Author: TheNewswire.com

(via TheNewswire)

Vancouver, British Columbia – TheNewswire – April 9, 2024 – Rackla Metals Inc. (TSXV:RAK) (the “Company”) would like to thank the community of Ross River for hosting the Ross River Job Fair on April 4, 2024.

The Job Fair was organized by the Ross River Dena Council, Dena Nezziddi Development Corporation (DNDC), Tu Lidlini Petroleum (TLP) and Yukon University and hosted in the Ross River School. It was attended by 28 companies, including six exploration companies, environmental consulting companies, geological consultants, service providers, heavy equipment and construction contractors, government organizations, and local Ross River businesses and services.

The Job Fair was an opportunity for the companies to engage with the community, to network with other service suppliers, to showcase their projects and services, and demonstrate their commitment to community development.

The event was opened with a welcoming address from Ross River Dena Council Chief Loblaw and a performance by the Ross River drummers. Dena Nezziddi Development Corporation president, Kim Redies, was the Master of Ceremonies and did a great job of distributing the door prizes.

By all accounts, it was a great success.

Rackla Metals remains steadfast in our dedication to environmental stewardship and community well-being. As part of our ongoing commitment to sustainability, we are actively exploring initiatives to maximize the positive impact of our operations on local communities. The success of the Ross River Job Fair underscores our belief in the power of partnership and community involvement to drive meaningful change, and we look forward to continuing our collaborative efforts in the Ross River region and beyond.

Thank you, Ross River, DNDC, TLP and Yukon U.

ON BEHALF OF THE BOARD

Simon Ridgway,

CEO and Director

Tel: (604) 801-5432; Fax: (604) 662-8829
Email: [email protected]
Website: www.racklametals.com

About Rackla

Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canada based junior gold exploration company. The Company is targeting Reduced Intrusion-Related Gold Systems (RIRGS) mineralization on the southeastern part of the Tombstone Gold Belt in eastern Yukon and western Northwest Territories. Management believes that this area, which is underexplored for RIRGS deposit types, has the potential to be the next frontier for their discovery.

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

Forward-Looking Information

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the Company’s exploration activities. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

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 be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company 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 based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and planned exploration activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company 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 law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450585250/2895/2024-04-09T10:35:43

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VANCOUVER – TheNewswire – April 9, 2024 – Providence Gold Mines Inc. (TSXV:PHD), (OTC:PRRVF), (FRANKFURT:7RH1-F) (“Providence” or the “Company”) is pleased to announce a revised working model for gold deposition and exploration targeting at the Providence Gold Mines Group of Gold Mines (Providence, Fairplay, Good Enough, Consuela, Bonita, McCarthy, and Mexican). The revised model was developed after a re-examination of surface and underground geological mapping conducted in 2017 and a review of results from the 2019 surface core drilling program.

Gordon Gibson P.Geo. reports that the Motherlode-style high-grade gold mineralization on the property is contained in a series of complex sheared quartz veins and related secondary structures. The most important Fairplay vein is a prominent north-trending, 50-degree east-dipping mylonite zone emplaced in deformed slate, argillite, chert, phyllite, quartzite, schist, and gneiss, and contained diorite sills, of the Paleozoic Calaveras Complex. Motion on the mylonite, a strong post-tectonic strike-slip fault zone several 10 metres thick, is right-lateral. Movement on the non-planar fault zone resulted in zones of compression at restraining bends, expressed as stacked imbricate (en echelon) splay faults containing complex gold-bearing quartz veins. These secondary splay veins are detached from the main through-going mylonite zone and pervade for up to 150 metres into the host rocks of the Calaveras Complex. They preferentially follow a pre-existing northwest-trending steeply northeast-dipping late axial planar foliation in the country rocks. Hanging wall and footwall splay veins of this type create the well-known elongate east-plunging plumes or shoots of high-grade gold mineralization responsible for most of the production from historical underground mining at Providence.

It is important to note that drill hole PR19-05 intersected a footwall splay vein of the central plume at the surface, returning 3.04 metres of 2.46 g/t Au. A surface channel sample at the collar of hole PR19-05 returned 0.50 metres of 17.5 g/t Au. The splay vein of hole PR19-05, from the surface to the uppermost stopes of the Providence 100 level, a zone measuring approximately 52 ? 100 metres, is considered a prime gold target at surface. An 8-minute walk-through of this new modelling is available at: https://www.youtube.com/watch?v=PiP0lhbUXAA

Prior to a planned 4000-meter drilling program we intend to open this zone with an excavator in order to sample and map it. Subsequently, a new NI 43-101 technical report will be commissioned. With success, the near-surface material would be amenable to milling with the known nearby Providence Gold stockpile.

Ron Coombes, President & CEO states, “The potential of this new zone blended with the nearby stockpile material could become a game changer and decrease future share dilution significantly.”

With current gold prices, this is a very exciting prospect. A metallurgical bulk study was completed in late April 2021 for Providence Gold by F.L. Smidth-Dawson. The report concluded that the Stockpile gold could be recovered by regrinding and simple gravity separation. Unfortunately, the stockpile volume was not large enough to proceed as a standalone venture.

Additional property-wide surface drill targets continue to be refined near the McCarthy and Mexican shafts. Also, there is an untested area north of the Mexican shaft where significantly, ground preparation provides a favourable structural setting for hanging wall splay veins analogous to the “Bonanza” stope at the Providence mine.

The McCarthy and Mexican shafts are currently the Company’s primary drill targets.

Our Geological Team:

Our Qualified Person, Dr. Lee Groat Ph.D., P. Geo is the Company’s qualified person (as defined under NI 43-101 and has read and approved the technical information contained in this news release).

Mark Payne is our Registered P. Geo in the State of California and has specialized for over 45 years in the California Mother Lode Gold Belt.

Gordon Gibson P. Geo is a structural expert and geologist with over 40 years of experience.

Referenced News Releases and other Web Links:

• Walk-through at the 600-level underground mine using state-of-the-art 3D-LIDAR modelling ()

• McCarthy Mine Results 3.77 Kg Sample Yields 77.0 to 97.0 Grams Gold (https://providencegold.com/providence-gold-mines-announces-mccarthy-mine-results-3-77-kg-sample-yields-77-0-to-97-0-grams-gold/

• Providence Gold Discloses Discovery of Significant Archived Report (https://providencegold.com/providence-gold-discloses-discovery-of-significant-archived-report/)

• Latest news release with video of Enhanced Modelling for Drill Targeting (https://providencegold.com/enhanced-real-time-drill-target-modelling/

• April 2021 Bulk Sample testing reveals anticipated Gold Values from processing the stockpile (https://providencegold.com/anticipated-gold-values-found-in-stockpile-bulk-sampling-analysis-2/

About Providence Gold Mines Inc.:

Providence Gold Mining Inc. is an advanced-stage exploration and development Company holding an option to purchase 100% interest in the Providence Group of Gold mines near the City of Sonora California.

