NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS (AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933 (AS AMENDED)) OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.

Share placement raises £4 million
Appointment of joint broker
Drilling commenced in Colombia

LONDON, UK / ACCESSWIRE / November 30, 2020 / Orosur Mining Inc. ("Orosur" or the "Company") (TSX:OMI)(AIM:OMI), announces that it has raised the sum of £4 million (before expenses) through an oversubscribed placing of 23,529,412 new common shares of no par value ("Placing Shares" or "New Common Shares") at a price of 17 pence per Placing Share ("Placing Price"), together with a grant of one unlisted warrant ("Warrant") for every two Placing Shares subscribed for (together the "Placing"). Completion of the Placing is subject amongst other things to admission of the New Common Shares to trading on AIM ("Admission").

The net proceeds of the Placing will be used to fund the general working capital of the Company, to strengthen the Company's position in relation to the Anzá project and to allow the Company to evaluate and potentially pursue other attractive exploration projects.

Details of the Placing

The Placing Price represents a discount of approximately 22 per cent. to the 5 day VWAP of the common shares up to and including 27 November 2020, and a discount of approximately 30 per cent to the closing mid-market price of 24.5 pence per common share on 27 November 2020, being the last trading day prior to the release of this announcement of the Placing.

The Placing Shares will, when issued, represent approximately 14.4 per cent of the existing common shares and will represent approximately 12.6 per cent. of the enlarged share capital of the Company.

Appointment of Joint Broker

The Placing was undertaken by Turner Pope Investments (TPI) Ltd ("Turner Pope or TPI"), which has been appointed as Joint Broker to the Company.

Placing Agreement, Admission and Total Voting Rights

The Company and Turner Pope have entered into a placing agreement ("Placing Agreement") pursuant to which Turner Pope agreed to use its reasonable endeavours to procure placees pursuant to the Placing. The Placing Agreement contains certain warranties and indemnities given by the Company in favour of Turner Pope. It also contains provisions entitling Turner Pope to terminate the Placing Agreement prior to Admission if, among other things, a breach of any of the warranties occurs.

Completion of the Placing is subject amongst other things to the 23,529,412 New Common Shares being admitted to trading on AIM and is also conditional upon the Placing Agreement becoming unconditional in all respects and not being terminated in accordance with its terms. Application will be made for Admission. It is expected that Admission will become effective at 8.00am (GMT) on or around 7 December 2020. The Company has relied upon the exemption described in Section 602.1 of the TSX Company Manual with respect to TSX private placement rules since the Company qualifies as an Eligible Interlisted Issuer.

Following the issue of the 23,529,412 New Common Shares, which on Admission will rank pari passu with the existing common shares, the total number of common shares in issue with voting rights in the Company will be 187,058,753.

The above figure of 187,058,753 common shares may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Principal Terms of the Warrants

The Warrants are constituted pursuant to a Warrant Indenture to be entered into between the Computershare Trust Company of Canada and the Company.

The principal terms of the Warrants are as follows:

a) a holder of Warrants (a "Warrantholder") will have the right at any time prior to 7 December 2022 upon written notice to subscribe for new common shares on the basis of one new common share for each Warrant held, at 25.5 pence per new common share;

b) the Warrants will not be listed or admitted to trading on any exchange, including without limitation AIM or TSX; and

c) the subscription rights under the Warrants will be subject to adjustment in the event of various corporate actions affecting the share capital of the Company.

Commencement of Drilling in Colombia

As previously announced on 10 November 2020, the first drilling rig had arrived on site at the Anzá project and planning was underway to commence drilling as soon as possible.

The Company is pleased to announce that drilling at the Anzá project commenced as planned on 15 November 2020 and is progressing well.

A second drilling rig has now arrived on site and once the required logistical requirements are fully in place, it is anticipated that this rig will commence operation within the next seven days.

Orosur CEO Brad George commented:

"We are pleased and excited by the positive response from the investment community, as testament to how well the Anzá project is viewed. This oversubscribed placement strengthens our balance sheet and will allow us to sustain our position with respect to the Anzá JV for some considerable time as the current drilling program ramps up and continues into 2021."

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.

Forward Looking Statements

All statements, other than statements of historical fact, contained in this news release constitute "forward looking statements" within the meaning of applicable securities laws, including but not limited to the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release.

Forward-looking statements include, without limitation, statements relating to completion of the Placing, the use of proceeds and the exploration plans in Colombia. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such forward looking statements. Such statements are subject to significant risks and uncertainties including, but not limited, those as described in Section "Risks Factors" of the MDA and the Annual Information Form. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law.

