Battery & Precious Metals Virtual Investor Conference Agenda Announced for October 18th - 20th

2022-10-17 06:30:40 By : Mr. Andrew Wei

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Metals & Mining Growth Virtual Investor Conference to be held on October 18 th - October 20 th .

Individual investors, institutional investors, advisors, and analysts are invited to attend this virtual event showcasing live executive presentations addressing worldwide opportunities in battery and precious metals.

REGISTER NOW AT : https://bit.ly/3SN0CrW It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations and schedule 1x1 meetings with management.

"OTC Markets is proud to host the upcoming three-day Battery and Precious Metals Virtual Investor Conference co-sponsored by Murdock Capital Partners and TAA Advisory LLC," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. We are pleased to deliver an effective investor relations solution for today's resource companies to showcase their strategies and broaden their investor base."

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact: John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com

News Provided by GlobeNewswire via QuoteMedia

Will silver offer you the same protection as gold? Some analysts say silver can protect you in times of global turmoil. It's widely considered a safe way to store value, similar to gold. In addition, silver typically has volatile prices, which can benefit investors. Analysts expect the precious metal to reach US$30 per ounce in 2022 compared to US$23 per ounce.

Yet, silver is more than a precious metal used to hedge against inflation and uncertainty. It also has industrial uses that create a steady demand for the precious metal. For example, in 2021, approximately 508.2 million ounces of silver were used in industrial fabrication, such as producing solar panels and automotive electrical systems. In addition, investors have options; they can invest in silver bullion, commodities markets, or silver mining companies to capitalize on the precious metal. So how will you profit from silver?

Durango has attracted other mining companies due to its largely untapped potential. Fresnillo (OTCMKTS:FNLPF), SSR Mining (NASDAQ:SSRM), Coeur (NYSE:CDE) and Avino (TSX:ASM) are some of the mining companies with good assets in the area. The presence of other mining companies builds confidence and the region's political stability and rich geological formations.

The 100-percent-owned Cerro Las Minitas Project is a silver-lead-zinc property covering 340 square kilometers, with the potential to become one of the top high-grade silver mines in the world. The 2021 resource update, at a US$60 per ton NSR cut-off, features an indicated mineral resource equating to 137 million ounces of silver equivalent 2.3 billion pounds of zinc equivalent, consisting of 42.1 million ounces of silver, 28 thousand ounces of gold, 44 million pounds of copper, 358 million pounds of lead, and 895 million pounds of zinc.

An inferred mineral resource equating to 198 million ounces of silver equivalent or 3.3 billion pounds of zinc equivalent, consisting of 73.6 million ounces of silver, 78 thousand ounces of gold, 98 million pounds of copper, 500 million pounds of lead, and 1,009 million pounds of zinc.. This estimate places the asset in the world’s top five silver mines.

Southern Silver Exploration has created a mine life of over 15 years, which will create enduring value for a third party that may acquire the mine in the future. In addition, the company’s cost of exploration per ounce is C$0.09, which is much lower than its competition. As a result, the Cerro Las Minitas mine may become one of the top three silver mines as development continues.

The company has two additional, 100-percent-owned assets, the Oro Copper-Gold Project and the Hermanas Silver Gold-Silver project. These assets expose shareholders to additional markets beyond silver. In addition, unlike its flagship project, these two assets are located in New Mexico, USA.

An experienced management team is leading Southern Silver Exploration towards its goals. Lawrence Page, president and director, has decades of experience working with precious metals and other natural resource companies, and now leads Southern Silver Exploration. Robert W.J. Macdonald, vice president of exploration, has overseen silver and gold projects throughout North America. The management team includes additional specialists and experts who help advance Southern Silver Exploration’s goals.

Multiple members of the management team have experience leading projects within Mexico. These leaders have an established network of relationships with Mexican nationals who work with the company in all aspects of exploration and development. Southern Silver Exploration is proud of its positive relationship with the local government.

The company’s flagship project is set to become one of the world’s most productive high-grade silver mines. A resource estimate completed in 2021 indicates the presence of an indicated resource of 42.1 million ounces of silver and an inferred resource of 73.6 million ounces of silver. The company is presently working on a Preliminary Economic Assessment, which is expected to be completed in Q2 of 2022.

The 100-percent-owned asset is located in New Mexico, United States and contains multiple identified targets that provide investors with exposure to copper. The project covers 22.4 square kilometers, comprising eight mineral patents and two state leases. An exploration program is underway, and airborne survey results have defined potential copper-gold porphyry targets.

The newly acquired project has favorable geology that may contain an extensive epithermal gold-silver vein system. However, limited historic drilling leaves the project area largely unexplored. The asset has been optioned by Southern Silver Exploration to acquire 100 percent of the project.

