GSilver Closes Acquisition of Great Panther’s Mexican Mining Assets

GSilver Closes Acquisition of Great Panther's Mexican Mining Assets GSilver Furthers Consolidation of the Guanajuato Mining District VANCOUVER, BC / ACCESSWIRE / August 4, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce that it has closed the purchase of Great Panther Mining Ltd.'s ("Great Panther") (TSX:GPR) Mexican subsidiary Minera Mexicana Rosario S.A. de C.V. ("MMR"), which owns the currently operating Topia mine and production facility in the state of Durango, Mexico ("Topia"), and the San Ignacio mine, the Valenciana Mine Complex ("VMC"), and the Cata processing plant in Guanajuato, Mexico (the "MMR Acquisition"), first announced in the Company's news release of June 29, 2022. Highlights: GSilver expands to five mines and three production facilities. Production from San Ignacio expected to restart within 90 days Continued production from the Topia Mine anticipated to exceed 1.1 million AgEq ounces this year. Closing the MMR Acquisition GSilver and Great Panther closed the MMR Acquisition on August 4, 2022 with the execution of customary closing documents in Mexico and Canada and with the payment to Great Panther of US$14,700,000, subject to certain closing adjustments, satisfied with US$8,000,000 in cash and the delivery to Great Panther of 25,787,200 common shares of the Company. Chairman and CEO James Anderson commented, "We look forward to integrating our new assets with current operations expeditiously. GSilver plans to restart the San Ignacio mine as soon as practicable, and deliver its silver and gold mineralized material to our El Cubo plant for processing. In the months ahead, we plan to do the same at the Valenciana Mine Complex - shipping mineralized material to El Cubo for processing - prior to re-starting the Cata mill in 2023. Meanwhile, at Topia, our other new asset, work will begin immediately to assess optimization opportunities to existing operations in both the mine and the plant." MMR Assets Purchased: Valenciana-Cata: Great Panther referred to its five mines near the centre of Guanajuato as the "Guanajuato Mine Complex" or "GMC". From north to south, these mines are called Guanajuatito, Valenciana, Cata, Los Pozos, and Promontorio. Henceforth, GSilver will refer to these mines collectively as the "Valenciana Mine Complex" and to the accompanying processing plant, which has a nameplate capacity of 1,200 tonnes per day, as "Cata". VMC has been in near continuous operation since the 1500s and is situated along the highly productive Veta Madre (‘Mother Vein'), encompassing a strike length of 4.2km. Valenciana became one of the premier silver mines in the world and, for a time, accounted for up to one-third of global annual silver production. Historical in-situ measured and indicated resources at the Valenciana Mine Complex, as reported by Great Panther (effective date: July 31, 2021), totalled 251,666 tonnes grading 250 gpt Ag and 1.76 gpt Au (400 gpt AgEq) for 3.23M AgEq ounces, with additional inferred resources of 220,760 tonnes grading 225 gpt Ag and 1.95 gpt Au (391 gpt AgEq) for 2.77M AgEq ounces. See the mineral resources table for Valenciana below. (1) The Cata processing plant, which forms part of the Valenciana Mine Complex, has a nameplate capacity of 1,200 tonnes per day (36,000 tonnes/month) and remains in good working condition. The plant is a traditional crushing, grinding and floatation system that produces a high-grade silver-gold concentrate. Valenciana was put on care and maintenance by Great Panther in November 2021 because of a lack of tailings capacity. San Ignacio: The San Ignacio Mine is located approximately 20km by road west of the city of Guanajuato and 38km from GSilver's El Cubo mill. Mineralization exists within an epithermal quartz vein system called ‘La Luz', which is a large regional tectonic structure that also hosts Endeavour Silver's Bolanitos Mine. San Ignacio has operated for 10 years, with high grade silver and gold material continually trucked to Great Panther's Cata mill for processing. GSilver intends to transport material from San Ignacio to El Cubo for processing. Historical in-situ measured and indicated resources at San Ignacio as reported by Great Panther (effective date: July 31, 2021) totalled 267,828 tonnes grading 145 gpt Ag and 2.80 gpt Au (384 gpt AgEq) for 3.30M AgEq ounces, with inferred resources of 445,217 tonnes grading 178 gpt Ag and 2.65 gpt Au (404 gpt AgEq) for 5.78M AgEq ounces. See the mineral resources table for San Ignacio below. (1) San Ignacio was put on care and maintenance by Great Panther in January 2022 due to a lack of tailings capacity. Topia Mine and Mill, Durango, Mexico: Great Panther has operated the Topia Mine in north-eastern Durango since 2004; the mine includes a 260 tonnes per day flotation processing plant that is currently operating at close to full capacity. The mineral deposits at Topia are different than those seen at Valenciana and San Ignacio, which exclusively produce precious