Signature Provides Progress Report ON Airborne Survey of Its Lingman Lake Property and Grant of Options
SIGNATURE RESOURCES LTD.
SIGNATURE PROVIDES PROGRESS REPORT ON AIRBORNE SURVEY OF ITS LINGMAN
LAKE PROPERTY AND GRANT OF OPTIONS
FOR IMMEDIATE RELEASE March 21, 2018
Toronto, Ontario, March 21, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF ) ("Signature" or
the " Company ") announces that to date, over 80% of its Lingman lake property has been covered by the airborne
survey. The airborne survey conducted by Teraquest Ltd. is comprised of the acquisition of data using high resolution
magnetics and digital matrix VLF EM. It will be flo wn over the majority of Signature’s 9,896.8 hectare property.
“We are thrilled that finally the weather has chang ed, and that the flight crews have been able to tak e advantage of
the opportunities to fly. We anticipate, weather pe rmitting, to achieve completion of the survey by en d of week. We
are very excited by this survey and its implication s to discovering new mineralized systems within the Lingman lake
greenstone belt. Not only will the response signatu res of the gold mineralized zones serve to provide a base-line for
investigating the strike extension of these zones, well beyond their current footprint, they will also serve as a model
for prioritizing high target areas outside the main Lingman lake gold zones”, commented Walter Hanych, President
and CEO.
The Company also announces the grant of an aggregat e of 1,150,000 options exercisable at $0.08 per sha re and
exercisable for a period of five years for followin g the date of grant. 500,000 options were issued t o Mr. Walter
Hanych, CEO, 500,000 to Mr. Jonathan Held, CFO, 75, 000 to Keith McDowell and 75,000 to Stephen Timms. The
options vest 25% at issuance an additional 25% ever y 6 month anniversary from issuance.
About Signature
Signature’s Lingman Lake gold property consists of four free hold patented claims and the 50 staked cl aims, totaling
9,896.8 hectares. The property hosts an historic es timate of 234,684 oz. of gold* (1,063,904 tonnes gr ading 6.86 g/t
with 2.73 gpt cut-off) and includes what has histor ically been referred to as the Lingman Lake Gold Mi ne, an
underground substructure consisting of a 126.5-mete r shaft, and 3-levels at 46-meters, 84-meters and 1 22-meters
depths.
*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information
provided by governmental authorities. A Qualified P erson has not done sufficient work to verify the cl assification of the mineral
resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI
43-101-compliant mineral resource estimate. Establi shing a current mineral resource estimate on the Li ngman Lake deposit will
require further evaluation, which the Company and i ts consultants intend to complete in due course. Ad ditional information
regarding historical resource estimates is availabl e in the technical report entitled, “Technical Repo rt on the Lingman Lake
Property” dated December 20, 2013, prepared by Walt er Hanych, P.Geo., and Frank Racicot, P.Geo., available on the Company’s
SEDAR profile at www.sedar.com .
To find out more about Signature Resources Limited, visit our website at www. signatureresources .ca , or contact:
Walter Hanych
Chief Executive Officer
705.446.5379
Cautionary Notes
Neither 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 news release.
This news release contains forward-looking statemen ts which are not statements of historical fact. For ward-looking
statements include estimates and statements that de scribe the Company’s future plans, objectives or go als, including
words to the effect that the Company or management expects a stated condition or result to occur. Forw ard-looking
statements may be identified by such terms as “beli eves”, “anticipates”, “expects”, “estimates”, “may” , “could”,
“would”, “will”, or “plan”. Since forward-looking s tatements are based on assumptions and address futu re 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. Risks, uncertainties and other factors involved with forward-looking inform ation could
cause actual events, results, performance, prospect s and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forwar d looking information in this news release includes , but is not
limited to, use of proceeds of the Financing, closi ng of additional tranches pursuant to the Financing and proceeds
therefrom, the Company’s objectives, goals or futur e plans, statements, exploration results, potential mineralization,
the estimation of mineral resources, exploration an d mine development plans, timing of the commencemen t of
operations and estimates of market conditions. Fact ors that could cause actual results to differ mater ially from such
forward-looking information include, but are not li mited to changes in general economic and financial market
conditions, failure to identify mineral resources, failure to convert estimated mineral resources to r eserves, the
inability to complete a feasibility study which rec ommends a production decision, the preliminary natu re of
metallurgical test results, delays in obtaining or failures to obtain required governmental, environme ntal or other
project approvals, political risks, inability to fu lfill the duty to accommodate First Nations and oth er indigenous
peoples, uncertainties relating to the availability and costs of financing needed in the future, chang es 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, and those risks set out i n the Company’s public documents filed on SEDAR. Al though the
Company believes that the assumptions and factors u sed 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 th at such events will occur in the disclosed time fra mes or at all.
The Company disclaims any intention or obligation t o update or revise any forward-looking information, whether as
a result of new information, future events or otherwise, other than as required by law.