Lawrence Page obtained his law degree from the University of British Columbia in 1964. He was called to the bar of British Columbia in 1965, where he has continued practicing in natural resource law and corporate and securities law. Through his experience with natural resource companies; and, in particular, precious metals development, Page has established a unique relationship with financiers, geologists, and consultants. He has been counsel for public companies which have discovered and developed producing mines in North America. Specifically, he has been a director and officer of companies that have discovered and brought to fruition the David Bell and Page Williams mines in Ontario, the Snip, Eskay Creek, and Mascot Gold Mines in British Columbia, as well as the discovery of the Penasquito Mine in Mexico. Page is the principal of the Manex Resource Group of Vancouver, which provides administrative, financial, corporate, corporate finance, and geological services to several public companies in the mineral resource sector. He currently serves as a director of four public companies, including Bravada Gold, Southern Silver Exploration, Equity Metals, and Valterra Resource.

Mr. Macdonald is currently the vice president of geological services for the Manex Resource Group; and, in such capacity, has been an executive for several publicly listed companies, including Equity Metals, Homestake Resource,formerly Bravo Gold, and Southern Silver Exploration. Macdonald served as exploration manager for Valterra Resource, Duncastle Gold, and Fortune River Resource. He has overseen the exploration of many projects throughout North America including the discovery and delineation of the high-grade 1.2 million ounces Homestake Ridge gold-silver deposit in Northern British Columbia. Macdonald is currently advancing Southern Silver’s 23.9 million tonne Cerro Las Minitas silver-lead-zinc project in Durango State, Mexico. Macdonald graduated with a bachelor’s of science degree, with honours, from the Memorial University of Newfoundland in 1990, after which he earned a master’s of science degree from the University of British Columbia in 1999. Over his career in geosciences, Macdonald’s work has focused on vein and intrusion-related gold systems, volcanogenic massive sulphide (VMS), and epithermal environments. Before joining Manex, Macdonald worked as a geologist with the British Columbia Geological Survey and Teck Exploration on Alaska, Peru, and British Columbia projects.

Graham Thatcher moved from London, England, to Vancouver, British Columbia, in 2006. Specializing in financial reporting and auditing across a breadth of business sectors in the UK and Canada, he brings extensive experience operating with International Financial Reporting Standards (IFRS) and paperless systems. He is also a senior accountant at Manex Resource Group, which provides administrative, financial, corporate, corporate finance, and geological services to several public companies in the mineral resource sector. Before this, he worked in public practice at Smythe Ratcliffe, focusing on companies in the mining and exploration sector. Thatcher obtained a bachelor’s of arts degree in economics, with honours, from Lancaster University in 1995, which included a one year program at the University of British Columbia. He is also a member of the Association of Chartered Certified Accountants (ACCA) and a volunteer board member and treasurer at Heritage Hall Preservation Society, a non-profit charitable organization whose mandate is to restore and manage Heritage Hall, a landmark building located in Vancouver.

Arie Page obtained her law degree in 2004 and was called to the bar of British Columbia in 2005. Page has worked with public resource companies in the minerals sector for over 14 years. Currently, she serves as corporate secretary to several reporting issuers, including Bravada Gold, Pacific Ridge Exploration, Southern Silver Exploration., Equity Metals, Valterra Resource, and Velocity Minerals.

Roger Scammell has 40 years of experience in the mining and exploration industry in North America, México, and Guatemala, principally with epithermal gold-silver, polymetallic base metal, and nickel and coal deposits. He was the country manager of México for Teck and its Mexican subsidiary, Minera Teck, from 1992 to 2002. Under his direction, Minera Teck discovered the 72 million tonne San Nicolas volcanogenic massive sulfide deposit in Zacatecas, México and the El Limon gold skarn in Guerrero, México. From 2004 until December 2010, he was initially the vice president of exploration and later president of Scorpio Mining and its Mexican subsidiary Minera Cosalá. During this time, he was responsible for the administration and execution of the exploration, development, and initial production of the Nuestra Señora polymetallic silver mine in Sonora, México, supervising the construction of the 1,400-tonnes-per day flotation mill.

Eugene Spiering is an exploration geologist with over 30 years of international experience in mineral exploration and senior-level project management in the Western United States, South America, and Europe. As vice president of exploration with Rio Narcea Gold Mines, he participated in every aspect of the mining industry from discovery through project development and production of the El Valle gold and Aguablanca nickel mines in Spain. He was previously vice president of exploration for Quaterra Resources and Duncastle Gold. Spiering is a registered member of the Society of Mining, Metallurgy, & Exploration and a fellow member of Australasian Institute of Mining and Metallurgy.

