Getchell Gold Corp. Announces Amendment of Warrants

2022-10-02 23:18:01 By : Ms. Angela Yang

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") announces that the Company has sought and was granted exemptive relief by the Canadian Securities Exchange (the "CSE") for an amendment to the terms of 1,398,750 common share purchase warrants (the "Warrants") that were issued pursuant to a non-brokered private placement of units of the Company that closed on September 28, 2020.

The Company proposes to extend the expiry date of the Warrants from September 28, 2022 to September 28, 2023, and amend the exercise price from $0.60 to $0.50. All other terms and conditions of the Warrants remain unchanged. None of these Warrants have been exercised to date. Warrant holders are advised that replacement warrant certificates will not be issued and that the original warrant certificate must be presented to the Company in order to effect the exercise of the Warrants.

None of the warrant holders are related parties to the Company. In accordance with the policies of the CSE, no compensation warrants issued in connection with the prior financing are being extended.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

The Company reiterates that its near-term strategy to advance its assets is not impacted by the COVID-19 Corona virus. The Company continues to monitor the situation and is in compliance with all government guidelines.

For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com.

Mr. William Wagener, Chairman & CEO

Getchell Gold Corp. 1-647-249-4798 info@getchellgold.com

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the amendment of the Warrants. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137522

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Getchell Gold Corp. (CSE:GTCH,OTCQB:GGLDF) is a mineral exploration company advancing its growing portfolio of gold and copper projects in the premier mining jurisdiction of Nevada.

Getchell Gold’s flagship Fondaway Canyon features a significant historical gold resource, and the 2020 and 2021 drill programs both extended broad zones of mineralization and discovered new high grade zones. The company is also actively exploring the Copper-gold-silver Star Project, and owns the Dixie Comstock gold and Hot Springs Peak gold projects.

Getchell Gold has stated that it will be one of the more active explorers in the region in 2022. The company has secured two drill rigs, which will allow the maiden drilling program at the Copper-Gold-Silver Star Project to commence in early 2022, and for the Fondaway Canyon drill program to proceed for the entire drilling season. Getchell Gold and its projects benefit from Nevada’s prominence as one of the top mining jurisdictions in the world due to the state’s mineral-rich geology, clear and consistent permitting process, low-cost drilling, excellent access to infrastructure and well-established local labor pool. Nevada boasts 23 major gold mines and is ranked fourth in the world for gold production, producing 5.5 million ounces of gold annually.

Getchell Gold is managed by a team of mining professionals and resource-based capital market specialists. Bill Wagener, CEO, is a seasoned mining executive with over 40 years of international mining and exploration experience in a variety of commodities. President Mike Sieb, a very experienced geologist and mining executive, is taking an active role in directing the Company’s exploration activities.

The western extent of Fondaway Canyon was the site of major activity, tungsten exploration and mining, from 1956 through to 1976 until gold was discovered farther up the canyon to the east in 1977. Since then there have been various operators conducting multiple exploration and drill campaigns (>600 drill holes), at least two periods of underground exploratory development and two periods of small-scale open-pit mining (~200,000 tons of oxide ore). The most recent exploration occurred in 2017, when Canarc Resource Corp. (“Canarc”) drilled 7 holes collared across the project area.

Prior to the 2017 drill program, Canarc commissioned a Technical Report authored by Techbase International Ltd. reporting a historical Indicated resource estimate of 409,000 gold ounces contained in 2,050,000 tonnes grading 6.18 g/t and Inferred resource estimate of 660,000 gold ounces contained in 3,200,000 tonnes grading 6.4 g/t, using a 1.8 m width cut-off and a cut-off grade of 3.43 g/t gold. Of note, the historical resource estimate does not include the 7 holes Canarc drilled in 2017, which all intersected multi-gram mineralization both inside and outside of the area of the historical estimate.

Re-evaluating the historic resource estimates at a variety of cutoff grades and mining widths could add ounces to Fondaway Canyon. This re-evaluation is expected to also provide direction for the development of a comprehensive exploration program.

The historical 2017 technical report also reported on significant metallurgical testing that included a sizable bulk sampling program. Using an oxidize pre-treatment followed by CIL leaching yielded gold recoveries of 86 percent to 95 percent. Using a two-product flotation circuit, producing a carbon concentrate, then a sulfide concentrate, followed by CIL leaching of the flotation tails, yielded gold recoveries from 93 percent to 95 percent.

Fondaway Canyon hosts multiple untested exploration targets, including near-surface oxide gold along favorable structural and host rock targets and deeper extensions of the sulfide zones. One of the most significant opportunities includes a lower grade halo around the resource shell unaccounted for in the historical resource estimate. In addition, there is significant exploration upside along trend and under-explored infill areas of the known gold occurrences, and all of the mineralized zones remain open to depth.

The Star Point property is an early-stage gold-copper project covering 1,600 hectares in Pershing County, Nevada. Located on the West Central Rift of the Northern Nevada Rift which hosts the prolific Sleeper deposit, the Star Point property has large scale mineralization potential. The project contains three surface mineralized project areas named Star Point, Star South and HS Canyon.

The property has four identified mineralized targets, including known copper mineralization with possible mineralized porphyry connection to concealed intrusion, Phoenix-style intrusive copper-related and potential skarn-hosted gold, potential Carlin-style sediment-hosted gold identified by sampling and geophysics and a potential gold target under pediment identified by geophysics. Exploration of these four targets to date includes mapping, sampling and geophysics.

Star Point is the site of a historic, near-surface, mining operation underlain by a magnetically defined intrusion. The IP-Resistivity survey over the intrusion returned chargeability and resistivity highs that have been interpreted as potential copper sulfide mineralization, possibly intrusion-related. Surface sampling returned grades up to 3.23 percent copper.

The Star South is a historic artisanal shallow mining area that contains surface copper-gold oxide mineralization along northeast-trending faults and along the thrust fault boundary at the surface. An IP-Resistivity survey returned elevated chargeability and a resistivity high indicating the presence of a strong conductor. Surface sampling returned grades up to 2.65 percent copper. A target to the west of Star South in the pediment was identified by geophysics which indicated that there is a shallow strong chargeability for intrusion-related mineralization at a nearby magnetic high

The HS Canyon is a new target on the BVP property defined by the IP/Resistivity survey as a downward continuation of surface Carlin-style alteration and gold mineralization. During mapping, 0.5 g/t gold mineralization was discovered.

The Dixie Comstock gold project covers 26 unpatented lode claims in Churchill County, Nevada. The project hosts a low-sulfidation epithermal system localized along an east-dipping range-front normal fault (Dixie Comstock Mine Fault) on the east flank of the Stillwater Range Mineralization.

The original gold discovery occurred in April 1934. By 1940 a 200-foot decline shaft and a 100-foot vertical shaft with four levels at 38ft, 57ft, 73ft and 88ft had been developed. A 40-ton amalgamating mill with a flotation circuit was constructed to treat the ore at site.

