Gold’N Futures Prepares FOR 2021 Drilling Season and Announces Private Placement of Units and Flow Through Shares
789 West Pender St., Suite 810
Vancouver, BC V6C 1H2
Tel: 604-687-2038
www.goldnfuturesmineralcorp.com
NEWS RELEASE CSE: FUTR
OTC: GFTRF
April 15, 2021 FSE: G6M
GOLD’N FUTURES PREPARES FOR 2021 DRILLING SEASON AND ANNOUNCES
PRIVATE PLACEMENT OF UNITS AND FLOW THROUGH SHARES
VANCOUVER, BC -- (Newsfile – April 15, 2021) GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE:
G6M), (OTC: GFTRF) (the "Company” or “Gold’n Futures”) is pleased to report its progress and plans for
the 2021 exploration and drilling season on the Hercules project in the Greenstone gold camp in
northern Ontario, Canada (the “Hercules Project”).
As stated in the Company’s news release of March 24, 2021, the Company has commenced its work on
the Hercules Project, beginning with the geological and geophysical modeling of the known gold zones
and across the property . The Gold’n Futures team has obtained the substantial database containing
the Hercules Project’s technical information and has taken steps in preparing its initial analyses. Much
of the historical work completed on the Hercules Project has been summarized in the National
Instrument 43-101 report titled, “ A TECHNICAL REVIEW AND MINERAL RESOURCE E STIMATE OF THE
HERCULES PROPERTY, ELMHIRST AND RICKABY TOWNSHIPS, ONTARIO, CANADA FOR KODIAK
EXPLORATION LIMITED”, prepared by Watts, Griffis and Mc Quat Limited (" WGM") and dated May 26,
2010 (the “ WGM Report ”). The WGM Report derived its resource estimation from a database
comprised of 407 drillhole s totalling 90,300 m etres (“ m”) and 173 trenches. The resource estimate
defined in the WGM report is historical in nature and should not be viewed as a current resource
estimate.
Relevant data not included in the WGM Report are:
• Pre-2005 historical drilling and trenching samples completed prior to the work of Kodiak
Exploration Limited ("Kodiak") where locations of the hole collars and surface samples may have
been uncertain; and,
• The sample results from 90 additional drill holes completed after the WGM Report was
authored, totaled 15,580.7 m of core and with 7,946 samples taken. Table 1, shown below,
contains some of the notable intersections of these later 90 holes.
The Company strongly believes that the above noted missing data, which amounts to about 20 - 25%
of all Hercules Project exploration, could lead to an underestimation in the WGM Report as it relates
to the potential resources of the Hercules Project. With much of the claims’ group still to be
properly explored, Gold’n Futures’ exploration team is looking to make full use of all available results
of the early exploration, coupled with the 2010 – 90 drill holes to vector to priority targets.
Stephen Wilkinson , Gold’n Futures’ CEO commented, “ I am most confident in the Company’s team,
headed up by P. Geo. Walter Hanych . Walter has provided valuable resource experience to our
management team and he has been instrumental in exploration planning and data reorganization that
will drive our next steps in opening up the potential of the Hercules Project. We believe that much can
be added to the current gold resource model s from expansion of the known gold occurrences and by
following up on the new targets we are generating by incorporating past assessment files data. The
team of geophysicists that we have engaged is working on the compilation of all past geophysical
surveys and is coordinating with our geologists. The objective is to create a coordinated interpretation
of the controlling mineral structures that in turn will vector our target selection.”
Table 1. List of notabl e drill holes and intersections from drilling in 2010 on the He rcules project
that postdate the WGM Report.
2021 Hercules Exploration Plans
The Company has commissioned a National Instrument 43-101 report, which will summarize the
historical work performed on the Hercules Project, listed abov e. The Company is currently compiling
and tabling the historical data in preparation for constructing a current resource block model.
Structural and geological modelling of the gold zones together with the completed geophysical
interpretation will be an integral component of this compilation to identify domains of gold
mineralization. An early and high priority objective for the desktop work will be the locating of areas
for follow-up trenching and drill collar sites so the Company will begin the permitting of its next round of
property activities.
