EXETER, UK / ACCESSWIRE / December 10, 2020 / Cash on hand isn't something that everyone has and it's something that Cobra Payday Loans understands. That's why the company has rolled out short term borrowing solutions of up to £5,000 for anyone in need of emergency funds. This means no-frills, hassle-free borrowing, from as low as £100 with rates from 49.9% APR to 1333% APR.

Cobra Payday Loans allows you to focus on your crisis at hand while not worrying over little details. The company approves loans in less than 24 hours, for all kinds of reasons for borrowing. Whether you're in a bit of a spot and need some funds to tide you over or if you need some quick funding to help you get your business off the ground, Cobra Payday Loans have heard it all and have offered funding to all kinds of clients in all types of situations. One client received her loan in 39 seconds, allowing her to deal with her debt consolidation quickly and efficiently.

To apply for a loan from Cobra Payday Loans, you'll have to apply online at their website. You can do this 365 days a year, whether it's a holiday or a workday, you'll get your answer in less than 24 hours. The company will never make unsolicited calls and anyone purporting to be them and offering a loan through the phone, is a scam.

"We want to facilitate people to go about their lives. Money and opportunities don't always come together so we want to bridge that." A representative of Cobra Payday Loans explains, "It's hard when you don't have a safety net, when you don't have any savings or someone to rely on financially. Cobra Payday Loans want to be that big brother or buddy that always has your back. Whether you need money for home repairs, medical bills, or any other monetary curveballs life throws as us, we'll be here ready to lend a helping hand."

They also know that not everyone has a good history with credit and those with bad credit are also welcomed to apply. The company has a wide range of direct lenders who are able to cater to any financial background, and are able to offer bad credit loans. Cobra Payday Loans never charge any kind of processing fee and you get all the money you request upfront. The minimum loan length is 1 month and you can borrow up to 36 months if needed.

They are a regulated company that's Financial Conduct Authority (FCA) approved and General Data Protection Regulation (GDPR) compliant. All of their lenders are treated with respect and in a dignified manner. They uphold privacy issues strongly and even your employers need never know that you applied for a loan from Cobra Payday Loans. You can rest easy knowing that your information will be kept safe, and that you will be able to handle anything that requires your immediate monetary attention with the help of their same-day loans.

Cobra Payday Loans is a trading style of Ready Money Capital Limited.

Contact: Stuart Smale
Email: contact@cobrapaydayloans.co.uk
Phone: 0800 0519121

SOURCE: Cobra Payday Loans

ReleaseID: 619331

Drilling Underway at the Tandayama-America Porphyry Copper-Gold Target, Cascabel

BISHOPSGATE, LONDON / ACCESSWIRE / December 10, 2020 / The Board of SolGold (LSE:SOLG)(TSX:SOLG) is pleased to provide an update on its Cascabel Project, held by Exploraciones Novomining S.A, an 85% owned subsidiary of SolGold.

Highlights

Drilling has now commenced at the Tandayama-America porphyry copper-gold target, Cascabel utilising 2 diamond drill rigs as part of the ongoing Cascabel Feasibility Drilling Program.
The Tandayama-America target is considered a significant porphyry target characterised by coincident Cu-Mo-Au soil geochemical highs centred upon outcropping mineralisation in the Tandayama and America creeks.
Rock-saw channel sampling over surface exposure in Tandayama Creek returned a significant assay result of 37m @ 0.25%CuEq (0.15Cu, 0.18 Au).
The Tandayama-America target remained untested previously due to the high demand of drilling rigs at the Alpala Deposit.
Rig 5 is drilling the first hole at Tandayama-America, TAD-20-001, and is at a current depth of 258m. Drilling has intersected visible chalcopyrite copper sulphide mineralisation from 55m depth, with additional visible molybdenite and sphalerite mineralisation occurring from 199m depth.
Rig 6 is drilling the second hole at Tandayama-America, TAD-20-002, and is at a current depth of 104m. Drilling has intersected visible chalcopyrite mineralisation from 44m depth, including trace visible bornite from 68m depth.

References to figures relate to the version visible in PDF format by clicking the link below:

http://www.rns-pdf.londonstockexchange.com/rns/1961I_1-2020-12-10.pdf

SolGold Technical Services Manager, Benn Whistler, commenting on today's update said:

"We have always been interested in the drill targets at Tandayama-America, however the prioritisation of the Alpala Resource and Feasibility Drilling Programs has seen this target scheduled to form part of the Cascabel Feasibility Sterilisation Drilling Program now underway.

The Tandayama soil copper and molybdenum anomalies are two of the largest anomalies on the project. The rock-saw channel assay results from surface exposures in Tandayama Creek returned a moderate intercept of 37m @ 0.25%CuEq and if this exposure represents an intra-mineral intrusion there remains potential for drill testing to intersect earlier, richer intrusions. At this stage mineralisation does appear to be increasing down hole which bodes well as both drill holes enter the area of combined cu-mo-au soil anomalism."

Further Information

The Alpala Deposit is located on the Cascabel property within the Imbabura province of northern Ecuador, approximately 100km north of the capital city of Quito and approximately 50 km north-northwest of the provincial capital, Ibarra. The Alpala deposit occurs upon the northern section of the prolific Andean Copper Belt, renowned as the base for nearly half of the world's copper production. The project area hosts mineralisation of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project is a three-hour drive north of Quito, close to water, power supply and Pacific ports (Figure 1).

SolGold holds an 85% registered and beneficial interest in ENSA (Exploraciones Novomining S.A.) which holds 100% of the Cascabel tenement.

Drilling targets within the Cascabel concession comprise a cluster of Eocene aged porphyry deposits and prospects which include:

The world class Alpala deposit, incorporating several targets defined along The Greater Alpala Trend including Alpala Central, Alpala NW, Trivinio, Alpala Western Limb, Alpala SE, and Alpala South),
The Aguinaga Porphyry Copper-Gold Deposit,
Chinambicito and Parambas porphyry Copper-Gold prospects, and
Untested porphyry targets at Tandayama-America, Moran and Upper Moran (Figure 2).

Drilling has now commenced at the Tandayama-America porphyry copper-gold target, Cascabel utilising diamond drill rigs 5 and 6 of the Cascabel fleet, as part of the ongoing Cascabel Feasibility Sterilisation Program (Figure 3).

Rig 5 is drilling the first hole at Tandayama-America, TAD-20-001, and is at a current depth of 258m. Drilling has intersected visible chalcopyrite copper sulphide mineralisation from 55m depth, with additional visible molybdenite and sphalerite mineralisation occurring from 199m depth.

Rig 6 is drilling the second hole at Tandayama-America, TAD-20-002, and is at a current depth of 104m. Drilling has intersected visible chalcopyrite mineralisation from 44m depth, including trace visible bornite from 68m depth (Figure 4).

The Tandayama-America target is considered a high-quality porphyry target characterised by coincident Cu, Mo, Au, CuZn ratio, and MoMn ratio soil geochemical highs centred upon outcropping mineralisation in Tandayama and America creeks (Figure 5).

