TSX Venture Exchange: NEV

VANCOUVER, BC, Sept. 9, 2021 /CNW/ – Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has executed a definitive water rights purchase and sale agreement (the "Agreement") with Cypress Development Corp. of Vancouver, BC, Canada (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) ("Cypress") for the sale to Cypress of its water rights ("the Permit") in Clayton Valley, Nevada (the "Transaction"). The Transaction represents a major milestone for Cypress' Clayton Valley Lithium Project, near Silver Peak, Nevada and provides an opportunity for Nevada Sunrise to share in future success gained by Cypress' efforts to develop a new lithium mine in Esmeralda County.

Terms of the Agreement

The purchase price for the Permit is US$3.0 million to be paid in a combination of cash and Cypress' common shares (see Nevada Sunrise news release dated May 10, 2021). The purchase price includes an initial non-refundable cash payment of US$150,000 (paid), and a final payment of US$2.85 million on receipt of all necessary approvals and transfer of the Permit to Cypress (the "Closing Payment"). The Closing Payment comprises US$2.0 million in cash and the issuance of Cypress' common shares to the value of US$850,000 (the "Share Issuance").

The Agreement is subject to terms and conditions customary for a transaction of this nature, including TSX Venture Exchange approval of the Share Issuance. Nevada Sunrise and Cypress are now working towards receiving necessary approvals from the State of Nevada, including the extension of time required for the Permit, the receipt of which is projected to occur during the fourth quarter of 2021.

Net proceeds received by the Company from the Transaction upon closing will be used to retire legal liabilities totaling approximately US$500,000 incurred during the water rights litigation from 2016 to 2019 (see Nevada Sunrise news releases dated May 16, 2016 and September 30, 2019), and payment of the balance owing to the underlying vendor of the water rights of approximately US$800,000 (see Nevada Sunrise news release dated March 21, 2016).

About the Water Rights

Nevada Sunrise, through its Nevada subsidiary company, Intor Resources Corporation ("Intor"), acquired Nevada water Permit 44411 from an underlying vendor in 2016. The Permit allows for the beneficial use of 1,770 acre/feet of water for mining, milling and domestic use per year. This amount represents the largest volume of permitted water available in Clayton Valley, which is a fully-appropriated hydrogeographic basin. With the exception of a single limited use permit, the Nevada Division of Water Resources has maintained that no new water is available within the Clayton Valley basin for appropriation. Nevada Sunrise has successfully defended the validity of the Permit in recent years, including negotiating a 2019 settlement agreement with Albemarle Corporation.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA.

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover where an extensive exploration program, including drilling and ground geophysics, concluded in late November 2020. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au ¹.

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located within the Clayton Valley basin near Silver Peak, Nevada, and water permit 86863, located in the Lida Valley basin, near Lida, Nevada.

_{FORWARD LOOKING STATEMENTS}

All statements in this release, other than statements of historical fact, are "forward-looking information" with respect to Nevada Sunrise Gold Corporation ("Nevada Sunrise") within the meaning of applicable Canadian securities laws, including statements that address the potential sale of the Company's water rights, and the potential for future development of a lithium resource and mineral production by Cypress. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Nevada Sunrise to differ materially from those anticipated in such forward-looking information.

Such factors include, among others, risks related to the potential sale of the Company's water rights, reliance on technical information provided by third parties on the Company's water rights or on Cypress' Clayton Valley lithium project, including access to historical information on exploration, current exploration and development activities; changes in Cypress' project parameters as its plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of the Transaction, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Nine Months Ended June 30, 2021, which is available under Company's SEDAR profile at www.sedar.com.

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Forward-looking statements are made as of the date hereof and accordingly are subject to change after such date. Except as otherwise indicated by Nevada Sunrise, these statements do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Nevada Sunrise does not undertake to update any forward-looking statements that are included in this document, 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 TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release. The Securities of Nevada Sunrise Gold Corporation 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 the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/09/c5799.html

Vancouver, British Columbia–(Newsfile Corp. – September 8, 2021) – Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTC PINK: OPWEF) is mobilizing a crew to undertake a Gold Grain In Till Sampling program on all its Newfoundland projects. The company's inaugural gold grain in till sampling program, an important step to determine the number of gold grains in the glacial till in order to help locate the potential source of gold on the properties, will take place on the Chapel Island, Density, Eclipse, Mass, and Lil d'Espoir Lake claims.

For more information, please view the InvestmentPitch Media "video" which provides additional information on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Opawica" in the search box.

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The shape of the gold grains provide insight as to how nearby the source may be. Typically, the higher the concentration of gold grains and the larger the till anomaly, the higher the potential for a gold deposit of potential economic significance. Previous work has identified areas where gold grains in till are associated with the Valentine Lake Shear Zone and the Red Indian Line shear zones which are projected to cross Opawica's claims.

The Opawica 100% owned project areas cover more than 217 square kilometres along and between the Red Indian Line and the Valentine Lake shear zone where the company's prospective holdings extend for more than 50 kilometres along the Central gold belt, a northeast-trending structural zone extending across Newfoundland.

Newfoundland has long been known to have many gold occurrences with relatively little modern exploration. Historical production from the Hope Brook, Nugget Pond and Point Rousse projects have been typical of the province's mines with relatively modest production from high-grade deposits. The largest known gold resource along this corridor occurs at Marathon Gold Corp.'s Valentine Lake property.

Blake Morgan, President and CEO, stated: "I am very pleased to be providing this update on our Newfoundland gold projects. We anticipate an extremely busy next few months for our Opawica exploration team and are excited to continue this momentum through to our drill campaign and beyond."

The company also has a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The company's three 100% owned Quebec properties are on the east-west trending Cadillac-Larder Lake Break zone.

The shares are currently trading at $0.40. For more information, please visit the company's website at www.opawica.com, contact Blake Morgan, President and CEO, at 604-681-3170 or by email at ir@opwaica.com.

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bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95845

TORONTO, September 07, 2021–(BUSINESS WIRE)–Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") is pleased to announce that it has entered into a binding letter agreement (the "Letter Agreement") with Gold Resource Corporation ("GORO") (NYSE American: GORO) setting out certain key terms of a proposed acquisition by GORO of all the issued and outstanding common shares of Aquila by way of a plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction").

Pursuant to the Transaction, which is subject to the entering into of a definitive arrangement agreement (the "Arrangement Agreement"), GORO will acquire all the issued and outstanding Aquila shares for 0.0399 of a GORO share per Aquila share (the "Exchange Ratio"). Based upon the 20-day volume-weighted average price ("VWAP") of GORO’s shares on the NYSE American stock exchange on September 3, 2021, being the last trading day prior to the date of the Letter Agreement, the Exchange Ratio represents a 29% premium to the 20-day VWAP of Aquila’s shares on the Toronto Stock Exchange as of such date. The Exchange Ratio represents consideration of C$0.09 per Aquila share (the "Per Share Price"), reflecting a premium of 12.5%, based upon the closing prices of the Aquila shares and the GORO shares on September 3, 2021. The Per Share Price implies an aggregate acquisition price for 100% of the outstanding Aquila shares of approximately C$30.9 million.