Important Information

Neither this announcement nor any copy of it may be made or transmitted into the United States, or distributed, directly or indirectly, in the United States. Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, the Republic of South Africa, New Zealand, Japan or to any persons in any of those jurisdictions, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of United States, Australian, South African, New Zealand or Japanese securities laws or the securities laws of any other jurisdiction (other than the United Kingdom and Canada). The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe any such restrictions. This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for securities in the United States, Australia, Canada, the Republic of South Africa, New Zealand, Japan, or in any jurisdiction in which such offer or solicitation is unlawful.

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: 618725

Increases its sizeable strategic position in sought after frontier exploration region

TORONTO, ON / ACCESSWIRE / November 30, 2020 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSXV:EOG), an oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, has successfully negotiated the reissuance of its four licences in the Walvis Basin, Offshore Namibia conditional to customary final government signature. The Company has agreed terms and conditions and been awarded the four new Petroleum Exploration Licenses ("PEL's") on its existing offshore blocks, leading to the expansion of its acreage position:

Licence

Size of acreage

Block reference

Licence ownership

Controlling interest

Cooper

5,788 Km2

Block 2012A

54.3% WI

Operator

Sharon

5,700 Km2

Block 2213

56.7% WI

Operator

Guy

11,457 Km2

Blocks 2111B & 2211A

47.2% WI

Majority Partner

Tamar

5,648 Km2

Blocks 2211B & 2311A

85% WI

Operator

Eco has negotiated the reissuance and establishment of a new 10-year life cycle for each of the four PEL's. Each license has a participation of a standard 10% Working Interest ("WI") with NAMCOR, Namibia's National Petroleum Corporation and in keeping with the Company's support of local interests, Eco has negotiated and established a 5% WI with local Namibian business partners on each block. Azinam Group also participates in a minority capacity on the Cooper, Sharon and Guy Blocks.

With the establishment of the new PEL's, the Company has doubled the size of its Guy block acreage, increasing the potential for new prospective targets in the deeper horizon to the West of the block. The new PELs cover approximately 28,593 km2, with over 2.362 Billion BOE of prospective P50 resources.

Gil Holzman, President and Chief Executive Officer of Eco Atlantic, commented:

"Successfully renegotiating our four licences offshore Namibia and being awarded over 28,500 km2 in one of the most exciting exploration hotspots in the world is a significant milestone for Eco. Participation in the regional exploration with a number of the major IOCs now in Namibia, and having the Namibia Ministry of Mines and Energy acknowledge both our long term investment and our contribution to the fundamental exploration of the region, is very meaningful, both for us as a business and an explorer.

"Eco has made a significant investment in these offshore blocks in the Walvis Basin to date and we have been able to increase our already substantial footprint (now the second largest after ExxonMobil) in a highly prospective region that has attracted the interest of a number of the major IOCs.

"The recent wildcat discoveries in South Africa and the entry into Namibia by ExxonMobil, Total, Qatar Petroleum and Shell over the last few years give us significant confidence that further discoveries will soon be made in Namibia. Near term, we look forward to drilling campaigns planned by Total, Shell, M&P, and ExxonMobil. These companies are amongst the leading oil finders in the world. The new licenses represent a strategic value creation opportunity for Eco Atlantic, amid the increased interest in the area."

Colin Kinley Chief Operating Officer of Eco Atlantic Commented:

"We have demonstrated our capacity at Eco, through our opportunistic negotiations and deal flow, to maintain a path for growth while protecting both our strong balance sheet and our resources. The new exploration life cycle which we have and our well thought out exploration and de-risking strategy supports both our stakeholders and the people of Namibia.

"Like Namibia, in Guyana our path remains unaltered. We defined the opportunity, negotiated the Orinduik Licence and brought in material partners for both their technical and economic contribution, and we have carefully maintained our independence and ability to drive through to drilling without being anchored by partners budget or ambitions. In all our agreements, we maintain optionality and our own ability to drive the process. As the majority stakeholder and controlling interest in all of our Namibian blocks, we welcome leading-edge exploration partners to bring their contribution to our ultimate ambition of discovery in the country, while also maintaining our strong independent business values.

"We very much appreciate the support of the Namibian Ministry of Mines and Energy and our partners and we look forward to keeping all our stakeholders appraised of developments over the coming months."

