Base Metals

PAN GLOBAL ANNOUNCES YEAR-END FINANCIAL RESULTS AND OPERATIONAL SUMMARY

PAN GLOBAL ANNOUNCES YEAR-END FINANCIAL RESULTS AND OPERATIONAL SUMMARY

TSXV: PGZ      OTCQB: PGZFF

  • More than 16,600 meters of drilling on 10 targets at the Escacena and Águilas projects
  • Expanded area of copper-tin-silver mineralization at La Romana discovery
  • Positive preliminary metallurgical tests
  • Surface access agreement for the Romana West target

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to report its fourth quarter and audited annual financial results for the financial year ended January 31, 2023 were filed on May 24, 2023 . The audited consolidated financial statements and management discussion and analysis ("MD&A") are available on Pan Global's website at https:www.panglobalresources.comfinancial-reports and have been posted under the Company profile on SEDAR at www.sedar.com . The Company reported a year-end cash balance of $8.9 million . All financial figures are in Canadian dollars.

OPERATIONAL HIGHLIGHTS

  • Resource delineation: More than 16,600 meters of drilling on 10 targets at the Escacena and Águilas Projects. On January 30, 2023 , the Company announced a 20,000-meter multi-target drill program for 2023.
  • Leadership: In July 2022 , the Company announced the appointments of Juan Garcia Valledor as General Manager in Spain and Mike Westcott as a special advisor to the Board of Directors. In August, the Company announced the appointment of Andrew Marshall as Chief Financial Officer and in November, announced the appointment of Jason Mercier as Vice President Investor Relations and Communications.
  • Sustainability: On November 1, 2022 , the Company announced admission to the UN Global Compact which supports a voluntary commitment to Ten Principles and the broader Sustainable Development Goals (SDGs). In addition, the Company commenced development of a Sustainable Mining Management System in accordance with ISO Standards, to support ESG related tracking and reporting.

Subsequent to Year End

  • U.S. trading upgrade: In March 2023 , Pan Global announced graduation to the OTCQB Venture Market in the United States raising the Company's profile in the world's largest equity market.
  • Favourable preliminary metallurgical tests: In April 2023 the Company announced positive preliminary metallurgical test results exceeding 86% copper recovery for the La Romana copper mineralization using conventional flotation. The results confirmed minimal deleterious elements and the potential for a coarse primary grind size to reduce energy requirements.
  • Surface access: On May 11, 2023 , Pan Global secured surface access to explore a 680-hectare area immediately to the west of the La Romana discovery at Escacena. Exploration at Romana West is underway, including ground geophysics and preparatory work for an initial 25-30 drill hole program. The surface access agreement also allows exploration to commence at three additional untested targets: Barbacena, El Pozo and Romana North .
  • Board appointment: Pan Global announced on May 24, 2023 the appointment of Ms. Corinne Smit , CPA-CA, to the Board of Directors.

Tim Moody , Pan Global President and CEO noted: "Last year was one of tremendous progress for Pan Global as we advanced our rich project portfolio. We drilled more than 16,600 meters and are executing on the plan for a 20,000-meter drill program this year that includes multiple targets at the Escacena Project in southern Spain . The exploration in 2022 expanded the area of copper-tin-silver mineralization at the La Romana discovery, intersected additional mineralization at new targets that require follow-up and also new high-grade zinc-lead-silver mineralization at our Águilas project."

"The work completed in 2022 and planned for 2023 includes metallurgical test work, cost studies, environmental baseline studies and a detailed block model that will support a future maiden resource on La Romana and engineering studies. The addition of two mining engineers as well as key corporate staff has put in place the bench strength needed to deliver on planned work activities," said Mr. Moody.

SELECT FINANCIAL INFORMATION (CNW Group/Pan Global Resources Inc.)