Upon closing of the Transaction, the existing GORO and Aquila shareholders will own approximately 85.1% and 14.9%, respectively, of the combined company on a fully diluted basis.

Strategic Rationale for the Transaction

Barry Hildred, Executive Chair, commented, "We believe strongly that this Transaction provides substantial immediate and long-term benefits to Aquila shareholders. The business combination with GORO, a proven operator of a cash flowing mine in the Americas, materially de-risks the financing and development of the Back Forty Project. The Transaction also allows our shareholders to maintain exposure to the value that is created as Back Forty advances towards production."

Guy Le Bel, President & CEO, added, "We share Allen’s vision for the combined company which, as a growth-oriented, multi-jurisdictional, diversified precious and base metal producer, will be well-positioned to create value for all shareholders."

Commenting on the entering into of the Letter Agreement, Allen Palmiere, President and Chief Executive Officer of GORO, said: "This proposed business combination offers an attractive opportunity to the shareholders of both GORO and Aquila. By combining our complementary assets, we will enhance our mineral inventory and add jurisdictional diversification to our project portfolio. The combined company will become a new intermediate gold producer following the commencement of production at Aquila’s Back Forty Project, and its shareholders can look forward to the potential of a company that is expected to benefit from a peer leading growth profile, underpinned by a healthy balance sheet and strong cash flow capable of supporting the development of the Back Forty Project. We look forward to entering into the Arrangement Agreement with Aquila and successfully completing the Transaction."

Further details of the benefits of the Transaction to Aquila and GORO shareholders include the following:

• Immediate and Significant Premium to Aquila Shareholders. Based on the 20-day VWAPs of the GORO shares and the Aquila shares, the Transaction offers an immediate and significant premium to Aquila’s shareholders of 29%.

• Enhanced Market Presence and Re-Rating Potential. GORO currently benefits from inclusion in the VanEck Junior Gold Miners ETF (the "GDXJ") and from an average daily trading volume of approximately 1 million shares, trailing three months. The Transaction is intended to result in the Back Forty Project being placed into production on a more accelerated basis, funded by cash flow generation, thus elevating the combined company to intermediate producer status. Following the completion of the Transaction, GORO is expected to continue to be included in the GDXJ and to benefit from an enhanced capital markets profile in the United States and Canada, as well as increased trading liquidity and broadened appeal to global index, resource, and generalist investors. This offers the potential for a re-rating to a multiple more in line with other intermediate gold producers.

• Enhanced Project and Jurisdictional Diversification. Each of GORO and Aquila is currently a single-asset, single-jurisdiction company. Through the Transaction, GORO and Aquila shareholders will have the opportunity to participate in the ongoing growth of a multi-jurisdictional, diversified precious and base metal producer with exposure to gold, silver, zinc, copper and lead through GORO’s producing Don David Gold Mine in Oaxaca, Mexico and Aquila’s Back Forty Project in Menominee County, Michigan. It is anticipated that Aquila’s previously announced sale of its Bend and Reef exploration properties will be completed prior to the completion of the Transaction.

• Growth Profile and Financial Strength of Combined Company. The combined company is expected to benefit from a peer leading growth profile, a robust balance sheet with no debt and cash of US$30.2 million at June 30, 2021, free cash flow generation from its Don David Gold Mine and the synergies that generally accrue from scale in the areas of general and administrative expenses, from less duplication of salaries, wages and other public company expenses, improved concentrate sales and marketing and supply chain efficiencies.

• Materially De-Risks the Financing and Development of the Back Forty Project for Aquila Shareholders. Benefitting from the free cash flow generated by the Don David Gold Mine, Aquila shareholders will not be diluted by a near-term equity financing that would otherwise be required to advance the Back Forty Project through the final stages of permitting and engineering. GORO is supportive of Aquila’s project development plans including continuing working towards an optimized Feasibility Study. The combined Company’s position of financial strength is also expected to result in an improved ability to access required additional financing to fund the Back Forty Project’s construction capital expenditures.

• All-Stock Transaction Enables Aquila Shareholders to Maintain Upside Exposure. Through their ownership in the combined company, Aquila shareholders will maintain exposure to the value that is expected to be unlocked as the Back Forty Project is advanced towards construction and production. Despite being a proven gold producer, GORO currently trades at only approximately 2.5 times free cash flow from operations. Aquila shareholders will participate in the anticipated re-rating of GORO from a one mine company in Mexico to a two-mine company with jurisdictional diversification.

• Experienced Management Team. The combined company will benefit from GORO’s and Aquila’s technical and operational teams’ expertise in polymetallic open pit and underground mines. The GORO executive team has a demonstrated record of success in developing and operating mining projects in the Americas.

• Demonstrated Consistent Dividend History. Post-Transaction, GORO intends to continue to pay dividends in accordance with its past practice. GORO has made consistent dividend payments to its investors for more than ten years.

Support for the Transaction from Key Aquila Stakeholders

Aquila’s largest shareholder, Orion Mine Finance ("Orion"), which holds 28.6% of the issued and outstanding Aquila shares, has confirmed to GORO that it is supportive of the Transaction. Subject to its review of the proposed Arrangement Agreement, Orion has indicated its intention to enter into a voting support agreement in favor of the Transaction, on terms to be agreed between GORO and Orion, contemporaneously with the execution of the Arrangement Agreement. The Letter Agreement also provides for the delivery of voting support agreements by each of Aquila’s directors and officers at such time (together with the aforementioned Orion agreement, the "Support Agreements").

Osisko Bermuda Limited, a wholly-owned subsidiary of Osisko Gold Royalties and which is a party to gold and silver stream agreements with Aquila relating to the Back Forty Project, has also confirmed that it considers GORO to be an approved purchaser under those agreements, and that it is supportive of the proposed Transaction.

Board Approvals

The Letter Agreement has been unanimously approved by the boards of directors of both GORO and Aquila. The Aquila board’s approval of the Letter Agreement was based in part on the unanimous recommendation of a special committee of independent directors of Aquila which was appointed to consider the Transaction.

Arrangement Agreement and Transaction Approvals

The Letter Agreement provides for a period of up to 45 days of exclusive negotiations by Aquila with GORO (the "Exclusivity Period") with a view to entering into a mutually acceptable Arrangement Agreement, and provides that the Arrangement Agreement will reflect the Exchange Ratio and other economic terms set out in the Letter Agreement. The Arrangement Agreement will contain customary representations and warranties, covenants, closing conditions and deal protection mechanisms for a transaction of this nature, including a break fee payable by Aquila to GORO equal to 4.0% of the total Transaction value in the event of termination of the Arrangement Agreement under certain circumstances.