For more information, please contact Ronald Coombes, President, and CEO of the Company.

“Ronald Coombes”

Ronald A. Coombes, President & CEO

Phone: (604) 724-2369

Email: [email protected]

STAY TUNED! VISIT OUR WEBSITE FOR MORE DETAILS

www.ProvidenceGold.com

LIKE & FOLLOW @providencegoldmines
Instagram, Facebook, Twitter, TikTok, Youtube, LinkedIn.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Neither the OTCQB and or 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.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company‘s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company‘s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450581783/2895/2024-04-09T09:30:45

(via TheNewswire)

Vancouver, British Columbia – TheNewswire – April 9, 2024 – Dixie Gold Inc. (TSX VENTURE: DG)(“Dixie Gold” or the “Corporation”) reports that further to the Corporation’s incentive stock option plan (the “Plan”) it has today granted an aggregate of 1,125,000 incentive stock options to directors and management of the Corporation (the “Incentive Stock Option Grant”).

The options issued under the Incentive Stock Option Grant have an exercise price of $0.06, are exercisable for a period of 60 months, vest immediately and will be subject to the policies of the TSX Venture Exchange and the terms of the Plan.

Subsequent to the Incentive Stock Option Grant, the Corporation now has 1,450,000 incentive stock options issued under its current 3,073,718 option pool limit (such limit set by the Plan at a rolling 10% of common shares outstanding).

Dixie Gold has 30,737,188 common shares issued as at the date hereof.

About Dixie Gold Inc.

Dixie Gold Inc. (TSXV: DG) is a publicly traded exploration company holding a portfolio of exploration projects in Canada. For more information, please visit www.dixiegold.ca

Signed,

Ryan Kalt
Chief Executive Officer
Dixie Gold Inc.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Canadian securities laws. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,”, “intention” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions.

Without limitation, these statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business and transactions, or if our estimates or assumptions turn out to be inaccurate.

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.

Contact Info:

Ryan Kalt
Chief Executive Officer
Dixie Gold Inc.
T: 604.687.2038
E. [email protected]
W. www.dixiegold.ca

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450580667/2895/2024-04-09T09:06:09

(via TheNewswire)

Calgary, Alberta – TheNewswire – April 9, 2024 – Guardian Exploration Inc. (TSXV:GX) (OTC:GXUSF) (Frankfurt:R6B) (“Guardian“) announces that the non-binding letter of intent with Site Exploration Mining Company (“SEMC“) and its shareholders originally announced on December 5, 2023 has terminated. During the due diligence process, it was discovered that SEMC was in default of its corporate filings and payment of annual fees, and the letter of intent was not extended.

About Guardian Exploration Inc.

Guardian is a TSXV listed company (TSXV: GX) (OTCQB: GXUSF) (Frankfurt: R6B) in the business of oil and gas as well as mineral exploration and development. Guardian’s first prospect is the Mount Cameron Property located in the Yukon’s Mayo Mining District. Guardian also holds mineral claims located on southern Dall Island, Southeast Alaska, USA, known as the Kaigani claims, which it acquired in February 2022.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Graydon Kowal

President and CEO

(403) 730-6333

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the possible approval of the TSX Venture Exchange for the transaction, the completion of financing, the approval or rejection of licenses and prospects and the payment of Contingent Consideration. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include but are not limited to: operational matters, historical trends, current conditions and expected future developments, access to financing as well as other considerations that are believed to be appropriate in the circumstances. 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. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450580008/2895/2024-04-09T09:00:43

(via TheNewswire)

VANCOUVER, CANADA – TheNewswire – April 9, 2024: Sitka Gold Corp. (“Sitka” or the “Company”) (TSX-V:SIG) (FSE:1RF) (OTCQB:SITKF) is pleased to announce it has intercepted visible gold within sheeted veining in megacrystic quartz monzonite intrusive rock in the second 2024 winter diamond drill hole (DDRCCC-24-58 or Hole 58) at its flagship RC Gold Project (“RC Gold” or the “Project”) located in Yukon’s prolific Tombstone Gold Belt. A total of 1085.1 m has been drilled to date this year as part of a planned 15,000 m diamond drilling for 2024.

Hole 58 was collared approximately 70 metres north of recently completed DDRCCC-24-057, which also intersected visible gold in sheeted veining within megacrystic quartz monzonite (see press release dated March 28, 2024). Hole 58 was drilled to a depth of 534.9 metres at an azimuth of 60 degrees and dip of -60 degrees (see Figure 1) and is currently being logged and cut in preparation for delivery to the assay lab.

The winter drilling program is focused on stepping out from Hole 47 that was drilled in 2023 south of the current Blackjack gold deposit (900,000 ounces of gold at a grade of 0.83 g/t; see news release dated January 19, 2023). Hole 47 contained the best gold mineralized intersection to date on the property, returning 219.0 m of 1.34 g/t gold including 124.8 m of 2.01 g/t gold and 55.0 m of 3.11 g/t gold. Hole 58 was drilled to test the down dip extension of the well mineralized quartz monzonite intrusion intersected in hole DDRCCC-23-047 (see news release dated September 26, 2023).

“Observations of visible gold within significant intervals of megacrystic quartz monzonite (intrusive rock) in the first two step out drill holes of our winter diamond drilling campaign at RC Gold are very encouraging and further support that robust gold mineralization remains persistent in this area, which is still open in all directions,” said Cor Coe, Director and CEO of Sitka Gold. “These successful step outs show that mineralization encountered in Hole 47 continues in Hole 57 and 58 and demonstrates the significant potential to expand higher grade gold mineralization to the south and southeast of the current Blackjack deposit, which remains open in all directions, and we are eagerly awaiting the assay results.

“Our team has done a wonderful job getting an early start on the planned 15,000 metre diamond drilling program for this year. As the only company drilling in the Tombstone Gold Belt this winter, the advantages of having proximity to existing infrastructure, including year-round road access, are hard to ignore and bode well for current and future development of RC Gold. The Blackjack gold deposit is a strong example of the geological potential of the district-scale and still largely underexplored land package where over 1.3 million ounces of gold has been defined and nine outcropped intrusions associated with gold mineralization have been identified to date. With a gold resource that is poised for significant growth and several additional high priority intrusion related gold targets across the 386 square kilometre property, Sitka is very well positioned to capitalize on a strengthening gold market as we continue with our fully funded 2024 diamond drilling program at RC Gold.”

