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LGHT.CN ·

Alerio Gold Corp to commence trading on the Canadian Securities Exchange

Listings & Exchange

LEGAL_37451004.2

#1000 – 409 Granville Street

Vancouver, BC, Canada, V6C 1T2

604-602-0001

Alerio Gold Corp to commence trading on the Canadian Securities Exchange

Vancouver, British Columbia – November 2, 2021 – Alerio Gold Corp. (the “Company”) announces that

it has now received final approval from the Canadian Securities Exchange (the “ CSE”) with respect to its

acquisition of two mining properties from Goldeneye Capital Corp. (the “Acquisition”) and the Company’s

common shares will commence trading on the CSE on November 3, 2021, under the symbol “ALE”.

“We are very pleased to announce our listing on the Canadian Securities Exchange”, said CEO, Jonathan

Challis. “Starting with the historic resource of 499,000 ozs and infrastructure on the Tassawinni Property,

we have significant potential to expand this while looking to increase our footprint in Guyana”.

For further information concerning the Company and its business, please see the Form 2A Listing

Statement of the Company dated October 29, 2021 (the “Listing Statement”), completed in connection

with the closing of the Acquisition and subsequent listing. A copy of the Listing Statement was filed under

the Company’s profile at www.sedar.com or visit our website at www.aleriogold.com.

About Alerio Gold Corp.

Alerio Gold Corp. is a mineral exploration and development company in the business of acquiring,

exploring, and developing natural resource properties, with a focus in Guyana, SA. The company currently

has 100% interest in two gold properties located in Guyana.

ON BEHALF OF THE BOARD of DIRECTORS

“Jonathan Challis”

Jonathan Challis, CEO presents Alerio Gold Corp

For further information, please contact:

Geoff Balderson

Chief Financial Officer, Secretary, and Director

Telephone: 604-602-0001

Email: [email protected]

Forward-Looking Information

This press release contains forward-looking statements. Forward-looking statements can be identified by

the use of words such as, “anticipates”, “expects”, “is expected”, “intends”, “believes”, or variations of

such words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or

LEGAL_37451004.2

be achieved. Forward-looking statements include those relating to the acquisition by Project One of all of

the Properties and the corresponding issuance of the Consideration Shares, the satisfaction of necessary

terms and conditions of the Definitive Agreement to complete the Acquisition, and the ownership of the

Properties via power of attorney

. Forward-looking statements are not a guarantee of future performance and are based upon a number of

estimates and assumptions of management in light of management’s experience and perception of trends,

current conditions and expected developments, including assumptions related to the ability of both

companies to successfully complete all the conditions precedent under the Definitive Agreement and the

companies receiving all necessary future approvals and permits. Actual results, performance or

achievement could differ materially from that expressed in, or implied by, any forward-looking statements

in this press release, and, accordingly, undue reli ance should not be placed on any such forward -looking

statements and they are not guarantees of future results. Forward-looking statements involve significant

risks, assumptions, uncertainties and other factors that may cause actual future results or antic ipated

events to differ materially from those expressed or implied in any forward -looking statements. Except as

required by law, Project One undertakes no obligation to publicly update any forward-looking statements,

whether as a result of new information, future events or otherwise.

The CSE nor its market regulator does not accept responsibility for the adequacy or accuracy of this news

release. The CSE has in no way passed upon the merits of the proposed Transaction and has neither

approved nor disapproved the contents of this news release.

Forward-Looking Information

This release includes certain statements that may be deemed “forward -looking statements”. All

statements in this release, other than statements of historical facts, that address events or developments

that the Company expects to occur, are forward -looking statements. Forward -looking statements are

statements that are not historical facts and are generally, but not always, identified by the words

“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar

expressions, or that events or conditions “will”, “would”, “m ay”, “could” or “should” occur. Forward -

looking statements in this press included the: resumption of trading of the Company’s common shares on

the CSE and the exploration of the Tassawini Property. Although the Company believes the expectations

expressed in such forward-looking statements are based on reasonable assumptions, such statements are

not guarantees of future performance and actual results may differ materially from those in the forward-

looking statements. Factors that could cause the actual results to differ materially from those in forward-

looking statements include regulatory actions, market prices, and continued a vailability of capital and

financing, and general economic, market or business conditions. Investors are cautioned that any such

statements are not guarantees of future performance and actual results or developments may differ

LEGAL_37451004.2

materially from those project ed in the forward -looking statements. Forward -looking statements are

based on the beliefs, estimates and opinions of the Company’s management on the date the statements

are made. Except as required by applicable securities laws, the Company undertakes no o bligation to

update these forward-looking statements in the event that management’s beliefs, estimates or opinions,

or other factors, should change.

The CSE nor its market regulator does not accept responsibility for the adequacy or accuracy of this

news release. The CSE has in no way passed upon the merits of the Acquisition and has neither approved

nor disapproved the contents of this news release.