Pan Global Reports Additional Drilling Success at La Romana Target, Escacena Project, Spain

Pan Global Reports Additional Drilling Success at La Romana Target, Escacena Project, Spain

  • 26.9m at 0.5% Cu, 0.13% Sn, including 1.6m at 1.6% Cu, 0.08% Sn and 1.3m at 1.0% Cu, 0.53% Sn in LRD120
  • 10.1m at 0.8% Cu, 0.18% Sn, 3.1g/t Ag, including 0.3m at 17.3% Cu, 0.56% Sn, 59.3g/t Ag in LRD125
  • Follow-up drilling underway and plans include testing 6 new targets

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce new drill results at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. Reported results comprise eleven drill holes at the La Romana target and two drill holes on geophysics targets at La Romana North.

Tim Moody, Pan Global President and CEO states: "The latest results add to the down-dip extent of the main copper and tin zone with hole LRD120 intercepting approximately 27m thickness with grades of 0.5% Cu and 0.13% Sn within a 40m wide copper mineralized interval, and 10.1m at 0.8% Cu and 0.18% Sn in hole LRD125. The results include narrow intervals with some exceptionally high grades, including 17.3% Cu, 0.56% Sn and 59.3g/t Ag over 0.25m. The new drill results continue to show potential for the near surface high grade mineralization to continue west for several hundred meters in the direction of the historic La Romana mine workings. Drilling has also successfully defined the southern margin of the La Romana mineralization and shows supergene copper mineralization extending over the footwall to the main copper zone. Assay results are pending for an additional fourteen drill holes from La Romana."

Mr. Moody added: "Extensive exploration over the entire Escacena project area, including gravity, IP and surface geochemistry surveys, together with results of the recent heliborne electromagnetic survey, is highlighting multiple new high priority targets. The current plan includes testing at least six new targets in 2022."

La Romana Highlights include:

  • 26.9m at 0.5% Cu, 0.13% Sn, 2.6g/t Ag from 98.6m in LRD120, including
    • 0.3m at 1.5% Cu, 1.8% Sn, 11.5g/t Ag
    • 1.6m at 1.7% Cu, 0.08% Sn, 6.8g/t Ag
    • 1.3m at 1.0% Cu. 0.53% Sn, 8.7g/t Ag
  • 10.1m at 0.8% Cu, 0.18% Sn, 3.1g/t Ag from 105m in LRD125, including
    • 0.25m at 17.3% Cu, 0.56% Sn, 59.3g/t Ag
  • Multiple narrow high-grade intervals in LRD118, including
    • 1.35m at 1.7% Cu, 11.3g/t Ag, 0.2g/t Au, from 37.55m
    • 0.3m at 16.9% Cu, 0.03% Sn, 78.6g/t Ag, 0.17g/t Au from 52.7m
    • 0.3m at 2.6% Cu, 9.2g/t Ag from 69.2m
    • 0.75m at 4.4% Cu, 21g/t Ag from 95.15m
    • 0.2m at 2.2% Cu, 30.8g/t Ag, 1,13% Pb, 1.44% Zn from 112.5m

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5190/133193_81ecd477f4e088b8_001.jpg

Figure 1 - La Romana drill hole locations with selected results and newly reported drill holes highlighted.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5190/133193_81ecd477f4e088b8_001full.jpg

La Romana drill results

The latest results are from thirteen drill holes at the La Romana discovery. Drill holes LRD111, 118, 120, 121, 122, 125 and 126 tested down-dip extensions. Drill holes LRD116, 117, 119 and 124 tested the southern margins of the mineralization. Drill holes LRD97 and 108 tested Induced Polarity (IP) chargeability anomalies north of La Romana.

Drill hole locations are shown in Figure 1 above and summary cross sections with holes LRD120 and LRD125 are provided in Figure 2.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5190/133193_81ecd477f4e088b8_002.jpg

Figure 2 - Summary cross sections for new drill holes LRD120 (Section 736335 E) and LRD125 (Section 736135 E) with selected results highlighted in yellow.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/5190/133193_81ecd477f4e088b8_002full.jpg

Assay results are summarized in Table 1 below and drill collar information is provided in Table 2. The drill holes were all inclined towards the south or southwest and all reported drill intervals approximate true thickness.

