White Gold Corp. Closes C$4.1 Million Private Placement

TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W

White Gold Corp. Closes C$4.1 Million Private Placement  Share this story... ‌ ‌ ‌ Toronto, ON – July 29, 2021 – White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company” or “White Gold”) is pleased to announce it has closed its previously announced brokered private placement consisting of the sale of units (the “Units”), premium flow-through units (the “FT Units”) and common shares issued as “flow-through shares” (the “FT Shares”, and together with the Units and FT Units, the “Offered Securities”), for aggregate gross proceeds of approximately $4.18 million (the “Offering”).  “We are very grateful for the continued support of our major shareholders and the other participants in this financing. Our 2021 field season is now well underway, focused on highly anticipated new targets, recent discoveries, and our existing mineral resources as we seek to further demonstrate the expansiveness of gold mineralization in the White Gold District, and the effectiveness of our exploration methodologies. Further details to be provided in due course,” stated David D’Onofrio, Chief Executive Officer. The Offering was conducted by Clarus Securities Inc. (“Clarus” or the “Lead Agent”) and a syndicate of agents including Eight Capital and Stifel GMP (together with the Lead Agent the “Agents”), which consisted of the sale of: 1,302,000 Units (including the partial exercise of the Agents’ over-allotment option) at a price of $0.65 per Unit, 2,538,462 FT Units at a price of $0.87 per FT Unit, and 1,507,400 FT Shares at a price of $0.75 per FT Share. Each Unit was comprised of one common share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Common Share at a price of $0.80 for a period of 24 months following the closing date of the Offering. Each FT Unit was comprised of one FT Share and one-half of one Warrant. The Warrants were issued pursuant to a warrant indenture dated July 29, 2021 between the Company and Computershare Trust Company of Canada, as warrant agent. The FT Shares and the FT Shares underlying the FT Units were issued as “flow-through shares” as defined in the subsection 66(15) of the Income Tax Act (Canada). The gross proceeds from the sale of the FT Units and the FT Shares will be used by the Company to incur exploration expenditures on its properties in the White Gold District of the Yukon Territory (the “Qualifying Expenditures”) prior to December 31, 2022. The Qualifying Expenditures will be renounced to subscribers of FT Units and FT Shares for the fiscal year ended December 31, 2021. The gross proceeds from the sale of the Units will be used for general corporate expenses. As consideration for the Agents’ services in connection with the Offering, the Agents received a cash commission equal to 6.0% of the gross proceeds from the Offering, excluding gross proceeds from the issuance of Offered Securities on a president’s list (the “President’s List”) for which a commission of 2.0% of such gross proceeds were paid by the Company to Agents. The Company also issued to the Agents non-transferable compensation options (the “Compensation Options”) equal to 6.0% of the number of Offered Securities sold under the Offering excluding the President's List and 2.0% of the number of Offered Securities sold under the Offering to subscribers on the President's List. Each Compensation Option entitles the holder to acquire one Common Share at a price equal to the following: (i) if the security sold is a Unit, $0.65 per Compensation Share; (ii) if the security sold is an FT Unit, $0.87 per Compensation Share; and (iii) if the security sold is an FT Share, $0.75 per Compensation Share, in each case, until the date that is 24 months following the Closing Date. All securities issued pursuant to the Offering, including any underlying securities, are subject to a four-month and one day hold period in accordance with applicable Canadian securities laws.  Pursuant to existing investor rights agreements between the Company and each of Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) (“Agnico”) and Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross”), both Agnico and Kinross exercised the right to participate in the Offering in order to maintain their respective interests in the Company.   Participation by Agnico and Kinross, and any other insiders of the Company (collectively, the “Insiders”), in the Offering was considered a “related party transaction” pursuant to Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Insiders’ participation in the Offering in reliance of sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report will be filed in connection with the participation of Insiders in the Offering less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner. PRESENTATION OVERVIEW FACT SHEET FOLLOW US ‌ ‌ ‌ ‌ ‌ About White Gold Corp. The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares representing over 40% of the Yukon’s prolific White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s recently acquired VG Deposit also hosts a historic Inferred gold resource of 230,000 ounces at 1.65 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t