverse successfully traced a quartz-carbonate zone for 700 metres in an NNW-SSE strike direction. The quartz-carbonate Cliff Zone displays silicification, brecciation, multiple phases of quartz-carbonate veining, and quartz stockwork veining. Banded vein textures, bladed calcite and amethyst were also observed with the latter quite common in the southern part of the zone. These characteristics are consistent with low sulphidation epithermal Au-Ag deposits. Clay alteration seen in trenches downhill and <100 m east of the Cliff Zone may be the result of structural and hydrothermal activity.

Trench sampling comprised 53 rock and 10 glacial till samples. The prospecting traverse yielded 48 rock and 47 soil samples. Samples were shipped in secure sample bags by courier to MSA Labs in Langley, BC for 51 element ICP-MS analysis. In addition to MSA Lab's QA/QC protocols, Goldcliff's QA/QC program included insertion of standards and blanks into the sample stream.

Subsequent to completion of this first phase of exploration, Goldcliff has acquired by staking an additional 336 hectares of mineral tenures.

Warner Gruenwald, P. Geo., a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at info@directroyalty.com.

GOLDCLIFF RESOURCE CORPORATION

Per: “George W. Sanders”

George W. Sanders, President

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

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

TORONTO, May 26, 2021 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") today announced that it is proposing to complete a flow-through and non flow-through private placement on a non-brokered basis (the "Private Placement"). The Corporation intends to raise up to approximately $500,000 in aggregate gross proceeds by issuing up to approximately 746,269 flow-through units (the "FT Units"), up to approximately 793,651 non flow-through units (the "Non-FT Units"), or any combination of FT Units and Non-FT Units. Pursuant to the Private Placement, the FT Units will be issued at a price of $0.67 per FT Unit and the Non-FT Units will be issued at a price of $0.63 per Non-FT Unit.

Each FT Unit will consist of one common share of the Corporation to be issued as a "flow-through share" (as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act")) (each, a "FT Share") and one common share purchase warrant (each, a "Warrant"). Each Non-FT Unit will consist of one non flow-through common share of the Corporation and one Warrant. Each Warrant (whether comprising part of a FT Unit or a Non-FT Unit) will entitle the holder thereof to acquire one non flow-through common share of the Corporation at a price of $0.72 per share for a period of 12 months from the date of issuance.

As at the date hereof, the Corporation has accepted subscription agreements for the Private Placement in aggregate gross proceeds of $345,000.

The gross proceeds allocable to the FT Shares comprising the FT Units will be used for "Canadian exploration expenses" (within the meaning of the Tax Act), which will qualify, once renounced, as "flow-through mining expenditures", as defined in the Tax Act, which will be renounced with an effective date of no later than December 31, 2021 (provided the subscriber deals at arm's length with the Corporation at all relevant times) to the initial purchasers of FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units which are allocable to the FT Shares. The Corporation intends to use the net proceeds from the issue of Non-FT Units for exploration activities and general working capital purposes.

In connection with the Private Placement, the Corporation may pay finders' fees in the form of cash commissions and finder's warrants having the same attributes as the Warrants.

The closing of the Private Placement is subject to the approval of the TSX Venture Exchange (the "TSXV"). All securities that are issued pursuant to the Private Placement will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws.

About LAURION Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 227,449,205 outstanding shares of which approximately 71% 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.

Follow us on Twitter: @LAURION_LME

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, management's objectives, strategies, beliefs and intentions, the completion of the Private Placement, the use of proceeds therefrom and the finder's fees that may be paid by the Corporation in connection with the Private Placement. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein including as a result of a change in the trading price of the Common Shares, the TSXV not providing its approval for the Private Placement. 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/May2021/26/c9713.html

Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") announces that the six nominees listed in the management information circular for its 2021 annual meeting of shareholders (the "Meeting") held earlier today were elected as directors of Aquila. 129,198,908 shares were represented at the Meeting, representing 38.1% of Aquila’s issued and outstanding common shares. The detailed results of the vote for the election of directors are set out below:

Final voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.

ABOUT AQUILA
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development‐stage company focused on high grade polymetallic projects in the Upper Midwest, USA. Aquila’s experienced management team is currently advancing pre-construction activities for its flagship 100%‐owned gold and zinc‐rich Back Forty Project in Michigan.

The Back Forty Project is a volcanogenic massive sulfide deposit with open pit and underground potential located along the mineral‐rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications, with additional exploration upside. An optimized Feasibility Study for the Project is underway.

Aquila has two other exploration projects: Reef Gold Project located in Marathon County, Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold.

Additional disclosure of Aquila’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.aquilaresources.com or on SEDAR at www.sedar.com.

Cautionary statement regarding forward-looking information

This press release may contain certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: risks with respect to the COVID-19 pandemic; and other related risks and uncertainties, including, but not limited to, risks and uncertainties disclosed in Aquila’s filings on its website at www.aquilaresources.com and on SEDAR at www.sedar.com. Aquila undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210526006082/en/

Contacts

Guy Le Bel, President & CEO
Tel: 450.582.6789
glebel@aquilaresources.com

David Carew, VP Corporate Development & Investor Relations
Tel: 647.943.5677
dcarew@aquilaresources.com

Trading Symbol TSX/NYSE AMERICAN: SVM

VANCOUVER, BC, May 26, 2021 /CNW/ – Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on June 4, 2021, with a payment date of the dividend scheduled on or before June 25, 2021.

The dividends are considered eligible dividends for Canadian tax purposes.

The declaration and payment of future dividends is at the discretion of the Board of Directors and any future decision to pay dividends will be based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.

About Silvercorp
Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The Company's goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees' wellbeing, and sustainable development. For more information, please visit our website at www.silvercorp.ca.

CAUTIONARY DISCLAIMER – FORWARD-LOOKING STATEMENTS

Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws (collectively, "forward-looking statements"). Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's capital to finance the Company's operations; estimates of the Company's revenues and capital expenditures; estimated production from the Company's mines in the Ying Mining District and the GC Mine; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks relating to: global economic and social impact of COVID-19; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting; and bringing actions and enforcing judgments under U.S. securities laws.

This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

View original content to download multimedia:http://www.prnewswire.com/news-releases/silvercorp-declares-semi-annual-dividend-of-us0-0125-per-share-301299389.html

SOURCE Silvercorp Metals Inc

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/26/c8606.html

Vancouver, British Columbia–(Newsfile Corp. – May 26, 2021) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) (Santiago: SSVCL) ("Southern Silver" or the "Company") announces that due to significant demand, it has amended its agreement with Red Cloud Securities Inc. (the "Underwriter") to increase the size of its previously announced bought deal private placement to C$9,000,000 (the "Brokered Offering"). Under the amended agreement, the Underwriter will purchase for resale 18,000,000 units of the Company (the "Units") at a price of C$0.50 per Unit (the "Unit Price"). Each Unit shall be comprised of one common share in the capital of the Company (each a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable into one common share of the Company (each, a "Warrant Share") at a price of C$0.75 at any time on or before the date which is 24 months after the closing date of the Brokered Offering.

The Company is also increasing the size of its previously announced non-brokered private placement to up to 6,000,000 Units at the Unit Price for additional gross proceeds of up to C$3,000,000 (the "Non-Brokered Private Placement", and collectively with the Brokered Offering, the "Offerings"). The Units sold under the Non-Brokered Private Placement will be identical to those sold under the Brokered Offering.

The net proceeds from the Offerings will be used for exploration and advancement of the Company's Cerro Las Minitas silver-lead-zinc project located in Durango State, Mexico and for general working capital purposes. The closing of the Offerings is expected to occur on or about June 14, 2021 and is subject to receipt of all necessary regulatory and other approvals, including the listing of the Unit Shares and Warrant Shares on the TSX Venture Exchange. The Unit Shares, Warrants and Warrant Shares will be subject to a hold period of four months and one day from the date of closing of the Offerings in accordance with applicable Canadian securities laws and may be subject to resale restrictions in the jurisdiction of residents of non-Canadian purchasers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.

