Silver Viper Further Amends Rubi-Esperanza Option Agreement

Silver Viper Further Amends Rubi-Esperanza Option Agreement

Silver Viper Minerals Corp. (the " Company " or " Silver Viper ") (TSXV: VIPR) (OTC: VIPRF) announced today that, further to its press release April 6, 2023 it has amended the terms of the Rubi-Esperanza Option Agreement (the " Agreement ") with respect to its right to purchase 100% ownership of three mineral concessions covering 2,102 hectares at the La Virginia Gold-Silver Project (" La Virginia " or the " La Virginia Project "), located in the Sierra Madre of eastern Sonora State, Mexico .

Silver Viper Minerals Corp. logo (CNW Group/Silver Viper Minerals Corp.)

The amendment clarifies that the US$775,000 (or C$1,042,142.50 , based on a fixed exchange rate of US$-C$ of 1.3447 set out in the amendment) of Shares issuable by the Company to satisfy as a portion of the final payment under the Agreement in June 2024 , will be issued with a deemed price per Share equal to the higher of (i) the closing price of the Shares on the TSX Venture Exchange on June 24, 2024 or (ii) C$0.095 . In addition, the amendment also sets out that the Company shall not issue more than 10,969,922 Shares in satisfying this portion of the consideration due to the vendors. As previously announced by the Company, in addition to such issuance of Shares, the Company will also make a cash payment of US$200,000 to the vendors.

In satisfaction of the Company's payment of the US$1,500,000 (or C$2,017,050 , based on an exchange rate of US$-C$ of 1.3447) of Shares due to the vendors in April 2023 under the amended Agreement, the Company confirms it issued the vendors an aggregate of 16,808,750 Shares at a deemed price per share of C$0.12 on April 25, 2023 .

All Shares issued in connection with the Agreement will be subject to a statutory 4-month hold period from their respective date of issue. In addition, for a one year period following the expiry of the applicable statutory hold period, the vendors may not sell such Shares and then may only do so after providing at least 2 weeks' notice to the Company of their intention to sell any such Shares.

The vendors are at arm's length to the Company and its Affiliates or Associates (as such terms are defined in the TSXV Corporate Financial Manual).

About the Project

La Virginia is located 220 kilometres east-northeast of Hermosillo, Sonora and is prospective for low-sulphidation epithermal precious metal mineralization. The property and historical exploration database were acquired by way of option agreements made with two distinct parties. Gold and silver mineralization at La Virginia occurs within breccias, veins and stockworks, hosted primarily by andesitic volcanics, often in close spatial association to, or cross-cutting pre-mineral dacite dykes and controlled by fractures and faults that define the regional structural trend. Silver Viper's reconnaissance program identified key targets and trends which are of primary interest and subsequently filed strategic reductions in claims to attain the current project surface area of 6,882 hectares.

Silver Viper has completed a total of 141 drill holes at La Virginia for a combined 44,687 metres. Exploration drilling has paused awaiting the processing of the geophysical survey data along with the interpretation of mapping and sampling data. Drilling has been completed by Hermosillo -based drill contractor, Globexplore Drilling Corp. Drilling by the Company to date builds upon a sizeable database of recent historical work.

About the Company

Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in the northwestern Mexican state of Sonora . The Company currently operates the La Virginia Gold-Silver Project. Silver Viper has 100% ownership of the La Virginia concessions acquired from the most recent operator, Pan American Silver Corp., and has an option to acquire a 100% interest in the Rubi-Esperanza group of claims internal to those concessions. Silver Viper is under management provided by the Belcarra Group, which is comprised of highly qualified mining professionals.

ON BEHALF OF THE BOARD OF DIRECTORS,

Steve Cope
President and CEO

Forward Looking Information

Information set forth in this press release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to exploration and development, the ability of the Company to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in the Company's financial statements available on www.sedar.com . Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

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.

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SOURCE Silver Viper Minerals Corp.

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Silver Viper Minerals Amends Private Placement Financing

Silver Viper Minerals Amends Private Placement Financing

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Silver Viper Minerals Corp. (the " Company " or " Silver Viper ") (TSXV: VIPR) (OTC: VIPRF) announced today that the Company intends to amend its non-brokered private placement financing (the " Amended Offering ") to raise gross proceeds of up to approximately $2,000,000 from the sale of up to 20,000,000 units (" Units ") at a price of $0.10 per Unit, each Unit consisting of one common share of the Company (each, a " Share ") and one warrant (each, a " Warrant "). Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of $0.20 per Share for a period of 24 months from its date of issue.

