Sitka Gold Corp. Issues Shares Under the Barney Ridge Gold Property and Clear Creek Gold Property Option Agreement
NEWS RELEASE
July 5, 2022
NR 22-21
www.sitkagoldcorp.com
Sitka Gold Corp. Issues Shares Under the Barney Ridge Gold
Property and Clear Creek Gold Property Option Agreement
VANCOUVER, CANADA – July 5, 2022: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG)
(FSE:1RF) (OTCQB:SITKF) is pleased to announce that, further to the Company’s news releases date
June 30, 2020 and July 6, 2020, the Company issued an aggregate of 100,000 common shares in the
capital of the Company (the “Shares”) at a deemed value of $0.16 per Share on each of July 7, 2020,
and June 11, 2021, to Bernie Kreft pursuant to the Barney Ridge gold property option agreement and
the Clear Creek Gold property option agreement (together, the “Option Agreements”). An additional
aggregate of 100,000 Shares at a deemed value of $0.16 per Share were issued to Mr. Kreft on June
20, 2022, pursuant to the terms of the Option Agreements.
In accordance with the requirements of the Option Agreements, the Company also intends to issue:
• an aggregate of 100,000 Shares to Mr. Kreft on or before June 26, 2023;
• an aggregate of 200,000 Shares to Mr. Kreft on or before June 26, 2024; and
• an aggregate of 500,000 Shares to Mr. Kreft on or before June 26, 2025.
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 m ineral deposits with its primary emphasis on gold, silver and copper mineral
properties of merit. Sitka currently has an option to acquire a 100% interest in the RC, Barney Ridge,
Clear Creek and OGI properties in the Yukon and the Burro Creek Gold property in Arizona. Sitka owns
a 100% interest in its Alpha Gold property in Nevada, its Mahtin Gold property in the Yukon and its
Coppermine River project in Nunavut.
Sitka is currently conducting a planned 10,000 metre diamond drill program at its RC Gold Project in
the Yukon. Drilling is also currently underway at the Company’s Alpha Gold Property in Nevada where
up to 5,000 feet of drilling is planned.
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
or
Cor Coe
CEO & Director
604-817-4753
Cautionary and Forward-Looking Statements
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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 wit hout
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, subsequent
issuances of Shares pursuant to the terms of the Option Agreements.
In making the forward -looking statements in this news release, the Company has applied several
material assumptions, including without limitation, that the Company will issue further Shares pursuant
to the terms of the Option Agreements.
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 and that the Company will not fulfill the
terms of the Option Agreements.
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 fo r 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.