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SIG.V ·

Sitka Expands Exploration Program at its RC Gold Project

Exploration Programs

NEWS RELEASE

July 3, 2024

NR 24-16

www.sitkagoldcorp.com

Sitka Expands Exploration Program at its RC Gold Project

in Yukon to Include Drilling and Surface Work on the

Newly Acquired Clear Creek Property

●

2024 exploration has begun on the newly acquired Clear Creek property

●

First diamond drilling program ever to be completed on the Rhosgobel Intrusion since historical

shallow reverse circulation drilling in 1995 to follow up on holes 95-15 which intersected 50.3 m

of 1.07 g/t gold and 95-16 which intersected 67.1 m of 1.03 g/t gold with both holes ending in

strong gold mineralization.

●

Grid geochemistry currently underway to infill gaps to the south of the Blackjack deposit on the

high potential Pukelman West intrusion and G2 zone on the newly acquired Clear Creek claims.

●

Integration of newly acquired datasets (geological, geophysical, geochemical) with Sitka Gold

data.

●

Geological mapping and prospecting following up on the high grade G2 zone, Contact zone and

other highly prospective gold targets.

VANCOUVER, CANADA – July 3, 2024: Sitka Gold Corp. (“Sitka” or the “Company”) (TSXV:SIG)

(FSE:1RF) (OTCQB:SITKF) is pleased to announce that it has expanded the planned 2024 exploration

program at its contiguous, 431 square kilometre RC Gold Project (“RC Gold” or the “Project”) in Yukon

to include diamond drilling and additional soil geochemistry surveys, geological mapping, prospecting

and data integration and analysis on its newly acquired Clear Creek property (“Clear Creek”) claims

that complete the consolidation of the Clear Creek Intrusive Complex (see Figure 1). The Company is

currently diamond drilling at RC Gold in conjunction with a planned 15,000 metre drilling program for

2024.

“The accumulation of data from several years of systematic exploration by previous operators on the

newly acquired Clear Creek Property has generated several high-quality exploration targets,” said Cor

Coe, Director and CEO of Sitka Gold. “The newly acquired claims cover at least three intrusion related

gold targets that are geologically similar to our developing Blackjack gold deposit and the team is very

excited to begin assessing the property by testing the Rhosgobel intrusion, where historical work

strongly indicates the potential for the presence of a multi-million ounce gold deposit. Sitka’s initial

discovery of the Blackjack and Eiger gold deposits came about through a similar process of review and

compilation of a large historical database and we see the ability to accelerate the discovery of

additional gold deposits by utilizing our growing knowledge of the intrusion-related gold systems in this

area in conjunction with the comprehensive Clear Creek data-set as we continue our exploration

activities across this emerging mining district.”

The newly consolidated Project includes four high-priority areas that have had previous reverse

circulation and/or diamond drilling that require additional drilling. These areas are the Rhosgobel

intrusion where historical drilling intersected up to 1.03 g/t gold over 67.1 m, the Contact zone with drill

results up to 20.3 g/t gold over 10.7 m, the Bear Paw Breccia which intersected up to 1.87 g/t gold

over 42.6 m and the Pukelman intrusion with results of 1.20 g/t gold over 10.0 m (see Figure 2, Table

1). The first target area to be tested is the Rhosgobel Intrusion where shallow historical drilling in 1995

by Kennecott outlined a large area of intrusion related gold mineralization (see Figure 3). Previous

drilling at Rhosgobel was limited to a vertical depth of approximately 60 metres. The gold mineralization

observed at Rhosgobel is sheeted quartz veins hosted in a megacrystic quartz monzonite similar to the

Blackjack deposit located 5 km to the north along the recently discovered Blackjack Mineralized

Corridor. The first drill hole will be a step out to drill underneath the mineralized zone intersected in

Holes 15 and 16 in shallow reverse circulation drilling (see Figure 4). This will be the first diamond drill

hole ever drilled in the Rhosgobel intrusion. Geological interpretation of a steeply dipping mineralized

zone is consistent with controls on mineralization observed elsewhere on the property.