metals. Mineralization at Topia exists as polymetallic epithermal veins that contain high-grade concentrations of silver, zinc, lead and gold. The Topia veins consist mainly of massive galena, sphalerite, and tetrahedrite in a gangue of quartz, barite, and calcite. Historical in-situ measured and indicated resources at Topia as reported by Great Panther (effective date: March 31, 2021) totalled 331,800 tonnes grading 609 gpt Ag, 1.84 gpt Au, 4.4% Pb and 4.5% Zn (1,041 gpt AgEq) for 11.10M AgEq ounces, with inferred resources of 274,600 tonnes grading 592 gpt Ag, 1.44 gpt Au, 3.35% Pb and 3.63%Zn (932 gpt AgEq) for 8.22M AgEq ounces. See the mineral resources table for Topia below. (1) Topia is currently in operation; the mine produces a lead-silver-gold concentrate and a separate zinc concentrate. Valenciana and San Ignacio - Effective Date: July 31, 2021 Class Tonnes Ag (gpt) Ag (oz) Au (gpt) Au (oz) AgEq (gpt) AgEq (oz) Valenciana Measured and Indicated 251,666 250 2,021,193 1.76 14,280 400 3,235,029 Inferred 220,760 225 1,597,357 1.95 13,873 391 2,776,595 San Ignacio Measured and Indicated 267,828 145 1,248,734 2.80 24,106 384 3,302,726 Inferred 445,217 178 2,551,719 2.65 38,002 404 5,781,944 Combined Measured and Indicated 519,493 196 3,269,927 2.30 38,386 391 6,537,755 Inferred 665,977 194 4,149,076 2.42 51,876 400 8,558,540 Topia mine - Effective Date: March 31, 2021 Class Tonnes Ag (gpt) Ag (oz) Pb (%) Zn (%) AgEq (gpt) AgEq (oz) Measured and Indicated 331,800 609 1.84 4.40 4.50 1,041 11,107,000 Inferred 274,600 592 1.44 3.35 3.63 932 8,221,000 GSilver is not treating these estimates as current mineral resources as a qualified person on behalf of GSilver has not done sufficient work to classify these estimates as current mineral resources. (1) Closing the MMR Acquisition - Details: On closing of the MMR Acquisition today, GSilver paid US$14.7M to Great Panther as follows: US$8.0M in cash. US$6.7M in GSilver common shares at a deemed price of C$0.335 per share, for a total of 25,787,200 GSilver shares (the "Consideration Shares"). The Consideration Shares are subject to a statutory hold period of four months and one day expiring December 5, 2022. In addition, 6,446,800 or 25% of the Consideration Shares are subject to an 8-month voluntary hold period expiring April 4, 2023 and a further 6,446,800 or 25% of the Consideration Shares are subject to 12 month voluntary hold period expiring August 4, 2023. GSilver also paid US$1.35M in working capital adjustments (subject to post-closing reconciliations) to Great Panther for excess working capital left in MMR over and above the agreed upon target working capital. Total acquired working capital includes US$500K in cash. GSilver has also agreed to pay Great Panther up to an additional US$2.0M in contingent payments based on the following: US$500,000 upon GSilver producing 2,500,000 ounces of silver from the purchased MMR assets. US$750,000 if the price of silver closes at or above US$27.50 per ounce for 30 consecutive days within two years after closing. US$750,000 if the price of silver closes at or above US$30.00 per ounce for 30 consecutive days within three years after closing. 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 Company Ltd.: GSilver mines and processes silver and gold concentrate from its El Cubo, Valenciana, San Ignacio and Pinguico mines in Guanajuato, Mexico and from its Topia mine in Durango, Mexico. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Company Ltd., please contact: JJ Jennex, Communications Manager, +1 (604) 723-1433 Email: jjj@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 Information and 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 GSilver to re-start mining operations at San Ignacio and Valenciana and truck mineralized material to El Cubo for processing in the capacity and on the timetable presently contemplated, the estimated production at Topia for 2022 and the ability of GSilver to improve the efficiency of mining operations thereat, the ability and timetable for GSilver to re-start processing of mineralized material at the Cata processing plant, the potential mineral resources at San Ignacio, Valenciana and Topia, and the ability of GSilver to successfully integrate San Ignacio, Valenciana and Topia into its current mining operations as planned and in accordance with its proposed timeline. Such forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. 