Rock-saw channel sampling over surface exposure in Tandayama Creek returned a significant assay result of 37m @ 0.25%CuEq (0.15Cu, 0.18 Au), where B-type porphyry quartz veins hosting chalcopyrite mineralisation were discovered at surface (Figure 6).

The Tandayama-America target remained untested previously due to the high demand of drilling rigs at the Alpala Deposit.

Figure 1: Location of Cascabel project in Imbabura Province, northern Ecuador, highlighting the significant capital advantages held by the project, with proximity to ports, road infrastructure, hydro-electric power stations and the trans-continental power grid.

Figure 2: Drilling targets within the Cascabel concession comprise a cluster of Eocene aged porphyry deposits and prospects which include the untested porphyry targets at Tandayama-America, Moran and Upper Moran.

Figure 3: Drill plan at the Tandayama-America Porphyry Copper-Gold Target, Cascabel Drilling showing planned and actual drill holes over background soil Mo anomalism. Two diamond drill rigs are now active as part of the ongoing Cascabel Feasibility Sterilisation Program. Rig 5 is drilling the first hole at Tandayama-America, TAD-20-001, and is at a current depth of 210m, whilst Rig 6 is drilling the second hole at Tandayama-America, TAD-20-002, and is at a current depth of 60m.

Figure 4: Selected drill core example of visible chalcopyrite-pyrite mineralisation, including trace visible bornite, at 68.8m depth in TAD-20-002.

Figure 5: The Tandayama-America target is characterised by coincident Cu, Mo, CuZn ratio and MoMn ratio soil geochemical highs centred upon outcropping mineralisation in Tandayama and America creeks.

Figure 6: Rock-saw channel sampling over surface exposure in Tandayama Creek returned a significant assay result of 37m @ 0.25%CuEq (0.15Cu, 0.18 Au). This work was completed in mid-2016 as part of routine exploration on the tenement where B-type porphyry quartz veins hosting chalcopyrite mineralisation were discovered at surface.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 until the release of this announcement.

Qualified Person:

Information in this report relating to the exploration results is based on data reviewed by Mr Jason Ward ((CP) B.Sc. Geol.), the Chief Geologist of the Company. Mr Ward is a Fellow of the Australasian Institute of Mining and Metallurgy, holds the designation FAusIMM (CP), and has in excess of 20 years' experience in mineral exploration and is a Qualified Person for the purposes of the relevant LSE and TSX Rules. Mr Ward consents to the inclusion of the information in the form and context in which it appears.

By order of the Board
Karl Schlobohm
Company Secretary

CONTACTS

Nicholas Mather

SolGold Plc (Chief Executive Officer) nmather@solgold.com.au

Tel: +61 (0) 7 3303 0665

Karl Schlobohm

SolGold Plc (Company Secretary)

kschlobohm@solgold.com.au

Tel: +61 (0) 7 3303 0661

Ingo Hofmaier

SolGold Plc (GM – Project & Corporate Finance) ihofmaier@solgold.com.au

Tel: +44 (0) 20 3823 2131

Fawzi Hanano / Eliza Michael

SolGold Plc (Investors / Media)

fhanano@solgold.com.au emichael@solgold.com.au

Tel: +44 (0) 20 3823 2131

Follow us on twitter @SolGold_plc

ABOUT SOLGOLD

SolGold is a leading resources company focussed on the discovery, definition and development of world-class copper and gold deposits. In 2018, SolGold's management team was recognised by the "Mines and Money" Forum as an example of excellence in the industry and continues to strive to deliver objectives efficiently and in the interests of shareholders. SolGold is the largest and most active concession holder in Ecuador and is aggressively exploring the length and breadth of this highly prospective and gold-rich section of the Andean Copper Belt.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.

Dedicated stakeholders

SolGold employs a staff of over 700 employees of whom 98% are Ecuadorean. This is expected to grow as the operations expand at Alpala, and in Ecuador generally. SolGold focusses its operations to be safe, reliable and environmentally responsible and maintains close relationships with its local communities. SolGold has engaged an increasingly skilled, refined and experienced team of geoscientists using state of the art geophysical and geochemical modelling applied to an extensive database to enable the delivery of ore grade intersections from nearly every drill hole at Alpala. SolGold has over 80 geologists on the ground in Ecuador exploring for economic copper and gold deposits.

About Cascabel and Alpala

The Alpala deposit is the main target in the Cascabel concession, located on the northern section of the heavily endowed Andean Copper Belt, the entirety of which is renowned as the base for nearly half of the world's copper production. The project area hosts mineralisation of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project base is located at Rocafuerte within the Cascabel concession in northern Ecuador, an approximately three-hour drive on sealed highway north of the capital Quito, close to water, power supply and Pacific ports.

Having fulfilled its earn-in requirements, SolGold is a registered shareholder with an unencumbered legal and beneficial 85% interest in ENSA (Exploraciones Novomining S.A.) which holds 100% of the Cascabel concession covering approximately 50km2. The junior equity owner in ENSA is required to repay 15% of costs since SolGold's earn in was completed, from 90% of its share of distribution of earnings or dividends from ENSA or the Cascabel concession. It is also required to contribute to development or be diluted, and if its interest falls below 10%, it shall reduce to a 0.5% NSR royalty which SolGold may acquire for US$3.5million.

Advancing Alpala towards development

The resource at the Alpala deposit contains a high-grade core which will be targeted to facilitate early cashflows and an accelerated payback of initial capital. SolGold is currently progressing its Pre-Feasibility Study and is fully funded through to development decision following the Net Smelter Royalty Financing with Franco-Nevada Corporation for US$100million. Franco-Nevada will receive a perpetual 1% NSR interest from the Cascabel licence area.

SolGold is currently assessing financing options available to the Company for the development of the Alpala mine following completion of the Definitive Feasibility Study.

SolGold's Regional Exploration Drive

SolGold is using its successful and cost-efficient blueprint established at Alpala, and Cascabel generally, to explore for additional world class copper and gold projects across Ecuador. SolGold is the largest and most active concessionaire in Ecuador.

The Company wholly owns four other subsidiaries active throughout the country that are now focussed on thirteen high priority gold and copper resource targets, several of which the Company believes have the potential, subject to resource definition and feasibility, to be developed in close succession or even on a more accelerated basis compared to Alpala.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG). The Company has on issue a total of 2,084,113,494 fully-paid ordinary shares and 112,275,000 share options.

Quality Assurance / Quality Control on Sample Collection, Security and Assaying

SolGold operates according to its rigorous Quality Assurance and Quality Control (QA/QC) protocol, which is consistent with industry best practices.

Primary sample collection involves secure transport from SolGold's concessions in Ecuador, to the ALS certified sample preparation facility in Quito, Ecuador. Samples are then air freighted from Quito to the ALS certified laboratory in Lima, Peru where the assaying of drill core, channel samples, rock chips and soil samples is undertaken. SolGold utilises ALS certified laboratories in Canada and Australia for the analysis of metallurgical samples.

