GOLD Plus Mining Acquires Strategic Mineral Claims Contiguous to Benchmark Metal’S “Lawyers” GOLD and Silver Project
FOR IMMEDIATE RELEASE
GOLD PLUS MINING ACQUIRES STRATEGIC MINERAL CLAIMS CONTIGUOUS TO
BENCHMARK METAL’S “LAWYERS” GOLD AND SILVER PROJECT
December 29th 2020, VANCOUVER, BC – GOLD PLUS MINING INC. (“Gold Plus” or the “Company”)
(CSE :GPMI) (OTC: GPMNF) (FSE: 1I3) is pleased to announce that it has entered into an agreement to acquire
highly prospective mineral claims (the “Lawyers North Property”) in BC’s famous “Golden Horseshoe” region
contiguous to Benchmark Metal’s (BNCH – TSX.V) “Lawyer s” Gold and Silver project that recently reported
drilling intercepts of 2,360 g/t silver and 11.30 g/t gold over a 1 meter interval as well as 1.44 g/t gold equivalent
over 102 meters.
Gold Plus’s new Lawyers North mineral claims cover approximately 7,30 7 acres (2,957 hectares) and when
combined with the Company’s existing Lawyers East and West mineral claims cover a total of approximately
15,957 acres. Both GPMI claim groups are on trend with several mines found in the region, located at the south -
eastern side of Benchmarks’ “Lawyers” property, below TDG Gold Corp’s “Baker” Mine and “Shasta” Mine and in
line with the “Kemess” Mine further South East that hosts 2.7Moz of gold equivalent . Mineralization hosted on
adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Properties.
Gold Plus is planning a 2021 exploration program on its three claim blocks that could include an airborne survey to
further define magentic targets as well as the mobilization of crews to c onduct a sampling program to test out crops
and soil geochemestry aimed at identifying high priority drill targets.
The Lawyers North showing is located 8.0 kilometres southeast of Edozadelly Mountain, west of Lawyers North
and 12.0 kilometres west -southwest of the Lawyers mine (094E 066) (Geological Survey of Canada Paper 81 -1A,
pages 241-246). The Lawyers North showing lies on the eastern edge of the Sustut Basin. It is composed of mid -
Cretaceous to latest Cretaceous nonmarine strata of the Sustut Group. T he Sustut Basin is a successor basin to the
larger Bowser Basin to the west. The Bowser Lake Group consists of Middle Jurassic to mid -Cretaceous marine
and nonmarine strata. Both groups and underlying strata of Stikinia were deformed by northeast -verging folds and
thrust faults of the Skeena Fold Belt in Late Jurassic to latest Cretaceous or early Tertiary time (Geological Survey
of Canada Paper 92-1A, pages 77-84).
Mid-Cretaceous to latest Cretaceous continental clastic sediments of the Sustut Group are su bdivided into the
Tango Creek and overlying Brothers Peak formations. The Tango Formation is subdivided into two members; the
lower Niven Member and the upper Tatlatui Member. The Brothers Peak Formation is subdivided into the lower
Lasuli Member and the upper Spatsizi Member.
Map of Gold Plus’ Lawyers North, East and West properties in relation to Benchmark’s “Lawyers”
property and nearby deposits
Acquisition Terms
The Company has entered into an arm’s length share purchase agreement with 1279810 BC Ltd. (“NumberCo”)
and the shareholders of NumberCo (collectively, the “ Vendors”), pursuant to which the Company has agreed to
acquire all of the issued and outstanding shares of the NumberCo from the Vendors for consideration of 3,300,000
units. Each unit will consist of one common share and one share purchase warrant, each warrant is exercisable into
one common share at $0.10 for one year . The agreement is subject to normal course due diligence and applicable
regulatory approval.
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43 -101, has reviewed
and approved the technical contents of this news release on behalf of the Company
About Gold Plus Mining Inc.
Gold Plus Mining is a publicly traded explorati on company focused on the development of highly prospective,
discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. Our growing portfolio of
mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Golden
Triangle” and “Osoyoos” districts of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern
Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada.
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www.goldplusmining.com
ON BEHALF OF THE BOARD
___Charn Deol____
CEO & Director
For more information on Gold Plus Mining, please contact:
Mr. Charn Deol – CEO & Director
Phone: 438-896-1451
E-mail: [email protected]
Corporate e-mail: [email protected]
Website: www.goldplusmining.com
Corporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1
Statements in this news release that are not historical facts are forward -looking statements. Forward -looking
statements are statements that are not historical, and consist primarily of projections - statements regarding future
plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", “potential”,
"should", "anticipates", "likely", "believes" and words of similar import tend to identify forward -looking
statements. Forward -looking statements in this news release include the expectation that the Company may
commission and deliver a Technical Report, enter into the definitive agreement, exercise the option and acquire the
project. All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties
and other factors that could cause actual events or results to differ from those expressed or implied, including,
without limitation that: (i) the Company is unable to table the Technical Report within the required timeline; (ii)
the Company is unable to enter into the definitive agreement for any reason; and (iii) other risks and uncertainties
identified under the heading “Risk Factors” in the Company’s continuous disclosure documents filed on
SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have
been used. The Company cannot assure you that actual events, performance or results will be consistent with these
forward-looking statements, and management’s assumptions may prove to be incorrect. These forward -looking
statements reflect current expectations regarding future events and operating performance and speak only as of the
date hereof and the Company does not assume any obligation to update forward -looking statements if
circumstances or management’s beliefs, expectations or opinions should change other than as required by
applicable law. For the reasons set forth above, you should not place undue reliance on forward -looking
statements.
Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.