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Silver Viper Minerals Updates Size of Private Placement

Silver Viper Minerals Updates Size of Private Placement

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

S ilver Viper Minerals Corp. (the " Company " or " Silver Viper ") (TSXV: VIPR) (OTC: VIPRF) announces that in connection with the Company's non-brokered private placement previously announced on November 30, 2023 (the "Offering"), it has updated the maximum size of the Offering to up to 38,636,363 units (the "Units") to raise gross proceeds of up to approximately $4,250,000 from an initial maximum of gross proceeds of up to $5,000,000 . All other terms of the Offering remain unchanged.

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Silver Viper Minerals Files Amended and Restated Offering Document in Connection with Private Placement

Silver Viper Minerals Files Amended and Restated Offering Document in Connection with Private Placement

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

Silver Viper Minerals Corp. (the " Company " or " Silver Viper ") (TSXV: VIPR) (OTC: VIPRF) announces that in connection with the Company's non-brokered private placement previously announced on November 30, 2023 (the "Offering") of up to 45,454,546 units (the "Units") to raise gross proceeds of up to $5,000,000 an amended and restated offering document (the "Offering Document") related to the Offering has been filed and can be accessed under the Company's profile at www.sedarplus.com and on the Company's website at https:silverviperminerals.cominvestors . Prospective investors should read the Offering Document before making an investment decision.

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Silver Viper Minerals Announces $5 Million LIFE Private Placement

Silver Viper Minerals Announces $5 Million LIFE Private Placement

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

Silver Viper Minerals Corp. (the " Company " or " Silver Viper ") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that the Company intends to undertake a non-brokered private placement financing (the " Offering ") pursuant to the Listed Issuer Financing Exemption (the " LIFE ") of National Instrument 45-106 - Prospectus Exemptions (" NI 45-106 ") to raise gross proceeds of up to $5,000,000 from the sale of up to 45,454,546 units (" Units ") at a price of $0 .11 per Unit. Each Unit will consist of one common share of the Company (each, a " Share ") and one warrant (each, a " Warrant "), each Warrant entitling the holder thereof to acquire one Share from the Company at a price of $0.20 per Share for a period of 24 months from its date of issue.

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Silver Viper Minerals Corp. Presents in Red Cloud's Virtual Webinar Series

Silver Viper Minerals Corp. Presents in Red Cloud's Virtual Webinar Series

Silver Viper Minerals Corp. (TSXV: VIPR) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on September 28th, 2023 at 2:00 PM ET.

We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud.

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Prismo Metals Announces Closing of Private Placement and Debt Settlement Transactions

Prismo Metals Announces Closing of Private Placement and Debt Settlement Transactions

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

Prismo Metals Inc. ("Prismo" or the "Company") (CSE:PRIZ)(OTCQB:PMOMF) is pleased to announce that further to its news release dated June 11, 2024, the Company has closed its previously announced non-brokered private placement (the "Private Placement") for gross proceeds of $1,147,500 through the issuance of 6,750,000 units of the Company ("Units

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Galloper Gold Annual General and Special Meeting Results

Galloper Gold Annual General and Special Meeting Results

Galloper Gold Corp. (CSE:BOOM) ("Galloper Gold" or the "Company") announces the results of its annual general and special meeting of common shareholders held on June 18, 2024 in Vancouver. Resolutions passed at the meeting included the appointment of D&H Group LLP Chartered Accountants as auditors for the ensuing year, an ordinary resolution to approve the adoption of the Company's omnibus equity incentive plan and the granting of equity awards thereunder in an amount up to 20% of the total issued and outstanding shares, and the election of Mark Scott, Ravinder Mlait, Bryan Loree, and Peter Lauder as directors

On behalf of the Board of Directors

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Quimbaya Gold Inc. Advances Strategic Growth with Proposed Acquisition of New Mining Title in Segovia, Colombia

Quimbaya Gold Inc. Advances Strategic Growth with Proposed Acquisition of New Mining Title in Segovia, Colombia

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

Quimbaya Gold Inc. ("Quimbaya Gold" or the "Company") (CSE: QIM) (OTCQB: QIMGF) is pleased to announce the signing of a definitive agreement for the acquisition of an additional mining property with gold and silver exploration potential, encompassing approximately 252 hectares.  The new secured title is SE9-13331 (252.7 Ha), referred to as the "Concession Contract,", is continuous northeast of Aris Mining's Segovia operation which significantly expands Quimbaya Gold's foothold in the burgeoning mining landscape of Segovia, situated northeast of Medellín, the regional capital of the Department of Antioquia, Colombia .