On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, Q.C.
President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

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

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85283

(Expressed in United States dollars except where otherwise indicated)

MONTREAL, May 25, 2021 (GLOBE NEWSWIRE) — (TSXV: GMN) GobiMin Inc. (“GobiMin” or the “Company”, together with its subsidiaries collectively the “Group”) reports its financial and operating results for the first quarter of 2021. The unaudited condensed interim consolidated financial statements along with quarterly highlights of management’s discussion and analysis have been filed with SEDAR (www.sedar.com) and are also available at the website of the Company (www.gobimin.com).

Financial Highlights

Business Summary and Development

1. Gold Project in Xinjiang

The Company owns a 70% equity interest in Xinjiang Tongyuan Minerals Limited which holds the Sawayaerdun Gold Project (the “Gold Project”) in Xinjiang. Its exploration licence had been renewed with expiry date on August 22, 2021. Its mining licence expired on December 23, 2019 and the renewal process involved multiple approval levels. The application procedures were delayed attributable to the work piled in government authorities during the COVID-19 pandemic and additional time required for finalizing the resources assessment on the Gold Project by an independent valuer. As at the date of this report, approvals from the Department of Natural Resources of all of the county, prefecture and region levels were confirmed. The renewed mining licence is expected to be issued after settlement of the mining royalties amounting to $1.46 million (equivalent to RMB9.56 million).

The on-site industrial test on applying bio-tech methodology on extraction of metals from large-scale samples of gold ores was running behind the schedule attributable to the pandemic in 2020. As suggested by the experts from the Research Institute, three-shift rotation schedule has been implemented to accelerate the test progress in the mine site. According to the analysis results on the ore samples and the immersion gold tests conducted by the Research Institute, arsenic and iron in the ore samples have been successfully removed by oxidation. After the pre-oxidation stage and subject to the analysis result of the samples, the industrial test would enter into the final stage of immersion gold process in late 2021.

For the three months ended March 31, 2021, there was no addition to exploration and evaluation assets. As at March 31, 2021, the Group had a contractual commitment of $1,628,000 for the future development of the Gold Project.

2. Financial Assets

(i) Listed Securities

As at March 31, 2021, the fair value of listed securities held by the Group amounted to $757,000 (December 31, 2020: $247,000) which include $664,000 (December 31, 2020: $127,000) investment in listed stock, futures and options trading through registered brokerage firms in Hong Kong and $93,000 (December 31, 2020: $120,000) for a listed stock in Canada. For the three months ended March 31, 2021, the loss on trading of listed stock, indexes, futures and options amounted to $114,000 (three months ended March 31, 2020: $39,000) and fair value loss was $52,000 (three months ended March 31, 2020: $80,000).

(ii) Unlisted Investments

The Group holds 670,000 shares of Dragon Silver Holdings Limited (“Dragon Silver”) representing 9.90% of its total issued capital at an investment cost of $1.1 million (equivalent to HK$8,710,000). Dragon Silver is a Hong Kong based company which mainly engaged in trading, production, processing and investment in precious metals and non-ferrous metals and related products.

In consideration of the continuous difficult market conditions and the impact of COVID-19, the Group agreed to waive the profit guarantee compensation further for the years ended June 30, 2021 and 2022 as requested by the guarantor who committed to continue the payment of the dividend guarantee compensation for the Relevant Years.

There is no material update on the operations of Dragon Silver for the current period under review other than those disclosed in Annual MD&A. The carrying value of the investment together with the Dividend Guarantee, the Profit Guarantee and the Put Option as at March 31, 2021 was $1,286,000 (December 31, 2020: $1,286,000). Management considered that there were no material fair value changes for the investment in Dragon Silver for the three months ended March 31, 2021 (three months ended March 31, 2020: nil).

As at March 31, 2021, unlisted investments held by the Group other than Dragon Silver amounted to $257,000 (December 31, 2020: $257,000). During the period under review, the fair value loss on other unlisted investments was $3,000 (three months ended March 31, 2020: $10,000).

(iii) Debentures and Certificate of Deposit

The Group would invest in debentures and certificate of deposit bearing low risks and reasonable interest return from various industries through the open market. Debentures are held to receive coupon interest payments as well as to realize potential gains. The Group may dispose of debentures through the open market when the Group requires funds for operational or other investment needs.

As at March 31, 2021, the Group held debentures of $2,748,000 (December 31, 2020: $2,741,000) with coupon rates ranged from 4.250% to 7.375% (December 31, 2020: 4.250% to 7.375%) per annum and maturities ranged between May 31, 2021 and perpetual (December 31, 2020: May 31, 2021 and perpetual).

3. Liquidity and Capital Resources

As at March 31, 2021, working capital of the Group was amounted to about $20,763,000 (December 31, 2020: $21,306,000), which is computed by netting off its current assets of $23,349,000 (December 31, 2020: $23,842,000) with its current liabilities of $2,586,000 (December 31, 2020: $2,536,000).

Taking into account of its financial position, management of the Group considered that its cash and cash equivalents will be more than sufficient to finance its operation, including the contractual commitments of the Gold Project of approximately $1,628,000 as at March, 31 2021 (December 31, 2020: $1,633,000).

For further information, please contact:

Certain statements contained in this press release constitute forward-looking information. Such statements are based on the current expectations of management of GobiMin. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information. Forward looking information includes without limitation, statements regarding the size and quality of the Company’s mineral resources, progress in development of mineral properties, the prospective mineralization of the properties, and planned exploration programs. The reader should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate. These statements speak only as of the date they are made, and GobiMin assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law.

“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.”

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Just because a business does not make any money, does not mean that the stock will go down. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

So, the natural question for Tinka Resources (CVE:TK) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

View our latest analysis for Tinka Resources

When Might Tinka Resources Run Out Of Money?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In March 2021, Tinka Resources had CA$7.3m in cash, and was debt-free. Looking at the last year, the company burnt through CA$7.8m. So it had a cash runway of approximately 11 months from March 2021. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. You can see how its cash balance has changed over time in the image below.

How Is Tinka Resources' Cash Burn Changing Over Time?

Because Tinka Resources isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. With the cash burn rate up 15% in the last year, it seems that the company is ratcheting up investment in the business over time. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Tinka Resources makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Easily Can Tinka Resources Raise Cash?

Since its cash burn is moving in the wrong direction, Tinka Resources shareholders may wish to think ahead to when the company may need to raise more cash. Companies can raise capital through either debt or equity. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Tinka Resources has a market capitalisation of CA$77m and burnt through CA$7.8m last year, which is 10% of the company's market value. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted.

Is Tinka Resources' Cash Burn A Worry?

On this analysis of Tinka Resources' cash burn, we think its cash burn relative to its market cap was reassuring, while its cash runway has us a bit worried. Even though we don't think it has a problem with its cash burn, the analysis we've done in this article does suggest that shareholders should give some careful thought to the potential cost of raising more money in the future. On another note, Tinka Resources has 3 warning signs (and 1 which is potentially serious) we think you should know about.

Of course Tinka Resources may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

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.

VANCOUVER, British Columbia, May 25, 2021 (GLOBE NEWSWIRE) — Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) a mineral exploration company with assets in Kazakhstan and Mexico, is pleased to announce its intent to distribute shares of Arras Minerals Corp. (“Arras Minerals”) to Silver Bull shareholders.

As announced on April 1, 2021, Silver Bull transferred its Kazakh interests, including the Beskauga Option Agreement and the Ekidos and Stepnoe mineral licences, to Arras Minerals, a newly formed British Columbia incorporated company and currently an approximately 88%-owned subsidiary of Silver Bull. In return, Silver Bull received 36 million shares of Arras Minerals.