The majority of the historic mining occurred prior to 1942 when the War Production Board issued a limitation work order under which the Dixie Comstock Mine was shut down after producing 17,880 tons of gold-silver ore. The ratio of gold:silver was reported to be 2:3, with a “gold equivalent” grade of 0.793 oz/ton. In subsequent years, sporadic small-scale mining occurred, but the majority of activities focused on further delineation of the gold mineralization with 180 holes drilled in close vicinity to the mine workings over multiple drill campaigns and operators.

A historical resource estimate was conducted for the project, but Getchell is not relying on this estimate and a qualified person for Getchell Gold Corp. has not done sufficient work to confirm the historic resources.

The Hot Springs Peak (HSP) property is an early-stage gold exploration project in Humboldt County, Nevada. The HSP gold project has seen limited exploration, but there are indications of a Carlin-style alteration system. The property is located within the Northern Nevada Rift, which is home to numerous mines and deposits and is at a structural intersection similar to the Barrick and Newmont’s Getchell Gold Mine.

Drilling by Getchell Gold in the summer of 2019 had positive results including in hole HSP-RC5 which intersected a 26-meter gold-arsenic zone. The zone averages 0.133 g/t gold with one interval running 0.69 g/t gold.

William Wagener is an internationally experienced mining executive who has been involved in the exploration, development and operation of resource projects across the globe in a variety of commodities. He has held numerous executive positions in publicly traded resource companies. Wagener received a Bachelor of Science in Mining Engineering from the University of Missouri – Rolla.

Before becoming president of Getchell Gold, Mike Sieb served as a director since December, 2018. He has also been a director and officer of numerous publicly traded companies over his 30 year career with his expertise extending across multiple commodities and jurisdictions. He is currently President of Explorex Resources Inc., focused on the acquisition and development of international cobalt projects and other elements critical to the battery sector; and he is Senior Project Manager for the development stage Mariana Lithium Brine Project in Argentina. Mike Sieb holds an MBA and a Bachelor of Science degree in Geology.

Jerry Bella is an independent financial consultant with over 40 years of experience assisting numerous private and publicly-traded companies including oil and gas, exploration, mineral resource exploration, manufacturing and high tech companies. Until recently, he has been providing services to a multi-billion-dollar market capitalized leading China based integrated lithium producer.

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to provide assay results for drill hole FCG22-19 that successfully intersected and extended the North Fork zone gold mineralization at the Fondaway Canyon gold project in Nevada.

"The North Fork zone continues to produce remarkable grades and thicknesses as we step out from our discovery hole." states Mike Sieb, President, Getchell Gold Corp. "The North Fork zone is developing into a major region of concentrated gold mineralization, and I expect will contribute greatly to the gold model currently being generated."

To watch a video that provides a detailed summary of the key highlights from the 2020 to 2022 drill programs at Fondaway Canyon, click here: https://youtu.be/jCVNIxheGNM

Drill hole FCG22-19, the third drill hole of the 2022 drill program at Fondaway Canyon (the "Project"), was designed to follow up on the high-grade gold discovered by FCG21-16 that returned 10.4 g/t Au over 25.0 m within a broader interval grading 6.3 g/t Au over 50.7 m (Company news release dated February 15, 2022).

FCG22-19, drilled vertically from the same drill pad as hole FCG21-16 (Figure 1), targeted the North Fork mineralized zone as a 30m step out to the southwest.

FCG22-19 intersected multiple significant intervals of gold mineralization along a 145.1 m drill length, from 105.8 to 250.9 metres down hole with a core mineralized zone grading 1.8 g/t Auover 107.5 m from 120.0 to 227.5 m down hole (detailed in Figure 2 and Table 1).

Combined with FCG22-17 that intersected 3.8 g/t Au over 85.9 m (Figure 2) and FCG22-18 that intersected 2.5 g/t Au over 43.4 m and 2.1 g/t Au over 46.5 m (Company news release dated Aug. 17, 2022), with respective step-outs of 15 metres to the northwest and 50 metres to the east, FCG22-19 represents the third successful step-out hole from the 2021 North Fork high-grade discovery.

The gold mineralized intervals encountered in hole FCG22-19 will be incorporated and will be the cut off point for data inclusion into the forthcoming Mineral Resources estimate scheduled for completion this Fall.

The North Fork gold zone remains open in most directions and follow up drilling is underway to continue to step out, further delineate, and model the rapidly expanding North Fork zone.

Figure 1: Fondaway Canyon plan map highlighting Getchell's 2020, 2021, and 2022 drilling.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/138555_b99125cf247d19f3_001full.jpg

Table 1: Drill Hole FCG22-19 Notable North Fork Gold Intervals

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/138555_b99125cf247d19f3_002full.jpg

Figure 2: Cross-section highlighting gold intervals in drill holes FCG21-16, FCG22-17, and FCG22-19.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/138555_b99125cf247d19f3_003full.jpg

2022 Fondaway Canyon Drill Program Update

Eight holes have been completed (FCG22-17 to 23 and FCG22-25) to date in the Central Area during the 2022 drill program at Fondaway Canyon, totalling 3,260 m. Assay results have been released for three of those holes (FCG22-17 to 19) and assays are pending for holes FCG22-20 through FCG22-25.

Holes FCG22-17, 18, 19, 22, 23, and 25 collared on the same pad as FCG21-16, were designed as step outs to test the extent of the North Fork mineralization encountered in hole FCG21-16. Holes FCG 22, 23, and 25 were additionally designed as step outs to test the extent of the lower North Fork gold zone discovered in FCG22-18 that graded 1.9 g/t Au over 72.6 m.

FCG22-20, a vertical drill hole, was designed to test the mineralization directly below the Colorado Pit in an area relatively absent of drilling.

FCG22-21, stationed midway up the north slope of Fondaway Canyon, was designed to crosscut the Colorado SW zone of mineralization to assist with modelling and to test the extents of the mineralization to the northwest.

FCG22-26, stationed near the canyon floor on the same pad as FCG21-12 and 15, is in progress and is designed to target the eastern extent of the Colorado SW zone.

Drilling is ongoing with plans to drill through to the end of the 2022 field season.

Figure 3: Fondaway Canyon Central Area - Drill Hole FCG22-23 Targeting the North Fork Zone (looking NE)

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/138555_b99125cf247d19f3_004full.jpg

A second drill rig has commenced drilling the Pediment target zone at Fondaway Canyon with hole FCG22-24. The Pediment Target is the westernmost known gold mineralized occurrence along the 3.5 km long E-W trending Fondaway Canyon gold mineralization corridor. The area is completely blanketed by a broad alluvium cover which is typical of the range and basin geomorphology for the area.