The Company has recently engaged GroundTruth Exploration to conduct grid based soil sampling in an

area south of the Blackjack deposit where prospecting in 2015 identified a highly prospective area. The

G2 zone was prospected in 2015 and 13 surface float samples were collected with a range of trace to

43.4 g/t gold (see Figure 5) within mineralized intrusive and metasedimentary rocks. Three other

samples returned values of 5.9, 7.2 and 13.6 g/t gold. This area is located approximately 2 km south of

the Blackjack gold deposit area, within the Blackjack Mineralized Corridor in proximity to the West

Pukelman intrusion. Previous reconnaissance scale soil sampling encountered anomalous gold in soil

in the area. The G2 zone is located approximately 1 km west of the Pukelman West intrusion within an

extensional corridor containing both the Pukelman and Pukelman West intrusions and several

previously reported lamprophyre dykes. The Pukelman West intrusion is located approximately 1.5 km

south of the Blackjack deposit where recent drilling has intersected higher-grade mineralization

associated with the N-S trending Blackjack fault. The intersection of these structural zones is

interpreted by Sitka to be highly prospective for the discovery of additional gold mineralization.

Prospecting in 2015 also focused on the Contact zone located at the southern margin of the Pukelman

intrusion. Nineteen samples were collected ranging from trace to 166.2 g/t gold. Seven additional

samples of mainly quartz vein material taken from float and outcrop assayed above 1.0 g/t gold

including 86.0, 31.8, 47.2, 27.4, 18.1, 2.8, and 1.5 g/t gold (see Figure 5). The sampling indicates that

the extent of the Contact zone could be much larger than the area previously drilled. Additional

mapping and prospecting is planned to refine drill targets in anticipation of drilling this area.

Geological mapping and prospecting in the G2 to Pukelman West corridor and along the Blackjack fault

mineralized corridor from the Blackjack deposit south through the Pukelman West and Rhosgobel

intrusion for additional areas of undiscovered gold mineralization will also be conducted with the goal of

identifying additional drill targets.

Recently acquired data encompassing the southern portion of the Clear Creek Intrusive Complex is

being integrated within the Sitka database and plans for drilling additional known areas of

mineralization are being developed.

Figure 1 - The acquisition of the Clear Creek property now completes Sitka Gold’s 100% ownership of

the Clear Creek Intrusive Complex and adds several underexplored areas that have strong potential for

new gold discoveries in addition to four high-quality drill targets.

Figure 2 - The purchase of the Clear Creek Property (outlined in yellow boundary) now completes Sitka

Gold’s ownership of 100% of the Clear Creek Intrusive Complex, an area of approximately 8 km x 15

km that includes several known surface intrusions with associated gold mineralization. The newly

acquired property contains four highly prospective areas with limited historical drilling and several areas

that have produced high-grade surface samples but remain under-explored and undrilled.

Figure 3 - Shallow reverse circulation drilling in the Rhosgobel intrusion in 1995 produced numerous

intersections of gold mineralization consisting of sheeted quartz veins with megacrystic quartz

monzonite. Holes 15 and 16 were drilled in opposite directions at 60 degrees dip intersected

mineralization over their entire lengths. The holes intersected 50.3 m grading 1.07 g/t gold and 67.1m

of 1.03 g/t gold respectively with both holes ending in mineralization.

Figure 4 - Cross-section of previous drilling at Rhosgobel along holes 15 and 16 which ended in

mineralization. The first ever diamond drill hole proposed in the Rhosgobel intrusion (PROS-24-A) will

step back and drill underneath holes 15 and 16 to test the width of the mineralized zone intersected in

1995.

Figure 5 - Prospecting in 2015 was conducted in the G2 zone and the Contact Zone and produced

many high-grade results. Additional grid soil sampling (shown in Figure 2) will be conducted in these

areas and south where previous soil sampling has been conducted at only wide spacings. Current

drilling is expanding the Blackjack deposit to the south towards this highly prospective area.