Nigel Bunting is based in London and is an active participant in several public and private resource ventures. He is a director of Bravada Gold and Southern Silver Exploration, both companies quoted on the TSXV exchange. Bunting identifies early-stage opportunities in the resource sector and arranges financings to advance projects to the public market. He is a director of Anglia Registrars, trading as Inform Direct, one of the UK’s leading cloud-based technology companies relating to company formation, administration, and secretarial services. Bunting is also a director of MFB Corporate Member, an insurance underwriter at Lloyds of London.

Dr. Larry Buchanan serves as the chief geologist and president of Electrum Resources. Dr. Buchanan has served as the chief geologist of Apex since 1995. Before that, he served as a principal advisor of international operations at Apex Silver Mines. He is a noted exploration geologist with a reputation as one of the industry’s leading experts on epithermal deposits. He has written a definitive text that describes the genesis and exploration of precious metal epithermal veins systems. Dr. Buchanan serves as a director of Begeyge Minera. He was previously a director of TintinaGold Resources, formerly Mantra Mining, from 2009 to 2011. His analysis of such deposits has given rise to the industry paradigm known as ‘The Buchanan Model.’ He has played a crucial role in identifying several multi-million-ounce gold deposits and developed implementation programs for numerous currently producing mines. His consulting clients included Cyprus Minerals, FMC, Total Resources, and Fischer-Watt Gold. Dr. Buchanan is the 2006 recipient of the Thayer Lindsley award for discovering the San Cristobal mine, located in the Potosi Mining district of Bolivia. He holds a bachelor’s of science and a doctoral degree in economic geology from the Colorado School of Mines.

Peter Cheesbrough is president of the exploration division of The Electrum Group. He has over 30 years of experience as a senior financial executive of public and private companies in various industries, including mining. He was the chief financial officer of Echo Bay Mines. Most recently, Cheesbrough was chief financial officer of ZeaChem, and the executive vice president and chief financial officer for CIBER, a global information technology consulting, services, and outsourcing company listed on the NYSE. He is a fellow of the Institute of Chartered Accountants in England and Wales and a member of the Institute of Chartered Accountants of Alberta.

Gina Jones is the chief financial officer and chief compliance officer of PenderFund Capital Management. Previously, Jones was the chief operating officer and chief financial officer of an independent brokerage firm in Vancouver, also serving as CFO for its US subsidiary. Before that, Jones was CFO at two Vancouver investment dealers. She holds a bachelor’s of commerce degree from UBC, articled with PricewaterhouseCoopers, and is a chartered professional accountant (CPA), chartered accountant (CA) and has a corporate finance (CF) specialty designation. In addition, she holds the ICD.D designation from the Institute of Corporate Directors.

Russell Ball is the former chief executive officer and executive chair of Calibre Mining. Previously, Ball was executive vice president and chief financial officer of Goldcorp, a role he assumed in March 2016 after initially joining Goldcorpin 2013 and serving as executive vice president of capital projects, strategy, and corporate development, including oversight of their primary growth projects. Before his role with Goldcorp. He served in varying capacities at Newmont Mining for almost 20 years, culminating with his appointment as executive vice president and chief financial officer. He currently serves on the Trevali Mining and CopperBank Resources boards.

This document corrects and replaces in its entirety the previous release that was issued by Southern Silver Exploration Corp. earlier today, October 13th, 2022 at 5:39pm ET.

Southern Silver Exploration Corp. (TSXV: SSV) ("Southern Silver") reports that it has filed on SEDAR its National Instrument 43-101 Technical Report titled Preliminary Economic Assessment of the Cerro Las Minitas Project, Durango State, Mexico, dated October 13, 2022 (the "Technical Report"). The report was authored by M3 Engineering & Technology Corp. ("M3"), Kirkham Geosystems Ltd. ("KGL"), Entech Mining Limited ("Entech"), and Metallurgical Process Consultants Limited ("MPC").

Filing of the Technical Report follows Southern Silver's news release issued August 29th, 2022 announcing the results of its Preliminary Economic Assessment ("PEA") on its 100% owned Cerro Las Minitas Project, Durango State, Mexico.

Robust Project Economics: an after-tax NPV8% of US$220M (C$302M); after-tax NPV5% of US$349M (C$480M) and project IRR of 17.9% (using base-case metal pricing of Ag- $21.95/oz, Cu - $3.78/lb, Pb - $0.94/lb and Zn - $1.33/lb);

Large-Scale Underground Mining Operation with a 15-year mine life with an annual average plant feed of 14.2 MozsAgEq (inc. 5.8 Mozs Ag);

High-Revenue Project: Base Case gross revenues total US$3.7B with silver representing 42% of revenues, zinc representing 39% of revenues. The project has an Initial CapEx of US$341M;

Well Located Project in a mining friendly jurisdiction with excellent infrastructure in southeast Durango state, Mexico; and

Further Exploration Upside: Drilling through to August 2022 has confirmed mineralized extensions to the Mina La Bocona and Skarn Front deposits that have not been incorporated into the current Resource Model. Other deposits remain open laterally and to depth and remain to be explored.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the identification of world-class mineral deposits in major jurisdictions, advancing them either directly or through joint-venture relationships. Our specific emphasis is on advancing the 100% owned Cerro Las Minitas project, one of the world's largest undeveloped silver-lead-zinc deposits, to a production decision.