Hole 58 has confirmed that the well mineralized quartz monzonite intrusion intersected in hole DDRCCC-23-047 and in Hole 57 continues to depth. It intersected two broad zones of feldspar megacrystic and vari-textured, quartz monzonite and feldspar porphyry (6.0 – 114.2 m and 455.3 – 509.8 m, Figures 2 and 5) within a large package of biotite schist, phyllite, and quartzite of the Late Proterozoic Yusezyu Formation (Hyland Group). The intersection correlates well with the expected geology encountered in previous drill holes in the area including the lamprophyre dyke commonly associated with gold mineralization that was intersected from 509.9 – 528.2 m. The intrusions were cut by abundant 1-2 cm sheeted quartz veins, quartz-arsenopyrite veins, and arsenopyrite veins. Visible gold was noted at 476.9 m within the deepest intersection of the intrusion drilled to date (Figure 5). Several occurrences of bismuthinite, which is commonly associated with gold mineralization within the Blackjack gold deposit, were also observed in various intervals throughout the drill hole.

The key objectives of drilling this year will be to further expand and define targets within the well-endowed Clear Creek Intrusive Complex area, which currently hosts the Blackjack and Eiger gold deposits – both of which remain open in all directions. This initial drilling has focused on expanding the mineralization hosting the Blackjack deposit to the south and to depth and that objective has been achieved. The mineralization remains open and when drilling recommences this area will continue to be a focus for expansion of the high-grade Blackjack deposit resource. Drilling will also target expansion of the resource at the Eiger deposit and continue drilling of the Saddle zone, midway between the Blackjack and Eiger deposits, where drilling has indicated excellent potential for another resource (see Figure 3). Additionally, the drilling aims to advance the drill-ready targets elsewhere on the district-scale, 386 square kilometre property which hosts nine known intrusions with associated gold mineralization. The winter phase of the 15,000 m diamond drill program planned for 2024 has now been completed. The drill remains on site and the drilling will recommence after a brief hiatus as the spring thaw has begun in the Yukon.

Click Image To View Full Size

Figure 1: Workmap showing drill hole locations at the Blackjack gold deposit.

Click Image To View Full Size

Figure 2: Cross section of DDRCCC-24-058 where visible gold was intercepted within the deepest intersection of the intrusion drilled to date.

Click Image To View Full Size

Figure 3: Plan map of the Northern Extent of the Clear Creek Intrusive Complex where several drill intervals and surface samples have demonstrated the high-grade nature of the Reduced Intrusion Related Gold System present. Yellow stars indicate where outcrop rock samples of drill hole intervals have returned >10 g/t gold. Several additional targets with the potential to host intrusion related gold deposits of significant size and grade have yet to be drilled within this approximately 3 km x 5 km area. The Saddle Zone target area remains largely untested by drilling and contains the largest and strongest gold-in-soil anomaly on the property.

Click Image To View Full Size

Figure 4: Example of visible gold observed in DDRCCC-24-058 at 476.9 m

Click Image To View Full Size

Figure 5: Drill core, ranging from 470.5 to 479.5 metres in DDRCCC-24-058, consists of variably altered and intensely veined, multi-phase, megacrystic quartz monzonite, where visible gold was observed in a quartz veinlet at a depth of 476.9 metres.

About the flagship RC Gold Project

The RC Gold Project consists of a 386 square kilometre contiguous district-scale land package located in the heart of Yukon’s Tombstone Gold Belt. The project is located approximately 100 kilometres east of Dawson City with a 5,000 foot paved runway and is accessed via a secondary gravel road from the Klondike Highway which is usable year-round and is an approximate 2 hour drive from Dawson. It is the largest consolidated land package strategically positioned mid-way between Victoria Gold’s Eagle Gold Mine – Yukon‘s newest gold mine which reached commercial production in the summer of 2020 – and Victoria Gold’s former producing Brewery Creek Gold Mine.

On January 19, 2023 Sitka Gold announced an Initial Mineral Resource Estimate prepared in accordance with National Instrument 43-101 (“NI 43-101”) guidelines for the RC Gold Property of 1,340,000 ounces of gold(1). The road accessible, pit constrained Mineral Resource is classified as inferred and is contained in two near/on-surface zones: The Blackjack and Eiger deposits. Both of these deposits are at/near surface, are potentially open pit minable and amenable to heap leaching, with initial bottle roll tests indicating that the gold is not refractory and has high gold recoveries of up to 94% with minimal NaCN consumption (see News Release July 13, 2022). The Mineral Resource estimate is presented in the following table at a base case cut-off grade of 0.25 g/t Au:

RC Gold Inferred Mineral Resource Estimate

COG g/t Au	Blackjack Zone				Eiger Zone				Combined
	Tonnes 000’s	Au g/t	0z Au 000’s		Tonnes 000’s	Au g/t	0z Au 000’s		Tonnes 000’s	Au g/t	0z Au 000’s
0.20	35,798	0.80	921		32,523	0.45	471		68,321	0.63	1,391
0.25	33,743	0.83	900		27,362	0.50	440		61,105	0.68	1,340
0.30	31,282	0.88	885		22,253	0.55	393		53,535	0.74	1,279
0.35	29,065	0.92	860		17,817	0.60	344		46,882	0.80	1,203
0.40	26,975	0.96	833		14,506	0.66	308		41,481	0.86	1,140

Notes

1. Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of January 19,

2023. Mineral Resources are classified using the 2014 CIM Definition Standards.

2. The cut-off grade of 0.25 g/t Au is believed to provide a reasonable margin over operating and sustaining costs for open-pit

mining and processing

3. Mineral resources are constrained by an optimised pit shell using the following assumptions: US$1800/oz Au price; a 45

pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.00 per tonne; processing costs of US$8.00 per

tonne; G&A of US$1.50/t.

4. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

5. Totals may not sum due to rounding.

To date, 56 diamond drill holes have been drilled into this system for a total of approximately 19,962 metres including 16 drill holes totalling 6,515 metres completed in 2023 focused on expanding the initial resource. The drilling in 2023 produced results of up to 219.0 m of 1.34 g/t gold including 124.8 m of 2.01 g/t gold and 55.0 m of 3.11 g/t gold in drill hole DDRCCC-23-047 at Blackjack (see news release dated September 26, 2023).

*For more detailed information on the underlying properties please visit our website at www.sitkagoldcorp.com

RC Gold Deposit Model

Exploration on the Property has mainly focused on identifying an intrusion-related gold system (“IRGS”). The property is part of the Tombstone Gold Belt which is the prominent host to IRGS deposits within the Tintina Gold Province in Yukon and Alaska. Notable deposits from the belt include: Fort Knox Mine in Alaska with current Proven and Probable Reserves of 230 million tonnes at 0.3 g/t Au (2.471 million ounces; Sims 2018)(1); Eagle Gold Mine with current Measured and Indicated Resources of 233 million tonnes at a grade of 0.57 g/t Au at the Eagle Main Zone (4.303 million ounces; Harvey et al, 2022)(2); the Brewery Creek deposit with current Indicated Mineral Resource of 22.2 million tonnes at a gold grade of 1.11 g/t (0.789 million ounces; Hulse et al. 2020)(3); the Florin Gold deposit, located adjacent to Sitka‘s RC Gold project, with a current Inferred Mineral Resource of 170.99 million tonnes grading 0.45 g/t (2.47 million ounces; Simpson 2021)(4) and the AurMac Project with an Inferred Mineral Resource of 347.49 million tonnes grading 0.63 gram per tonne gold (7.00 million ounces)(5).

(1) Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA National Instrument 43-101 Technical Report. June 11, 2018. https://s2.q4cdn.com/496390694/files/doc_downloads/2018/Fort-Knox-June-2018-Technical-Report.pdf

(2) Harvey N., Gray P., Winterton J., Jutras M., Levy M.,Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. Victoria Gold Corp. December 31, 2022. https://vgcx.com/site/assets/files/6534/vgcx_-_2023_eagle_mine_technical_report_final.pdf

(3) Hulse D, Emanuel C, Cook C. NI 43-101 Technical Report on Mineral Resources. Gustavson Associates. May 31, 2020. https://www.goldenpredator.com/_resources/Brewery-Creek_NI-43-101-05OCT2020-File.pdf

(4) Simpson R. Florin Gold Project NI 43-101 Technical Report. Geosim Services Inc. April 21, 2021. https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005795&issuerType=03&projectNo=03236138&docI d=4984158

(5) Banyan Gold News Release Dated February 7, 2023 (Technical Report to be filed within 45 days of news release) https://banyangold.com/news-releases/2024/banyan-announces-7-million-ounce-gold-updated-mineral-resource-estimate-aurma c-project-yukon-canada/

Upcoming Events

Sitka Gold will be attending and/or presenting at the following events*:

• Redcloud Virtual 1:1 Precious Metals Conference, Toronto, ON, April 11, 2024

• 121 Mining Investment Conference, London, England: May 15 – 16, 2024

• Yukon Mining Alliance Property Tours, Dawson City, Yukon: June 20 – 26, 2024

• Takestock Investor Forum, Stampede Event, Calgary, Alberta: July 3, 2024

• Precious Metals Summit, Beaver Creek, Colorado: September 10 – 13, 2-024

*All events are subject to change.

About Sitka Gold Corp.

Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada with approximately $7 million in the treasury. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently exploring its flagship RC Gold Project within the Tombstone Gold Belt in the Yukon Territory. The company is advancing the Alpha Gold Project in Nevada and has drill permits for its Burro Creek Gold and Silver Project in Arizona and the Coppermine River Project in Nunavut.

The scientific and technical content of this news release has been reviewed and approved by Cor Coe, P.Geo., Director and CEO of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF SITKA GOLD CORP.

“Donald Penner“

President and Director

For more information contact:

Donald Penner President & Director 778-212-1950

[email protected]

or

Cor Coe

CEO & Director 604-817-4753

[email protected]

Cautionary and Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward–looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the use of the proceeds raised under the Offering and the Company’s anticipated work programs.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will complete its anticipated work programs and use the proceeds of the Offering as currently anticipated.

These forward–looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty, the results of the Company’s anticipated work programs and that the Company will not use the proceeds of the Offering as currently anticipated.

Although management of the Company has 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. Readers are cautioned that reliance on such information may not be appropriate for other purposes.

The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450578833/2895/2024-04-09T08:30:49

(via TheNewswire)

Abbotsford, BC – TheNewswire – April 9, 2024 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSXV:GSI) (OTC:GKPRF) a video and data solutions provider for public transportation and smart cities, announces that its wholly-owned subsidiary, Gatekeeper Systems USA Inc. located in Bristol, PA, has received a purchase contract from the Southeastern Pennsylvania Transportation Authority (SEPTA) to equip five transit locomotives with image and audio recording devices, including Crash Hardened Memory Modules (CHMMs).

Gatekeeper is an experienced provider to public transportation operators and offers comprehensive solutions that are compliant with the Federal Railroad Administration’s new rule requiring video and crashworthy recording devices on all intercity passenger and commuter trains in the United States. For additional information visit Gatekeeper’s FRA Compliant Locomotive Recording Devices.

SEPTA is one of the largest transit systems in the United States, serving five counties in the Greater Philadelphia area and connecting to transit systems in Delaware and New Jersey. Its services include regional rail, buses, trolleys, subway and a high-speed line to western suburbs.

On October 12, 2023, the Federal Railroad Administration announced a final rule requiring the installation of inward- and outward-facing image recording devices on all passenger train lead locomotives providing scheduled intercity rail passenger or commuter service. The regulation responds to a National Transportation Safety Board recommendation with the aim to enhance safety across the passenger rail industry. The final rule mandates that locomotive video recording devices must remain operational while the controlling locomotive of a passenger train is in motion and data captured must retain at least the last 12 hours of recorded footage and be stored in a crashworthy memory module. Since locomotive-mounted recording devices on passenger trains are categorized as “safety devices” tampering with or disabling of these vital recording systems is prohibited.

About Gatekeeper Systems Inc.

Gatekeeper is a leading provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics, and Mobile Data Collectors to inter-connect public transportation assets within a Smart City ecosystem. The Company’s Platform-as-a-Service (PaaS) business model is centered around wirelessly enabled Mobile Data Collectors which forms the foundation of the Company’s data company evolution. www.gatekeeper-systems.com.

Contact Information:

Douglas Dyment

President & CEO

[email protected]

(604) 864-6187

Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management’s discussion and analysis for the period ended November 30, 2023. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management’s current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.

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.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450577797/2895/2024-04-09T08:01:59

(via TheNewswire)

CALGARY, ALBERTA, April 9, 2024 – TheNewswire – Lithium Chile Inc. (“Lithium Chile” or the “Company“) is pleased to announce a substantial increase of 24% to the resource at its Salar de Arizaro Project, Argentina from the results of an updated NI 43-101 compliant resource report. The Company reports a new, increased Project total of 4,122,000 tonnes of Lithium Carbonate Equivalent (“LCE“) from measured, indicated, and inferred resource categories.