Table 1: Significant drill hole results from the Clear Creek Property

HoleID

Easting

Northing

Azimuth °

Dip ° From (m)

CC10-01

CC10-01

CC10-01

CC10-02

CC10-05

CC10-05

CC10-05

CC10-06

CC10-07

396041

7079001

295

50

395765

395907

7079051

7078992

115

295

60

60

395900

395885

7078936

7079074

295

295

60

60

31.2

31.2

71.4

27.2

1.5

24.4

56.4

6.1

1.5

To (m)

101.5

39.4

91.2

27.5

36.6

30.5

79.3

9.1

44.2

Length (m)*

70.3

8.2

19.9

0.3

35.1

6.1

22.9

3.0

42.7

Au g/t

Zone

0.72 Bear Paw

1.22 Bear Paw

1.18 Bear Paw

2.29 Bear Paw

1.03 Bear Paw

2.07 Bear Paw

0.61 Bear Paw

1.41 Bear Paw

1.87 Bear Paw

CC10-07

CC10-08

CC10-08

CC10-08

CC10-09

CC10-09

CC10-13

CC10-16

CC11-047

CC11-047

CC11-047

CC11-048

CC11-048

CC11-048

CC11-049

CC11-049

CC11-049

CC11-050

CC11-050

CC11-051

CC11-051

CC11-052

CC11-058

CC11-059

CC11-059

CC11-059

CC11-060

CC10-03

CC10-04

CC10-04

CC10-17

CC10-17

CC10-17

CC10-20

CC10-20

CC10-20

CC10-20

CC10-20

CC10-21

CC10-21

CC10-22

CC10-22

CC10-24

CC10-24

CC11-043

CC11-043

CC11-043

CC11-044

CC11-044

CC11-045

95-003

95-004

95-008

95-008

95-010

95-011

95-012

395889

7079072

115

60

395853

7078983

295

60

396094

395849

396010

7079094

7079149

7079002

295

070

172

60

60

70

396011

7079002

008

70

395960

7079009

012

70

395960

7079007

190

70

395910

7079016

010

70

395909

396134

396027

7079015

7079046

7079062

190

190

190

70

70

70

395785

398403

399084

7079037

7083426

7083442

190

340

295

70

55

55

398347

7083286

005

60

398661

7083268

190

70

398678

7083255

190

70

398673

7083226

190

70

398342

7083287

170

70

398385

7083148

000

60

398306

7083229

350

70

398264

398980

398995

398790

7083322

7080422

7080590

7080595

000

180

180

184

70

60

60

60

398773

398773

398571

7080281

7080281

7080328

182

001

181

60

60

60

16.8

1.5

1.5

16.8

27.4

47.2

16.8

56.4

32.7

87.0

94.5

37.5

40.5

43.5

19.5

28.5

55.5

21.0

43.5

3.1

36.6

2.1

144.3

7.6

12.1

12.1

69.1

18.3

49.6

60.2

3.1

53.3

71.6

1.5

4.6

27.4

44.2

109.7

73.2

74.7

1.5

3.1

16.8

22.9

10.7

90.5

168.5

51.2

73.4

11.5

39.6

27.4

1.5

13.7

22.9

32.0

19.8

25.9

54.9

22.9

22.9

50.3

50.3

29.0

61.0

117.0

117.0

112.5

70.0

56.0

46.5

66.0

36.0

63.0

73.0

73.0

56.2

51.6

34.5

145.8

30.1

22.6

15.1

76.6

19.7

64.2

64.2

82.3

82.3

82.3

103.6

15.2

29.0

68.6

132.6

103.6

77.7

12.2

4.6

35.1

25.9

49.0

101.5

191.0

125.4

91.4

54.9

64.0

29.0

77.7

33.5

30.5

35.0

27.4

9.2

53.3

21.3

6.1

22.9

3.1

12.2

4.6

84.3

30.0

18.0

32.5

15.5

3.0

46.5

7.5

7.5

52.0

29.5

53.1

15.0

32.4

1.5

22.5

10.5

3.0

7.5

1.4

14.6

4.0

79.2

29.0

10.7

102.1

10.6

1.6

24.4

22.9

30.4

3.0

10.7

1.5

18.3

3.0

38.3

11.0

22.5

74.2

18.0

43.4

24.4

1.6

76.2

19.8

7.6

3.0

7.6

5.64 Bear Paw

0.57 Bear Paw

0.88 Bear Paw

1.62 Bear Paw

0.61 Bear Paw

2.24 Bear Paw

1.00 Bear Paw

0.93 Bear Paw

0.61 Bear Paw

0.87 Bear Paw

1.04 Bear Paw

1.80 Bear Paw

3.50 Bear Paw

10.43 Bear Paw

1.69 Bear Paw

2.89 Bear Paw

4.11 Bear Paw

0.94 Bear Paw

1.24 Bear Paw

2.25 Bear Paw

3.41 Bear Paw

1.04 Bear Paw

1.71 Bear Paw

2.03 Bear Paw

3.15 Bear Paw

4.87 Bear Paw

