SIGNATURE RESOURCES’ FIRST DRILL PROGRAM AT LINGMAN LAKE CONTINUES TO INTERSECT HIGH GRADE GOLD Drilling highlighted by 14.0m of 8.56 g/t gold in the South Zone Target Includes 5.0m of 16.61 g/t gold in South Zone Target
SIGNATURE RESOURCES LTD.
SIGNATURE RESOURCES’ FIRST DRILL PROGRAM AT LINGMAN LAKE CONTINUES TO
INTERSECT HIGH GRADE GOLD
Drilling highlighted by 14.0m of 8.56 g/t gold in the South Zone Target
Includes 5.0m of 16.61 g/t gold in South Zone Target
Numerous 1.0 m intervals with high grade results as high as 37.27 g/t gold
FOR IMMEDIATE RELEASE November 13, 2018
Toronto, Ontario, November 13, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF ) ("Signature"
or the " Company ") reports the results of drill holes 18-09 and 18- 10 which targeted the South and Central Zones at
the company’s Lingman Lake gold property located in northwestern Ontario. This year’s exploration camp aign was
conducted with a view to test the grade and continu ity of the mineralization encountered in historical drilling done
on the property by previous operators. Highlights f rom the zones drilling are summarized below.
• Drill hole 18-09, South Zone; returned 3.0 meters with an average grade of 12.20 grams per
tonne gold (from 55.0 to 58.0 meters). True width is estimate d at ~2.3 meters.
• Drill hole 18-09, Central Zone “A”; returned 9.0 meters with an average grade of 6.55 g rams
per tonne gold (from 65.0 to 74.0 meters). True width estimated a t ⁓ 6.9 meters.
• Drill Hole 18-09, Central Zone “B”; returned 4.0 meters with an average grade of 4.27 g rams
per tonne gold (from 81.0 to 85.0 meters). True width estimated a t ⁓ 3.1 meters.
• Drill hole 18-10, South Zone; returned 14.0 meters with an average grade of 8.56 grams per
tonne (from 22.0 to 36.0 meters). True width is estimated at ~10.7 meters. (Includes 5.0 meters
with an average grade of 16.61 grams per tonne from 30.0 to 35.0 meters with a true width of 3.8
meters). Hole collared in vicinity of 45-01 which r eturned 3.9 meters of 22.60 grams per tonne
gold.
Mr. Walter Hanych, CEO stated, “We are extremely en couraged by these additional results from
our first drill campaign. Drill hole 18-09 was desi gned to intersect multiple zones from one set-up.
This was successfully accomplished, and the results are exciting. Drill hole 18-10 was collared in
the vicinity of original discovery outcrop at Lingm an Lake and in proximity to the collar of the first
ever hole drilled on the property, in the 1940s. Significantly, the new drill hole by Signature returned
a wider intercept. The South and Central Zones coll ectively contributed 34% to the historical
estimate of 234,684 ounces of gold. With these resu lts from our new drilling, we are very optimistic
that any future drill campaigns of infill and exten sion drilling will successfully support and enhance
the geological model of multiple sub-parallel high grade gold zones. Importantly, it is quite evident
that the zones stand up to multiple intercepts from one drill hole collar, providing cost effective
drilling for delineation and expansion of the resou rce. The results from our first ever drill campaign
of the Lingman Lake gold zones have exceeded our ex pectations. We look forward to undertaking
another drill program in the near future to expand and build upon these and the historical results.
The above cited intersections for hole 18-09 and 18 -10 are derived from assay results presented in the following
table and are reported as weighted composite averag es.