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, metals prices, currency rate fluctuations, actual results of exploration, development and production activities including processing capacity, production rates and metal grades, unanticipated geological formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other risks in the mining industry. There are no assurances that GSilver will successfully integrate MMR's mining properties into its current operations as presently contemplated or at all. In addition, there is continued uncertainty surrounding the spread and severity of COVID-19, the ongoing war in Ukraine, rising inflation and interest rates (domestically and abroad) and the impact they will have on the Company's operations, supply chains, ability to access the MMR properties, El Cubo and/or El Pinguico or procure equipment, contractors and other personnel or raise capital on a timely basis or at all and economic activity in general. All the forward-looking statements and information 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 and readers should not place undue reliance thereon. The forward-looking statements and information 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. These estimates have been extracted from the following National Instrument 43-101 technical reports filed by Great Panther under its profile on SEDAR at www.sedar.com and use the definitions of "Mineral Resource" set forth in the CIM Definition Standards, adopted May 10, 2014, by the Canadian Institute of Mining, Metallurgy and Petroleum: NI 43-101 report on the Guanajuato Mine Complex dated February 28, 2022 (effective date July 31, 2021) prepared on behalf of Great Panther by Robert F. Brown, P. Eng, and Mohammad Nourpour, P. Geo., (together the "GP Qualified Persons") and titled "NI 43-101 Mineral Resource Update Technical Report on the Guanajuato Mine Complex, Guanajuato and San Ignacio Operations, Guanajuato State, Mexico" (the "Guanajuato Report"); and NI 43-101 report on the Topia Mine dated February 11, 2022 (effective date March 31, 2021) prepared on behalf of Great Panther by the GP Qualified Persons and titled "NI 43-101 Report on the Topia Mine Mineral Resource Estimates as of March 31, 2021" (the "Topia Report"), Such estimates are subject to certain assumptions regarding grade, metal prices, currency exchange rates, costs, metals production rates, schedule of development, labour, consumables and other material costs, markets and market prices as more particularly set out in the reports. AgEq oz were calculated using 85:1 Ag:Au ratio. AgEq gpt and AgEq oz figures reported for Topia have been extracted from Great Panther's news release dated February 11, 2022. The Guanajuato resources were estimated from six area-specific block models at Guanajuato, and eighteen block models at San Ignacio. A set of 44 wireframes representing the mineralized zones served to constrain the block models and data subsequently used in Inverse Distance Cubed (ID3) Au and Ag grade interpolation. The geological interpretation was provided by Great Panther. Wireframe modelling was completed using MICROMINE and Leapfrog 3D geological modelling software and grade estimation and geological modelling completed using by MICROMINE software. See the Guanajuato Report for further details of the key assumptions, parameters, and methods used to prepare the resource estimate. The Topia resources were estimated from 10 mine area-specific block models. A set of 60 wireframes representing the mineralized zones (veins) served to constrain both the block models and data subsequently used in Inverse Distance Cubed (ID3) gold, silver, lead, and zinc grade interpolations. Each block residing at least partly within one of 60 wireframes received a grade estimate. The full operational cost cut-off value as calculated by Great Panther's mine operating staff ranges from US$202 to US$345/tonne for different areas based on full mine operating costs (mining, milling, administration). Block model silver, gold, lead, and zinc grades have been converted to an US$ NSR value using an NSR "calculator" which takes into effect metal prices (long term projected to be US$20.00/oz silver, US$1,650/oz gold, US$0.85/lb lead, and US$1.20/lb zinc), plant metallurgical recoveries of 92.4% for Ag, 55.4% for Au, 94.3% for Pb, and 90.5% for Zn, concentrate shipping charges, and proprietary smelter terms. Blocks with an NSR value equal to or greater than the operations full cut-off costs were tabulated into the mineral resource estimate for each zone. The cut-off value was applied to each block estimated in the resource block model. Mineral Resource blocks are only considered Measured or Indicated if they are within 10m or 20m of underground channel sampling associated with mine development. See the Topia Report for further details of the key assumptions, parameters, and methods use to prepare the resource estimate. GSilver is not treating these estimates as current mineral resources as a "qualified person" on behalf of GSilver has not done sufficient work to classify the estimates as current mineral resources and therefore such estimates should not be relied upon. A thorough review by GSilver's "qualified person" of all historic data, along with additional exploration and validation work to confirm results and estimation parameters, would be required in order to produce a current mineral resource estimate for the Valenciana and San Ignacio mines and Topia. SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/710928/GSilver-Closes-Acquisition-of-Great-Panthers-Mexican-Mining-Assets Copyright © 2022 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.