Table 1 - Escacena Project, La Romana drill results summary

HoleFrToIntCuSnAgCoAuPbZn



m%ppmg/tppmg/tppmppm
LRD97190.5191.20.70.47230.9530.00614119

201.8202.50.70.8201.7370.0129160

215.5217.11.60.42481570.0059150

227227.30.31.551182.61270.00626336

235.8236.60.80.42231.3490.01723113











LRD108No significant results











LRD11163.1563.550.40.382814.4850.06520801575

80.8581.8510.61633620.021128520

15715810.32270.5670.002783

16316960.33540.9560.0073499

203.65204.10.451.225102690.01711100











LRD11630.051.121.10.203521.3830.0174198

303660.213031.468136177

424310.522280.6650.0129304

46.651.054.450.374942.81320.02113247
incl.46.647.81.20.610375.21840.02301335

53.454.651.250.381892.81260.03161212

64.9565.250.30.6736451420.05346210

73.875.11.30.6429616.71700.113670527











LRD11734.654813.350.33421.1300.0186543
incl.37.3539.31.950.91652.1710.03307673
incl.3838.20.22.14599.13390.22426239
incl.414540.34420.82435667

106.25106.550.37.9813314.41890.14562150











LRD11837.5538.91.351.675211.34920.2482973

52.7530.316.931978.68810.177654670

69.269.50.32.62689.21950.03144941

95.1595.90.754.35141213040.126203730

112.5112.70.22.2111630.81990.071130014400











LRD119283130.3710013494189
incl.303110.61901.5230.01227190

515210.3715855.71590.03568270











LRD12077.577.70.20.8561911.11400.0739905410

86.35125.539.150.399642.3660.01219536
incl.86.3587.651.30.7313456.51040.024451574

98.6125.526.90.4912512.6730.02219534
incl.98.6107.58.90.7420823.6780.04125380
incl.98.698.850.251.481800011.5850.0423603650
incl.105.1106.651.551.678156.81170.0174413
incl.12112210.5218852.51050.022851220
incl.124.2125.51.31.0452608.7930.0415553350











LRD12160.3560.550.22.388611.2890.06269755

136.4153.617.20.32550.953106232
incl.153.1153.60.54.937715.62350.0429604480

187.55191.13.550.374630.5740.01585

217.95218.20.251.0978301.7940.0526104











LRD12238.2467.80.21533.2200.02396282

51.452.050.650.62454640.01121656

120.95121.10.151.79965.8870.0123119

146.751481.251.09692.4780.0159135

208210265100.7810.067639











LRD12420.521.510.23430.3450.0172117

4344.71.70.3731540.9580.03846

108.751101.250.74600.732478











LRD125737410.6132902.2610.011989

919430.48932.1530.013495

969710.3340.8470.0117307

10110320.31520.95701072

105115.110.10.7818463.1990.0114139
incl.114.85115.10.2517.3556059.34970.148740











LRD126109.2109.750.550.635574.2560.0357445

126.3127.71.40.344623.8690.02718641

129.7130.751.050.3422702.2500.0292402

134.9136.11.20.3215602.6880.01262458

138.6141.552.950.4214152.91040.0266137

142.85143.70.850.410102.35976344

245.45245.650.20.5222101.56290.148082

 

Table 2 Escacena Project, La Romana drill hole collar information (Total 1659.7m)

Hole IDEasting1Northing1Azimuth (º)Dip (º)Depth (m)
LRD0977359794153522180-70307.7
LRD1087365714153295180-60264.05
LRD1117360214152900220-55259.8
LRD1167367854152587180-55104.3
LRD1177369344152566180-55114.9
LRD1187369394152618360-85138.4
LRD1197364344152602180-5585.95
LRD1207363124152755180-55199.8
LRD1217360364152862180-55223.3
LRD1227360364152863220-55217.85
LRD1247361344152639180-55125.2
LRD1257361344152764180-55182.15
LRD1267362334152794180-55248.2

 

1Coordinates are in ERTS89 datum UTM29N

The results add near-surface copper and tin mineralization down-dip in the north of the La Romana target area and help to delineate the southern boundary of the mineralized area where near surface supergene copper mineralization has been confirmed extending south from the main copper zone to the footwall. The latest drill results continue to show that the copper and tin mineralization remains open to the west in the direction of the historic La Romana mine workings and down-dip to the north.

