Gold Port Advances Exploration Momentum with New Private Placement
Gold Port Advances Exploration Momentum with New Private Placement
October 27, 2025 / British Columbia / Gold Port Corporation (CSE: GPO | OTCQB:
GPOTF) ("Gold Port" or the "Company") is pleased to announce a non -brokered private
placement of up to 1 7,100,000 units ("Units") at a price of CAD$0.075 per Unit, for gross
proceeds of up to CAD$1,282,500.
Each Unit will consist of one common share and one transferable common share purchase
warrant. Each warrant will entitle the holder to acquire one additional common share at an
exercise price of CAD$0.10, valid for five years from the date of closing. All securities issued
will be subject to a statutory hold period of one year. No finder’s fees will be paid in
connection with this financing. The offering remains subject to regulatory approval,
including that of the TSX Venture Exchange.
Proceeds from the placement will be directed toward advancing the Company’s 100% -
owned Groete Gold Copper Project in Guyana, South America. The Groete Project currently
hosts a NI 43 -101 Inferred resource of 1.57 million ounces Cu -Au equivalent and offers
significant potential for expansion.
An initial drill campaign of up to 10,000 meters is planned, aimed at both upgrading the
existing Inferred Resource to the Measured and Indicated categories and testing new target
zones. The Company owns a Multi -Power Products Discovery I core rig, along with all
necessary support supplies, and will mobilize to the site once road access is complete. To
support the field program, the Company has also secured a fully modular camp system to
provide improved on-site working conditions.
The Groete Gold Copper Project is strategically located with excellent accessibility via the
Essequibo River system. With recent gold prices exceeding US$4, 000 per ounce, and the
historical resource calculated using US$1,275 per ounce gold, the project represents a strong
value opportunity in the current metals market.
Gold Port remains focused on unlocking the full potential of the Groete Gold Copper Project
and creating long -term value for shareholders through resource growth from responsible
exploration.
About Gold Port Corporation
Gold Port Resources Corporation ( GPO) is focused on the further exploration and
development of the 100% owned Groete Gold Copper Project (the “Project”), located in
Guyana, South America. The current focus of the Company is to enhance the NI 43 -101
inferred gold copper resource defined at the Project to a higher resource classification, and
to potentially expand the total mineral inventory. The Project was last explored in 2012,
which included a drill program that allowed the calculation of an Inferred Mineral Resource
of 1.57 million gold equivalent ounces (gold plus copper) within 74 million tonnes, at a grade
of 0.66 grams per tonne gold copper equivalent. A cut -off grade of 0.25 gold equivalent
grams per tonne, a gold price of US$1,275 per ounce and copper price of US$3.00 per pound
was used in the calculation of the Inferred Mineral Resource. Details of the Mineral Resource
are contained in a National Instrument 43 -101 report titled, Technical Report and Updated
Mineral Resource Estimate on the Groete Gold Copper Deposit, Groete Property, Guyana, South
America by P&E Mining Consultants Inc., dated April 16, 2019, available on SEDAR and the
Company website at www.goldportcorporation.com.
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President, CEO and Director
T: 954-684-8040
W: www.goldportcorporation.com
Mr. William Feyerabend, CPG, a Consulting Geologist and Qualified Person under National
Instrument 43-101, and a Director of the Company, participated in the writing of this press
release and approves the scientific and technical content.
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the
adequacy or accuracy of this release.
This news release contains certain “forward -looking statements” within the meaning of Section 21E of the
United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating
to the Company, certain information co ntained herein constitutes forward -looking statements. Forward -
looking statements are based upon opinions and estimates of management on the date the statements are made
and are subject to a variety of risks and uncertainties and other factors which could cause actual results to
differ materially from those projected in the forward-looking statements. The reader is cautioned not to place
undue reliance on forward- looking statements. We seek safe harbor.