0.61 Bear Paw

4.62 Contact

0.66 Contact

1.05 Contact

0.55 Contact

1.09 Contact

2.25 Contact

0.44 Contact

0.56 Contact

3.72 Contact

0.83 Contact

0.53 Contact

0.66 Contact

4.51 Contact

20.46 Contact

137.50 Contact

0.59 Contact

2.62 Contact

1.54 Contact

0.54 Contact

1.66 Contact

1.01 Contact

1.00 Contact

1.20 Contact

0.68 Rhosgobel

1.74 Rhosgobel

0.55 Rhosgobel

0.83 Rhosgobel

0.66 Rhosgobel

1.01 Rhosgobel

0.59 Rhosgobel

95-015

95-015

95-016

95-016

95-018

95-018

95-019

95-020

95-021

95-023

95-024

CCRC 92-1

398651

7080680

180

60

398585

7080608

003

60

398384

7080606

186

60

398398

398241

398165

397965

397976

398498

7080763

7080690

7080754

7080623

7080777

7083724

184

186

184

184

182

200

60

60

60

60

60

-45

1.5

24.4

1.5

53.3

45.7

57.9

67.1

67.1

50.3

35.1

47.2

24.0

78.0

76.2

74.7

68.6

54.9

65.5

64.0

71.6

76.2

64.0

36.6

56.4

34.0

82.0

74.7

50.3

67.1

1.6

19.8

6.1

4.5

9.1

13.7

1.5

9.2

10.0

4.0

0.83 Rhosgobel

1.07 Rhosgobel

1.03 Rhosgobel

6.13 Rhosgobel

0.70 Rhosgobel

1.31 Rhosgobel

1.17 Rhosgobel

0.88 Rhosgobel

0.93 Rhosgobel

1.44 Rhosgobel

1.22 Rhosgobel

1.02 Pukelman

1.55 Pukelman

*Intervals are drilled core length, as insufficient drilling has been completed at this time to determine true widths

Table References

1.

2.

3.

4.

5.

6.

7.

8.

Robinson, S.D. and R. A. Doherty, 1988. Geological, Geochemical, Geophysical and Diamond Drilling 1988 Summary Report on the

Rum, Rye and Roll Claims ((assessment report 092748)

Feulgen, S. and J.C. Stephen, 1989, Initial Diamond Drilling Report on the Rain, Wind, Sleet Claims, Left Clear Creek, Yukon

(assessment report 092752)

Bidwell, G., 1993. Clear Creek Project, 1992 Reverse Circulation Drill Program (assessment report 093097)

Coombes, S., 1995. 1995 Assessment Report on the Clear Creek Option; prepared by Kennecott Canada Inc. (assessment report

093372).

Stammers, M.A., 2000. 1999 Geochemical and Diamond Drilling Assessment Report on the Clear Creek Property (assessment

report 094058)

Weeks, S. and R. Falls, 2001, 2000 Geological, Geochemical and Diamond Drilling Assessment Report on the Clear Creek Property

(assessment report 94165)

O'Brien, 2010;Assessment Report, 2010 Diamond Drilling Program, Clear Creek Property (Assessment report 095539)

Shutty, 2011; Assessment Report, 2011 Exploration Program, Clear Creek Property (Assessment Report 095984)

The Company cautions that none of the historically reported assay results from the newly acquired

Clear Creek property have been verified by Sitka.

About the Flagship RC Gold Project

The RC Gold Project consists of a 431 square kilometre contiguous district-scale land package located

in the heart of Yukon's Tombstone Gold Belt. The project is located approximately 100 kilometres east

of Dawson City, which has a 5,000 foot paved runway, and is accessed via a secondary gravel road

from the Klondike Highway which is usable year-round and is an approximate 2 hour drive from

Dawson City. It is the largest consolidated land package strategically positioned mid-way between

Victoria Gold's Eagle Gold Mine - Yukon’s newest gold mine which reached commercial production in

the summer of 2020 - and Victoria Gold’s former producing Brewery Creek Gold Mine.

