Grande Portage Issues Statement About Recent Stock Trading Activity
#501, 595 Howe Street, Vancouver, BC, V6C 2T5
Ph: (604) 899-0106
Grande Portage Issues Statement About Recent Stock Trading Activity
VANCOUVER, BC, October 17, 2018 – Grande Portage Resources Ltd. (TSX-V: “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); (“Grande Portage” or the “Company”) was made aware of and requested
by OTC Markets Group Inc. (“OTC Markets”) to comment on recent trading and promotional activity
related to the Company’s common shares.
Grande Portage’s common shares trade on the TSX Venture Exchange in Canada, its principal trading
market (the “TSXV”) , and began quotation in the United States on the OTCQB on July 2, 2018. Grande
Portage has complied with its reporting requirements in Canada and disclosure requirements of the OTCQB,
including press releases and updates on the status of its business and operations at the Herbert Gold
Property. In mid-September 2018, the Company engaged and announced via news release (October 4 , 2018)
that it had retained four independent media companies to assist with enhancing market awareness. These
included Stockhouse Publishing Ltd., Howe Street Media , Rocks to Riches and Winning Media LLC. The
Company did not engage any third-party investor relations firm.
In early to mid -October, various independent third -party editorial summaries were published which
recommended Grande Portage and highlighted its summer work program in Alaska . The Company believes
these summaries, in addition to Company’s recent news releases, led to increased interest and trading activity.
The Company believes that there is a correlation betwee n the timing of the editorial articles and increased
trading activity of Grande Portage’s common shares on the OTCQB. Grande Portage became aware of the
articles after being published in early to mid October. Each media company is an independent third -party
and is not affiliated with Grande Portage beyond the previously disclosed awareness campaigns.
In early October 2018, the various media companies commenced online media campaign s that were
developed from written materials containing information from Grande Portage’s public filings . These
activities include the creation of website landing page s, links to landing page s, audio commercials , internet
radio, directed editorials, news blasts, news spotlights and banner ads. These were prepared using materials
from Grande Portage’s public filings including its 2018 NI 43-101 technical report and previous news
releases. In addition, Grande Portage’s Chief Executive Officer responded to interview requests in early
October 2018, as part of ordinary course inve stor relations and to provide updates. Grande Portage’s review
of any editorial summaries was limited to confirmation of factual matters based upon its current and past drill
programs.
After inquiry, Grande Portage has confirmed that its officers, directors and third-party service providers have
not, directly or indirectly, authorized or been involved in any way (including payment to a third -party) with
the creation or distribution of promotional materials regarding Grande Portage or its securities, outsid e of
those produced by Stockhouse Publishing Ltd., Howe Street Media , Rocks to Riches and Winning Media
LLC.
#501, 595 Howe Street, Vancouver, BC, V6C 2T5
Ph: (604) 899-0106
- 2 -
OTC Markets requested that Grande Portage disclose, after inquiry, whether the Company or any officer,
director, controlling shareholder (defined as owning 10% or more of the outstanding stock), or any third-
party service providers have sold or purchased Grande Portage’s securities during the past 90 days.
As disclosed in the Company’s press release dated September 25 , 2018, the Company granted op tions
exercisable into common shares of Grande Portage at C$0.22, above the closing price on the TSX Venture
Exchange (“TSXV”) September 25, 2018, which was also the date of grant.
The Company confirms, as was reported on SEDI, that one director sold common shares of the Company
within the past 90 days (during August 2018) and one director purchased Company common shares and
warrants in the Company’s rece nt short-form prospectus offering in Canada. After inquiry, the Company is
not aware of any other sale or purchase of Company securities by any director or officer or by a controlling
shareholder.
After inquiry, t o the best of Grande Portage’s knowledge, none of Grande Portage’s third -party service
providers have sold or purchased Grande Portage’s securities within the past 90 days.
In accordance with TSXV policies, Grande Portage has not issued shares or convertible instruments allowing
conversion to equity securities at prices constituting a discount to the current market rate at the time of the
issuance.
Grande Portage encourages those interested in the Company to rely solely on information included in its
press releases combined with its filings and disclosures made with OTC Markets and with Canadian securities
authorities on SEDAR (www.sedar.com).
Grande Portage routinely responds to inquiries from shareholders, potential investors and investment
analysts and prepares its own investor relations materials. As such, the Company urges its shareholders and
interested parties to review Grande Portage’s website and its filings on SEDAR.
About Grande Portage:
Grande Portage Resources Ltd. is a Tier 2 publicly traded mineral exploration company principally focused
on the Herbert Gold Property situated approximately 25 km north of Juneau, Alaska. The Company holds a
100% leasehold interest in the Herbert Gold Property, subject to a 5% NSR in favour of the underlying
property owners. The Herbert Gold Property has an amended and restated NI 43-101 technical report dated
July 12, 2018, effective May 28, 2018, completed with an uncut Indicated Mineral Resource of 1,107,000
tonnes containing 257,950 oz of gold at 7.25 g/t and uncut Inferred Mineral Resources of 423,200 tonnes
containing 82,200 oz of gold at 6.04g/t, each at a 2.5 gpt cut-off. The system is open to length and depth and
is host to at least six main composite vein -fault structures that contain ribbon structure quartz -sulfide veins.
The project lies prominently within the 160km long Juneau Gold Belt, which has produced nearly seven
million ounces of gold. The results from the Company’s drilling programs confirm the identification of
major elements of a complex mesothermal gold-quartz system with numerous targets.
ON BEHALF OF THE BOARD
“Ian Klassen”
Ian M. Klassen
President & Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS
DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE