“Company”) announces the private disposition of 1,500,000 common shares of Lithium South Corporation, at a price of $ 0.60 Cdn. Prior to the Transaction , the Acquiror held 6,074,498 Shares and 6,074,498 common share purchase warrants (the “Warrants”) of th e Company. As a result of the
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Vancouver, British Columbia / February 5, 2021 – Gold Port Corp oration CSE: GPO ( t h e
“Company”) announces the private disposition of 1,500,000 common shares of Lithium South
Corporation, at a price of $ 0.60 Cdn. Prior to the Transaction , the Acquiror held 6,074,498 Shares and
6,074,498 common share purchase warrants (the “Warrants”) of th e Company. As a result of the
Transaction, the Acquiror holds 4,574,498 Shares and 6,074,498 Warrants. The Acquiror holds a total of
4,574,498 Shares representing 11.39% of the Company’s issued an d outstanding Shares on a non-diluted
basis and on a partially diluted basis (i.e., assuming full exe rcise of all Warrants and no other issuances of
Shares by the Company) the Acquiror holds a total of 10,648,996 Shares representing 23.03%.
ON BEHALF OF THE BOARD OF DIRECTORS
Adrian F.C. Hobkirk,
President, CEO and Director
T: 9546848040
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.
Some of the statements contained in this release are forward‐lo oking statements, such as estimates and statements that describ e the
Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated con dition or result
to occur. Since forward‐looking statements address future event s and conditions, by their very nature, they involve inherent r isks and
uncertainties. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the
Company's Management's Discussion and Analysis and other disclo sure filings with Canadian securities regulators, which are pos ted on
www.sedar.com.