Category Archives: Finance & Loans

Prospera Energy Inc. Appoints Samuel David as President, CEO and Director

CALGARY, AB / ACCESSWIRE / December 21, 2020 / Prospera Energy Inc. ("Prospera" or the "Corporation") (TSXV:PEI)(FRA:OF6A) is pleased to announce the appointment of Samuel David as President, CEO and Director of the Corporation effective immediately. Mr. Samuel David is a Professional Engineer. The appointment is to initiate Prospera reorganization process to attain efficiencies and profitability.

Samuel S. David has over 30 years of experience in Operation, Development and Management of oil and gas assets and companies. Mr. David is an APEGA mentor holds a B.Sc. in Mechanical Engineering and a B.A. in Economics from the University of Calgary. His background consists of both Engineering and Executive Management experience with majors Petro-Canada, AEC Oil & Gas (now EnCana / Cenovus), Husky Energy as well as founded and operated juniors Ventura Energy and First west Petroleum.

Mr. David has proven expertise in corporate planning, production, reservoir engineering, depletion strategies, EOR, property evaluations, acquisitions, and divestitures. He combines his technical skills with an extensive network of high-level industry contacts to identify prospects quickly and efficiently with merit, implement acquisition strategies, design, and execute efficient cost-effective drilling and completion programs, and quickly equip and tie-in wells to bring production online. During his career he has successfully exploited oil and gas in both sedimentary and carbonate reservoirs.

Samuel will provide leadership to our initiatives to optimizing existing assets and development to further growth by securing funding to support new collaborative initiatives. We are delighted to appoint Samuel to this position. His experience and knowledge exchange, combined with his proven ability at identifying opportunities, developing assets, and leading initiatives, will help build Prospera to success in these unpreceded industry circumstances.

The Corporation also announces the resignation of Mr Sarshar Ahmad as a Director of the Corporation effective immediately. Prospera thanks and wishes Mr. Ahmad the best in his future endeavours.

About Prospera

Prospera Energy Inc. is a Canadian natural resource Corporation engaged in the acquisition, exploration, development and production of oil and gas properties with operations in Alberta and western Saskatchewan.

For further information:

Email: sfranz@prosperaenergy.com
Tel: (403)454-9010
Website: www.prosperaenergy.com

Production volumes are commonly expressed on a barrel of oil equivalent ("BOE") basis whereby natural gas volumes are converted at a ratio of six thousand cubic feet to one barrel of oil. The intention is to convert oil and natural gas measurement units into one basis for improved analysis of results and comparisons with other industry participants. The term BOE may be misleading, particularly if used in isolation. The conversion ratio is based on an energy equivalent method and does not represent an economic value equivalency at the wellhead.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements

Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward- looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward- looking statement will materialize and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward- looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian 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 release.

SOURCE: Prospera Energy Inc.

ReleaseID: 621778

Commerce Resources Corp. Announces Flow-through Non-brokered Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / December 21, 2020 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0) (the "Company" or "Commerce") is pleased to announce a non-brokered private placement consisting of the issuance of up to 8,064,516 common shares (each, a "Share") issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) at a price of $0.31 per Share for gross proceeds of up to $2,500,000 (the "Offering"). Insiders may participate in the Offering.

The aggregate gross proceeds from the sale of the Offering will be used to advance the developments of the Company's Ashram REE Deposit in Quebec.

Finders' fees may be payable in connection with the Offering in accordance with the policies of the TSX Venture Exchange (the "Exchange").

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Commerce Resources Corp.

Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Ashram Rare Earth Element/ Fluorspar Deposit in Quebec and the Upper Fir Tantalum-Niobium Deposit in British Columbia.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

"Chris Grove"
Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com

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

Cautionary Statement Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the proposed Offering, the expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, the expiry of hold periods for securities distributed pursuant to the Offering, and Exchange approval of the proposed Offering. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that: the Company may not complete the Offering on terms favorable to the Company or at all; the Exchange may not approve the Offering; the proceeds of the Offering may not be used as stated in this news release; the funds raised from the sale of the Units may not be renounced in favour of the Unit holders; the Company may be unable to satisfy all of the conditions to the Closing; and those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE: Commerce Resources Corp.

ReleaseID: 621700

Folkstone Capital Announces Revocation of Cease Trade Order

VANCOUVER, BC / ACCESSWIRE / December 18, 2020 / Folkstone Capital Corp. (the "Company") (TSXV:FKS.H) announces that the British Columbia Securities Commission and Ontario Securities Commission (the "Commissions") have revoked their cease trade order against the Company effective December 18, 2020. The Company's common shares were cease traded by the Commissions for failure to file annual financial statements and management's discussion and analysis ("MD&A") for the financial year ended May 31, 2019 (collectively, the "2019 Financial Statements"). The 2019 Financial Statements, along with the interim financial statements and MD&A for the three months ended August 31, 2019, the six months ended November 30, 2019 and the nine months ended February 29, 2020, the audited annual financial statements and MD&A for the financial year ended May 31, 2020, and the interim financial statements and MD&A for the three months ended August 31, 2020, were filed by the Company on September 28, 2020, October 5, 2020, October 20, 2020, and October 23, 2020, respectively, and are available on SEDAR at www.sedar.com.

The Company currently does not have an active business, and, going forward, will be seeking a business opportunity that will constitute a Qualifying Transaction under the policies of the TSX Venture Exchange.

On behalf of the Board, Mario Miranda
CEO, CFO, Corporate Secretary and Director

For further information:
Folkstone Capital Corp.
1600 – 609 Granville Street
Vancouver, BC V7Y 1C3
(778) 331-8505

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

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable law.

SOURCE: Folkstone Capital Corp.

ReleaseID: 621646

Erin Ventures Reports AGM Results

VICTORIA, BC / ACCESSWIRE / December 18, 2020 / Erin Ventures Inc. ("Erin") [TSXV:EV] announces the results of its Annual General and Special Meeting held on December 17, 2020. A quorum of shareholders represented by Proxies was present. All the resolutions presented to the shareholders were approved (see the SEDAR filing of the Company's Information Circular, dated November 9, 2020 for details).

Specifically, the following resolutions were approved:

To accept the audited financial statements for the fiscal period ended June 30, 2020 and the auditor's report thereon.
To set the number of Directors to be elected (set at 4).
To elect Directors for the ensuing year. Elected: Tim Daniels; Dusan Podunavac; Vladan Milosevic; James Wallis.
To appoint auditors for the ensuing year and to authorize the directors to fix the remuneration of the auditors. Appointed – Smythe, Chartered Accountants.
Approval of Erin's Stock Option Plan.
Approval of Advanced Notice Bylaw.

The results of the vote on the election of the Board of Directors are as follows:

Tim Daniels

 

Votes For:

40,918,996 (95.04%)

Votes Withheld:

2,135,900 (4.96%)

 

 

James Wallis

 

Votes For:

42,707,040 (99.19%)

Votes Withheld:

347,856 (0.81%)

 

 

Vladan Milosevic

 

Votes For:

42,707,040 (99.19%)

Votes Withheld:

347,856 (0.81%)

 

 

Dusan Podunavac

 

Votes For:

42,707,040 (99.19%)

Votes Withheld:

347,856 (0.81%)

 
 

On behalf of the Board of Directors,
Blake Fallis, General Manager

About Erin Ventures

Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia. Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX Venture Exchange under the symbol "EV" and the OTCQB Venture Market under the symbol "ERVFF". For detailed information please see Erin's website at www.erinventures.com or the Company's filed documents at www.sedar.com.

For further information, please contact:

Erin Ventures Inc.
Blake Fallis, General Manager
Phone: 1-250- 384-1999 or 1-888-289-3746
www.erinventures.com
645 Fort Street, Suite 203
Victoria BC V8W1G2
Canada

Erin's Public Quotations:

Canada
TSX Venture: EV
USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV

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.

SOURCE: Erin Ventures Inc.