Silver Bull intends to distribute approximately 34.2 million shares of Arras Minerals to Silver Bull shareholders, which will result in one Arras Minerals share to be distributed to Silver Bull shareholders for each share of Silver Bull held. Upon completion of the distribution, Silver Bull anticipates retaining approximately 1.8 million Arras Minerals shares as a strategic investment, expected to represent approximately 4% of the outstanding Arras Minerals shares at the time of distribution. The Arras Minerals shares are not expected to be listed or posted for trading on any stock exchange immediately following the distribution. Accordingly, the Arras Minerals shares distributed to Silver Bull shareholders, though freely transferable in the United States, may be illiquid until such time as the shares are listed or a trading market develops, if at all. In Canada, shareholders of Arras Minerals will be able to trade their shares only pursuant to an exemption from prospectus requirements.

The proposed distribution of Arras Minerals shares to Silver Bull shareholders does not require shareholder approval, but is subject to certain conditions, including the registration of the Arras Minerals shares under the U.S. Securities Exchange Act of 1934 and final approval by the Board of Directors of Silver Bull. Silver Bull intends to complete the proposed distribution of the shares before the end of the third quarter of 2021, however the actual timing is subject to receipt of regulatory approvals and the final approval by the Board of Directors of Silver Bull.

Silver Bull will provide an update on record and distribution dates for the proposed distribution of Arras Minerals shares if and when it receives requisite approvals, including regulatory and board approvals.

Summary of Arras Minerals’ Assets

The Beskauga deposit is Arras Minerals’ material property and is an open pittable gold-copper-silver deposit with a NI 43-101 compliant “Indicated” Mineral Resource of 207 million tonnes grading 0.35 g/t gold, 0.23% copper and 1.09 g/t silver for 2.33 million ounces of gold, 476.1 thousand tonnes of copper, and 7.25 million ounces of silver and an “Inferred” Mineral Resource of 147 million tonnes grading 0.33 g/t gold, 0.15% copper and 1.02 g/t silver for 1.56 million ounces of gold, 220.5 thousand tonnes of copper, and 4.82 million ounces of silver.

The constraining pit was optimised and calculated using a net smelter return cut-off based on a price of: $1,500/oz for gold, $2.80/lb for copper, $17.25/oz for silver, and with an average recovery of 81.7% for copper and 51.8% for both gold and silver. Mineralization remains open in all directions as well as at depth.

Table 1. Pit-constrained Mineral Resource estimate for the Beskauga copper-gold project

The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors
"Tim Barry"

Tim Barry, CPAusIMM
Chief Executive Officer, President and Director

INVESTOR RELATIONS:
+1 604 687 5800 info@silverbullresources.com

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This news release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. We advise U.S. investors that these terms are not recognized by the United States Securities and Exchange Commission (the "SEC") under SEC Industry Guide 7. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however under SEC Industry Guide 7 the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this news release may not be comparable to similar information made public by U.S. companies that report under SEC Industry Guide 7 and are not subject NI 43-101.

Cautionary note regarding forward looking statements: This news release contains forward-looking statements regarding future events and Silver Bull's future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended (the "Securities Act"), and the Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements in this news release include, among others, statements regarding the proposed distribution by Silver Bull of shares of Arras Minerals to Silver Bull shareholders and the timing of such distribution. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull's exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull's management. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as the results of exploration activities and whether the results continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in Silver Bull's Annual Report on Form 10-K for the fiscal year ended October 31, 2020 and our Quarterly Report on Form 10-Q for the interim period ended January 31, 2021 and our other periodic and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investment will provide foundation for a sustainable company within the new era for mining and a global move towards green electrification

VANCOUVER, BC, May 25, 2021 /CNW/ – Foran Mining Corp. (TSXV: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that it has entered into a letter agreement pursuant to which Fairfax Financial Holdings Limited, through certain of its subsidiaries (collectively, "Fairfax"), will make a strategic CAD$100 million investment in the Company in exchange for the issuance by the Company of common shares, non-voting common shares, and warrants.

Fairfax has agreed to subscribe, on a private placement basis, for CAD$100 million in equity securities of Foran in two tranches (collectively, the "Financing"):

• Tranche 1 – CAD$50 million gross proceeds, comprised of 27,777,778 voting common shares (the "Common Shares") at a price of CAD$1.80 per Common Share, along with warrants to purchase an aggregate of 8,000,000 million Common Shares (the "Warrants"). The Warrants have an exercise price of CAD$2.09 per Common Share and an exercise period of five years.

• Tranche 2 – CAD$50 million gross proceeds, comprised of 27,777,778 non-voting common shares (the "Non-Voting Shares") at CAD$1.80 per Non-Voting Share, along with 8,000,000 Warrants.

The net proceeds of the Financing will be used to rapidly advance the development of the McIlvenna Bay project and centralized mill for the Hanson Lake district as well as further exploration in the Hanson Lake district, enable further investment in key technological and operational research and equipment, and general corporate purposes.

Foran believes the investment by Fairfax represents a significant endorsement of Foran's business model, the quality of its 100% owned McIlvenna Bay deposit and its wider Hanson Lake District, and its vision to build the world's first carbon neutral copper mine. This transaction greatly de-risks the business financially and is expected to bring a multitude of substantive synergies and benefits to Foran shareholders. Foran's resulting cash position of approximately CAD$120M and strategic partnership with Fairfax will enable significantly accelerated development of the McIlvenna Bay project and its phase 1 centralized mill at the profound and prospective Hanson Lake district. Foran believes that Fairfax, like Foran, values integrity, honesty, doing meaningful work in an energetic way, and is proud to partner with Fairfax in addressing the need for carbon neutral materials extraction, and to grow Fairfax's investment in a meaningful, responsible, and disciplined manner.

Foran will continue to focus efforts on arranging the remaining debt component of its project financing, which efforts will be strengthened and supported by new access to Fairfax's global network of business partners. Foran will also continue working with its established banking partners with a focus on exploring potential ESG financial products that could enhance overall economics and investment returns for all stakeholders.

Prem Watsa, Chairman and Chief Executive Officer of Fairfax, said: "Fairfax is delighted to partner with Foran and to support its management team, led by Dan Myerson, in the creation of the world's first carbon neutral copper company. We are excited to invest alongside Pierre Lassonde and Darren Morcombe in a company with an excellent base of assets and a solid strategic plan for development, which we think represents an excellent opportunity for long-term growth and value-creation."

Pierre Lassonde, a key investor in Foran, also commented: "I cannot think of a better partner for any business than Prem and his Fairfax group. This is a wonderful development for Foran which is rewriting the textbook on how to create value in mining. We look forward to building this new age copper company together."

Dan Myerson, Executive Chairman of Foran said, "This investment and partnership is a pivotal moment in our company's short history and one that will shape our future for many years and decades to come, elevating us onto the world-stage. We are honored for this profound vote of confidence, in our vision and strategy, the Foran team, our stakeholders and the province of Saskatchewan and country of Canada.

About the Investment
Closing of the Financing is subject to the receipt of TSX Venture Exchange approval, the settlement of mutually agreeable definitive documentation (including the terms and conditions of the Non-Voting Shares), the receipt of all necessary Foran shareholder approvals, and other customary closing conditions. Further announcements will be made regarding details of the development of the mine at the McIlvenna Bay deposit and the expected closing date of each tranche of the Financing. Fairfax will not receive the right to appoint any members of the board of directors of Foran.

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

About Fairfax Financial Holdings Limited
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

About Foran Mining Corp.
Foran Mining is a copper-zinc-gold-silver exploration and development company, and we are planning to build the first mine in Canada designed to be carbon neutral from day one. We are in the feasibility stage of development for our flagship McIlvenna Bay project in eastern Saskatchewan. McIlvenna Bay is a copper-zinc-gold-silver rich VMS deposit intended to be the center of a new mining camp in a prolific district that has already been producing for 100 years. McIlvenna Bay sits just 65km from Flin Flon, Manitoba and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225km.

McIlvenna Bay is the largest undeveloped VMS deposit in the region. The Company filed a NI 43-101 Technical Report for the PFS on the McIlvenna Bay Deposit on SEDAR on April 28, 2020.

Foran trades on the TSX.V under the symbol "FOM", and on the OTCQX under the symbol "FMCXF".

