Grande Portage Resources Announces Extension of Expiry Date for Warrants
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
Grande Portage Resources Announces Extension of Expiry Date for Warrants
Vancouver, British Columbia —April 25, 2025 – Grande Portage Resources Ltd. (TSXV: GPG)
(OTCQB: GPTRF) (FSE: GPB) ("Grande Portage" or the "Company") announces that it has applied to
the TSX Venture Exchange to extend the expiry date for 5,550,000 of its outstanding unlisted common share
purchase warrants (the "Warrants"). The Warrants, each of which is currently exercisable to purchase one
common share of the Company at $0. 30 per share, were originally issued by the Company as part of non -
brokered unit private placement financing completed in May 2023. The Company will extend the expiry date
of the Warrants to 4:30 pm PST on May 10, 2026, subject to TSX Venture Exchange approval.
The Company currently has an aggregate of 5,550,000 Warrants issued and outstanding pertaining to the
Private Placement, all of which are eligible for amendment, pursuant to the policies of the Exchange.
About Grande Portage:
Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on advancing the
New Amalga Mine project, the outgrowth of the Herbert Gold discovery situated approximately 25 km north
of Juneau, Alaska. The Company holds a 100% interest in the New Amalga property. The New Amalga gold
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 eight million ounces of gold.
The Company's updated NI#43 -101 Mineral Resource Estimate (MRE) reported at a base case mineral
resources cut -off grade of 2.5 grams per tonne gold (g/t Au) and consists of: an Indicated Resource of
1,438,500 ounces of gold at an average grade of 9.47 g/t Au (4,726,000 tonnes); and an Inferred Resource of
515,700 ounces of gold at an average grade of 8.85 g/t Au (1,813,000 tonnes), as well as an Indicated
Resource of 891,600 ounces of silver at an average grade of 5.86 g/t Ag (4,726,000 tonnes); and an Inferred
Resource of 390,600 ounces of silver at an average grade of 7.33 g/t silver (1,813,000 tonnes). The MRE was
prepared by Dr. David R. Webb, Ph.D., P.Geol., P.Eng. (DRW Geological Consultants Ltd.) with an
effective date of July 17, 2024.
ON BEHALF OF THE BOARD
"Ian Klassen"
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: [email protected]
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
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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 management 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 to 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