ReleaseID: 621613

Majestic Drill Program at Fair Adelaide Project

VANCOUVER, BC / ACCESSWIRE / December 18, 2020 / Majestic Gold Corp. ("Majestic" or the "Company") (TSXV:MJS)(FSE:MJT) reports that it will commence a 1,200 metre aircore ("AC) drill program at its Fair Adelaide Project, located in Western Australia. It will be the first phase of drilling undertaken by the Company at Fair Adelaide and will consist of a number of short holes to inexpensively confirm and expand on mineralization in holes drilled by previous operators at the Fair Adelaide East and Puzzle Bear prospects. The program is scheduled to begin in early January 2021.

The Property is located approximately 60 kilometres northwest of Kalgoorlie in the Ora Banda region of Western Australia. The eight contiguous tenements owned by Plutus Resources Pty. Ltd. ("Plutus") comprise a total area of 1,322 hectares and are within the Eastern Goldfields Province of the Archaean Yilgarn Craton of Western Australia which covers a portion of the Ora Banda Domain of the Kalgoorlie Terrane. The property is situated within the Norseman-Wiluna greenstone belt of the Eastern Goldfields Province.

The Fair Adelaide property covers a highly prospective portion of ultramafic rocks on the western limb of the Goongarrie-Mt Pleasant anticline in the prolific Kalgoorlie gold district which also hosts significant base metal occurrences. The greenstone rocks that host gold mineralisation at Fair Adelaide East play host regionally to the Siberia, Mt Pleasant and Paddington gold deposits.

At the Fair Adelaide East prospect target area, initial drilling targeted near surface gold mineralization intersected in a well oxidized ultramafic unit at the contact of a granodiorite. Drilling along the granite‐ultramafic contact identified a zone of sericite‐pyrite alteration, with lesser quartz veining, that can be traced for several hundred metres in a north‐south direction. These alteration assemblages are consistent with those observed on the edges of quartz veins and within small shears through the granodiorite.

This program will drill several shallow holes through the contact zone between the ultramafic and granitoid as well as drill some deeper holes to test for primary mineralization in unoxidized ultramafics, similar to the style of gold mineralization found at Tarmoola, in the northern Kalgoorlie-Wiluna Belt, where mineralization is hosted in sub-vertical contact sheared margin of a large granitoid.

At the Puzzle Bear prospect, two sub-parallel nickel bearing gossans adjacent to thrust faults were discovered in 2004. The geology at Puzzle Bear is along strike with rocks that hose nickel-cobalt mineralization at the nearby Cawse Laterite deposits (Norilsk Nickel Australia). The Company will drill several shallow holes to confirm results from a reverse air blast drilling program down by Crusader in 2004.

The Company has been granted an option to acquire a 51% interest in the property from Plutus, a privately owned Australian company, by paying Plutus A$30,000 on execution of the Agreement, a further A$30,000 on or before December 2020 and expending a total A$2,000,000 in exploration expenses on the properties during the ensuing two years ending December 15, 2023, provided that Majestic expends a minimum of A$500,000 on the properties during the year commencing December 15, 2021 and ending December 15, 2022.

Alternatively, Majestic may elect to acquire a 51% interest in fewer than the full eight tenements by making the two cash payments of A$30,000 and electing to expend a minimum of A$250,000 on any one or any number of tenements each and relinquishing the balance of the tenements back to Plutus, again provided Majestic expends a minimum of $500,000 during the year commencing December 15, 2021 and ending December 15, 2023.

Following Majestic having earned a 51% interest either in the full 8 Tenements or any fewer number Plutus and Majestic shall either negotiate a joint venture for the further development of the then jointly-owned properties or negotiate a sale of a 44% interest in the said properties by Plutus to Majestic.

About Majestic Gold

Currently focused solely in China, Majestic Gold Corp. is a British Columbia based company engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China. Additional information on the Company and its projects is available at www.sedar.com and on the Company's website at www.majesticgold.com.