HIGHLIGHTS:

• Total LCE resource increased by 24% since reporting the results of the Preliminary Economic Assessment (Press release of August 8, 2023) for a new total of 4,122,000 tonnes LCE.

• The increased LCE resource related to the Salar de Arizaro project is comprised of:

  • 261,000 tonnes in the measured category; and

  • 2,237,000 tonnes in the indicated category; and

  • 1,624,000 tonnes in the inferred category.

• Diamond drill hole ARDDH-08 contributed an increase of 559,518 tonnes of indicated and 188,886 tonnes of inferred LCE resource. The resource increase at ARDDH-08 resulted from an average lithium grade of 538 mg/L from well depths between approximately 200-300 metres and an average lithium grade of 343 mg/l from well depths between approximately 300 to 570 metres, such that a total sampled interval of 370 metres of the reservoir containing lithium brines has been established.

• Over 260,000 tonnes LCE associated with the ARGENTO-02 well was reclassified from the indicated category to the measured category due to the long-term pumping test and additional brine sampling that was conducted.

Click Image To View Full Size

Table 1: Summary Of Values from the Updated Lithium Chile Resource Estimate

(Note: total tonnages are rounded to the nearest thousand and a 200 mg/ cut-off grade was assumed based on the expected processing method).

Figure 1: Map of Resource Estimation Areas, Salar de Arizaro (Shallowest Polygons)

Steve Cochrane President and CEO of Lithium Chile emphasized: “Increasing our lithium resource by 24% marks substantial progress for our Arizaro project from just 2 additional wells. This yet again reinforces our belief that the Arizaro property is a world class lithium project. Our team’s relentless efforts in expanding the resource demonstrates their exceptional abilities for which I extend my thanks”. Steve Cochrane continued: “With our strategic process proceeding, it is exceedingly exciting that the Company is able to report such a significant resource increase.”

NEXT STEPS IN RESOURCE UPDATE:

• An updated analysis of the area around ARDDH-08 contained in the reserve model is underway and will be added to the NI 43-101 compliant report once completed.

• An update to the Company’s 2023 Prefeasibility Study Report is expected by the end of the second quarter which will confirm reserve volumes and a potential production profile.

OTHER ARGENTINIAN DEVELOPMENTS:

Block IV Permitting

The baseline Environmental Impact Study for the new Block IV exploration program was completed and submitted to the Salta Mining Ministry at the end of February 2024. This will allow for the Company’s exploration drill program on Block IV, which is currently expected to begin in the second half of 2024.

Water Wells

Drilling of hole ARDDH-09 is nearing completion at which time the drilling rig will be moving to a number of locations on the Company’s south-western claims with the objective of substantiating the fresh-water aquifer characteristics needed for production. These locations surround and offset Lithium Chile’s existing fresh water well that substantiated significant fresh-water deliverability. Drilling is also continuing with a rotary rig on production well ARGENTO-06. Those results will be released when they become available.

QUALIFIED PERSON, QA/QC STATEMENTS:

Michael Rosko, MS, PG, of Montgomery and Associates (M&A) of Santiago, Chile, is a registered geologist (CPG) in Arizona, California and Texas, a registered member of the Society for Mining, Metallurgy and Exploration (SME No. 4064687), and a qualified person as defined by National Instrument 43-101. Mr. Rosko has extensive experience in salar environments and has been a qualified person on many lithium brine projects. Mr. Rosko and M&A are completely independent of Lithium Chile. Mr. Rosko has reviewed and approved the scientific and technical content of this news release.

ABOUT LITHIUM CHILE:

Lithium Chile is an exploration and lithium resource company with a property portfolio consisting of 111,978 hectares in Chile and 29,245 hectares in Argentina. The Company has filed a NI 43-101 Report and Preliminary Economic Assessment. The revised reports will be filed shortly which will be available for viewing on the Company’s profile at SedarPlus.ca

Lithium Chile also owns 5 properties totaling 22,529 hectares that are prospective for gold, silver and copper.

On September 21, 2023, Lithium Chile announced the hiring of PI Financial as its financial advisor to seek strategic alternatives. That process is underway as the Company continues to enhance the underlying value of its assets including an increase related to the resource volume increases discussed in this press release.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-QB under the symbol “LTMCF”.

To find out more about Lithium Chile, please contact Steven Cochrane, President and CEO via email: [email protected] or Michelle DeCecco, Vice President and COO via email: [email protected]

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.

FORWARD LOOKING STATEMENTS:

This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates and the timely receipt of required regulatory approvals if required. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although Lithium Chile believes that the assumptions and factors on which such forward-looking statements are based upon reasonable assumptions, undue reliance should not be placed on the forward-looking statements because Lithium Chile can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do, what benefits Lithium Chile will derive therefrom. Lithium Chile does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450577631/2895/2024-04-09T08:00:59

(via TheNewswire)

VANCOUVER, BRITISH COLUMBIA (April 9, 2024) – TheNewswire – Arctic Fox Lithium Corp. (CSE: AFX / FSE: O5K) (the “Company”) is pleased to announce the results from its Phase I exploration campaign at the Pontax North property located in the James Bay region of Quebec.

Highlights of the 2023 prospection campaign:

• The observation of large areas of white S-type pegmatites containing biotite-muscovite-garnets-tourmaline, attributed to the prolific Causabiscau Suite hosting the James Bay Lithium deposit.

• The northeast part of the Pontax North property has emerged as a focal point of interest, boasting rare metals anomalies locally up to 100 times the average of the upper continental crust.

• The identification of a lithium anomaly 5.3 times the average (Li) in upper continental crust and associated with Niobium and Cesium.

The identification of pegmatites belonging to the Causabiscau Suite in the northern part of the Pontax North Property presents a significant opportunity for targeted exploration due to its strong association with critical and strategic metals. LCT (Lithium-Cesium-Tantalum) pegmatites are typically hosted by mafic metavolcanics or metasedimentary rocks, and are located near peraluminous (S-type) granitic plutons. The identification of minerals such as muscovite, garnets and tourmaline confirms the peraluminous nature of the granitic units present on the Pontax North Property and further accentuates the exploration potential of the area. In addition, the clear coincident anomalies in beryllium, cesium, niobium and tantalum observed in sample #100865 correspond to a typical signature of LCT pegmatites.

A lithium anomaly of 106 ppm Li was discovered in sample #100754 in the NW part of the property within a dark coarse grained rock containing more than 50% biotite, that could correspond to a restite enclave.

Harry Chew, Chief Executive Officer of Arctic Fox states, “This is an important milestone for Arctic Fox as we unveil the results of our Phase I exploration at Pontax North. The discovery of rare earth metals anomalies, notably lithium, alongside the confirmation of the Causabiscau Suite, signals a promising start for Arctic Fox. These findings underscore the geological potential of the Pontax North property and reaffirm our dedication to methodical exploration. Moving forward, we remain committed to responsible practices and continued research, as we strive to uncover the full potential of this area.”