The entering into of the Arrangement Agreement is subject to certain conditions set out in the Letter Agreement, including (i) the satisfaction of each of GORO and Aquila with its respective ongoing due diligence investigations, (ii) the receipt by Aquila’s board of directors of an opinion that the consideration proposed to be received by the Aquila shareholders pursuant to the Transaction is fair, from a financial point of view, to the Aquila shareholders, (iii) the approval of the Arrangement Agreement by the boards of directors of each of GORO and Aquila, and (iv) the entering into of the Support Agreements and certain other arrangements with third parties under certain of Aquila’s material contracts on a basis acceptable to GORO. The Letter Agreement also provides that if the Arrangement Agreement is not entered into, Aquila or GORO will reimburse the other party for certain of its expenses incurred in connection with the proposed Transaction depending on the circumstances.

The Transaction will require the approval of at least 66⅔% of the votes cast in person or by proxy at a special meeting of Aquila shareholders. The Transaction is also subject to Ontario court approval and the receipt of applicable regulatory approvals. The parties anticipate that the Aquila special shareholder meeting and the closing of the Transaction will take place in the fourth quarter of 2021. The Transaction will not require the approval of GORO’s shareholders.

Advisors

Goodmans LLP is Aquila’s Canadian legal advisor and Scotiabank is Aquila’s financial advisor.

Conference Call and Live Webcast

Management of GORO will host a conference call and live webcast at 10:00 a.m. Toronto time / 8:00 a.m. Denver time on September 8, 2021 to discuss the Transaction. Please use the following information to access the call and/or webcast:

There are two ways to join the conference call.

To join the conference via webcast, please click on the following link:
https://www.webcaster4.com/Webcast/Page/2361/42777.

To join the call via telephone please use one of the following dial-in details:
Participant Numbers:
Toll Free: 844-602-0380
International: 862-298-0970

Replay Number: Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 42777

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

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.

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.

ABOUT GOLD RESOURCE CORPORATION
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the company’s focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GORO’s website, located at www.goldresourcecorp.com and read the company’s Form 10-K for an understanding of the risk factors associated with its business.

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". In particular, this news release contains forward-looking information pertaining to the following: statements regarding the proposed Transaction (including with respect to the satisfaction of conditions to the entering into of the Arrangement Agreement, the terms and conditions of the Arrangement Agreement and Support Agreements, and the receipt of shareholder, court and regulatory approvals for the Transaction); the potential strategic benefits of the Transaction and expectations regarding the combined company (including its growth profile and resource profile, the development of the Back Forty Project, cash flow generation from the Don David Gold Mine, and its market presence and re-rating potential and expectations regarding the payment of dividends); and timing expectations for all of the foregoing. 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: the ability of the Company and GORO to negotiate the Arrangement Agreement and the satisfaction of the conditions precedent to the execution of the Arrangement Agreement (including the satisfaction of each of GORO and Aquila with their respective due diligence investigations, the approval of the Arrangement Agreement by the boards of directors of each of GORO and Aquila, and the execution of the Support Agreements); the satisfaction of all conditions precedent to closing the Transaction (including the obtaining of all shareholder, court, and regulatory approvals); inherent risks of mining exploration, development and production operations; economic factors affecting the Company and/or GORO; the integration of the businesses of the Company and GORO; political conditions and the regulatory environment in the United States and Mexico; and the scope, duration, and impact of the COVID-19 pandemic on the Company and GORO as well as the scope, duration and impact of government action aimed at mitigating the 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/20210907005878/en/

Contacts

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

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

TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to announce the appointment of Rachel Goldman to the Board of Directors (the “Board”).

Ms. Goldman brings 20 years of experience in institutional sales, mining company financings and corporate transactions during her career while at several Canadian brokerage firms where she developed an extensive list of investor and mining company relationships. In February 2020, she was appointed to the role of Chief Executive Officer and Director of Paramount Gold Nevada Corp (NYSE American: PZG).

Chair of the Board, Paul Martin, said, “We are extremely pleased to have Ms. Goldman join our Board. Her appointment expands the skills matrix of the overall Board bringing additional strength in the areas of finance, corporate strategy and marketing.”

The Company also announces that Dr. Robert Dodds has resigned from the Board of Directors. Dr. Dodds’ history with the Company dates back to his time as President & Chief Executive Officer and Director of Augustine Ventures Inc., which merged with the Company in February 2017.

“On behalf of the entire Board, we would like to thank Dr. Dodds for his years of service to the Company and look forward to his continued support,” said Chair of the Board Paul Martin.

About Red Pine Exploration Inc.

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

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size.

The Company’s Chair of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining and Detour Gold. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

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

Or contact:

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

Or

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

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

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

Results Pending from Two Additional Prospects on the Tarabala Trend

Figure 1:

Drilling locations and significant intercepts from recent drilling (red text) and earlier drilling (white text).

Figure 2:

Property map showing the location of prospects mentioned in this release.

TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) reports the results of the latest drilling at the Massala West prospect on the Tarabala Trend and provides an update of planned drilled on the Company’s Sikasso Property in Southern Mali (Figure 2).

Highlights

• Latest AC drilling at Massala West confirms gold mineralization over 3 km along the Tarabala Trend (“Tarabala”)

  • Highest-grade drill interval: 1 m @ 12.94 g/t Au (from 25 m; SAAC221)

  • Widest mineralized zone: 9 m @ 1.01 g/t Au (from 22 m; SAAC256)

• Initial deeper RC drilling on the Central Zone at Massala West indicates the mineralization continues to depth

  • Highest-grade drill interval: 3 m @ 1.56 g/t Au (from 46 m; SAAC221)

  • Widest mineralized zone: 5 m @ 0.59 g/t Au (from 45 m; SARC008)

• Preparing to initiate approximately 4,000 m of deeper RC drilling (>100 m) at the Massala West and Tarabala prospects (Figure 1) when the rains stop in late October

• 1,400 m of air core (AC) drilling is also planned at the new Tarabala South target

• Drilling results are pending from the Southern and Extension zones at Massala West, and the newly identified Dalaba prospect.

Compass CEO, Larry Phillips, said, “Our latest drilling on the Tarabala Trend has uncovered shallow gold mineralization with promising grades over 3 km at Massala West. The higher-grade and wide mineralization revealed during preliminary RC drilling on the Central Zone indicates the mineralization may be enhanced at depth, so we’re preparing to conduct additional deeper drilling to test the full depth potential of the gold-bearing veins. We are also awaiting the assay results of previous drilling that could extend the mineralization northwards by 500 m, as well as for the results from drilling a fault 750 m west at Dalaba that is coincident with anomalous soil geochemistry.”

He added, “As we continue towards our goal of discovering a gold deposit with the commercial size and grade potential to become a mine, these latest near surface results are very encouraging. With these in hand, our Malian exploration team will be ready to begin preparing the drilling pads for our next phase of drilling at the Massala West and Tarabala prospects as soon as ground conditions improve in October. An additional 1,400 m program of shallow AC drilling is also planned over the Tarabala South prospect, located 500 m south of our Tarabala prospect.”