The initial on-site work will begin immediately upon the completion of spring break -up. The Company
will undertake a program of core re -sampling as past sampling intervals were not consistently extended
Drill Hole ID From To Interval Au Zone
(m) (m) (m) (gpt)
HR10-401 255.1 257.3 2.20 2.45 New Zone
includes 256.5 256.9 0.40 5.53 New Zone
HR10-405 205.3 208.1 2.80 2.70 New Zone
includes 206.8 207.5 0.70 9.26 New Zone
includes 206.8 207.2 0.40 12.90 New Zone
HR10-468 77.6 79.1 1.50 3.63 Golden Mile
includes 78.3 78.7 0.40 11.40 Golden Mile
HR10-469 111.0 114.0 3.00 2.25 Golden Mile
includes 113.0 113.5 0.50 11.80 Golden Mile
HR10-438 370.3 371.3 1.00 3.66 Golden Mile HW
HR10-466 17.2 17.5 0.30 6.14 Golden Mile HW
HR10-471 81.0 83.2 2.20 2.00 Golden Mile HW
includes 82.7 83.2 0.50 4.25 Golden Mile HW
HR10-385 6.1 8.1 2.00 1.65 Lucky Strike
includes 7.4 7.7 0.30 10.30 Lucky Strike
HR10-388 45.0 46.5 1.50 18.87 Lucky Strike
includes 45.8 46.1 0.30 87.10 Lucky Strike
HR10-450 26.6 28.30 1.70 3.74 Lucky Strike
includes 26.6 27.40 0.80 4.94 Lucky Strike
HR10-451 52.0 52.70 0.70 0.95 Lucky Strike
HR10-452 46.8 49.40 2.60 13.40 Lucky Strike
includes 47.3 48.30 1.00 32.55 Lucky Strike
and 47.8 48.30 0.50 36.80 Lucky Strike
HR10-453 93.6 96.10 2.50 1.10 Lucky Strike
includes 93.6 94.20 0.60 4.04 Lucky Strike
to the shoulders of a sample or sample intervals. Sampling will be commenced to infill and to expand
the surface areas of the gold zones in e xisting trenches and outcrops . Where drill technical data is
wanting, surveyors will locate drill collars and down hole surveys will be done with equipment not
influenced by the highly magnetic character of the host rocks.
It is expected that some results of this early work will be available for release beginning within the next
few weeks and the Company will keep its stakeholders fully apprised of its progress and findings. Once
our planning has advanced and permit obtained, Gold’n Futures will c ommence its first diamond drill
program for which we are anticipating an initial round in the order of 10,000m.
Qualified Person
The scientific and technical content of this press release has been prepared, reviewed and approved by
Mr. Walter Hanych, P. Ge o., who is a Qualified Person under NI 43 -101 regulations and is a director of
the Company.
Private Placements
Gold’n Futures also announces it has arranged private placement financings for working capital and
exploration funds.
Gold’n Futures intends t o complete a non -brokered private placement financing (the " Offering") for
gross proceeds up to $6,000,000. Pursuant to the Offering, the Company intends to issue: (a) up to
13,333,333 (" Hard Units "), at a price of $0.15 per Hard Unit, for aggregate gross proceeds of up to
$2,000,000; and (b) up to 20,000,000 "flow-through" shares (" FT Shares"), at a price of $0.2 0 per FT
Share, for aggregate gross proceeds of $4,000,000. The proceeds from the sale of FT Shares will be
used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) and will be
renounced for the current taxation year.
Each Hard Unit will consist of one common share in the capital of the Company and one common share
purchase warrant (each common share purchase warr ant, a "Hard Unit Warrant"), with each Hard Unit
Warrant being exercisable to acquire one common share of the Company at a price of $0.25 for a period
of 36 months following the closing date of the Offering.
Completion of the Offering is subject to appro val of the Canadian Securities Exchange and other
requisite approvals. All of the securities issuable in connection with the Offering will be subject to a
hold period expiring four months and one day after date of issuance.
A finder's fee in shares, cash, warrants or a combination of all may be payable in connection with this
placement which will not exceed the maximum allowable under the policies of the CSE.
About Gold’n Futures Mineral Corp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a Canadian based exploration
company focused on advancing its Hercules gold project located in the Hercules -Elmhurst property .
The Hercules Project is located 120 kilometres northeast of Thund er Bay, Ont., in the townships of
Elmhurst and Rickaby, within the Thunder Bay North Mining District in the heart of the Beardmore –
Geraldton gold mining camp . The property lies within an Archean greenstone belt that extends from
the Longlac area in the east to Lake Nipigon in the west, a distance of about 130 kilometres. The
property consists of 372 contiguous claim cells (6,951 hectares). To date, the work completed on the
property forms an extensive database including reconnaissance grab samples; cha nnel samples; a
variety of geophysical surveys; and, a drill hole database that includes historic al drilling totalling in the
order of 537 holes. More than a total of 2,000 grab and channel samples were collected from the
property. In the last two field seasons, more than 150,000 square metres of trenches were developed
much of which have been fully reclaimed . For more information, please visit our website at:
www.goldnfuturesmineralcorp.com
On behalf of the Board of Directors
For further information
Stephen Wilkinson,
President and CEO,
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
This news release may contain forward -looking statements based on assumptions and judgments of management regarding
future events or results. Such st atements are subject to a variety of risks and uncertainties which could cause actual events or
results to differ materially from those reflected in the forward -looking statements. There is no assurance the private placement,
property option, change of boa rd or reinstatement of trading referred to above will close on the terms as stated, or at all. The
Company disclaims any intention or obligation to revise or update such statements.