**ENDS**

For more information, please visit www.ecooilandgas.com or contact the following:

Eco Atlantic Oil and Gas

c/o Celicourt +44 (0) 20 8434 2754

Gil Holzman, CEO, Director

Colin Kinley, COO, Director

Alice Carroll, Head of Marketing and IR

+44(0)781 729 5070 | +1 (416) 318 8272

Strand Hanson Limited (Financial & Nominated Adviser)

+44 (0) 20 7409 3494

James Harris

James Bellman

Berenberg (Broker)

+44 (0) 20 3207 7800

Matthew Armitt

Detlir Elezi

Celicourt (PR)

+44 (0) 20 8434 2754

Mark Antelme

Jimmy Lea

Hannam & Partners (Research Advisor)

Neil Passmore

+44 (0) 20 7905 8500

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

Notes to editors:

About Eco Atlantic:

Eco Atlantic is a TSX-V and AIM quoted Oil & Gas exploration and production Company with interests in Guyana and Namibia, where significant oil discoveries have been made.

The Group aims to deliver material value for its stakeholders through oil exploration, appraisal and development activities in stable emerging markets, in partnership with major oil companies, including Tullow, Total and Azinam.

In Guyana, Eco Guyana holds a 15% Working Interest alongside Total (25%) and Operator Tullow Oil (60%) in the 1,800 km2 Orinduik Block in the shallow water of the prospective Suriname-Guyana basin. The Orinduik Block is adjacent and updip to ExxonMobil Operated Stabroek Block, on which eighteen discoveries have been announced and over 9 Billion BOE of oil equivalent recoverable resources are estimated. First oil production commenced in December 2019 from the deep-water Liza Field, less than three years from FID.

Jethro-1 was the first major oil discovery on Orinduik Block. The Jethro-1 encountered 180.5 feet (55 meters) of net high-quality oil pay in excellent Lower Tertiary sandstone reservoirs which further proves recoverable oil resources. Joe-1 is the second discovery on the Orinduik Block and comprises high quality oil-bearing sandstone reservoir with a high porosity of Upper Tertiary age. The Joe-1 well encountered 52 feet (16 meters) of continuous thick sandstone which further proves the presence of recoverable oil resources.

In Namibia, the Company holds interests in four offshore petroleum licenses totalling approximately 28,593km2 with over 2.362bboe of prospective P50 resources in the Walvis Basin. These four licenses, Cooper, Guy, Sharon and Tamar are being developed alongside partners Azinam and NAMCOR. Eco has been granted a drilling permit on its Cooper Block (Operator).

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: Eco (Atlantic) Oil and Gas Ltd.

ReleaseID: 618733

VANCOUVER, BC / ACCESSWIRE / November 30, 2020 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0) (the "Company" or "Commerce") is pleased to announce that it has produced additional samples of acid-grade fluorspar concentrate from the Ashram Rare Earth and Fluorspar Deposit, Quebec. The test work on fluorspar recovery is being carried out by Hazen Research, CO, USA, which is also developing the primary rare earth element (REE) recovery flowsheet.

Previous test work has demonstrated the ability to achieve fluorspar grades as high as 98% CaF2, as well as standard specifications for SiO2, Al2O3, Cl, Be, Cd, Pb, As, and Hg (see news releases dated February 28th and September 24th, 2020). The Company is pleased to report that the recent bench test work has produced additional acid-grade samples >98% CaF2. The results demonstrate that acid-grade fluorspar can be produced from Ashram Deposit material, where the starting head-grade is ~7.5% CaF2.

The specifications and impurity tolerances in the acid-spar industry may vary widely depending on the final application; however, a key requirement to obtain is the CaF2 purity – typically >97%. Based on the bench level test work completed to date, the Company is confident that it can attain this base level purity of ~97% CaF2, as well as other key specifications, that will allow for a marketable product to a variety of end-users and associated applications.

There are currently two flowsheet approaches being advanced to produce acid-grade fluorspar from the Ashram Deposit, with the results herein produced using a front-end flotation/leach/magnetic process. An alternative approach is also being developed which uses the tailings stream from the primary REE concentrate, where the fluorspar passively upgrades throughout the REE processing circuit. In both cases, the recovery of fluorspar from the Ashram Deposit has been approached as a secondary objective to the primary REE recovery. Further, depending on the approach for fluorspar recovery, impurity removal may also increase overall REE recovery in the flowsheet.

In addition to being one of the largest rare earth deposits globally, the Ashram Deposit is also one of the largest fluorspar deposits globally. The production of REEs and fluorspar are currently dominated by China, placing Ashram in a unique position to potentially address the supply concerns of these two critical commodities. Both REEs and fluorspar are considered critical / strategic commodities by the US Department of the Interior, the European Union, and the Province of Quebec, Canada.

Fluorspar Market

Fluorspar (CaF2) is an essential raw material to the steel, aluminum, and chemical industries in two marketable products; acid spar grade and met spar grade.

Acid-spar (>97% CaF2), accounting for roughly sixty percent of the market, is primarily used to synthesise hydrofluoric acid (HF) and subsequent fluorochemicals, and in the production of aluminum metal, to reduce process temperatures and energy consumption. It is also a key raw ingredient of materials used in enhancing the operational performance of lithium-ion batteries.

