Precious Metals

TomaGold reports high-grade sample of 3.95% TREO at Star Lake and doubles the size of its property

TomaGold reports high-grade sample of 3.95% TREO at Star Lake and doubles the size of its property

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to report positive prospecting sampling results on its 100%-owned Star Lake property, located 120 km southeast of Radisson, in the James Bay area of Québec.

TomaGold has also doubled the size of its Star Lake property to 214 map-designated claims over an area of 10,906 ha (or 109 km 2 ), the largest land position in the sector (see Figure 1). The property is characterized by multiple under-explored outcropping pegmatite intrusions that host unusual enrichment of rare earth elements (see Figure 2), and is located in one of the world's most mining-friendly jurisdictions, with ample green energy sources.

TomaGold--Star-Lake-Claims-Map

Figure 1: Star Lake Property

In the fall of 2022, TomaGold asked Dahrouge Geological Consulting Ltd. to conduct a one-day prospecting visit on the property for the purpose of resampling historic grab samples (see Table 2) containing anomalous rare earth element values.

A total of nine chip samples were collected in the area, with one returning a total of 3.95% TREO (18,974 ppm Ce2O3, 10,849 ppm La2O3, 5,369 ppm Nd2O3, 1,931 ppm Pr2O3, 902 ppm Sm2O3, 184 ppm Dy2O3, 15 ppm Eu2O3, 511 ppm Gd2O3, 27 ppm Ho2O3, 51 ppm Tb2O3, 4 ppm Tm2O3 and 608 ppm Y2O3) (see Table 1). That particular sample was from a pegmatite intrusion that lies near a shear zone mapped by the Geological Survey of Quebec and near the contact between two lithological units (Laguiche 2a and 3a).

Given these promising results, TomaGold will organize a two-week-long prospecting campaign for early summer 2023.

"This initial TREO result, coupled with Star Lake's historical results, seems to indicate that the property holds promising rare earth exploration potential, which we'll be testing more this summer," said David Grondin, President and CEO of TomaGold. "Rare earth elements are increasingly sought after as they play a critical role in permanent magnets and modern electronic applications such as electric vehicles, which supports our decision to acquire the largest land position in this part of James Bay. It is an interesting fact that since we acquired our property last fall, several mining companies have acquired claims around us, which could lead to more exploration activity and greater recognition of the area going forward."

TomaGold--Star-Lake-pic

Figure 2: Multiple outcropping pegmatites on the Star Lake property

Sample TREO La203 Ce2o3 Pr2o3 Nd2o3 Sm2o3 Eu2O3 Gd2O3 Tb2O3 Dy2O3 Ho2O3 Tm2O3 Y2O3
(%) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
C00281802 0.0 2.8 4.7 0.6 2.1 0.5 0.5 0.7 0.2 1.3 0.4 0.3 12.1
C00281803 3.95 10849.2 18974.6 1931.0 5369.0 902.2 15.9 511.8 51.4 184.8 27.3 4.0 608.3
C00281804 0.0 20.1 38.9 4.3 12.0 2.7 0.5 2.3 0.3 1.4 0.2 0.1 7.5
C00281805 0.0 18.5 36.3 4.2 12.7 3.2 0.9 3.0 0.4 2.1 0.4 0.1 12.4
C00281806 0.0 9.3 14.8 1.6 4.1 0.6 0.5 0.5 0.1 0.3 0.1 0.0 2.5
C00281807 0.0 15.9 30.6 3.4 9.5 2.0 0.5 1.7 0.2 1.2 0.3 0.1 6.7
C00281808 0.0 81.4 175.7 18.0 48.3 10.0 0.8 7.4 1.1 6.0 1.3 0.7 31.7
C00281809 0.0 50.5 100.1 11.2 30.4 7.0 0.6 5.4 0.8 4.0 0.8 0.3 25.7
C00281810 0.0 7.6 6.7 0.8 2.4 0.5 0.5 0.5 0.1 0.4 0.1 0.0 2.5

