Golcap Closes Finland Acquisition
GOLCAP RESOURCES CORP.
NEWS RELEASE
GOLCAP CLOSES FINLAND ACQUISITION
Vancouver, B.C. – June 17, 2024 ‐ Golcap Resources Corp. (CSE: GCP) (the “Company” or “Golcap”) is
pleased to announce that it has closed on the acquisition of its Finnish Gold Portfolio. This portfolio is
comprised of 10 areas covering orogenic gold projects with both high-grade and bulk tonnage targets,
initially announced on May 6th, 2024.
Portfolio highlights:
• 3 advanced projects with historical drilling, each with impressive results
• Select historical drilling:
o Hopeavuori - 11 metres with 19.4 g/t gold
o Satulinmaki - 25 metres with 3.17 g/t gold
o Riukka – 1 metre with 23.5 g/t gold
• Nearby infrastructure such as gold mines and flotation plant
• 6 earlier stage projects
• Excellent in-country technical and administration team in place
Historically, these projects were generated based on positive boulder and till geochemistry, near
existing operating or historical gold mines, with structural controls and settings favorable based on the
known gold mineralization. Known deposits are generally structurally controlled, often with multiple
mineralized zones and exhibit a relatively modest surface footprint. These zones however have
significant vertical depth – greater than 1 kilometre.
Deal Terms
As announced, Golcap has agreed to issue 4,347,826 common shares, representing 17.6% of Golcap’s
issued and outstanding shares, post-issuance, to NewPeak Metals . Future obligations include:
• Staged cash payments of $500,000 in the first 12 months
• Success payments of $3 million upon the reporting of a 500,000 oz Indicated resource (JORC
code), with half of the success payment payable in Golcap shares.
The technical information in this press release has been reviewed and approved by Derrick Strickland P.
Geo (L5669) a qualified person under NI43-101.
On behalf of the Board
Christopher Reynolds
Interim CEO
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Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this
news release.