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management's current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: about the closing of the Financing (if at all), the use of proceeds of the Financing, the approval of the TSX Venture Exchange relating to the Financing, receipt of any necessary shareholder approval and satisfaction of closing conditions; completion of the feasibility study in a timely manner, and the anticipated capital and operating costs, sustaining costs, net present value, internal rate of return, payback period, process capacity, average annual metal production, average process recoveries, anticipated mining and processing methods, proposed PFS production schedule and metal production profile, anticipated construction period, anticipated mine life, expected recoveries and grades, anticipated production rates, infrastructure, social and environmental impact studies, future financial or operating performance of the Company, subsidiaries and its projects; estimation of mineral resources, exploration results, opportunities for exploration, development and expansion of the McIlvenna Bay Project, its potential mineralization; the future price of metals; the realization of mineral reserve estimates, costs and timing of future exploration, the timing of the development of new deposits; requirements for additional capital; foreign exchange risk; government regulation of mining and exploration operations, environmental risks, reclamation expenses; title disputes or claims; insurance coverage; and regulatory matters. In addition, these statements involve assumptions made with regard to the Company's ability to develop the McIlvenna Bay Project and to achieve the results outlined in the PFS, and the ability to raise capital to fund construction and development of the McIlvenna Bay Project.

These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: risks relating to the Financing, volatility in the trading price of common shares of the Company, risks relating to the ability of the Company to obtain required approvals, complete definitive documentation and complete the Financing on the terms announced; our mineral reserve and resource estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the PFS; success of the Company's projects, including the McIlvenna Bay Project; prices for zinc, copper, gold and silver remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in zinc, copper, gold and silver prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Canada, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.

These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.

SOURCE Foran Mining Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/25/c5887.html

Calgary, Alberta–(Newsfile Corp. – May 25, 2021) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces that, due to market conditions and other various factors, it will not pursue final approval from the TSX Venture Exchange (the "TSXV") in respect of its previously announced disposition of a contractual royalty by way of the issuance of Royalty units (the "Royalty Transaction").

The Company is currently in the midst of evaluating various business opportunities and it will continue to monitor market conditions while considering opportunistic transactions that maximize shareholder value, including a potential reapplication to the TSXV for conditional approval of the Royalty Transaction at a later date.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium deposit using green processing techniques to minimize waste and CO₂ emissions.

Contact Information:

West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco, President and Chief Executive Officer
Telephone: (403) 660-3488 Facsimile: (403) 206-7159
Email: frank@whyresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management 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 information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

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 OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85231

• Field work to commence in June

• Follow-up diamond drill program to commence this summer

• Further testing of new Cu-Au Bench zone to take place

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Mountain Boy Minerals Ltd (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9U) ("Mountain Boy" or the "Company") announces that field work will soon commence on the American Creek Project and will include a fully funded drill program focused on the Company's namesake historic Mountain Boy silver mine.

The American Creek Project is a 2,600-hectare property located 20 kilometres north of Stewart. The project is road accessible and a high voltage transmission line passes 5 km to the south.

Initial fieldwork, set to commence mid-June, is intended to refine follow-up drill targets around the High-Grade zone at the Mountain Boy silver mine.

Drilling last year demonstrated that the shallow structures intersected in drill holes are base metal rich and likely represent one of several mineralizing pulses in the epithermal system. This season's drilling will target steeper cross structures and localized ore shoots and will be guided by additional mapping. A detailed structural mapping and 3D modelling initiative will take place before an initial phase I drill program of up to 1500 metres commences.

In 1999 and 2000, 51.6 tonnes of material were extracted from the High-Grade vein and sent to the Cominco smelter in Trail, BC. The documented grades of 13.6 tonnes of this material is 18.854 kilograms per tonne silver, 1.1% zinc and 2.5 % lead (Assessment Report 29066). The exceptional grades demonstrate why this is still such a compelling target.

The current program will include follow-up and channel sampling on the Wolfmoon zone. Bedrock sample 71545 was taken two-kilometers to the north-northwest of the Wolfmoon zone and returned 1,488 grams per tonne silver, 1.14% lead, 0.54% zinc and 3.05 grams per tonne gold, demonstrating the potential for considerable strike length to this style of mineralization (see February 24, 2021 news release).

The Bench zone will also be examined. Mapping and channel sampling of this zone will attempt to determine whether it is part of the epithermal mineralization or a separate mineralizing event. Last field season, surface samples returned gold and copper values including sample 71681 at 4.8 grams per tonne gold, 4.5% copper, and 32 grams per tonne silver (see February 24, 2021 news release).

About Mountain Boy Minerals

Mountain Boy has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.

1. The flagship American Creek project is centered on the historic Mountain Boy silver mine and is just north of the past producing Red Cliff gold and copper mine (in which the Company holds an interest). The American Creek project is road accessible and 20 km from the deep-water port of Stewart.

2. On the BA property, 178 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway.

3. Surprise Creek is interpreted to be hosted by the same prospective stratigraphy as the BA property and hosts multiple occurrences of silver, gold and base metals.

4. On the Theia project, work by Mountain Boy and previous explorers has outlined a silver bearing mineralized trend 500 meters long, highlighted by a recent grab sample that returned 39 kg per tonne silver (1,100 ounces per ton).

5. Southmore is located in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s, and largely overlooked until Mountain Boy consolidated the property and confirmed the presence of multiple occurrences of gold, copper, lead and zinc.

6. The Telegraph project has a similar geological setting to major gold and copper-gold deposits in the Golden Triangle.

Mountain Boy is funded for the coming field season and plans to advance these projects, including drilling on select project(s).

The technical disclosure in this release has been read and approved by Andrew Wilkins, B.Sc., P.Geo., a qualified person as defined in National Instrument 43-101.

On behalf of the Board of Directors:
Lawrence Roulston
President & CEO

For further information, contact:

Nancy Curry
VP Corporate Development
(604) 220-2971

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.

This news release may contain certain "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84857

VANCOUVER, BC, May 25, 2021 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") is pleased to report that it has commenced its surface diamond drill program at the Revel Ridge Project. The program has been designed to explore the gold-silver-lead-zinc mineralization over an approximate length of seven kilometers of the Revel Ridge Structural Deformation Zone. The initial ~7,000 m first phase will target near surface resource immediately on-strike to both the Main and Yellowjacket Zones, as well as testing several additional high-grade occurrences four to five kilometers north and northwest of the 832 m Level Portal.

John Mirko, President and CEO and Rokmaster, commented: "We are at an exciting juncture as we expand from our very successful underground drill program to drilling from surface. The first phase of our underground drill program strongly confirmed and expanded on the exceptional continuity of the gold rich Main Zone mineralization and the silver-zinc rich Yellowjacket style mineralization. Our geological testing and prospecting team have traced promising surface showings from the 2020 sampling program which identified exposures of gold-silver-lead-zinc mineralization along a seven kilometer strike length, including the Zinc Creek, A&E, and Roseberry Zones. Historical rock and soil geochemical surveys, geological prospecting and limited diamond drill programs all strongly suggest that the probability of expanding both the gold rich Main Zone style mineralization and silver-zinc rich Yellowjacket style mineralization is high."

Final compilation of the assay results from the last nine diamond drillholes of the phase one 2021 underground drill program are currently underway and final results are expected to be available shortly.

The technical information contained in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Mark Rebagliati, P. Eng., FEC, who is independent of Rokmaster.

On behalf of the Board of Directors,

"John Mirko"

John Mirko, President and Chief Executive Officer.

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 news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE Rokmaster Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/25/c9138.html

OTTAWA, May 25, 2021 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN1) (Berlin:GWN1) (OTC:CTNXF) is pleased to announce the following drilling update on its Tandayama-America (TAM) porphyry copper-gold mineralized target located 3km north of the Alpala Deposit¹ at its Cascabel copper-gold porphyry joint venture project in northern Ecuador in which Cornerstone has a 15% interest² financed through to completion of a feasibility study plus 6.86% of the shares of joint venture partner and Project operator SolGold Plc, for a total direct and indirect interest in Cascabel of 20.8%.