South and Central Zone Targets
DDH Zone Easting 2 Northing 2 Azimuth Dip From
meters
To
meters
Width
meters Au g/t
18-09
SOUTH 1
507192 5968650 360 -45
55.00 56.00 1.00 0.15
56.00 57.00 1.00 11.11
57.00 58.00 1.00 25.34
55.00 58.00 3.00 12.20
CENTRAL
A1
65.50 66.00 0.50 0.07
66.00 67.00 1.00 17.93
67.00 68.00 1.00 8.20
68.00 69.00 1.00 3.59
69.00 70.00 1.00 0.12
70.00 71.00 1.00 0.15
71.00 72.00 1.00 25.13
72.00 73.00 1.00 5.51
73.00 74.00 1.00 3.45
65.50 74.00 9.00 6.55
CENTRAL
B1
81.00 82.00 1.00 0.15
82.00 83.00 1.00 15.50
83.00 84.00 1.00 0.89
84.00 85.00 1.00 0.55
81.00 85.00 4.00 4.27
18-10 SOUTH 1 507170 5968667 360 -45
22.00 23.00 1.00 4.15
23.00 24.00 1.00 12.21
24.00 25.00 1.00 0.005
25.00 26.00 1.00 0.13
26.00 27.00 1.00 4.94
27.00 28.00 1.00 1.18
28.00 29.00 1.00 7.03
29.00 30.00 1.00 6.48
30.00 31.00 1.00 11.86
31.00 32.00 1.00 37.27
32.00 33.00 1.00 0.25
33.00 34.00 1.00 10.25
34.00 35.00 1.00 23.42
35.00 36.00 1.00 0.73 3
22.00 36.00 14.00 8.56
30.00 35.00 5.00 16.61
Notes: 1 South and Central zones strike east-west and dip 85 degrees south.
2 Co-ordinates referenced to UTM NAD 83, Zone 15 .
3 Reported analysis is the mean of original sample and duplicate sample from same core interval. For
18-10; 35.0-36.0, 0.59 and 0.89 g/t.
Gold analyses were performed using a fire-assay con centration with an atomic-absorption finish. Gravim etric-finish
results of the highest-grade intervals are to follow. QA/QC results support the validity of the original assays.
About Signature
The Lingman Lake gold property, located in northwes tern Ontario in the Red Lake Mining District consis ts of four
free-hold full patented claims, 14 mineral rights p atented claims and 1,054 single-cell staked claims, comprising a
total of approximately 21,420 hectares. The propert y hosts an historical estimate of 234,684 oz of gol d* (1,063,904
tonnes grading 6.86 g Au/t at a 2.73 g Au/t cut-off) and includes what has historically been referred to as the Lingman
Lake Gold Mine, an underground substructure consist ing of a 126.5-meter shaft and three levels of deve lopment at
depths of 46 m (150 Level), 84 m (275 Level) and 12 2 m (400 Level).
*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
705.445.0184
Qualified Persons
The scientific and technical content of this press release has been prepared, reviewed and approved by John Siriunas,
P.Eng., Associate Independent Consultant with Carac le Creek International Consulting Ltd., and is the program site
geologist, and by Walter Hanych, P.Geo., President- CEO of Signature Resources. Both are Qualified Pers ons as
defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects .
Analyses and Quality Assurance – Quality Control
Gold and multi-element analyses were performed by SGS Canada at their laboratory located at Red Lake,
Ontario and quality assurance/quality control monit oring of the samples will be undertaken by the
independent consulting firm of Caracle Creek Intern ational Ltd.
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, the Company’s objectives, goals or futu re plans, statements, exploration results, potentia l 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 failure to identify mineral resources, fai lure to convert
estimated mineral resources to reserves, the inabil ity to complete a feasibility study which recommend s a production
decision, the preliminary nature of metallurgical t est results, delays in obtaining or failures to obt ain required
governmental, environmental or other project approv als, political risks, inability to fulfill the duty to accommodate
First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in
the future, changes in equity markets, inflation, c hanges in exchange rates, fluctuations in commodity prices, delays
in the development of projects, capital and operati ng costs varying significantly from estimates and t he other risks
involved in the mineral exploration and development industry, and those risks set out in the Company’s public
documents filed on SEDAR. Although the Company beli eves that the assumptions and factors used in prepa ring 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 t his news release, and no assurance can be given tha t such events
will occur in the disclosed time frames 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.