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Sylla Gold Amends Share Purchase Agreement to Acquire District Scale Land Package in Namibian Gold Belt

Sylla Gold Amends Share Purchase Agreement to Acquire District Scale Land Package in Namibian Gold Belt

Sylla Gold Corp. (TSXV: SYG) ("Sylla" or the "Company") announces that it has amended the share purchase agreement (the "Agreement") with Namibia Critical Metals. ("NMI") to acquire four gold properties located in Namibia as announced on March 4, 2024. Under the agreement, Sylla is to acquire NMI's 95% interest in its Namibian subsidiaries that own the rights, title and interest to the Grootfontein, Erongo, Otjiwarongo, and Kaoko licences, (Figure 1) and certain associated assets.

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[Video Enhanced} Prismo Metals raises money, targets 5,000 meter drill program in the heart of Arizona's Copper Belt

[Video Enhanced} Prismo Metals raises money, targets 5,000 meter drill program in the heart of Arizona's Copper Belt

(TheNewswire)

Prismo Metals Inc.

Vancouver, BC TheNewswire - June 13, 2024  Global Stocks News On June 11, 2024 Prismo Metals (CSE: PRIZ) (OTCQB: PMOMF) updated the market with three significant announcements .

1. The company has received commitments for a $1.1 million private placement of units at a price of $0.17 per unit.

2. At its Hot Breccia Copper Project (Arizona ), a drilling permit is expected this month.  The upcoming exploration program will focus on diamond drilling five holes with an expected depth of 1,000 metres each .

3. At its Palos Verdes Silver Project (Mexico), there is a plan for a two-phase, 10-hole 3,600- meter drill program .

Prismo Metals is a base and precious metals company strategically positioned to benefit from the global transition to green energy (copper & silver) and the dedollarization of international currencies (gold).


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1. Non-Brokered Private Placement

Prismo received commitments for 6,500,000 units @ $0.17 per Unit for gross proceeds of $1,105,000 expected to be finalized on or around June 18, 2024.

Each Unit comes with a half-warrant.  Each whole warrant entitles the holder to purchase one common share or Prismo for two years @ $0.25.

"We are pleased to welcome several new incoming shareholders who will be participating in the Private Placement ," stated Steve Robertson, President of Prismo Metals .

2. Hot Breccia Copper Project

The Hot Breccia property consists of 1,420 hectares, 227 contiguous mining claims located in the world class Arizona Copper Belt between several very well-understood world-class copper mines including Morenci, Ray and Resolution .

"At the Hot Breccia property, we're out in the desert and there's not a lot around except mines and mining towns," Alain Lambert, Prismo CEO told Guy Bennett, CEO of Global Stocks News (GSN). "The two towns in the area, Hayden (pop. 500) and Winkelman (pop. 290) are steeped in the history of Arizona mining. It's a mining friendly community with an experienced workforce."

" The anticipated exploration program at Hot Breccia will focus on diamond drilling five holes with an expected depth of 1,000 metres each , for a program total of 5,000 metres ," state Robertson in the June 11, 2024 press release. "We will soon be drilling a very exciting copper target, located in a favorable jurisdiction."

The Christmas project 4 kilometers north, is a model for Hot Breccia mineralization. It is associated with intermediate intrusive rocks into favorable sedimentary rocks. There are historic drill holes from 70's and early 80's on and near the property.

"The Christmas Mine started production before World War One and operated until 1982, with a small smelter on the property," Robertson told GSN. "It produced 25 million tonnes of 1.5% copper.  Christmas is a good indicator of the type of mineralization we are searching for at Hot Breccia."


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When investors hear "copper" they typically think "Chile" "Australia" or "Peru", but Arizona, USA is a major copper producer.

"If Arizona were a country, it would be the seventh largest producer of copper in the entire world," states the Arizona Mining Association .

There are 10 major copper mines in production in Arizona.  About 75% of US copper output comes from The Grand Canyon State.

According to the 2023 Fraser Institute Mining Survey , Arizona is the 7 th best mining jurisdiction on the global investment attractiveness index , which takes into account the impact of both policy factors and mineral endowment .