On January 19, 2023 Sitka Gold announced an Initial Mineral Resource Estimate prepared in

accordance with National Instrument 43-101 (“NI 43-101”) guidelines for the RC Gold Property of

1,340,000 ounces of gold(1). The road accessible, pit constrained Mineral Resource is classified as

inferred and is contained in two zones: The Blackjack and Eiger deposits. Both of these deposits are

at/near surface, are potentially open pit minable and amenable to heap leaching, with initial bottle roll

tests indicating that the gold is not refractory and has high gold recoveries of up to 94% with minimal

NaCN consumption (see News Release July 13, 2022). The Mineral Resource estimate is presented in

the following table at a base case cut-off grade of 0.25 g/t Au:

RC Gold Inferred Mineral Resource Estimate

Blackjack Zone

COG g/t Au

0.20

0.25

0.30

0.35

0.40

Tonnes

000's

35,798

33,743

31,282

29,065

26,975

Au g/t

0.80

0.83

0.88

0.92

0.96

Eiger Zone

0z Au

000's

921

900

885

860

833

Tonnes

000's

32,523

27,362

22,253

17,817

14,506

Au g/t

0.45

0.50

0.55

0.60

0.66

Combined

0z Au

000's

471

440

393

344

308

Tonnes

000's

68,321

61,105

53,535

46,882

41,481

Au g/t

0.63

0.68

0.74

0.80

0.86

0z Au

000's

1,391

1,340

1,279

1,203

1,140

Notes

1. Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of January 19,

2023. Mineral Resources are classified using the 2014 CIM Definition Standards.

2. The cut-off grade of 0.25 g/t Au is believed to provide a reasonable margin over operating and sustaining costs for open-pit

mining and processing

3. Mineral resources are constrained by an optimised pit shell using the following assumptions: US$1800/oz Au price; a 45°

pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.00 per tonne; processing costs of US$8.00 per

tonne; G&A of US$1.50/t.

4. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

5. Totals may not sum due to rounding.

To date, 56 diamond drill holes have been drilled into this system for a total of approximately 19,962

metres including 16 drill holes totalling 6,515 metres completed in 2023 focused on expanding the initial

resource. The drilling in 2023 produced results of up to 219.0 m of 1.34 g/t gold including 124.8 m of

2.01 g/t gold and 55.0 m of 3.11 g/t gold in drill hole DDRCCC-23-047 at Blackjack (see news release

dated September 26, 2023). The Company is currently diamond drilling at RC Gold in conjunction with

a planned 15,000 metre drilling program.

(1)

Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Project, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory

RC Gold Deposit Model

Exploration on the Property has mainly focused on identifying an intrusion-related gold system

(“IRGS”). The property is within the Tombstone Gold Belt which is the prominent host to IRGS deposits

within the Tintina Gold Province in Yukon and Alaska. Notable deposits from the belt include: Fort Knox

Mine in Alaska with current Proven and Probable Reserves of 230 million tonnes at 0.3 g/t Au (2.471

million ounces; Sims 2018)(1); Eagle Gold Mine with current Measured and Indicated Resources of 233

million tonnes at a grade of 0.57 g/t Au at the Eagle Main Zone (4.303 million ounces; Harvey et al,

2022)(2); the Brewery Creek deposit with current Indicated Mineral Resource of 22.2 million tonnes at a

gold grade of 1.11 g/t (0.789 million ounces; Hulse et al. 2020)(3); the Florin Gold deposit, located

adjacent to Sitka’s RC Gold project, with a current Inferred Mineral Resource of 170.99 million tonnes

grading 0.45 g/t (2.47 million ounces; Simpson 2021)(4) and the AurMac Project with an Inferred Mineral

Resource of 347.49 million tonnes grading 0.63 gram per tonne gold (7.00 million ounces)(5).

