Origen Makes Further Strategic Investment in Newfoundland Focused Exploits Gold Corp.
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
Origen Makes Further Strategic Investment in Newfoundland Focused Exploits
Gold Corp.
Vancouver, B.C. September 1, 2020. Origen Resources Inc. (the “Company” or “Origen”) (CSE:ORGN) is
pleased to announce that it has entered into a purchase agreement with Crest Resources Inc. (“Crest”)
to purchase additional shares of Exploits Gold Corp. (“Exploits”). Origen will purchase 3, 000,000 shares
of Exploits from Crest in exchange for 4,2 00,000 Origen shares. Exploits is a private exploration
company engaged in exploring for district scale high-grade gold deposits in the Central Newfoundland
Gold Belt. Recent discoveries in the Cent ral Newfoundland Gold Belt include New Found Gold Corp.’ s
Queensway discovery and this invest ment by Origen expands its position in Exp loits and exposure to a
great opportunity in an emerging gold district. In the Company’s June 11, 2020 news release it
announced its initial strategic investment into Exploits. Upon completion of this transaction Origen will
own a total of 3,666,667 shares representing 19.5% of Exploits outstanding shares.
About Exploits
Exploits Gold Corp. holds a strategic land position, with its core mineral land holdings predating the 2019
New Found Gold Corp. discovery. The two projects are known as the Mt. Peyton and Jonathan’s Pond
gold p rojects. The Mt. Peyton and Jonathans Pond propert ies are located two and twenty -five
kilometers west and northeast respectively of New Found Gold’s Queensway Discovery. Both projects
are easily a ccessible via the Trans Canada Hi ghway and together consist of 939 mineral claims
encompassing a land area totalling 234.75 km² in the Exploits Subzone Camp.
CEO Blake Morgan comments, "W e have watched the development of exploration in the Exploits
Subzone and the team running exploration at Exploits, and we are pleased to have this opportunity to
further invest in Exploits Gold Corp. This investment will provide a financial base for Or igen as well as a
window into opportunity in this exciting gold play. "
Exploits Highlights
• The Mt. Peyton project is situated on a 15 km strike length airborne magnetic anomaly,
coincident with the anomalous gold float grab samples.
• The Jonathan’s Pond project hosts visible gold bearing quartz veins up to 3m wide, with a
current strike length of 450m and open in all directions.
• Both projects contain high priority exploration targets and are fully permitted for mechanical
trenching, geochemical sampling, and geophysical surveys.
The Transaction
Origen currently holds 66 6,667 shares of Exploits . Origen will purchase 3, 000,000 shares of Exploits
from Crest in exchange for 4,2 00,000 Origen shares. On the close of this transacti on Origen will hold
3,666,667 shares in E xploits, representing a 19.5% interest in Exploits Gold Co rp. The transaction is
deemed to be a non-arm’s length transaction as Mi chael Collins, a Director of Origen is also an Officer
and Director of Exploits.
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
– 2 –
Michael Collins, P Geo., a Qualified Person as that term is defined in NI 43 -101 has prepared, supervised
the preparation or approved the scientific and technical disclosure in the news release.
About Origen
Origen is an exploratio n company engaged in generati ng, acquiring and a dvancing base an d precious
metal properties. The Compan y currently holds a property portfolio of f our 100% owned precious and
base metal projects in southern British Columbia and recently acquired a 100% interest in the 26,771 ha
LGM project and an option to acquire a 100% interest in the 3,971 ha Wishbone property in the mineral
rich Golden Triangle of British Columbia.
On behalf of Origen,
Blake Morgan
President
For further information, please contact Blake Morgan, President at 236-878-4938 or Gary Schellenberg,
CEO at 604-681-0221.
Neither the Canadian Securities Ex change nor its Regulation Services Provider (as th at term is defined
in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy
of this press release.