TSX Symbol: STGO Total Basic Shares O/S (M): 41.6 MATTHEW WOOD Executive Chairman BATAA TUMUR‐OCHIR Director, President and CEO ANEEL WARAICH Director and Executive Vice President PATRICK MICHAELS Director DR. ZAMBA BATJARGAL
TSX: STGO
December 2, 2019
Ulaanbaatar, Mongolia ‐ December 2, 2019. Steppe Gold Ltd. (TSX:STGO) CAPITALIZATION ("Steppe Gold" or the "Company") is extremely pleased to announce TSX Symbol: STGO
that the ATO Gold Mine is fully permitted and gold production is Total Basic Shares O/S (M): 41.6
commencing.
BOARD OF DIRECTORS
The Company has now mined, crushed and stacked approximately 300,000t of
MATTHEW WOOD
Executive Chairman ore at a grade of 2.13g/t gold on the leach pad. The company’s mining, crushing and stacking program is ongoing. Full year production for 2020 is
BATAA TUMUR‐OCHIR
now envisaged to be approximately 60,000oz of gold.
Director, President and CEO
ANEEL WARAICH
Director and Executive Vice President The Company will now push to complete the feasibility study into its Stage 2
PATRICK MICHAELS
Expansion Project at the ATO Mine. The aim of this is to increase annual gold Director production to 150,000 per annum from underlying fresh rock ores. The
DR. ZAMBA BATJARGAL
Company also continues to assess a number of additional opportunities in Director Mongolia including exploration drilling at its exciting Uudam Khundii Gold SEREENEN JARGALAN Project.
Director
Steppe Gold is also very pleased to announce the appointment of Mr. Bataa Tumur‐Ochir as President and CEO of Steppe Gold effective
BATKHUU BUDNYAM
Director immediately.
STEVE HAGGARTY
Director Mr. Tumur‐Ochir is a founding Director of the Company and has been instrumental in the management and growth of the Company since listing. In CONTACT INFORMATION his previous role as Executive Vice President Mongolia, he guided the ATO THE COMPANY’S HEAD OFFICE: Gold Mine development from a bare field on the Mongolian steppe to the most modern and international standard gold mine in Mongolia today.
Shangri‐La office, Suite 1201, Olympic street 19A, Sukhbaatar District 1, Ulaanbaatar 14241, Mongolia Tel: +976 7732 1914 Mr. Matthew Wood, Founder and Chairman of the Company will remain in the role of Executive Chairman and will focus his energy on executive
TORONTO OFFICE:
management oversight, growth strategy and the expansion of Steppe Gold in Mongolia.
90 Adelaide Street. W, Suite 400 Toronto, ON M5H 3V9, Canada Tel: +1 647 697 0577 Mr. Wood said “It has been an honour to be the CEO and President of Steppe Gold during what has been an extremely challenging and rewarding phase in
TRANSFER AGENT:
Lori Winchester the company’s life from foundation, to IPO to commencing gold production. Senior Relationship Manager, Client Now is the time to pass the reins to Mr. Tumur‐Ochir to aggressively grow the Management company to the next level.
Phone: +1 416 607‐7898 Cell: +1 416 671‐4558 Email: [email protected] It is also great to see a TSX listed Mongolian Gold Company with a highly qualified Mongolian CEO and President. I am extremely enthused about the future of Steppe Gold as we continue to grow the Company for all of our stakeholders.”
TSX: STGO
STEPPE GOLD’S ATO MINE FULLY PERMITTED AND COMMENCING GOLD PRODUCTION. APPOINTMENT OF NEW PRESIDENT AND CEO TO LEAD AGGRESSIVE
December 2, 2019
ABOUT STEPPE GOLD
Steppe Gold is Mongolia’s premier precious metals company and is projected to produce 60,000 ounces of gold from its ATO Gold Mine in 2020. The Company is also completing a feasibility study into the expansion of the ATO Mine to approximately 150,000 ounces of gold per annum.
CONTACT:
Matthew Wood, Executive Chairman Shangri-La office, Suite 1201, Olympic street 19A, Sukhbaatar District 1, Ulaanbaatar 14241, Mongolia
Tel: +976 7732 1914