Viva Gold Announces Results of Annual General Meeting
NR 22-13
Viva Gold Announces Results of Annual General Meeting
VANCOUVER, BC – October 26, 2022 – Viva Gold Corp. ( TSX-Venture: VAU; OTCQB: VAUCF ) (the
“Company” or “Viva”) is pleased to announce that shareholders approved all items for voting at its Annual
General Meeting held October 25th, 2022.
The number of directors was fixed at five (5). Christopher Herald, James Hesketh, Edward Mahoney, David
Whittle and Andrew Bolland were all retained on the Board of Directors. The ap pointment of DMCL
Chartered Professional Accountants was approved and the Directors of Viva Gold were authorized to fix
their remuneration.
In addition, the Company’s shareholders approved an amended stock option plan (the “New Option Plan”)
as described in, an attached as Schedule “A” to, the Company’s management information circular for the
Meeting dated September 15, 2022. The amendments were directed principally at conforming the terms
of the previous version to the requirements of the TSX Venture Exc hange’s revised Policy 4.4 that came
into effective on November 24, 2021. The New Option Plan, like its predecessor, is a “rolling” plan,
providing that the maximum aggregate number of shares reserved for issuance under it and, as applicable,
all of the Company’s other previously established and outstanding incentive stock options, is 10% of the
Company’s issued and outstanding Common Shares at the time of the grand of a stock option, presently
being up to a maximum of 9,160,789 shares. At this time, there are 3,473,500 stock options outstanding
with exercise prices of between $0.095 and $0.335, per Common Share.
James Hesketh, President and CEO , commented, “ I would like to thanks our shareholders for their
continued support, especially by electing the Board for another year and passing all motions. The Tonopah
project continues to deliver positive results with the recently released metallurgical results and we
anticipate drill results from the current drilling program in the coming weeks.”
About Viva Gold Corp:
Viva Gold Corp’s (TSX-V: VAU; OTCQB: VAUCF; Frankfurt :7PB) principal asset is its 100% ownership in the
Tonopah Gold Project (Tonopah), a large land position on the world class Walker Lane Mineral Trend in
western Nevada, located about 30 minutes’ drive south-east of the Kinross Round Mountain gold mine.
The project is well advanced with a positive Preliminary Economic Assessment (PEA) describing a potential
open pit, heap leach gold recovery operation and a pit confined measured and indicated gold mineral
resources containing 394,000 ounces at 0.78 grams/tonne and 206,000 ounces of Inferred resource at
0.87 grams/tonne. The principal min eral trends on the property remain open for extension and the
company has a track record of steadily increasing gold resource over the last four years. Viva is building
market awareness as it advances Tonopah towards feasibility study and permitting and ha s made a
significant commitment to ESG and de -risking the project through open community disclosure and near
completion of a number of baseline environmental and technical studies. Viva has a strong capital
structure with 91.6 million shares outstanding and a strong management team and board who can claim
both gold exploration and production experience. For additional information on Viva Gold and the
Tonopah Gold Project, please visit our website: www.vivagoldcorp.com.
For further information please contact:
James Hesketh, President & CEO
(720) 291-1775
Anne Hite, Director Investor Relations
(303) 519-5149