For further information, please contact:

Stephen Kenwood, P.Geo., President and CEO
Telephone: (604) 560-9060
Email: info@majesticgold.com
Website: www.majesticgold.com

Cautionary Notes

Certain statements contained herein may constitute forward‐looking statements and are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward‐looking statements are statements which relate to future events. Such statements include estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, including with respect to production, exploration drilling, reserves and resources, exploitation activities and events or future operations. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when, and if, a project is actually developed.

In some cases, you can identify forward‐looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward‐looking statements.

While these forward‐looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Majestic Gold does not intend to update any forward‐looking statements to conform these statements to actual results.

SOURCE: Majestic Gold Corp.

ReleaseID: 621475

Erin Ventures Enters Strategic Partnership With Temas Resources for Development of Erin’s Piskanja Boron Project

VICTORIA, BC / ACCESSWIRE / December 17, 2020 / Erin Ventures Inc. (TSXV:EV) is pleased to report that it has entered into a Letter of Intent with Temas Resources Corp. ("Temas") for the joint development of Erin's Piskanja Borate Project, located in Serbia ("Piskanja").

Piskanja is Erin's wholly-owned boron deposit with an indicated mineral resource of 7.8 million tonnes (averaging 31.0 per cent B2O3) and an inferred resource of 3.4 million tonnes (averaging 28.6 per cent B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (CIM Standards), as disclosed in Erin's report titled, "Mineral Resource Estimate Update On The Piskanja Borate Project, Serbia, October 2016 – Amended February 28, 2019" – prepared by SRK Consulting (UK) Ltd. The responsible persons for the Updated MRE are Dr. Mike Armitage (C.Eng. C.Geol.) and Dr. Mikhail Tsypukov, who are both full-time employees of SRK and Qualified Persons in accordance with the CIM Definition Standards on Mineral Resources and Reserves (CIM Standards), and independent of Erin Ventures.

The salient terms in the Letter of Intent ("LOI") as are follows:

Temas has a sole, exclusive, immediate, and irrevocable option to earn up to 50% equity interest in Balkan Gold (Erin's wholly-owned subsidiary which holds the license to the Piskanja Boron Project) by expending a total of €10.5 million towards the development of Piskanja, within a 36-month period (the "Option Transaction").
Upon receiving approval of the Option Transaction, Temas will make a one-time payment of 250,000 Temas common shares and 250,000 share purchase warrants (at $1.00 for 4 years) to Erin.
The terms of this LOI will form the basis of a definitive, binding Option Agreement, which the parties contemplate will be entered into no later than April 15, 2021.
Temas has until Feb. 28, 2021 to complete its due diligence regarding Piskanja.
Each €210,000 advanced to the Project by Temas will earn Temas an additional 1% undivided equity interest in Balkan Gold, to a maximum of 50% interest for €10.5M.
Temas has the right to accelerate the Option expenditures.
Upon acquisition of 50% interest in Balkan Gold by completing its expenditures, Temas will entitled to representation on the board of Balkan Gold, voting rights, and dilution provisions, among other rights regarding the governance of Balkan Gold.
An included dilution provision will state that all cost overruns beyond the €10.5M obligation by Temas are to be equally shared by Temas and Erin. In the event that one party chooses not to fulfill its funding obligation, that party's interest in Balkan Gold will be diluted. If a party's interest falls below 10%, such ownership is converted to a 2% net smelter royalty or 10% of net profits interest.
Erin will remain operator on the project until such time as Temas has exercised the Option and earned its 50% interest in Balkan Gold, at which point Temas will become operator of Piskanja.
During the 3-year Option Period, a joint technical committee made up of members from both Erin and Temas will have final say on matters pertaining to programs and budgets.
This LOI is non-binding, with the terms subject to the parties entering into a binding Option Agreement.
The Option Agreement will be subject to satisfactory completion of due diligence, applicable regulatory approvals, board approvals, shareholder approvals as may be required, amongst other factors.

"We are extremely excited by this development" said Tim Daniels, CEO of Erin. "Temas is an exceptionally good fit for this project. Not only are they willing to match their funding commitments for Piskanja with the anticipated equity requirements for project development right through to production, but in addition, they have an experienced management team with like-minded thinking towards the development of Piskanja. Undoubtedly we are stronger with them as our partner."