Au(3), and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu(4). For more information visit www.whitegoldcorp.ca. (1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR. (2) See Comstock Metals Ltd. technical report titled “NI 43-101 TECHNICAL REPORT on the QV PROJECT”, dated August 19, 2014, prepared by Jean Pautler, P.Geo., and Ali Shahkar, P.Eng., available on SEDAR. (3) See Newmont Corporation press release titled “Newmont Reports 2019 Gold Mineral Reserves of 100 Million Ounces, Largest in Company History”, dated February 13, 2020, available on SEDAR. (4) See Western Copper and Gold Corporation press release titled “Western Copper and Gold Announces Significant Resource Increase at Casino”, dated July 14, 2020, available on SEDAR. Qualified Person Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release. Cautionary Note Regarding Forward Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Offering, the use of proceeds from the Offering, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as 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 materially differ from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. For Further Information, Please Contact: Contact Information: David D’Onofrio Chief Executive Officer White Gold Corp. (647) 930-1880 ir@whitegoldcorp.ca To Book a Meeting with Management: https://whitegoldcorp.ca/contact/request-information/

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Guanajuato Silver Draws US$7.5m from OCIM

Guanajuato Silver Draws US$7.5m from OCIM Funds to be Used for Planned El Cubo Restart VANCOUVER, BC / ACCESSWIRE / July 28, 2021 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) announces it has drawn down US$7,500,000 from its loan facility with European based metals trading firm OCIM Group. This non-dilutive financing is designed to strengthen the Company's balance sheet during the refurbishment of the Company's El Cubo mine and mill complex located approximately 11 kilometers east of the city of Guanajuato, in central Mexico. OCIM Loan Details: On July 26, 2021the Company issued notice to OCIM to draw down funds from the US$7,500,000 silver and gold loan facility discussed and detailed in GSilver's news releases of Dec. 18, 2020 and June 1, 2021, with funds delivered to the Company on July 27, 2021. GSilver Chairman and CEO James Anderson stated: "We would like to thank everyone at OCIM for their constant support and consistent flexibility. This funding arrangement has allowed us to access their funds at precisely the time we need them to complete our work on the El Cubo mill and continue necessary mine development in preparation for the commencement of commercial production in Q4 2021." The OCIM loan facility has an 18-month term, including an initial six-month payment-free grace period, and is then repayable over the following 12 months by the Company delivering a set number of silver and gold ounces based on a discount to the LBMA fix price for silver and gold on July 26, 2021. GSilver estimates that the amount of silver and gold required to repay this loan facility will represent approximately 25% of the projected silver and gold to be produced by GSilver from its operations at the El Cubo mill during the 12-month repayment period of the loan. The loan is secured by, among other things, a general security agreement and pledge over the El Cubo complex in favour of OCIM. Combined with cash on hand of approximately C$4.1m, these additional funds will give the Company a total of approximately C$13.3m to complete mine and mill development prior to initial cash flow from operations. The Company will use the proceeds from this facility to finance the continued refurbishment of the El Cubo mine and mill complex and for general corporate and working capital purposes. GSilver CFO Lisa Dea said: "Our financial model anticipates initial concentrate sales in November of this year, as we position the Company to be Mexico's next silver and gold producer. We look forward to ramping up to planned production of 29,000 tonnes per month by mid 2022." Additional news regarding the Company's progress towards commencement of mining activities is anticipated shortly. Market Maker: GSilver announces that it has, subject to acceptance of the TSX Venture Exchange ("TSXV"), retained Red Cloud Securities Inc. ("Red Cloud") to act as trading adviser and provide market-making services to the Company in compliance with TSXV policies and applicable securities legislation. Red Cloud will trade shares of GSilver on the TSXV for the purposes of maintaining an orderly market and improving the liquidity of the Company's common shares. Red Cloud acts on an arm's length basis and will be paid a fee of $5,000 per month on a month-to month basis, subject to termination by either party with written notice of 30 days. There are no performance factors contained in the agreement between Red Cloud and the Company, and Red Cloud will not receive any shares or options from the Company as compensation for its services. A similar arrangement with Mackie Research Capital Corp., announced on Dec. 1, 2020 is no longer in effect. Hernan Dorado Smith, a director of GSilver and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release. About Guanajuato Silver Co. Ltd.: GSilver is a mining development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is focused on the refurbishment and swift re-commencement of production from its El Cubo mine and mill and its nearby El Pinguico project, as well as the delineation of additional silver and gold resources through underground and surface drilling. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Co. Ltd, please contact: James Anderson, Director, +1 (778) 989-5346 Email: james.anderson@GSilver.com Continue to watch our progress at: www.GSilver.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 Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the ability of the Company to successfully refurbish the El Cubo mine and mill complex, procure equipment, hire personnel and supply and process sufficient mineralized material and resources from El Cubo and El Pinguico through the mill to successfully begin commercial production of silver and gold in Q4 2021, the estimated date for initial sale of concentrate, the estimated percentage of projected production of silver and gold from El Cubo to repay the OCIM loan and the planned tonnage to be processed at El Cubo by mid 2022; the opportunities for further exploration and development at El Cubo and El Pinguico, the proposed exploration and development programs therefor, the timing and costs thereof and the success related thereto. Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral resource estimates at El Cubo and El Pinguico and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; success of the Company's combined El Cubo / El Pinguico operation; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, actual resource grades and recoveries of silver and gold, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to successfully re-start the El Cubo mill to process mineralized materials to produce silver and gold in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to begin processing mineralized material from its above and underground stockpiles at El Pinguico and estimated resources at El Cubo through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's recently announced preliminary economic assessment and projected production of silver and gold will be realized. There is also uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico and/or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. Guanajuato Silver Company Ltd. PH: +1(778) 989-5346 E: info@GSilver.com W: GSilver.com  CA: Suite 578 - 999 Canada Place, Vancouver B.C. V6C 3E1 MX: Carretera - Guanajuato - Silao km 5.5, Int 4, Col. Marfil CP36250, Guanajuato, Gto., Mexico SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/657377/Guanajuato-Silver-Draws-US75m-from-OCIM Copyright © 2021 Guanajuato Silver Company Ltd., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Guanajuato Silver Company Ltd. 578 – 999 Canada Place Vancouver, BC V6C 3E1 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 Confirms Both Oxides and Sulphides To Be Incorporated Into Updated Feasibility Study

View this email in your browser AFRICAN GOLD GROUP CONFIRMS BOTH OXIDES AND SULPHIDES TO BE INCORPORATED INTO UPDATED FEASIBILITY STUDY  Toronto, Canada - July 15, 2021 – African Gold Group, Inc. (TSX-V: AGG) ("AGG" or the "Company") is pleased to announce final metallurgical test results from its comprehensive sulphide testwork programme. Results of the testwork programme will be incorporated into an updated definitive feasibility study (DFS). The final phase of the testwork programme was to undertake variability testing to determine the optimal process route of the ore across the extent of the ore body. The Company is continuing its work on updating mineral resource estimates (MRE) and an updated definitive feasibility study to incorporate additional drilling and the sulphide testwork results. Highlights from the metallurgical testing include: Gravity gold recovery values vary from 40.40% to 73.18% with an 85th percentile of 61.52%. These results indicate that the sulphide ore at Kobada is amenable to gravity recovery. Overall gold dissolution at 93.87% (85th percentile) confirms initial findings that consistent overall gold dissolution of above 90% can be achieved on the sulphide ore.    Cyanide consumption values vary from 0.14 kg/t to 0.46 kg/t with an 85th percentile of 0.34 kg/t, indicating low cyanide consumption of the sulphide ore. Lime consumption values vary from 0.23 kg/t to 0.31 kg/t with an 85th percentile of 0.30 kg/t, confirming low lime consumption of the sulphide ore. Danny Callow, CEO, African Gold Group states : "The finalisation of our comprehensive sulphide metallurgical testwork programme, culminating in the variability testwork, shows us that sulphides at the Kobada gold project can be treated through a gravity and CIL process. The process design on gravity and CIL for the oxides as presented in our July 2020 Definitive Feasibility Study is suitable for treating the sulphides as well, and this will allow us to add substantial resources to our overall resource base. The sulphides are free-milling, show excellent recoveries and consume low amounts of lime and cyanide, making this a very efficient operating cost process."   "These results will feed into our updated DFS, allowing us to incorporate sulphides into the life of mine plan and we believe will add additional reserve ounces to our economic models. The wider testwork programme has been highly successful and confirms Kobada's excellent potential as a future new mine in Mali. We are looking forward to delivering an updated study in Q3-2021."   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 final stage of this process, the variability testing has proven the consistency of being able to treat the sulphides across the extent of the ore body. Kobada Sulphides Variability Recovery Testwork Results Upon completion of recovery optimization testwork on a composite sample, the optimum conditions selected were tested on variability samples to determine if the selected process route and optimum conditions selected are applicable across the entire ore body. Six variability samples were selected from the North, South and Central zones. Table 1-1 below shows samples used to make up the variability samples. Table 1-1: Variability Sample Selection   The selected process route on the oxide ore was gravity followed by cyanidation. Initial scouting testwork on the sulphide ore using the same process route as for the oxides showed gold recovery above 90% with low cyanide and lime consumptions. Therefore, the selected recovery process for the sulphides was gravity followed by intensive cyanidation on the gravity concentrate and cyanidation on the gravity middlings and tails. The following optimum leach conditions were selected for the sulphide ore: Grind: 80%-75µm. Leach process: Carbon in leach (CIL). Cyanide addition – 1kg/t. Lab residence time – 12 to 24 hours. pH – 10.5. Percent solids – 50% w/w. Table 2-1 shows a summary of the variability recovery results. Table 2-1: Variability Recovery Summary Results   The results indicate the following: Gravity gold recovery vary from 40.40% to 73.18% with an 85th percentile of 61.52%. These results indicate that the Kobada sulphide ore is amenable to gravity recovery. The 85th percentile overall gold dissolution is 93.87% which confirms initial findings that overall gold dissolution above 90% can be achieved on the sulphide ore. The ore leaches well to give tails of 0.03 g/t for low and high grades tested with the exception of North and South 4 samples. Low overall recoveries shown are consistent with low grades tested but tail grades are generally less than 0.03 g/t Au. This ties in with findings from the diagnostic leach test which indicated that 0.02 g/t of the gold is locked in quartz or gangue. Cyanide consumption values vary from 0.14 kg/t to 0.46 kg/t with an 85th percentile of 0.34 kg/t. These results confirm initial findings that the sulphide ore is a low cyanide consumer. Lime consumption values vary from 0.23 kg/t to 0.31 kg/t with an 85th percentile of 0.30 kg/t. These results indicate that the sulphide ore is a low lime consumer. Definitive Feasibility Update The Company is well underway to deliver an updated Definitive Feasibility Study in Q3-2021. The comprehensive update will target two key areas, namely inclusion of more than 7,000 m from the most recent drilling programme (see press release as of February 2, 2021) and inclusion of additional sulphides from the most recent metallurgical testwork into the resource and reserves.   Progress to date includes the following: Completion of a full suite metallurgical testwork on sulphide ore based upon multiple samples shipped from the site. Preparation and assay of more than 7,000 m of exploration drilling, predominantly focusing on Phase 4 infill drilling results (conversion of high grade inferred resources into measured and indicated category). Update of mineral resource and reserve estimates (in progress). Update of mine optimization, economic indicators, mine scheduling and waste dump designs based on revised life of mine plan. Comminution modelling based upon sulphide testwork. Process plant review and design update to treat oxides and sulphides, including but not limited to: Update of layouts, PFD's and P&ID's Update of Mechanical Equipment List (MEL) Update of single line diagrams and electrical loads Preparation of RFQ's for additional equipment packages Update of SMPP designs and RFQs Full peer review and update on earthworks and civil engineering designs Tailings Storage Facility design update to incorporate additional volume based on envisaged higher tonnages, addition of sulphides and potential for higher throughput. Testwork on samples for TSF (testwork underway). Full CAPEX and OPEX update based upon updated SMPP and MEL and future timing of sulphide circuit as well as latest 2021 pricing. Updated economic model based upon updated economic indicators, consensus and latest production information. Receipt of multiple samples required for ESIA update, which includes but is not limited to: Decommissioning and closure plan Groundwater review Geotechnical testwork Air Quality and Noise Impact Assessment Blasting and Vibration assessment Biodiversity assessment Emergency Preparedness and Response plan 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? 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