Met-spar (>60% CaF2), accounting for roughly forty percent of the global fluorspar market, is primarily used as a flux in the steel making process to lower the melting temperature, to reduce slag viscosity, and remove impurities.

Similar to the prevailing dynamics for rare earth elements, China was historically the largest exporter of fluorspar. However, in the last 3 years, China has become a net importer. This has caused significant price appreciation for fluorspar, and market interest from industry in new sources.

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

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 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.

Forward Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include that the Company can attain this base level purity of ~97% CaF2, as well as other key specifications, that will allow for a marketable product; that impurity removal may also increase overall REE recovery; and that Ashram is in a unique position to potentially address the supply concerns of REE and Fluorspar, two critical commodities. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

ReleaseID: 618476

VANCOUVER, BC / ACCESSWIRE / November 30, 2020 / Belmont Resources Ltd is pleased to announce that permit approval has been granted by the British Columbia Ministry of Energy and Mines for drilling on the Company's A-J gold project, located in southern British Columbia. This is a five-year area-based permit covering surface exploration and drilling.

A-J Mines & Mineralized Trends

Further to receipt of the permit, the Company will undertake a 2,000-metre drilling program to test a strong coincident resistivity-chargeability anomaly situated 150 meters beneath two mineralized gold trends including the former producing Athelstan and Jackpot gold mines.

The East-West ‘A-J' mineralized trend extends over an approximate area of 240 by 1,000 metres and includes the past producing Athelstan and Jackpot gold mines which collectively produced 7,600 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The A-J Group was one of the most productive gold mines in the Greenwood mining district of southern British Columbia.

A-J Trend 3DIP Resistivity Cross Section

The second is the North-South ‘Contact' mineralized gold trend. Past trenching and sampling in this trend has identified three mineralized gold zones; J34, J12 & ‘A' Zones. Sampling has returned gold grades as high as 35.2 g/t Au over 3.0 meters (2002 chip sampling[1]).

Both mineralized trends are defined by strong resistivity anomalies. The resistivity high anomalies are interpreted as representing silica altered rock which includes quartz veining and listwanite. Listwanite is a key ultramafic rock alteration directly associated with several multi-million ounce gold deposits in Atlin, Bralorne and Barkerville districts of British Columbia as well as the Motherlode District in California

A-J Trend Chargeability Cross Section

3D-IP sections along the two trends indicate potential altered silica feeders to the two mines as well as other areas along the trends.

The resistivity anomalies are underlain at depth by a strong chargeability anomaly, measuring 800 x 1000m and at a depth of approximately 150m below the two mineralized trends.

On surface, disseminated sulfides occur within dykes and tongues of altered porphyritic intrusive that both cut and underlie the north-dipping band of listwanite.

A-J Trend Coincident Chargeability-Resistivity Anomaly

The large chargeability anomaly may reflect important mineralization within a large intrusive body and could be the causative source of mineralization at surface.

George Sookochoff, President & CEO commented "The historic gold miners have mined an extensive amount of gold and silver from relatively shallow underground mines. Our recent LIDAR, magnetic and 3D-IP surveys have delineated a large target 150m below their mines which may be the source of gold they mined at surface."

"But ultimately drilling will tell and that's what we are now prepared to do!"

About Belmont Resources Inc.

Belmont Resources is a junior mining company engaged in the business of acquiring past producing gold-copper mineral properties located in the highly prospective Greenwood-Republic mining camps. Belmont is utilizing new exploration technology as well as new geological modelling to identify gold-copper mineralized feeder systems to the relatively shallow historic mines.

The Company's project portfolio includes:

– Athelstan & Jackpot Gold mines (Athelstan-Jackpot property – 100%)

– Bertha & Pathfinder Gold-Silver mines (Pathfinder property – 100%).

– Betts Copper-Gold mine (Come By Chance property – 100%)

– Lone Star Copper-Gold mine (Lone Star Property – LOI)

Belmont Property Map

Qualified Person

Linda Caron, M.Sc., P.Eng. is the qualified person under National Instrument 43-101 who has reviewed and approved the technical content of this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

"George Sookochoff"

George Sookochoff, CEO/President

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

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2020, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.

[1] Caron, L., 2003. Assessment Report on the Athelstan-Jackpot Property, Trenching and Rock Sampling, for M. Hallauer and T. Hallauer. BC MEMPR Assessment Report 27302.

SOURCE: Belmont Resources Inc.

