Cache Exploration Inc Signs Definitive Agreement to Acquire The Marmot Precious Metals Project in Golden Triangle, BC

Cache Exploration Signs Definitive Agreement to Acquire The Marmot Precious Metals Project in Golden Triangle, British Columbia

View this email in your browser Cache Exploration Signs Definitive Agreement to Acquire The Marmot Precious Metals Project in Golden Triangle, British Columbia March 29, 2021 – Vancouver, Canada – Cache Exploration Inc. (the "Company" or "Cache") (TSXV: CAY) is pleased to announce that the Company has completed the definitive agreement to acquire a 100% option on the Marmot Precious Metals Project ("Marmot" the "Property" or the "Project") located in the Golden Triangle British Columbia, Canada and held by Granby Gold Corp ("Granby"), an arms-length private company. CEO of Cache Exploration Inc., Jack Bal states "Minerals explorers are piling up into British Columbia's Golden Trangle, with serveral companies showing massive discovery potential.The Marmot project covers over 4000 hectares and has over 10 minfile references, including the past producer Montana (Ag, Au, Cu, Pb, Zn) mine. The Company will mobilize a work program as soon as the weather allows. We are very excited to be involved in such a promising project" The terms of the agreement with Granby is subject to any required regulatory and third- party approvals. The terms of the agreement are as follows: Granby will retain a 2% royalty with the Company retaining the right to acquire 50% of the Royalty (equal to a 1% net smelter return royalty) for a cash payment of $1,000,000. Marmot Overview The 4049 hectare Project is located roughly six kilometres from the town of Stewart, British Columbia in the southeast part of a mineral-rich belt of Stikine terrane rocks that lies along the eastern flank of the Coast Mountains. The belt lies between the Iskut and Kitsault-Anyox areas and is centred on the town of Stewart, British Columbia. Both the Unuk River and Salmon River Members of the Lower to MiddIe Jurassic Hazelton Group are present on the Property. Voluminous resistant volcanic and associated volcaniclastic strata predominate in the area. The youngest volcanic members are bimodal, consisting mainly of basalt and rhyolite. Middle to Upper Jurassic Bowser Lake Group clastic rocks that conformably overlie the Hazelton Group may also be present. The Eskay Creek mine of Skeena Resources Ltd. (formerly of Barrick Gold Corporation) is an extremely rich and profitable Au-Ag deposit near the northern end of the belt. The Eskay Creek deposit is interpreted to have formed in an environment transitional between subaqueous hot springs and exhalative volcanogenic massive sulfide (VMS), and the geologic setting for the deposits similar to that of the Property. 'Transitional' Eskay Creek-type deposits are models for exploration on the Property. The regional metallogenic picture of the Iskut-Anyox belt suggests that potential also exists on the Property for the occurrence of other mineralization types. These include more typical VMS mineralization, possible 'transitional-type' mineralization variously interpreted as veins or exhalative, both Ag-rich, precious and base metal veins, porphyry-related and shear-hosted mineralization. Four mineral showings, four prospects, and one past-producer are located within the survey area (MinFile records). Known Mineral Occurrences Within the Granby Gold Claims (Minfile, 2019) A helicopter-borne magnetics and radiometrics survey was flown over the mineral tenements during September 2018 by Granby. The objective was the interpretation of the airborne geophysical data to identify targets with response indicative of VMS style mineralization. The geophysical signature of the known occurrences was used as an analogue for identification of new targets. The geophysical survey covered an area of approximately 30.6km2 on flight lines oriented at 040° azimuth at 100m intervals, and orthogonal control lines at 1000m intervals, for a total of 337 line-kilometres. Two magnetic targets are of particular interest, as they are within the prospective Hazelton Group mixed volcanics and sedimentary sequence, and display a strong, isolated magnetic signature. What distinguishes these two targets is the relatively low Koenigsberger ratio indicative of low magnetic remanence, which suggests a different age of emplacement or subsequent alteration. One pair of spatially related potassium and magnetic anomalies fits the classical VMS geophysical exploration model (M-02 and K-05) and is specifically recommended for further work. Other isolated and discordant potassium anomalies are generally recommended for ground truthing. Readers are cautioned that the completion of any transaction is subject to a number of conditions, including, but not limited to, negotiation of a definitive agreement in respect of such a transaction, the availability of financing on terms acceptable to the Company, and the receipt of any required regulatory and shareholder approvals. A transaction cannot be completed until these conditions are satisfied, and there can be no assurance that such a transaction, will be completed at all. Qualified Person Mr. Locke Goldsmith, P. Geo is a Qualified Person in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Goldsmith has reviewed and approved the scientific and technical content of this news release pertaining to the Marmot Project. About Cache Exploration Cache is a gold focused Company that holds and operates the Kiyuk Lake Property which covers 590km2 in SW Nunavut: the project features a number of gold bearing prospects including 2017 identification of 8m of 26.4 g/t gold at the Rusty Zone and extensive mineralization at East Gold Point with 64 m at 1.5 g/t gold and 10 m at 6.5 g/t gold. Extensive surficial float evidence indicates a series of high-interest gold systems (see www.cacheexploration.com/CAY-NR-10-26-17 to view plan maps of Rusty Zone and East Gold Point, section showing select KI17-004 and -005 drill results and Maps of rock and till sampling results. Drilling has discovered multiple gold intercepts over 1 g/t Au in five discrete mineralized zones Rusty, Gold Point, East Gold Point, Cobalt and Amundsen. Significant expansion possible with five new target areas identified and ready for drilling. Exploration at Kiyuk Lake takes place in winter-spring (February – May) and summer-fall (June-October).   On behalf of the Board of Directors of CACHE EXPLORATION INC. Jack Bal President and Chief Executive Officer 604-306-5285 jackbalyvr@gmail.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. This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the status of the Annual Filings and the Interim Filings, the anticipated completion of these filings, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations. Copyright © 2021 Cache Exploration Inc., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Cache Exploration Inc. 213-333 Terminal Avenue Vancouver, BC V6A 4C1 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