Massala West Drilling Results

Previously reported drilling results from Massala West (see Compass news releases dated March 16, and May 18, 2021) indicated a 1.8 km zone of shallow mineralization associated with the north-south trending Tarabala fault. The initial drilling was on 200 m fence spacings and the results were reassuring: 24 m @ 2.35 g/t Au (SAAC123); and 21 m @ 0.86 g/t Au (from 1 m; SAAC189) including 6 m @ 1.67 g/t Au.

The current drilling program comprised 68 AC holes (4,042 m) that were designed to infill the known mineralization, extending the structure 1.4 km to the north, and to test a splay fault 750 m to the west at Dalaba (Figure 1). The assay results from 23-holes (1,349 m) at Dalaba and the northern extension are pending. Highlights of the latest drilling were 9 m @ 1.01 g/t Au (from 22 m), 8 m @ 0.71 g/t Au (from 38 m) including 1 m @ 3.16 g/t Au, and 1 m @ 12.94 g/t Au (from 25 m). All fences intercepted the target structure and contained varying degrees of gold mineralization at shallow levels (Table 1).

Figure 1: Drilling locations and significant intercepts from recent drilling (red text) and earlier drilling (white text).
https://www.globenewswire.com/NewsRoom/AttachmentNg/01f0521d-68d5-4506-bae4-91dc22f3b56a

A 10-hole (1,056 m) RC program was also planned to drill a series of deep holes (100 – 160 m) to test the gold-bearing structure at depth. Owing to the higher-than-expected water table, the holes were only drilled to shallow depths (77 – 125 m) and so may not have tested the primary mineralization. Assay results have only been received for five holes (SARC006-SAARC10) from the Central Zone. The widest interval was a low-grade zone of 26 m @0.32 g/t Au (from 24 m; SARC008) containing six discrete higher-grade zones, with the best interval being 5 m @ 0.59 g/t. Drill hole SARC010 was drilled two hundred metres to the south and intercepted 23 m @ 0.44 g/t Au (from 43 m), and comprised three discrete mineralized intervals, with the best interval containing 6 m @ 1.02 g/t Au (from 46 m). Both intercepts are still considered shallow and have not adequately tested the depth potential of the structure.

Table 1. Mineralized intervals greater than 3 m or greater than 0.5 g/t Au identified during recent drilling at Massala West.

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

Next Steps

The encouraging results achieved from this last phase of work strongly support the need for deeper drilling at Massala West. Over the 3.5-km strike length gold grades and intercepts widths are variable, which is consistent with the style of mineralization Compass are investigating. A similar variation will also be present at depth, so it is important that drilling into fresh bedrock at depths greater than 50 m takes place, in zones where wider intercepts or higher gold grades have been identified. The central zone (Figure 1) contains wide, near surface intercepts and is, therefore, a priority for RC drilling.

If the pending assay results for the southern zone and the northern extension are also positive, then Compass has earmarked approximately 2,000 m of deeper RC on this 3 km portion of the Tarabala Trend.

A total of 3,000 m of RC and diamond drilling will take place over a distance of 1 km at the Tarabala prospect, where drilling in February 2021 recorded wide intercepts of gold mineralization, e.g., 25 m @ 0.58 g/t Au (from 67 m). Drilling pad preparation is underway and will be completed in time for the anticipated start of drilling after the rainy season.

An initial program of AC drilling (1,400 m) is also planned at the new Tarabala South target. Drilling is scheduled to take place here in December.

Figure 2: Property map showing the location of prospects mentioned in this release.
https://www.globenewswire.com/NewsRoom/AttachmentNg/afd02bfe-8e49-428e-a09b-c9ced61204e2

Technical Details

Air core and reverse circulation holes from Massala West reported here were drilled on an azimuth of 270° (towards the west), at dips of 55. AC hole lengths were all 60 m, with the exception of one hole that was 53, and RC holes varied from 86 m to 125 m. The drill fences were designed to test structures interpreted from Gradient IP surveying, and potential mineralized trends identified by Compass’s earlier drilling. Drilling was performed by Etasi and Co. Drilling (Mali). All samples were prepared by Compass staff and an appropriate number of standards, duplicates and blanks were submitted and analysed for gold at SGS (Bamako, Mali) by fire assay.

About Compass Gold Corp.

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

QAQC

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

Qualified Person

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

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

For further information please contact:

Website: www.compassgoldcorp.com

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

DENVER, CO / ACCESSWIRE / September 7, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") considers the health and safety of its workers and host communities a fundamental priority of the Company's operations. We have started to bring employees back to the mine site over the past several days, each of whom were required to quarantine for three days and then tested for COVID-19. Of the 332 brought back, 329 tested negative for COVID-19 and were allowed to access the operations. We are cautiously optimistic that the advice we are following from our medical staff and an epidemiologist, to reduce the movement of people coming to the mine site from the local communities and the region, is meeting our goals of minimizing the further spread of infection amongst our workforce and the local communities and lessening the extreme strain on our accommodations.

Alberto Reyes, Chief Operating Officer, "Our operations team has risen to the challenge of trying to keep everyone healthy and safe during the pandemic. Our employees and contractors have taken to the isolation process well and our medical staff note that they are content with our progress to date."

Employees and contractors will be staying in the camp for periods longer than the usual rotation to create a bubble. Testing frequency has increased with stricter procedures governing operational activities. We are commencing the processes to restart production from the mine, build up a run-of-mine stockpile, restart the processing plant and return to 2021 budgeted throughput rates of 1,500 tonnes per day in the next several weeks.

Ground support challenges in the first half of 2021 coupled with the temporary ramp down during late August and early September will affect our overall production results; accordingly, we are providing an update to our 2021 annual guidance:

(1) Calculations of cash cost per after by-product credits per gold equivalent ounce and all-in sustaining cost after by-product credits per gold equivalent ounce are non-GAAP financial measures. Please see the Non-GAAP Measures section of the Management's Discussion and Analysis and Results of Operations in the Quarterly Report for the period ended June 30, 2021 reported on Form 10Q for a complete reconciliation of the non-GAAP measures.

(2) Co-product credits are based on approximately 7,200 tonnes of lead sold at an $0.90 per pound metal price (originally 8,000 tonnes of lead sold at $0.80 per pound), approximately 1,500 tonnes of copper sold at a $4.00 per pound metal price (originally 1,800 tonnes of copper sold at $2.80 per pound) and 16,000 tonnes of zinc sold at a $1.25 per pound metal price (originally 21,000 tonnes of zinc sold at $1.04 per pound).

Cautionary Statements:

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

For further information please contact:

Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/662919/Gold-Resource-Corporations-Don-David-Gold-Mine-Begins-Process-of-Ramping-up-Activities-Updates-2021-Guidance

VANCOUVER, BC / ACCESSWIRE / September 7, 2021 / Mawson Gold Limited ("Mawson") or (the "Company") (TSX:MAW) (Frankfurt:MXR) (OTC PINK:MWSNF) is pleased to announce the appointment of Mr. Ivan Fairhall as the Company's Chief Executive Officer ("CEO"), effective immediately. Mr. Michael Hudson, who has served as the Company's CEO since March 2004, will continue to serve as a director and the Company's Executive Chairman.