Michael Dehn, CEO of Temas, added, "having the ability to work on a very advanced project with a very high demand commodity that would be the only European production of borates should add significant shareholder value, along with our Ilmenite deposits in Canada. Having access to premier projects that could produce products that end up in consumer and industrial products should allow Temas evolve from an explorer to producer."

On behalf of the Board of Directors

About Temas Resources Corp.
Temas Resources Corp. ("Temas Resources") (TMAS)(TMASF) is responding to the growing global demand for iron ore and two strategically important minerals – titanium and vanadium – deemed by the U.S. Department of the Interior as critical to U.S. national security and the economy. Temas Resources properties are located in the stable, mining-friendly jurisdiction of Quebec (Canada), bordering Vermont, Maine, and New York State (U.S.) in an area known as the Grenville Geological Province. The Grenville Geological Province is home to Lac Tio, the largest solid ilmenite deposit in the world. As a mineral exploration company focused on the acquisition, exploration, and development of iron, titanium, and vanadium properties, Temas Resources has focused its efforts on advancing two major projects in the Grenville Geological Province area. The Company's first project, the DAB Property, consists of an option for 100% interest on 128 contiguous mineral claims, which covers 6,813 hectares (68.14 km²) within the Grenville Geological Province. At the Company's flagship La Blache Property, Temas has 100% ownership of 48 semi-contiguous mineral claims, which cover 2,653 hectares (26.53 km²) within the Grenville Geological Province. All public filings for the Company can be found on the SEDAR website www.sedar.com. For more information about the Company, please visit www.temasresources.com.

About Erin Ventures Inc.
Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia. Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX Venture Exchange under the symbol "EV." For detailed information, please see Erin's website at www.erinventures.com or the Company's filed documents at www.sedar.com.

For further information, please contact:

Erin Ventures, Inc.
Blake Fallis, General Manager
Phone: 1-250- 384-1999 or 1-888-289-3746
info@erinventures.com
www.erinventures.com

Erin's Public Quotations:

Canada
TSX Venture:EV
USA
OTCQB:ERVFF
Europe
Berlin:EKV

The technical information in this release was prepared and approved by James E Wallis, M.Sc. (Eng), P. Eng., a director of the company, who is a Qualified Person under National Instrument 43-101.

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 press release contains or refers to forward-looking information under Canadian securities legislation, including statements regarding the timing of future mineral resource estimates, estimation of mineral resources, exploration results, potential mineralization, exploration, and mine development plans, timing of the commencement of operations, and future production and is based on current expectations that involve a number of business risks and uncertainties. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should," and other similar expressions generally identify forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, as well as those factors discussed in the section entitled "Risks of the Business" in the Company's most recent regulatory filings which are posted on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof, and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities law. These and other factors made in public disclosures and filings by the Company should be considered carefully.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. "Inferred Resources" have a great amount of uncertainty as to their existence and economic and legal feasibility. Investors are cautioned not to assume that all or any part of an inferred mineral resource reported in this news release will ever be upgraded to a higher category or to reserves. U.S. persons are advised that while mineral resources are recognized under Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. persons are also cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable.

SOURCE: Erin Ventures, Inc.

ReleaseID: 621452

NV Gold Commences Drilling at Slumber Gold Project and Terminates Option on Exodus Gold Project

VANCOUVER, BC / ACCESSWIRE / December 17, 2020 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) ("NV Gold" or the "Company") is pleased to announce that drilling is now underway at the 100% controlled and fully permitted Slumber Gold Project ("Slumber") located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, USA. Drilling at Slumber will encompass up to 2,500 m in up to 10 RC drill holes. For additional information on the Slumber Gold Project, please refer to NV Gold's press releases, dated September 25th, October 27th, 2020 and November 25th, 2020. In addition, the Company has completed its geological review of the Exodus Gold Project in British Columbia and decided to terminate its option to acquire an interest in it.

