African Gold Group Changes Name to Toubani Resources

View this email in your browser AFRICAN GOLD GROUP CHANGES NAME TO TOUBANI RESOURCES June 27, 2022, Toronto, Ontario – Toubani Resources, Inc. (formerly African Gold Group, Inc.) (TSX-V: TRE, FRA: 3A61) ("Toubani Resources" or the "Company") is pleased to announce that in line with its corporate strategy and shareholders approval, the Company completed its change of name to "Toubani Resources Inc." on June 15, 2022. Common shares of the Company began trading on the TSX Venture Exchange under the new trading symbol "TRE" at the opening of trading on June 15, 2022.   The Company has changed its name to better reflect its strategic focus on the development of the Kobada Project in Southern Mali and its decision to dual list on the Australian Stock Exchange. The name change to "Toubani Resources Inc." and the related rebranding exercise will provide an opportunity to position the Company anew with all stakeholders as a growing and prospective gold company.   Toubani Resources Highlights: A robust multi-million-ounce gold resource base with significant expansion potential Total proven and probable mineral reserve of 1,252,522 ounces of gold Total measured and indicated mineral resource of 1,711,000 ounces of gold Total mineral resource (including inferred resource) of 3,144,000 ounces of gold Over 50 km of new potential shear zones identified on Kobada and Kobada Est concessions Over 5,500 hectares of prospective mineral trends within trucking distance yet to be explored    Recently published definitive feasibility study outlines robust economics of the Project 3 Mtpa operation producing 1.2 Moz of gold over a 16-year Life-of-Mine ("LOM") Average annual gold production of 100,000 oz over the first 10 years Pre-tax NPV5% of US$506 million with an IRR of 45% Toubani Resource's President and CEO, Mr. Danny Callow, stated: "We are pleased to complete the first step in our strategic expansion by re-branding and enhancing our marketing strategy with the change of the corporate identity to Toubani Resources Inc., combined with our new trading symbol "TRE" and corporate logo."   "The name change to Toubani Resources Inc reflects the name of a popular bird in the region, in the local Malinke language. The name change reflects the company spreading its wings, the near-term resource growth potential of the Company and better reflects our local heritage, our strong relationship within the local communities in which we operate and our progress in the development of our flagship Kobada Project. The Company is poised for transformational growth with the advancement of continued exploration of the Kobada Project over the coming year which we believe gives us the potential for further resource growth increases and build on the highly successful drilling campaigns since late 2019. Over the last 2 years our team has been successful in expanding the resource base at Kobada with a 144% increase in reserves and 44% increase in measured and indicated resource categories." The scientific and technical information contained in this press release has been reviewed, prepared and approved by Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA), a director of Minxcon (Pty) Ltd and a member of the South African Council for Natural Scientific Professions. 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 listing on the Australian Stock Exchange, 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 Canadian and Australian regulatory authorities; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages; available infrastructure and supplies; the COVID-19 pandemic 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.

GSilver Discovers High-Grade Historical Tailings Material at El Cubo Assays 727 GPT AgEq Over 1.2m