Samples are prepared and analysed using 100g 4-Acid digest ICP with MS finish for 48 elements on a 0.25g aliquot (ME-MS61). Laboratory performance is routinely monitored using umpire assays, check batches and inter-laboratory comparisons between ALS certified laboratory in Lima and the ACME certified laboratory in Cuenca, Ecuador.

In order to monitor the ongoing quality of its analytical database, SolGold's QA/QC protocol encompasses standard sampling methodologies, including the insertion of certified powder blanks, coarse chip blanks, standards, pulp duplicates and field duplicates. The blanks and standards are Certified Reference Materials supplied by Ore Research and Exploration, Australia.

SolGold's QA/QC protocol also monitors the ongoing quality of its analytical database. The Company's protocol involves Independent data validation of the digital analytical database including search for sample overlaps, duplicate or absent samples as well as anomalous assay and survey results. These are routinely performed ahead of Mineral Resource Estimates and Feasibility Studies. No material QA/QC issues have been identified with respect to sample collection, security and assaying.

Reviews of the sample preparation, chain of custody, data security procedures and assaying methods used by SolGold confirm that they are consistent with industry best practices and all results stated in this announcement have passed SolGold's QA/QC protocol.

The data aggregation method for calculating Copper Equivalent (CuEq) for down-hole drilling intercepts and rock-saw channel sampling intervals are reported using copper equivalent (CuEq) cut-off grades with up to 10m internal dilution, excluding bridging to a single sample and with minimum intersection length of 50m.

Copper Equivalent is currently calculated (assuming 100% recovery of copper and gold) using a Gold Conversion Factor of 0.751 (CuEq = Cu + Au x 0.751), calculated from a current nominal copper price of US$3.30/lb and a gold price of US$1700/oz.

True widths of downhole intersections are not well constrained. Drill hole one was inclined -55degrees towards the east, and the interpreted trend of the Cacharposa Intrusive Complex and its associated porphyry copper-gold mineralisation is subvertical, dipping approximately 85-90 degrees to the west. The true width of down-hole intersections reported are therefore expected to be approximately 55-60% of the down-hole lengths.

See www.solgold.com.au for more information. Follow us on twitter @SolGold plc

CAUTIONARY NOTICE

News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.

Accordingly, the reader should not rely on any interpretations or forward-looking statements; and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.

This release may contain "forward‑looking information" within the meaning of applicable Canadian securities legislation. Forward‑looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. 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 state 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: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although 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. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR at www.sedar.com. 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.

The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis, and where possible aims to circulate all available material on its website.

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: SolGold PLC

ReleaseID: 620365

LONDON, UK / ACCESSWIRE / December 10, 2020 / Orosur Mining Inc (TSX:OMI)(AIM:OMI) announces that on 9 December 2020, Brad George, CEO of the Company, acquired 50,000 common shares of no par value each in the Company ("Common Shares"), Louis Castro, Non-Executive Chairman, acquired 47,000 Common Shares, and Thomas Masney (Non-Executive Director) acquired 10,000 Common Shares.

Following these purchases, Brad George is interested in 50,000 Common Shares, representing 0.03 per cent. of the Company's issued share capital, Louis Castro is interested in 47,000 Common Shares representing 0.03 per cent. of the Company's issued share capital, and Thomas Masney is interested in 10,000 Common Shares, representing 0.005 per cent. of the Company's issued share capital.

Exercise of options

The Company has also approved the issue of 100,000 Common Shares following the exercise of options by an employee.

Application has been made for the 100,000 Common Shares, which rank pari passu with the existing Common Shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will occur at 8:00am UK time on or around 15 December 2020.

Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have 187,158,753 Common Shares in issue. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the issued share capital of the Company.

Following Admission, the Company will have 2,748,315 options outstanding.

For further information, please contact:

Orosur Mining Inc
Louis Castro, Chairman,
Brad George, CEO
info@orosur.ca
Tel: +1 (778) 373-0100

SP Angel Corporate Finance LLP – Nomad & Joint Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470

Turner Pope Investments (TPI) Ltd – Joint Broker
Andy Thacker
Tel: +44 (0)20 3657 0050

Flagstaff Communications and Investor Communications
Tim Thompson
Mark Edwards
Fergus Mellon
orosur@flagstaffcomms.com
Tel: +44 (0)207 129 1474

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

About Orosur Mining Inc.

Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a precious metals developer and explorer focused on identifying and advancing gold projects in South America. The Company operates in Colombia and Uruguay.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

1. Brad George

2. Louis Castro

3. Thomas Masney

4. Joaquin Sarroca

2.

Details of PDMR / person closely associated with them ('PCA')

a)

Position / status

1. CEO

2. Non-Executive Chairman

3. Non-Executive Director

4. Legal counsel

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Orosur Mining Inc.

b)

LEI

213800CRYQM3M8G1OI19

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

c)

Description of the financial instrument

Common shares of no par value each

ISIN: CA6871961059

d)

Nature of the transaction

1, 2 and 3. Purchase of shares

4. Exercise of options

e)

Price(s) and volume(s)

Price(s)

Volume(s)

1. 19.872p

2. 20.15p

3. Cdn$ 0.34

4. Cdn$ 0.105

50,000

47,000

10,000

100,000

f)

Aggregated information

Aggregated volume

Price

See above.

g)

Date of the transaction

9 December 2020

h)

Place of the transaction

1,2 and 3. AIM

4. Off market transaction

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: Orosur Mining Inc

ReleaseID: 620293

VANCOUVER, BC / ACCESSWIRE / December 9, 2020 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN) is pleased to announce the issuance of shares to Alexco Resource Corp. (400,000 shares) and Victoria Gold Corp (750,000 shares). With these issuances, the Company has now completed the expenditures and share issuance to earn 51% of both the underlying McQuesten and Aurex properties, which form the core of the AurMac property.

"We are pleased to be able to formally announce earning 51% of the underlying properties of the AurMac Project", stated Tara Christie, President and CEO, "from the initial 903,945 oz inferred resources announced in May (see Table 2 below) to the ongoing 10,000 metre drill program, it has been a very productive year at AurMac which has seen us extend the size of both the Airstrip and Powerline Zones and carry out an initial drill program on the Aurex Hill target. I am encouraged that this year's results continue to reinforce the near-surface gold potential of the larger AurMac Property."

Banyan has also incurred a further $1.2M on the McQuesten property and $0.2M on the Aurex property towards the exploration commitments of the 75% earn in on the properties, which require $1M in expenditures on the McQuesten property and $3.5M on the Aurex Property.

Issuance of Stock Options

The Board of Directors of the Company announces the issuance of 2,010,000 stock options to purchase 2,010,000 shares at an exercise price of $0.23 per share, expiring 5 years from the date of the grant.

The stock options are being issued to consultants, directors and officers of the Company in connection with the Corporation's annual compensation review process. The options were granted under and are subject to the terms and conditions of the Company's stock option plan.

Upcoming Events

AME Roundup 2021 – Virtual Presentation January 21, 2021

Qualified Person

Paul D. Gray, P.Geo., Vice President of Exploration for the Company, is a "qualified person" as ‎defined under NI 43-101 and has reviewed and approved the content of this news release.‎

COVID-19 Update

Banyan has taken proactive measures to protect the health and safety of our employees and communities from COVID 19 and exploration activities in 2020 have additional safety measures in place, following and exceeding all the recommendations made by the Yukon's Chief Medical Officer.