Southern has assembled a team of highly experienced technical, operational and transactional professionals to support our efforts in developing (recent robust PEA) the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Our property portfolio also includes the Oro porphyry copper-gold project where a diamond drill program is underway and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway; both are located in southern New Mexico, USA.

On behalf of the Board of Directors

President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at https://www.southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

The PEA for the Cerro Las Minitas project as summarized in this release was completed by Kirkham Geosystems Ltd. ("KGL"), M3 Engineering & Technology Corp. ("M3"), Entech Mining Limited ("Entech"), and Metallurgical Process Consultants Limited ("MPC"). The full Technical Report is available on Southern Silver's website and on SEDAR under Southern Silver Exploration Corp.

The scientific and technical content of this news release was reviewed and approved by Robert Macdonald, MSc. P.Geo, VP. Exploration, a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

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.

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140514

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Southern Silver Exploration Corp. (TSXV: SSV) ("Southern Silver") reports that it has filed on SEDAR its National Instrument 43-101 Technical Report titled Preliminary Economic Assessment of the Cerro Las Minitas Project, Durango State, Mexico, dated October 13, 2022 (the "Technical Report"). The report was authored by M3 Engineering & Technology Corp. ("M3"), Kirkham Geosystems Ltd. ("KGL"), Entech Mining Limited ("Entech"), and Metallurgical Process Consultants Limited ("MPC").

Filing of the Technical Report follows Southern Silver's news release issued August 29th, 2022 announcing the results of its Preliminary Economic Assessment ("PEA") on its 100% owned Cerro Las Minitas Project, Durango State, Mexico. Highlights from the PEA include:

PEA Highlights (all figures in $US unless otherwise noted):

Robust Project Economics - Base Case: after-tax NPV5% of $349M (C$450M) and IRR of 17.9% (using Ag- $21.95/oz, Cu - $3.78/lb, Pb - $0.94/lb and Zn - $1.33/lb);

Excellent Silver and Zinc Price Leverage - Base-case +15%: after-tax NPV5% of $561M (C$730M)and IRR of 24.4% (Ag- $25.24/oz, Cu - $4.35/lb, Pb - $1.08/lb and Zn - $1.53/lb);

Large-Scale Underground Mining Operation with a 15-year mine life with an annual average plant feed of 14.2 MozsAgEq (inc. 5.8 Mozs Ag) at an AISC of $13.27/oz AgEq sold;

High-Revenue Project: Base Case gross revenues total US$3.7B with silver representing 42% of revenues, zinc representing 39% of revenues. The project has an Initial CapEx of $341M and an NPV-to-CapEx ratio of 1.0X;

Well Located Project in a mining friendly jurisdiction with excellent infrastructure in southeast Durango state, Mexico; and

Further Exploration Upside: Drilling through to August 2022 has confirmed mineralized extensions to the Mina La Bocona and Skarn Front deposits that have not been incorporated into the current Resource Model. Other deposits remain open laterally and to depth and remain to be explored

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the identification of world-class mineral deposits in major jurisdictions, advancing them either directly or through joint-venture relationships. Our specific emphasis is on advancing the 100% owned Cerro Las Minitas project, one of the world's largest undeveloped silver-lead-zinc deposits, to a production decision.

Southern has assembled a team of highly experienced technical, operational and transactional professionals to support our efforts in developing (recent robust PEA) the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Our property portfolio also includes the Oro porphyry copper-gold project where a diamond drill program is underway and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway; both are located in southern New Mexico, USA.

On behalf of the Board of Directors

President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at https://www.southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

The PEA for the Cerro Las Minitas project as summarized in this release was completed by Kirkham Geosystems Ltd. ("KGL"), M3 Engineering & Technology Corp. ("M3"), Entech Mining Limited ("Entech"), and Metallurgical Process Consultants Limited ("MPC"). The full Technical Report is available on Southern Silver's website and on SEDAR under Southern Silver Exploration Corp.

The scientific and technical content of this news release was reviewed and approved by Robert Macdonald, MSc. P.Geo, VP. Exploration, a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

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.

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140495

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Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Metals & Mining Growth Virtual Investor Conference to be held on October 18 th - October 20 th .