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Toubani Resources Auger Drilling Confirms Further Gold Mineralization on the Kobada Est Permit of the Kobada Gold Project in Mali

View this email in your browser TOUBANI RESOURCES AUGER DRILLING CONFIRMS FURTHER GOLD MINERALIZATION ON THE KOBADA EST PERMIT OF THE KOBADA GOLD PROJECT IN MALI August 2, 2022, Toronto, Ontario – Toubani Resources, Inc. (formerly African Gold Group, Inc.) (TSX-V: TRE, FRA: 3A61) ("Toubani Resources" or the "Company") is pleased to provide an update on the auger drilling campaign on the Kobada Est permit area of its Kobada Gold Project located in southwestern Mali, Africa. The update is based on the auger drilling completed to date, which commenced on April 7, 2022 and is still ongoing. Additional exploration activities are also planned for the Faraba permit area once this initial auger drilling at Kobada Est has been completed.   Highlights: Significant gold intersections above 0.3 g/t in Target E 20.69 g/t Au over 8.0 m from 2.0 m to 10.0 m (Drill hole E-423) Including 78.9 g/t Au over 2.0 m Including 3.14 g/t Au over 2.0 m 1.81 g/t Au over 8.0 m from 10.0 m to 18.0 m (Drill hole E-412) Including 3.94 g/t Au over 2.0 m 2.42 g/t Au over 2.0 m from 0.0 m to 2.0 m (Drill hole E-417) 720 m by 150 m, 0.5 g/t gold anomaly on Target E Target E potential for extension and widening to the north Toubani Resource's President and CEO, Mr. Danny Callow, stated: "Our auger drilling campaign is the next step of regional exploration to meet conditions on our two exploration permits (Kobada Est and Faraba). The wide spaced drilling programme was designed to identify trends above the background gold grade which then warrants further follow up with targeted drilling. We are very pleased with the results from the initial drilling, particularly in Target E where substantial high-grade intersections occurred. We have targeted additional drilling along strike in this area. These results are extremely encouraging and show the future upside exploration potential of our sizeable land package. It should be noted that this drilling is in an area previously untested, and therefore identifies further upside from what has been reported before. Our success with the drill bit, that has seen a 40% increase in overall resource, and а 140% increase in reserves shows that the Kobada and adjacent concessions are highly prospective and require further exploration to further increase resources and ultimately reserves."   2022 Kobada Est Auger Drilling Campaign   The 2022 Kobada Est auger drilling campaign commenced on April 7, 2022 with a local Malian drilling company (Kounfaga Mining Services SARL) and has completed 6,878 m of drilling to date. The auger holes were laid out on fences either 200 m apart or 400 m apart with the holes being spaced 50 m along the fence lines. All 345 holes were drilled vertically to a depth of 20 m. The auger drillholes, with a 4.4-inch spiral, were sampled in 2 m increments resulting in 3,439 samples being sent to the Bamako SGS Laboratory. Drilling is continuing to test areas of interest.   The focus of the auger drilling campaign was on previously identified target areas, based on the termite soil geochemical sampling and geophysical interpretations, in the larger Kobada Est permit. The aim was to delineate shallow anomalous geochemical areas (testing the top 20 m) and potentially identify mineralised areas and evidence of structures. This would assist in determining the potential of mineralisation on the Kobada Est permit along the Kobada Shear and assist in the sighting of the follow-on AC or RC drilling campaigns.   Figure 1 shows the auger drilling programme, testing ten target areas, along the Kobada Est Shear (Targets A, B, C, D, E and F) and additional areas of interest (Targets L, Q, H, and M) with the geophysical interpretation as background.   Figure 1: 2022 Auger Drilling Programme and Targets over the Kobada Est Permit.   Auger Drillhole Results   Targets A to F were testing the Kobada Est Shear for mineralisation while targets M, H, Q and L were testing soil geochemical anomalies and possible side shears. The strongest results are associated with the central portion of the shear with the southern and northern extents indicating auger geochemical anomalies above 40 ppb (green shaded polygons) with evidence of vein quartz (orange shaded polygons) being identified in the samples. This can be seen in Figures 2 and 3 which have the TMI aeromagnetics as background. The 40 ppb background grade is based on the histogram of 2,722 samples which indicates that the lower background grade is at 40 ppb.   Figure 2: Auger Drilling Results over the Southern Portion of the Kobada Est Shear (Target A to D)   Figure 3: Auger Drilling Results over the Northern Portion of the Kobada Est Shear (Target F). Target E, the central portion of the Kobada Est Shear, is showing the best potential for elevated mineralisation with Target Q also returning some promising results. Figure 4 shows the auger drilling collars for Target E with the 40 ppb geochemical anomalies, vein quartz presence, and gold intersections. The 40 ppb anomaly is approximately 1,200 m by 500 m as a surface expression with a higher grade 0.5 g/t anomaly with an approximate strike of 720 m. Target E could still extend further north and also seems to widen based on the 40 ppb anomaly and the presence of vein quartz. This is evident in Figure 5.  