Key Points:

• Ivan Fairhall, an engineer and mine finance professional has been appointed as Mawson's CEO;

• Michael Hudson, who has served as the Company's founding CEO since March 2004, will continue to serve as a director and as the Company's Executive Chairman;

• Increasing the skill base of company is reflective of the transition of Mawson's Finnish assets from exploration to pre-development;

• The Company also announces the commencement of an internal corporate strategic review to identify, examine and consider opportunities related to its Australian assets in order to enhance shareholder value.

The appointment of Mr. Fairhall reflects the need for the Company to add additional mine development expertise, as its projects in Finland transition from advanced exploration to pre-development. Mr. Fairhall brings substantial operating, finance and capital markets experience to the role. The Board of Mawson would like to thank Mr. Hudson for his exceptional service as CEO since co-founding the Company in 2004, and look forward to his on-going leadership as Executive Chairman.

Mr. Michael Hudson, Executive Chairman, states: " We are delighted to have Ivan join Mawson's team. I have worked with Ivan at various points over the last 10 years and know he is very well placed to lead Mawson as the Company pivots towards the dual focus of resource expansion and pre-development in Finland. At the same time, we will soon outline the opportunities that exist for our Australian exploration assets via our strategic review. I truly look forward to working closely with Ivan as we embark on the next stage of the Company's growth."

Mr. Fairhall, CEO, states: "I'm very pleased to be joining Mawson and leading the company through its most exciting stage yet. Rajapalot is growing rapidly with gold contained in resources up over 47% and grades up 19% in less than 12 months, and I believe Mawson has only just scratched the surface of what is clearly emerging as a gold camp of scale. Notwithstanding this huge growth potential, with over 1m oz AuEq now in resources, Rajapalot is now of a scale that justifies necessary work to chart its course to be a mine. I look forward to working with the board and management to unpack the multiple value opportunities for our shareholders."

Mr. Fairhall is a mechanical engineer and mine finance professional with over 15 years of mining industry experience. He has worked in design, construction and commissioning roles, and has considerable experience managing pre-development studies across the commodity and geographic spectrum. Since 2014, he has been with Greenstone Resources, a private equity fund with almost US$500m under management based in London. Greenstone's strategy is to invest in development stage companies with robust projects that can be funded through to production standalone. As Senior Investment Manager, Ivan was integral in sourcing, executing and managing a portfolio of Greenstone's investments, which included Northern Vertex (TSXV:NEE), a 50koz gold producer in USA – for which he was also a non-executive director up until its merger with Eclipse Mining in 2021. Mr. Fairhall holds a B.Eng (Hons, Mech) and a B.Bus, and is a Chartered Engineer with the Institute of Mechanical Engineers.

Concurrently, given the advancement of the Company's Finnish assets, and recent gold discoveries made in Australia by the Company, Mawson has commenced an internal corporate strategic review to identify, examine and consider opportunities related to its Australian assets in order to enhance shareholder value. Results from the review will be announced towards the end of Q3 2021.

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

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

Mawson's flagship is the 100%-owned Rajapalot gold-cobalt project, located just south of the Arctic Circle in Finnish Lapland. At Rajapalot the Company has made a significant greenfield discovery and on 26 August 2021 published an updated Inferred Mineral Resource. The updated resource estimation was completed by Eemeli Rantala, AFRY – P.Geo, Ville-Matti Seppä, AFRY – EurGeol of Finland and Craig Brown, Mining Associates Pty Ltd – FAusIMM of Australia. All authors are independent "qualified persons" as defined by NI 43-101. The NI 43-101 technical report is entitled "Mineral Resource Estimate NI 43-101 Technical Report – Rajapalot Property" and is available under Mawson's profile on SEDAR at www.sedar.com and on Mawson's website at www.mawsongold.com

The August 2021 base case open pit and underground constrained Inferred Mineral Resource was estimated at 10,907,000 tonnes @ 2.5 g/t gold ("Au"), 443 ppm cobalt ("Co"), which equates to 3.0 g/t gold equivalent ("AuEq") for 887,000 ounces ("oz") Au or 1,041,980 oz AuEq. The AuEq value was calculated using the following formula: AuEq g/t = Au g/t + (Co ppm/1005) and using a gold price of US$1,590 per ounce and a cobalt price of US$23.07/lb. Mineral Resources are stated at a 0.3 g/t AuEq open pit cut-off and 1.1 g/t AuEq underground cut-off from five block models comprising 8 prospects.

The 2021 base case resource increases gold grade by 19% (AuEq grade by 12%) and contained gold ounces by 47% (contained gold equivalent ounces by 35%) as compared to the previous Rajapalot resource estimation published on September 14, 2020 .

Qualified Person

The Qualified Person, Dr Nick Cook, Mawson's Chief Geologist, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

On behalf of the Board,
"Michael Hudson"
Executive Chairman

Further Information
www.mawsongold.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316, info@mawsongold.com

Forward-Looking Statement

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

SOURCE: Mawson Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/662877/Mawson-Names-Ivan-Fairhall-as-New-Chief-Executive-Officer

TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce the appointment of Mr. Ashwath Mehra as a Director of the Company.

“On behalf of the Board of Directors, I would like to welcome Ashwath to the Collective team,” stated Ari Sussman, Executive Chairman. “Ashwath is a proven executive with robust skills that will complement our board and we look forward to his guidance in discovering the next major mineral deposit in Colombia.”

Mr. Mehra is a seasoned executive with 35 years of global experience in the minerals industry. Mr. Mehra is an economist by training and received his BSc (Econ) in Economics and Philosophy from the London School of Economics. He is the CEO of the ASTOR Group, a private investment and advisory business, working in the fields of mining, technology, biotech and real estate. He spent many years in the commodity trading and mining business as well as owning, buying and selling companies. He is a director of several companies, both public and private in both executive and non-executive roles. He also devotes significant time to non-profit activities in the fields of education and healthcare. Most recently, Mr. Mehra was Executive Chairman of GT Gold, a company he founded and sold to Newmont Corporation generating a significant return to GT Gold shareholders.

“I am delighted to join the Collective mining team. The prospectivity of the Cauca gold belt combined with the proven success of the team working in Caldas, a mining-friendly region, makes this an extremely interesting proposition. I look forward to this endeavor and helping the Company generate outstanding returns for all stakeholders,” commented Ashwath Mehra.

The appointment is effective immediately. Mr. Mehra will be nominated for election at the Company’s next Annual General Meeting.

Options Granted to New Appointee

In connection with the Board appointment, the Company has issued 200,000 stock options at an exercise price of $2.90 per option, and valid for a period of five years from the date of grant. The options vest in four equal tranches with one-quarter vesting every six months from the date of grant.

About Collective Mining Ltd.

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

For further information, please contact:

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

FORWARD-LOOKING STATEMENTS

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

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

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

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling short, can easily find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Fresnillo (LON:FRES). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital – but unlike such a sponge they do not always produce something when squeezed.

See our latest analysis for Fresnillo

Fresnillo's Earnings Per Share Are Growing.

