Royal Road to Resume Exploration Work in Colombia: Colombian National Mining Authority Lifts Operating Restrictions for Mineral Exploration Subject to COVID-19 Guidelines
Royal Road to Resume Exploration Work in Colombia:
Colombian National Mining Authority Lifts Operating
Restrictions for Mineral Exploration Subject to COVID-19
Guidelines
Toronto, Ontario--(Newsfile Corp. - April 20, 2020) - Royal Road Minerals Limited (TSXV: RYR) ("
Royal Road
" or the
"
Company
") announces that by way of
Government Circular 4011
issued by the Colombian Ministry of Mines and Energy on
April the 17
th
, it has been notified that mineral exploration work may now continue in Colombia, subject to the Company
complying with certain national health authority guidelines pertaining to the management and mitigation of the COVID-19
pandemic. The Company has filed operating protocols relating to these guidelines with national authorities in Colombia, has
published them on the home page of its corporate web site and is currently supplementing them, where deemed fit, with
additional obligations and guidance under the Company's commitment to IFC (World Bank Group) Performance Standards.
"This is welcome news from the Colombian authorities but we recognize that it comes with caution and expectation," said Tim
Coughlin, Royal Road's President and CEO. "We intend to meet and exceed national health authority guidelines and aim to
ensure that local government and local communities are fully-informed and supportive of our plans to continue our exploration
activities. We would like to take this opportunity to recognize and extend our gratitude to the Colombian Mining Chamber for
their tireless work in facilitating meaningful engagement on this important issue."
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement:
This news release contains certain statements that constitute forward-looking information and forward-looking statements
within the meaning of applicable securities laws (collectively, "forward-looking statements") including statements relating to
Government Circular 4011 and those describing the Company's future plans and the expectations of its management that a
stated result or condition will occur. Such forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements of the Company, or developments in the
Company's business or in the mineral resources industry, or with respect to Government Circular 4011 and activities
contemplated thereby, to differ materially from the anticipated results, performance, achievements or developments
expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding
possible events, conditions or results of operations that is based on assumptions about, among other things, future economic
conditions and courses of action, and assumptions related to government approvals, community approvals and anticipated
costs and expenditures. The words "plans", "prospective", "expect", "intend", "intends to" and similar expressions identify
forward looking statements, which may also include, without limitation, any statement relating to future events, conditions or
circumstances. Forward-looking statements of the Company contained in this news release, which may prove to be incorrect,
include, but are not limited to, those related to Government Circular 4011, the Company and the Company's exploration
plans.
The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of
the date they are made. There is no guarantee that the anticipated benefits of Government Circular 4011 and the Company's
business plans or operations will be achieved. The risks and uncertainties that may affect forward-looking statements include,
among others: economic market conditions, anticipated costs and expenditures, government approvals, community
approvals and other risks detailed from time to time in the Company's filings with Canadian provincial securities regulators or
other applicable regulatory authorities. Forward-looking statements included herein are based on the current plans,
estimates, projections, beliefs and opinions of the Company management and, in part, on information provided to the
Company by Colombian regulators and, except as required by law, the Company does not undertake any obligation to
update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions
change.
For further information please contact:
Dr. Timothy Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/54625