Two vertical drill holes completed in 2002, 02FC-10 and 02FC-11, were collared 185 metres apart and designed to test potential gold mineralization beneath the sediment cover on trend with the Fondaway Canyon E-W gold corridor. Both holes successfully intersected thick lower grade gold intersections with hole 02FC-10 intersecting 27.4 m grading 0.82 g/t Au and 02FC-11 intersecting 36.6 m grading 0.52 g/t Au.

Scott Frostad, P.Geo., is the Qualified Person (as defined in NI 43-101) who reviewed and approved the content and scientific and technical information in the news release.

The 2022 drill core is being processed using the same methods as the 2020 and 2021 drill programs. The core is cut at Bureau Veritas Laboratories' ("BVL") facilities in Sparks, Nevada, with the samples analyzed for gold and multi-element analysis in BVL's Sparks, Nevada and Vancouver, BC laboratories respectively. Gold values are produced by fire assay with an Atomic Absorption finish on a 30-gram sample (BV code FA430) with over limits re-analyzed using method FA530 (30g Fire Assay with gravimetric finish). The multi-element analyses are performed by ICP-MS following aqua regia digestion on a 30g sample (BV code AQ250). Quality control measures in the field include the systematic insertion of standards and blanks.

Highlighted drill intervals are based on minimum interval lengths of 3.3 metres (10 feet), a 0.25 g/t Au cut-off, and a maximum of 3.3 metres of internal dilution, with no top cut applied. Broader reported Intervals may include internal dilution in the calculated average weighted grades. All intervals are reported as downhole drill lengths and additional work is required to determine the true widths.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

For further information please visit the Company's website at www.getchellgold.com or contact the Company by e-mail at info@getchellgold.com or by phone at +1 647 249-4798.

Mr. William Wagener, Chairman & CEO

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138555

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Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF is focused on the advanced exploration of their Fondaway Canyon gold project situated in Nevada. BTV interviews Mike Sieb to learn more.

Getchell Gold Corp. (CSE: GTCH, OTCQB: GGLDF)

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134509

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Vancouver, British Columbia Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to provide the results for drill hole FCG22-18 that targeted the high-grade North Fork zone at the Fondaway Canyon gold project in Nevada.

"FCG22-18 marks the easternmost drill hole targeting the North Fork gold zone and encountered one of the broader, cumulative intervals of gold, drilled to date at Fondaway Canyon." states Mike Sieb, President, Getchell Gold Corp. "As we step out, we continue to intersect significant gold mineralization reflective of the impressive size and potential of the mineralizing system."

Drill hole FCG22-18, the second drill hole of the 2022 drill program at Fondaway Canyon (the "Project"), was designed to follow up on the high-grade gold discovered by FCG21-16, the last drill hole of the 2021 drill program.

FCG21-16 encountered a high-grade gold interval grading 6.3 g/t Au over 50.7 m (117.5-168.2 m drill depth) that includes 10.4 g/t Au over 25.0 m (139.9-164.9 m) (Company news release dated February 15, 2022). This latter interval contained 12 samples reporting >10 g/t Au revealing strong internal high-grade gold consistency.

FCG22-18 was collared on the canyon floor, at the junction of Fondaway Canyon and the North Fork branch, on the same drill pad as hole FCG21-16 (Figures 1 and 2). FCG22-18 targeted the North Fork mineralized zone as a 30m step out to the northeast from the high-grade intercept encountered in FCG21-16.

FCG22-18 intersected multiple significant intervals of gold mineralization, encountered from 180.6 to 400 metres down hole (Figure 3). The broader intervals graded 2.5 g/t Au over 43.4 m, 2.0 g/t Au over 29.6 m, 4.8 g/t Au over 12.1 m, 1.4 g/t Au over 27.7 m,and 2.0 g/t Au over 22.1 m (detailed in Table 1).

Figure 1: Fondaway Canyon plan map highlighting Getchell's 2020, 2021, and 2022 drilling.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/134088_18838b4cf40ed90a_001full.jpg

Figure 2: Fondaway Canyon plan map showing previous drilling relative to Getchell's drill holes.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/134088_18838b4cf40ed90a_002full.jpg

Figure 3: Cross-section highlighting gold intervals in drill holes FCG21-16 and FCG22-18.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/134088_18838b4cf40ed90a_003full.jpg

The latter gold intervals, extending over a 72.6 m down hole distance, were encountered in an area outside and to the east of previous drilling, and 75 meters distant from the nearest drill hole.

The gold mineralized intervals encountered in hole FCG22-18 will be incorporated into the forthcoming Mineral Resources estimate scheduled for completion this Fall.

The North Fork gold zone remains open in most directions and follow up drilling is underway to continue to step out, further delineate, and model the rapidly expanding North Fork zone.

Table 1: Drill Hole FCG22-18 Notable Gold Intervals

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/134088_18838b4cf40ed90a_004full.jpg

Fondaway Canyon Drill Program Update

Six holes have been completed (FCG22-17 to 22) to date, totalling 2,328m, during the 2022 drill program at Fondaway Canyon.

Holes FCG22-17, 18, 19 and 22, collared on the same pad as FCG21-16, were respectively designed to test the immediate western, northeastern, southwestern, and eastern extent of the mineralization encountered in hole FCG21-16.

FC22-17 also encountered multiple intervals of gold mineralization spanning 120 metres downhole starting at a near surface down-hole depth of 66.1 m, that included high-grade gold mineralization of 17.7 g/t Au over 9.9 m within a broader zone grading 5.4 g/t Au over 51.9 m (as reported in Company news release dated July 26, 2022). This interval was followed by two intervals grading 2.0 g/t Au over 22.9 m and 1.9 g/t Au over 15.9 m.

FCG22-20, a vertical drill hole, was designed to test the mineralization directly below the Colorado Pit in an area relatively absent of drilling.

FCG22-21, stationed midway up the north slope of Fondaway Canyon, was designed to crosscut the Colorado SW zone of mineralization to assist with modelling and to test the extents of the mineralization to the northwest. Additional holes are planned from this setup but due to the need to expand the drill pad and sump to accommodate additional drilling, the drill was moved back to the canyon floor in the interim to continue to expand on the North Fork gold zone discoveries.

Assays are pending for holes FCG22-19 through FCG22-22.

FCG22-23, collared on the same pad as FCG22-16 at the junction of Fondaway Canyon and the North Fork branch, is in progress and is designed to follow-up to the northwest on the recent gold intervals discovered in FCG22-18, as reported in this news release.

Figure 4: Showing two rigs at Fondaway Canyon - One targeting the North Fork zone (hole FCG22-23) and second drill targeting the Pediment zone (FCG22-24) west of the South Mouth Pit

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/134088_18838b4cf40ed90a_005full.jpg

Pediment Target Area and Second Drill Rig

With the completion of the initial drill program at the Star project, a second drill rig has arrived at Fondaway Canyon, and has commenced drilling the Pediment target zone by hole FCG22-24.