As one of my mentors once told me, share price follows earnings per share (EPS). It's no surprise, then, that I like to invest in companies with EPS growth. Fresnillo managed to grow EPS by 8.3% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.

I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). Fresnillo shareholders can take confidence from the fact that EBIT margins are up from 16% to 35%, and revenue is growing. Ticking those two boxes is a good sign of growth, in my book.

You can take a look at the company's revenue and earnings growth trend, in the chart below. For finer detail, click on the image.

You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for Fresnillo's future profits.

Are Fresnillo Insiders Aligned With All Shareholders?

I always like to check up on CEO compensation, because I think that reasonable pay levels, around or below the median, can be a sign that shareholder interests are well considered. For companies with market capitalizations between US$4.0b and US$12b, like Fresnillo, the median CEO pay is around US$2.2m.

The Fresnillo CEO received total compensation of just US$939k in the year to . That looks like modest pay to me, and may hint at a certain respect for the interests of shareholders. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of a culture of integrity, in a broader sense.

Does Fresnillo Deserve A Spot On Your Watchlist?

One important encouraging feature of Fresnillo is that it is growing profits. Not only that, but the CEO is paid quite reasonably, which makes me feel more trusting of the board of directors. So I do think the stock deserves further research, if not instant addition to your watchlist. It is worth noting though that we have found 2 warning signs for Fresnillo (1 shouldn't be ignored!) that you need to take into consideration.

Of course, you can do well (sometimes) buying stocks that are not growing earnings and do not have insiders buying shares. But as a growth investor I always like to check out companies that do have those features. You can access a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

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

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

Readers hoping to buy Endeavour Mining plc (TSE:EDV) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Accordingly, Endeavour Mining investors that purchase the stock on or after the 9th of September will not receive the dividend, which will be paid on the 28th of September.

The company's next dividend payment will be US$0.28 per share, and in the last 12 months, the company paid a total of US$0.56 per share. Calculating the last year's worth of payments shows that Endeavour Mining has a trailing yield of 2.3% on the current share price of CA$30.92. If you buy this business for its dividend, you should have an idea of whether Endeavour Mining's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Endeavour Mining

Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. That's why it's good to see Endeavour Mining paying out a modest 38% of its earnings. A useful secondary check can be to evaluate whether Endeavour Mining generated enough free cash flow to afford its dividend. Luckily it paid out just 8.9% of its free cash flow last year.

It's positive to see that Endeavour Mining's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.

Click here to see the company's payout ratio, plus analyst estimates of its future dividends.

Have Earnings And Dividends Been Growing?

Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. It's encouraging to see Endeavour Mining has grown its earnings rapidly, up 39% a year for the past five years. Earnings per share have been growing very quickly, and the company is paying out a relatively low percentage of its profit and cash flow. Companies with growing earnings and low payout ratios are often the best long-term dividend stocks, as the company can both grow its earnings and increase the percentage of earnings that it pays out, essentially multiplying the dividend.

Given that Endeavour Mining has only been paying a dividend for a year, there's not much of a past history to draw insight from.

Final Takeaway

Is Endeavour Mining an attractive dividend stock, or better left on the shelf? We love that Endeavour Mining is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. These characteristics suggest the company is reinvesting in growing its business, while the conservative payout ratio also implies a reduced risk of the dividend being cut in the future. There's a lot to like about Endeavour Mining, and we would prioritise taking a closer look at it.

So while Endeavour Mining looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. Our analysis shows 2 warning signs for Endeavour Mining that we strongly recommend you have a look at before investing in the company.

A common investment mistake is buying the first interesting stock you see. Here you can find a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.

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

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

By buying an index fund, you can roughly match the market return with ease. But if you pick the right individual stocks, you could make more than that. For example, Endeavour Mining plc (TSE:EDV) shareholders have seen the share price rise 59% over three years, well in excess of the market return (21%, not including dividends).

On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.

Check out our latest analysis for Endeavour Mining

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace…' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Endeavour Mining became profitable within the last three years. So we would expect a higher share price over the period.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on Endeavour Mining's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Endeavour Mining, it has a TSR of 61% for the last 3 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!

A Different Perspective

Endeavour Mining shareholders are down 14% for the year (even including dividends), but the market itself is up 31%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 5% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Endeavour Mining is showing 2 warning signs in our investment analysis , and 1 of those shouldn't be ignored…

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

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

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

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

Vancouver, British Columbia–(Newsfile Corp. – September 2, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report initial assay results for "SP", a new target located midway along the CESAR North 80-kilometre-long belt, in line with the four previous discoveries the URU, CONEJO, AMN and AMS zones, within the wholly-owned CESAR project in North Eastern Colombia (refer to Figures 1 and 2).

Table 1. Rock sample results of 1.0% copper and above.

Presently, the SP target spans over 1.6-kilometres and is open in all directions. The reconnaissance composite grab sampling over 25-metres averaging 4.8% copper and 51 g/t silver is considered very significant, as is indicates the presence of a higher copper and silver grades within each 25-metre interval. This first pass sampling program is to be followed up with trenching and detailed chip channel sampling.

"In 2021 alone, Max's in-country team have now identified three new copper-silver discoveries spanning along the CESAR North 80-kilometre-long belt, showing the importance of identifying the extent of the copper-silver rich mineralization," commented Max CEO, Brett Matich.

"In addition to these new results, Max looks forward to reporting continued results from the CONEJO and URU zones located along the CESAR North 80-kilometre-long copper-silver belt," he continued.

"World demand for copper continues to increase because it is the key metal for the green revolution's move to electric vehicles, solar, wind and clean power grid infrastructure. Combined with copper's declining reserve base, new discoveries of copper are essential to replace depleting reserves. The potential district-size of the CESAR discoveries positions Max to take advantage of the copper shortfalls," he concluded.

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

Kupferschiefer, the world's largest silver producer and Europe's largest copper source, is a mining orebody of 0.5 to 5.5-metres thick at depths of 500-metres, grading 1.49% copper and 48.6 g/t silver. The silver yield is almost twice the production of the world's second largest silver mine.

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

Figure 1. SP copper-silver rich mineralization (876502)

To view an enhanced version of Figure 1, please visit:
https://www.maxresource.com/images/gallery/MXR_News_35.jpg

Figure 2. SP mineralized rock samples (876130 and 876233)

To view an enhanced version of Figure 2, please visit:
https://www.maxresource.com/images/gallery/MXR_News_36.jpg

QUALITY ASSURANCE

All CESAR rock chip samples are shipped to ALS Lab's sample preparation facility in Medellin, Columbia. Sample pulps are then sent to Lima, Peru, for analysis. All samples are analyzed using ALS procedure ME-MS41, a four-acid digestion with inductively coupled plasma finished. Over-limit copper and silver are determined by ALS procedure OG-62, a four-acid digestion with an atomic absorption spectroscopy finish. ALS Labs is independent from Max.