Chile, by contrast, ranks 60 th on the global investment attractiveness index.


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The Arizona Copper Belt has attracted some big mining companies.

Freeport-McMoRan (NYSE: FCX) – a $70 billion global resource company headquartered in Arizona operates the Morenci Mine which employs 3,760 workers, with a direct economic impact to the state of $691 million .

The Morenci Mine is a porphyry copper deposit that has oxide, primary and secondary sulfide mineralization.

Prismo's project, Hot Breccia shows many features in common with the neighboring systems of Morenci , Ray and Resolution .

On March 4, 2024 Prismo announced that it is engaging Exploration Technologies from San Diego, California to apply xFlare, their Artificial Intelligence (AI)-Optimized drill planning solution, to the Hot Breccia Project where a number of features suggests well mineralized Arizona-style Copper Porphyry lies at depth.

Prismo ran a ZTEM survey last year that identified a large conductive anomaly directly beneath the breccia outcrops.  Prismo expects xFlare's AI technology to zero in on where and at what depth to drill.

"ZTEM gives you a clear window into what's going on at depth," Robertson told GSN. "It's also an economic filter.  Small, mildly conductive zones are not going to show up. That's good for us. We're looking for big anomalies."


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3. At Palos Verdes Silver Project (Mexico), a plan for a two-phase, 10-hole 3,600- meter drill program .

The planned drill holes at Palos Verdes will be drilled from Vizsla Silver Corp (TSXV: VZLA) concessions, adjacent to the Palos Verdes concession and will target the Palos Verdes vein at depth," states PRIZ in the June 11, 2024 PR.

The project is located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia.

The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein.  The mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.

" Immediately following closing of the Private Placement, we will mobilize our drilling crew at our Palos Verdes for our next phase of drilling," stated Craig Gibson, Prismo Co-Founder and Chief Exploration Officer, " These holes will target the Palos Verdes vein at depth."

The Company completed its third drill campaign last year with 2,923 meters drilled in 15 holes with high grade mineralization encountered in several holes.

Assays included hole PV-23-25 with 102 g/t gold , 3,100 g/t silver and 0.26% zinc over 0.5 meters, or 11,520 g/t silver equivalent.


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Prismo Metals recently gave a presentation at the Deutsche Goldmesse conference in Germany, hosted by Soar Financial Partners.

"The Arizona Copper Belt is one of the most productive copper belts on the face of the planet," Robertson told the conference attendees in Frankfurt. "We're surrounded by world class deposits."

"One hundred kilometers to the east of our property, is Morenci which has a 75-billion-pound copper endowment," continued Robertson, "Forty kilometers to the north is Resolution which has 1.6 billion tons of 1.6% Copper. Morenci and Resolution are important to the thesis driving our exploration objectives at Hot Breccia."


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The global industrial shift towards renewable energy, electric vehicles, and the burgeoning AI sector has boosted copper's demand outlook.

"Copper is the most compelling trade I have ever seen in my 30-plus years of doing this," stated Carlyle chief strategy officer, Jeff Currie . The price of copper has risen 20% in 2024.  Currie expects it to reach $15,000 a ton in the next couple of years, about a 45% gain.

"S&P Global forecasts that copper demand will double, reaching 50 million metric tons by 2035," reports Euro News on May 15, 2024 . "The most significant demands are expected to emanate from the US, China, Europe, and India."

Prismo's Hot Breccia Copper Project in Arizona is designed meet future copper demand.

Disclaimer: Prismo Metals paid GSN CND $1,500 for the research, creation and dissemination of this content.

Contact: guy.bennett@globalstocksnews.com

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Freegold Announces Positive Metallurgical Results from Golden Summit

Freegold Announces Positive Metallurgical Results from Golden Summit

  • An average gold recovery of 77% from eight composites using conventional processing techniques – gravity and CIL (carbon-in-leach)
  • 97% using gravity + flotation.
  • A flowsheet of gravity-flotation-CIL on reground concentrate yields 72% gold recovery along with a high mass desulfurized tailings stream
  • Further optimization studies are underway.

 Freegold Ventures Limited (TSX: FVL) (OCTQX: FGOVF) ("Freegold" or the "Company") is pleased to announce positive results based on the initial metallurgical test work completed from the 2020 2022 drill program. The program's objectives were:

Freegold Ventures Limited (CNW Group/Freegold Ventures Limited)

  • Determination of gold recovery and gold deportment to products using standard and commercially employed mineral processing unit operations
  • Initial environmental assessment of process tailing stream(s)
  • Characterization of gold losses to focus ongoing metallurgical programs to optimize the flowsheet design.