Individual investors, institutional investors, advisors, and analysts are invited to attend this virtual event showcasing live executive presentations addressing worldwide opportunities in battery and precious metals.

REGISTER NOW AT : https://bit.ly/3SN0CrW It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations and schedule 1x1 meetings with management.

"OTC Markets is proud to host the upcoming three-day Battery and Precious Metals Virtual Investor Conference co-sponsored by Murdock Capital Partners and TAA Advisory LLC," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. We are pleased to deliver an effective investor relations solution for today's resource companies to showcase their strategies and broaden their investor base."

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact: John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com

News Provided by GlobeNewswire via QuoteMedia

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Metals & Mining Growth Virtual Investor Conference to be held on October 18 th - October 20 th .

Individual investors, institutional investors, advisors, and analysts are invited to attend this virtual event showcasing live executive presentations addressing worldwide opportunities in battery and precious metals.

REGISTER NOW AT : https://bit.ly/3SN0CrW It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations and schedule 1x1 meetings with management.

"OTC Markets is proud to host the upcoming three-day Battery and Precious Metals Virtual Investor Conference co-sponsored by Murdock Capital Partners and TAA Advisory LLC," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. We are pleased to deliver an effective investor relations solution for today's resource companies to showcase their strategies and broaden their investor base."

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact: John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com

News Provided by GlobeNewswire via QuoteMedia

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Metals & Mining Growth Virtual Investor Conference to be held on October 18 th - October 20 th .

Individual investors, institutional investors, advisors, and analysts are invited to attend this virtual event showcasing live executive presentations addressing worldwide opportunities in battery and precious metals.

REGISTER NOW AT : https://bit.ly/3SN0CrW It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations and schedule 1x1 meetings with management.

"OTC Markets is proud to host the upcoming three-day Battery and Precious Metals Virtual Investor Conference co-sponsored by Murdock Capital Partners and TAA Advisory LLC," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. We are pleased to deliver an effective investor relations solution for today's resource companies to showcase their strategies and broaden their investor base."

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact: John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com

News Provided by GlobeNewswire via QuoteMedia

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

First Tellurium Corp. (CSE: FTEL) (the "Company" or "First Tellurium"), announces a non-brokered private placement (the "Offering") to raise up to $1,400,000 through the sale of up to 10,000,000 flow-through shares (the "Flow-Through Shares") and up to $700,000 through the sale of up to 7,000,000 units (the "Units"). Each Unit will consist of one non-flow-through common share and one common share purchase warrant exercisable at $0.15 for a period of two years following the close of the offering.

The Company may pay a finder's fee consisting of cash, shares and/or warrants to eligible finders as permitted under applicable securities laws and CSE policies. Proceeds arising from the sale of Flow-Through shares will be utilized for exploration expenditures on its Deerhorn Property. Proceeds arising from the sale of Units will be utilized for exploration on the Colorado Klondike Property and for unallocated working capital.

Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.

Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .

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First Tellurium Corp. (CSE: FTEL OTC FSTTF ) (the "Company" or "First Tellurium"), reports it has launched a soil sampling program at its Klondike tellurium-gold project in Saguache County, south-central Colorado. This work is designed to provide further guidance for a subsequent diamond drilling program, as announced August 17, 2022.

The sampling follows up on previous work conducted by First Solar Inc., when the property was being explored to supply tellurium for First Solar's cadmium-telluride solar panels.

Due to the property's exceptional tellurium grades, Klondike was considered one of First Solar's top tellurium prospects worldwide. First Solar planned to use Klondike as a potential primary source of tellurium for manufacture of the company's cadmium-telluride (CdTe) solar panels.

"Not only will this work give us better information for drill hole placement," said Klondike Project Manager John Keller, "it will also allow us to collect more detailed geologic data regarding lithology and structure from rock outcrops encountered while conducting soil sampling."

Keller noted that his team is using First Solar's data from geophysics, rock samples and geology to optimize the grid layout.

The Colorado Geological Survey (CGS), in partnership with the Colorado School of Mines, reported on First Solar's exploration at Klondike in the 2015 Colorado Mineral and Energy Industry Activities 2014-2015 publication. In particular, the CGS noted:

"Surface sampling by First Solar in 2006 found very high tellurium grades of up to 3.3% (33,000 ppm), along with locally high gold grades. Tellurium grades at Klondike were the highest encountered in the company's nationwide exploration program."

Klondike is located 10 miles (16 km) from the small town of Saguache and is easily accessible via paved and gravel roads. Most exploration work can be performed year-round.

"This is turning into an active season for First Tellurium," said President and CEO Tyrone Docherty. "With the launch of our Klondike program, combined with our copper porphyry prospecting at Deer Horn in British Columbia, we have two exciting campaigns underway for green metals."