Max uses standard chip and channel sampling where possible, but also relies on composite grab sampling. Max considers composite grab samples to be representative but cautions investors that individual grab samples can be selective and may not be representative of continuous mineralization at CESAR.

QUALIFIED PERSON

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

CESAR COPPER-SILVER PROJECT IN COLOMBIA – OVERVIEW

CESAR lies along the copper-silver rich 200-kilometre-long Cesar Basin in northeastern Colombia. This region enjoys major infrastructure resulting from oil & gas and mining operations, including Cerrejon, the largest coal mine in Latin America, now held by global miner Glencore (refer to Figure 3).

Figure 3. CESAR Project location.

To view an enhanced version of Figure 3, please visit:
https://www.maxresource.com/images/gallery/MXR_News_37.jpg

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

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

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

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

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

• CESAR North 80-kilomtre-long-copper-silver zone:

  • In 2020, Max discovered both the copper-silver rich AMS (previously named AM South) zone and the AMN (previously named AM North) zone 40-km north, collectively spanning over 45-km², highlight values of 0.1 to 34.4% copper and 5 to 305 g/t silver over intervals ranging 0.1 to 25.0-metres;

  • In March 2021, Max's announced the CONEJO discovery, now spanning 3.2-km by 1.6-km and open in all directions. CONEJO returned values greater than 5.0% copper from 23 rock panels varying from 5.0m by 5.0m to 1.0m by 1.0m, 66 rock panel samples returned values over 1.0% copper (March 24, 2021 NR):

    • 12.5% copper + 84 g/t silver over 5.0-metre by 5.0-metre

    • 10.5% copper + 50 g/t silver over 3.0-metre by 2.0-metre

    • 10.4% copper + 95 g/t silver over 5.0-metre by 5.0-metre

    • 10.2% copper + 62 g/t silver over 5.0-metre by 5.0-metre

    • 10.0% copper + 80 g/t silver over 5.0-metre by 5.0-metre

    • 8.7% copper + 89 g/t silver over 5.0-metre by 5.0-metre

    • 8.4% copper + 60 g/t silver over 5.0-metre by 5.0-metre

    • 7.9% copper + 21 g/t silver over 5.0-metre by 5.0-metre

    • 7.7% copper + 84 g/t silver over 5.0-metre by 5.0-metre

    • 7.4% copper + 47 g/t silver over 5.0-metre by 5.0-metre

  • The 2021 URU discovery is located 30-km south of CONEJO, now expanded to 12-km² and open in all directions. URU appears to have major-scale potential; Thirteen rock samples over widths ranging from 10 to 25-metres returned values of 2.0% copper and above, thirty-seven returned values greater than 1.0% copper, with highlight values of 5.7 % copper and 37 g/t silver:

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

    • 3.9% copper and 7 g/t silver over widths of 10-metres

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

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

    • 3.0% copper and 37 g/t silver over widths of 10-metres

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

  • Exploration continues on the CONEJO and URU zones;

  • In addition, Max has initiated the process of mineral claim approvals and drill permitting;

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

ABOUT MAX RESOURCE CORP.

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

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

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

For additional information contact:

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95288

Figure 1

2021 Drill Holes Completed

Figure 2

Newly Discovered Sadowski Gold Zone

Figure 3

Drill Holes at Extension of Surluga Resource

TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report new and notable results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Minto Vein 30 metres down-dip of the current boundary of the Minto Mine Deposit inferred resource.

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

• Intersection in SD-21-298A of 109.37 g/t gold (un-cut) over 2.68 metres true width (TW) in the Minto Vein, including 314 g/t gold over 0.84 metres (TW) and 26.93 g/t gold over 0.95 metre (TW), 30 metres away from the current boundary of the resource.

• Extension of high-grade gold mineralization in SD-21-298A in the newly identified Sadowski Gold Zone with the intersection of 24.8 g/t gold over 1.15 metres core length (CL).

• Visible gold has been observed in 3 different veins in the Jubilee Shear Zone in SD-21-298A (results pending).

“The confirmation that high-grade gold mineralization extends down-dip of the current resource of the Minto Mine deposit is a significant development for the Wawa Gold Project. With the overlapping relationship between the Minto Mine and the Jubilee Shear Zones, we have two exploration targets that are testing concurrently with the same drill hole. Additionally, the extension of high-grade gold mineralization in the Sadowski Gold Zone continues to show that the property has significant greenfield exploration potential.

Red Pine has two active drill rigs on-site that are concurrently testing the Surluga deposit to the North and South, and the Minto Mine Deposit. A third drill is on site waiting for a crew with which the Company will test some of the greenfield targets near the historic Darwin Grace mine.” – Quentin Yarie, President and CEO.

Figure 1- 2021 Drill Holes Completed
https://www.globenewswire.com/NewsRoom/AttachmentNg/0caa57e0-82fe-4774-9a37-caa4b88f153c

Diamond Drilling

As part of its on-going 2021 exploration drilling program, Red Pine is testing the northern and southern depth extensions of the Surluga Deposit and the Minto Mine South Deposit. One drill rig is active at the northern end of the Surluga Deposit and one drill rig is active at the southern end of the Surluga Deposit. The southern drill is also testing the Minto Mine South Deposit.

At the southern end of the Surluga Deposit, in holes SD-21-296A, 297A and 298A, the Jubilee Shear Zone was successfully intersected up to 400 metres away from the current boundary of the Surluga Deposit resource. Results in the Jubilee Shear Zone for holes SD-21-296A and 297A have been released, whereas those for 298A remain pending (bottom half of hole 298A). Visible gold has been observed in 3 different veins in the Jubilee Shear Zone in SD-21-298A.

Drilling at the southern end of the Surluga Deposit also resulted in the discovery of the down-dip extension of the Minto Vein in the Minto Mine Shear Zone in SD-21-297A, and to the discovery of significant mineralization in the Minto Vein in SD-21-298A. Additional drilling is necessary to define the size and extent of this new zone of high-grade gold mineralization in the Minto Vein.

Hole SD-21-298A also continues to expand the potential of the newly discovered Sadowski Gold Zone, a new near-surface high-grade zone of mineralization (Figure 2). The Sadowski Gold Zone is formed by a network of quartz veins variably transposed in superimposed shearing.

At the northern end of the Surluga Deposit, drilling indicated that the Jubilee Shear Zone extends down-dip of the current limit of diamond drilling in the area. In hole SD-21-301 (assay results pending), visible gold has been observed in two quartz veins in two separate domains of the Jubilee Shear Zone.

Table 1 – Significant Drilling Intersections from the 2021 Drilling Program

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

Figure 2- Newly Discovered Sadowski Gold Zone
https://www.globenewswire.com/NewsRoom/AttachmentNg/b49f259a-76a4-4ed2-ae49-34c8c6268d88

Table 2 – Coordinates of the Reported Holes

Figure 3- Drill Holes at Extension of Surluga Resource
https://www.globenewswire.com/NewsRoom/AttachmentNg/df346c8d-0188-4f05-8b62-e3c2e9d0697e

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

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

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

Qualified Person

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

COVID-19 Precautions

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

About Red Pine Exploration Inc.

