Precious Metals

Highlight Holes:
Hole NE-21-184 - 20.0 m of 2.02 g/t Au and 10.5 m of 1.11 g/t Au
Hole NE-21-182 - 30.6 m of 1.15 g/t Au
Hole NE-21-176 - 11.8 m of 4.44 g/t Au and 7 m of 2.21 g/t Au and 19.5 m of 1.44 g/t Au

Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) ("Vanstar", or the "Company") is pleased to announce the remaining assay results from the 2021 diamond drill program consisting of 9,492 meters in 27 holes on the Nelligan joint venture project (IAMGOLD Corporation ("IAMGOLD"): 75%, Vanstar: 25%) completed by its partner IAMGOLD. The Company is reporting assays from the remaining 14 diamond drill holes totaling 5,232 meters completed in the western extension of the deposit. The 2020 drill program extended the mineralized zone by 700 m beyond the resource that was modelled in 2019. Current results from 2021 drilling, summarized in Table 1 and 2 below, indicate that the mineralization continues further to the west, although the zones appear to be thinning with locally improved grades. Hole NE-21-190, for example, located 1,100 m to the west of the current resource intercepted 9 m grading 3 gt Au and the most western hole (NE-21-188) intercepted 6 m grading 2.63 gt Au, 1.5 km from the 2019 pit shell.

2022 Exploration Program

The winter drilling program at Nelligan is progressing with approximately half of the planned 6,000 meters drilled to date. This drill program is designed to expand the existing resource at depth, with 5 to 6 holes planned below the pit shell with target depths of 500 meters on average, as well as to test targets along strike both to the east and west of the current resource. Results from this program, along with the 2020 and 2021 results, will be incorporated into the drill hole database once they are validated and compiled. IAMGOLD announced on December 16, 2021 that it intends to provide an updated resource for the Nelligan project towards the end of 2022.

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Figure 1: Results of the 2021 Drill Program in the Western Extension.

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Table 1 Nelligan Project 2021 Drilling Results

Hole No.FromToIntervalTrue Width (1)Au (2) (3)ZONE

(m)(m)(m)(m)(g/t)
NE-21-176113.30125.1011.808.344.44RENARD WEST
Including (3)121.50123.001.501.0614.30

133.97141.007.034.972.31RENARD WEST FW
Including (3)133.97136.502.531.795.14

249.00252.003.002.461.00

261.00280.5019.5015.971.44
Including (3)274.50276.001.501.236.54

297.00304.507.506.140.63

337.50355.5018.0014.740.54
NE-21-17941.7454.0012.267.880.64RENARD WEST

60.0070.5010.508.041.12

82.00106.5024.5015.750.90RENARD WEST FW

115.50130.5015.009.640.85

136.50147.0010.508.040.53

171.00178.507.505.750.63
NE-21-181145.80162.0016.2012.410.85RENARD WEST
Including (3)156.00159.553.552.721.97

219.00238.5019.5015.971.11RENARD WEST FW
Including (3)228.00229.501.501.235.31
Including (3)235.50238.503.002.462.17

247.50253.506.004.910.74

261.00273.0012.009.191.22
Including (3)261.00262.501.501.155.36

282.00297.0015.0011.492.47
Including (3)295.35297.001.651.268.46

303.00306.003.002.461.25

316.50319.503.002.461.35

342.00358.5016.5013.520.57

381.00385.504.503.691.64
NE-21-182145.50148.503.002.461.06RENARD WEST FW

260.36291.0030.6425.101.15
Including (3)267.00270.003.002.492.90
Including (3)277.50283.255.754.822.21

297.00300.003.002.461.25

321.00324.003.002.461.39
NE-21-183A63.0066.003.002.301.95RENARD WEST FW
NE-21-183B166.50187.5021.0016.091.26RENARD WEST FW

243.57249.005.434.160.97

255.00262.507.505.750.71
NE-21-184171.00191.0020.0015.322.02RENARD WEST FW
Including (3)175.50177.001.501.1517.40

237.00240.003.002.302.70

270.00280.5010.508.041.11
NE-21-185181.50196.5015.0012.292.36RENARD WEST FW

210.00222.0012.009.830.74

271.05285.0013.9511.430.68
NE-21-186289.50297.007.506.501.16RENARD WEST FW

312.00322.5010.509.090.96

331.50348.0016.5014.290.99
NE-21-187342.82349.156.335.480.48RENARD WEST FW

364.50366.001.501.302.57

390.00396.006.005.200.58

403.50406.503.002.601.06
NE-21-188307.50313.506.005.202.63RENARD WEST EXTENSION

325.50327.001.501.301.97
NE-21-189136.50154.5018.0015.590.82RENARD WEST EXTENSION
Including (3)136.50138.001.501.303.64

183.00184.501.501.303.70

235.50240.004.503.900.67

249.00255.006.005.200.96
NE-21-190217.50222.004.503.901.65RENARD WEST EXTENSION

267.00276.009.007.793.00
Including (3)273.00274.501.501.3014.05

330.00333.003.002.600.99
NE-21-191456.00463.507.506.500.56RENARD WEST FW

477.00481.504.503.900.94

498.00508.5010.509.090.67

532.50537.004.503.900.96

556.50562.506.005.200.96
Including (3)561.00562.501.501.302.33

618.00619.501.501.302.95
(1) True widths are estimated at 65 to 95% of the core interval.
(2) Drill hole intercepts are calculated with a lower cut-off 0.50 g/t Au and may contain lower grade interval of up to 5 metres in length. They are generally reported with a minimum g*m (or Metal factor) of 5.
(3) Assays intervals are reported uncapped and capped at 30 g/t Au and high grade sub-intervals are highlighted.