GSilver Discovers High-Grade Historical Tailings Material at El Cubo Assays 727 GPT AgEq Over 1.2m and 711 GPT AgEq Over 1.0m VANCOUVER, BC / ACCESSWIRE / June 22, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to report the discovery of high-grade gold and silver material in an historical tailings area at the Company's wholly owned El Cubo Mine Complex in Guanajuato, Mexico. Highlights: A 43,000 sq. meter, 1.0m-1.5m thick layer of high-grade surface material has been identified from a retired tailings facility named‘Mastrantos IV'. 134 shallow drillholes, totalling 220.5 drilled meters (holes to approximately 2.0m depth), were completed at Mastrantos IV this year; the best results included Drillhole #164 grading 727gpt AgEq over 1.2m and Drillhole# 166 grading 711 gpt AgEq over 1.0m. Over 95% of the drillholes encountered significant mineralization. The majority of this mineralization exists as free-gold; GSilver has tested several different gravitational separation procedures in order to extract the gold and silver from this material. Final assessments on the exact method the Company will use to process this material will be decided upon shortly. Commenting on this news, James Anderson, Chairman & CEO said, "Our intention is to add additional silver and gold concentrate production through an independent gravity separation circuit. This will allow us to expand overall production at El Cubo without interfering with the regular flow of material through our processing facility. GSilver's ability to identify and then rapidly act upon this opportunity is demonstrative of the technical quality of our Mexican operating team. Going forward, we plan to investigate and subsequently exploit similar development opportunities that we believe exist within the Guanajuato mining district, where processing of precious metals has been ongoing for over 450 years." The Mastrantos IV tailings facility is located approximately 3km from the El Cubo mill and had an operational history dating principally between 1986 to 2003, during which time the price of gold generally traded below US$400 per ounce. Also, most of the Mastrantos IV material comes from El Cubo's Santa Cecilia area which at that time was encountering bonanza gold grades. These combined circumstances may have contributed to the low gold recoveries and the high-grade values left in the tailings. The target area at Mastrantos IV is a gold and silver mineralized layer starting at surface and extending to approximately 1.5 meters in depth; a total of 134 shallow holes (drilled to approximately 2.0m total depth) were drilled over an area of more than 43,000 sq. meters. Silver equivalent (AgEq) results for each hole are included in Figures 1 and 3 below; higher grades of greater than 250 gpt AgEq are common and make up the majority of the drillholes that define this mineralized layer. GSilver has not undertaken a NI 43-101 resource estimate for this mineralized material; however if metallurgical tests support economic viability, GSilver plans to begin processing the Mastrantos IV material as soon as practicable. Preliminary testing to date, which has included a bulk sample and numerous metallurgical trials completed in conjunction with the University of Guanajuato's School of Mines, has demonstrated encouraging results. Once final metallurgical tests are completed, the Company plans to extract the gold and silver content from Mastrantos IV using a gravity extraction circuit. The El Cubo Mine has been in almost continuous operations for the past 200 years. GSilver will continue to investigate additional opportunities for tailings reprocessing from other tailing facilities located on its properties - many of which pre-date Mastrantos IV. Figure 1 - Plan View of Mastrantos IV Showing Assay Results in AgEq. Figure 2 - Plan View of Mastrantos IV Showing Drillhole Collar Locations. Figure 3 - Table of assay results for 134 shallow drill holes (101 to 248), all results drilled from surface. Note: All silver equivalent (AgEq) values are calculated based on a long-term gold to silver price ratio of 80:1 as used by mineral industry advisors, Behre Dolbear and Company (USA), Inc., in the Company's NI 43-101 PEA report with the effective date of January 31, 2021; a copy of which is available for review on SEDAR. Sampling and quality assurance/quality control Drill core was first reviewed by a Company geologist, who identified and marked intervals for sampling. The marked sample intervals were then cut in half; half of the core was left in plastic bag, and the other half was placed in additional plastic bags, sealed and labeled. Intervals and unique sample numbers are recorded on the drill logs and the samples are sequenced with standards and blanks inserted according to a predefined QA/QC procedure. The samples are maintained under security on site until they are shipped to the analytical lab. The analytical work reported on herein was performed by Corporacion Quimica Platinum S.A de C.V., Silao, Guanajuato, Mexico (Uncertified Laboratory). To validate our assay results and our preparation procedures, GSilver sends additional random samples representing approximately 20% of all analytical samples to Bureau Veritas in Hermosillo, Sonora, Mexico. Bureau Veritas is an ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) geo-analytical laboratory and is independent of GSilver and its "qualified person". Core samples were subject to crushing at a minimum of 70 per cent passing two millimeters, followed by pulverizing of a 250-gram split to 85 per cent passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30-gram fire assay (FA) analysis, in addition to silver and 34-element using fire assay and gravimetry termination. Following industry-standard procedures, blank and standard samples were inserted into the sample sequence and sent to the laboratory for analysis. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. GSilver detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. Hernan Dorado Smith, a director and officer 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 mines and processes silver and gold concentrate from its El Cubo mine and mill. The Company continues to delineate for additional silver and gold resources through underground drilling at El Cubo and its nearby El Pinguico project. Both projects are located within 11km of the city of Guanajuato, Mexico, 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 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 information and statements, which relate to future events or future performance including, but not limited to, the potential quantity, gradesand recovery rates of mineralized material contained within the historic ‘Mastrantos IV' tailings facility and the potential for additional mineralized material in other historic tailings facilities at El Cubo or elsewhere, the Company's plan to begin processing of mineralized material from ‘Mastrantos IV' upon receipt of favorable metallurgical test results, the gravitational separation method to be used and the estimated timing thereof, and the Company's expectations for expanding overall production at El Cubo without interfering with the current flow of materials through the El Cubo processing facility and generating additional revenue from Mastrantos IV and potentially other historic tailings facilities in and about Guanajuato, Mexico. 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 estimates of the overall volume of mineralized material at Mastrantos IV and the grades thereof and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of the mineralized material 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 mining operations at Mastrantos IV; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for development of Mastrantos IV, capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) remaining as estimated; 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, rising inflation, supply chain disruptions, availability of financing, currency rate fluctuations, actual results of 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 silver, gold and other metals, operating risks, accidents, labour 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 develop and produce concentrate from the historic tailings at Mastrantos IV to deliver the tonnage, grades, recoveries, and revenue from precious metals concentrate sales at the costs and within the timetable anticipated. In addition, GSilver's plan to begin processing mineralized material from Mastrantos IV following receipt of favorable metallurgical results 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. Mineralized materials 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 processing of mineralized material from Mastrantos IV will generate revenues or positive cash flow in the amounts anticipated or at all. There is also uncertainty about the ongoing spread of COVID-19, the war in Ukraine, rising inflation and interest rates (both domestically and abroad) and the impact they will have on the Company's operations, supply chains, ability to access El Cubo and/or El Pinguico or procure equipment, supplies, 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. 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. SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/706108/GSilver-Discovers-High-Grade-Historical-Tailings-Material-at-El-Cubo-Assays-727-GPT-AgEq-Over-12m-and-711-GPT-AgEq-Over-10m 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.

