Japan Gold Reports Discontinuation of First Quantum Option Agreement for Lithocap Projects
TSX-V: JG
OTCQB: JGLDF
Suite 650 – 669 Howe Street, Vancouver, BC V6C 0B4 Canada
Phone: +1 778-725-1491
www.japangold.com
NEWS RELEASE
Japan Gold Reports Discontinuation of First Quantum Option Agreement for Lithocap Projects
April 5, 2019 – Vancouver, BC – Japan Gold Corp. (TSX-V: JG) (OTCQB: JGLDF) (“Japan Gold”
or the “Company”) reports that First Quantum Minerals Ltd. (“ FQML”) has decided not to enter into a
formal earn-in agreement following completion of an initial surface evaluation on the four lithocap projects
(Eboshi, Kobui, Minamikayabe, and Kamitsue) identified in the binding letter agreement between the two
companies.
Based on the results of a rapid first -pass appraisal including semi -detailed mapping, broadly spaced soil
and rock sampling, FQML have indicated that these projects, given the data available at this time, do not
fit the ir target criteria, which, in the case of Kamitsue , identified a higher weighting towards gold
prospectivity than copper.
The Company is encouraged by the early -stage data generated by FQML and believes that three of the
projects (Eboshi, Kobui and Kamitsue) warrant further investigation including geophysics and drilling in
order to more thoroughly investigate their potential for porphyry mineralisation.
Japan Gold will continue to pursue a variety of interested parties to further advance these and other projects
throughout its portfolio.
“We thank FQML for the work completed on the lithocap projects and appreciate their positive endorsement
of the technical and logistical skills of the Japan Gold team as Operators of their program. Despite the fact
that their initial exploration findings did not fit their target criteria, Japan Gold believes in the potential of
the projects and will promptly explore alternate partnerships to advance the Eboshi, Kobui, and Kamitsue
Lithocap projects”
“As a nation-wide project generator, Japan Gold’s portfolio includes both early stage and intermediate stage
projects, such as our twelve low-sulfidation epithermal gold projects, which all sit within historic mining
districts. Our objective is to evaluate existing and future early stage prospects with non -dilutive
partnerships, where strategically advantageous. Separately , our 2019 gold exploration program is
proceeding with drill programs to commence in May at the Ikutahara Project and in June at the Ohra-
Takamine Project”, John Proust commented.
For more information on the Company’s Projects, please visit our website www.japangold.com
Qualified Person
The technical information in this news release has been reviewed and approved by Japan Gold’s President
& Chief Operating Officer, Dr. Mike Andrews, PhD, FAusIMM, FSEG, who is a Qualified Person as
defined by National Instrument 43-101.
On behalf of the Board of Japan Gold Corp.
“John Proust”
2
Chairman & CEO
About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold and copper -gold
exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company holds
a portfolio of 12 Gold Projects which cover areas with known g old occurrences, a history of mining and
are prospective for high-grade epithermal gold mineralization . The Company also holds a portfolio of 5
gold-bearing Lithocap Projects which could indicate the presence of porphyry mineralization. Japan Gold's
leadership team has decades of resource industry and business experience, and the Company has recruited
geologists and technical advisors with experience exploring and operating in Japan. More information is
available at www.japangold.com or by email at [email protected].
For further information please contact:
John Proust
Chairman & CEO
Phone: 778-725-1491
Email: [email protected]
Website: www.japangold.com
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward -looking statements relating to expected or anticipated future events
and anticipated results related to future partnerships and the Company’s 2019 gold exploration program.
These statements are forward- looking in nature and, as a result, are subject to certain risks and
uncertainties, such as general economic, market and business conditions, competition for qualified staff,
the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential
delays or changes in plans, uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of
prospecting rights, uncertainties regarding the Company’s ability to execute and implement future plans,
and the occurrence of unexpected events. Actual results achieved may vary from the information provided
herein as a result of numerous known and unknown risks and uncertainties and other factors. No joint
ventures or partnerships are currently in hand and there is no guarantee that the Company will conclude
a joint-venture or partnership.