Table 1: Results of the 2022 chip sample prospection program 1

Sample TREO La203 Ce2o3 Pr2o3 Nd2o3 Sm2o3 Eu2O3 Gd2O3 Tb2O3 Dy2O3 Ho2O3 Tm2O3 Y2O3
(%) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
52871 0.5 2028.9 586.8 433.0 1225.0 185.0 4.0 178.1 13.5 37.3 4.7 0.7 137.2
52820 0.4 1243.1 586.8 292.6 867.0 161.2 2.2 141.8 12.7 42.2 5.6 1.0 156.8
52827 0.2 566.4 586.8 134.0 432.0 110.3 2.7 103.3 13.1 62.8 10.5 3.0 311.1

Table 2: Historical results from the main rare earth elements showings 2

1 Chip samples are selective by nature, and cannot be considered representative of the mineralization.
2 The results contained in the table are historical. A TomaGold qualified person has not performed sufficient work to validate these results as defined by NI 43-101. Although the historical results may not be reliable, the Corporation nevertheless believes that they provide an indication of the property's potential and are relevant for any future exploration program.

Grab samples were collected with the use of a rock hammer where possible and sample selection location was determined by the localization of historic sampling done on the property. All values over 0.4% TREO were visited and resampled. All lithogeochemical assay results of grab samples were provided by SGS Canada Inc, Minerals Services an ISO/IEC 17025, in Burnaby, British Columbia. Additional elements with over-limit detection were sent for more analysis in SGS Canada, Mineral Services an ASTM C204-84 certified laboratory, in Lakefield, Ontario. Analytical results are subject to industry-standard and National Instrument 43-101 compliant quality assurance/quality control (QA/QC) sample procedures internally at the laboratory, as described by SGS Canada.

The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation's Director of Exploration and a qualified person under National Instrument 43-101.

About TomaGold
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. TomaGold holds interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake, as well as a 24.5% interest through a joint venture with Evolution Mining Ltd. and New Gold Inc. in the Baird property, located near the Red Lake mining camp in Ontario. In addition, it owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec.

Contact:
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation's control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/56af7667-8a0e-4cbd-a1d2-aa7041307cca

https://www.globenewswire.com/NewsRoom/AttachmentNg/17b14948-ee3c-4f08-9ac3-93f98318e60f


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TomaGold

Overview

Quebec and Ontario are more than Canada’s most populous provinces. These provinces are also hosts to some of the country’s most prolific mining jurisdictions, combining the perfect storm of stability, government support in mining and high-grade mineralization discovery potential. Jumping onto investment opportunities in these provinces can present investors with a head start on the next new commodity cycle. With a forecasted call for a 30 percent return increase on commodities like copper and gold in 2021, investment interest in Canada’s biggest provinces is very much warranted.

TomaGold (TSXV:LOT,OTCQB:TOGOF) is a well-funded mineral exploration company focused on acquiring and developing highly prospective gold mineral properties. The company combines an excellent asset profile with impressive strategic partnerships and trading volume.

The company currently has five gold projects under development near the Chibougamau mining camp in Northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. These assets leverage great infrastructure and resource networks within Northern Quebec’s safe mining-friendly jurisdictions.

TomaGold’s expertly chosen projects have fast-track potential, with many groundwork milestones already achieved. Ongoing GIS data collection and 3D modeling have helped determine overarching geochemical properties and recalibrate future drilling campaigns.

In January 2021, the company reported positive preliminary results from its 2,500-meter drilling program at its wholly owned flagship Obalski gold project. Discoveries of massive sulfides and pyrrhotite, pyrite and chalcopyrite passages point to potential high-grade silver, gold and copper discoveries.

Commencing drill campaigns for this property could present similar copper-gold mining success as seen in the project’s past-producing history and neighboring development projects. The Obalski is strategically positioned near the highly prospective Philibert deposit and the Nelligan gold project currently operated by IAMGOLD (TSX:IMG) and Vanstar Mining Resources (TSXV:VSR).

