Grande Portage Resources Announces Exercise of Warrants---Adding $2.34 Million to the Treasury
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GRANDE PORTAGE RESOURCES ANNOUNCES EXERCISE OF
WARRANTS---ADDING $2.34 MILLION TO THE TREASURY
VANCOUVER, BC, July 28, 2021 – Grande Portage Resources Ltd. (TSX -V “GPG”); (OTCQB:
“GPTRF”); (Frankfurt: “GPB”); (" Grande Portage " or " the Company ") is pleased to announce that its
shareholders have exercised approximately 9 9% of the outstanding warrants expiring on July 30, July 31 and
August 6, 2021 ( 14,874,099 warrants) with net proceeds of $2, 334,520 being added to the Company’s
treasury.
The board, management and advisors to the Company exercised a total of 5,060,030 warrants.
The use of proceeds will be employed to continue the Company’s expansion drill program on its 100%
controlled Herbert Gold project in SE Alaska.
Ian Klassen, President and CEO of Grande Portage remarked, "We are very appreciative of all the support
our shareholders continue to give us with their hard earned money. I am very pleased to confirm that
virtually the full complement of warrants expiring recently have now been exercised, a vote of confidence
from our long -term shareholders. GPG now has a total of 9,897,665 warrants outstanding with expiry dates
on January 9, 2022 ($0.45), May 5, 2023 ($0.45), and on June 12, 2023 ($0.72).”
About Grande Portage:
Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on the Herbert
Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest
in the Herbert property. The Herbert Gold property 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 over seven mill ion ounces of
gold. The Company’s updated NI#43 -101 Mineral Resource estimate reported at a base case mineral
resources cut -off grade of 3.0 grams per tonne gold (g/t Au) and consists of: an indicated resource of
1,196,800 ounces of gold at an average gra de of 10.23 g/t Au (3,637,000 tonnes); and an inferred resource of
325,900 ounces of gold at an average grade of 8.91 g/t Au (1,138,000 tonnes), as well as an Indicated resource
of 686,700 ounces of silver at an average grade of 5.87 g/t Ag (3,637,000 tonn es); and an inferred resource of
169,300 ounces of silver at an average grade of 4.63 g/t silver (1,138,000 tonnes).
ON BEHALF OF THE BOARD
“Ian Klassen”
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: [email protected]
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
- 2 -
www.grandeportage.com
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include estimates and statements that describe the Company’s future
plans, objectives or goals, including words to the effect that the Company or mana gement expects a stated
condition or result to occur. Forward -looking statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward -looking
statements are based on assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties as described in the Company's filings with Canadian securities
regulators. There can be no assurance that such statements will prove t o be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward -looking statements. The Company disclaims any intention or obligation
to update or revise any forward-looking information, whether as a result of new information, future events or
otherwise, other than as required by law.
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