ReleaseID: 618728

65 line kilometres of UAV Magnetometer survey completed
Survey highlights Henning-Maloney and Rio Gold Mine targets
Survey highlights multiple structures and additional drill targets

VANCOUVER, BC / ACCESSWIRE / November 30, 2020 / Searchlight Resources Inc. ("Searchlight" or the "Company") (TSXV:SCLT)(OTC PINK:CNYCF) is pleased to present the results of an airborne UAV magnetic survey on the Company's Bootleg Lake project located in Saskatchewan, approximately 7 kilometres southwest of the Flin Flon Mining camp.

As previously announced, Searchlight commissioned Axiom Geological Group to conduct a UAV Magnetometer survey targeting two priority areas within the 49.9 sq. km Bootleg Lake claims. The survey covered a 1.53 square kilometre area surrounding Rio and Henning-Maloney past-producing gold mines with a total of 64-line kilometres of data, at 25 metre line spacing (Map 1). This work is in preparation for a 2021 drilling program at Henning-Maloney.

As part of the Magnetic data interpretation, Searchlight utilized a Grid Analysis system that analyses the texture of the potential field magnetic data to detect areas of structural complexity, which assists in the location of potential deposit occurrences. Magnetic field data delineates the geological structures and is best suited for this purpose. Grid Analysis then identifies regions of discontinuity, and analyses structural associations to locate crossings, junctions and change of direction in strike. Finally, by measuring the density of structural contacts and the diversity in the strike structures as a heat map, it facilitates picking the areas that are perceived to be prospective (Map 2).

"The survey produced high quality results with the heat map highlighting both the Rio and Henning- Maloney targets as structurally complex areas, and excellent target zones for gold exploration", stated Stephen Wallace, CEO. "The survey has also identified targets associated with the Rio fault system that warrant future follow up", he added.

Map1: UAV Magnetometer Data – Residual Magnetic Intensity (RMI)

The Henning-Maloney and Rio gold targets are located approximately one kilometre apart within the Bootleg Lake claims. These claims host 4 past producing gold mines, three of which – Henning-Maloney, Rio and Wekach – are all connected by the Rio Fault system. Additional gold and base metal targets are also present along this fault system.

Map 2: Heat Map – Grid Analysis showing zones of structural complexity

Qualified Person

Peter Dueck, P.Geo., is Searchlight's Qualified Person for this press release within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. Mr. Dueck is Director of Searchlight Resources and Chief Business Officer and Principal Geophysicist at Axiom Exploration Group. Mr. Dueck has been involved in the resource exploration industry in Saskatchewan since 2001, and until 2018, he held the position of Chief Geophysicist for Hudbay Minerals Inc. in Flin Flon, Manitoba.

About Searchlight Resources Inc.

Searchlight Resources Inc. (TSX.V:SCLT; US:CYNCF) is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute. Exploration focus is on gold and battery minerals throughout the Province, concentrating on projects with road access.

Searchlight holds a 427.6 square kilometre land position within the gold and base metal rich Flin Flon – Snow Lake Greenstone Belt. The Company is currently advancing its Bootleg Lake Gold Project located in Saskatchewan, less than 10 km from Flin Flon, Manitoba, and which hosts four past producing high-grade gold mines.

On behalf of the Board of Directors,

"Stephen Wallace"
Stephen Wallace, President, CEO and Director

SEARCHLIGHT RESOURCES INC.

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

Searchlight Resources Inc.
Alf Stewart, VP Corporate Development
(604) 331-9326
info@searchlightresources.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

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: Searchlight Resources Inc

ReleaseID: 618731

VANCOUVER, BC / ACCESSWIRE / November 30, 2020 / New Destiny Mining Corp. (TSXV:NED), (the "Company" or "NED") is pleased to announce that it has arranged a non-brokered private placement of up to 2 million flow through units at a price of Cdn$0.10 per unit for gross proceeds of $200,000. Each Flow-Through Unit consists of one common share that qualifies as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 18 months from the date of issue, one additional non-flow-through common share of the Issuer at an exercise price of Cdn$0.15 per share. The proceeds of the private placement will be used for continued exploration work at the Company's Treasure Mountain property.

A finder's fee may be paid to eligible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders' fees are both subject to approval by the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

"Al Beaton"
Director
604-488-3900

Forward Looking Information

This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, the Company's information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and 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 expressly required by applicable securities legislation.

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: New Destiny Mining Corp.

ReleaseID: 618784

CALGARY, AB / ACCESSWIRE / November 27, 2020 / Valeura Energy Inc. (TSX:VLE)(LSE:VLU) ("Valeura" or the "Company"), an upstream oil and gas company with assets in the Thrace Basin of Turkey, announces that effective November 25, 2020 it has terminated an aggregate of 1,957,500 incentive stock options, which were issued to a number of employees, officers, directors, and consultants, including an individual engaged in investor relations activities on behalf of the Company (collectively, the "Optionees").

By a series of option termination agreements, the Company and the Optionees have agreed to terminate those options granted between March 2018 and September 2019, which carry exercise prices between C$2.54 and C$4.62 per share. Optionees will receive nominal consideration of one cent (C$0.01) per terminated option. No options are being granted by the Company in conjunction with these terminations.

Among the Optionees were certain persons discharging managerial responsibilities ("PDMR"), as detailed below.

PDMR

Position

Volume terminated

Sean Guest

Executive Director, President and Chief Executive Officer

575,000

Gordon Begg

Vice President, Commercial

300,000

Rob Sadownyk

Vice President, Exploration

210,000

Russell Hiscock

Non-Executive Director

152,500

Heather Campbell

Chief Financial Officer

135,000

Kimberley Wood

Non-Executive Director

100,000

Tim Marchant

Non-Executive Chairman

87,500

Jim McFarland

Non-Executive Director

87,500

Ron Royal

Non-Executive Director

87,500

For further information please contact:

Valeura Energy Inc. (General and Investor Enquiries) +1 403 237 7102
Sean Guest, President and CEO
Heather Campbell, CFO
Robin Martin, Investor Relations Manager
Contact@valeuraenergy.com, IR@valeuraenergy.com

Canaccord Genuity Limited (Corporate Broker) +44 (0) 20 7523 8000
Henry Fitzgerald-O'Connor, James Asensio

CAMARCO (Public Relations, Media Adviser) +44 (0) 20 3757 4980
Owen Roberts, Billy Clegg, Monique Perks, Hugo Liddy
Valeura@camarco.co.uk

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

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

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: Valeura Energy Inc.

ReleaseID: 618548

BISHOPSGATE, LONDON / ACCESSWIRE / November 26, 2020 / The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide shareholders with an explanation of the disapplication resolutions to be put forward at the Annual General Meeting ("AGM")which is scheduled to take place as a virtual meeting hosted on the Lumi platform on 17 December 2020 at 11am London time (GMT).

Shareholders are referred to the section below titled 'General Voting Instructions' for details on how to vote.

One of the leading proxy advisor agencies has released its voting recommendation report for the Company's 2020 AGM and has recommended shareholders vote in favour of the Resolutions explained below (Resolutions 11, 13 and 14).

Resolution 11 – Renewal of General Board Authority to Allot Shares (Ordinary Resolution)

Under UK legislation, Directors cannot allot shares without authority from shareholders. The authority must be renewed each year and is a standard recurring resolution for most listed companies.

Resolution 11 is drafted to comply with the Share Capital Management Guidelines (the "Guidelines") issued by the Investment Association ("IA") which represents the views of institutional investors in the UK. The restrictions in the Guidelines (in conjunction with certain other restrictions in the other resolutions) ultimately provide protection against shareholder dilution.

Resolution 11 reflects the restrictions in the Guidelines and has to be read in conjunction with Resolutions 13 and 14:

Ø Resolution 11 gives SolGold authority to allot new shares up to two-thirds of its issued share capital (£13,814,756), subject to certain restrictions.

Ø SolGold can issue up to 5% of its issued share capital (£1,036,106) on a non-pre-emptive basis (i.e. not to existing shareholders, by way of a placing for example) and the money raised can be used for any purpose (permitted by Resolution 13).

Ø Aligned with the Pre-Emption Group Statement of Principles and common practice of LSE listed companies, SolGold can issue up to an additional 5% of its issued share capital (a further £1,036,106) on a non-pre-emptive basis (for example by way of a placing) but the money raised can only be used for an acquisition or specified capital investment (permitted by Resolution 14).

Ø Any other issues of shares must be made in accordance with Resolution 13(i), namely they need to be offered to all shareholders in proportion to their existing shareholdings (i.e. on a pre-emptive basis). The type of pre-emptive offering must satisfy the definition of pre-emption in Resolution 13(i) (not the definition in the Companies Act as this has been disapplied by Resolution 13) (see below for more information).

Ø Of the two-thirds of the issued share capital which SolGold has authority to allot, up to one-third (£6,907,378) can be used for unrestricted use (in practice a rights issue or an open offer) (see Resolution 11(a)). Any amount in addition to this can only be used for a rights issue (see Resolution 11(b)).

Ø Examples: in light of the above, SolGold could undertake:

· a rights issue of up to two-thirds of its issued share capital (£13,814,756). If it did, it would have used up its ability to raise funds via an open offer or a placing; or

· an open offer of up to one-third of its issued share capital (£6,907,378). If it did, the only other allotment it could make in the year would be a rights issue of up to one third of its issued share capital (£6,907,378); or

· a placing of up to 5% of its issued share capital (£1,036,106) (money to be used for any purpose), a placing for an additional 5% (£1,036,106) (money to be used for an acquisition) and a rights issue in respect of the remaining 56.66% (£11,742,544).

Resolution 13 – Disapplication of Pre-emption Rights in the Companies Act 2006 (s.561) (Special Resolution)

Ø If Directors wish to allot new shares for cash, the Companies Act requires that these shares are offered first to shareholders in proportion to their existing holdings.

Ø Resolution 13 seeks authority for the company to allot new shares (and other equity securities) or sell treasury shares, for cash without first offering them to existing shareholders on a pro rata basis. It is a standard recurring resolution for most listed companies.

Ø The ability to issue shares non pre-emptively is restricted by the guidance issued by the IA which only supports the disapplication of pre-emption rights in respect of allotments representing no more than 5% of the issued ordinary share capital (exclusive of shares held in treasury), without restriction as to the use of proceeds.

Ø Although the pre-emption rights in the Companies Act are disapplied, they are replaced by pre-emption rights on the terms provided for in the resolution. The pre-emption rights in the resolution provides the Company with flexibility to finance business opportunities, conduct pre-emptive offers or rights issues without needing to comply with the strict requirements of the statutory pre-emptive provisions. There are three (3) main benefits:

· enables fractional entitlements to shares to be sold in the market for the benefit of the Company;

· allows more flexible arrangements with overseas shareholders than permitted under s.561; and

· enables a company to (i) extend the offer to holders of classes of securities which do not qualify for pre-emption rights but which carry a contractual right to participate in a rights issue or (ii) exclude shares which are ordinary shares and which would not ordinarily participate in a rights issue (for example, preference shares).

Resolution 14 – Further Disapplication of Pre-emption Rights (Special Resolution)

Ø This resolution authorises the Directors to allot an additional quantity of shares (or sell treasury shares) for cash otherwise than on a pro-rata basis to existing shareholders, provided that such shares are used only in connection with an acquisition or specified capital investment (i.e. for a purpose which adds value to the business – the shares cannot be used as a mechanism for a general fund raise).

Ø The resolution is drafted to be aligned with the Pre-Emption Group Statement of Principles. The Group supports the annual disapplication of pre-emption rights in respect of allotments of shares representing no more than an additional 5% of issued ordinary share capital.

Ø The right to allot an additional 5% on a non-pre-emptive basis designed to limit the use by companies of cash box placings to raise extra funds.

Ø Separate resolutions are passed to disapply pre-emption rights for each 5% to ensure (in particular) that shareholders have the option to vote against the request to allot additional 5% non-pre-emptively.

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

General Voting Instructions

In order to follow the Directors' recommendations at the forthcoming AGM, please contact your broker (or other registered holder) directly and instruct them how to vote on your behalf.

The voting deadline is 11:00 a.m. (London time) on 15 December 2020, however your Private Client Broker will have an earlier deadline. It is best to instruct them as soon as possible.

There is also the option to vote electronically during the virtual meeting on 17 December 2020. Please head to https://www.solgold.com.au/notice-of-meetings/ for more information on how to access the online Lumi system.

CMi2i are the official Information Agent to SolGold. Should you have any questions regarding the voting process, please contact CMi2i on 0800 029 4356 or + 44 (0) 20 8187 1429. Alternatively, you may e-mail your enquiries to solgold@cmi2i.com.

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

Gordon Poole / Nick Hennis

Camarco (Financial PR / IR)

solgold@camarco.co.uk

Tel: +44 (0) 20 3757 4997

Andrew Chubb

Hannam & Partners (Joint Broker and Financial Advisor)

solgold@hannam.partners

Tel: +44 (0) 20 7907 8500

Ross Allister / David McKeown

Peel Hunt (Joint Broker and Financial Advisor)

solgold@peelhunt.com

Tel: +44 (0)20 7418 8900

James Kofman / Darren Wallace

Cormark Securities Inc. (Financial Advisor)

dwallace@cormark.com

Tel: +1 416 943 6411

Clayton Bush / Scott Mathieson

Liberum (Joint Broker and Financial Advisor)

Clayton.Bush@liberum.com

Tel: +44 (0) 20 3100 2184

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 2,072,213,494 fully-paid ordinary shares and 113,175,000 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 Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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: 618509

VANCOUVER, BC / ACCESSWIRE / November 26, 2020 / Infinite Ore Corp. (the "Company") (ILI-TSX:V) (OTCQB:ARXRF) is pleased to announce that it will conduct a VTEM Plus geophysical survey on its Eastern Vision project located in the Red Lake, Ontario Gold Belt. Eastern Vision covers large parts of the Birch-Uchi greenstone belt to the east of the high-grade gold discovery on the Dixie property held by Great Bear Resources Ltd. Results from the VTEM survey as well as the recently announced Spacio-temperal Geochemical Hydrocarbon ("SGH") survey (see PR dated November 3, 2020) will be used to identify additional targets for an upcoming drill program.