CORPORATE DEVELOPMENTS SINCE FEBRUARY 1, 2022

For the financial year that began February 1, 2022 , Pan Global started from a strong position of hitting mineralization in 99% of holes drilled at La Romana as well as a healthy treasury to support a robust drill program and expansion of targeting work at the Escacena Project. Major developments in the past year that contributed to the advancement of the Escacena and Águilas Projects, include:

  • On February 3, 2022 , the Company updated shareholders on the expansion of near-surface copper-tin-silver mineralization at La Romana and the drill plan for 2022.

  • In February 2022 , the Company provided an update on Airborne high resolution electromagnetic and magnetic survey work done over the Escacena Project and the addition of drill holes at the La Jarosa target.

  • On March 8, 2022 , Pan Global reported the first drill hole at the La Jarosa target, and on April 5, 2022 , the Company reported that copper mineralization and a wide zone of alteration had confirmed a satellite IP anomaly north of La Romana plus planning for an additional 20 drill holes to further expand the La Romana target.

  • In May 2022 , Pan Global announced the mobilization of additional drill rigs and the expansion of exploration at the Escacena Project, with new heliborne EM and magnetic results leading to multiple new drill targets supported by geochemistry and geophysics surveys.

  • On June 9, 2022 , Pan Global completed the purchase of all rights to the "Escacena" Investigation Permit and adopted a Shareholder Rights Plan.

  • On July 26, 2022 , Pan Global announced the exercise of approximately 98% of the outstanding warrants issued as part of the July 20, 2020 private placement, for total gross proceeds of approximately $3.2 million .

  • On August 9, 2022 , Pan Global reported additional drilling success at La Romana and plans to include testing six new targets.

  • A month later, on September 28, 2022 , Pan Global announced a drill program on eight copper targets in the Escacena Project.

  • On October 6, 2022 , Pan Global reported multiple high-grade polymetallic drill intercepts at the Águilas Project, Spain , with grades and intercepts of 7.3% lead+zinc and 9.1 g/t silver over 5.25 Meters and 37.6% lead+zinc and 6.8 g/t silver over 0.55 meters.

  • In October 2022 , the Company added a third drill rig and commenced drilling on two new copper targets at the Escacena Project. The first drill holes commenced at the Zarcita and Bravo Norte VMS copper targets.

  • In November 2022 , Pan Global enhanced its ESG goals through acceptance to the United Nations Global Compact Initiative, a voluntary commitment to its Ten Principles and broader Sustainable Development Goals.

  • On November 15, 2022 , Pan Global commenced drilling on the Romana Deep target, a large heliborne electromagnetic anomaly that coincides with the down-dip projection of the near-surface La Romana copper-tin-silver mineralization.

  • In December 2022 , the Company announced the expansion of the La Romana mineralization with discovery of a new upper copper horizon intersected 100 meters above the main La Romana mineralization and expanded near-surface copper mineralization to the south.

  • On January 17, 2023 , Pan Global announced first results of drilling at Zarcita, intersecting a wide zone of copper stockwork mineralization as well as drill results from multiple other targets at Escacena, including La Jarosa, Hornitos, El Pilar and Bravo Norte with a total of 21 drill holes assayed.

  • On January 30, 2023 , Pan Global announced approval of a fully funded 20,000-meter, multi-target drill program at the Escacena Project for 2023 and a Company annual budget of $8.5 million .

  • On March 15, 2023 , Pan Global announced the Company had graduated to the OTCQB Venture Market and was qualified to trade on the platform under the new symbol PGZFF.

  • In March 2023 , Pan Global welcomed the inclusion of copper in the 2023 EU Critical Minerals and Metals List. The updated list identifies the most critical minerals and metals that are essential to the EU's economic growth and its transition to a low-carbon and digital economy. Potential benefits to Pan Global include improved access to capital and a streamlined permitting regime.

  • On April 11, 2023 , Pan Global announced positive metallurgical test results exceeding 86% copper recovery for the La Romana copper mineralization using conventional flotation. Additional attributes include the potential for coarse primary grind size, which would reduce energy requirements, and minimal deleterious elements.