FTEL's New Website, Presentation and Video We are also excited to announce the launch of our new website , where you'll find information about our company and properties. In addition, we have also released a new animated pitch deck, which you can find here . This presentation provides an overview of our business and future opportunities. Finally, we have also released a new explainer video, which you can find here . This video dives into the details of our properties and how they can benefit First Tellurium Investors.

Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.

Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .

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Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (the "Company" or "Gold79"), through its wholly-owned US subsidiary, is pleased to announce an Exploration and Option Agreement (the "Agreement") with Kinross Gold USA Inc. ("Kinross"), a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K) (NYSE: KGC) on its Jefferson Canyon Gold-Silver Project located in Nye County, Nevada, approximately 7 kilometers from Kinross's Round Mountain operations.

Mr. Derek Macpherson, President & CEO, stated, "We are pleased to welcome Kinross, a senior gold mining company, as a partner at Jefferson Canyon and as a strategic investor. The agreement with Kinross is a strong endorsement of Jefferson Canyon's potential and will accelerate exploration while allowing Gold79 shareholders to retain a significant interest in what we view as a very prospective project. With Jefferson Canyon only 7 kilometers from Kinross's operating Round Mountain Mine, we believe Kinross is better positioned to quickly and cost effectively advance Jefferson Canyon."

The terms of the Agreement include:

Initial cash payments and cost reimbursements from Kinross totaling US$50,000.

A commitment to purchase up to 9.9% of the issued and outstanding shares of Gold79 on a partially diluted basis (for no greater than US$200,000).

Kinross will make ongoing lease payments of US$75,000 per year for the term of the agreement, this first payment of which is due within 30 days of closing.

Kinross is required to spend US$600,000 in exploration work and will be responsible for making the payments to keep the unpatented claims in good standing.

During the term of the agreement, Kinross has the option to acquire 70% of the project for a cash payment of US$5,000,000 to Gold79 and form a joint venture LLC, and a second option to acquire an additional 10% of the project for a further payment of US$5,000,000 to Gold79.

The term of the Agreement is four years commencing from receipt of the pending drill permit, with a potential extension of up to two years, subject to certain conditions.

If an LLC is formed, in the event that either party is diluted below 10%, its interest converts to a 1% net smelter returns (NSR) royalty.

Mr. Gary Thompson, Chairman, stated, "We are excited to be working with Kinross on the Jefferson Canyon Project as the proximity to the Round Mountain Mine complex makes Kinross the natural partner. This agreement will allow Gold79 to focus more of its resources on the Gold Chain project in Arizona, where we are permitted to drill multiple high-potential targets, while Kinross advances Jefferson Canyon."

Red Cloud Securities Inc. acted as an advisor to Gold79 with respect to this transaction.

Jefferson Canyon Permitting Update The Company continues to work on permitting the Jefferson Canyon Project for an initial drill program. All permitting work was previously completed by Gold79 and the application was deemed complete by the United States Forest Service ("USFS"). Issuance of the final permit by the USFS is pending.

Gold79 Mines Ltd. is a TSX Venture listed company focused on building ounces in the Southwest USA. Gold79 holds 100% earn-in option to purchase agreements on three gold projects: the Jefferson Canyon Gold Project and the Tip Top Gold Project both located in Nevada, USA, and, the Gold Chain Project located in Arizona, USA. In addition, Gold79 holds a 36.6% interest in the Greyhound Project, Nunavut, Canada under JV by Agnico Eagle Mines Limited.

For further information regarding this press release contact: Derek Macpherson, President & CEO Phone: 416-294-6713 Email: dm@gold79mines.com Website: www.gold79mines.com.

Book a 30-minute meeting with our CEO here.

Stay Connected with Us: Twitter: @Gold79Mines Facebook: https://www.facebook.com/Gold79Mines LinkedIn: https://www.linkedin.com/company/gold79-mines-ltd/

This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including any strategic discussions, private placement financings, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. Gold79 does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140328

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October 13, 2022 TheNewswire - Vancouver, British Columbia, Canada Jazz Resources Inc. (the " Company " or " JZR ") ( TSXV:JZR ) is pleased to announce that it has been advised by ECO Mining Oil & Gaz Drilling and Exploration EIRELI (" ECO "), its joint venture royalty agreement counterparty and the operator of the Vila Nova Gold Project located in Amapa State, Brazil (the " Vila Nova Project ") that it has completed the 800 tonne per day bulk sampling gravimetric mill (the " Mill ") located at the Vila Nova Project, and that testing of the Mill has commenced.  The Mill was designed, manufactured and assembled by Brastorno Tecnologia em Equipamentos Para Mineracao (" Brastorno "), a Brazilian manufacturer of mineral exploration and mining equipment.

