Northstar Postpones Quarterly Filing
NORTHSTAR GOLD CORP P.O BOX 2529 New Liskeard, ON POJ 1PO Tel: (705) 676-6476 www.northstargoldcorp.com
For Immediate Release
Northstar Postpones Quarterly Filing
Vancouver, B.C., April 3, 2020. Northstar Gold Corp. (CSE: NSG) (“Northstar” or the “Company”), announces the Company is postponing the reporting of its condensed interim quarterly Financial Statements, Management’s Discussion and Analysis (“MD&A”) as a result of delays caused by the COVID-19 pandemic. The Company aims to file these documents by April 10th, under the terms of the 45-day extension announced by the Ontario Securities Commission under the “Ontario Instrument 51-502”, dated March 23, 2020. The Company confirms that management and the Company’s insiders remain subject to an Insider Trading Black Out period as per its internal Insider Trading Policy. The only material changes to the Company since the filing of its second quarter Financial Statements and MD&A on December 30, 2019 are the financing announced today and the close of the Company’s initial public offering on December 31, 2019.
About Northstar Gold Corp.
Northstar recently listed on the CSE by way of a $3 million Initial Public Offering and is focused on gold exploration in the prolific Kirkland Lake District in northeastern Ontario. Prior to going public, the Company spent $7 million to acquire and advance 3-100% owned gold and base-metal properties in the region. Northstar has an accomplished Board, Special Advisor and Management Group comprised of professionals highly experienced in exploration, mining, finance and investment banking on a global basis. In late February, 2020, Northstar commenced a $1.1 million Phase I exploration program which includes 3,000 m of drilling on its flagship, early-resource stage Miller Gold Property, situated 18 km southeast of the town of Kirkland Lake and Kirkland Lake Gold’s Macassa gold mine.
On behalf of the Board of Directors, For further information, please contact:
Mr. Brian P. Fowler, P.Geo. Derek Wood President, CEO and Director Conduit IR (604) 617-8191 (403) 200-3569 [email protected] [email protected]
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.