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Sample # 100754 Sample #100865

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While the northern half of the Pontax North property is predominantly composed of large masses of white granitic pegmatite interpreted as a product of partial melting of paragneiss, the identification of diatexites in the hostrock suggests locally high degrees of partial melting further enhancing the prospects for rare earth metals. Notable characteristics of fertile S-type pegmatites have also been observed by field crews in 2023, including coarse to blocky crystals of microcline, plagioclase, and quartz with frequent graphic intergrowths, as well as the occasional presence of muscovite, garnets and tourmaline. The presence of coincident Be-Cs-Ta-Nb-Rb anomalies are a definitive indicator of the rare-element potential of the system.

The company has also completed a detailed compilation of the Lidar completed last fall and the high-resolution magnetic data from Quebec’s Ministry of Energy and Natural Resources (MERN) which revealed compelling geophysical features on the Pontax North property, suggesting the presence of unmapped diabase dikes and potential ENE pegmatite swarms pointing to the Causabiscau Suite below overburden. This coupled with the recent results underscores the importance to further explore the Pontax North Property. The 2024 exploration program of Arctic Fox properties is currently in the planning stages.

Work was also carried out on the Kana Lake and Delta Lake properties.

Delta Lake:

The lithologies observed on the Delta Lake property are mainly dark, massive and aphanitic to fine grained, locally plagioclase-porphyritic amphibolites. Weak to strong chloritization and epidotization are locally observed. Some finely bedded sediments (greywacke/siltstone) were observed in the central part of the property, while tonalite was observed in the southwestern part with limited pegmatite and aplite injections. Massive medium-grained diorite with weak chloritization was observed in the southeastern part of the property.

The only pegmatite observed throughout the 2023 campaign on the Delta Lake property was situated in outcrop #BM-23-023 hosted in a medium-grained tonalite. A 15 cm wide beige-pinkish pegmatitic dyke oriented N140/-80 was sampled, however this dyke does not correspond to the S-type ones we are searching for in rare metals exploration.

Two outcrops of particular interest for gold and base metals were observed: 1) A quartz-carbonate stockwork filling was observed in a hydrothermal breccia zone within amphibolites at outcrop #BM-23-147. The chloritization and silicification of the host rock proves that strong fluid circulation occurred. Sample #100828 taken from a 0.3m wide ESE-oriented vein was sampled; 2) Py-Po-Cp mineralization was observed within sediments at outcrop #BM-23-153. The style of mineralization indicates base metals sulphide remobilizations from a parent source. Sample #100829 was collected from that outcrop.

Unfortunately no rare earth anomaly was observed on the 2 samples assayed for rare metals and no gold anomaly was observed on the six (6) samples assayed for precious metals. However a combined anomaly of 1.26 ppm Ag and 1,605 ppm Cu was observed on sample #100829 where pyrite, chalcopyrite and malachite were observed.

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Sample #100829 Sample #100829 outcrop

Kana Lake:

The lithologies observed on the Kana Lake property were mainly medium-grained white to pinkish felsic intrusive rocks identified as tonalites / granodiorites and anatectic granites, with local pegmatitic pockets. Pink intrusives are related to the granodiorites and granites of the Janin Suite. These rocks usually contain more than 30% alkali feldspar, 20-40% grey quartz and 1%-15% biotite, with local pegmatitic pockets. White intrusives units of the Gladman Suite however locally expose muscovite, red garnets and tourmaline which attests of a peraluminous (S-type) composition. These pegmatites are therefore considered as highly prospective for lithium and rare metals mineralization. Light to strong hematization is also locally observed giving the rock a pinkish to reddish colour.

Isolated anomalies were locally observed in the 2023 samples but no coincident anomaly suggesting the presence of a LCT pegmatite signature. A 76 ppm Li anomaly was observed in a coarse grained tonalite pocket containing up to 2% of small red garnets (sample #108023) in the northern part of the property. That area of the property is also characterized by a rubidium background noise higher that the rest of the property (300 ppm to 400 ppm Rb). Slight Be and Cs anomalies are observed on two (2) samples of white pegmatites (#100739 and #100740) collected a few meters from each other, in the southeastern part of the property.

Click Image To View Full Size
Click Image To View Full SizeSample #108023 close up Sample 108023

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Sample #100739 Sample #100740

Overall, the Kana Lake property hosts a favorable geological environment for continued exploration, as fertile pegmatites often present white and blocky K-Feldspar with frequent graphic intergrowths with quartz, both of which were observed on the Kana Lake property. In addition, the weak lithium anomaly observed in sample (#108023) is an indicator of the fertility potential of the paragneiss-pegmatite system for lithium mineralization in that area.

The Company also wishes to announce the appointment of Mr. Benjamin Mougin, P. Geo. M.Sc, as its Qualified Person (QP) as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Mougin is a member in good standing of the Ordre des Geologues du Quebec (OGQ) and is an independent consultant providing his expertise in geoscientific data compilation, property evaluations, exploration recommendations, field work, QAQC surveying and report writing. He has a Master Degree (DESS) in “Mineral Resources & Geodynamic” from Orleans University (France) as well as a Master Degree (DESS) in “Exploration and Management of Non Renewable Resources” from Universite du Quebec a Montreal (UQAM).

Mr. Gerald G. Carlson has tendered his resignation as director, VP of Exploration and QP to the Company effective immediately. The Company wishes to thank Mr. Carlson for all his efforts and expertise in assisting the Company in the past and wishes him the best of luck in his retirement. At this time the Board of Directors are interviewing suitable candidates to fill the vacancy left by Mr. Carlson.

In addition, the Company has granted 1,000,000 incentive stock options to directors, officers, employees and consultants of the Company. Each option is exercisable for one common share in the capital of the Company at an exercise price of $0.03. The options will expire five years from the date of issuance and vest immediately.

About Arctic Fox Lithium Corp.

Established in Vancouver, British Columbia, Arctic Fox is a Canadian junior mining exploration company founded by an experienced management team to assess and grow its portfolio into a leading company in lithium and rare earth elements. Through targeted exploration and intentional research, Arctic Fox is bringing a trustworthy lens to the development of sought-after resources from multiple projects in Canada, focussing on properties in the mining-friendly province of Quebec.

The technical information contained within this News Release has been reviewed and approved by Benjamin Mougin, P. Geo, M. Sc. and Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects

For further information, please contact:

Harry Chew, President, CEO
Phone: (604) 689-2646

On behalf of the Board of Directors,

“Harry Chew”

Harry Chew

President & CEO

Arctic Fox Lithium Corp.

