Origen Resources 2020 Year-End Recap and Plans for an Active 2021
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
Origen Resources 2020 Year-End Recap and Plans for an Active 2021
Vancouver, B.C. January 8, 2021. Origen Resources Inc. (the “Company” or “Origen”) (CSE: ORGN) is
pleased to provide this year-end review and outline plans for an active 2021.
“The whole Origen team is extremely proud of what we have accomplished in eight short months since
listing in May amidst the challenges that COVID-19 has delivered. We were able to enhance our asset
base by acquiring five new projects, entering into option agreements to advance projects and making
strategic investments tha t are currently val ued at approximately $ 2,200,000. With the momentum
created by th ese achievements, 2021 is looking very positive for o ur shareholders ,” states Origen
President, Blake Morgan.
2020 Highlights:
• Gold discoveries in newly acquired LGM and optioned Wishbone projects in B.C.’ s Golden Triangle
in a two phase program setting the stage for an exciting 2021.
• Entered into an option to acquire a 100% in terest in the Middle Ridge pr operty in the pr olific
“Exploits Subzone Gold Belt” in Newfoundland.
• Acquired a 100% interest in two base and precious metals projects in southern B.C.
• Entered into agreements with third parties to advance two of the Company’s exploration assets.
• Completed two investments in Exploits Discovery Corp. (CSE: NFLD) that resulted in the purchase
of 3.67 million shares.
Origen began trading on May 5th and hit the ground running by acquiring a 100% interest in the precious
and base metal Bonanza Mountain and Broken Handle project s located in southern BC. The Company
capitalized on t his momentum with the a cquisition of a dominant 30,742 hectare land package in the
mineral endowed Go lden T riangle of northwest B.C. Origen acquired a 100 % inter est in t he LGM
project and an option to acquire a 100% interest in the Wishbone project which lies 12km to the west of
the LGM and adjace nt to Teck and Newmont’s Galore Creek project. The final property acquisition of
2020 occurred in November with the Company entering into an option to acquir e a 100% interest in the
Middle Ridge pr operty in the prolific “ Exploits Subzone Gold Belt ” in Newfoundlan d, home to New
Found Gold Corp.’s Queensway discovery.
During 2020, Origen also made two investments in Ex ploits Discovery Corp. (CSE: NFLD) to diversify its
asset portfolio. T he two inve stments resulted in the combined purchase of 3.67 million shares of
Exploits Discovery that are currently valued at approximately $ 2,200,000. T his investment will provide
the Company with an alternative, non-dilutive source of financing in the future.
Phase 1 exploration work kicked-off at the LGM and Wishbone projects in July and led to several exciting
discoveries. The Wishbone property has experienced substantial glacial retreat since it last witnessed
systematic exploration work which aided in the discover y of the Rat gold zone , a 1000m x 500m area
that exhibits broad gol d-silver mineralization and is open in all direct ions. At the LGM project, soil
sampling 900 meters north of the known Lucifer showing at the NULU target shows a gold anomaly and
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
– 2 –
correlated copper and molybdenum values similar to Lucifer. The newly reported NULU gold anomaly is
aligned with historical Noranda r esults and may represent the northerly ext ension of the Lucifer ta rget
and remains open to the north . The Company completed a follow -up phase two field program in
September and is still a waiting assays results due to unprecedented delays with analytical l abs. Results
are expected shortly and will be released as they are received.
With a stable of high -quality exploration properties in its portfolio, the Com pany received considerable
interest in 2020 from p arties seeking to acquire an interest in assets of this calibre. In June, the
Company entered into an option agreement with Tearlach Resources Ltd. (“Tearlach”) agreeing to terms
on the Bonanza Mountain property whereby it c an earn up to a 75% interest in the property. The
Company has received notificat ion from Tearlach that the option agreemen t has been approved and
option payments are forthcoming. Following the Bonanza Mountain deal, the Company completed its
divestment of its interest in the K agoot pr operty to West Mining C orp. ( CSE: WEST) in exchange for
shares. Bringing in partners to adv ance the Company’s assets is a main part of Or igen’s business model
and is expected to continue in 2021.
2021 Exploration Outline
Planning is well underway and will see Origen active on a number of fronts to build upon successes from
2020. Exploration plans for 2021 include:
• An airborne magnetometer and EM survey, set to be flown over the Middle Ridge Property in the
coming weeks
• An aggressive follow-up program at the LGM and Wishb one projects that includes drilling,
airborne geophysical surveys , and additional map ping an d sampl ing on the extens ive land
package.
About Origen
Origen is an exploratio n compan y engaged in generati ng, acquiring and a dvancing base an d precious
metal properties. The Company currently ho lds a property portfolio of f our 100% owned precious and
base metal projects in sou thern British Columbia, a 100% int erest 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, and a 100% interest in the Middle Ridge Pond project in Newfoundland.
On behalf of Origen,
Blake Morgan
President
For further info rmation, please contact Blake Morgan, President at 236-878-4938 or Gary Schellenberg,
CEO at 604-681-0221.
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
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Neither the Canadian Securitie s Exchange nor its Regulat ion Services Provider (as that term is defined
in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy
of this press release.
Certain of the statements made and information contained herein may constitute “f orward-looking
information.” In particular references to the private placement and future work programs or
expectations on the quality or result s of suc h work programs are subject to risks associated with
operations on the property, exploration activity ge nerally, equipment limitations and availability, as well
as other risks that we may not be currently aware of. Accordingly, readers are advised not to p lace
undue reliance on forward-looking information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly update or revise forward-looking
information, whether as a result of new information, future events or otherwise.