Primary mineralization is characterized by stockwork veins, semi-massive sulphides and bands of massive sulphide, with chalcopyrite and secondary chalcocite as the main copper minerals and cassiterite as the only observed tin mineral. The copper mineralization is also associated with elevated levels of silver, as well as locally elevated cobalt and gold. A metal zonation is also apparent, progressing from copper and tin in the west to copper and zinc in the east.

Drill hole LRD120 is located approx. 50m down-dip from hole LRD07 and fills a gap in the drilling between holes LRD18 and LRD43. The hole intersected a broad zone of visible chalcopyrite and cassiterite mineralization from approximately 86m down-hole depth and shows tin assay values up to 1.8% Sn. Best results include:

  • 39.15m at 0.4% Cu, 0.10% Sn, 2.3g/t Ag from 86.35m, including
    • 1.3m at 0.7% Cu, 0.13% Sn, 6.5g/t Ag and
    • 26.9m at 0.5% Cu, 0.13% Sn, 2.6g/t Ag, includes
      • 0.3m at 1.5% Cu, 1.8% Sn, 11.5g/t Ag
      • 1.6m at 1.7% Cu, 0.08% Sn, 6.8g/t Ag
      • 1.3m at 1.0% Cu, 0.53% Sn, 8.7g/t Ag

Drill hole LRD125 extends the copper-tin mineralisation approximately 50m down-dip to the north of hole LRD96 and intersected a 26m wide zone of visible copper mineralization from approximately 89m down-hole. This includes a 0.25m thick interval with exceptionally high-grade copper and tin. Best results include:

  • 10.1m at 0.8% Cu, 0.18% Sn, 3.1g/t Agfrom 105m, including
    • 0.25m at 17.3% Cu, 0.56% Sn, 59.3g/t Ag

Drill hole LRD118 tested a 100m gap between drill holes LRD114 and 29, and intersected several close-spaced, high-grade copper intervals with plus 1% Cu between 37.55m and 112.70m down-hole depth. This includes mainly chalcopyrite and lesser secondary chalcocite, and sphalerite and galena in the lower-most interval. The hole confirmed that high copper grades continue down-dip from LRD114, which returned 6.7m at 3.1% Cu and 17.5g/t Ag (PGZ News Release, April 5, 2022). Results include:

  • 1.35m at 1.7% Cu, 11.3g/t Ag, 0.2g/t Au from 37.55m
  • 0.3m at 16.9% Cu, 0.03% Sn, 78.6g/t Ag, 0.17g/t Aufrom 52.7m
  • 0.3m at 2.6% Cu, 9.2g/t Ag from 69.2m
  • 0.75m at 4.4% Cu, 21g/t Ag from 95.15m
  • 0.2m at 2.2% Cu, 30.8g/t Ag, 1,13% Pb, 1.44% Zn from 112.5m

Drill holes LRD111, 121, 122 and 126 at the northern limits in the west of the main target area intersected multiple thin copper-tin intervals. The results indicate decreasing mineralization down-dip towards the northwest and show grade and thickness increasing up-dip. The mineralization remains open in the direction of the historic La Romana mine workings located approximately 300m to the west.

Drill holes LRD117, 116, 119 and 124, from east to west along the southern limits of the mineralized area, intersected copper mineralization immediately beneath 20 to 30m of cover sediments. Results show that the shallow supergene chalcocite mineralization present locally over the main copper zone also extends over the footwall. Selected results include 13.35m @ 0.33% Cu, 1.1 g/t Ag from 34.65m in LRD117, 21.05m @ 0.2% Cu and 1.3 g/t Ag from 30m in LRD 116 and 0.3m @ 8% Cu and 14.4 g/t Ag from 106.25m down-hole in LRD117.