The Pediment Target is the westernmost known gold mineralized occurrence along the 3.5 km long E-W trending Fondaway Canyon gold mineralization corridor. The area is completely blanketed by a broad alluvium cover which is typical of the range and basin geomorphology for the area.

Two vertical drill holes completed in 2002, 02FC-10 and 02FC-11, were collared 185 metres apart and designed to test potential gold mineralization beneath the sediment cover on trend with the Fondaway Canyon E-W gold corridor. Both holes successfully intersected thick lower grade gold intersections with hole 02FC-10 intersecting 27.4 m grading 0.82 g/t Au and 02FC-11 intersecting 36.6 m grading 0.52 g/t Au.

One hole drilled by the Company in 2020, FCG20-01, was lost within a fault zone prior to reaching the target depth (Company news release dated January 27, 2021).

Upon completion of hole FCG22-24, the drill rig is planned to join the first rig in Fondaway Canyon's Central Area, a nexus for the gold mineralization and host to the Colorado SW and North Fork gold zones, the primary targets for this year's drill program.

Star Cu-Au-Ag Project Drill Program Update

Two drill holes totalling 976 metres were completed to target depth at Star.

Drill hole SG22-01, the first drill hole at the Star project, targeted a large multi geophysical survey line anomaly underlying the high-grade copper, gold, and silver mineralization at surface at the Star South occurrence. SG22-02, situated four kilometres to the north targeted a large geophysical anomaly underlying the past producing Star Point copper mine.

Both holes encountered indications of epithermal fluids and alteration associated with a porphyry style system and extensive structural zones marking high fluid transmissivity. Broad zones of graphitic material occurring as bands and fracture fill were encountered and would provide geophysical responses similar to the ones targeted. Copper mineralization was not observed in the drill core.

Sample results are pending and will be utilized for the interpretation and potential vectoring within the identified system to the source of the mineralization observed at surface, in preparation for future drill programs.

Scott Frostad, P.Geo., is the Qualified Person (as defined in NI 43-101) who reviewed and approved the content and scientific and technical information in the news release.

The 2022 drill core is being processed using the same methods as the 2020 and 2021 drill programs. The core is cut at Bureau Veritas Laboratories' ("BVL") facilities in Sparks, Nevada, with the samples analyzed for gold and multi-element analysis in BVL's Sparks, Nevada and Vancouver, BC laboratories respectively. Gold values are produced by fire assay with an Atomic Absorption finish on a 30-gram sample (BV code FA430) with over limits re-analyzed using method FA530 (30g Fire Assay with gravimetric finish). The multi-element analyses are performed by ICP-MS following aqua regia digestion on a 30g sample (BV code AQ250). Quality control measures in the field include the systematic insertion of standards and blanks.

Highlighted drill intervals are based on a 0.25 g/t Au cut-off, minimum interval lengths of 3.3 metres (10 feet), and a maximum of 3.3 metres of internal dilution, with no top cut applied. All intervals are reported as downhole drill lengths and additional work is required to determine the true width.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

For further information please visit the Company's website at www.getchellgold.com or contact the Company by e-mail at info@getchellgold.com or by phone at +1 647 249-4798.

Mr. William Wagener, Chairman & CEO

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134088

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Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is issuing this press release to comment on the recent trading activity of its common shares.

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

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

For further information please visit the Company's website at www.getchellgold.com or contact the Company by e-mail at info@getchellgold.com or by phone at +1 647 249-4798.

Mr. William Wagener, Chairman & CEO Getchell Gold Corp.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132411

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Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to provide the remaining results for drill hole FCG22-17 that targeted the high-grade North Fork zone at the Fondaway Canyon gold project in Nevada.

"Drill hole FCG22-17 reaffirms the high-grade, high-concentration, and broad-expanse of gold mineralization at the North Fork zone." states Mike Sieb, President, Getchell Gold Corp. "Every drill hole continues to contribute to our understanding and modelling, as well as continues to push the boundaries of the mineralizing system at Fondaway Canyon."

Drill hole FCG22-17, the first drill hole of the 2022 drill program at Fondaway Canyon (the "Project"), is the first in a series of holes tasked with delineating the high-grade gold discovered by FCG21-16, the last drill hole of the 2021 drill program.

FCG21-16 encountered a high-grade gold interval grading 6.3 g/t Au over 50.7 m (117.5-168.2 m drill depth) that includes 10.4 g/t Au over 25.0 m (139.9-164.9 m) (Company news release dated February 15, 2022). This latter interval contained 12 samples reporting >10 g/t Au revealing strong internal high-grade gold consistency.

FCG22-17 was collared on the canyon floor, at the junction of Fondaway Canyon and the North Fork branch, on the same drill pad as hole FCG21-16 (Figures 1 and 2). FCG22-17 was designed to target the North Fork mineralized zone as a 25m step out to the northwest from the high-grade intercept encountered in FCG21-16.

FCG22-17 intersected significant gold mineralization grading 5.4 g/t Au over 51.9 m at a shallow down-hole depth of 66.1 m including an exceptionally high-grade gold zone grading 17.7 g/t Au over 9.9 m (94.7-104.6 m) (Figures 3 and 4). This latter interval contains ten consecutive samples reporting >9 g/t Au revealing strong internal high-grade gold consistency (Previously reported in Company news release dated June 15, 2022).

The 51.9 m interval was closely followed by two intervals grading 2.0 g/t Au over 22.9 m (129.1-152.0 m) and 1.9 g/t Au over 15.9 m (169.9-185.8 m) that combined for an overall gold mineralized zone spanning 120 m downhole.

Figure 1: Fondaway Canyon Plan Map highlighting Getchell's 2020, 2021, and 2022 drilling.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/131891_9dd254f8c46119b2_001full.jpg

Figure 2: Fondaway Canyon Plan Map highlighting Getchell's drill holes relative to previous drilling.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/131891_9dd254f8c46119b2_002full.jpg

Figure 3: Cross-section highlighting gold intervals in drill holes FCG21-16 and FCG22-17.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/131891_9dd254f8c46119b2_003full.jpg

Figure 4: Cross-section highlighting individual sample gold assays in drill holes FCG21-16 and FCG22-17.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/131891_9dd254f8c46119b2_004full.jpg

Table 1: Drill Hole FCG22-17 Notable Gold Intervals

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3941/131891_9dd254f8c46119b2_005full.jpg

Fondaway Canyon Drill Program Update

Five holes have been completed (FCG22-17 to 21) to date, totalling 1,867m, during the 2022 drill program at Fondaway Canyon.

Holes FCG22-18 and 19, collared on the same pad as FCG22-17, were respectively designed to test the immediate up-dip and down-dip extent of the mineralization encountered in hole FCG21-16, with FCG22-18 testing the further extent of the North Fork gold zone to the northeast in an area absent of any drilling.