  • On April 19, 2023 , Pan Global announced drill results for an in-fill drill program, including intersecting 15 meters of 1.2% copper, 0.05% tin, and 5.4g/t silver at La Romana. The first drill holes at Romana Deep also delivered encouraging results that support planning for follow-up geophysics.

  • On April 26, 2023 , Pan Global announced the commencement of drilling at Cañada Honda copper-gold target in the Escacena Project targeting IP anomalies adjacent to a large gravity anomaly that extends 2km east-west.

  • On May 11, 2023 , Pan Global secured surface access to explore a 680-hectare area west of the La Romana discovery at Escacena. Exploration commenced immediately at Romana West, including ground geophysics in preparation for an initial 25-30 drill hole program. The surface access agreement allows exploration to also commence at three additional untested targets: Barbacena, El Pozo and Romana North .

  • On May 24, 2023 , Pan Global announced the appointment of Corinne Smit , CPA-CA, to the Board of Directors of the Company.

MANAGEMENT OUTLOOK AND KEY CATALYSTS

We remain focused on advancing the Company's strategic objectives and near-term milestones, which include the following:

  • To discover, define and develop new mineral resources, with a focus on copper, tin, silver, gold and other minerals in Spain .
  • Key catalysts over the next 18 months include:
    • Drill results from ongoing exploration at Escacena;
    • Access agreements to targets east of La Romana, including Bravo;
    • Additional metallurgical test results, including tin metallurgy and variability tests;
    • Reporting a maiden resource at La Romana, potentially in H1 2024; and
    • Planning for engineering studies.
  • Pan Global continues to review other exploration opportunities in Spain , with a view to strategically enhance the mineral exploration portfolio. The value of the Company may be further enhanced through such new opportunities and application of the deep experience of the Pan Global technical team to future work programs.

About Pan Global Resources

Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper's compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain , where infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one jurisdiction for mining investment. The Pan Global team comprises proven talent in exploration, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities.

Qualified Persons

James Royall , Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information for this news release. Mr. Royall is not independent of the Company.

On behalf of the Board of Directors

www.panglobalresources.com

Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis for the financial year ended January 31, 2023 , which is filed on the Company's SEDAR profile.

The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.

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.

Pan Global Resources Inc. Logo (CNW Group/Pan Global Resources Inc.)

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PAN GLOBAL ANNOUNCES APPOINTMENT OF CORINNE SMIT TO THE BOARD OF DIRECTORS

PAN GLOBAL ANNOUNCES APPOINTMENT OF CORINNE SMIT TO THE BOARD OF DIRECTORS

 Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to announce the appointment of Corinne Smit CPA-CA, as a Director of the Company.

Pan Global Resources Inc. logo (CNW Group/Pan Global Resources Inc.)

Ms. Smit has almost two decades of experience working in managerial positions for publicly listed mining companies and in public accounting practice. She has extensive experience in all aspects of commercial mining operations including development of strategy, export logistics and supply chain management, marketing/sales, budgeting and forecasting, risk management, and hedging.

"We are excited to have Corinne join the Board of Pan Global. She brings a deep understanding of mining finance, marketing and product sales gained from almost two decades of industry experience," said Chairman Patrick Evans . "As Pan Global advances the Escacena and Aguilas Projects, her insight will benefit us greatly."

Ms. Smit currently serves Newmont Corporation as Senior Director, Concentrates and Dore Sales and Marketing. Her previous roles include Director, Marketing and Logistics for Nevada Copper , Senior Marketing Manager for Nevsun Resources, and Concentrate Marketing Manager for Capstone Mining Corp. She began her career in Audit and Assurance for PwC in Vancouver and Capital Markets in Hong Kong .

Pan Global has granted Ms. Smit 500,000 stock options of the Company. The stock options were granted pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each stock option entitles the holder to purchase one common share of the Company at a price of $0.35 per common share for a period of five years from the date of grant. The options will vest as follows: 250,000 after 12 months and the remaining 250,000 after 24 months.