"Drilling has commenced at the Slumber Gold Project during the week of December 6th, targeting a potential buried high-grade gold vein system," commented Peter A. Ball, President and CEO of NV Gold. "The Company has also completed its due diligence review of the optioned Exodus Gold Project and has determined the project not to be a property of merit that fits into NV Gold's exploration strategy and focus. NV Gold's management team is always focused on minimizing dilution and preserving capital when related to exploring or acquiring new gold opportunities."

NV Gold completed a due diligence review of the Exodus property from August through October 2020. The project was re-interpreted from an orogenic lode gold target to a distal mineral gold occurrence that was small, discontinuous and likely related to localized intrusions. The extensive glacial till cover, proximity to nearby main tributaries and farmland and also not being able to form an Early Engagement Agreement with the local First-Nations group limited further property exploration.

The Company has determined that, based on its interpretation of the size of the system and the lack of any material results from NV Gold's exploration to-date, the Exodus Gold Project does not merit further expenditure under the terms of the current option agreement. The deal structure of the Exodus property option ensured that a preliminary geological review could be completed with minimal initial cash and share payments to the property vendors during the first six month option period (refer to the Company's press release dated July 6, 2020).

About NV Gold Corporation

NV Gold (TSXV: NVX; OTCQB: NVGLF) is a well-financed junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries in North America, leveraging its highly experienced in-house technical knowledge, and identifying and drilling 2-3 priority projects per year.

On behalf of the Board of Directors,

Peter A. Ball
President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

Peter A. Ball, President & CEO
Phone: 1-888-363-9883
Email: peter@nvgoldcorp.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.

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration activities, including executing a drill program at the Sandy and Slumber Gold Projects, the timing of undertaking its work and disclosure of results, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation

ReleaseID: 621321

Montoro Receives Drill Permit Extension On Its Pecors (Ni,Cu,PGE) Massive Sulphide Project, Elliot Lake, Ontario

VANCOUVER, BC / ACCESSWIRE / December 17, 2020 / International Montoro Resources Inc. (TSXV:IMT)(Frankfurt:O4T1)(OTC PINK:IMTFF); (the "Company") is pleased to announce that has received an extension to its drilling permit from the Ministry of Energy, Northern Development, and Mines (ENDM) for its 1,840-hectare Pecors – Ni, Cu, PGE project near Elliot Lake, Ontario. The exploration permit will allow the company to delineate the extent of nickel, copper, and PGM mineralization discovered in 2015 diamond drilling and VTEM survey on the Pecors anomaly. Past exploration and geophysical interpretation by the company has outlined a significant 5.7km long and 4.2km wide anomaly to be tested by drilling under the exploration permit extension. Sampling of diamond drill core in 2015 (DDH P-15-23) intersected a mineralized zone near the anomaly over 12-meters averaging 0.33 g/t TPM, 0.11% Cu, and 0.04% Ni (see press release dated October 22, 2020).

The Pecors anomaly is a strong regional magnetic high that extends for 18km southeast-northwest and up to 4km wide. The anomaly is located 15km from the East Bull Intrusive Suite where recent drilling by Grid Metals Corp. (TSXV:GRDM) recently intersected 119m of 1.13 g/t Pd_Eq (see press release December 3, 2020). Canadian Palladiums (CSE:BULL) recent drilling results (see press release dated December 4, 2020) reported a 5m intersection grading 5.1 g/t Pd_Eq from it's East Bull property. This result appears to be an extension to their 43-101 compliant inferred resource estimate of 11.1Mt grading 1.46 g/t Pd_Eq.

The Pecors anomaly is mostly overlain by Huronian aged sediments. The source of the magnetic anomaly has now been confirmed to be at least partially comprised of lithologies of gabbroic affinity by International Montoro drilling in 2015. These gabbroic rocks are similar in nature to the East Bull Intrusive Suite and may represent an additional source of PGE-bearing mineralization that is found throughout the Sudbury region.