Drill hole LRD97 was drilled 750m to the north of the main La Romana target testing an IP chargeability anomaly. The hole intersected approximately 40m of anomalous copper from 190m down-hole associated with chlorite altered and silicified dacitic volcanics, including several intervals 0.3 to 1.6m thick with grades from 0.4 to 1.5% Cu. The sequence of altered volcanics with copper mineralization indicates further exploration potential and potentially a separate hydrothermal event in the hanging wall to the La Romana mineralization.

Drill hole LRD108 was drilled 450m north of the La Romana deposit testing an IP chargeability anomaly. The hole intersected a similar package of alternating shales and dacitic volcanics as in LRD97 with less intense alteration and no significant copper mineralization. However, the hole is weakly anomalous (5 to 10 times background) in lead and zinc over an approx. 70m-wide interval from 160m down-hole with up to 0.4% Pb + Zn, indicating the outer halo to a potentially large hydrothermal system.

Assay results are pending for an additional fourteen completed drill holes at La Romana. A total of 139 drill holes have now been completed at the La Romana discovery and drilling is ongoing.

Exploration is in progress to refine drill targets over several large gravity anomalies immediately south of La Jarosa at Pilar, Pilar South and Bravo Norte. Interpretation of the recent heliborne EM survey is continuing and confirms a conductor anomaly coincident with the La Romana copper mineralization and shows multiple new untested conductor targets. Current plans include up to sixty additional drill holes and testing of six new targets, which is a focus for the remainder of 2022.

QA/QC
Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.4 to 2m. Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch.

Samples were delivered to ALS laboratory in Seville, Spain and assayed at the ALS laboratory in Ireland. All samples were crushed and split (method CRU-31, SPL22Y), and pulverized using (method PUL-31). Gold analysis was by 50gm Fire assay with ICP finish (method Au-ICP22) and multi element analysis was undertaken using a 4-acid digest with ICP AES finish (method ME-ICP61). Tin was analysed in selected intervals using Lithium borate fusion and ICP MS finish (method ME-MS81). Over grade base metal results were assayed using a 4-acid digest ICP AES (method OG-62). Over grade tin was determined using peroxide fusion with ICP finish (method Sn-ICP81x).

About the Escacena Project
The Escacena Project includes a large, plus 5,760-hectare land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. The project is located near operating mines at Las Cruces and Rio Tinto, and is immediately adjacent to the former Aznalcollar and Los Frailes mines where Grupo Mexico is in the permitting stage to restart mining. The Escacena Project hosts the La Romana discovery and a number of other prospective targets, including La Jarosa, Hornitos, Zarcita, Pilar, Bravo and Barbacena.

About Pan Global Resources
Pan Global Resources Inc. is actively engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development. The Company is committed to operating safely and with respect to the communities and environment where we operate.

Qualified Persons
James Royall, P Geo, VP Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Mr. Royall is not independent of the Company.

On behalf of the Board of Directors
www.panglobalresources.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
tmoody@panglobalresources.com
+44 7766 253145

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 of its audited financial statements filed with the British Columbia Securities Commission.

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.

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PAN GLOBAL INTERSECTS 1.04% COPPER OVER 15.9 METERS AT WESTERN EXPANSION OF LA ROMANA COPPER-TIN-SILVER DISCOVERY

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TSXV: PGZ   |   OTCQX: PGZFF

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 Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to announce the intersection of additional high-grade near-surface copper mineralization at the Company's 100% owned Escacena Project in the Iberian Pyrite Belt in southern Spain .

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/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

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/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

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/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

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Dore Copper Announces Filing and Mailing of Management Information Circular in Connection with Special Meeting and Encourages Shareholders to Access Meeting Materials Electronically

Dore Copper Announces Filing and Mailing of Management Information Circular in Connection with Special Meeting and Encourages Shareholders to Access Meeting Materials Electronically

Doré Copper Mining Corp. (" Doré Copper ") (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) today announced that it has filed and is in the process of mailing the management information circular (the " Circular ") and related materials for the special meeting (the " Meeting ") of shareholders of Doré Copper (" Doré Copper Shareholders ") to be held December 16, 2024. At the Meeting, Doré Copper Shareholders will be asked to consider and vote on a special resolution (the " Arrangement Resolution ") approving a statutory plan of arrangement (the " Plan of Arrangement ") pursuant to Section 192 of the Canada Business Corporations Act (the " Arrangement "), subject to the terms and conditions of an arrangement agreement dated October 14, 2024 (the " Arrangement Agreement ") entered into among Doré Copper, Cygnus Metals Limited (" Cygnus ") and 1505901 B.C. Ltd., a wholly owned subsidiary of Cygnus, all as more particularly described in the Circular.