Figures referenced in this news release can be viewed through the following link: https://cornerstoneresources.com/site/assets/files/5816/nr21-12figures.pdf.

Highlights

• Drilling at the Tandayama-America Porphyry Copper-Gold target at Cascabel has intersected significant copper and gold mineralization.

• Selected highlights of drill hole assays received from Holes 1 to 7 include:

  • Hole 1: 531m @ 0.30% copper equivalent (CuEq)³ (from 220m), including 272m @ 0.44% CuEq (from 350m)

  • Hole 3: 1,040m @ 0.33% CuEq (from 252m), including 350m @ 0.45% CuEq (from 632m)

  • Hole 5: 426m @ 0.37% CuEq (from 218m), including 342m @ 0.43% CuEq (from 230m)

  • Hole 7: 522m @ 0.38% CuEq (from 230m), including 230m @ 0.44% CuEq (from 276m)

• Assay results from drill holes 8-10 are pending, and drilling of Holes 9 and 10 is continuing.

• Mineralization at TAM forms a northwest trending corridor, occupying an area 750m long x 500m wide extending from surface to a depth of over 1,200m. Further drilling aims at defining the extent mineralization towards the northwest, the southeast and at depth where the mineralization remains open.

• Due to the significance of results achieved thus far at TAM, additional diamond drill rigs are to be mobilized to expedite drilling, ahead of a planned National Instrument 43-101 compliant Maiden Mineral Resource Estimate later in 2021.

SolGold Executive Board Member and ENSA President, Jason Ward, commented on the results at TAM:

“Significant copper and gold mineralization at the TAM target will add to the already impressive metal inventory at Alpala. The recent drilling results at TAM are indicative of a significant prospective resource that appears amenable to bulk surface mining methods. This seems likely to have a major beneficial impact on the development of the Cascabel property as a whole and the further upside of a potentially significant deep target beneath TAM is certainly adding excitement to the growing possibilities at Cascabel.”

* The reader is cautioned that there has been insufficient exploration to define a mineral resource at TAM and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Further Information

The TAM target lies approximately 3km north of the Alpala Deposit, located on the Cascabel concession within Imbabura Province in northern Ecuador. The project area lies approximately 100 km north of the capital city of Quito and approximately 50 km north-northwest of the provincial capital, Ibarra (Figure 1).

Selected highlights of drill hole assays received from Holes 1 to 7 include⁴:

Selected examples of mineralization encountered at TAM to date are provided in Figure 2.

Drilling at TAM continues with three diamond drill rigs and further expansion of the TAM drilling fleet is planned (Figure 3).

Cross sections through the centre of the target are provided in Figure 4.

The intersection of noteworthy porphyry stockwork mineralization encountered in Hole 9 in the deeper portions of the drilling area contains high abundance of B-type quartz-chalcopyrite veining (Figure 5). This intense mineralization hosted within a pre-mineral intrusive breccia host rock suggests that a fluid-rich source intrusion may be intersected through further drilling at depth, and indicates the potential for a deeper bulk underground target that may lie beneath the current drilling area. Further drilling is planned to test for the potential of a deep-rooted porphyry system.

Mineralization at TAM forms a northwest trending corridor, occupying and area 750m long x 500m wide extending from surface to a depth of over 1,200m. The TAM target lies open is several directions:

1. to the northwest and shallow

2. to the southeast from surface to unknown depth, and

3. at depth below the area of current drill testing

The 2021 proposed drilling program focuses on three main factors:

• drilling to define the northwest and southeast limits of mineralization amenable to bulk surface mining methods, and

• drilling to define the depth extent and character of mineralization with potential amenability to bulk underground mining methods, and

• resource infill drilling to increase drill density and geological confidence.

Qualified Person

Information in this report relating to the exploration results is based on data reviewed by Jason Ward ((CP) B.Sc. Geol.), the Chief Geologist of SolGold Plc, the Project operator. Mr. Ward is a Fellow of the Australasian Institute of Mining and Metallurgy, holds the designation FAusIMM (CP), and has in excess of 20 years’ experience in mineral exploration and is a Qualified Person for the purposes of National Instrument 43-101. Mr. Ward consents to the inclusion of the information in the form and context in which it appears.

Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 20.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 6.86% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.

Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact ir@cornerstoneresources.ca, or:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’ Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

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

________________

¹ The Alpala deposit comprises 2,663 Mt at 0.53% CuEq in the Measured plus Indicated categories and contained metal content of 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag. The deposit measures approximately 900m in height and 500m diameter. See “Cascabel Property NI 43-101 Technical Report, Alpala Porphyry Copper-Gold-Silver Deposit – Mineral Resource Estimation, January 2021” with an Effective date: 18 March 2020 and Amended Date: 15 January 2021 (the “Amended Technical Report”), filed at www.Sedar.com on January 29, 2021: https://cornerstoneresources.com/site/assets/files/5574/2101_cascabel_mre3.pdf.

² See “About Cornerstone” below.

³ Copper Equivalent is currently calculated (assuming 100% recovery of copper and gold) using a Gold Conversion Factor of 0.751 (CuEq = Cu + Au x 0.751), calculated from a current nominal copper price of US$3.30/lb and a gold price of US$1,700/oz.

⁴ Significant down-hole drill intercepts are reported using a data aggregation method based on copper equivalent (CuEq) cut-off grades with up to 10m internal dilution, excluding bridging to a single sample and with minimum intersection length of 50m.

True width of down-hole intersections reported are expected to be approximately 35-95% of the down-hole lengths, depending on the attitude of the drill hole.

Primary Target Is 1,800 Metre Long Gold Trend A

MIRAMICHI, New Brunswick, May 25, 2021 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has commenced the 2021 trenching program on its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick. Targets include numerous new gold veins discovered in 2020 and potential extensions associated with gold soil trends A to D.

Targets include three veins: No 2, No 18 and No 22 where the Company reported visible gold in 2020. Grab samples from the No 2 vein ranged up to grading 363.00 g/t and up to 11.30 g/t in vein No 22. Multiple sites of visible gold were supported by assay results grading 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick as reported December 03, 2020. These veins are part of a swarm of gold-bearing veins extending eastward over a strike-length of 1,100 m. This vein system has only been tested intermittently and is open eastward.

The initial trenching targets are gold soil trends A, B, C and D. Trend A is a 150 m wide by of 1,800 m long region of elevated gold ranging from 20 ppb to 206 ppb gold in soils reported on January 19, 2021. Trend B is a 600 m long parallel trend between the high grade Maisie vein and the new gold vein discoveries. Trend C is a 200 m long anomaly ranging from 46 ppb to 102 ppb gold. Trend D is a 700 m long cross-cutting trend. The intersection of gold trends A and D is a priority gold trenching target.

The Menneval Project: The Menneval Gold project is SLAM’s flagship project and the Company intends to focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.

Appalachian Gold Structure Model: The Menneval gold discoveries occur on the flank of a major Appalachian structure known as the Restigouche fault. Most other gold deposits in New Brunswick are associated with similar Appalachian structures such as the Millstream Break, Sawyer Brook and Wheaton Bay faults. Major Appalachian structures are associated with the Valentine, Moosehead, Queensway and many other gold deposits in Newfoundland, with the Haile gold mine in South Carolina and with the Dalradian gold project in Ireland. Other New Brunswick examples supporting this Appalachian gold structure model include gold discoveries by Puma Exploration Inc. (PUMA.V) near the Millstream Break and by Galway Metals Inc. (GWM.V) near the Sawyer Brook fault.

About SLAM Exploration Ltd:

SLAM is a project-generating resource company focused on is its flagship Menneval Gold project where the 2021 trenching program is underway. The Company intends to conduct preliminary prospecting and geochemistry on the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of the Millstream Break in northern New Brunswick. SLAM also expects to conduct preliminary programs on the Jake Lee, Mount Victor and other gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in southern New Brunswick. SLAM owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement. SLAM holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in the BMC.

The Company has generated cash from the sale of securities received from mineral property option agreements with other companies and has sufficient funds for the work currently in progress. The Company has applied for funding assistance up to $100,000 under the New Brunswick Junior Mining Assistance Program in support of a proposed 2021 drilling program. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.

