Astorius Provides Corporate Update
TSX Venture Exchange:
ASQ.V
Frankfurt: 47 A.F
FOR IMMEDIATE RELEASE
ASTORIUS PROVIDES CORPORATE UPDATE
Vancouver, B.C. (February 21, 2020) Astorius Resources Ltd. (TSX-V:ASQ) (“Astorius” or the “Company”)
is pleased to provide an update shareholders. The Company successfully completed its most recent
financing, (news release dated February 7, 2020), and is currently planning its exploration and development
objectives for the upcoming quarters . With the recent acquisition of an addi tional gold property located
along the Cadillac Fault in Val d’Or and proximal to the Exxeter gold deposit, the Company is focussed on
enhancing shareholder in 2020 through the further ance of its exploration assets and the acquisition of
strategic gold targets.
In 2019, Gold had its best performance since 2010 when it gained 30 percent in the fallout of the housing
and financial crisis , rising by 18.4% in US dollar term s. Gold has outperformed major global bond and
emerging market stock benchmarks in the same period (see chart below).
Gold continues to break higher in 2020 despite a strong US dollar, with a well -known chart set-up looking
like it is driving to move higher according to recent article by DailyFX. On February 19th, 2020, Citi upgraded
its six-to-12-month price target for gold to $1,700/oz and upgraded its 2020 base case average gold price
forecast from $1,575 to $1,640/oz.
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Citi commodity strategists also projected fresh nominal highs of $2,000/oz to be breached in the next 12
to 24 months. Gold is breaking above a major point of resistance and moving up to new multi -year highs.
“We are incredibly pleased with what is happening in the gold sector at the moment. Astorius is well
positioned to capitalize upon the continued outstanding performance of gold and we expect to make
significant strides this year”, stated Arthur Brown, President and Director.
About Astorius
Astorius Resources Ltd. ( www.astoriusresources.com) is engaged in the business of mineral exploration
for the purpose of acquiring and advancing mineral properties located in North and South America.
For further information please contact:
Arthur Brown, President & Director (604) 685-7720
www.astoriusresources.com
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. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and
other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.
Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual
results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Astorius believes that the assumptions used in preparing
the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed
on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Astorius 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 applicable securities
laws.