The board of directors of Doré Copper (the " Doré Copper Board ") and the special committee of independent directors established by the Doré Copper Board (the " Special Committee ") have unanimously determined that the Arrangement is in the best interests of Doré Copper and that the Arrangement is fair to the Doré Copper Shareholders. The Special Committee and the Doré Copper Board reviewed and considered a significant amount of information and considered a number of factors relating to the Arrangement, with the benefit of advice from Doré Copper's management, and the financial and legal advisors of the Special Committee and the Doré Copper Board. The Special Committee unanimously recommended that the Doré Copper Board recommend to Doré Copper Shareholders that they vote FOR the Arrangement Resolution. The Doré Copper   Board unanimously recommends that Doré Copper   Shareholders vote   FOR   the Arrangement Resolution. See pages 33 to 36 of the Circular for a detailed description of the " Reasons for the Arrangement ".

In accordance with the interim order granted by the Ontario Superior Court of Justice (Commercial List) on November 12, 2024, providing for the calling and holding of the Meeting and other procedural matters relating to the Arrangement, the Arrangement can only proceed if, among other conditions, it receives the approval of not less than two-thirds (66⅔%) of the votes cast on the Arrangement Resolution by Doré Copper Shareholders in person or by proxy at the Meeting and not less than a majority (50% + 1) of the votes cast on the Arrangement Resolution by Doré Copper Shareholders in person or by proxy at the Meeting excluding the votes cast by certain interested or related parties or joint actors of Doré Copper in accordance with the minority approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions .

Under the Arrangement Agreement, the parties have agreed to effect the Arrangement, pursuant to which Cygnus will indirectly acquire all of the issued and outstanding common shares in the capital of Doré Copper (" Doré Copper Shares "), and Doré Copper Shareholders will be entitled to receive, for each Doré Copper Share held immediately prior to the effective time of the Arrangement (the " Effective Time "), 1.8297 fully paid ordinary shares (the " Consideration ") in the capital of Cygnus (each one whole share, a " Cygnus Share ").

As a result of, and immediately following the completion of, the Arrangement, Doré Copper will be an indirect wholly-owned subsidiary of Cygnus and the former Doré Copper Shareholders will be entitled to receive the Consideration for each Doré Copper Share previously held by them immediately prior to the Effective Time (subject to rounding, as provided for in the Plan of Arrangement).

Cygnus has applied for its Cygnus Shares to be listed on the TSX Venture Exchange (the " TSXV "). It is a condition of closing that Cygnus shall have received conditional listing approval from the TSXV to list the Cygnus Shares on the TSXV. Listing of the Cygnus Shares on the TSXV will be subject to Cygnus receiving approval from, and fulfilling all of the minimum listing requirements of, the TSXV.

Meeting and Circular

The Meeting of the Doré Copper Shareholders will be held at the offices of Bennett Jones LLP located at One First Canadian Place, 100 King Street West, Suite 3400, Toronto, Ontario, M5X 1A4 on December 16, 2024 at 12:00 p.m. (Toronto time). Doré Copper Shareholders of record as of the close of business on November 13, 2024 are entitled to receive notice of and to vote at the Meeting. Doré Copper Shareholders are urged to vote before the proxy deadline of 12:00 p.m. (Toronto time) on December 12, 2024.

The Circular provides important information on the Arrangement and related matters, including the background of the Arrangement, the rationale for the recommendations made by the Special Committee and the Doré Copper Board, and voting procedures. Doré Copper Shareholders are urged to read the Circular and its appendices carefully and in their entirety. The Circular is being mailed to Doré Copper Shareholders in compliance with applicable Canadian securities laws. The Circular is available under Doré Copper's profile on SEDAR+ at www.sedarplus.ca and on Doré Copper's website at www.dorecopper.com .