FCG22-20, a vertical drill hole, was designed to test the mineralization directly below the Colorado Pit in an area relatively absent of drilling.

FCG22-21, stationed midway up the north slope of Fondaway Canyon, was designed to crosscut the Colorado SW zone of mineralization to assist with modelling and to test the extents of the mineralization to the northwest. Additional holes are planned from this setup but due to the need to expand the drill pad and sump to accommodate additional drilling, the drill has been moved back to the canyon floor in the interim to continue to expand on the North Fork gold zone.

Star Cu-Au-Ag Project Drill Program Update

Drill hole SG22-01, the first drill hole at the Star project, targeting a large multi geophysical survey line anomaly underlying the high-grade copper, gold, and silver mineralization at surface at the Star South occurrence has been completed to depth with assays pending.

SG22-02, situated four kilometres to the north and targeting a large geophysical anomaly underlying the past producing Star Point copper mine, is in progress.

The majority of the 2022 drill core from both projects is in the lab with assays are pending.

Scott Frostad, P.Geo., is the Qualified Person (as defined in NI 43-101) who reviewed and approved the content and scientific and technical information in the news release.

The 2022 drill core is being processed using the same methods as the 2020 and 2021 drill programs. The core is cut at Bureau Veritas Laboratories' ("BVL") facilities in Sparks, Nevada, with the samples analyzed for gold and multi-element analysis in BVL's Sparks, Nevada and Vancouver, BC laboratories respectively. Gold values are produced by fire assay with an Atomic Absorption finish on a 30-gram sample (BV code FA430) with over limits re-analyzed using method FA530 (30g Fire Assay with gravimetric finish). The multi-element analyses are performed by ICP-MS following aqua regia digestion on a 30g sample (BV code AQ250). Quality control measures in the field include the systematic insertion of standards and blanks.

Highlighted drill intervals are based on a 0.25 g/t Au cut-off, minimum interval lengths of 3.3 metres (10 feet), and a maximum of 3.3 metres of internal dilution, with no top cut applied. All intervals are reported as downhole drill lengths and additional work is required to determine the true width.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

For further information please visit the Company's website at www.getchellgold.com or contact the Company by e-mail at info@getchellgold.com or by phone at +1 647 249-4798.

Mr. William Wagener, Chairman & CEO Getchell Gold Corp.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: use of proceeds from the financing Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131891

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Cancels and Grants Incentive Stock Options

World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0 ("World Copper") reports that its shareholders have approved all matters voted on at the annual general and special meeting held on September 27, 2022 (the "AGSM").

Results of Annual General and Special Meeting

A total of 31,525,821 common shares were represented in person or by proxy at the AGSM, representing 29.41% of the Company's issued and outstanding common shares. All directors nominated in the management information circular dated August 15, 2022 were re-elected, and the voting results from the AGSM are set out in the table below.

Stock Option Cancellations and Grants

The Company reports that it has cancelled an aggregate of 4,585,000 incentive stock options originally granted under the Company's rolling stock option plan to certain directors, officers, employees and consultants of the Company on January 31, 2022, and exercisable until February 1, 2024, at an exercise price of $0.91.

The Company also reports that, subject to applicable shareholder and TSX Venture Exchange approvals, the Company has granted incentive stock options under the amended stock option plan to certain directors, officers, employees and consultants of the Company to purchase up to 4,755,000 common shares in the capital stock of the Company. The options are exercisable on or before September 30, 2025 at a price of $0.27 per share. Under the amended stock option plan, the Company may grant up to an aggregate of 11,246,172 stock options, and after the grant of the above-mentioned stock options the Company will have 491,172 stock options available for grant under the plan.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its two primary copper porphyry projects, Escalones and Cristal, both located in Chile. World Copper has laid claim to four copper porphyry targets, one with estimated resources, significant soluble copper mineralization, and exciting potential to expand the resource base.

The World Copper team has a unique skill in navigating the mining sector within Chile, with some members having worked in the country for more than 40 years and with discovery success.

Detailed information is available at the Company's website at www.worldcopperltd.com, and for general Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.

For further details on the Company readers are referred to the Company's website. To view the Company's Canadian regulatory filings, please visit SEDAR.

On Behalf of the Board of Directors of

Nolan Peterson Chief Executive Officer

For further information, or to schedule a Zoom meeting with Management, please contact: Nolan Peterson or Michael Pound Phone: 604-638-3287 E-mail: info@worldcopperltd.com

For all Investor Relations inquiries, please contact: John Liviakis Liviakis Financial Communications Inc. Phone: 415-389-4670

For all Public Relations inquiries, please contact: Nancy Thompson Vorticom, Inc. Office: 212-532-2208 | Mobile: 917-371-4053

Twitter: https://twitter.com/WorldCopperLtd Facebook: https://www.facebook.com/WorldCopperLtd LinkedIn: https://www.linkedin.com/company/worldcopperltd

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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein, including, without limitation, the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, currency fluctuations, title disputes or claims, environmental issues and liabilities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's continuous disclosure documents. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139162

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Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to announce additional assay results from the 2022 delineation drilling at the La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth. The Company also announces that it continues to accelerate drilling at IBW where it has increased the number of drill rigs from 10 to 13. Presently, there are 12 drills on La Romanera deposit delineation and 1 rig continues to drill at La Infanta. Six drilling companies are engaged in the program.

Assay results have been received from 2 drill holes (LR019 and LR023) at the La Romanera deposit reported below.

Drill hole LR019 intercepted massive sulphide mineralization along section 6525E. The drill hole encountered the two lenses that comprise La Romanera deposit.

The Upper Lens was intersected at 302.0 m down the hole and comprises 31.0 m grading 0.2 % Cu; 0.5 % Pb; 0.6 % Zn; 1.7 g/t Au and 37.4 g/t Ag, including 9.7 m grading 0.3 % Cu; 0.5 % Pb; 0.7 % Zn; 3.4 g/t Au and 32.1 g/t Ag . The Lower Lens was intercepted at 345.7 m, 18.9 m below the Upper Lens and encountered 26.8 m grading 2.6 % Cu; 0.5 % Pb; 1.1 % Zn; 0.3 g/t Au and 28.6 g/t Ag, including 14.0 m grading 4.3 % Cu; 0.8 % Pb; 1.7 % Zn; 0.3 g/t Au and 41.7 g/t Ag). Historical drills in this area, on the west side of the deposit, stopped short of the Lower Lens and only intersected the Upper Lens (Figure 3) which places this intercept outside of the historical resource area.

