Signature Resources Announces the Commissioning of Detailed Interpretive Geophysical Report
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
SIGNATURE RESOURCES ANNOUNCES THE COMMISSIONING OF DETAILED INTERPRETIVE
GEOPHYSICAL REPORT
Toronto, Ontario, June 15, 2020 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF , FSE: 3S3)
("Signature" or the " Company ") is pleased to announce the commissioning of a detailed interpretation of
its geophysical surveys.
“We are excited that we will be undertaking a detailed technical interpretation of the airborne geophysical
surveys in relation to structural controls. This is important because many Archean lode gold deposits have
a strong linear structural control with associated splays which contain zones of gold mineralization. Past
interpretation has defined extended targets, we are now going to enhance these targets to prioritize f or
follow-up ground evaluation by prospecting, mapping, select ground geophysics and soil sampling. Results
from this interpretation will be made available as soon as the structural and geophysical consultants draft
a report of their findings”, commented Walter Hanych, President and CEO of Signature Resources.
Signature is also pleased to announce today it closed a non-brokered private placement (the “ Financing ”)
for gross proceeds of $192,300 by issuing 3,846,000 non-flow through units (“ NFT Units ”) at a price of
$0.05 per NFT Unit.
The Financing consists of NFT Units at a price of $ 0.05 per NFT Unit. Each whole Warrant will entitle the
holder thereof to acquire an additional common share (a “ Warrant Share ”) of the Company at an exercise
price of $0.10 per Warrant Share for a period of 2 years from the date of issuance, provided that if a fter
four (4) months and one (1) day following the closing of the Financing, the closing price of the Company's
common shares on the TSX Venture Exchange is equal to or greater than $0.20 for 10 consecutive trading
days, then the Company may accelerate the expiry date of the Warrants by disseminating a press release
and in such case the Warrants will expire on the 30 th day after the date on which such press release i s
disseminated by the Company.
In conjunction with the Financing, the Company paid cash finders fees of $14,300 and issued 286,000
finder’s warrants (“Finder’s Warrants”). Each Finde r’s Warrant is exercisable to acquire one Common
Share at a price of $0.05, for a period of 2 years from the Closing Date.
Securities issued pursuant to the Financing are subject to a statutory four-month plus one day hold period,
which will expire on October 16, 2020.
Proceeds of this Financing will be used to further finance the Company’s exploration and development
expenses and activities and for general corporate p urposes, which may include, but not limited to
transportation of equipment, fuel and lumber to set up the camp for future drill and exploration programs.
The uses of proceeds remains subject to any restrictions that may be in place due to Covid-19.
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities,
nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale
is unlawful. These securities have not been, and will not be, registered under the United States Securities
Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States
or to U.S. persons unless registered or exempt therefrom.
Qualified Persons
The scientific and technical content of this press release has been prepared, reviewed and approved by
Walter Hanych P.Geo. and President-CEO of Signature Resources who is a Qualified Person as defined in
National Instrument 43-101 - Standards of Disclosure for Mineral Projects
About Signature
The Lingman Lake gold property consists of 502 single cell staked claims, four free hold full patented claims
and 14 mineral rights patented claims totaling appr oximately 9,974 hectares. The property hosts an
historical estimate of 234,684 oz of gold* (1,063,9 04 tonnes grading 6.86 g/t with 2.73 gpt cut-off) a nd
includes what has historically been referred to as the Lingman Lake Gold Mine, an underground
substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-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 Person has not done
sufficient work to verify the classification of the mineral resource estimates in accordance with curr ent
CIM categories. The Company is not treating the his torical estimate as a current NI 43-101 mineral
resource estimate. Establishing a current mineral r esource estimate on the Lingman Lake deposit will
require further evaluation, which the Company and i ts consultants intend to complete in due course.
Additional information regarding historical resource estimates is available in the technical report entitled,
“Technical Report on the Lingman Lake Property” dated December 20, 2013, prepared by Walter 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
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the poli cies of the TSX
Venture Exchange) accepts responsibility for the ad equacy 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 describe the Company’s future plans, objectives or goals, including words
to the effect that the Company or management expect s a stated condition or result to occur. Forward-lo oking statements
may be identified by such terms as “believes”, “ant icipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or
“plan”. Since forward-looking statements are based on assumptions and address future events and condit ions, 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 t hat actual results will meet management’s expectati ons. Risks,
uncertainties and other factors involved with forwa rd-looking information could cause actual events, r esults, performance,
prospects and opportunities to differ materially fr om those expressed or implied by such forward-looki ng information.
Forward looking information in this news release includes, but is not limited to, use of proceeds of the Financing, acceptance
of regulatory filings by the TSX-V, the Company’s objectives, goals or future plans, statements, explo ration results, potential
mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. F actors that could cause actual results to differ ma terially 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 c onvert estimated mineral resources to reserves, the inability to complete a
feasibility study which recommends a production dec ision, the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required government al, environmental or other project approvals, polit ical risks, inability to
fulfill the duty to accommodate First Nations and o ther indigenous peoples, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rat es, fluctuations in
commodity prices, delays in the development of proj ects, capital and operating costs varying significa ntly from estimates
and the other risks involved in the mineral explora tion and development industry, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Compa ny believes that the assumptions and factors used i n preparing the
forward-looking information in this news release ar e reasonable, undue reliance should not be placed o n such information,
which only applies as of the date of this news rele ase, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company discla ims 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 require d by law.