Flow Metals Corp. - March 14, 2024 News Release
1890 - 1075 West Georgia Street
Vancouver, BC V6E 3C9
T: 604-725-1857
FLOW METALS ANNOUNCES SIXTYMILE GOLD PROJECT CLASS 3 DRILL PERMIT
APPLICATION AND SHARE ISSUANCE PURSUANT TO ADVANCED ROYALTY PAYMENT
Vancouver, BC – March 14, 2024 – Flow Metals Corp. (“Flow Metals” or the “Company”) announces that
pursuant to the option agreement dated March 23, 2019 to acquire the Sixtymile Property, it has entered
into debt settlement agreements (the “Settlement Agreements ”) with the vendors of the Sixtymile
Property to settle the annual advanced royalty payment of $30,000 and it has entered into Settlement
Agreements with two insiders of the Company to settle outstanding fees accrued from exploration work
at the New Brenda Property in the amount of $15,000 (the “Debt Settlement”).
Pursuant to the Settlement Agreements, the Company ha s agreed to issue an aggregate of 599,998
Common shares at a deemed price of $0. 075 per Common share to the vendors and insiders. Closing of
the Settlement Agreements is anticipated to occur on or before March 21, 2024.
The Securities issued pursuant to the Settlement Agreements will be subject to a statutory hold period of
four months plus a day from issuance in accordance with applicable securities laws.
The Company is also pleased to announce that has applied for a class 3 quartz exploration program permit
to further define the continuation of the thrust fault zone at the Sixtymile Property last explored in 2021.
About Sixtymile, Yukon
Sixtymile covers 65 km2 of quartz claim mining tenure over three active placer camps. The project is a 2
hour drive west of Dawson City at the Alaska border. F our gold -bearing creeks on the project have
produced over 200,000 ounces of placer gold since the discovery of gold at Sixtymile over 100 years ago.
About New Brenda, British Columbia
New Brenda represents a new road accessible Porphyry style geochemical and magnetic anomaly within
the southern BC Quesnel terrane. The Xenoliths Porphyry (XP) target is hosted in the Pennask Batholith
also seen at the neighboring Brenda mine to the east. The xenoliths from which XP gets its name are
heavily altered Nicola volcanics that have been replaced by biotite.
About Flow Metals
Flow Metals is a mining exploration company focused on advancing two 100% owned road access projects
in established mining districts of British Columbia and Yukon.
For further information, please contact:
Scott Sheldon, President
604.725.1857
1890 - 1075 West Georgia Street
Vancouver, BC V6E 3C9
T: 604-725-1857
Forward-Looking Information
This press release may include “forward -looking information” (as that term is defined by Canadian
securities legislation), concerning the Company’s business. Forward -looking information is based on
certain key expectations and assumptions made by the Company’s management, including future plans
for the exploration and development of its mineral properties, future production, reserve potential, and
events or developments that the Company expects. Although the Company believes that such
expectations and assumptions are reasonable, investors should not rely unduly on such forward -looking
information as the Company can give no assurance, they will prove to be correc t. Forward -looking
statements in this press release are made as of the date of this press release. The Company disclaims any
intent or obligation to publicly update any forward looking information (whether because of new
information, future events or results, or otherwise) other than as required by applicable securities laws.
There are several risk factors that could cause future results to differ materially from those described
herein. Information identifying risks and uncertainties is contained in the Com pany's filings with the
Canadian securities regulators, which filings are available atwww.sedarplus.ca.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved
of the contents of this news release.