Impact of Canada Post Labour Strike

Due to the ongoing Canada Post labour strike, it is possible that Doré Copper Shareholders may experience a delay in receiving the Circular and related materials in respect of the Meeting. Doré Copper Shareholders are encouraged to access the Circular and related materials electronically as noted above. Registered holders of Doré Copper Shares experiencing a delay in receiving the Circular and related materials may contact Computershare Investor Services Inc. at 1-800-564-6253 to obtain their individual control numbers in order to vote their Doré Copper Shares. Registered holders of Doré Copper Shares are encouraged to vote their Doré Copper Shares via the internet at www.investorvote.com or via telephone at 1-866-732-VOTE (8683). Registered holders of Doré Copper Shares are also encouraged to complete and return letters of transmittal by hand or by courier to ensure the appropriate documents are received in a timely manner. Beneficial holders of Doré Copper Shares experiencing a delay in receiving the Circular and related materials should contact their broker or other intermediary for assistance in obtaining their individual control numbers in order to vote their Doré Copper Shares. Beneficial holders of Doré Copper Shares are encouraged to vote their Doré Copper Shares via the internet at www.proxyvote.com or via telephone at 1-800-474-7493 (English) or 1-800-474-7501 (French). It is recommended that any physical forms of proxy or voting instruction forms be delivered via courier to ensure that they are received in a timely manner.

Registered holders of Doré Copper Shares who wish to exercise their dissent rights in connection with the Arrangement are also cautioned to deliver their written objection to Doré Copper by mail using a method other than Canada Post or by facsimile transmission in accordance with the instructions set forth in the Circular to ensure that they are received in a timely manner.

Other Matters

Agreement with SOQUEM

Further to its news release dated July 3, 2024, on July 2, 2024, Doré Copper issued 1,190,476 Doré Copper Shares to SOQUEM at a deemed price of $0.105 per Doré Copper Share in connection with its acquisition of a 56.41% interest in a group of contiguous claims located immediately north and east of its flagship high-grade Corner Bay copper project in the Chibougamau mining camp.

About Doré Copper Mining Corp.

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 million pounds of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill 1 . Doré Copper has delivered its PEA in May 2022 and is proceeding with a feasibility study. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold. 2 The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometer radius of Doré Copper's Copper Rand Mill.

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5) is an emerging exploration company focused on advancing the Pontax Lithium Project (earning up to 70%), the Auclair Lithium Project and the Sakami Lithium Project in the world class James Bay lithium district in Québec, Canada. In addition, Cygnus has REE and base metal projects at Bencubbin and Snake Rock in Western Australia. The Cygnus Board of Directors and Technical Management team have a proven track record of substantial exploration success and creating wealth for shareholders and all stakeholders in recent years. Cygnus' tenements range from early-stage exploration areas through to advanced drill-ready targets.

For further information about Doré Copper, please contact:

Ernest Mast Laurie Gaborit
President and Chief Executive Officer Vice President, Investor Relations
Phone: (416) 792-2229 Phone: (416) 219-2049
Email: ernest.mast@dorecopper.com Email: laurie.gaborit@dorecopper.com

Visit: www.dorecopper.com
Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release, including, without limitation, statements with respect to the proposed Arrangement and the terms thereof, the completion of the Arrangement, including receipt of all necessary court, shareholder and regulatory approvals and timing thereof, the listing of the Cygnus Shares on the TSXV, and the plans, operations and prospects of Doré Copper and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the ability to obtain approvals in respect of the Arrangement and to consummate the Arrangement, the ability to obtain approvals for the listing of the Cygnus Shares on the TSXV, integration risks, actual results of current and future exploration activities, benefit of certain technology usage, the ability of prior successes and track record to determine future results, changes in project parameters and/or economic assessments, availability of capital and financing on acceptable terms, general economic, market or business conditions, future prices of metals, uninsured risks, risks relating to estimated costs, regulatory changes, delays or inability to receive required regulatory approvals, health emergencies, pandemics and other exploration or other risks detailed herein and from time to time in the filings made by Doré Copper with securities regulators. Although Doré Copper has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. 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. Doré Copper disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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

News Provided by GlobeNewswire via QuoteMedia

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