TomaGold has a joint venture with Evolution Mining (ASX:EVN) and New Gold (TSX:NGD) that gives the company 24.5 percent interest in the resource-rich Baird property near the Red Lake mining camp in Ontario. Exploration work on the property from the 1980s returned assay values of 172 g/t gold over 1.2 meters and 19 g/t gold over 1.8 meters. TomaGold believes that additional high-grade gold discoveries merit further drilling campaigns set for early February 2021.

TomaGold is very well positioned for growth and project advancement as a junior mining company. It currently has over C$8 million in liquidity and cash for intended project funding and operates with a tight and deeply connected shareholder structure. Major shareholders include IAMGOLD, closely tied family offices, family members and management.

TomaGold’s management team comprises world-class experts in capital markets, geology and mineral exploration. The company’s solid technical team primes it for significant mining success and economic prosperity.

Company Highlights

  • TomaGold is a Canadian company focused on acquiring, exploring and developing highly prospective gold mineral properties. The company currently has interests in five gold properties close to the resource-rich Chibougamau mining camp in Northern Quebec.
  • The company’s valuable project profile includes Lac Doda, Monster Lake East, Monster Lake West and Hazeur, as well as its flagship Obalski project.
  • TomaGold also has a joint venture and 24.5 percent ownership in the Baird property with Evolution Mining and New Gold. The property is located in the prolific Red Lake gold belt 14 kilometers southwest of the Goldcorp Red Lake mine.
  • The company is well-funded, with over C$8 million in cash and short-term investments. Funds are intended for project advancement and development.
  • TomaGold has strong management and stakeholder foundations. The company has a tight-knit shareholder portfolio with significant shareholders, including family offices, family members and the mining heavyweight IAMGOLD.
  • TomaGold acquired a 100 percent interest in 38 claims from Noranda Royalties and 69 map-designated claims covering a total area of 5,487.52 ha.

Key Projects

Obalski Project

TomaGold’s wholly owned Obalski property hosts seven separated mineralized zones, one mining concession and one 85 meter shaft adjacent to two ramps. The property had seen limited exploration since the late 1980s when it was a considerable copper-gold producer. Covering approximately 345 hectares south of Chibougamau, Quebec, the project leverages strong government support, access roadways and rich resource networks close to major populous areas.

In 1964, United Obalski Mining mined 90,093 tonnes grading 3.0 g/t gold, 6.2 g/t silver and 1.53 percent copper. Since then, extensive drilling campaigns have resulted in 230 new open targets on the property for a total of more than 60,000 meters, most of which involves shallow drilling. A 2017 drill campaign later presented grades of 15.0 g/t gold, 46.8 g/t silver and 10.4 percent copper over 2 meters.

The property hosts widespread gold-copper mineralization with sulfide-rich quartz-carbonate veins and pyritized shear zones. This favorable geological profile primes the project for advanced development, including the continuation of a 2,500 drilling program to better define Obalski’s main PO zone.

Lac Doda Project

The highly prospective Lac Doda project operates in the resource-rich Chibougamau mining camp in Northern Quebec. The property consists of eight mineral claims over an area of 4,478 hectares. Located approximately 20 kilometers southwest of the Monster Lake property, the Lac Doda property leverages many of the same existing infrastructure and geographical advantages.

TomaGold owns 100 percent interest in the project. In July 2020, the company announced an option agreement to sell up to 80 percent interest in the Lac Doda property to Goliath Resources (TSXV:GOT). This agreement presents an exciting stage in the project’s growth.

Monster Lake East and Monster Lake West Properties

TomaGold strategically positions both projects to leverage the valuable mineralization of the Monster Lake property. Monster West consists of 21 mineral claims covering an area of 1,172.51 hectares and Monster East consists of 69 mineral claims covering an area of 4,269 hectares. The company owns 100 percent interest in both properties.

