Stellar Africagold Sells Namarana GOLD Project, Mali
STELLAR AFRICAGOLD SELLS NAMARANA GOLD PROJECT, MALI
VANCOUVER, BC – (The NewsWire – April 18, 2024) STELLAR AFRICAGOLD INC . (TSXV: SPX)
(the “Company” or “Stellar”) announces that the Company has sold the Namarana Gold Project, Mali.
Sale of Stellar Pacific Mali Sarl and Namarana Gold Project
The Company has concluded an arm’s length sale of it’s 100% owned Malian subsidiary, Stellar Pacific
Mali SARL. Stellar Pacific Mali SARL is the sole owner of the N amarana Gold Project, the only project
being developed by Stellar AfricaGold Inc. in Mali. The sale pr ice for Stellar Pacific Mali SARL was
Twenty-five Million (Franc CFA 25,000,000) West African Francs (“CFA”), approximately C$52,000.
The sale of Stellar Pacific Mali SARL including the Namarana Go ld Project is an Exempt Disposition
pursuant to TSX Venture Exchange policy 5.3, Section 3.1(i).
Commentary
“I am pleased to report on the sale of Stellar’s Mali subsidiar y and the Namarana Gold Project” said
Stellar President François Lalonde. “I wish to thank our Malian employees and contractors who have
worked alongside with us over the years, but this opportunity came at the right time and the sale of this
non-core Mali asset will enable management to focus its attenti on and Stellar’s financial resources on
the continued exploration of its core asset, the Tichka Gold Project in Morocco.”
About Stellar AfricaGold Inc.
Stellar AfricaGold Inc. is a Canadian precious metal exploratio n company listed on the TSX Venture
Exchange symbol TSX.V: SPX, the Tradegate Exchange TGAT: 6YP1 and the Frankfurt Stock
Exchange FSX: 6YP1.
Stellar’s principal exploration project is its advancing gold d iscovery at the 82 square kilometre Tichka
Est Gold Project in Morocco.
The Company is head officed in Vancouver, British Columbia. The Company also has a representative
office in Casablanca, Morocco.
Stellar’s President and CEO J. François Lalonde can be contacte d at 514-994-0654 or by email at
Additional information is available on the Company’s website at www.stellarafricagold.com.
On Behalf of the Board
J. François Lalonde
President & Director
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Disclaimer & Forward-Looking Statements:
This release contains certain "forward-looking information" under applicable Canadian securities laws
concerning the Arrangement. Forward-looking information reflects the Company’s current internal
expectations or beliefs and is based on information currently available to the Company. In some cases
forward-looking information can be identified by term inology such as "may", "will", "should", "expect",
"intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast",
"budget" or the negative of those terms or other co mparable terminology. Many of these assumptions
are based on factors and events that are not within the control of the Company, and there is no
assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ
materially from those predicted herein include, without limitation: that the business prospects and
opportunities of the Company will not proceed as antic ipated; changes in the global prices for gold or
certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other
currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative
instruments; the level of liquidity and capital resources; access to capital markets, financing and interest
rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or
economic developments in the jurisdictions in which the Company carries on business; operating or
technical difficulties in connection with mining or development activities; laws and regulations governing
the protection of the environment; employee relations; availability and increasing costs associated with
mining inputs and labour; the speculative nature of exploration and development; contests over title to
properties, particularly title to undeveloped properties; and the risks involved in the exploration,
development and mining business. Risks and unknowns inherent in all projects include the inaccuracy
of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such
projects, and the future prices for the relevant minerals.