About Pan Global Resources
Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper's compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain , where infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one jurisdiction for mining investment. The Pan Global team comprises proven talent in exploration, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities.

On behalf of the Board of Directors

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

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SOURCE Pan Global Resources Inc.

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PAN GLOBAL COMMENCES EXPLORATION AT ROMANA WEST IN THE ESCACENA PROJECT, SOUTHERN SPAIN

PAN GLOBAL COMMENCES EXPLORATION AT ROMANA WEST IN THE ESCACENA PROJECT, SOUTHERN SPAIN

  • Detailed IP, gravity surveys and geochemical sampling commenced at high priority Romana West target
  • Copper mineralization exposed at surface and nearby historic mine workings indicates copper mineralization continues and remains open 250m along-strike west of the La Romana mineralization
  • 25-to-30 Romana West drill hole program planned under approved 2023 budget

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to announce the commencement of exploration activities at the Romana West target of the Escacena Project ("Escacena") in the Iberian Pyrite Belt, southern Spain .

Romana West is a high-priority gravity anomaly on the potential western continuation of Pan Global's La Romana copper-tin-silver discovery. The gravity anomaly at Romana West and the coincident historic mine workings indicate potential to extend the La Romana mineralization a further 800-1,000 meters beyond the 1.2 km of strike already defined by more than 150 holes drilled to-date. The drilling at La Romana shows the copper, tin and silver mineralization remains open to the west in the direction of the Romana West target and is open down-dip.

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PAN GLOBAL SECURES SURFACE ACCESS TO EXPLORE A 680 HECTARE AREA WEST OF THE LA ROMANA COPPER-TIN DISCOVERY AT THE ESCACENA PROJECT, SPAIN

PAN GLOBAL SECURES SURFACE ACCESS TO EXPLORE A 680 HECTARE AREA WEST OF THE LA ROMANA COPPER-TIN DISCOVERY AT THE ESCACENA PROJECT, SPAIN

TSXV: PGZ      OTCQB: PGZFF

  • Exploration to commence immediately at Romana West, including ground geophysics and an initial 25-30 drill hole program

  • Potential to extend the current 1,200m strike-length of the La Romana mineralization a further 800- 1,000m to the west

  • Surface access agreement allows exploration to also commence at three additional untested targets: Barbacena, El Pozo and Romana North

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to announce that a surface access agreement has been reached clearing the way for exploration and drilling to commence immediately on the Romana West target. The Romana West target is on-strike from the La Romana copper-tin-silver discovery at the Company's 100%-owned Escacena Project ("Escacena") in the Iberian Pyrite Belt, southern Spain . The agreement also provides access to several other large untested gravity and heliborne-electromagnetic (HEM) targets within Escacena.

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PAN GLOBAL COMMENCES DRILLING AT CAÑADA HONDA COPPER-GOLD TARGET IN THE ESCACENA PROJECT, SPAIN

PAN GLOBAL COMMENCES DRILLING AT CAÑADA HONDA COPPER-GOLD TARGET IN THE ESCACENA PROJECT, SPAIN

TSXV: PGZ      OTCQB: PGZFF

  • The Cañada Honda target is a large gravity anomaly extending approx. 2km east-west

  • Drill hole CHD02 targeted a large gravity anomaly and intersected 11m of 0.6% Cu, 0.12g/t Au and 3.2g/t Ag, with the hole unable to continue after it collapsed before reaching the target

  • New Induced Polarization (IP) survey highlights previously untested chargeability and resistivity-low anomalies extending beneath the mine tunnel

  • Drilling initiated at Cañada Honda target to test beneath historic mine tunnel for copper-gold mineralization

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to announce that it has commenced diamond drilling at the Cañada Honda target at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain . This follows completion of a new IP survey that identified an untested IP anomaly beneath the historic mine tunnel. Results are also announced for drillhole CHD02 that attempted to test a deep gravity target at Cañada Honda and was abandoned before reaching the target depth due to the hole collapsing.