Monster Lake East is separated into three main sectors: Cookie Monster, Little Monster and Monster Island. A July 2018 IP survey revealed a large copper geochemical anomaly with a striking distance of several kilometers. Surveying also identified gold assay results just below 1 g/t gold and 14 potential high-priority gold and copper targets at depths of 100 to 350 meters.

Future plans include detailed airborne and ground geophysical surveying data compilation. TomaGold intends on using this analysis for drill recommendations and target generation for both properties.

Hazeur Project

The Hazeur project consists of 61 mineral claims and covers 2,863 hectares along the southern border of the Monster Lake property. TomaGold currently has 70 percent interest in the property and is strategically positioned as the project operator. The project covers the Joe Mann-Guercheville corridor with numerous gold occurrences along the property’s deformation zone.

Regional mineral grades include 0.24 g/t gold over 80.4 meters and 0.30 g/t gold over 70.0 meters. The company hopes to mimic some of its best drilling results of 24.55 g/t gold over 0.50 meters and 7.66 g/t gold over 1.25 meters in future development campaigns.

Since 2015, Hazeur has seen successful high-definition magnetic VTEM-type airborne surveying over the property and advanced drilling. This exploration reported significant gold intersections across seven drill holes. TomaGold intends to continue exciting exploration and property assessment of this valuable project into 2021.

Baird Property

TomaGold is currently in a joint venture with Evolution Mining and New Gold for the Baird property. The company holds a 24.5 percent interest in Baird, with Evolution owning a majority 51 percent as the project operator.

The Baird property lies in the prolific Red Lake gold belt 6 kilometers north of the Madsen Mine and 14 kilometers southwest of the Red Lake mine. The asset’s geological profile includes volcanic rock coverage and the famous structural and alteration system characteristics of Red Lake and Campbell mines. This profile could explain the impressive assay values of 172 g/t gold over 1.2 meters and 19 g/t gold over 1.8 meters reported from early drilling programs.

TomaGold plans to continue property assessment and development work for early 2021.

Management Team

David Grondin — President & CEO

David Grondin has worked in the financial and mining sectors for over 20 years. He has been the president and CEO of TomaGold since December 2011 and is a director of AM Resources. He was also president and CEO of NQ Exploration Inc. and has acted as a financial analyst for CTI Capital Inc. Grondin has a bachelor degree in business administration (finance) from HEC Montréal and experience in initial public offerings, mergers and acquisitions and reverse takeovers.

Martin Nicoletti, CPA, CGA — CFO

Martin Nicoletti is a certified general accountant with more than 22 years of experience. He has been involved in global exploration activities with public junior mining companies since 2004. His duties include financial controls and financial reporting. He presently acts as CFO for several public companies.

André Jean, P.Eng — Director of Exploration, Quebec

André Jean was the chief engineer geologist for the Monster Lake project from its commencement until his departure in 2018. He has over 35 years of geology experience, having worked for multiple mining companies located in Quebec, Central and South America and Africa, including Les Mines Seleine, Louvem, Lac Minerals and Osisko. Jean graduated from Université du Québec à Chicoutimi in 1979 with a degree in geological engineering.

Caitlin Jeffs, P.Geo — Director of Exploration, Ontario & Rest of Canada

Caitlin Jeffs received her Honors B.Sc. in Geology from the University of British Columbia in 2002. Caitlin has worked for several junior and major companies since 2002 in both gold and base metal exploration. Most of her experience has been with Placer Dome CLA Inc. and Goldcorp Inc. managing all aspects of in-depth exploration projects and specializing in GIS technology and 3D modeling of ore bodies. She is a founding partner and 33 percent owner of Fladgate Exploration Consulting Corporation of Thunder Bay, ON, a full-service mineral exploration consulting firm.

