Damara Receives its Drill Permit for Placer Mountain Gold Project, BC
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
NEWS RELEASE
Damara Receives its Drill Permit for Placer Mountain Gold Project, BC
March 28, 2023 TSX-V: DMR
DAMARA GOLD CORP. (TSX-V:DMR) (“Damara” or the “Company”) is pleased to announce that further
to consultation with the BC Ministry of Energy, Mines, the Lower and Upper Simil kameen Indian Bands ,
Damara has received approval for its Application for Mines Act Permit (the “Permit”) for its Placer Mountain
Project located approximately 35km south of Princeton, British Columbia for a five year period.
Diamond drilling at Placer Mountain is planned to resume this summer and will focus on expanding
intersections reported in April 7, 2022 News Release . The program will also look to include s everal other
untested, high priority, Au in soil geochem anomalies identified within the 600m wide by 1.5 km Kodiak
zone.
Receipt of the Permit now allows for the C ompany’s technical team to move forward on the preparation
and budget for its planned 2023 field season program.
Qualified Person
Dr. Gerald G. Carlson, PhD, PEng, technical advisor to the Company, is the Qualified Person as defined by
National Instrument 43-101 who has reviewed and approved the technical data in this release.
About Damara
Damara Gold Corp. is a TSX Venture listed Canadian public company with a Board of Directors seasoned
in the mineral exploration industry and having extensive and successful international experience with a
focus on identifying and acquiring prospective and under-explored gold properties worldwide.
ON BEHALF OF THE BOARD OF DIRECTORS OF DAMARA
“Larry Nagy”
Larry Nagy, Chief Executive Officer
For additional information visit Damara’s website at www.damaragoldcorp.com or contact:
Damara Gold Corp.
Larry Nagy
Chief Executive Officer
Ph: (250-717-1840)
Disclaimer for Forward-Looking Information
This news release contains statements that constitute "forward-looking Information", as such term is used in applicable
Canadian securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other
factors that may cause the Company’s actual results, performance or achievements, or developments in the industry
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
to differ materially from the anticipated result s, performance or achievements expressed or implied by such forward -
looking information. Forward-looking information includes statements that are not historical facts and are generally, but
not always, identified by the words "expects," "plans," "anticipat es," "believes," "intends," "estimates," "projects,"
"potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although the Company believes the forward-looking information contained in this news release is reasonable based on
information available on the date hereof, by its nature forward-looking information involves assumptions and known and
unknown risks, uncertainties and other factors which may cause our actual results, level of activity, per formance or
achievements, or other future events, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties
associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required
regulatory approvals and the timing of such approvals; that the Company maintains goo d relationships with the
communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining
sector; the Company ’s ability to access sufficient capital from internal and external sources, and/or inability t o access
sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company
to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable,
which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology,
grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s
expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development
activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR
website at www.sedar.com.
THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE
EXPECTATIONS OF DAMARA AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT
TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD -
LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE
DAMARA MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR
TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.