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PAN GLOBAL INTERSECTS 15 METERS OF 1.2% COPPER, 0.05% TIN, AND 5.4 G/T SILVER AT LA ROMANA, IN THE ESCACENA PROJECT, SPAIN

PAN GLOBAL INTERSECTS 15 METERS OF 1.2% COPPER, 0.05% TIN, AND 5.4 G/T SILVER AT LA ROMANA, IN THE ESCACENA PROJECT, SPAIN

TSXV: PGZ      OTCQB: PGZFF

  • In-fill drill holes at La Romana intersect additional high grade mineralization;
    • 15m at 1.2% Cu, 0.05% Sn, 5.4g/t Ag, including 7.8m at 1.9% Cu, 0.07% Sn, 8.8g/t Ag
    • 22m at 0.7% Cu, 0.07% Sn 3.1g/t Ag, including 12m at 1.1% Cu, 0.13% Sn, 5.0g/t Ag
  • First drill holes at Romana Deep deliver encouraging results and follow-up geophysics planned
  • Exploration drilling ongoing at Zarcita and La Romana
  • Drilling to commence at Cañada Honda target

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to announce assay results for its ongoing diamond drilling at the La Romana copper-tin-silver discovery and results for the first three drill holes at the Romana Deep target at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain .

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SKRR EXPLORATION INC. ANNOUNCES DEBT SETTLEMENT

SKRR EXPLORATION INC. ANNOUNCES DEBT SETTLEMENT

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") announces that it entered into a debt settlement agreement with an arm's length party of the Company, to settle an aggregate $50,000 of debt in consideration for the issuance of an aggregate 1,000,000 common shares (the " Shares ") at a deemed price of $0.05 per Share (the " Debt Settlement "). The debts are for unpaid advisory fees.

SKRR Exploration Inc. Logo (CNW Group/SKRR EXPLORATION INC.)

The Debt Settlement is subject to TSX Venture Exchange approval, and all Shares will be subject to a four month hold period.

SKRR is a Canadian-based precious and base metal explorer with properties in British Columbia and Saskatchewan – some of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class precious and base metal deposits.  The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

ON BEHALF OF THE BOARD

Sherman Dahl
President & CEO
Tel: 250-558-8340

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

Cautionary Statement Regarding Forward Looking Information

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the Debt Settlement, and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters, and the Company's plans and goals. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, the interpretation of technical and scientific data, risks related to the inherent uncertainty of exploration and development and cost estimates and the potential for unexpected costs and expenses and including those filed under the Company's profile on SEDAR at www.sedar.com . There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, decrease in the price of metals, equipment failures or failure to obtain the necessary equipment, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

SOURCE SKRR Exploration Inc.

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Trailbreaker Resources Acquires Golden Sable Property, South-Central BC

Trailbreaker Resources Acquires Golden Sable Property, South-Central BC

Trailbreaker Resources Ltd. (TBK.V) ("Trailbreaker" or "the Company") is pleased to announce that it has acquired the 2,568-hectare Golden Sable property in south-central British Columbia (BC).

The Golden Sable property is located 175 km northeast of Kamloops, BC and 20 km south of Bridge Lake, BC. It is easily accessible via Highway 24 and the Bonaparte forest service road. The property was acquired through an option agreement with Cordilleran Properties and further expanded by Trailbreaker via additional staking.

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Lumina Gold Announces Receipt of First Early Deposit Payment of US$12M from Wheaton Precious Metals

Lumina Gold Announces Receipt of First Early Deposit Payment of US$12M from Wheaton Precious Metals

Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or "Lumina") is pleased to announce that it has received the first US$12 million payment (the "First Early Deposit Payment") under the previously announced precious metals purchase agreement (the "Gold Stream") with Wheaton Precious Metals International Ltd. ("Wheaton") in relation to its 100% owned Cangrejos gold-copper project located in El Oro Province, Ecuador (the "Project" or "Cangrejos").