(1)

Sims J. Fort Knox Mine Fairbanks North Star Borough, Alaska, USA National Instrument 43-101 Technical Report. June 11, 2018.

https://s2.q4cdn.com/496390694/files/doc_downloads/2018/Fort-Knox-June-2018-Technical-Report.pdf

(2)

Harvey N., Gray P., Winterton J., Jutras M., Levy M.,Technical Report for the Eagle Gold Mine, Yukon Territory, Canada. Victoria Gold Corp. December 31,

2022. https://vgcx.com/site/assets/files/6534/vgcx_-_2023_eagle_mine_technical_report_final.pdf

(3)

Hulse D, Emanuel C, Cook C. NI 43-101 Technical Report on Mineral Resources. Gustavson Associates. May 31, 2020.

https://minedocs.com/22/Brewery-Creek-PEA-01182022.pdf

(4)

Simpson R. Florin Gold Project NI 43-101 Technical Report. Geosim Services Inc. April 21, 2021.

https://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005795&issuerType=03&projectNo=03236138&docI d=4984158

(5)

Banyan Gold News Release Dated February 7, 2023 (Technical Report to be filed within 45 days of news release)

https://banyangold.com/news-releases/2024/banyan-announces-7-million-ounce-gold-updated-mineral-resource-estimate-aurmac-project-yukon-canada/

Upcoming Events

Sitka Gold will be attending and/or presenting at the following events*:

●

●

●

●

Takestock Investor Forum, Stampede Event, Calgary, Alberta: July 3, 2024

Kelowna Capital Events, Kelowna, BC: July 19 - 21, 2024

Precious Metals Summit, Beaver Creek, Colorado: September 10 - 13, 2024

Yukon Geoscience, Whitehorse, Yukon: November 17 - 20, 2024

*All events are subject to change.

About Sitka Gold Corp.

Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The

Company is managed by a team of experienced industry professionals and is focused on exploring for

economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral

properties of merit. Sitka is currently exploring its 100% owned, 431 square kilometre flagship RC Gold

Project within the Tombstone Gold Belt in the Yukon Territory with a 15,000 metre diamond drill

program planned for 2024. The Company is also advancing the Alpha Gold Project in Nevada and

currently has drill permits for its Burro Creek Gold and Silver Project in Arizona and the Coppermine

River Project in Nunavut.

The Company recently announced an NI 43-101 compliant initial inferred Mineral Resource

Estimate of 1,340,000 ounces of gold(1) beginning at surface and grading 0.68 g/t at its RC Gold

Project in Yukon (see news release dated January 19, 2023).

(1)

Simpson, R. January 19, 2023. Clear Creek Property, RC Gold Project, NI 43-101 Technical Report, Dawson Mining District, Yukon Territory

*For more detailed information on the underlying properties please visit our website at www.sitkagoldcorp.com

The scientific and technical content of this news release has been reviewed and approved by Cor Coe,

P.Geo., Director and CEO of the Company, and a Qualified Person (QP) as defined by National

Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF

SITKA GOLD CORP.

“Donald Penner”

President and Director

For more information contact:

Donald Penner

President & Director

778-212-1950

[email protected]

or

Cor Coe

CEO & Director

604-817-4753

[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking

information within the meaning of applicable Canadian securities laws. Forward-looking statements

relate to future events or future performance and reflect the expectations or beliefs of management of

the Company regarding future events. Generally, forward-looking statements and information can be

identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of

such words and phrases or statements that certain actions, events or results “may”, “could”, “should”,

“would” or “occur”. This information and these statements, referred to herein as "forward‐looking

statements", are not historical facts, are made as of the date of this news release and include without

limitation, statements regarding discussions of future plans, estimates and forecasts and statements as

to management's expectations and intentions with respect to, among other things, the use of the

proceeds raised under the Offering and the Company’s anticipated work programs.

In making the forward-looking statements in this news release, the Company has applied several

material assumptions, including without limitation, that the Company will complete its anticipated work

programs and use the proceeds of the Offering as currently anticipated.

These forward‐looking statements involve numerous risks and uncertainties and actual results might

differ materially from results suggested in any forward-looking statements. These risks and

uncertainties include, among other things, market uncertainty, the results of the Company’s anticipated

work programs and that the Company will not use the proceeds of the Offering as currently anticipated.

Although management of the Company has attempted to identify important factors that could cause

actual results to differ materially from those contained in forward-looking statements or forward-looking

information, there may be other factors that cause results not to be as anticipated, estimated or

intended. There can be no assurance that such statements will prove to be accurate, as actual results

and future events could differ materially from those anticipated in such statements. Accordingly, readers

should not place undue reliance on forward-looking statements and forward-looking information.

Readers are cautioned that reliance on such information may not be appropriate for other purposes.

The Company does not undertake to update any forward-looking statement, forward-looking

information or financial out-look that are incorporated by reference herein, except in accordance with

applicable securities laws. We seek safe harbor.