Mr. Karim Rayani, President & Chief Executive Officer commented "The drilling permit extension will enable us to return to our Pecors Ni-Cu-PGE project to investigate the extent and nature of the 2015 significant results. This appears to be a new source of PGE mineralization within an area close to the success of Grid Metals and Canadian Palladium."

Qualified Person

Mr. Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.

About International Montoro Resources Inc.

Montoro, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:

Exploits Zone, Newfoundland (Slip and Victoria Lake – Au Prospects)
Atikokan, Ontario (BlackFly – Au prospect)
Red Lake, Ontario (Camping Lake – Au prospect)
Elliot Lake, Ontario (Serpent River/Pecors -Ni-Cu-PGE discovery) & (Uranium- REE's)
Quebec (Duhamel -Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium prospect)
Prince George, British Columbia (Wicheeda North – Rare Earth Elements prospect)

The Company's website is: https://montororesources.com/

ON BEHALF OF THE BOARD
International Montoro Resources Inc.
"Karim Rayani"
Karim Rayani
President & Chief Executive Officer, Director
Tel: 604 716 0551 email: k@r7.capital

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

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.

SOURCE: International Montoro Resources Inc.

ReleaseID: 621430

Northern Superior Resources Announces Closing of $4.25MM Private Placement

Not for distribution to United States newswire services or dissemination in the United States

SUDBURY, ON / ACCESSWIRE / December 17, 2020 / Northern Superior Resources ("Northern Superior" or the "Company")(TSXV:SUP) is pleased to announce the successful completion of its previously announced $4.25MM financing (see Northern Superior press releases dated November 9, 2020 (x2) and November 12, 2020).

The Company raised $2,500,000 of proceeds through the issuance of 2,271,363 common shares of the Company, issued on a "flow-though" basis to subscribers in the Province of Québec ("FT Shares"), at a price of $1.10 per FT Share. The Company raised an additional $1,750,000 of proceeds through the issuance of 2,187,500 units of the Company ("Hard Dollar Units"), at a price of $0.80 per Hard Dollar Unit. Each Hard Dollar Unit is comprised of one common share of the Company (a "Share") and a half warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional Share at a price of $1.20 per Share, until June 14, 2022.

In connection with the financing, the Company paid an aggregate of $157,287.01 in cash commissions and fees and issued an aggregate of 96,400 finders Warrants (on the same terms as Warrants issued to investors) to Cormark Securities Inc., Agentis Capital Markets Canada Limited Partnership, Clarus Securities Inc., Paradigm Capital Inc., Laurentian Bank Securities Inc. and Sidex sec.

All of the securities issued in connection with the financing are subject to a 4 month hold period under applicable securities laws, which expires on April 15, 2021. The TSX Venture Exchange conditionally approved the private placement on December 11, 2020.

New Gold

The Company is pleased to report that as part of this financing, New Gold Inc. invested a further $237,000 with the Company by acquiring 296,250 Hard Dollar Units. This additional investment by New Gold will allow them to maintain their 9.99% ownership stake in Northern Superior, should New Gold choose to exercise all of the Warrants forming part of the Hard Dollar Units purchased.

Director Participation

$240,000 of the gross proceeds were raised through the issuance of 300,000 Hard Dollar Units to three directors of the Company. This investment by the Company's board increases the board and management's total ownership interest of Northern Superior to 12,525,858 shares or approximately 19.81% of the current shares outstanding.

Use of Proceeds

This new infusion of hard dollars coupled with hard dollars currently held, will be used for general working capital purposes, ensuring that the Company can, based on current levels of spending, meet its administration and overhead commitments for at least the next 3 calendar years, starting in 2021.

The $2,500,000 of proceeds raised from the sale of FT Shares will be utilized to incur "Canadian Exploration Expenses" that are "flow-through mining expenditures" in support of an exploration program on the Company's 100% owned Lac Surprise and Croteau Est properties, Québec.