TomaGold closes $974,125 first tranche of private placement and grants options

TomaGold closes $974,125 first tranche of private placement and grants options

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce that it has closed a first tranche of $974,125 (the " First Tranche ") of a non-brokered private placement of up to $2,000,000 (the " Private Placement "). The Private Placement comprises (i) common shares in the capital of the Corporation issued on a "flow-through" basis at a price of $0.055 (each, a " FT Share "), and (ii) units of the Corporation at a price of $0.05 (each, a " Unit "). Under the First Tranche, the Corporation issued 15,420,455 FT Shares for gross proceeds of $848,125 and 2,520,000 Units for gross proceeds of $126,000 .

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TomaGold acquires highly prospective Star Lake rare earth elements property in James Bay

TomaGold acquires highly prospective Star Lake rare earth elements property in James Bay

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce the acquisition of 96 map-designated claims covering an area of 4,962.6 ha (or 50 km²), located 120 km southeast of Radisson and approximately 15 km south of the recently acquired claims in James Bay. The property will be known as Star Lake and has been the subject of geophysical surveys that have identified six rare earth element showings.

"The last two claim acquisitions allow TomaGold to diversify its assets in the critical metals sector at low cost," said David Grondin, President and CEO of TomaGold. "The lithium and rare earth element markets are growing rapidly due to the scarcity of these metals and the acquisition of these properties represents opportunities that could not be passed up. This will only strengthen our portfolio of eight properties, including our flagship Obalski project, with results pending from the latest drill program."

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TomaGold takes strategic position in the lithium sector with the acquisition of 107 claims near the Lithium Brisk project

TomaGold takes strategic position in the lithium sector with the acquisition of 107 claims near the Lithium Brisk project

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce the acquisition of a 100% interest in 38 claims from Noranda Royalties and the acquisition of 69 map-designated claims covering a total area of 5,487.52 ha (or 55 km 2 ). These claims are located near Zones 1, 2, 3 and 6 of the James Bay Lithium Brisk project optioned by Monger Gold and along and south of the Trans-Taiga regional road and power line infrastructure, approximately 5 km from the LG-3 airport. These claims are also located on the same geological corridor as the Cancet (5.6% Li2O over 36.5 m) and Corvette (1.65% Li2O over 159.7 m) projects, held by Winsome Resources and Patriot Battery Metals respectively, further east.

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TomaGold reports strong geophysical anomalies on the southern portion of Obalski

TomaGold reports strong geophysical anomalies on the southern portion of Obalski

Company starts 3,000-metre drilling program to test the new anomalies

CEO Interview today at 9:00 AM ET: Update on Obalski

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TomaGold reports the outcome of its annual meeting

TomaGold reports the outcome of its annual meeting

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to report the results of its annual general and special meeting of shareholders, which was held today on a hybrid basis. All the nominees listed in the Corporation's management proxy circular dated May 30, 2022, were re-elected as directors.

Shareholders holding 53,106,180 shares, or 33.04% of TomaGold's issued and outstanding shares were present or represented by proxy at the meeting.

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Alianza's SW Copper Alliance Retains 100% of Klondike Copper Property, Colorado

Alianza's SW Copper Alliance Retains 100% of Klondike Copper Property, Colorado

(TheNewswire)

Alianza Minerals Ltd

Vancouver, BC TheNewswire - February 3, 2023 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) announces that it received notice from option partner, Allied Copper Corp. ("Allied"), that Allied is terminating its optio n on the Klondike Copper Property in southwest Colorado, effective February 2, 2023.

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Snowline Gold Intersects 363.5 M Of 1.4 Grams Per Tonne Gold from Surface Including 129.9 M Of 2.0 Grams Per Tonne Gold at Its Valley Discovery, Rogue Project, Yukon

Snowline Gold Intersects 363.5 M Of 1.4 Grams Per Tonne Gold from Surface Including 129.9 M Of 2.0 Grams Per Tonne Gold at Its Valley Discovery, Rogue Project, Yukon