Both lenses are thick in this area of the deposit. The Lower Lens occurs west of and outside the historical drilling area (Figures 2 and 3). The massive sulphides comprise chalcopyrite, sphalerite and galena and pyrite. The Upper Lens has high gold values, which has been observed in other drill holes drilled in this area and was not included as part of the historical assessment of the mineral resource deposit. The Lower Lens has very high copper values. This is the first intercept above 4% copper drilled in La Romanera either by Emerita or within the historical drill hole data base. The nearest historic drill hole that penetrated the Lower Lens is about 100 m to the west. The longitudinal section of the Lower Lens (Figure 3) shows the historical drill hole intercepts footprint.

According to Joaquin Merino, P.Geo., President of Emerita, "We continue to extend the mineralized envelope at La Romanera. The historical drilling was done over a number of campaigns by more than one operator and the approach appears to have been inconsistent between campaigns and as the understanding of the geology evolved over time. In certain holes massive sulphides were identified but not assayed. Emerita is seeing high gold values in areas of the Upper Lens, for example, that were not sampled in the historic holes because visually they had lower base metal content. In other areas of the deposit, Emerita is intersecting two Lenses where the historical data base only has data indicating a single lens. We continue to accelerate the drill program and look forward to delivering a NI 43-101 compliant mineral resource estimate."

Drill hole LR023 intercepted massive sulphide mineralization about 250 m below surface along section 6550E. It is approximately 50 m above drill hole LR019. It also intercepts the two lenses. The Upper Lens occurs from 281.7 m with 12.6 m grading 0.4 % Cu; 0.3 % Pb; 0.2 % Zn; 1.0 g/t Au and 22.3 g/t Ag. The Lower Lens was intersected 23.4 m below the Upper Lens comprising 5.3 m grading 0.9 % Cu; 1.2 % Pb; 1.9 % Zn; 1.0 g/t Au and 65.7 g/t Ag. In this hole, the Lower Lens has higher base metal grades than the Upper Lens and similar gold grades.

To date, 33 drill holes have been completed on the La Romanera deposit which is the main focus of the IBW program. Presently, there are 12 additional drill holes in the lab and 12 additional drill holes in progress at La Romanera. The Company keeps one rig in La Infanta doing infill drilling. Temperatures are dropping rapidly, which will facilitate improved drilling efficiency by eliminating fire hazard restrictions. The Company has also incorporated a third coreshack in the same industrial area to store core boxes.

Figure 1: Location map for drill holes LR019 and LR023. https://www.globenewswire.com/NewsRoom/AttachmentNg/46437dba-e764-4376-be95-4609654d624b

Figure 2: Vertical Longitudinal section of the Upper Lens La Romanera Deposit. The dotted outline shows the approximate area included within the historical 34 million tonnes mineral resource estimate. Drill intercepts shown are from Emerita's drill campaign and not the historical drill holes. https://www.globenewswire.com/NewsRoom/AttachmentNg/75a7c949-3f63-4009-8021-6d700bf362f8

Figure 3: Vertical Longitudinal section of the Lower Lens at La Romanera Deposit. The dotted outline shows the approximate area included within the historical 34 million tonnes mineral resource estimate. Drill intercepts shown are from Emerita's drill campaign and not the historical drill holes. Historical drill holes that intersected the Upper Lens in the area of LR019 were stopped before intersecting the Lower Lens. https://www.globenewswire.com/NewsRoom/AttachmentNg/2934efe7-a5c2-4330-9fb0-568871b21039

Table 1. Diamond drillhole data: La Romanera.

LL= Lower Lens La Romanera, UL= Upper Lens La Romanera

The scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin Merino, P.Geo, President of the Company and a Qualified Person as defined by NI 43-101 of the Canadian Securities Administrators.

A qualified person, as defined in National Instrument 43-101, has not done sufficient work on behalf of Emerita to classify the historical estimate reported above as current mineral resources or mineral reserves and Emerita is not treating the historical estimate as current mineral resources or mineral reserves. The historical estimate should not be relied upon.

Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.

Vincent Chen +1 778 990 9433 (Toronto) info@emeritaresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the mineralization of the IBW Project; the timing of assay results; the prospectivity of the Project; the timing and ability of the Company to produce an NI 43-101 compliant mineral resource estimate and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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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Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that it has completed an extensive exploration program on six of the company's projects in the Golden Triangle of northwestern British Columbia (see Map 1). Field work by Romios' crew began in early July and continued until mid-September. Assay results are now being received and compiled, and will be reported on when complete. Field observations on some of the claim blocks are very encouraging, particularly those from the Trek South Porphyry Cu-Au-Ag prospect. Many of Romios' projects in the Golden Triangle are close to the giant Galore Creek porphyry Cu-Au-Ag project held by a Teck-Newmont JV (GCMC) and currently in the final stages of a pre-feasibility study.

Romios' VP of Exploration Mr. John Biczok, P. Geo, commented, "we are very pleased that the first ever IP-MT survey has been successfully completed on the Trek South porphyry Cu-Au-Ag prospect, and a 3D model is now being generated of this significant target. Romios' 2022 work in the Golden Triangle also resulted in the discovery of numerous, often substantial, quartz veins near historic gold showings on several properties and we look forward to receiving and evaluating those results soon."

Stephen Burega, President and CEO, stated, "The 3D modelling will be key to opening conversations with potential funding partners for the Trek South prospect. Management has been cultivating numerous contacts to initiate their review/assessment of the potential at Trek South. We are looking forward to correlating these results with the mineralized surface exposures, and to sharing more in the near future once the modelling is competed."

PHOTO 1: Chalcopyrite (copper sulphide) covered fractures on boulder along Trek South IP survey line.

To view an enhanced version of Photo 1, please visit: https://images.newsfilecorp.com/files/5376/138858_photo1rg.jpg.

North West Claims: Located 10 km west of Galore Creek, they were explored to follow-up the discovery of gold bearing quartz veins in 2021 (5 - 9 g/t Au) and 2010 (16.5 g/t Au). Numerous additional veins were located at this latter site and several large veins up to 1.2 m wide were discovered elsewhere this season, some with visible copper mineralization. Assays are pending.

PHOTO 2: Newly discovered copper-stained quartz vein, ~70 cm wide, North West Claims

To view an enhanced version of Photo 2, please visit: https://images.newsfilecorp.com/files/5376/138858_photo2rg.jpg.

Burega continued, "the discovery of additional quartz veins of substantial size on the North West claims in the vicinity of historic showings was another highlight of the summer program. Romios personnel also completed several weeks of exploration work on three of our projects in NW Ontario and a summary of that work will be forthcoming shortly."

The samples discussed in this document were grab and chip samples considered representative of the outcrops, veins and boulders being sampled. They were submitted to the ISO/IEC 17025 accredited ALS Canada Ltd. laboratories in Terrace and Vancouver, BC for assay and multi-element analyses. As a matter of procedure, a rigorous quality assurance and quality control program was implemented to ensure reliable assay results by inserting alternating blanks and commercial assay standards at every 10th position in the sample series.

Map 1: Location of Romios' projects in the Golden Triangle, NW British Columbia

To view an enhanced version of Map 1, please visit: https://images.newsfilecorp.com/files/5376/138858_map1rg.jpg.