VTEM (Versatile Time Domain Electromagnetic) is a system which generates currents that diffuse deep into the earth and take the path of least resistance. Conductive material absorbs the currents and releases a secondary field that the VTEM system measures. The Brich-Uchi greenstone belt has yielded both gold mineralization (e.g. Dixie property) as well as VMS style mineralization (e.g. Garnet Lake deposit). The Company plans to search for both gold mineralisation and other VMS deposits that may exist in the area.

J.C St-Amour, President of Infinite Ore commented, "The Birch-Uchi greenstone belt has been historically explored for base metals, however new high-grade gold discoveries in the area have demonstrated the potential for more gold discoveries. The VTEM and SGH survey's will assist us in developing our next drill program."

In addition, the Company announces that it intends to extend and reprice 39,000,000 warrants (the "Warrants") that were issued in pursuant to private placements that closed on December 22, 2017. The Warrants have an exercise price of $0.20 and are due to expire on December 22, 2020. The Company intends to amend these warrants to have an exercise price of $0.16 per Warrant and extend to expiry date to December 22, 2022. The extension and repricing are subject to TSX Venture Exchange approval.

The Company further announces that a NI 43-101 geological report on the Garnet Lake property has been completed and, as required by the TSX.V regulators, has been submitted for review.

Dr. Michel Bolly, P. Geo, is the qualified person as defined by National Instrument 43-101 has designed and is managing the current exploration program on behalf of the Company and is responsible for approving the technical contents of this press release.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Infinite Ore Corp.

ReleaseID: 618506

NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

TORONTO, ON / ACCESSWIRE / November 26, 2020 / Eskay Mining Corp. ("Eskay" or the "Company") (TSXV:ESK)(OTCQB:ESKYF)(Frankfurt:KN7) (WKN:A0YDPM) is pleased to announce that it amended its agreement with Echelon Wealth Partners Inc. and Eight Capital as co-lead agents (the "Agents") to increase the size of its previously announced "best efforts" private placement offering to up to approximately $11,500,000 of units (the "Units"), traditional flow-through shares (the "FT Shares"), and flow-through units (the "FT Units", and with the Units and FT Shares collectively, the "Offered Securities") of the Company (the "Offering") at a price of $0.90 per Unit (the "Unit Issue Price"), $1.05 per FT Share, and $1.25 per FT Unit.

Each Unit and Each FT Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant a "Warrant"), with each Warrant entitling the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price $1.30 for a period of two years following the closing of the Offering.

The Company has also granted the Agents an option to purchase up to an additional 20% of Offered Securities, in such proportion of Units, FT Shares, and FT Units as the Agents may determine, exercisable at any time until 48 hours prior to Closing.

It is anticipated that the net proceeds from the Offering will be used to fund the Company's exploration activities, and for general corporate purposes. The gross proceeds received by the Company from the sale of the FT Shares and FT Units will be used to incur Canadian Exploration Expenses ("CEE") that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Company's properties in British Columbia, which will be renounced to the subscribers with an effective date no later than December 31, 2020, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of FT Shares and FT Units.

The Agents will receive a cash commission (the "Commission") equal to 6.0% of the gross proceeds from the Offering, excluding gross proceeds from the issuance of Offered Securities on a president's list (the "President's List") for which a commission of 3.0% of such gross proceeds will be paid by the Company to the Agents. The Company shall issue to the Agents compensation options (the "Compensation Options") equal to 6.0% of the number of Offered Securities sold under the Offering excluding the President's List and 3.0% of the number of Offered Securities sold under the Offering to subscribers on the President's List. Each Compensation Option shall entitle the holder thereof to subscribe for one Unit at the Unit Issue Price for a period of 24 months from the Closing Date.

The Offering is scheduled to close on or about December 11, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Eskay Mining Corp:

Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwestern British Columbia known as the "Golden Triangle", approximately 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).

All material information on the Company may be found on its website at www.eskaymining.com and on SEDAR at www.sedar.com.

For further information, please contact:

Mac Balkam
President & Chief Executive Officer

T: 416 907 4020
E: Mac@eskaymining.com

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

Forward-Looking Statements: This 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 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 as 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.

SOURCE: Eskay Mining Corp.

ReleaseID: 618493