 

Table 2 Nelligan Project Drill Hole Information

Hole No.UTM NAD83 Zone18AZDIPEOH

EastingNorthingElevation(°)(°)(m)
NE-21-176521903.65473713.5377.7345-45396.00
NE-21-179522092.75473867.2374.4330-45282.00
NE-21-181522053.35473711.9373.7340-45405.00
NE-21-182521780.15473686.6376.8340-45420.00
NE-21-183A521807.65473793.3374.1340-4587.00
NE-21-183B521807.65473793.3374.1345-50294.00
NE-21-184521754.55473776.8374.1345-50312.00
NE-21-185521704.35473764.9373.3345-50315.00
NE-21-186521550.05473701.1369.3342-48402.00
NE-21-187521459.55473626.3368.4342-48492.00
NE-21-188520649.05473658.2378.3342-48402.00
NE-21-189520869.45473676.3376.3342-48402.00
NE-21-190521088.65473688.9371.8342-48402.00
NE-21-1915216345473536374342-48621.00

 

Qualified Person

Mr. Gilles Laverdière, P.Geo, consultant geologist and qualified person under NI 43-101 has reviewed and approved this press release.

About Vanstar

Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and 1% NSR. The Nelligan Project won the "Discovery of the Year" award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar is also earning 75% into the Bousquet-Odyno project located along the Cadillac Break and owns 100% of the Felix property in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property), the Amanda property, a 7,306 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters, and the Frida and Eva properties located in the James Bay area.

SOURCE:

JC St-Amour.
President and CEO
+1 (647) 296-9871
jc@vanstarmining.com
www.vanstarmining.com

The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.

FORWARD LOOKING STATEMENTS:

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

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B2Gold logo (CNW Group/B2Gold Corp.)

Shareholders voted overwhelmingly in favour of all items of business before the Meeting. The nine director nominees listed in B2Gold's Management Information Circular ("the "Circular") dated May 11, 2022, were elected as directors of B2Gold to hold office for the ensuing year or until their successors are elected or appointed. Detailed results of the vote for each director are set out below:

Name

Total Votes
in Favour

Total Votes
Withheld

Outcome of
Vote

Clive Johnson

736,151,813

96.09 %

29,915,129

3.91 %

Approved

Robert Cross

709,667,695

92.64 %

56,399,248

7.36 %

Approved

Robert Gayton

700,910,563

91.49 %

65,156,380

8.51 %

Approved

Jerry Korpan

719,751,227

93.95 %

46,315,715

6.05 %

Approved

Bongani Mtshisi

762,480,309

99.53 %

3,586,634

0.47 %

Approved

Kevin Bullock

763,103,938

99.61 %

2,963,005

0.39 %

Approved

George Johnson

763,543,292

99.67 %

2,523,650

0.33 %

Approved

Robin Weisman

692,770,896

90.43 %

73,296,046

9.57 %

Approved

Liane Kelly

723,856,744

94.49 %

42,210,199

5.51 %

Approved

The resolutions to set the number of directors of the Company at nine and to appoint PricewaterhouseCoopers LLP as auditor of the Company were approved with 99.65% and 99.47%, respectively, of votes cast in favour.

The resolution regarding the Advisory Vote on Company's approach to Executive Compensation was approved with 80.36% of votes cast in favour.

A report on all items of business voted on at the Meeting will be filed on SEDAR at www.sedar.com .

Webcast/Dial-in Playback Details

A playback of the Meeting will be available until Wednesday, July 6, 2022 , on B2Gold's events page or by dialing +1 416-764-8677 (local – Toronto) or +1 888-390-0541 (toll free – North America) (passcode 420261#).

About B2Gold Corp.

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada . Founded in 2007, today, B2Gold has operating gold mines in Mali , Namibia and the Philippines and numerous exploration and development projects in various countries including Mali , Colombia , Finland and Uzbekistan .

On Behalf of B2GOLD CORP.
"Clive T. Johnson"
President & Chief Executive Officer

For more information on B2Gold, please visit the Company's website at www.b2gold.com or contact:

Randall Chatwin
SVP, Legal & Corporate Communications

+1 604-681-8371

rchatwin @ b2gold.com

Cherry DeGeer
Director, Corporate Communications
+1 604-681-8371
cdegeer@b2gold.com

The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/b2gold-announces-voting-results-from-its-2022-annual-general-and-special-meeting-301573625.html

SOURCE B2Gold Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/22/c4774.html

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