About Banyan

Banyan's primary asset AurMac is adjacent to Victoria Gold's new Eagle Gold Mine, in Canada's Yukon Territory, which announced commercial production on July 1, 2020. The AurMac initial resource of 903,945 oz Au (see Table 2 below) was announced in May 2020. Our major strategic shareholders include Osisko Gold Royalties, Sprott Funds, Alexco Resource Corp., and Victoria Gold Corporation. Banyan is focused on gold exploration projects that have the geological potential, size of land package and proximity to infrastructure that is advantageous for a mineral project to have potential to become a mine. Our Yukon based projects both fit this model and our objective is to gain shareholder value by advancing projects in our pipeline.

The 173 sq km AurMac Property lies 40 km from Victoria Gold's Eagle Gold Mine and adjacent to Alexco 's Keno Hill Silver District and is highly prospective for structurally controlled, intrusion related gold-silver mineralization. The property is located adjacent to the main Yukon highway and just off the main access road to the Victoria Gold open-pit, heap leach Eagle Gold mine. The AurMac Property benefits from a 3-phase powerline, existing Yukon Energy Corp. switching power station and cell phone coverage. Banyan has optioned the properties from Victoria Gold and Alexco respectively with a right to earn up to a 100% subject to royalties.

The 2020 Initial Mineral Resource Estimate prepared in accordance with National Instrument 43-101 ("NI 43-101") guidelines for the AurMac Property is 903,945 ‎ounces of gold. It is a near surface, road accessible pit constrained Mineral Resource contained in two near/on-surface deposits: The Airstrip and Powerline deposits. The Mineral Resource is summarized in Table 2 below.

Table 2: Pit-Constrained Inferred Mineral Resources at a 0.2 g/t Au Cut-Off – AurMac Property

Deposit

Classification

Tonnage
Tonnes

Average Au Grade
g/t

Au Content
oz.

Airstrip

Inferred

45,997,911

0.524

774,926

Powerline

Inferred

6,578,609

0.610

129,019

Total Combined

Inferred

52,576,520

0.535

903,945

Notes: ‎

The effective date for the Mineral Resource is May 25, 2020.
Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.
The CIM definitions were followed for classification of Mineral Resources. The quantity and grade of reported inferred Mineral Resources in this estimation are uncertain in nature ‎and there has been insufficient exploration to define these inferred Mineral Resources as an ‎indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an ‎indicated or measured Mineral Resource category.
Mineral Resources are reported at a cut-off grade of 0.2 g/t Au, using a US$/CAN$ exchange rate of 0.75 and constrained within an open pit shell optimized with the Lerchs-Grossman algorithm to constrain the Mineral Resources with the following estimated parameters: gold price of US$1,500/ounce, US$1.50/t mining cost, US$2.00/t processing cost, US$2.50/t G+A, 80% heap leach recoveries, and 45° pit slope.
Mineral Resource Estimate prepared in accordance with 43-101 guidelines by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc, with technical report filed July 7,2020.

The Hyland Gold Project, located 70 km NE of Watson Lake, Yukon, along the southeast end of the Tintina Gold Belt is a sediment hosted, structurally controlled, intrusion related gold deposit, with a large land package (over 125 sq km), with the resource contained in the Main Zone area (900x600m) daylighting at surface and numerous other known surface gold targets. The Main Zone oxide zone is amenable to heap leach open pit mining, with column leach recoveries of 86%. The project has an existing gravel access road.

Table 3 shows the Hyland Main Zone Indicated Gold Resource Estimate, prepared in accordance with NI 43-101, at a 0.3 g/t gold equivalent cutoff, contains 8.6 million tonnes grading 0.85 g/t AuEq for 236,000 AuEq ounces with an Inferred Mineral Resource of 10.8 million tonnes grading 0.83 g/t AuEq for 288,000 AuEq ounces. NI 43-101 prepared by Robert Carne, Allan Armitage and Paul Gray on May 1, 2018.

Table 3: Hyland Main Zone Indicated Gold Resource Estimate

Cut-off Grade

(AuEq g/t)

In situ Tonnes

Au

Ag

AuEq

Grade (g/t)

Ozs

Grade (g/t)

Ozs

Grade (g/t)

Ozs

Indicated

0.3

8,637,000

0.78

216,000

7.04

1,954,000

0.85

236,000

Inferred

0.3

10,784,000

0.77

266,000

5.32

1,845,000

0.83

288,000

Notes: ‎

Mineral resources which are not mineral reserves do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate.
Mineral resources are reported at a cut-off grade of 0.3 g/t AuEq. AuEq grade is based on $1,350.00/oz Au, $17.00/oz Ag and assumes a 100% recovery. The AuEq calculation does not apply any adjustment factors for difference in metallurgical recoveries of gold and silver. This information can only be derived from definitive metallurgical testing which has yet to be completed.

Banyan trades on the TSX-Venture Exchange under the symbol "BYN". For more information, please visit the corporate website at www.BanyanGold.com or contact the Company.

ON BEHALF OF BANYAN GOLD CORPORATION

(signed) "Tara Christie"
Tara Christie
President & CEO

For more information, please contact:

Tara Christie
Tel: (888) 629-0444
Email: tchristie@banyangold.com

David Rutt
Tel: (888) 629-0444
Email: drutt@banyangold.com

CAUTIONARY STATEMENT: Neither the 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the ‎‎information contained herein. ‎

FORWARD-LOOKING INFORMATION: This news release contains forward-looking information, which is not ‎‎comprised of historical facts. Such information can generally be identified by the use of forwarding-looking wording ‎‎such as "may", "will", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or ‎‎similar variations. Forward-looking information involves risks, uncertainties and other factors that could cause ‎‎actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied ‎‎by such forward-looking information. Forward looking information in this news release includes, but is not limited to, ‎statements relating to future outlook and anticipated events such as: ‎potential quantity and/or grade of minerals; ‎potential size and expansion of a mineralized zone, including ‎the potential to expand Powerline gold ‎mineralization; the discovery of additional near-surface gold resources; Banyan's objectives, goals ‎or future plans; ‎statements regarding exploration expectations; proposed timing and descriptions of exploration or development ‎plans, including drilling programs; and mineral ‎resource estimates. Factors that could cause actual results to differ ‎materially from such forward-looking information ‎include, but are not limited to, uncertainties inherent in resource ‎estimates, 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, ‎enhanced risks inherent to conducting business in any jurisdiction, ‎and those risks set out in Banyan's public ‎documents filed on SEDAR. Although Banyan believes that the ‎assumptions and factors used in preparing the ‎forward-looking information in this news release are reasonable, ‎undue reliance should not be placed on such ‎information, which only applies 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. Banyan disclaims ‎any intention or obligation to update or revise any ‎forward-looking information, whether as a result of new ‎information, future events or otherwise, other than as ‎required by law. ‎

SOURCE: Banyan Gold Corp.

