Vangold Mining Provides Update on Intermont Resources Acquisition and Clarifies Trading Halt
Vangold Mining Provides Update on Intermont Resources Acquisition and
Clarifies Trading Halt
October 23, 2018 -- Vancouver, BC – Vangold Mining Corp. (TSXV: VAN) ("Vangold" or the "Company") is
pleased to announce that it is now working to complete the definitive agreement to close its acquisition
for 100% ownership of Intermont Resources LLC’s Nevada mining claims. Further to the details of the
Letter of Intent disclosed in the Company’s news release dated August 27, 2018, the Company and the
transaction are subject to the customary conditions of similar transactions with the TSX Venture
Exchange.
Other project developments relate to the Company’s El Pinguico Phase 2 drilling plans. Recent efforts
have been made to expedite the drilling permit by submitting requests to break out the drilling portion
of the MIA (Environmental Permit) as a stand-alone submission. Once the drilling permit is granted the
Company will be in a position to continue with the planned drill targets.
Further to the temporary trading suspension of its shares, on Oct 22, 2018, the Company wishes to
clarify the status of deficiency in maintaining the account of its Transfer Agent, Computershare Investor
Services Inc., that went unpaid due to an internal mis-communication. The Company immediately
corrected this issue with its Transfer Agent and has now changed its procedures to prevent a recurrence
in future.
Trading is expected to resume in normal course upon dissemination of this news release.
About Vangold Mining Corp.
Vangold Mining Corp is a Canadian -based precious metal mining company with a goal to acquire
significant exploration opportunities supported by a defined set of geological principals. The Company has
a diverse range of quality projects in Mexico and is now expanding with a significant land package in
Nevada, USA and near production properties in Guyana, SA. Vangold will continue to expand its portfolio
with near production opportunities that bring value to shareholders by providing longer term exploration
upside and mineral resource growth potential.
The Company’s Common Shares trade on the TSX Venture Exchange under the symbol “VAN” and on the
OTC American Exchange under the symbol “VGLDF”.
ON BEHALF OF THE BOARD OF DIRECTORS
"Cameron S. King"
President, CEO and Director
For further information regarding Vangold Mining Corp, please contact:
Cameron King, +1 (604) 499-6545
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange Inc. has in no way pa ssed upon the merits of the proposed Transaction and
has neither approved nor disapproved the contents of this press release.
Forward-Looking Statements
This news release contains certain “forward -looking statements”. This forward -looking information inc ludes, or may be based
upon estimates, forecasts and statements of management’s expectations with respect to, among other things, the completion of
the proposed Transaction , the issuance of permits, the size and quality of mineral resources , future trends for the company,
progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs,
demand and market outlook for metals, future metal prices and treatment and refining or milling charg es, the outcome of legal
proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the
financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results
and future events could differ materially and substantially from those anticipated in such statements. Investors should not rely
on forward-looking statements because they are subject to a variety of risks, uncertainties and other fact ors that could cause
actual results to differ material ly from Vangold's expectations, and expressly does not undertake any duty to update forward -
looking statements. These factors include, but are not limited to the following, limited operating history, pr oposed exploration
and/or drill programs and other fac tors which may cause the actual results, performance or achievements of Vangold to be
materially different from any future resul ts, performance or achievements expressed or implied by such forward -looking
statements.