Signature Resources Provides Corporate Update
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
14566892.2
SIGNATURE RESOURCES PROVIDES CORPORATE UPDATE
Toronto, Ontario, April 7, 2020 . Signature Resources Ltd. (TSXV-SGU, OTCQB-SGGTF, FSE-3S3)
(“Signature” or the “Company”) first and foremost; to our friends and families, shareholders, First Nations
communities, contractors, suppliers and colleagues, during these extraordinary, changing times as we all
adjust to the new reality imposed by COVID-19, we h ope that you stay well, be attentive and safe guard
your loved ones.
Project Development – Camp, Drilling and Exploration
The Company is pleased to announce that it has acqu ired additional specialized equipment which will
assist in the movement of crews and drilling equipm ent. The Company has taken steps to position fuel,
lumber and other key supplies regionally, ready for delivery to site. Upon notice of travel being reinstated
the Company will be ready to mobilize a field crew to site, to re-establish a new centralized camp location
which will allow for expansion as the project grows. Contingent on our success of funding, and travel being
reinstated, the Company will mobilize a drill crew, technical staff and general laborers to begin the 2020
drilling program. The focus of this program will initially target the under-drilled very high-grade West zone.
The Company anticipates that very positive results will be achieved, as the 2 holes in this zone from the
Company’s 2018 drill program indicated high grades, hole 18-01 (9.5 meters with an average grade of 12.5
gpt) and hole 18-02 (5.0 meters with an average grade of 13.65 gpt).
Also planned for summer of 2020, will be an explora tion program targeting the western portion of
Signature’s land package. A 2-man crew will explore, prospect, map and sample high priority targets. This
will help the Company gain an even stronger underst anding of the trend we have noted along the
greenstone belt as future exploration is planned.
Investor Relations
Under volatile conditions Signature Resources is working diligently with its plans regarding the exploration
and development of its Lingman Lake gold property. To this end, the company announces that it has
entered into an investor relations advisory agreeme nt (the “Investor Relations Agreement”) with East
West Fuel Strategies Inc. (“East West”).
East West, an arm’s length company based in Brampton, Ontario, has been engaged in providing investor
relations services to other companies since 2015, i ncluding the development of corporate
communications strategies and developing and maintaining active communications networks with private
investors across Canada. Prior to signing the Investor Relations Agreement, [East West did not have any
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
14566892.2
interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such
an interest.]
Under the terms of the Investor Relations Agreement, East West will provide Investor Relation Activities,
within the meaning TSX Venture Exchange policies, t o Signature for an initial period of one year. The
services will include creating a shareholder commun ications strategy for the Company, communicating
with brokers and potential institutional investors and promoting the corporate image of Signature.
The Investor Relations Agreement provides for a non -refundable $10,000 engagement fee upon signing,
and a monthly retainer of $10,000 per month for the first six months after the Company successfully raises
$500,000. Provided that Signature achieves certain milestones, including completing a financing of at least
$1.8M, and the share price trading above $0.18 at the end of the first six-month period, the monthly fee
shall be increased to $12,000 per month after the initial six-month period.
Upon signing of the Investor Relations Agreement 500,000 options have been granted at an exercise price
of $0.05 with an additional 500,000 options to be g ranted 30 days after signing of the Agreement at an
exercise price of $0.07 provided that East-West dem onstrated market support, and has raised private
placement financing of at least $500,000. The options are irrevocable, and will expire three (3) years from
the date of issue.
The Investor Relations Agreement remains subject to TSX Venture Exchange approval.
Claims Update
At the property level, the Company, after a review of geological, geophysical and physiological data h as
elected to forfeit 286 single cell claims effective April 19th-26th. These claims have been deemed to be
low ranking and do not warrant annual assessment maintenance. The remaining claim fabric of 484 single
cell claims, 14 mineral patents and 4 full patents (mineral and surface rights) will encompass an area of
approximately 23.8 kilometers by 3.7 kilometers, wh ich includes 23.8 kilometers of strike length of th e
favourable granite-volcanic contact.
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
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
14566892.2
About Signature
The Lingman Lake gold property consists of 770 sing le cell staked claims, four free hold patented clai ms
and 14 mineral rights patented claims totaling appr oximately 15,754 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
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 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 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 any private placement proceeds raised,
success of funding including closing of any propose d private placements and proceeds therefrom, accept ance of regulatory
filings by the TSX-V, the Company’s objectives, goa ls or future plans, statements, exploration results , potential
mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement
TSXV-SGU OTCQB-SGGTF FSE-3S3
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14566892.2
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.