The Company has also been advised that the Mill, and the tailings management facility located on the Vila Nova Project, have received final environmental approvals and all requisite permits from the applicable regulatory authorities in Brazil.  ECO has commenced testing of the Mill and it is anticipated that bulk sampling will commence following satisfactory completion thereof.

Robert Klenk, Chairman and CEO of JZR commented, "The fulfillment of all permitting conditions and commencement of testing of the Brastorno mill is the culmination of substantial work by the Eco Mining and Brastorno teams. We believe the Vila Nova Gold Project is a foundational project that will provide continued growth for the Company and ECO "

The Company anticipates that the Mill will process 800 tonnes of tailings and bedrock per day once it is brought up to full production, which is anticipated to occur within 30 days from the date hereof.

The technical information in this news release has been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 "), and reviewed and approved by Dr. Stewart A. Jackson, PGeo., a "Qualified Person" under NI 43-101 and independent of the Company.  The Company does not report any resources or reserves on the Vila Nova Project, and has not prepared a preliminary economic assessment for the purposes of proceeding with any bulk sampling on the Vila Nova Project.

For further information, please contact:

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future.  Forward-looking statements in this news release include statements with respect to the anticipated commencement of operations of the Mill, the planned commencement of bulk sampling and the quantities expected to be processed.   Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements.  Risks that could change or prevent these statements from coming to fruition include, but are not limited to, that ECO may not succeed in bringing the Mill into operation and that the Mill may not operate as anticipated, or at all; that any minerals which may exist on the property comprising the Vila Nova Project may not be economically mined or processed, if at all; that we or ECO may not be able to obtain the necessary permits, or any additional permits, related to the Mill or the Vila Nova Project to enable ECO to explore for, or mine or process minerals; that we may not be able to raise additional or sufficient funds that may be necessary to develop the Vila Nova Project or bring the Mill into full operation and to continue its operation; the availability, or lack thereof, of labour, equipment and markets for our products; and general business, economic, competitive, geopolitical and social uncertainties and regulatory risks.  Although the Company 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 statements. The forward-looking statements contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking statements, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Copyright (c) 2022 TheNewswire - All rights reserved.

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American Eagle Gold Corp. (TSXV: AE) (" American Eagle ") and Orefinders Resources Inc. ‎(TSXV: ORX) (" Orefinders ") are pleased to jointly announce that they have entered into an option agreement ‎(the " Option Agreement ") and a call option agreement (the " Call Option Agreement "), each dated October 11, 2022 ‎. ‎Each such agreement pertains to a 20% interest ‎(except the NSR as defined below)‎ (the " Interest ") in American Eagle's NAK Copper-Gold Porphyry project (the " Project "), consisting of 5 mineral claims located northeast of Smithers, British Columbia .

Pursuant to the Option Agreement, American Eagle, as optioner, granted Orefinders, as optionee, an option to acquire the Interest in the Project. Consideration for acquiring the Interest is the carrying out by Orefinders of an aggregate of $1,000,000 in work obligations to enable the carrying out of exploration work on the project by not later than December 31, 2022 (the " Work Obligations ").

The $1,000,000 in Work Obligations will be incurred primarily through third party-contractors primarily for drilling, drill related work, geophysics, reports and sampling and all services in support thereof but will also include all necessary maintenance and carrying costs including taxes or fees levied by the Province of British Columbia or its agencies or the local municipality (but not sales taxes or taxes on income or profits) relating to the Project. American Eagle shall be entitled to charge a management fee equal to 5% of all such third party costs, which shall form part of the Work Obligations. No partial interest in the Mining Claims will be earned by Orefinders until the Work Obligations have been met completely.‎ Orefinders may, at any time or times, accelerate the Work Obligations prior to its due ‎date in order to earn its Interest in the Project earlier.‎

The Interest in the Project is subject to two separate net smelter royalties on the Project.  A 2% net smelter royalty on the Project is payable to Bernard Kreft , which American Eagle has the right to buy back half (50% of the aforementioned two percent ‎thereof), at a price of $1,500,000 .‎ (the " NSR ").‎  The Interest in the Project is also subject to a 1% net smelter royalty on the project, payable to 1302580 B .C. LTD, which American Eagle has the right to buy back half (50% of the aforementioned one percent ‎thereof), at a price of $1,000,000 .‎

Pursuant to the Call Option Agreement, Orefinders, as vendor, agreed to sell the Interest in the Project to ‎American Eagle, as purchaser, on the ‎closing date. Such closing date to be on or before thirty days after ‎ American Eagle has given notice to Orefinders of its desire to exercise its call option (the "Closing Date"). ‎Such call option is American Eagle's right to acquire the Interest at any time after February 28, 2023 but before April 30, 2024 ‎‎(the " Call Option ")‎‎. The purchase price payable by American Eagle to Orefinders for the Interest on the ‎‎Closing Date is $1,500,000 , which may be paid, at the sole option of American Eagle, in cash or ‎in common ‎shares of American Eagle (" American Eagle Shares "). If paid in American Eagle Shares, the price per share shall ‎be ‎equal to the 15 day VWAP of such shares on the TSX Venture Exchange (the " Exchange ") ending ‎three business days prior to the ‎Closing Date. ‎ The Interest is subject to the NSR.