African Gold Group Stock Option Grant Clarification

View this email in your browser AFRICAN GOLD GROUP STOCK OPTION GRANT CLARIFICATION  March 31, 2021, Toronto, Ontario – African Gold Group, Inc. (TSX-V: AGG) ("AGG" or the "Company") clarifies that further to a press release issued earlier today that announced a grant of a total of 2,800,000 stock options to certain officers, directors and consultants of the Company pursuant to the Company's stock option plan at an exercise price of $0.115 per option, the exercise price should have read $0.15 per option. All other terms of the options that are in force for a period of five years from the date of grant remain the same. This grant of options is subject to the approval of the TSX Venture Exchange.   About African Gold Group African Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa's next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. AGG's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2020 definitive feasibility study and is targeting gold production of 100,000 oz per annum. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offering potential for an increase in resource. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.   For more information:   Danny Callow President and Chief Executive Officer +(27) 76 411 3803 Danny.Callow@africangoldgroup.com   Scott Eldridge Non-Executive Chairman of the Board (604) 722-5381 Scott.Eldridge@africangoldgroup.com   Daniyal Baizak  VP Corporate Development (647) 835-9617 Daniyal.Baizak@africangoldgroup.com   Camarco (Financial PR) Gordon Poole Nick Hennis +44 (0) 20 3757 4997 AfricanGoldGroup@camarco.co.uk   Cautionary statements   This press release contains "forward‑looking information" within the meaning of applicable Canadian securities legislation. Forward‑looking information includes, but is not limited to, statements regarding, processing of sulphide materials, appointment of officers and the grant of incentive stock options. Generally, forward‑looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".  Forward‑looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forward‑looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although AGG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‑looking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.   NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Follow on Twitter LinkedIn Follow on Instagram Our mailing address is: info@africangoldgroup.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

African Gold Group Reports Continued Positive Metallurgy Recovery Results Demonstrating Sulphides Are Treatable in CIL Oxide Plant