Twitter: https://twitter.com/arcticfoxLi

LinkedIn: https://www.linkedin.com/company/arcticfoxlithium

Facebook: https://www.facebook.com/arcticfoxlithium

Instagram: https://www.instagram.com/arcticfoxlithium

YouTube: https://www.youtube.com/@arcticfoxlithium

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

Forward-Looking Information: This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address any activities and events or developments that Arctic Fox Lithium Corp. (“Arctic Fox“) expects to occur, are forward-looking statements. Although Arctic Fox believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements relating to: potential benefits of the fieldwork described in this press release; and the future potential of and exploration on the properties described in this press release. Factors that could cause actual results to differ materially from those in forward looking statements include the failure to complete the fieldwork on the timing and terms as contemplated or at all; uncertainty with respect to the results of future exploration and the ability to conduct any exploration activities on the properties described in this press release; market prices; disruptions relating to the COVID-19 pandemic; and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; in order to conduct anticipated exploration activities; and that the exploration compilation work described in this press release will be completed as anticipated. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Arctic Fox 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 as required by applicable law.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450577578/2895/2024-04-09T08:00:41

(via TheNewswire)

–

Oversubscribed Financing by Strategic Investors Increased to $1,000,000

Hard Dollars

Vancouver, British Columbia – TheNewswire – April 9th, 2024 – Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to announce an increased non-brokered financing of up to $1,000,000 dollars due to strong support from long term supporters and strategic investors alike. Crescat Capital LLC (“Crescat”) has agreed to increase its strategic investment to 19.97 % ownership of the Company post-funding on a partially diluted basis from the previously announced news on April 8th. Juggernaut welcomes this increased strategic investment from Crescat Capital and technical support from Dr Quinton Hennigh. Juggernaut’s High-Grade Gold and Copper projects continue to garner strong interest and support from leading institutions and miners alike, confirming the quality of its three fully permitted, 100% controlled, drill-ready projects located in the geopolitically stable world-class geologic terrane of Northwestern British Columbia and the Golden Triangle.

Through his role as technical and geologic director of Crescat Capital, Dr. Quinton Hennigh continues to provide technical advice to the Company. Dr. Hennigh is a world-renowned exploration geologist with more than 30 years of experience, including with major gold mining firms Homestake Mining, Newcrest Mining, and Newmont Mining.

Dr. Hennigh stated, “Very promising results from 2023’s maiden drill program confirmed strong potential for “Surebet” style intrusive-related gold-base metal lodes at Bingo. In addition, follow up drilling at Midas continues to demonstrate the presence of a large volcanogenic massive sulfide system in need of further work. With interest in the mining exploration space quickly heating up, it is critical that companies like Juggernaut get back to the job of making discovery. I look forward to working with the Company’s team as plans are made for this year’s drill campaign at both of these exciting projects. “

View Juggernaut videos by Clicking Here.

The funding will consist of up to 16,666,667 units (“Units”), priced at $0.06 each for gross proceeds of up to $1,000,000. Each Unit will consist of one common share plus one warrant to purchase one common share at $0.10 for a thirty-six-month period with no accelerated conversion. Upon completion of the offering, projected to close on or before May 1st, Crescat will own units representing a 19.97 % ownership in the Company post-financing.

“We look forward to helping Juggernaut continue their work at Bingo and Midas in the coming drill season, given the potential for a significant discovery, remarked Kevin Smith, Crescat’s founder and Chief Investment Officer. “This is the same exploration team that delivered a major gold and silver discovery for us at Goliath Resources’ Surebet. They are highly capable of doing the same at one or both of these targets.”

Directors and officers of the company may acquire securities under the placement, which participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Mr. Dan Stuart, Director, President, and CEO of Juggernaut, states:

“We are pleased to strengthen our relationship with Crescat Capital as a strategic investor and Dr. Hennigh as a Special Technical Advisor and investor. I look forward to working with our partners, who bring a proven track record of both financial and technical strength. This will enable Juggernaut to unlock the full potential of its assets over the long term, building value for all shareholders. This investment and strategic partnership, coupled with the ongoing support and interest from other globally recognized Institutions and senior miners, is a strong endorsement that clearly demonstrates the significant near-term expansion discovery potential of our 100% controlled properties–highlighting just one recent discovery on Bingo where multiple drill holes intersected high-grade gold-silver-copper mineralization along an extensive north-trending, west-dipping, shear-hosted vein with grades up to 11.42 gpt AuEq (7.57 gpt Au, 20.23 gpt Ag and 2.72 % Cu) over 5.11 meters, including 19.69 gpt AuEq (13.05 gpt Au, 24.93 gpt Ag and 4.70 % Cu) over 2.90 meters. The shear-hosted vein at the Bingo Main Zone is partially exposed at surfaces for over 600 meters, and only the main outcrop has been drill-tested to date, leaving the system open in all directions. With much anticipation, we look forward to expanding our high-grade gold and copper discoveries through the drill bit on both Bingo and Midas in the rapidly approaching summer of 2024.”

Link To Bingo High-Grade Gold Copper Discovery.

Post financing, Juggernaut will have a tight capital structure, no debt, and a strong cash position. As such, we are well-positioned to move forward with our plans.

The Company may pay finder’s fees of the gross proceeds from the financing in cash, and compensation options on units being sold. This non-brokered private placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.

About Crescat Capital LLC

Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat’s mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat’s goal is industry leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. The company’s investment process involves a mix of asset classes and strategies to assist with each client’s unique needs and objectives and includes Global Macro, Long/Short, Large Cap and Precious Metals funds.

Crescat is advised by its technical consultant, Dr. Quinton Hennigh on investments in gold and silver resource companies. Dr. Hennigh became an economic geologist after obtaining his PhD in Geology/Geochemistry from the Colorado School of Mines. He has more than 30 years of exploration experience with major gold mining firms, including Homestake Mining, Newcrest Mining, and Newmont Mining. Recently, Dr. Hennigh founded Novo Resources Corp and is serving as Chairman. Among his notable project involvements are First Mining Gold’s Springpole gold deposit in Ontario, Kirkland Lake Gold’s acquisition of the Fosterville Gold Mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One’s Tuvatu gold project in Fiji, among many others.

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is a precious metals project generator in the geopolitically stable jurisdiction of Canada, focused on the prolific geologic setting of northwestern British Columbia encompassing the Golden Triangle.

Qualified Person Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101 for Juggernaut Exploration’s projects. He supervised the preparation of and has reviewed and approved the technical information in this release.

For more information, please contact

Juggernaut Exploration Ltd.

