Minaurum GOLD Inc. Announces Holdings IN Infinitum Copper Corp.
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: March 17, 2022 TRADING SYMBOL TSX.V:MGG
MINAURUM GOLD INC. ANNOUNCES HOLDINGS
IN INFINITUM COPPER CORP.
Minaurum Gold Inc. (" Minaurum" or the " Company") (TSXV:MGG) (OTCQX:MMRGF)
announces that, in connection with the completion of Infinitum Copper Corp.'s (formerly Bayshore
Petroleum Corp.) ("Infinitum") acquisition (the " Transaction") of Infinitum Copper Mining
Corp. (formerly Infinitum Copper Corp.) (the "RTO Acquiror") as detailed in Infinitum's news
release dated March 14, 2022 and Filing Statement dated February 11, 2022, the Company
acquired beneficial ownership over 6,105,438 common shares of Infinitum (the “Shares”).
Prior to t he Transaction, the Company did not hold beneficial ownership or control over any
securities of Infinitum. Upon closing the Transaction, t he Company now holds 6,105,438 Shares
which represents 16.00% of Infinitum's issued and outstanding Shares, as of the closing date of
the Transaction, on both a non-diluted and partially-diluted basis.
The Company acquired the securities pursuant to the Transaction and in accordance with a mineral
property option and joint venture agreement dated February 17, 2021 entered into between the
Company, the RTO Acquiror and Minera Minaurum Gold, S.A. de C.V., a wholly -owned
subsidiary of the Company. The Company intends to evaluate its investment in Infinitum and to
increase or decrease its shareholdings from time to time as the Company may determine
appropriate for investment purposes.
This news release is being issued i n accordance with National Instrument 62 - 103 – The Early
Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the
filing of an early warning report. A copy of the early warning report can be found on the Infinitum's
SEDAR profile at www.SEDAR.com. For more information, or to obtain a copy of the early
warning report, please contact:
Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTCQX; 78M | Frankfurt)
is a Mexico-focused explorer concentrating on the high -grade Alamos silver project in southern
Sonora. With a property portfolio encompassing multiple additional district -scale projects,
Minaurum is managed by one of the strongest technical and finance teams in Mexico. Minaurum's
goal is to continue its founders' legacy of creating shareholder value by making district -scale
mineral discoveries and executing accretive mining transactions. For more information, please
visit our website at www.minaurum.com and follow us on YouTube, Twitter and LinkedIn.
ON BEHALF OF THE BOARD
“Darrell A. Rader”
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at [email protected]
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
news release.
___________________________________________________________________________
2710 – 200 Granville Street Telephone 778 330-0994
Vancouver, BC V6C 1S4 www.minaurum.com
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward -
looking information. In making the forward-looking statements in this release, Minaurum has applied certain factors
and assumptions that are based on Minaurum’ s current beliefs as well as assumptions made by and information
currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release
are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from
those expressed or implied in such forward -looking statements. Readers are cautioned not to place undue reliance
on forward-looking statements. Minaurum does not intend, and expressly disclaims any intention or obligation to,
update or revise any forward -looking statements whether as a result of new information, future events or otherwise,
except as required by law.