QA-QC Sampling Procedures
The trenching and soil geochemical results referenced above were previously reported as were the QA-QC Sampling Procedures.

Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. 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 release.

CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960 mike@slamexploration.com

Eugene Beukman, CFO
Contact: 604-687-2038 ebeukman@pendergroup.ca

SEDAR: 00012459E

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, May 25, 2021 (GLOBE NEWSWIRE) — Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN) is pleased to announce that the Company has entered into a binding share purchase agreement (the "SPA") with Centaur Resources ("Centaur") to acquire its wholly owned subsidiary, Centaur Resources Holding Pty Ltd, which indirectly owns 100% of the Sal de la Puna lithium brine project ("Sal de la Puna", or the "Project"), covering 11,000 hectares of the Pastos Grandes basin in Argentina. The Company was previously assigned the right to acquire the Project pursuant to a binding memorandum of understanding (the "MOU") with LITH-ARG Acquisition LLC ("LITH-ARG"), as further described in the press release dated March 29, 2021.

The Sal de la Puna Project

The Sal de la Puna Project covers approximately 11,000 hectares of the Pastos Grandes basin located in the Puna region of Salta province at an average elevation of 4,000 metres above sea level. The project hosts a large portion of the Pastos Grandes salar adjacent and south of Millennial Lithium’s (TSX.V:ML) 12,700 hectare Pastos Grandes project and Litica’s Pozuelos-Pastos Grandes project which shares the northern portion of the same salar. Litica is a subsidiary of Latin American leading oil and gas producers PlusPetrol S.A., who acquired LSC Lithium in 2019 giving them ownership of their lithium assets in Argentina. The Sal de la Puna project is also located 50 km north of Lithium X Energy Corp.’s project, which was sold for $265 million in 2018, where Mr. Morales and Mr. Randall were senior executives.

Approximately $22 million has been invested in the property by the current private operators/owners, including approximately $13 million in work completed at Sal de la Puna over the last 5 years. Work included drilling of three wells including a pumping well to around 600 metres below surface, pumping tests, seismic & TEM geophysical surveys. The drilling was carried out on a portion of the Alma Fuerte, one of the nine 100% owned claims.

The SPA

Arena will acquire 100% of the shares on issue in Centaur Resources Holdings Pty Ltd for an approximate aggregate remaining purchase price of USD 14,500,000. The aggregate remaining purchase price takes in consideration a total purchase price of AUD 23,266,341 (approximately USD 17,995,000) (the "Price”) and discounting USD 3,500,000 paid to Centaur by LITH-ARG.

Arena has agreed to advance Centaur an loan of USD 1,000,000, secured by a first ranking charge over Centaur's assets, within 2 business days after the date of the SPA to assist Centaur in delivering the Project on a debt free basis (the "Loan"). The Loan is to be repaid at closing by being credited against the Price.

Closing of the transaction under the SPA is subject to receipt of applicable regulatory approvals, including the approval of the TSX Venture Exchange. It is also subject to, among other things, the shareholders of Centaur voting (by 51% majority) in favour of a resolution to approve the transaction, as well as Arena being satisfied with its ongoing due diligence investigations. Closing of the acquisition of the Project is expected to take place before July 20, 2021, and a further press release will be issued by the Company upon closing.

At closing, the Loan and a deposit of AUD 4,454,791.09 (USD 3,500,000), which was previously paid to Centaur by LITH-ARG, will be credited against the Price. AUD 2,000,000 of the Price will be held in escrow for a period of 12 months after closing to fund the costs of ongoing litigation affecting Centaur Resources PG S.A.S (Sociedad por Acciones Simplificada), being the Argentinian subsidiary entity that owns the Project.

The technical information contained in this news release has been reviewed and approved by William Randall, P.Geo, who is a Qualified Person as defined under NI 43-101. As President and Chief Executive Officer of the Company, Mr. Randall is not considered independent.

About Arena Minerals Inc.

Arena owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery grade lithium products.

Arena also owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile. The projects are at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile's premier copper mining district.

For more information regarding the Company, its management, expertise, and projects, please visit www.arenaminerals.com. An email registration allowing subscribers to directly receive news and updates is also available on the website.

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or Simon Marcotte, Vice-President Corporate Development, at +1-647-801-7273 or smarcotte@arenaminerals.com.

On behalf of the Board of Directors of: Arena Minerals Inc.

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company's properties, the anticipating timing with respect to private placement financings, the ability of the Company to complete private placement financings, results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project in Chile, the Antofalla, Hombre Muerto or Pocitos Projects in Argentina, and the Company's ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause 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. Accordingly, readers should not place undue reliance on forward-looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the "Company") invites individuals, institutional investors, advisors and analysts to attend its real-time, interactive presentation at the Emerging Growth Conference.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210525005320/en/

Lomiko: Materials for a new economy (Graphic: Business Wire)

Lomiko will present at the Emerging Growth Conference on May 26^th, 2021 12 noon EST, 9 am PST, for 30 minutes. Please REGISTER here to ensure you are able to attend the conference and receive any updates that are released. This live interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s CEO A. Paul Gill in real time.

The focus of the presentation will be recent developments in the Battery Materials market, the pending Preliminary Economic Assessment (PEA) at the La Loutre Graphite Project and exploration at the new Bourier lithium project. On Monday May 24^th, 2021 Quebec graphite companies received welcome news that Nouveau Monde (NYSE: NMG) started trading on the New York Stock Exchange, bringing much needed attention to the graphite and lithium developers in Quebec.

Mr. Gill will perform a presentation and may subsequently open the floor for questions. Please ask your questions during the event, and try to get through as many of them as possible.

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com. We will also release a link to that after the event.

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.

The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Its audience includes potentially tens of thousands of individual and Institutional investors, as well as Investment advisors and analysts.

All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

About Lomiko Metals

Lomiko Metals holds a 100% interest in its La Loutre graphite development in southern Quebec. Located 117 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 42 minerals claims totalling 2,509 hectares (25.1km²). Lomiko also optioned The Bourier project consisting of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km²) in a region of Quebec that boasts other lithium deposits and known lithium mineralization, as shown in the maps and table below. The Bourier project is potentially a new lithium field in an established lithium district.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

On Behalf of the Board,

"A. Paul Gill"
Chief Executive Officer

We Seek Safe Harbour. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210525005320/en/

Contacts

Lomiko Metals
A. Paul Gill
604-729-5312
info@lomiko.com

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces a strategic investment in the form of a private placement (the "Placement") of up to 13,000,000 units (the "Units") at a price of $0.30 per Unit (the "Offering") for gross proceeds of up to $3,900,000. Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.45 per share.

The strategic investment comes from Acotango Resources B.V. Group (the "Group"). The Group has extensive knowledge of the European battery market.

Hendrik van Alphen, CEO of Wealth, commented: "This is part of Wealth`s strategy to advance our corporate development for the benefit of shareholders."

Finder's fees may be payable to arm's length parties that have introduced the Company to certain subscribers participating in the Offering. All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the Offering is subject to the approval of the TSX Venture Exchange.

The net proceeds from the Offering are intended for general corporate purposes.

This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company's main focus is the acquisition and development of lithium projects in South America. To date, the Company has positioned itself to work alongside existing producers in the prolific Atacama salar, where the Company has a substantial licenses package.

Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. The Company also maintains and continues to evaluate a portfolio of precious and base metal exploration-stage projects.

For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

On Behalf of the Board of Directors ofWEALTH MINERALS LTD.

"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer

For further information, please contact:

Marla RitchiePhone: 604-331-0096 Ext. 3886 or 604-638-3886E-mail: info@wealthminerals.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, anticipated exploration program results from exploration activities, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves, the closing and amount of the Placement, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in the Placement, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including acceptance by the TSX-V, required for the Placement, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85041

LONDON and VANCOUVER, British Columbia, May 25, 2021 (GLOBE NEWSWIRE) — Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis for the period ending March 31, 2021. The reports will be available under the Company's profile on SEDAR (www.sedar.com) and on the Company's website (https://mkango.ca/investors/financials/).