ReleaseID: 620070

Board Committee Update and Senior Independent Director Change

BISHOPSGATE, LONDON / ACCESSWIRE / December 8, 2020 / The Board of SolGold Plc (LSE:SOLG)(TSX:SOLG) is pleased to advise of the following initiatives undertaken as part of the Company's continued Corporate Governance enhancement programme towards compliance with the UK Corporate Governance Code, and following the recent appointment of independent Non-Executive Directors Kevin O'Kane, Maria Amparo Alban and Keith Marshall.

Board Committee Memberships

With the appointment of the abovementioned Directors in October, the July 2020 appointment of Elodie Grant Goodey, and the pending retirement of Robert Weinberg at the upcoming 2020 AGM, the Board has determined to reconstitute its Committee memberships as follows:

Audit & Risk Management Committee

Elodie Grant Goodey (Chair)
Keith Marshall
Maria Amparo Alban

Remuneration Committee

Keith Marshall (Chair)
Liam Twigger
Elodie Grant Goodey

Nominations Committee

Kevin O'Kane (Chair)
Brian Moller
Nicholas Mather
Liam Twigger

Alpala Project Committee (Members from Board)

Keith Marshall (Chair)
Kevin O'Kane
Nicholas Mather
Jason Ward

Formation of Health, Safety, Environment and Community (HSEC) Committee

The functions and responsibilities of the HSEC Committee have to date been undertaken by the full Board of the Company. However, the Board has now determined that a separate Committee be formed in order to focus more clearly on strategic goals and projects. . The membership of the HSEC Committee is as follows:

Elodie Grant Goodey (Chair)
Jason Ward
Maria Amparo Alban
Kevin O'Kane

The responsibilities of this Committee include, among others:

being familiar with and shaping the Company's policies, objectives, and guidelines on environmental, health, safety, and community relations matters,
analysing and reporting to the Board of Directors on the expectations of the Company's various stakeholders, and
supervising the relations with them.

Moreover, it proposes to the Board of Directors the approval of HSEC policies and reviews and evaluates the management and control systems for non-financial risks.

The full Charter for the HSEC Committee is available on the Company's website, as part of its Corporate Governance disclosures.

Senior Independent Director

With the pending retirement of Robert Weinberg at the Company's upcoming 2020 AGM, Elodie Grant Goodey has agreed to become the Company's Senior Independent Director with effect from 18 December 2020. Mrs Grant Goodey is an independent UK-based Non-Executive Director with extensive experience in social risk assessment, stakeholder engagement, social performance, tax transparency and human rights in diverse environments often related to emerging markets.

***** ***** *****

SolGold continues to consult with institutional investors and stakeholders as part of its ongoing Corporate Governance Roadshow to provide feedback and updates on changes and developments still to come. The Company is continuing on its journey toward compliance with the UK Corporate Governance Code and is adjusting and implementing new internal policies and principles to its remuneration function. These changes are currently in progress and will better align Executive remuneration to organisational performance.

The Company is also re-evaluating the structure and membership composition of the Audit and Risk Committee to further align with best practice as part of the Corporate Governance enhancement programme and will update the market on this in due course.

By order of the Board

Karl Schlobohm

Company Secretary

CONTACTS

Nicholas Mather

SolGold Plc (Chief Executive Officer) nmather@solgold.com.au

Tel: +61 (0) 7 3303 0665

Karl Schlobohm

SolGold Plc (Company Secretary)

kschlobohm@solgold.com.au

Tel: +61 (0) 7 3303 0661

Ingo Hofmaier

SolGold Plc (GM – Project & Corporate Finance) ihofmaier@solgold.com.au

Tel: +44 (0) 20 3823 2131

Eliza Michael / Fawzi Hanano

SolGold Plc (PR / IR)

emichael@solgold.com.au fhanano@solgold.com.au

Tel: +44 (0) 20 3823 2131

Follow us on twitter @SolGold_plc

ABOUT SOLGOLD

SolGold is a leading resources company focussed on the discovery, definition and development of world-class copper and gold deposits. In 2018, SolGold's management team was recognised by the "Mines and Money" Forum as an example of excellence in the industry and continues to strive to deliver objectives efficiently and in the interests of shareholders. SolGold is the largest and most active concession holder in Ecuador and is aggressively exploring the length and breadth of this highly prospective and gold-rich section of the Andean Copper Belt.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.

Dedicated stakeholders

SolGold employs a staff of over 700 employees of whom 98% are Ecuadorean. This is expected to grow as the operations expand at Alpala, and in Ecuador generally. SolGold focusses its operations to be safe, reliable and environmentally responsible and maintains close relationships with its local communities. SolGold has engaged an increasingly skilled, refined and experienced team of geoscientists using state of the art geophysical and geochemical modelling applied to an extensive database to enable the delivery of ore grade intersections from nearly every drill hole at Alpala. SolGold has over 80 geologists on the ground in Ecuador exploring for economic copper and gold deposits.

About Cascabel and Alpala

The Alpala deposit is the main target in the Cascabel concession, located on the northern section of the heavily endowed Andean Copper Belt, the entirety of which is renowned as the base for nearly half of the world's copper production. The project area hosts mineralisation of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project base is located at Rocafuerte within the Cascabel concession in northern Ecuador, an approximately three-hour drive on sealed highway north of the capital Quito, close to water, power supply and Pacific ports.

Having fulfilled its earn-in requirements, SolGold is a registered shareholder with an unencumbered legal and beneficial 85% interest in ENSA (Exploraciones Novomining S.A.) which holds 100% of the Cascabel concession covering approximately 50km2. The junior equity owner in ENSA is required to repay 15% of costs since SolGold's earn in was completed, from 90% of its share of distribution of earnings or dividends from ENSA or the Cascabel concession. It is also required to contribute to development or be diluted, and if its interest falls below 10%, it shall reduce to a 0.5% NSR royalty which SolGold may acquire for US$3.5million.

Advancing Alpala towards development

The resource at the Alpala deposit contains a high-grade core which will be targeted to facilitate early cashflows and an accelerated payback of initial capital. SolGold is currently progressing its Pre-Feasibility Study and is fully funded through to development decision following the Net Smelter Royalty Financing with Franco-Nevada Corporation for US$100million. Franco-Nevada will receive a perpetual 1% NSR interest from the Cascabel licence area.

SolGold is currently assessing financing options available to the Company for the development of the Alpala mine following completion of the Definitive Feasibility Study.

SolGold's Regional Exploration Drive

SolGold is using its successful and cost-efficient blueprint established at Alpala, and Cascabel generally, to explore for additional world class copper and gold projects across Ecuador. SolGold is the largest and most active concessionaire in Ecuador.

The Company wholly owns four other subsidiaries active throughout the country that are now focussed on thirteen high priority gold and copper resource targets, several of which the Company believes have the potential, subject to resource definition and feasibility, to be developed in close succession or even on a more accelerated basis compared to Alpala.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG). The Company has on issue a total of 2,084,113,494 fully-paid ordinary shares and 112,275,000 share options.