The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., VP-Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101. In addition to his extensive experience with several major mining companies exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in NW Ontario.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious-and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British Columbia. Additional interests include the Kinkaid Nevada claims covering numerous Au-Ag-Cu workings and two former producers: the La Corne molybdenum mine property (Quebec) and the Scossa mine property (Nevada) which is a former high-grade gold producer. The Company retains an ongoing interest in several properties including a 20% carried interest in five of Honey Badger Mining's claim blocks in the Thunder Bay silver district of northwestern Ontario; a 2% NSR on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead Resources Inc. ("Copperhead") whereby Copperhead can acquire a 75% ownership interest in Romios' Red Line Project in BC.

For more information, visit www.romios.com

This News Release contains forward-looking statements which are typically preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Stephen Burega, President - 647-515-3734 or sburega@romios.com

John Biczok, P. Geo., VP of Exploration - 613-410-7877 or jbiczok@romios.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138858

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Canada Nickel Company Inc. ("Canada Nickel" or "The Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to provide an update on the Crawford project and its financing activities.

"The Company remains on track to deliver the feasibility study for Crawford by year-end. The study work is approximately 85% complete and the company is confident in its outcome.  This financing will allow us to execute post feasibility study work on permitting and detailed engineering that is advantageous for us to complete during the coming winter months and allows us to remain well-funded as we continue to aggressively advance the project" said Mark Selby , Chair and CEO of Canada Nickel.

The Company has arranged a US$10 million loan facility with Auramet which is expected to close on or before October 14 , 2022.  The loan will be due January 14, 2023 , will carry an interest rate of 1.00% per month, and be subject to a 2% arrangement fee. At closing, Auramet will also receive 325,000 1-year warrants with a strike price of $1.52 per share.   The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws.  The closing of the loan facility is subject to customary conditions including the approval of the TSX Venture Exchange.

Auramet is one of the largest physical precious metals merchants in the world with over $20 billion in annual revenues and provides a full range of services to all participants in the precious metals chain, from extraction and production to manufacturing and consumption. Auramet is a private company established in 2004 by a team who had worked previously together since 1989. Their business is comprised of three main activities: physical metals trading, metals merchant banking and advisory. Auramet has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector.   Auramet purchases tens of millions of ounces of gold, silver and PGMs sourced from a diversified base of mining companies, recycling companies and refineries/smelters.  Auramet has also provided term financing facilities in excess of $900 million to date in the mining sector and is looking to grow its capital investment business in the precious metals and battery-related metals mining space.  In 2022, Auramet received a Gold Metal Sustainability Rating from Ecovadis, a global leader in business sustainability ratings.

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has successfully registered and applied for trademarks in various jurisdictions for NetZeroNickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

Contact: Mark Selby , Chair and CEO Phone: 647-256-1954 Email: info@canadanickel.com

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the metallurgical results, the timing and results of the feasibility study and the timing and completion of the loan facility. Readers should not place undue reliance on forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The PEA results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable.

Although Canada Nickel has attempted to identify important factors that could cause actual actions,events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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SOURCE Canada Nickel Company Inc.

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Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that its unaudited interim consolidated July 31, 2022, financial statements have been filed on SEDAR.

For the nine months ended July 31, 2022, Copper Fox had a net loss of $889,829 (July 31, 2021 - $747,620) which equated to $0.00 loss per share (July 31, 2021 - $0.00 loss per share).

During the nine months ended July 31, 2022, the Company incurred $854,245 in expenditures primarily furthering the development of the Van Dyke and Schaft Creek copper projects and exploration of the Eaglehead, Sombrero Butte and Mineral Mountain copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR at www.sedar.com, the Company's website at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.

Elmer B. Stewart, President and CEO of Copper Fox, stated, "During the quarter, the 2022 programs on the Mineral Mountain and Sombrero Butte projects were completed as planned. The positive results from these surveys better defined the relationship between the distribution on the mineralization, alteration, and structural setting of the porphyry systems on both projects. Field activities by the Schaft Creek Joint Venture on the Schaft Creek project and by Copper Fox on the Van Dyke and Eaglehead projects continued throughout the quarter. At Schaft Creek, further investigation of identified project enhancements continued with the planned 5,000m metallurgical drilling program focusing on the first five-year pit as well as other portions of the Liard, Paramount, and West Breccia zones. The Biological Evaluation for the Van Dyke project indicated that due to current and historical mining operations in the Miami area and absence of special status species and their habitat within the survey area, proceeding with field activities would have minimal environmental impact. Activities at Eaglehead included the discovery of a large area of copper mineralization and locating historical drill holes with unsampled porphyry style mineralization thus, indicating a larger mineralized envelope than previously expected. These positive results were offset by delay in receipt of the Notice of Work ("NoW") that resulted in a decision to delay the drilling program until mid-2023. As at the date of the MD&A, the Company has not received approval for the NoW."

Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.

As of July 31, 2022, the Company's cash position was $611,859 (October 31, 2021 - $ $2,646,608)

Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) and the OTC Market (OTCQX: CPFXF) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia, and the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at www.copperfoxmetals.com.

On behalf of the Board of Directors,

Elmer B. Stewart President and Chief Executive Officer

For additional information please contact: Lynn Ball at 1-844-464-2820 or 1-403-264-2820 or investor@copperfoxmetals.com

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.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information in this news release include statements about our Schaft Creek, Van Dyke, Sombrero Butte, Mineral Mountain and Eaglehead projects; positive results from the Sombrero Butte and Mineral Mountain surveys; investigating project enhancements at Schaft Creek; Biological Evaluation at Van Dyke indicates minimal environmental impact, and discovery of a large area of copper mineralization and locating unsampled historical drill holes at Eaglehead.

In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, financial, and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; that the resources estimates and the key assumptions and parameters on which such estimates are based are reasonable; the costs and results of planned exploration activities are as anticipated; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, 2022 Schaft Creek program results may not enhance the project; the geotechnical data gap analysis and collection of the environmental baseline data for the Schaft Creek project may not be completed as planned or at all; the plan to advance Van Dyke copper project including a two-phase program with the objective of establishing a broad network of hydrogeological monitoring and testing locations to collect hydrogeological and water quality data may not be completed as planned or at all; the interpretation of the results of the high-resolution airborne magnetic and radiometric survey on the Mineral Mountain and Sombrero Butte projects may not be accurate; the review by Moose Mountain Technical Services and the 2022 field program on the Eaglehead project may not achieve the desired results; the drilling program on the Eaglehead project that has been delayed until mid-2023 may not be completed as planned or at all; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; copper prices and demand may fluctuate; currency exchange rates may fluctuate; conditions in the financial markets may deteriorate; trading prices of the Company's common shares may decrease below the exercise price of any outstanding warrants of the Company; and uncertainty as to timely availability of permits and other governmental approvals.