Precipitate Commences Ground Geophysical IP Survey at Motherlode Gold Project in Newfoundland, Canada

Forward this email to a friend View email in your browser   Precipitate Commences Ground Geophysical IP Survey at Motherlode Gold Project in Newfoundland, Canada Vancouver, B.C. – June 21, 2022 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) is pleased to announce it has commenced ground geophysical surveying at the Motherlode Gold Project ("Motherlode" or the "Project") within the Burin Peninsula of southern Newfoundland, Canada. The Company has initiated a ground geophysical program of magnetic and induced polarization ("IP") surveying at the high priority Motherlode Zone. The IP survey will consist of 11 lines at 100 metre spacing for an estimated total of 7.5 line-kilometers. These two surveys will cover a 1,000 metre portion of the laterally extensive shear-structure trend which bisects the Zone in a northeast - southwest direction. The Motherlode Zone hosts the Project's most notable gold mineralization and related surface colour gossan identified to date, with rock grab sample values up to 25.0 g/t gold* and historical drill results including 3.5m at 1.4 g/t gold. Jeffrey Wilson, Precipitate's President & CEO stated, "We're pleased to initiate this important program of detailed ground geophysical surveying at the Motherlode Zone, as this work represents a critical step toward delineating and prioritizing drill targets. The Company's recently completed review and interpretation of existing geochemical, geological, and geochemical data provided prioritized zones warranting detailed follow up groundwork. The IP survey will provide valuable subsurface geophysical signatures within these prioritized zones and aid in identifying targets for an anticipated near-term drill campaign." The Company has completed the first phase project-wide exploration program of prospecting, geological mapping and surface sampling, with emphasis on the 7 high priority and 11 secondary target areas outlined in previous news releases. A total of 330 rock samples have been submitted to the laboratory for analyses. Figure 1: Motherlode Project Location Map and Area of IP Surveying Figure 2: Photo of Motherlode Zone Surface Colour Gossan (looking north) The Motherlode Zone hosts structurally related orogenic gold style mineralization, where gold enriched quartz veins-stockworks are strongly associated with shears and faults containing low pyrite and arsenopyrite sulphide concentrations. The Company's website has additional information and illustrations of recent and historical Motherlode project data. For reference: g/t = grams per tonne, Au = gold, m = metres * High grade rock grab samples are selective by nature and are unlikely to represent average grades on the property This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards. About Precipitate Gold: Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in Newfoundland Canada and the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. The Company has entered into an Earn-In Agreement with Barrick Gold Corporation, whereby Barrick can earn a 70% interest in the Company's Pueblo Grande Project by incurring US$10M within six years and producing a qualifying Pre-feasibility Study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value, in other favourable jurisdictions. Additional information can be viewed at the Company's website www.precipitategold.com. On Behalf of the Board of Directors of Precipitate Gold Corp., "Jeffrey Wilson" President & CEO For further information, please contact: Tel: 604-558-0335 Toll Free: 855-558-0335 investor@precipitategold.com Neither the TSX Venture Exchange nor its Regulation Service 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 press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.'s ("Precipitate" or the "Company") current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. 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 Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate 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. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Copyright © 2022 Precipitate Gold Corp., All rights reserved. You are receiving this email because you subscribed for updates via our website. Our mailing address is: Precipitate Gold Corp. 625 Howe Street, Suite 1020 Vancouver, BC V6C 2T6 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

This email was sent to sgbsura1.weqeqe@blogger.com why did I get this?    unsubscribe from this list    update subscription preferences Precipitate Gold Corp. · 625 Howe Street, Suite 1020 · Vancouver, BC V6C 2T6 · Canada