Portofino Provides Corporate Update
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 PROVIDES CORPORATE UPDATE
Vancouver, B.C., March 25, 2020. PORTOFINO RESOURCES INC. (POR: TSX -V) (POTA: FSE) (“Portofino”
or the “Company”) reports that given the extreme market volatility in world equity markets, the Company
is doing everything it can to meet these very challenging conditions. Portofino is following government
and health official guidelines and in keeping with physical distancing recommendations, taking
precautions to minimize health risks to all stakeholders . Despite a difficult economic environment, the
investing community’s level of interest in gold and gold equities is increasing and Portofino’s management
believes it can continue to advance the Company’s prospects.
Portofino’s geological team has completed its previously announced , South of Otter project field work
and is now compiling and processing final data regarding its ground VLF/EM geophysics and soil
geochemistry sampling program. In addition, an exploration permit application has been submitted to the
Ministry of Northern Mines and Development pursuant to the next stage of exploration work which is
intended to focus on a trenching and drilling program.
The South of Otter property contains excellent targets for both Red Lake-style gold mineralization as well
as gold bearing base metal prospects. Historical work on the property included prospecting, sampling,
limited drilling as well as airborne magnetic geophysical surveys.
Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Alex Pleson, P. Geo.,
who is a member of the Association of Professional Geoscientists of Ontario and is a Qualified Person as
defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Portofino Resources Inc.
Portofino is a Vancouver -based Canadian company focused on acquiring, exploring and developing
mineral resource projects. Its South of Otter gold project is located in the historic gold mining district of
Red Lake, Ontario proximal to the Dixie property owned by Great Bear Resources Ltd. Great Bear has
recently reported multiple high-grade gold discoveries. The Company also maintains an interest in
prospective lithium salar properties located within the world-renowned “Lithium Triangle” in Argentina.
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 news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the “Company”). All forward-
looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s p roject
expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that
any such statements are not guarantees of future performance and that actual performance and exploration and financial result s may differ
materially from any estimates or projections.