Golden Reign and Marlin GOLD Enter into Further Mutual Extension of Non- Binding Letter of Intent to Combine Businesses
GOLDEN REIGN AND MARLIN GOLD ENTER INTO FURTHER MUTUAL EXTENSION OF NON-
BINDING LETTER OF INTENT TO COMBINE BUSINESSES
VANCOUVER, July 3 , 2018 - Golden Reign Resources Ltd. (TSX-V: GRR) (“Golden Reign”), Marlin
Gold Mining Ltd. (TSX-V: MLN) (“Marlin”) and Sailfish Royalty Co rp. (TSX-V: FISH) (“Sailfish”) are
pleased to announce that they have entered into an agreement to further extend the termination date of
the previously announced non -binding letter of intent (the “LOI”) regarding the business combination of
Golden Reign’s wholly -owned San Albino -Murra Property in Nueva Segovia, Nicaragua and Marlin’s La
Trinidad Mine in Sinaloa, Mex ico (see joint press release s dated May 14, 2018 and June 28, 2018 ). The
LOI will now terminate on the earlier of (a) Ju ly 31, 2018, (b) entering into of the definitive arrangement
agreement in connection with the business combination, and (c) such other d ate as may be mutually
agreed by the parties in writing. All other terms of the LOI remain in full force and effect, unamended.
About Golden Reign:
Golden Reign Resources Ltd. is a publicly listed (TSX -V: GRR) mineral exploration company engaged in
exploring the San Albino -Murra Property and the El Jicaro Property, both of which are located in Nueva
Segovia, Nicaragua. The c ompany’s prime objective is to bring its San Albino Gold Deposit into
production quickly and efficiently, building cash flow to further advance a number of its other prospective
exploration targets. The Company’s land package comprises 13,771 hectares (138 km2) of prospective
ground for gold and silver mineralization. Hundreds of historical mines and workings exist within the
Corona de Oro Gold Belt, which is approximately 3 kilometres wide by 20 kilomet res long and is spanned
by the c ompany’s land package. For additional information please visit our website at
www.goldenreign.com and SEDAR www.sedar.com.
About Marlin Gold
Marlin is a growth-oriented gold and silver mining company focused on the Americas. The company owns
three properties located in Mexico and the USA and a portfolio of royalties. Marlin's priority is to profitably
operate its La Trinidad Mine, conduct further e xploration on its other projects and enhance shareholder
value through a strategic relationship with Sailfish Royalty Corp. (TSX -V:FISH). Marlin is backed by a
well-funded investor with a successful track record in the resources sector. The La Trinidad Min e in
Sinaloa, Mexico declared commercial production on November 1, 2014 and is one of the highest grade
open pit heap leach gold mines in Mexico.
About Sailfish Royalty
Sailfish is a yield -focussed royalty company. Sailfish owns the TZ Royalty, which is a 3.5% royalty on
revenues derived from the sale of gold on Eldorado Gold Corp.’s advanced stage Tocantinzinho gold
project, and also holds a gold stream agreement on the San Albino gold project in Northern Nicaragua.
For further information: Kevin Bullo ck, Chief Executive Officer, Golden Reign Resources Ltd.,
telephone: (647) 388 -1842, e -mail: [email protected]; Akiba Leisman, Executive Chairman and
Interim CEO, Marlin Gold Mining Ltd., telephone: 203 -862-7059, e-mail: [email protected]; and
Cesar Gonzalez, Director and Vice President of Corporate Development, Sailfish Royalty Corp.,
telephone: 230-862-7007, e-mail: [email protected].
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Forward-Looking Statements: Some of the stat ements contained herein may be considered “forward -
looking information” within the meaning of applicable securities laws. Forward -looking information is
based on cert ain expectations and assumption that are considered reasonable at the time, however
undue reliance should not be placed on the forward looking information as the companies can give no
assurance that they will provide to be correct. As forward -looking statements address anticipated future
events and conditions, such f orward-looking information i s subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from those reflected in the forward -looking
information, including, without limitation, the risk that a Definitive Agreement is not reached and the LOI is
terminated and other risks and uncertainties including those discussed in each company’s disclosure
documents which can be found under each company’s profile at www.sedar.com. None of Golden Reign,
Marlin or Sailfish undertakes any obligation to revise or update any forward -looking information set forth
herein, except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts res ponsibility for the adequacy or accuracy of this
release.