Portofino Applies FOR Extension of Warrants
Suite 520 – 470 Granville Street
Vancouver, BC, CANADA V6C 1V5
Telephone: 604-683-1991
Fax: 604-683-8544
www.portofinoresources.com
PORTOFINO
RESOURCES INC.
NEWS RELEASE
PORTOFINO APPLIES FOR EXTENSION OF WARRANTS
Vancouver, B.C., October 14, 2022. PORTOFINO RESOURCES INC. (TSX -V: POR) (OTCQB: PFFOF) (FSE:
POTA) (“Portofino” or the “Company”) is applying to the TSX Venture Exchange for a one-year extension
of 6,305,000 common share purchase warrants set to expire on November 09, 2022 . The warrants are
exercisable into common shares of the company at a price of $0.15 per share and were issued pursuant
to a non-brokered private placement consisting of 6,305,000 common share units at a price of $0.10 per
unit that closed on Nov. 09, 2020.
Subject to TSX Venture Exchange acceptance, the warrants will have an amended expir y date of
November 09, 2023. All other terms and conditions of the warrants, includin g the exercise price, remain
the same.
About Portofino Resources Inc.
Portofino is a Vancouver -based Canadian company focused on exploring and developing mineral
resource projects in the Americas. Portofino has an opportunity to earn a majority interest in multiple
lithium pro jects in Sa lta, Argentina and up to 100% of the Yergo Lithium property in Catamarca. The
properties are situated in the heart of the world -renown Argentine Lithium Triangle and in close
proximity to multiple world-class lithium projects. The Company also has the right to earn 100% interest
in three nort hwestern Ontario, Canada lithium projects: Allison Lake North, Greenheart Lake and
McNamara Lake.
Portofino’s South of Otter and Bruce Lake projects are in the historic gold mining di strict of Red Lake,
Ontario, Canada proximal to the Dixie gold project discovered by Great Bear Resources and now owned
by Kinross Gold Corp. In addition, Portofino holds three other northwestern Ontario gold projects; the
Gold Creek property located imme diately south of the hi storic Sheb andowan mine, as well as the
Sapawe W est and Melema West properties located in the rapidly developing Atikokan gold mining
camp.
ON BEHALF OF THE BOARD
“David G. Tafel”
Chief Executive Officer
For Further Information Contact:
David Tafel CEO,
Director 604-683-1991
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 new s release contai ns "forward -looking statements" within the meaning of applicable securities laws. All
statements contained herein that are not clearly historical in nature may constitute forward -looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not antic ipate", or "believes", or variations of such words
and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "will continue", "will occur" or "will be achieved". The forward -looking i nformation and forward -
looking sta tements contained herein inc lude, but are not limited to, statements regarding the growth and
development of the Company’s business as currently anticipated. These statements involve known and unknown
risks, uncertainties and oth er factors, whic h may cause actual results, performance or achievements to differ
materially from those expressed or implied by such statements . Readers are cautioned that the foregoing list is not
exhaustive. Readers are further cautioned not to pl ace undue reliance on forward-looking statements, as there can
be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information,
although considered reasonable by management at the time of preparation, may prove to be incorrect a nd actual
results may differ materially from those anticipated. Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date here of and
are subject to c hange thereafter. The Company undertake s no obligation to update or revise any forward -looking
statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or
to explain any material difference between subsequent actual events and such forward-looking information, except
as required by applicable law.