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

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

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

Or contact:

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

Or

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

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

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

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

Harmony Gold Mining Company Limited HMY posted adjusted earnings of 60 cents per share for fiscal 2021 (ended Jun 30, 2021) against a loss of 10 cents recorded in the year-ago period.

Harmony Gold Mining Company Limited Price, Consensus and EPS Surprise

Harmony Gold Mining Company Limited price-consensus-eps-surprise-chart | Harmony Gold Mining Company Limited Quote

Revenues and Costs

In fiscal 2021, revenues increased 45.2% to $2,710 million from $1,867 million registered a year ago. Average gold prices received during the period rose roughly 18% year over year to $1,719 per ounce (oz).

Gold production was around 1.54 million oz for the fiscal, up around 26% year over year.

Cash operating costs per oz declined 10% to $1,213. All-in-sustaining costs (AISC) declined 13% year over year to $1,460 per oz.

Financial Overview

As of Jun 30, 2021, cash and cash equivalents declined from $367 in the year-ago period to $198 million. Cash flow from operating activities surged 99% year over year to $597 million in fiscal 2021.

Net debt was $38 million at the end of fiscal 2021, down around 52% year over year.

Outlook

Harmony Gold plans to produce 1.55-1.63 million oz of gold in fiscal 2022. The company also expects an all-in sustaining cost between R765,000/kg-R800,000/kg. Underground recovered grade is forecast in the range of 5.40-5.57g/t.

Price Performance

Shares of Harmony have declined 37.3% in the past year compared with 28.2% fall of the industry.

Image Source: Zacks Investment Research

Zacks Rank & Key Picks

Harmony currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, Dow Inc. DOW and Cabot Corporation CBT.

Nucor has a projected earnings growth rate of around 494% for the current year. The company’s shares have soared 147.7% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Dow has an expected earnings growth rate of around 403.01% for the current year. The company’s shares have gained 27.8% in the past year. It currently holds a Zacks Rank #2 (Buy).

Cabot has an expected earnings growth rate of around 138.5% for the current fiscal. The company’s shares have rallied 39% in the past year. It currently carries a Zacks Rank #2.

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Nucor Corporation (NUE) : Free Stock Analysis Report

Dow Inc. (DOW) : Free Stock Analysis Report

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Zacks Investment Research

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

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

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

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

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

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

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

QA-QC Protocols

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

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

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

Golddigger Property

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

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

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

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

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

Qualified Person

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

About Goliath Resources Limited

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

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

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

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

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

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

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

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

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

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

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

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

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

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

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

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

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

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

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

CLIFF SHOWING – TABLE 1 DRILL CORE TABLE

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

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

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

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

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

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

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

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

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

QA-QC Protocols

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

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

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

Golddigger Property

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

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

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

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

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

Qualified Person

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

About Goliath Resources Limited

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

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

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

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

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

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

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

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

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

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

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

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

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

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

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

Life Cycle Test Results

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

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

Figure 1: CR2016 LiB Battery Construction

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

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

Figure 3: Santa Cruz Irreversible Capacity Loss Results

About South Star Battery Metals Corp.

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

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

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

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

For additional information, please contact:

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

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

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

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

CAUTIONARY STATEMENT

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

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

Forward-Looking Information

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

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/south-star-battery-metals-announces-successful-production-of-lib-battery-grade-anode-materials-and-positive-initial-cycle-testing-results-for-the-santa-cruz-graphite-project-301364736.html

SOURCE South Star Mining Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2021/30/c1959.html

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

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

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

The Arrangement

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

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

Reasons and Benefits of the Arrangement

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

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

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

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

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

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

• improved trading liquidity and enhanced capital markets profile; and

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

Upcoming Special Meeting

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

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

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

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

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

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

About New Carolin

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

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"
President and CEO

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

Caution concerning forward-looking information

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

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

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

• Merger of Galaxy and Orocobre Implemented

The announcement can be viewed at:

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

SOURCE Galaxy Resources Limited

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

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

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

Key Points:

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

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

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

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

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

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

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

• Growth potential remains strong:

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

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

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

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

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

Resource Methodology

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

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

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

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

The optimization process was conducted considering three scenarios:

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

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

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

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

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

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

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

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

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

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

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

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

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

About the Rajapalot Project

Diamond Drilling

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

Geology

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

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

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

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

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

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

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

Metallurgy

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

Strategic Cobalt

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

ESG

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

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

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

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

Technical Background

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

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

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

Forward-Looking Statement

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

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

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

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

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

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

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

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

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

SOURCE: Mawson Gold Limited

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

Figure 1

War Eagle Showing with 2020 and 2021 Prospecting Results

Figure 2

War Eagle Channel Sampling Results

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

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

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

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

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

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

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

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

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

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

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

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

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

Surface Exploration

War Eagle Claims

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

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

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

Darwin-Grace Mine and Nyman Vein area

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

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

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

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

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

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

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

Qualified Person

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

COVID-19 Precautions

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

About Red Pine Exploration Inc.

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

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

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

Or contact:

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

Or

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

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

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

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

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

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

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

2018 DRILL PROGRAM HIGHLIGHTS

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

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

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

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

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

About Plato Gold Corp.

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

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

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

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

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

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

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

For further information, please contact:

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

Forward-Looking Statements

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

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

Update Summary of 2021 Exploration Program

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

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

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

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

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

Drilling Update:

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

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

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

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

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

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

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

Ongoing Exploration

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

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

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

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

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

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

QUALIFIED PERSONS REVIEW

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

COVID-19 UPDATE

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

ABOUT KLONDIKE GOLD CORP.

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

ON BEHALF OF KLONDIKE GOLD CORP.

"Peter Tallman"

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

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

Disclaimer for Forward-Looking Information

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

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

SOURCE: Klondike Gold Corp.

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

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

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

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

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

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

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

Bearing Lithium’s Chairman Gil Playford commented:

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

About Bearing Lithium Corp.

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

ON BEHALF OF THE BOARD

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

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

Cautionary Statements Regarding Forward Looking Information

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

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

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

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

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

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

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

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

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

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

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

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

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

CBSZ

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

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

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

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

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

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

Qualified Person

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

About Northern Superior Resources Inc.

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

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

For Further Information

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

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

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

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

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

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

SOURCE: Northern Superior Resources Inc.

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

Highlights:

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

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

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

A-Zone Summary:

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

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

McLeod Zone Summary:

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

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

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

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

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

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

Qualified Person

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

About LAURION

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

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

Caution Regarding Forward-Looking Information

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

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

SOURCE Laurion Mineral Exploration Inc.

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

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

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

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

ABOUT MAX RESOURCE CORP.

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

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

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

For additional information contact:

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

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

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

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

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

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

The agreement terms include:

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

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

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

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

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

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

About Red Pine Exploration Inc.

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

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

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

Or contact:

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

Or

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

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

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

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

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

About Plato Gold Corp.

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

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

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

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

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

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

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

For further information, please contact:

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

Forward-Looking Statements

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