Eight drill core composites representing various locations and grades within the Dolphin/Cleary areas were generated using continuous drill intervals selected to represent potential mill feed. ( See map below for hole locations. ) The drill hole and interval selections encompassed the three primary gold-hosting lithologies. Results demonstrate that a significant portion of the mineralization is non-refractory and amenable to conventional processing techniques. The composites were prepared using laboratory assay rejects of fresh rock intervals well below the existing oxide cap at Golden Summit. The eight drill hole composites used 1,192m of drill intercepts representing 587 continuous mineralized intervals with over 5,100kg of material.  Results from individual holes demonstrate recoveries up to 87.5%.  The average recovery from the eight composites was 77% using gravity and CIL. Recoveries increased to an average of 97.5% where gravity + flotation were utilized. Environmental characterization using standard ABA protocols gave a NP:AP ratio of 85:1 on the flotation tailings stream, which would classify them as non-acid generating.

Metallurgical Composite Hole Results

DDH no.

from m

to m

geochem

test calc grade

gold recovery %






grav/flot/regr CIL

grav/CIL

gravity

grav+flot




Au g/t

Au g/t














GS2201

441.1

648.3

1.44

1.06

88.2

87.1

45.0

99.2










GS2203

287.8

478

2.13

2.24

75.1

77.2

48.2

97.6










GS2206

383.1

586.1

1.17

1.02

80.2

87.5

42.7

97.3










GS2207

261.9

468.7

1.35

1.78

60.1

70.2

37.8

98.1










GS2208

266.3

367.2

1.33

1.48

48.1

53.3

25.3

97.5










GS2209

419

544.5

1.26

1.54

73.6

81.2

50.7

97.0










GS2168

352.7

479.5

0.75

0.83

63.7

73.2

31.1

94.3










GS2167

396.3

428

2.15

1.01

71.7

69.2

49.5

96.3










overall predicted grade

1.43















overall calc grade/recovery from test work


1.43

72

77

42

97

The drilling success at Golden Summit since 2020 has been truly remarkable. It has significantly increased the resource and enhanced the project's potential. These positive metallurgical results further solidify Golden Summit's potential. The current pit-constrained resource at Golden Summit hosts both an oxide and a primary resource. The oxide resource is contained within the top 70% metres. Previous column testwork on the oxide material demonstrated that heap leach gold recoveries of 85% can be achieved within two weeks.

Pit Constrained OXIDE Resource using $1,792 Gold

Cutoff Au g/t

Category

Tonnes

Au g/t

Au Ounces

0.15

Indicated

52,030,000

0.39

657,000

0.15

Inferred

18,187,000

0.47

272,000

(approximately top 70 metres)

Pit Constrained PRIMARY Resource using $1,792 Gold: ( February 2023 )

Cutoff Au g/t

Category

Tonnes

Au g/t

Au Ounces

0.45

Indicated

407,544,000

0.92

12,011,000

0.45

Inferred

282,303,000

0.85

7,736,000

Following the February 2023 resource update, Freegold conducted an additional 22,000 meters of drilling in 37 holes within the resource area. A significant increase in visible gold was observed in the drill core compared to previous programs, particularly in the western part of the resource.  An updated mineral resource report based on the 2023 drilling is expected later this month. The success of the 2023 drilling program has set the stage for an even more exciting 2024 program. The upcoming phase will focus on optimization, testing the 2km gold-in-soil geochemical anomaly to the west, drilling large diameter (PQ) holes to guide further and optimize metallurgical recoveries, and modelling before economic studies commence. Freegold has postponed the economic studies to investigate the potential for higher grades in the western extension and to conduct additional metallurgical test work, as both could significantly impact the project's economics. The primary areas of focus in the next phase of metallurgical test work are:

  • Comminution studies using half PQ core
  • Flotation concentrate oxidation pre-treatment prior to CIL

Map Showing Location of Metallurgical Composite Holes and 2024 Drilling

https://freegoldventures.com/site/assets/files/6287/goldensummit_dolphin-cleary_resource_drilling_western_a.jpg

The Qualified Person for this release is Alvin Jackson , P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited

Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2023 , filed under Freegold's profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold's operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect on Freegold's business, results of operations, and financial condition.

SOURCE Freegold Ventures Limited

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