Lumina Gold Corp. Logo (CNW Group/Lumina Gold Corp.)

The principal terms of the First Early Deposit Payment and the Gold Stream are as described in the Company's news release dated May 16, 2023 , whereby Wheaton will pay a total of US$300 million to acquire 6.6% of the payable gold produced from the Project until 700,000 ounces of gold have been delivered, and 4.4.% thereafter, with US$48 million being paid as an early deposit pre-construction and US$252 million being paid during construction.

The Company also wishes to clarify information disclosed in its May 16, 2023 news release, to revise the original statement from "Wheaton will pay a production payment representing 18.0% of the spot price of gold for the first 700,000 ounces and 22.0% of the spot price of gold thereafter" to "Wheaton will make ongoing payments for the gold ounces delivered equal to 18.0% of the spot price of gold until the uncredited deposit is reduced to nil and 22.0% of the spot price of gold thereafter".

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Preliminary Feasibility Study (the "PFS") for Cangrejos, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

Follow us on: Twitter , Linkedin or Facebook .

Further details are available on the Company's website at https://luminagold.com/ . To receive future news releases please sign up at https://luminagold.com/contact .

Lumina Gold Corp.

Signed: "Marshall Koval"

Marshall Koval , President & CEO, Director

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

Cautionary Note Regarding Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the Company's decision and ability to develop the Project into a producing mine; payment by Wheaton of $300 million to Lumina and the satisfaction of each party's obligations in accordance with the Gold Stream; and the delivery to Wheaton of gold production in respect of the Project. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.

With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions; the prices of gold, copper and silver; the Company's ability to meet its obligations under the Gold Stream and other material agreements; the accuracy and reliability of technical data, forecasts, estimates and studies, including the PFS; the accuracy of slope guidance underlying the engineered pit design; estimates of mineral resources and mineral reserves; anticipated costs and expenditures; future results of operations; ability to satisfy power infrastructure and water capacity requirements; availability and ability to procure personnel, machinery, supplies, and equipment from local sources where possible; the characteristics of the Project producing innate positive environmental impacts; tax rates and royalty rates applicable to the Project; the relationship between the Company and the local communities and its business partners; ability to operate in a safe and effective manner; and the success of exploration, development and processing activities. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks relating to exploration activities and accurately predicting mineralization; the timing and ability of the Company to obtain necessary permits; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of 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); capital costs varying significantly from estimates; business and economic conditions in the mining industry generally; risks associated with the business of the Company; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; inflation and credit risks; 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 in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE Lumina Gold Corp.

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Osisko Metals: Corporate Update

Osisko Metals: Corporate Update

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) wishes to announce, as per regulatory compliance, the following updates:

Shares for Services Agreement

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Fabled Copper Announces Closing of First Tranche of Non Brokered Private Placements and Resignation of Director

Fabled Copper Announces Closing of First Tranche of Non Brokered Private Placements and Resignation of Director

Fabled Copper Corp. ("Fabled" or the "Company") (CSE:FABL)(FSE:XZ7) is pleased to announce that it has completed an initial closing of the non-brokered private placements (the "Offerings") announced in its press release dated April 12, 2023

The Company issued (i) 3,255,000 conventional units (the "Conventional Units") at a price of $0.08 per Conventional Unit for aggregate gross proceeds of $260,400 and (ii) 350,000 flow-through units (the " Flow-Through Units") at a price of $0.10 per Flow-Through Unit for aggregate gross proceeds of $35,000.

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Los Andes Copper Appoints Santiago Montt as Chief Executive Officer

Los Andes Copper Appoints Santiago Montt as Chief Executive Officer

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") advises that Santiago Montt has been appointed as the Chief Executive Officer ("CEO") of the Company, effective May 25, 2023.

Mr. Montt has served the Company as Interim CEO since November 1, 2022, where he was responsible for the Company's operations in Chile. Prior to this, he was the Company COO.

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