Dan Stuart

President, Director, and Chief Executive Officer

604-559-8028

[email protected]

www.juggernautexploration.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD LOOKING STATEMENT

Certain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450576917/2895/2024-04-09T07:45:44

(via TheNewswire)

Rouyn Noranda, Q.C., April 9, 2024 – TheNewswire – Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the “Company” or “Granada Gold” or “Granada”) is pleased to announce significant progress in its pursuit of open-pit mining with the submission of a renewal for Mining Development Lease BM-813 which is now approved for signing. This renewal, facilitated through the Directorate of Development and Control of Mining Activity (DDCAM) part of the Ministry of Natural Resources and Forestry (MNRF), marks a critical milestone in the Company’s journey towards becoming a prominent gold producer on the Cadillac Break.

The renewal application for Mining Development Lease BM-813, covering a 21.12-hectare area, has been submitted under the provisions outlined in Section 121 of the Mining Act. Granada Gold anticipates now that BM-813 is approved for signing we are ready to see these consolidated mining leases (BM-813 and BM-852) monetized, underscoring the Company’s commitment to advancing its operations responsibly and in compliance with regulatory standards.

Mining Lease BM-813 holds significant historical significance for Granada Gold, having previously yielded notable results from high-grade vein 1. A 500-tonne surface bulk sample extracted in 2022 showcased promising grades, with a reported gold content of 3.95 grams per tonne. This vein has a rich history dating back to the 1930s when it was mined underground, yielding impressive grades of 9-10 grams per tonne gold. Subsequent open-pit mining endeavors in 1993-1994 and 1996 further demonstrated the area’s potential, with grades ranging from 3.46 to 5.17 grams per tonne gold.

Frank Basa, President and CEO of Granada Gold Mine Inc., commented on the significance of the lease renewal: “We have made great strides this last year, we are pleased to see BM-813 coming through in conjunction with BM-852, the land package remains consolidated and permitted. We now have a timeline to work with. This is a critical step forward as we work towards open-pit mining and to solidify partnerships within our communities.”

Granada Gold Mine is actively engaged in seeking a milling partner to support its operational endeavors. With the renewal of BM-813, the Company is poised to accelerate its timeline towards production and capitalize on the abundant opportunities presented by the prolific Cadillac Break.

Qualified person

The technical information in this news release has been reviewed and approved by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc., who is a member of the Quebec Order of Engineers and a qualified person in accordance with the National Instrument 43-101 standards.

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop and explore its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which is adjacent to the prolific Cadillac Break. The Company owns 14.73 square kilometers of land in a combination of mining leases and claims. The Company is undergoing a large drill program with 30,000m out of 120,000m complete. The drills are currently paused to provide the technical team with the necessary time to evaluate and assimilate existing data.

The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold.

Mineral Resource Estimate

On August 20, 2022 the Company released an updated NI 43-101 technical report supporting the resource estimate update for the Granada Gold project (Please see July 6, 2022 news release) reporting that the Granada deposit contains an updated mineral resource, at a base case cut-off grade of 0.55 g/t Au for pit constrained mineral resources within a conceptual pit shell and at a base case cut-off grade of 2.5 g/t for underground mineral resources within reasonably mineable volumes, of 543,000 ounces of gold (8,220,000 tonnes at an average grade of 2.05 g/t Au) in the Measured and Indicated category, and 456,000 ounces of gold (3,010,000 tonnes at an average grade of 4.71 g/t Au) in the Inferred category. Please see Table 1 below for full details. Report reference: Granada Gold Project Mineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and Maxime Dupere, B.Sc, P.Geo., SGS Canada Inc. dated August 20th, 2022 and with an effective date of June 23rd, 2022.

Table 1: Mineral Resource Estimate Showing Tonnes, Average Grade, and Gold Ounces

Cut-Off (g/t Au)	Classification	Type	Tonnes	Au (g/t)	Gold Ounces
0.55 / 2.5	Measured1	InPit+UG	4,900,000	1.70	269,000
	Indicated	InPit+UG	3,320,000	2.57	274,000
	Measured & Indicated	InPit+UG	8,220,000	2.05	543,000
	Inferred	InPit+UG	3,010,000	4.71	456,000

(1) The 1930-1935 production was removed from these numbers (164,816 tonnes at 9.7 g/t Au / 51,400 ounces Au).

(2) The Independent QP for this resources statement is Yann Camus, P.Eng., SGS Canada Inc.

(3) The effective date is June 23rd, 2022.

(4) CIM (2014) definitions were followed for Mineral Resources.

(5) Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to a Measured and Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

(6) No economic evaluation of the resources has been produced.

(7) All figures are rounded to reflect the relative accuracy of the estimate. Totals may not add due to rounding

(8) Composites have been capped where appropriate. The 2.5 m composites were capped at 21 g/t Au in the thin rich veins and at 7 g/t Au in the low-grade volumes.

(9) Cut-off grades are based on a gold price of US$1,700 per ounce, a foreign exchange rate of US$0.78 for CA$1, a processing gold recovery of 93%.

(10) Pit constrained mineral resources are reported at a cut-off grade of 0.55 g/t Au within a conceptual pit shell

(11) Underground mineral resources are reported at a cut-off grade of 2.5 g/t Au within reasonably mineable volumes.

(12) A fixed specific gravity value of 2.78 g/cm3 was used to estimate the tonnage from block model volumes

(13) There are no mineral reserves on the Property.

(14) The deepest resources reported are at a depth of 990 m.

(15) SGS is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issues that could materially affect the mineral resource estimate.

(16) The results from the pit optimization are used solely for the purpose of testing the “reasonable prospects for economic extraction” by an open pit and do not represent an attempt to estimate mineral reserves. There are no mineral reserves on the Property. The results are used as a guide to assist in the preparation of a mineral resource statement and to select an appropriate resource reporting cut-off grade.

The property includes the former Granada Gold underground mine which produced more than 50,000 ounces of gold at 10 grams per tonne gold in the 1930’s from two shafts before a fire destroyed the surface buildings. In the 1990s, Granada Resources extracted a bulk sample (Pit #1) of 87,311 tonnes grading 5.17 g/t Au. They also extracted a bulk sample (Pit # 2) of 22,095 tonnes grading 3.46 g/t Au.

“Frank J. Basa”

Frank J. Basa, P. Eng. member of the Order of Engineers of Ontario

Chief Executive Officer

For further information, Contact:

Frank J. Basa

Chief Executive Officer

P: 416-625-2342

Or:

Wayne Cheveldayoff,

Corporate Communications

P: 416-710-2410

E: [email protected]

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. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

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COMTEX_450576520/2895/2024-04-09T07:30:42