  • Hole V-22-028 returned 1.40 g/t Au over 363.5 m from surface, including 2.03 g/t Au over 129.9 m and 2.15 g/t Au over 42.3 m from its Valley Zone
  • Additional results extend known strike length of potentially economic gold grades along mineralized corridor to 720 m (open) and delineate gold-bearing quartz vein arrays along relatively underexplored eastern boundary of the Valley intrusion
  • Assays still pending for 7 of 32 holes (3,474 m, or 26% of 13,320 m) drilled at Valley and Gracie in 2022.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce additional preliminary assay results from its 2022 drilling program at the Valley Zone, Rogue Project, Yukon. Notably, hole V-22-028 intersected a zone of sheeted quartz vein mineralization within the Valley intrusion averaging 1.40 gt Au across 363.5 m from surface, including zones of 2.03 gt Au over 129.9 m and 2.15 gt Au over 42.3 m, with additional mineralization at depth (Tables 1 and 2). The hole was collared 121 m from the nearest hole (V-22-014; 285.2 m @ 1.45 gt Au) and drilled northeast, demonstrating continuity of mineralization within Valley's near-surface mineralized corridor. Assays remain pending for 26% (3,474 m) of the 2022 Rogue drill program

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Bathurst Metals Announces Peerless Claims Option

Bathurst Metals Announces Peerless Claims Option

(TheNewswire)

Bathurst Metals Corp

Vancouver, B.C. February 2, 2023 Bathurst Metals Corp. ("Bathurst" or the "Company") ( TSXV:BMV ) ( OTC:BMVVD ) is pleased to announce it has entered into a definitive Option Agreement with arm's length vendor BCT Holdings Corp . ("BCT") to acquire an undivided 100% interest in 12 mineral claims known as the "Peerless Property".  The Company previously entered into a letter of intent with BCT, the terms of which were announced on November 17, 2022.

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WALKER RIVER ANNOUNCES ADDTIONAL DRILL RESULTS FROM THE LAPON GOLD PROJECT

WALKER RIVER ANNOUNCES ADDTIONAL DRILL RESULTS FROM THE LAPON GOLD PROJECT

Walker River Resources Corp. (" Walker " or the " Company ") (TSX-V: " WRR ") is pleased to announce drill results from the late 2022 reverse circulation (" RC ") drill program at the 100% owned Lapon Gold Project located approximately 60 kilometres southeast of Yerington, Nevada.

Drilling continues to confirm mineralization at Lapon Canyon and extend the Hotspot zone. At total of ten (10) holes were drilled here, including seven (7) at the new Hotspot zone, discovered during 2022.

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Silver Viper Announces Expiry of Non-Binding LOI

Silver Viper Announces Expiry of Non-Binding LOI

Silver Viper Minerals Corp. (the " Company " or " Silver Viper ") (TSXV: VIPR) (OTC: VIPRF) announces that its previously announced non-binding letter of intent (the " LOI ") dated November 6, 2022 as amended December 20, 2022 with Canasil Resources Inc. (TSXV: CLZ) (" Canasil ") has expired in accordance with its terms.

While the Company and Canasil are not proceeding with the transactions contemplated by the LOI following its expiry, the parties may still explore alternative strategic transactions in the future.

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AUGUSTA GOLD COMMENTS ON TRADING ACTIVITY

 Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE: 11B ) (" Augusta Gold " or the " Company ") is issuing this press release in response to recent trading activity of its stock.

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

Augusta Gold is not aware of any material, undisclosed information related to the Company that would account for the recent decrease in the market price and increase in level of trading volume of its shares of common stock.

The Company further confirms that it has no agreements, paid research relationships or any other marketing arrangements with any parties to provide marketing services to the Company.

About Augusta Gold

Augusta Gold is an exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Reward and Bullfrog gold projects and pursuing accretive M&A opportunities. The Reward and Bullfrog gold projects are located in the prolific Bullfrog mining district approximately 120 miles north-west of Las Vegas, Nevada and just outside of Beatty, Nevada . The Company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/augusta-gold-comments-on-trading-activity-301733953.html

SOURCE Augusta Gold Corp.

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