Midas Gold Grants Shares & Cash to the Stibnite Foundation Stibnite Foundation will help to fund important community projects in Idaho
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Midas Gold Grants Shares & Cash to the Stibnite Foundation
Stibnite Foundation will help to fund important community projects in Idaho
VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced it has provided
an initial cash grant of $100,000 and issued 1.5 million common shares in the capital of the Company (the
“Foundation Shares”) , valued at US$877,500, to launch the Stibnite Foundation in Idaho . These grants to the
Stibnite Foundation ( the “Foundation”) were made in accordance with the Company’s ongoing annual and
milestone funding obligations pursuant to the terms of the Community Agreement, details of which can be found
in the Company’s December 4, 2018 news release. The Foundation will support projects that benefit the
communities surrounding the Stibnite Gold Projec t and was created through the establishment of the Community
Agreement between Midas Gold Idaho and eight communities and counties throughout the West Central
Mountains region of Idaho.
The Foundation Shares are subject to, among other things, a hold per iod of four months, and may not be traded
until August 1 7, 2019 except as permitted by applicable securities legislation and the rules and policies of the
Toronto Stock Exchange.
“Being involved in the communit ies where we work has always been a strong part of the ethos of our company,”
said Laurel Sayer, CEO of Midas Gold Idaho. “Since day one, we have helped to support the projects and causes that
are important to the community. Over the past ten years, we’ve donated hundreds of thousands of dollars to local
organizations, helped support efforts to upgrade two community parks and given many hours of our time to give
back to the place we call home. Establishing the Stibnite Foundation is the next chapter of our company’s
commitment to giving back to Idaho.”
Midas Gold will be required to directly address impacts of the Stibnite Gold P roject, such as power and road
improvements and environmental mitigation, through the permitting process. The Stibnite Foundation is intended
to be a tool to fund projects that address other community desires and needs that may arise. Midas Gold will fund
the Foundation through a combination of cash and stock contributions with the intent that the F oundation forms
an endowment that can support local communities for generations . This is the first issuance of shares to the
foundation, with additional cash and share grants scheduled tied to future progress .
About the Stibnite Foundation
The Stibnite Foundation was created through the establishment o f a Community Agreement between Midas Gold
Corp, Midas Gold Idaho and Adams County, Cascade, Council, Donnelly, Idaho County, New Meadows, Riggins and
Yellow Pine. The Community Agreement was signed at the end of 2018.
Each of the communities who are part of the agreement appoint one representative to sit on the board of directors
for the Stibnite Foundation. Communities are still in the process of appointing their representatives , and these
appointments are anticipated to be completed in the near future. The Foundation places decision-making authority
into the hands of the board of directors, and in turn the local communities. Midas Gold strongly believes that
community members know the best investments to make to have t he biggest impact.
Any group or community project may apply for funding from the Foundation, regardless of participation in the
Community Agreement.
The Community Agreement obligated Midas Gold to create the Foundation and contribute cash and shares bas ed
on calendar and project milestones. In fulfillment of requirements for 2019, in addition to the grant of shares, Midas
Gold will contribute a total of $200,000 this year and will provide another $100,000 in 2020. The Stibnite Foundation
will continue to receive contributions from Midas Gold throughout operations based on a percentage of profit , as
well as an additional grant of shares .
NEWS RELEASE
April 16, 2019
#2019-07
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Midas Gold is in the process of es tablishing the necessary legal and tax status to begin operating as a charitable
foundation. Charitable giving will begin within a year after receiving the necessary tax status from the Internal
Revenue Service.
Stibnite Gold Project Permitting Background
A detailed presentation on the PRO can be found at www.midasgoldcorp.com. Details of previous news releases and
technical studies can be found filed under Midas Gold’s profile on SEDAR ( www.sedar.com) or at
www.midasgoldcorp.com.
For further information about Midas Gold Corp., please contact:
Liz Monger -- Manager, Investor Relations (t): 778.724.4704
(e): [email protected]
Facebook: www.facebook.com/midasgoldidaho Twitter: @MidasIdaho
Website: www.midasgoldcorp.com
About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries are focused on the exploration and, if warranted, site
restoration and development of gold- antimony-silver deposits in the Stibnite -Yellow Pine district of central Idaho
that are encompassed by its Stibnite Gold Project.
Forward-Looking Information
Statements contained in this news release that are not historical facts are "forward -looking information" or
"forward-looking statements" (collectively, "Forward -Looking Information") within the meaning of applicable
Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forwar d-
Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial
performance that is based on assumptions about future economic conditions, courses of action and business
objectives. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as
"advance", "create", "benefit", “intends” or variations of such words and phrases or statements that certain actions,
events or results “completion”, "would", "occur" or "be achieved". Although Midas Gold has attempted to identify
important factors that could affect Midas Gold and may cause actual actions, events or results to differ materially
from those described in Forward- Looking Information, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. In making the forward- looking statements in this news
release, Midas Gold has applied several material assumptions, including the assumption that general business and
economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-
Looking Information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Acc ordingly, readers should not place undue reliance on Forward- Looking
Information. Except as required by law, Midas Gold does not assume any obligation to release publicly any revisions
to Forward-Looking Information contained in this news release to reflec t events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.