Quality Assurance / Quality Control on Sample Collection, Security and Assaying

SolGold operates according to its rigorous Quality Assurance and Quality Control (QA/QC) protocol, which is consistent with industry best practices.

Primary sample collection involves secure transport from SolGold's concessions in Ecuador, to the ALS certified sample preparation facility in Quito, Ecuador. Samples are then air freighted from Quito to the ALS certified laboratory in Lima, Peru where the assaying of drill core, channel samples, rock chips and soil samples is undertaken. SolGold utilises ALS certified laboratories in Canada and Australia for the analysis of metallurgical samples.

Samples are prepared and analysed using 100g 4-Acid digest ICP with MS finish for 48 elements on a 0.25g aliquot (ME-MS61). Laboratory performance is routinely monitored using umpire assays, check batches and inter-laboratory comparisons between ALS certified laboratory in Lima and the ACME certified laboratory in Cuenca, Ecuador.

In order to monitor the ongoing quality of its analytical database, SolGold's QA/QC protocol encompasses standard sampling methodologies, including the insertion of certified powder blanks, coarse chip blanks, standards, pulp duplicates and field duplicates. The blanks and standards are Certified Reference Materials supplied by Ore Research and Exploration, Australia.

SolGold's QA/QC protocol also monitors the ongoing quality of its analytical database. The Company's protocol involves Independent data validation of the digital analytical database including search for sample overlaps, duplicate or absent samples as well as anomalous assay and survey results. These are routinely performed ahead of Mineral Resource Estimates and Feasibility Studies. No material QA/QC issues have been identified with respect to sample collection, security and assaying.

Reviews of the sample preparation, chain of custody, data security procedures and assaying methods used by SolGold confirm that they are consistent with industry best practices and all results stated in this announcement have passed SolGold's QA/QC protocol.

The data aggregation method for calculating Copper Equivalent (CuEq) for down-hole drilling intercepts and rock-saw channel sampling intervals are reported using copper equivalent (CuEq) cut-off grades with up to 10m internal dilution, excluding bridging to a single sample and with minimum intersection length of 50m.

Copper Equivalent is currently calculated (assuming 100% recovery of copper and gold) using a Gold Conversion Factor of 0.751 (CuEq = Cu + Au x 0.751), calculated from a current nominal copper price of US$3.30/lb and a gold price of US$1700/oz.

True widths of downhole intersections are not well constrained. Drill hole one was inclined -55degrees towards the east, and the interpreted trend of the Cacharposa Intrusive Complex and its associated porphyry copper-gold mineralisation is subvertical, dipping approximately 85-90 degrees to the west. The true width of down-hole intersections reported are therefore expected to be approximately 55-60% of the down-hole lengths.

See www.solgold.com.au for more information. Follow us on twitter @SolGold plc

CAUTIONARY NOTICE

News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.

Accordingly, the reader should not rely on any interpretations or forward-looking statements; and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.

This release may contain "forward‑looking information" within the meaning of applicable Canadian securities legislation. Forward‑looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. 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 state 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: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although 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. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR at www.sedar.com. 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.

The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis, and where possible aims to circulate all available material on its website.

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: SolGold PLC

ReleaseID: 619943

Appointment of Non-Executive Director

EASTLEIGH, UK / ACCESSWIRE / December 8, 2020 / i3 Energy plc (AIM:I3E)(TSX:ITE) is pleased to announce that, following the completion of regulatory due diligence and as outlined in the Company's admission document of 13th October 2020, John Festival has been appointed to the board of directors with immediate effect.

Majid Shafiq, CEO, commented:

"We are pleased to announce the appointment of John to our board. His knowledge and experience operating in the Canadian oil and gas sector will be invaluable as we look to optimise and grow our Canadian business."

A list of Mr. Festival's current directorships together with those held within the last five years is set out below. John Larry Festival (aged 59) owns 64,798 ordinary shares in the Company (representing 0.009% of the Company's issued ordinary shares) and as per the plan announced in the Admission Document dated 11th August 2020, has been granted today 134,262 Re-priced options1 with an exercise price of £0.0001. Mr Festival has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Current Directorships

Athabasca Oil Corporation
Broadview Energy Ltd.
Compass Compression Holdings Ltd.
Gibson Energy Inc.

Previous Directorships (within 5 years)

BlackPearl Resources Inc.
International Petroleum Corp
Toscana Energy Income Corporation

Footnote:

1. As announced in the 11th August 2020 Admission Document, a proportion of the Re-priced options (as defined in the Admission Document) were reserved for former Toscana Energy Income Corporate (TEIC) employees who were expected to join i3 Energy plc following completion of the acquisition of TEIC.

CONTACT DETAILS:

i3 Energy plc

Majid Shafiq (CEO) / Graham Heath (CFO)

c/o Camarco

Tel: +44 (0) 203 781 8331

WH Ireland Limited (Nomad and Joint Broker)

James Joyce, James Sinclair-Ford

Tel: +44 (0) 207 220 1666

Canaccord Genuity Limited (Joint Broker)

Henry Fitzgerald- O'Connor, James Asensio

Tel: +44 (0) 207 523 8000

Mirabaud Securities Limited (Joint Broker)

Peter Krens

Tel: +44 (0) 203 167 7221

Camarco

Georgia Edmonds, James Crothers, Violet Wilson

Tel: +44 (0) 203 781 8331

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: i3 Energy PLC

ReleaseID: 619922

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

VANCOUVER, BC / ACCESSWIRE / December 7, 2020 / ECC Ventures 2 Corp. ("ECC2" or the "Company") (TSXV:ETWO.P) is pleased to announce that it has entered into a definitive amalgamation agreement (the "Amalgamation Agreement") dated effective December 4, 2020, pursuant to which it will acquire (the "Acquisition"), through its newly formed subsidiary, all the issued and outstanding share capital of Infield Minerals Corp. ("Infield"). The Acquisition will constitute a reverse take-over and the Company's qualifying transaction under the policies of the TSX Venture Exchange (the "Exchange"). Upon closing, ECC2 will change its name to Infield Minerals Corp.

The Acquisition will be completed by way of an amalgamation pursuant to which, inter alia, (i) ECC2 will complete a share consolidation on a 2.25 to 1 basis (the "Consolidation"), and (ii) shareholders of Infield will be issued an aggregate of 35,268,975 post-Consolidation common shares of ECC2 as consideration in exchange for their shares of Infield.

Upon closing of the Acquisition, current securityholders of ECC2 will own 2,600,000 post-Consolidation common shares, 888,888 of which will be subject to escrow provisions pursuant to the policies of the Exchange, and 251,111 stock options exercisable at $0.225 per post-consolidation common share (111,111 exercisable until April 18, 2023 and 140,000 exercisable until ninety days from closing of the Acquisition), subject to the provisions of the Company's stock option plan.

Infield is a private company incorporated pursuant to the laws of British Columbia on March 25, 2019. Infield's principal asset is the Mercury One Property (the "Property") in the state of Nevada, USA. Infield also has an option on an additional silver-gold project in Nevada (the "Bandit Property").