Figure 4: Auger Drilling Results over the Central Portion of the Kobada Est Shear (Target E).   Figure 5: Target E Potential Northern Extension and Widening to the North.   Figure 6 is an oblique view of the strip logs in Leapfrog software for Target E auger holes showing the elevated mineralisation above 40 ppb as disks. There is a possibility that the mineralisation is dipping to the west, but this still needs to be confirmed as the geology is still not understood. TRE geologists will be doing follow up surface geology work to assist in the geological interpretations.   Figure 6: Oblique View of the Elevated Mineralisation in the Auger Drillholes in Target E   The significant gold intersections above 0.3 g/t are shown in Table 1. These intersections occur in four of the Target areas (Target B, E, M and L). Target E has three auger drillholes that have elevated gold grades over 8 m in two of the holes.   The 0.3 g/t grade is based on the mineralisation halos that are used to constrain the main Kobada estimation and used to delineate the geological model.   TARGET BHID FROM (m) TO (m)  GRADE (g/t) COMBINED MINERALISED LENGTH (m)  WEIGHTED AVERAGE GRADE (g/t) B B-313 16 18                0.44 2 0.44 E E-423 2 4                0.32 8 20.69 E E-423 4 6              78.90 E E-423 6 8                3.14 E E-423 8 10                0.39 E E-412 10 12                3.94 8 1.81 E E-412 12 14                1.86 E E-412 14 16                1.11 E E-412 16 18                0.34 E E-417 0 2                2.42 2 2.42 M M-677 8 10                1.62 6 0.91 M M-677 10 12                0.65 M M-677 12 14                0.46 L L-665 0 2              10.10 2 10.1   Table 1: Significant Mineralised Intersections above 0.3 g/t Gold.   Quality Assurance / Quality Control   The auger drillhole collars were sighted using a Garmin handheld GPS. The auger drilling was sampled every metre and then 2 m composites were created, and riffle split for assay samples. All samples were analysed at SGS (Bamako) Laboratory, which is a SANAS (South African National Accreditation System) accredited laboratory (facility accreditation number T0762). A strict QA/QC program was applied to all samples: which include insertion of either certified reference material (CRM's), a blank sample or duplicate every 20th sample (i.e., a rate of approximately 5% of submitted samples). The gold analyses were by fire-assay on 50 grams aliquot with AAS finish. The QAQC samples were monitored per batch and all QAQC samples have passed. Of the 3,439 auger samples, QAQC samples used during sampling comprised 60 standards/certified reference material made up of low grade AMIS0571 (0.59 g/t) and AMIS0569 (0.27 g/t), medium grade AMIS0441 (2.44 g/t) and high-grade AMIS 0559 (12.01 g/t). 78 Blank AMIS0681 samples and 59 field duplicates were inserted into the sample batches.   Future Exploration Work   The initial auger drilling results have identified Target E as the highest priority area for additional drilling to test these anomalies further. Additional auger drilling is currently underway to test the possible northern extension of Target E. Follow up AC or RC drilling will be required in future to test the possible lateral and strike extensions to get a better understanding of the geology in this area. In addition to Target E, Targets Q and L results suggest additional follow up work required.   Figure 7: Future Testing of Target E   Qualified Person   The technical and scientific information in this press release has been prepared, reviewed and approved by Uwe Engelmann, BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA, a director of Minxcon (Pty) Ltd. with respect to mineral resources, who is a Qualified Person as defined by National Instrument 43-101.   About Toubani Resources Inc   Toubani Resources is a TSX Venture Exchange (TSX-V: TRE) 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.   Toubani Resource's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2021 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 the potential for an increase in resource. For more information regarding Toubani Resources visit our website at www.toubaniresources.com.   For more information:   Danny Callow President and Chief Executive Officer +(27) 76 411 3803 Danny.Callow@toubaniresources.com   Daniyal Baizak Vice President, Corporate Development +1 (647) 835 9617 Dbaizak@toubaniresources.com   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 the auger drilling campaign, the expansion of mineral resources and reserves, and drilling and exploration plans of the Company. 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 the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals from regulatory authorities; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages; available infrastructure and supplies; any pandemics and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company 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@toubaniresources.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.