The exercise of the Call Option and the completion of the transfer of Interest from Orefinders to American Eagle at the Closing Date shall be subject to the prior approval of the Exchange. ‎There is no assurance that Exchange approval of the Call Option will be obtained.

The Option Agreement and Call Option Agreement involve "Non-Arm's Length Parties" as such term is defined in the TSX Venture Exchange (the " Exchange ") Policy 1.1, as Stephen Stewart and Alex Stewart , directors of American Eagle, are ‎also directors of Orefinders.‎ In accordance with Policy 5.3 of the Exchange, the Option Agreement and the Call Option Agreement constitute a ‎ "‎Reviewable Disposition‎"‎ for American Eagle and A "Reviewable Acquisition" for Orefinders. The Option Agreement and the Call Option Agreement are subject to acceptance by the Exchange.

No finders fees will be paid in connection with the Option Agreement and the Call Option Agreement.

The Project is in the Babine Copper-Gold Porphyry District of British Columbia and is a classic porphyry target that exhibits all the signs of a large copper-gold system. Copper-gold porphyry mineralization at the Project is open in all directions. It is defined by a compelling geophysical signature analogous to Newcrest's Red Chris Mine and Newmont's Saddle deposit located in Northwest BC.

American Eagle trades under the AE symbol on the TSX Venture Exchange. American Eagle is focused on exploring its NAK project in the Babine Copper-Gold Porphyry district in central British Columbia.

Orefinders is a Gold exploration and development company focused exclusively on the Abitibi Greenstone Belt. Orefinders is listed on the Toronto Venture Exchange under the symbol ORX.

Certain information set forth in this news release contains forward-looking statements or information (" forward-looking statements )", including details about the business of American Eagle and Orefinders. All statements in this news release, other than statements of historical facts, that address events or developments that American Eagle and Orefinders expect to occur, are forward-looking statements including, but not limited to, the ability of Orefinders to earn the Interest by the completion of the Work Obligation, or the exercise of the ‎call option by American Eagle. ‎By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond American Eagle and Orefinders ' control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although American Eagle and Orefinders believe that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in American Eagle or Orefinders' public disclosure documents available at www.sedar.com .. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, neither American Eagle nor Orefinders undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange Inc. 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.

SOURCE American Eagle Gold Corporation

View original content: http://www.newswire.ca/en/releases/archive/October2022/13/c7574.html

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 ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that due to investor demand, the Company's non-brokered private placement announced on October 11, 2022 of flow-through units (the "FT Units") has been increased for gross proceeds of up to $1,000,000 (the "Offering"). The Offering will be available to Canadian accredited investors. Red Cloud Securities Inc. of Toronto, Ontario, has agreed to act as a finder for ALX for the Offering.

Up to 20,000,000 FT Units are offered at a price of $0.05 per FT Unit consisting of one flow-through common share and one half of one non flow-through common share purchase warrant. One whole common share purchase warrant from the FT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.075 for a period expiring 36 months following the closing date of the Offering.

Finder's fees will be payable to Red Cloud and other qualified finders in connection with the Offering consisting of 6.0% cash and 6.0% finder's warrants, with each finder's warrant exercisable at price of $0.05 for a period expiring 36 months following the closing date of the Offering. All the securities issuable will be subject to a four-month hold period from the date of closing, which is expected to occur on or about October 31, 2022.

Proceeds from the sale of FT Units will be used for exploration programs on the Company's Quebec, Saskatchewan, Ontario and Nova Scotia mineral properties. The Offering is subject to the acceptance of the TSX Venture Exchange.

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, lithium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 220,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX's uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project,the Sabre Uranium Project and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project (a joint venture with Uranium Energy Corporation and Orano Canada Inc.), and a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) as operator of exploration since 2016.

ALX owns 100% interests in four lithium exploration properties staked in September 2022 collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, and a 100% interest in the Anchor Lithium Project in Nova Scotia, Canada.

ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying VeeNickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two stages), and in the Draco VMS Project in Norway.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com.

On Behalf of the Board of Directors of ALX Resources Corp.

Warren Stanyer, CEO and Chairman

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140307

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