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

This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "Company") is pleased to announce initial drill results from Rio Tinto Exploration Canada's (RTEC) fourth drill target on Forum's 100% owned Janice Lake copper/silver project in Saskatchewan. RTEC plans to continue its drill program beginning in June to follow up on these results on the Rafuse target.

Assays from the first four holes on the Rafuse target are:

• JANL0022 – No intercept.

• JANL0023 – 0.325% copper and 2.04 g/t silver over 48 metres (19m to 67m) including 1.78% copper and 9.25 g/t silver over 3.15 metres (33m to 36.15m)

• JANL0024 – 0.28% copper and 2.00 g/t silver over 76.5 metres (71.5m to 148m) and 0.20% copper and 1.58 g/t silver over 18 metres (188m to 206m)

• JANL0025 – 0.16% copper and 1.74 g/t silver over 8 metres (21m to 29m)

Ken Wheatley, Forum's Vice President, Exploration stated, "We are encouraged that thick intervals of copper mineralization with a higher grade section of +1% copper have been intersected from surface to a depth of 200 metres. Rio Tinto plans to continue drilling along the remaining one and half kilometres of strike potential at Rafuse this summer. Thick intervals of copper mineralization have now been intersected by drilling for over 5 kilometres on the property on four different targets."

This is RTEC's second drill campaign on the 52 kilometre long Janice Lake property. RTEC drilled 5,209 metres in 21 holes in 2019 on three targets – Jansem, Janice and Kaz. Nine holes for a total of 2,330 metres were drilled in February and March 2021 on the Rafuse target, a 2.8 kilometre long priority target of surface copper mineralization. Three drill fences at 200 metre spacings for a total strike length of 650 metres have been tested (Figure 1). Further results from the remaining five holes are expected in the coming weeks.

Figure 2 is a cross section of the first drill fence which illustrates one copper interval ranging in thickness from 48 metres to 76.5 metres starting from surface to a depth of 150 metres and a second copper interval of 18 metres starting at 200 metres, both of which are open at depth.

Figure 1: Plan Map of the Rafuse Target. Background is from the airborne magnetic survey, with red colours indicating magnetic highs.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4908/85042_62c4ef8d349d8a43_003full.jpg

Figure 2: Cross Section JANL-22 to 25 with interpreted geology.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4908/85042_62c4ef8d349d8a43_004full.jpg

Quality Control/ Quality Assurance

Core samples were sawed in half, keeping the half with the reference line for orientated core in the box. Samples averaged 2 metres in length through the mineralized zone, 4 metres in length in the unmineralized zone, however these lengths varied depending on stratigraphy, alteration or mineralization. Standards were introduced after every 20^th sample, using a high grade, low grade or unmineralized, depending on the surrounding core. Duplicates were also introduced on every 20^th sample, quartering the core. Blanks were used for the first sample of the hole and at the beginning and end of a mineralized interval, using certified rose quartz. A 4-acid digestion was used on the samples at ALS lab in Vancouver, followed by analysis by ICP-MS (the ME-MS61L package).

Ken Wheatley, P.Geo., Forum's VP, Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

CONFERENCE CALL INFORMATION

FORUM will host a conference call after market on May 25^th, 2021 at 1pm PST / 4pm EST with CEO Rick Mazur and VP Exploration Ken Wheatley to go over the drill results and a technical and market overview of the Janice Lake Copper Joint Venture with Rio Tinto.

A question and answer period will follow.

FMC Forum Energy Metals Results Technical Overview Discussions Chat
https://us02web.zoom.us/j/88529136791?pwd=VWVGNFo0QVlQK1U3cEM5bjA1bEVUdz09

Meeting ID: 885 2913 6791
Passcode: 659784
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Participant Dial-In Numbers are available as well (Toll-Free)
Canada (Vancouver) +1 778 907 2071
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+1 929 436 2866 US (New York)
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Meeting ID: 885 2913 6791
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Find your local number: https://us02web.zoom.us/u/kbHn4EswlC

About Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) has three 100% owned energy metal projects being drilled in 2021 by the Company and its major mining company partners Rio Tinto and Orano for copper/silver, uranium and nickel/platinum/palladium in Saskatchewan, Canada's Number One Rated mining province for exploration and development. In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt. For further information: www.forumenergymetals.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Richard J. Mazur, P.Geo.
President & CEO

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.

For further information contact:

NORTH AMERICA

Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 778-772-3100

UNITED KINGDOM

Burns Singh Tennent-Bhohi, Director
burnsstb@forumenergymetals.com
Tel: 074-0316-3185

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85042

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

So, the natural question for Rockhaven Resources (CVE:RK) shareholders is whether they should be concerned by its rate of cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

View our latest analysis for Rockhaven Resources

How Long Is Rockhaven Resources' Cash Runway?

A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. As at March 2021, Rockhaven Resources had cash of CA$4.7m and no debt. Looking at the last year, the company burnt through CA$639k. That means it had a cash runway of about 7.4 years as of March 2021. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. You can see how its cash balance has changed over time in the image below.

How Is Rockhaven Resources' Cash Burn Changing Over Time?

Because Rockhaven Resources isn't currently generating revenue, we consider it an early-stage business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Over the last year its cash burn actually increased by 35%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Rockhaven Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Rockhaven Resources Raise More Cash Easily?

Given its cash burn trajectory, Rockhaven Resources shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Rockhaven Resources' cash burn of CA$639k is about 2.3% of its CA$28m market capitalisation. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.

Is Rockhaven Resources' Cash Burn A Worry?

As you can probably tell by now, we're not too worried about Rockhaven Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. Although its increasing cash burn does give us reason for pause, the other metrics we discussed in this article form a positive picture overall. Looking at all the measures in this article, together, we're not worried about its rate of cash burn; the company seems well on top of its medium-term spending needs. Taking an in-depth view of risks, we've identified 2 warning signs for Rockhaven Resources that you should be aware of before investing.

Of course Rockhaven Resources may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

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.

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) (Santiago: SSVCL) ("Southern Silver" or the "Company") announces that it has entered into an agreement with Red Cloud Securities Inc. (the "Underwriter") to act as sole underwriter and bookrunner for the purchase for resale of 14,000,000 units of the Company (the "Units") at a price of C$0.50 per Unit (the "Unit Price") on a "bought deal" basis under a private placement for gross proceeds of C$7,000,000 (the "Brokered Offering"). Each Unit shall be comprised of one common share in the capital of the Company (each a "Unit Share") and one half of one common transferable share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable into one common share of the Company (each, a "Warrant Share") at a price of C$0.75 at any time on or before the date which is 24 months after the closing date of the Brokered Offering.

In connection with the Brokered Offering, the Company will sell up to 4,000,000 Units at the Unit Price in a non-brokered private placement for additional gross proceeds of up to C$2,000,000 (the "Non-Brokered Private Placement", and collectively with the Brokered Offering, the "Offerings"). The Units sold under the Non-Brokered Private Placement will be identical to those sold under the Brokered Offering. Fort Capital Partners is acting as financial advisor to the Company in relation to the Offerings.

The Units will be offered by way of the "accredited investor" and "minimum amount investment" exemptions under National Instrument 45-106 – Prospectus Exemptions in all the Provinces of Canada. The Units may also be sold in offshore jurisdictions and in the United States to Qualified Institutional Buyers as defined in Rule 144A under the United States Securities Act of 1933, as amended (the "1933 Act"), and to Accredited Investors as defined in Rule 501(a) of Regulation D under the 1933 Act, by way of a private placement basis pursuant to exemptions from the registration requirements of the 1933 Act.

The net proceeds from the Offerings will be used for exploration and advancement of the Company's Cerro Las Minitas silver-lead-zinc project located in Durango State, Mexico and for general working capital purposes. The closing of the Offerings are expected to occur on or about June 14, 2021 and is subject to receipt of all necessary regulatory and other approvals, including the listing of the Unit Shares and Warrant Shares on the TSX Venture Exchange. The Unit Shares, Warrants and Warrant Shares will be subject to a hold period of four months and one day from the date of closing of the Offerings in accordance with applicable Canadian securities laws and may be subject to resale restrictions in the jurisdiction of residents of non-Canadian purchasers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.

