Cassiar Gold to Extend Warrants
NEWS RELEASE
Cassiar Gold to Extend Warrants
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
VANCOUVER, BRITISH COLUMBIA – (May 2, 2026) – Cassiar Gold Corp. (TSX-V: GLDC, OTCQX: CGLCF) (“Cassiar
Gold” or the “Company”) announces intention to apply to the TSX Venture Exchange (“TSXV”) for approval and
acceptance to amend the expiry term of outstanding common share purchase warrants (“ Warrants”) which
were issued in connection with a private placement that completed in May 2024. The original term of the
Warrants is two years and expire s on May 3, 2026 (the “ Original Expiry Date”) and the Company proposes to
extend the expiry date for one additional month to June 3, 2026 (“Warrant Extension”).
No other terms of the Warrants are to be amended and the exercise price will remain at $0.50 per Warrant.
The Warrant Extension remains subject to acceptance by the TSX V, which may include requiring the Company
to obtain consent from the holders of Warrants that have exercised prior to the Original Expiry Date.
About Cassiar Gold Corp.
Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold
Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main
project areas:
1. Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared
in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards
incorporated by reference in NI 43-101. The pit -constrained MRE contains Indicated Mineral Resources
of 8.8 million tonnes (Mt) at 1.43 grams per tonne gold (g/t Au) for 410,000 ounces of gold in addition to
Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces (Moz) of gold using a 0.4 g/t
Au cut-off grade; 91% of ounces occur within 150 m of surface (see NI 43-101 Technical Report titled
"National Instrument 43 -101 Technical Report on the Cassiar Gold Property", prepared by Zelligan,
P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025); and
2. Cassiar South, which hosts numerous gold showings, historical workings, and exploration prospects.
Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average
head grades of between 10 and 20 g/t Au (NI 43 -101 Technical Report titled "National Instrument 43 -
101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and
dated effective June 8, 2025), underscoring the high potential for further discovery and expansion of
high-grade orogenic gold veins.
The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near
Salmo, British Columbia. The Sheep Creek gold district ranks as the third largest past - producing orogenic gold
district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.
Qualified Person
Jill Maxwell, P.Geo., Cassiar Gold Corp.'s VP Exploration, who is a Qualified Person as defined by National
Instrument 43-101 has verified and approved the technical information in this press release.
CONTACT INFORMATION
Jason Shepherd
VP Investor Relations
Cassiar Gold Corp.
E-mail: [email protected]
Phone: 250-212-2122
Forward-Looking Statements
This press release may contain forward looking statements including those describing Cassiar Gold´s future plans and the expectations of
management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves
inherent risk and uncertainty. Actual results can differ materially from those antici pated by management at the time of writing due to
many factors, the majority of which are beyond the control of Cassiar Gold and its management. In particular, this news release contains
forward-looking statements pertaining, directly or indirectly, to: the Company’s application for the Warrant Extension; the acceptance of
the TSXV to the Warrant Extension; the consent from the holders of Warrants that have exercised prior to the Original Expiry Date ; the
exercise of the Warrants; the Company’s exploration plans and work commitments.
Although Cassiar Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove
to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and
uncertainties, actual results could differ materially from those currently anticipated due to a number of factors and risks. These include,
but are not limited to, general economic, market or business conditions, risks associated with the exploration and developmen t industry
in general (e.g., operational risks in development, exploration and production; the u ncertainty of mineral resource estimates; the
uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental ris ks),
constraint in the availability of services, commodity price and exchange rate fl uctuations, changes in legislation impacting the mining
industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or
development projects or capital expenditures.
Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the
date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes
no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities 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 release.