Golden Reign and Marlin GOLD Provide Update Regarding Proposed Business Combination
GOLDEN REIGN AND MARLIN GOLD PROVIDE UPDATE REGARDING
PROPOSED BUSINESS COMBINATION
VANCOUVER, July 31, 2018 - Golden Reign Resources Ltd. (TSX-V: GRR) (“Golden Reign”), Marlin
Gold Mining Ltd. (TSX-V: MLN) (“Marlin”) and Sailfish Royalty Corp. (TSX-V: FISH) (“Sailfish”) are
pleased to provide an update regarding the proposed business combination of Golden Reign’s wholly-
owned San Albino-Murra Property in Nueva Segovia, Nicaragua and Marlin’s La Trinidad Mine in Sinaloa,
Mexico.
The parties have been diligently working towards sett ling all structuring and def initive documentation,
including a revised stream arrangement to be enter ed on closing having the equivalent effect of a net
smelter royalty on the area of interest and surroundi ng areas, in connection with completing the proposed
business combination. As previously announced, the proposed business combination will be completed by
way of a plan of arrangement unde r which Golden Reign will acquire all of the issued and outstanding
shares of Marlin following completion of a corporate reorganization being undertaken by Marlin. Upon
completion of the proposed transactions, it is expected that the current shareholders and option holders of
Marlin will own in aggregate approximately 45% of the shares of Golden Reign (after the distribution of the
Golden Reign shares already owned by Marlin to certain of its shareholders) and current non-Marlin Golden
Reign shareholders will own approximately 55% of the shares.
The parties expect to be in a position to execut e the arrangement agreement and ancillary definitive
documentation on or before August 10, 2018, and to co mplete and mail all meeting materials prior to the
end of August 2018 in order to hold their respective shareholder meetings to seek all required shareholder
approvals in connection with completing the proposed transactions by the end of September 2018.
About Golden Reign:
Golden Reign Resources Ltd. is a publicly listed (TSX-V: GRR) mineral exploration company engaged in
exploring the San Albino-Murra Prope rty and the El Jicaro Property, bot h of which are located in Nueva
Segovia, Nicaragua. The company’s prime objective is to bring its San Albino Gold Deposit into production
quickly and efficiently, building cash flow to further ad vance 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. Hundre ds of historical mines and workings exist within the Corona de Oro
Gold Belt, which is approximately 3 kilometres wide by 20 kilometres long and is spanned by the company’s
land package. For additional information please visi t 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 exploration 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 Mine 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.
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About Sailfish Royalty
Sailfish is a yield-focussed royalt y company. Sailfish owns the TZ Royalty, which is a 3.5% royalty on
revenues derived from the sale of gold on Eldor ado 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 Bullock, Chief Executive Officer, Golden Reign Resources Ltd., telephone:
(647) 388-1842, e-mail: [email protected]; Ak iba 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].
Forward-Looking Statements: Some of the statements contained herein may be considered “forward-
looking information” within the meaning of applicable securities laws. Forward-looking information is based
on certain expectations and assumption that are co nsidered 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 ant icipated future events and
conditions, such forward-looking information is subjec t to a variety of risks and uncertainties which could
cause actual events or results to differ materially fr om those reflected in the forward-looking information,
including, without limitation, the risk that definit ive agreements are not reached and the non-binding letter
of intent is terminated, the ri sk that the definitive agreements are not executed and the respective
shareholder meetings are not held within the timefr ames contemplated in this news release, 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 forw ard-looking information set forth herein, except as
may be required by law.
Neither the TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.