Property Purchase Agreement in Guyana
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Alerio Gold Corp. Announces Property Purchase Agreement for
Gold Properties in Guyana
#1710, 1177 West Hastings Street
Vancouver, BC, Canada, V4E 3L6
Vancouver, British Columbia – February 15 , 202 2 – Alerio Gold Corp. (CSE: ALE) (the " Company" or
"Alerio") is pleased to announce that it has entered into a property purchase agreement to acquire a 100%
interest in five gold prospecting licenses in Guyana known as the Puruni Gold Property (the “Property”),
as described below.
In consideration for the acquisition of the Property, the Company will pay the vendors an aggregate of
$200,000 and will issue 25,000,000 common shares in the capital of the Company (the “Payment Shares”)
at a deemed price of $0. 25 per Payment Share. The Company will advance $200,000 as a refundable
deposit to the Vendors.
The closing of the acquisition is subject to the approval of the Canadian Securities Exchange.
Puruni Gold Property, Puruni River, Guyana
The Puruni Gold Property (“Puruni” or “the Property”) is located approximately 250 kilometres southwest
of Georgetown, the capital of Guyana. The Property can be reached by road (arriving as close as the Peters
Mine), helicopter, or river boat with a gravel road from the mouth of the Mazaruni River passing within a
few hundred meters of the Property.
The Property consists of five (5) Mining Permits - Medium Scale (MP) and one (1) Prospecting Permit -
Medium Scale (PPMS) totalling in area 36 km2 (approx. 9000 Acres). The Permits are trav ersed by the
Puruni River in the Mazaruni Mining District No. 3, Guyana, N.T.S. Sheet Puruni -26 SW.
The northernmost boundary of the Puruni Gold Property lies 2.5 kilometres south of the historic Peters
Mine (owned by Zijin Mining as a result of their pu rchase of Guyana Goldfields in 2020) one of the first
recorded gold mines in Guyana. The Peters Mine was discovered in the 1890’s by porknockers (local small-
scale miners) and underground development and mining was in operation prior to WW1. The district has
been subjected to a number of regional airborne and ground exploration surveys that focussed on the
Peters Mine area and which have defined a north -south trending deformation zone, which hosts the
quartz vein related gold mineralization at Peters Mine, and trends onto the Puruni Gold Property.
There has been no documented exploration work done in the district since 2015. The previous exploration
information has been sourced from publicly available Technical reports and news releases and is historical
in nature. A qualified person has not verified this information and has not completed sufficient work to
treat this data as current. The historical data should not be relied upon.
LEGAL_35532180.1
About Alerio Gold Corp.
Alerio Gold Corp. is a mineral exploration and development company in the business of acquiring,
exploring, and developing natural resource properties, with a focus in Guyana, SA. The company currently
has 100% interest in two gold properties located in Guyana
Investors can learn more about the Company and team at https://www.aleriogold.com
LEGAL_35532180.1
ON BEHALF OF THE BOARD of DIRECTORS
“Geoff Balderson”
Geoff Balderson, CFO
For further information, please contact:
Geoff Balderson
Chief Financial Officer, Secretary, and Director
Telephone: 604-602-0001
Email: [email protected]
Forward-Looking Information
This press release contains forward-looking statements. Forward-looking statements can be identified by
the use of words such as, “anticipates”, “expects”, “is expected”, “intends”, “believes”, or variations of
such words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or
be achieved. Forward-looking statements include those relating to the acquisition by Alerio Gold Corp. of
all of the Properties and the corresponding issuance of the Consideration Shares, the sa tisfaction of
necessary terms and conditions of the Definitive Agreement to complete the Acquisition, and the
ownership of the Properties via power of attorney.
Forward-looking statements are not a guarantee of future performance and are based upon a number of
estimates and assumptions of management in light of management’s experience and perception of trends,
current conditions and expected developments, includin g assumptions related to the ability of both
companies to successfully complete all the conditions precedent under the Definitive Agreement and the
companies receiving all necessary future approvals and permits. Actual results, performance or
achievement could differ materially from that expressed in, or implied by, any forward-looking statements
in this press release, and, accordingly, undue reliance should not be placed on any such forward -looking
statements and they are not guarantees of future results. Forward-looking statements involve significant
risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated
events to differ materially from those expressed or implied in any forward -looking statements. Except as
required by law, Alerio Gold Corp. undertakes no obligation to publicly update any forward -looking
statements, whether as a result of new information, future events or otherwise. Such forward-looking
statements represent management's best judgment based on information currently available.
The CSE does not accept responsibility for the adequacy or accuracy of this release. The CSE has in
no way passed upon the merits of the proposed Transaction and has neither approved nor
disapproved the contents of this news release.
No securities regulatory authority has either approved or disapproved of the contents of this news
release.