A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138776

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Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce that drilling is underway at the Hornitos and La Jarosa targets and that multiple new targets have been identified for drill testing at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain.

Tim Moody, Pan Global President and CEO states: "Drilling has continued at Escacena with up to four drill rigs operating since January. The current plan includes testing at least six new targets in the Escacena Project in addition to continuing to expand the copper and tin mineralization at La Romana. We are excited at the potential to make further copper discoveries with drilling now initiated on several new targets, all within 5km of our near-surface La Romana copper-tin discovery. Ongoing exploration continues to generate multiple high-priority drill targets. Drilling is underway at the Hornitos and La Jarosa targets and is due to commence shortly at the Pilar, Zarcita and La Romana Deep targets. This is the first time most of the new targets will be drill tested. The fact that we are already seeing evidence of copper, lead and zinc mineralization in some of our first holes on new targets at Hornitos and La Jarosa is very encouraging with assay results awaited. Assay results are also pending for 14 drill holes at the La Romana discovery."

Mr. Moody added: "Pan Global is in a strong financial position and remains well funded to allow drilling to continue at an aggressive pace into 2023."

Figure 1 - Escacena Project gravity anomalies and priority targets

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_001full.jpg

Table 1 - Escacena Project: Priority target summary and planned drill holes

Gravity survey Pan Global expanded its ongoing 100m x 50m gravity survey over the entire Escacena Project area throughout the year with data collected on more than 5,500 new gravity stations. Eleven large gravity targets have been selected for initial follow-up. The results confirm and provide additional detail over gravity targets previously identified from wider-spaced historical gravity data (see Figure 1 above). Testing gravity-high anomalies has proven highly effective in the Iberian Pyrite Belt for discovering volcanogenic massive sulphide mineralization. The first drill holes at the La Romana copper tin discovery intersected significant mineralization after testing a gravity anomaly, with copper mineralization intersected in nearly all 130 drill holes completed to date on the target.

Figure 2 - Portable-XRF copper and zinc soil geochemistry anomalies

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_002full.jpg

Soil geochemistry survey A multi-element portable X-Ray fluorescence (pXRF) spectrometer soil geochemistry survey has been conducted over approximately 20% of the Escacena Project area. Copper and zinc anomalies are highlighted in Figure 2 above. The results highlight a 1.5 x 1.5km discrete copper anomaly open to the east and west above the La Romana mineralization. Large copper and/or zinc anomalies are coincident with and in-part define the Hornitos, Zarcita, Barbacena and El Pozo targets.

Escacena Project - Priority Drill Targets The extensive and ongoing exploration campaign at Escacena has identified 11 high priority targets for drill testing and/or further ground work outside of the La Romana discovery (see Table 1 above). The targets were selected using a combination of gravity, heliborne electromagnetics (HEM) data collected earlier this year (PGZ news release, February 23, 2022), soil geochemistry, induced polarization (IP) surveys and geological mapping. The scale, nature and quality of several of these targets are illustrated below in figures 3 to 8.

Up to 40 drill holes are currently planned on eight new targets, including La Romana Deep, Zarcita, La Jarosa, Hornitos, Pilar, Pilar South, Cañada Honda and Bravo Norte. Drilling is already underway at Hornitos and La Jarosa and is due to commence shortly at the Zarcita, El Pilar and La Romana Deep targets.

Hornitos Target - Drill holes intersect Pb-Zn mineralization The initial drilling at the Hornitos target (drill holes HOD01 and HOD02) have both intersected crackle breccia/stockwork style sphalerite (Zn) and galena (Pb mineralization. HOD01 tested a coincident Pb-Zn soil anomaly, IP chargeability and weak gravity high, and intersected Pb-Zn mineralization over a 15m interval from approximately 99m downhole. HOD02, drilled from the same collar position as HOD01 and testing the downdip extension to the mineralization, intersected approximately 18m with Pb-Zn mineralization from 114m downhole. Assays are pending.

Figure 3 - La Romana Deep Target: Heliborne-EM cross section showing conductor anomalies coincident with the La Romana mineralization and downdip at La Romana Deep. The La Romana Deep EM anomaly is apparent across several lines at approximately 400m depth and well beyond previous drilling at La Romana.

To view an enhanced version of Figure 3, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_003full.jpg

Figure 4 - Zarcita Target: Plan view showing coincident soil-copper (top) and gravity anomaly trends (bottom), historic mines, alteration, heli-EM conductor and planned drill holes. The trend extends over 2.5km east-west partially beneath thin post-mineral sediments. Copper mining ceased at Zarcita at the start of World War 1.

To view an enhanced version of Figure 4, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_004full.jpg

Figure 5 - Hornitos Target: Geology map showing the planned drill hole locations and recently completed holes HOD01 and HOD2, along a 3.3km target trend defined by coincident altered volcanics, IP chargeability, gravity and Pb-Zn soil anomalies. The historic El Pozo mine workings occur at the western end of the trend.

To view an enhanced version of Figure 5, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_005full.jpg

Figure 6 - La Jarosa Target: Plan view of the La Jarosa Target area with planned and completed drill holes, and gravity anomaly and coincident IP trend.

To view an enhanced version of Figure 6, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_006full.jpg

Figure 7 - La Jarosa East Target: Orthogonal view of the La Jarosa East target with coincident north-dipping heliborne-EM conductor and gravity anomaly.

To view an enhanced version of Figure 7, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_007full.jpg

Figure 8 - El PilarTarget: Oblique view of the Pilar Target with 2 planned drill holes designed to test a coincident Heliborne-EM (HEM) anomaly and gravity anomaly.

To view an enhanced version of Figure 8, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_008full.jpg

Quality Control/Quality Assurance The gravity survey was contracted by Geognosia SL and points were collected every 50m on north-south lines spaced 200m apart. These were then infilled to 100m x 50m and in areas of high interest to 50m x 50m. Goegnosia used a SCINTREX CG 5 y LeCoste Romberg gravity meter and topography was collected using an EMLID Reach RS2 Multiband GNSS receiver. Geognosia SL were also contracted for IP surveying using an IRIS Elrec Pro receiver with 10 channels. The method used dipole-dipole with 100m spacing. Terra Resources Geophysical-Geological Consulting provide additional review of the geophysical data.

Soil samples were collected by Pan Global staff on 100m x 50m or 200m x 50m north-south profiles. Samples were collected from the B / C horizon approximately 15cm to 20cm from the surface. Samples were initially analysed using an Olympus Vanta Portable XRF and check analysis was completed at ALS using 4 acid digest. Gold was analysed using 30gm Fire assay with ICP finish. Sufficient duplicates and certified reference materials were inserted during the sampling and analysis.

All coordinates are in ERTS89 (geodetic reference), UTM29N.

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

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

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138630

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