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Ready Set Gold Sets Date for Annual General and Special Meeting

Ready Set Gold Corp. (CSE: RDY) (FSE: 0MZ) (OTC Pink: RDYFF) ("Ready Set Gold" or the "Company") today announced that it will hold an annual and special general meeting of shareholders on October 12, 2021 (the "AGM"), at which normal-course annual meeting matters will be discussed as well as matters raised in a purported dissident requisition (the "Requisition") made pursuant to the Business Corporations Act (British Columbia) by CBLT Inc., which the Company believes may be controlled or directed by Peter M. Clausi (the "Dissident").

The board of directors of the Company (the "RSG Board") believes that it would be in the best interests of the Company to mitigate the significant costs and expenses of a contested meeting of shareholders so close to the time at which the incumbent directors would stand for election or re-election, as the case may be, in the normal course, and so the RSG Board has determined that holding the Company's annual meeting earlier than usual, together with considering the matters raised in the Requisition, would be in the best interests of the Company and would also allow the newly elected directors at the AGM to enjoy a full mandate from shareholders for the ensuing year.

The RSG Board has attempted constructive engagement with the Dissident to hear out its concerns and to consider the qualifications of the Dissident's candidates for inclusion on the RSG Board, however the Dissident has recently ceased its engagement with the Company. The Company welcomes constructive engagement with its shareholders generally and, while the RSG Board would prefer not to engage in a hostile and lengthy proxy contest, the RSG Board is committed to protecting the best interests of the Company in accordance with its fiduciary obligations.

The record date for the Meeting is September 3, 2021 and the AGM will be held at 333 Terminal Avenue, Suite 220, Vancouver, British Columbia, V6A 4C1. Shareholders of the Company will receive detailed information about the AGM in a management information circular (and, as applicable, the Company expects the Dissident may prepare and send a dissident's circular in respect of same) in advance of the AGM. Shareholders should read the Company's meeting materials carefully before reaching a decision with regard to their votes. In the meantime, there is no need for shareholders to take any action.

About Ready Set Gold Corporation

Ready Set Gold Corp. is a precious metals exploration company listed on the Canadian Securities Exchange under symbol RDY and the Boerse Frankfurt Exchange as 0MZ. The Company has consolidated and now owns a 100% interest in the Northshore Gold Project, located in the Schreiber-Hemlo Greenstone Belt near Thunder Bay, Ontario which is prospective for gold and silver mineralization. The Company also owns a 100% interest in two separate claim blocks totaling 4,453 hectares known as the Hemlo Eastern Flanks Project. The Company also holds an option to acquire a 100% undivided interest in a continuous claim block totaling 1,634 hectares comprising the Emmons Peak Project located 50 km south of Dryden, Ontario that is near the Treasury Metals Goliath and Goldlund advanced gold development projects.

On Behalf of the Board of Directors,

Ready Set Gold Corp.

"Christian Scovenna"

Chief Executive Officer & Director

Email: info@readysetgoldcorp.com
CEO Direct Line: +1 (416) 453-4708

For further information please contact:
Investor Relations
Sean Kingsley - Vice President, Corporate Communications
Email: skingsley@readysetgoldcorp.com
Tel: +1 (604) 440-8474

www.readysetgoldcorp.com

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

Cautionary Statement Regarding Forward-Looking Information

This news release may contain certain "forward-looking information". Forward-looking information included in this news release include statements regarding the AGM and the timing thereof and matters to be acted upon thereat. Forward-looking information is based upon the assumptions and estimates considered reasonable by management of the Company, in light of its experience and knowledge of current trends and opportunities. Forward-looking information involves known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Risks that may cause the forward looking information contained herein to be materially different from the future results, performance or achievements expressed or implied by the forward-looking information contained herein include, but are not limited to, risks that the AGM may result in a change of management, risks that the AGM may be delayed, adjourned or postponed by reason of the ongoing COVID-19 pandemic or otherwise, and other risks attendant to contested meetings of shareholders, including potentially litigation risks. As a result, readers are cautioned not to place undue reliance on any forward-looking information. Any statement containing forward-looking information speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89464

News Provided by Newsfile via QuoteMedia

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Ready Set Gold

Ready Set Gold

Overview

Ready Set Gold Corp. (CSE:RDY) is a Canadian gold exploration company that operates within mining-friendly and safe jurisdictions in Ontario. Ready Set Gold is currently pursuing high-grade gold projects within the province’s greenstone belts. Ready Set Gold’s fully owned Northshore project has a National Instrument 43-101 resource that indicates a total of 1.2 million ounces of gold. The Property is 771 contiguous hectares and comprises 229 hectares of patented claims and 542 hectares of unpatented claims. The Northshore property is located within the prolific Hemlo-Schreiber greenstone belt, approximately 5 kilometers south of the town of Schreiber, Ontario. In 2019 alone, Ontario produced 73,733 kilograms of gold.

The Northshore property is located 70 kilometers west of Barrick Gold’s (TSX:ABX,NYSE:GOLD) world-class Hemlo deposit, which has produced 21 million ounces of the precious metal. Northshore’s other neighbors include several established gold mines, such as Alamos Gold’s (TSX:AGI,NYSE:AGI) Island gold mine and Wesdome Gold Mines’ (TSX:WDO) Eagle River mine. Ready Set Gold aims to follow in the footsteps of these companies by targeting high-grade mineralization in the surrounding area.

The company owns two other projects located within major Ontario greenstone belts. Similar to the company’s Northshore property, the Hemlo Eastern Flanks and Emmons Peak projects benefit from exceptional infrastructure, abundant local services and exceptional access via provincial highways. The Hemlo Eastern Flanks property is 100-percent-owned and includes 4,456 hectares of highly prospective areas within the prolific Hemlo Gold District. The Emmons Peak property is part of a large greenstone bet that hosts more than 1 million ounces of gold deposits.

The management team at Ready Set Gold is led by seasoned mining professionals with extensive technical and capital markets expertise. Collectively, they have raised upwards of US$1 billion and delivered a number of successful exits for shareholders. Christian Scovenna, the CEO and director of Ready Set Gold, is a successful C-Suite executive with more than 13 years of capital market experience. Craig Fitchett, the senior geologist, offers more than a decade of experience in gold exploration, having held high-level positions at Wallbridge Mining (TSX:WM) and Detour Gold (TSX:DGC).

Ready Set Gold’s Company Highlights

  • Ready Set Gold is focusing on significant exploration upside at its 100 percent owned Northshore gold project
  • High-grade results at Northshore include 12.49 g/t gold over 33.2 m and 4.35 g/t over 14.6 m at the Afric Zone, highlighting the potential for resource expansion and development
  • The Northshore property is located within the Hemlo-Schreiber greenstone belt, one of the world’s most prolific greenstone belts
  • The company’s projects are hosted in the mining-friendly province of Ontario, which ranked second among all Canadian provinces in terms of mining attractiveness
  • Ready Set Gold’s pipeline of projects offers exploration upside
  • The properties are easily accessible via the Trans-Canada Highway and are directly linked through roadways, promoting access to local services
  • The company’s management team offers decades of industry experience, including an extensive track record of success
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