Tom Morris, President and CEO of the Company states: "With the conclusion of this financing, 2021 promises to be an exciting year for Northern Superior. The Company now has the financial resources to: i) fund an expanded drill program on its recent discovery on Lac Surprise (see Northern Superior press release, November 5, 2020); ii) unlock and understand the large potential of TPK with a fully funded $3.7 million dollar drill program; iii) expand and better define the current 640,000 oz 1.7g per ton resource and other regional opportunities at Croteau Est; and iv) provide the financial flexibility to evaluate and act upon other opportunities if warranted. We would like to thank all of those who have participated in the various financings throughout 2020, providing the Company this tremendous opportunity to unlock the value in its exciting exploration projects."

Board Structure and Directors' Fees

The Company has recently enhanced its board structure by creating several new board committees. Now, in addition to its existing Audit Committee, the board has created a new Technical, Health & Safety and Corporate Social Responsibility Committee, a Finance & Corporate Activities Committee and a formal Compensation & Corporate Governance Committee.

In addition, in an effort to preserve cash and to and to better align the interests of the Company's independent board members with the interests of the Company and with management, the board has also approved a new plan to pay independent directors' fees ($5,000 plus an additional $625 for committee chairs, per quarter) with common shares of the Company. If the plan is approved by the TSX Venture Exchange, quarterly directors' fees will be paid in arrears, with the number of common shares issuable each quarter to be calculated based on the closing price of the Company's shares on the last trading day of each such quarter. The Company will also seek exchange approval to include with the issuance for Q4, additional shares for directors' fees which have accrued since the beginning of 2020, but which have not been paid.

About Northern Superior Resources Inc.

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP, and the OTCQB Venture Market under the symbol NSUPF.

For further information please visit the Company's website at www.nsuperior.com or contact:

Thomas F. Morris P.Geo., PhD., FGAC
President and CEO
Tel: (705) 525 ‐0992
Fax: (705) 525 ‐7701
e‐mail: info@nsuperior.com

Cautionary Note Regarding Forward-Looking Statements

This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act ) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

Readers are cautioned that the financing remains conditional on a number of factors beyond the Company's control, including but not limited to TSXV approval and as a result, there is no guarantee that the financing will be completed as described above, or at all.

SOURCE: Northern Superior Resources Inc.

ReleaseID: 621326

Atalaya Mining PLC Announces Issue of Equity

NICOSIA, CYPRUS / ACCESSWIRE / December 17, 2020 / Atalaya Mining Plc (AIM:ATYM)(TSX:AYM) announces that it has issued 801,583 ordinary shares ("Ordinary Shares") pursuant to an exercise of share options and obligations owed to certain employees.

The Company has been notified that certain employees have exercised options over 768,250 ordinary shares of 7.5p in the Company ("Option Shares") and the Company has also satisfied a prior obligation to an employee through the issue of a further 33,333 new ordinary shares of 7.5p in the Company ("Employee Shares").

Application has been made for the 801,583 new Ordinary Shares to be admitted to trading on AIM (the "Admission") and the dealings in the new Ordinary Shares are expected to commence on or around 22 December 2020.

Following the issue of the new Ordinary Shares, which will rank pari passu with all existing Ordinary Shares, the total number of Ordinary Shares in issue is 138,140,709. This figure may be used by shareholders as the denominator for calculations to determine whether they are required to notify their interest in the Company.

Contacts:

Newgate Communications

Elisabeth Cowell / Adam Lloyd / Tom Carnegie

+ 44 20 3757 6880

4C Communications

Carina Corbett

+44 20 3170 7973

Canaccord Genuity

(NOMAD and Joint Broker)

Henry Fitzgerald-O'Connor / James Asensio

+44 20 7523 8000

BMO Capital Markets

(Joint Broker)

Tom Rider / Michael Rechsteiner / Neil Elliot

+44 20 7236 1010

Peel Hunt LLP

(Joint Broker)

Ross Allister / David McKeown

+44 20 7418 8900

About Atalaya Mining Plc

Atalaya is an AIM and TSX-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest Spain. In addition, the Group has a phased, earn-in agreement for up to 80% ownership of Proyecto Touro, a brownfield copper project in the northwest of Spain. For further information, visit www.atalayamining.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Atalaya Mining PLC

ReleaseID: 621278