For the period of incorporation on March 25, 2019 to December 31, 2019 (unaudited), Infield had assets of $nil, liabilities of $599 and a working capital deficit of $599. For the interim period ended September 30, 2020 (unaudited), Infield had current assets of $1,600,655, fixed assets of $302,740, liabilities of $99,031, and working capital of $1,501,624.

As a condition to completing the Acquisition, the parties intend to complete a private placement financing (the "QT Financing") of subscription receipts through the Company's subsidiary (collectively, the "Subscription Receipts"), to raise minimum aggregate gross proceeds of $3,000,000, the terms of which will be determined in the context of the market. The proceeds of the QT Financing will be held in escrow, pending the Company receiving all applicable regulatory approvals, and completing all matters and conditions relating to the Acquisition, including the Consolidation. Upon satisfaction of the escrow conditions, each Subscription Receipt will automatically convert, for no additional consideration, into post-Consolidation securities of the Company. In the event that the Acquisition is not completed, each Subscription Receipt will be cancelled, and the subscription funds will be returned to the subscribers. The Company may pay a commission in connection with the QT Financing, in accordance with the policies of the Exchange. Once released from escrow, the Resulting Issuer will use the proceeds of the QT Financing for the proposed phase 1 exploration program on the Property, and for general working capital purposes.

A copy of the Amalgamation Agreement will be filed and will be accessible under ECC2's profile on SEDAR (www.sedar.com), and in connection with the Acquisition and pursuant to the requirements of the Exchange, ECC2 will also file on SEDAR a filing statement which will contain details regarding the Acquisition, ECC2, Infield and the Resulting Issuer.

Completion of the Acquisition is subject to a number of conditions, including Exchange acceptance, and completion of the QT Financing. Trading of ECC2's common shares will remain suspended until completion of the proposed Acquisition. The Acquisition is an Arm's Length Qualifying Transaction under the policies of the Exchange.

ECC2 intends to issue a subsequent press release in accordance with the policies of the Exchange providing further details in respect of the QT Financing.

For more information please contact Scott Ackerman, the CEO, CFO and a director of the Company, at 778-331-8505 or email: sackerman@emprisecapital.com.

On Behalf of the Board of Directors of ECC Ventures 2 Corp.

Scott Ackerman
Director

Completion of the Acquisition is subject to a number of conditions, including, among others, Exchange acceptance and if applicable pursuant to TSXV Requirements, majority of the minority shareholder approval. Where applicable, the Acquisition cannot close until the required approvals are obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the Acquisition, any information released or received with respect to the Qualifying Transaction or the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of ECC2 should be considered highly speculative.

The TSXV has in no way passed upon the merits of the proposed Acquisition and has neither approved nor disapproved the contents of this news release.

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.

Forward-Looking Statements

Statements included in this announcement, including statements concerning our and Infield's plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward-looking statements include, among other matters, the terms and timing of the Acquisition and the QT Financing, the growth plans of Infield and statements concerning the Company following the Acquisition. Forward‐looking statements may be, but are not always, identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's and Infield's future operations and business prospects, are subject to certain risks and uncertainties (including risks that the Acquisition does not proceed, or proceed on the expected terms, geopolitical risk, regulatory, Covid-19 and exchange rate risk) that could cause actual results to differ materially from those indicated in the forward‐looking statements. There can be no assurance that any forward-looking statement will prove to be accurate or that management's assumptions underlying such statements, including assumptions concerning the Acquisition or future developments, circumstances or results will materialize. The forward-looking statements included in this news release are made as of the date of this new release and the Company does not undertake to update or revise any forward-looking information included herein, except in accordance with applicable securities laws.

ECC VENTURES 2 CORP.
Suite 1600, 609 Granville Street
Vancouver, BC V7Y 1C3
Telephone: 1-778-331-8505

SOURCE: ECC Ventures 2 Corp.

ReleaseID: 619820

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

VANCOUVER, BC / ACCESSWIRE / December 7, 2020 / Tracesafe Inc. ("TraceSafe") (CSE:TSF) a global leader wearable safety tech including contact tracing and self-quarantine management, is pleased to announce that TraceSafe's wearable technology products will be available for nationwide sales and marketing support for TELUS (T)(TU) corporate customers via the TELUS IoT Marketplace.

The TELUS IoT Marketplace is an advanced B2B resource that enables corporate customers across the markets served by TELUS to leverage the connected solutions that are available through the TELUS partner network. TELUS supports the growth of the IoT ecosystem in Canada by helping businesses develop, connect and deploy connected technologies. TELUS has a dedicated IoT network built exclusively to connect IoT devices, core Cloud datacenter offerings to host device-to-cloud SaaS products such as TraceSafe Cloud, and a dedicated corporate sales team to support growth.

Andrew Turner, TELUS VP Strategic Operations, stated: "Advancing our connected worker product offerings is a top priority for TELUS in the IoT space and we are seeing strong and growing demand from our customers for wearable health and safety technology, in particular. TraceSafe's innovative, globally deployed solutions are an excellent complement to our current product offering in this space and their versatility aligns well with the demand we anticipate seeing in post-COVID verticals."

Wayne Lloyd, the CEO of TraceSafe, stated: "Working with TELUS has already yielded some amazing results from both new customers and innovative connectivity solutions. TELUS is a leader in IoT, connectivity, and has a datacenter strategy with both national reach and geographic diversity that our customers need. We're thankful to have TELUS as a supporter of our growth and we see TELUS as the ideal platform partner."

About TELUS

TELUS (T)(TU) is a dynamic, world-leading communications and information technology company with $15.3 billion in annual revenue and 15.7 million customer connections spanning wireless, data, IP, voice, television, entertainment, video and security. We leverage our global-leading technology to enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. TELUS Health is Canada's largest healthcare IT provider, and TELUS International delivers the most innovative business process solutions to some of the world's most established brands.

Driven by our passionate social purpose to connect all Canadians for good, our deeply meaningful and enduring philosophy to give where we live has inspired our team members and retirees to contribute more than $700 million and 1.3 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world.

About TraceSafe

TraceSafe (CSE:TSF) is a full suite of real-time location management services and contact tracing solutions enabled through advanced low power bluetooth beacons and enterprise cloud management. TraceSafe's leading cloud management solution ensures both user privacy and comprehensive administrative control. TraceSafe's patented contact tracing bracelet has already been deployed in mission critical quarantine applications around the world in partnership with leading governments. In addition to their government work, TraceSafe is developing leading edge solutions for Enterprise, Healthcare, Education, Government and large-scale venue management.

For further information, please contact:

Wayne Lloyd, CEO
+1 (604) 629-9975
wayne@tracesafe.io

Alan Tam, CFO
+1 (604) 377‐7575
alan@tracesafe.io

John Costigan
+1 (604) 620-8589
jcostigan@ecmbcapital.com

The Canadian Securities Exchange has in no way approved or disapproved the contents of this news release.