On behalf of the Board of Directors

"Lawrence Page"
Lawrence Page, Q.C.
President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

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

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85219

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that it has completed the previously announced diamond drilling program on its 100%-owned Metates project in Mexico (NR4-2021). The Company drilled approximately 2,500 metres of large diameter (PQ) core providing 10 tonnes of material (the "Samples") for metallurgical test work that will focus on the new heap leach processing route.

The Samples are being sent to ALS Laboratories in Zacatecas, Mexico for preparation with the pulps to be assayed in Vancouver. The Company will select drill intercepts for the comprehensive metallurgical testwork program.

The first phase of the metallurgical test program will include 40 test columns to analyze the impacts of size, reagent strengths and ore types to determine the optimum oxidation and precious metal leaching parameters.

2021 Work Program Update

• Heap Leach Economic Study:

M3 Engineering & Technology Corp. ("M3") is working on a scoping level study for the "starter" sulphide heap leach operation focused on the higher-grade intrusive section of the orebody to demonstrate the economic viability of this option as compared to the contemplated autoclave process in the pre-feasibility studies. The preliminary economic study is expected to be released in late Q2 / early Q3.

• Metallurgical Test Results:

The Company expects the Vancouver lab to begin metallurgical testwork in mid-Q3 prioritizing the intrusive portion of the Metates orebody. Results of the testwork will be released on an ongoing basis with first results expected in Q4.

Chesapeake's Chief Executive Officer, Mr. Alan Pangbourne, commented, "I am pleased to report on the drilling update and would like to thank the Chesapeake team for completing the program safely and ahead of schedule with excellent core recoveries. Together with M3, we are progressing according to plan and look forward to updating shareholders in the coming months on the above milestones and other significant events."

About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with over 18 million ounces of gold and over 500 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at www.chesapeakegold.com or contact Randy Reifel or Alan Pangbourne at invest@chesapeakegold.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 news release.

Forward-Looking Statements

This news release contains "forward-looking information." Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the successful integration of the Alderley transaction, the successful application of the Technology to the Metates project, general business, economic, competitive, political and social uncertainties; the actual results of exploration activities; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry, and political instability. 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 statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.

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Target ultramafic intrusion intercepted in first three holes to date, 100 metres down dip of 2020 drilling

VANCOUVER, British Columbia, May 25, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on the exploration program underway at ValOre’s 100%-owned Pedra Branca Platinum Group Element (“PGE”) Project in northeastern Brazil.

“Our 2021 exploration program at Pedra Branca is now in full swing with three drills, property-wide Trado^®, and extensive prospecting accelerating the target pipeline,” stated ValOre’s VP of Exploration, Colin Smith. “The inaugural drill holes at Trapia 1 look highly encouraging, with the anticipated first batch of assay results expected in early June, and a steady receipt of results continuing throughout our 8,000-metre program.”

Pedra Branca 2021 Exploration Program Highlights:

• Fully funded and permitted 8,000 metre (“m”) drill program has started:

  • 2,000 m to be drilled in 34 holes in the Reverse Circulation drilling (“RC”) program

  • 6,000 m to be drilled in 42 holes in the diamond drilling (“DD”, “core drilling”) program

  • An estimated 4,000 drill samples to be submitted for assay;

• Pre-drilling Trado^® auger drilling continues property-wide:

  • 226 m drilled in 75 auger holes testing 4 target areas

  • 233 samples submitted for assay;

• Additional trenching has been completed at the Santo Amaro South target:

  • 136 m in two trenches (98 m and 38 m)

  • 12 m of prospective ultramafic (“UM”) or ultramafic-derived rock transected in each trench, with 115 samples submitted for assay;

• Extensive geological mapping conducted at the Santo Amaro, Trapia and Cana Brava target areas:

  • 1,552 geological mapping points at 8 property-wide target areas

  • 139 rock selected grab samples submitted for assay;

2021 Drill Program

ValOre’s 2021 drill program is now fully underway with two core rigs and one RC rig mobilized to the Trapia 1 target area. The primary focus of this year’s program is resource expansion and pre-resource target advancement, with at least nine property-wide targets selected for drilling. CLICK HERE for more information regarding the 2021 exploration program at Pedra Branca, and CLICK HERE for Figure 1, showing a regional map of 2021 drill targets.

2021 drilling at Trapia 1 has intercepted the target ultramafic intrusion in the first three diamond drill holes drilled to date, including a 75.70 m interval from 134.95 m hole depth (~117 m vertical) in DD21TU21. Two separate chromitite reef horizons were observed within the sequence, indicating a strong potential for high-grade PGE mineralization. This hole is stepped out 100 m down-dip to the east from 2020 drill hole DD20TU12, which graded 100.42 m at 0.76 g/t 2PGE+Au from 93.15 m. Core logging and sampling is in progress.

Drill hole DD21TU22 stepped out 100 m down-dip to the east from 2020 drill hole DD20TU20, which graded 76.74 m at 1.25 g/t 2PGE+Au from 176.81 m, including 30.55 m at 2.33 g/t 2PGE+Au from 223.00 m. The target UM intrusion was intercepted for 73.10 m in DD21TU22, from 172.80 m hole depth (~149 m vertical), with three separate chromitite reef horizons encountered within the UM package, including a 1.25 m reef at 201.60 (~174 m vertical). Core logging and sampling is in progress.

Drill hole DD21TU23 stepped out 100 m down-dip to the east from 2020 drill hole DD20TU13, which graded 61.85 m at 0.81 g/t 2PGE+Au from 217.15, including 2.45 m at 9.42 g/t 2PGE+Au from 221.20 m. The target UM has been intersected in hole DD21TU23 at 207.00 m depth (~179 m vertical), and drilling is ongoing at ~240 m, still within the mineralized UM sequence. Two chromitite reef horizons have been intersected within the first 30 m of the UM intrusion.

2021 RC drilling is testing for extensions of mineralization along strike at Trapia 1 and the up-dip extension of mineralization west of 2020 drilling. RC drill hole RC21TU04 was collared 170 m along strike to the west-southwest from the nearest historical resource drillhole and intercepted the target intrusion from 42 m hole depth (36 m vertical). The hole was lost at 78 m depth within the UM sequence, which remains open in all directions. The RC chips have been logged, sampled, and submitted for assay to SGS Vespasiano, Minas Gerais.

2021 Trado^® Auger Program

ValOre continues to utilize the Trado^® auger drill to test and advance property-wide exploration targets at Pedra Branca. To date this year, 226 m have been drilled in 75 holes at 4 target areas, with 233 samples submitted for assay. CLICK HERE for news release dated March 23, 2021 and CLICK HERE for news release dated April 26, 2021, for highlights of the 2021 Trado^® auger program.

2021 Trenching Program

Two additional trenches at the Santo Amaro South target area have been completed to test for continuity of PGE mineralization between 2021 trenches TRSAS01 (20 m grading 1.06 g/t 2PGE+Au) and TRSAS03 (77 m grading 0.20 g/t 2PGE+Au) along 400 m of prospective geological strike length. CLICK HERE for news release dated March 23, 2021 for a summary of the Q1 2021 trenching results at Santo Amaro South.

Trench TR21SAS04, situated 260 m north of TR21SAS03, was 98 m in length and intercepted 12 m of UM/UMD rock. 30 m to the west-southwest, the 38 m long TR21SAS05 intercepted 12 m of UM/UMD rock. 115 total samples have been submitted for assay.

Qualified Person (QP)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre’s QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.

In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE Project comprises 39 exploration licenses covering a total area of 39,987 hectares (98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U₃O₈, totaling 43.3 million pounds U₃O₈. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release dated March 1, 2013.

ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about, ValOre Metals Corp. or this news release, please visit our website at valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com.

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca

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.

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.