Golden Birch Announces Update to Status of Keveri Option Party
Golden Birch News Release –November 30, 2020
1
140 Cook’s Lake Road
Timmins, Ontario
P4R 0B7 Canada
Golden Birch Announces Update to Status of Keveri Option Party
Timmins, Ontario (November 30, 2020) - Golden Birch Resources Inc. (CSE:GBRX) (“Golden Birch” or the
“Company”) announces that further to its announcement on September 16, 2020,it has been informed that
the parties to the action (the “PMPL Action”) in the Western Australia Supreme Court have entered into a
settlement agreement. The parties to the PMPL Action were a certain shareholder of Papuan Minerals Pty Ltd
(“PMPL”), the Directors of PMPL, and PMPL itself. The Company is not a party to the PMPL Action and neither
PMPL nor Papuan Minerals Ltd (“PML”) is an affiliate of Golden Birch.
Golden Birch is a party to an option agreement dated March 20, 2020 (the “Option Agreement”) among PMPL
and PML, a wholly-owned subsidiary of PMPL and the holder of the exploration licences that make up the
Keveri project (“Keveri Project”). Pursuant to the Option Agreement, Golden Birch holds the option to earn up
to an 85% interest in PML.
Golden Birch is continuing to seek further information and take legal advice on the matter and it will update
the market on any relevant developments as required. The Company does not expect these legal proceedings
will have a material impact on its exploration plans or commitment at the Keveri Project.
About Golden Birch Resources Inc.
Golden Birch Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing
quality mineral properties in Papua New Guinea. Core values for the Company are respect for the community,
the landowners, the environment and operating a safe workplace for its employees. The Company is also
committed to best practise standards of corporate governance.
For further information please visit the Company’s website at www.goldenbirchresources.ca or contact:
Golden Birch Resources
Iain Martin, Chief Administrative Officer (CAO)
& Executive Director
Yellow Jersey PR Limited
Sarah Hollins
Henry Wilkinson
Emma Becirovic
Tel: +1 (0) 705 288 0249
Tel: +44 (0) 20 3004 9512
Forward-Looking Statements
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to
differ materially from the statements made. Such statements reflect the Company’s present views, future plans, objective or goals,
including words to the effect that the Company or management expects a stated condition or result to occur. When used in this
document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar
expressions are intended to identify forward-looking statements. Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements
are based on information currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Many risks, uncertainties, and other factors involved with forward-looking information could cause
Golden Birch News Release –November 30, 2020
2
140 Cook’s Lake Road
Timmins, Ontario
P4R 0B7 Canada
our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the
Canadian securities regulatory authorities.
Forward-looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans,
statements, such actual results of current exploration programs, the general risks associated with the mining industry, the price
of copper, gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market
factors, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated
mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or
other project approvals, political risks, , uncertainties relating to the availability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration
and development industry, the inability to predict and counteract the effects of COVID -19 on the business of the Company,
including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour
and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news
release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims
any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future
events or otherwise, other than as required by law.