Statements in this news release may contain forward-looking statements that are based on TraceSafe's expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to expectations regarding the TraceSafe assets and their application, future business plans and relationships, future developments in respect of COVID-19 and solutions adopted in response to the virus, and the deployment and acceptance of the TraceSafe technology. Although TraceSafe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict, including the suitability of our products to help businesses and governments reopen, competition, the spread or containment of COVID-19 and government responses thereto and general economic and market conditions. Therefore, outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and TraceSafe undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law.

SOURCE: TraceSafe Inc.

ReleaseID: 619742

VANCOUVER, BC / ACCESSWIRE / December 7, 2020 / Pacific Frontier Investments Inc. ("PFI") is pleased to announce that it has closed 2 acquisitions of Campgrounds and RV Parks as part of its plan to create a chain of modern-day family holiday parks known as Pathfinder Camp Resorts. PFI also announces that it has increased its previously announced private placement from $2.1 million to $4.9 million.

PFI has added two locations in southern British Columbia to its brand of Pathfinder Camp Resorts. The locations are strategically located in regions with high tourism and are also within the Lower Mainland of British Columbia which offers a favourable climate, suitable for popular winter stay RV programs.

Pathfinder Camp Resorts, Agassiz, BC

Located only minutes from major attractions, the Agassiz / Harrison location will offer short term, full hook-up RV pads as well as unique hard roof cabin accommodations. The property is currently undergoing improvements to create the desired camp resort experience. Amenities such as a swimming pool, children's adventure playground, gardens, free high-speed Wi-Fi and a small store with snacks, beverages and merchandise for campers will be available at all Pathfinder Camp Resort locations. It is anticipated that reservations will open mid-January where campers can start booking for spring and summer stays.

Pathfinder Camp Resorts, Fort Langley (The Fort Camping)

Downtown Fort Langley is only a short walk across the Fraser River bridge from the Fort Camping, which is now part of the Pathfinder Camp Resorts offering. With over 155 rentable short term RV pads, as well as tent cabins, Fort Camping is located in the heart of a fast growing and popular tourist town which offers endless activities onsite as well as fine dining and shopping experiences nearby. Pathfinder Camp Resorts operate Fort Camping under license granted by Metro Vancouver Regional district.

PFI is committed to the growth and expansion of its Pathfinder Camp Resorts brand and has several acquisitions in its pipeline that meet the brand's criteria. PFI plans to acquire another location in Parksville, BC before years end, which will offer 150+ sites and a similar camp resort experience for Vancouver Island campers.

Private Placement Increased

PFI has increased the previously announced non-brokered private placement from $2,100,000 to $4,900,000. The terms of the non-brokered private placement remain unchanged whereby the Company is offering up to 70 million Common Shares at a price of $0.07 per share for gross proceeds of up to $4,900,000. The proceeds of the Private Placement will be used to fund the purchase and site upgrades of the RV parks and campgrounds in southern British Columbia and for general working capital of the Resulting Issuer.

Update on Qualifying Transaction with Discovery One Investments Corp. (TSXV: DOIT.P) "DOIT"

PFI's plans to list on the TSX Venture Exchange remain on track where the arrangement will represent a Reverse-Take-Over transaction of DOIT by PFI. The amalgamation is expected to close on or about Feb. 28, 2021. Trading in DOIT's shares will remain halted until completion of the amalgamation. Complete details regarding PFI, the amalgamation and the financing will be contained in a filing statement which will be filed on SEDAR prior to closing.

For further information, please contact:

Pacific Frontier Investments Inc.

Joe Bleackley- Chief Executive Officer, Founder and Director
Phone: (604) 914-2575
Email: ir@pacificfrontier.co

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Information Cautionary Statement

This news release contains forward-looking statements relating to the timing and completion of the Transaction, 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 the Transaction and the 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. Important factors that could cause actual results to differ materially from the Corporation's expectations include the failure to satisfy the conditions to completion of the Transaction set forth above and other risks detailed from time to time in the filings made by the Corporation with securities regulations.

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 the Corporation. As a result, the Corporation cannot guarantee that the Transaction will be completed on the terms and within the time disclosed herein or at all. 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 the Corporation will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

In the case of PFI, this news release includes certain "forward-looking statements" which are particular to PFI and are not comprised of historical facts. Forward-looking statements include estimates and statements that describe PFI's future plans, objectives or goals, including words to the effect that PFI or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to PFI, PFI provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, PFI's objectives, goals or future plans, statements, its projected revenues and earnings, and anticipated future growth in new markets. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of the PFI to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in PFI's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect PFI' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties; the economic circumstances surrounding PFI's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks to be disclosed in the filing statement or other disclosure document to be prepared in connection with the Transaction. Although PFI believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies 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. PFI disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Pacific Frontier Investments Inc.

ReleaseID: 619715

TORONTO, ON / ACCESSWIRE / December 7, 2020 / AurCrest Gold Inc. (the "Company" or "AurCrest") (TSXV:AGO) is pleased to announce the closing of the $700,000 brokered private placement (the "Offering") announced on November 19, 2020 with the issuance of 11,666,667 working capital units (the "WC Units") of the Company at a price of $0.06 per WC Unit for gross proceeds of $700,000. The Offering was led on a best-efforts basis by IBK Capital.

Each WC Unit consists of one (1) common share of the Company priced at $0.06 per common share and one-half (0.5) of a common share purchase warrant with each full warrant (each a "WC Warrant") entitling the holder to acquire one (1) common share until December 4, 2022.

The Company paid IBK Capital a commission of $49,000.00 cash and issued 1,166,666 broker warrants ("Broker Warrants"). Each Broker Warrant entitles the holder to acquire a WC Unit until December 4, 2022 at a price of $0.06 per Broker Warrant.

All securities issued are subject to a statutory hold period expiring on April 5, 2021.

AurCrest Gold is a leader in the First Nations advancement into shared participation and inclusion in the regional mining opportunities and counts as its board of directors and management, past and present, many indigenous business and cultural leaders. AurCrest is proud to play a leading role in the gold exploration of Northwestern Ontario, especially in the Birch-Uchi Greenstone Belt and the Red Lake mining district, as it forges new business relationships between Canada's founding cultures.

About IBK Capital Corp.
IBK Capital is an independent and privately owned investment banking firm which offers a full range of financial advisory services. Such services include private placements of equity and debt, going public by way of reverse take-over, merger, acquisition and divestiture advisory services, valuations, fairness opinions and take-over defence planning. The Firm's corporate objective is to provide the highest quality independent financial advisory services to its clients.

About AurCrest Gold Inc.
AurCrest is a mineral exploration company focused on the acquisition, exploration, and development of gold properties. AurCrest has a portfolio of properties in Ontario, which include the Richardson Lake and Bridget Lake gold properties.

FOR FURTHER INFORMATION PLEASE CONTACT:

AurCrest Gold Inc.
Christopher Angeconeb
President and CEO
(807) 737-5353
christopherangeconeb@gmail.com

Ian Brodie-Brown
Director of Business Development
(416) 844-9969
ianbrodiebrown@gmail.com

Forward-Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. AurCrest undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

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: AurCrest Gold Inc.

ReleaseID: 619613