View this email in your browser AFRICAN GOLD GROUP REPORTS CONTINUED POSITIVE METALLURGY RECOVERY RESULTS DEMONSTRATING SULPHIDES ARE TREATABLE IN CIL OXIDE PLANT March 31, 2021, Toronto, Ontario – African Gold Group, Inc. (TSX-V: AGG) ("AGG" or the "Company") is pleased to announce updated test results from metallurgical testing on sulphide material from its flagship Kobada Project, in southern Mali. The results continue to advance the opportunity of increasing reserves without further drilling, by demonstrating sulphides can be processed through the oxide plant as designed in the feasibility study, thus generating a more robust mine plan with larger tonnage and increased gold output. Highlights from the metallurgical testing include: Comminution tests indicate a Bond Work Index (BBWi) of 13,5 Kwh/t with medium hardness sulphide and abrasiveness (Ai) of 0.2487 Cyanide consumption at 0.75 kg/t is a low-medium cyanide consumer and fits into current DFS plant design Lime requirement of 0.38 kg/t indicate a very low lime consumption, meaning that operating costs for treating sulphides are expected to be low Danny Callow, CEO, African Gold Group states: "The ongoing results from a comprehensive sulphide metallurgical testing campaign continue to give us great confidence in the amenability of the Kobada sulphides to be treated easily through our existing Gravity and CIL process with very good recoveries. In addition, there appears to be no requirements for any change to the gravity and CIL process circuit to accommodate the sulphides. Work is underway to optimise the grinding requirement of the sulphides versus oxides, and these results are due out soon. This is the best we could have hoped for in terms of optimising the sulphide testwork, and this means that the process plant design already completed to an advanced detailed engineering level can accommodate the sulphides."   "We are confident that we have a substantial sulphide resource below the oxides, and the results of this testwork will enable us to quickly convert a portion of the existing measured and indicated sulphide resources into reserves. Apart from a huge oxide upside opportunity, the addition of sulphides treatable through our existing plant design adds more value to the size of the Kobada project."   The comprehensive metallurgical testing program was conducted by Maelgwyn South Africa (MSA) on composite samples from all defined mineral zones (north, south, and central domains) of the main shear zone.    The ongoing sulphide ore testwork program involved the following: Optimised cyanidation testwork Additional comminution studies to determine optimal grind size and abrasiveness of the ore Optimised cyanidation testwork   Cyanidation testwork indicates a low to medium cyanide consumption required for high gold dissolution rate. Other projects in the region typically consume between 0.85 – 1.38 kg/t, so this is considered a low cyanide consuming ore. Test No. Cyanide Consumption kg/t Lime Consumption (kg/t) Gold Dissolution (%) 1 0.09 0.40 57.1% 2 0.27 0.40 59.1% 3 0.40 0.39 71.7% 4 0.55 0.39 76.1% 5 0.75 0.38 93.4% 6 1.44 0.36 93.9% Results from comminution testing Bond Ball Work Index ("BBWi") - 13.5 kWh/t Bond Abrasion Index ("Ai") - 0.2847 Property Soft Medium Hard Very Hard BBWi 7-9 9-14 14-20 >20 Ai 0.05 0.30 0.80   Based on these results the sulphide ore at the Kobada Project is classified as medium hardness and medium-soft abrasiveness.   Effect of Grind Gold dissolution tests were conducted on gravity middlings and tails by varying grinds 75 to 212 µm as shown in table below. It can be noted that dissolution of gravity middlings and tails reduced with an increase in grind size - results are in line with expectations.   Grind P80 (µm) Feed Grade (g/t) Gravity Tails Recovery (%) Gravity Conc Dissolution (%) Gravity Tails Dissolution (%) Combined Dissolution (%) Cyanide (kg/t) Lime (kg/t) 212 0.54 41.46% 96.37% 50.65% 70.37% 1.20 0.22 150 0.54 41.46% 96.37% 66.52% 79.90% 1.18 0.21 106 0.54 41.46% 96.37% 89.14% 93.48% 1.44 0.2 75 0.54 41.46% 96.37% 93.55% 96.13% 2.38 0.24 Further optimisation work from OMC will determine any possible changes to mill design to support finer grinding, however the rest of the process plant design can accommodate the sulphides without any further design changes. In addition, additional variability testing will take place over the next few weeks. Corporate Update The company would like to announce some structural corporate changes to its senior management team and office services agreement.   The Company would like to welcome Paul Bozoki to the team as Chief Financial Officer. Mr. Bozoki is a seasoned dual Canadian and U.S. CPA with over 25 years of accounting, tax and corporate finance experience, mainly in the mining industry. Mr. Bozoki replaces Ryan Ptolemy, the former Chief Financial Officer of the Company.   Additionally, the Company would like to announce that it has agreed to part ways with Kenny Choi, the former Corporate Secretary of the Company and Dr. Andreas Rompel, the former Vice President Exploration. Mr. Ptolemy, Dr. Rompel and Mr. Choi will remain available to ensure a smooth transition. The Company's Board of Directors and management would like to express their gratitude to Mr. Ptolemy, Dr. Rompel and Mr. Choi for their invaluable contributions since joining AGG in 2018 and wishes each of them all the best in their future endeavours.   The Company also announces that it has terminated its services agreement at 65 Queen Street West and relocated its registered head office to 100 King St W #1600, Toronto, ON M5X 1G5.   Option Grant   The Company has granted a total of 2,800,000 stock options to certain officers, directors and consultants of the Company pursuant to the Company's stock option plan. The stock options vest immediately and may be exercised at a price of $0.115 per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange.   About African Gold Group African Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa's next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. AGG's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2020 definitive feasibility study and is targeting gold production of 100,000 oz per annum. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offering potential for an increase in resource. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.   For more information:   Danny Callow President and Chief Executive Officer +(27) 76 411 3803 Danny.Callow@africangoldgroup.com   Scott Eldridge Non-Executive Chairman of the Board (604) 722-5381 Scott.Eldridge@africangoldgroup.com   Daniyal Baizak  VP Corporate Development (647) 835-9617 Daniyal.Baizak@africangoldgroup.com   Camarco (Financial PR) Gordon Poole Nick Hennis +44 (0) 20 3757 4997 AfricanGoldGroup@camarco.co.uk   Cautionary statements   This press release contains "forward‑looking information" within the meaning of applicable Canadian securities legislation. Forward‑looking information includes, but is not limited to, statements regarding, processing of sulphide materials, appointment of officers and the grant of incentive stock options. Generally, forward‑looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".  Forward‑looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forward‑looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although AGG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‑looking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.   NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Follow on Twitter LinkedIn Follow on Instagram Our mailing address is: info@africangoldgroup.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.