Volcanic confirms extension of previously issued share purchase warrants
200 Burrard Street, Suite 650 Tel: 604.801.5432
Vancouver, BC V6C 3L6 Fax: 604.662.8829
TSX-V: VG
FOR IMMEDIATE RELEASE July 25, 2022
Volcanic confirms extension of previously issued share purchase warrants
News Release
Shares issued 45,551,210
VG Close - C$0.255
W/C +$6.5 Million cash
Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV: VG) (‘Volcanic’ or ‘the Company’) is pleased
to confirm that the TSX Venture Exchange has approved the extension of previously issued share purchase
warrants of the Company.
Management had determined that the Company should extend the expiry date of certain common share
purchase warrants exercisable at $0. 30 per share which were issued in July 2020 pursuant to the
Company’s private placement financing. Accordingly, the expiry date of 8,813,500 outstanding warrants
has been extended by one year, from July 26, 2022 to July 26, 2023.
About Volcanic
Volcanic brings together an experienced and successful mining, explorati on and capital markets team
focused on building multi-million-ounce gold and silver resources in underexplored countries. Through
the strategic acquisition of mineral properties with demonstrated potential for hosting gold and silver
resources, and by undertaking effective exploration and drill programs, Volcanic intends to be come a
leading gold-silver company.
For further information, visit our website at www.volgold.com.
Volcanic Gold Mines Inc.
Simon Ridgway, President and CEO
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
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Forward-looking statements
Certain statements contained in this news release constitute forward -looking statements within the meaning of
Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-
looking statements and include, without limitation, statements about the Company’s plans for its properties. Often,
but not always, these forward looking statements can be identified by the use of words such as “estimate”,
“estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”,
“gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”,
or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative
variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially different from any results,
performance or achievements expressed or implied by forward -looking statements. Such uncertainties and factors
include, among others, whether the Company’s plans for its properties will proceed as intended; changes in general
economic conditions and financial markets; the Company or any joint venture partner not having the financial ability
to meet its exploration and development goals; risks associated with the resu lts of exploration and development
activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated
costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with
securities regulators and available under the Company’s profile on SEDAR at www.sedar.com. Although the
Company has attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward -looking statements, there may be other factors that cause actions,
events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to: that the Company’s stated goals and planned exploration and
development activities will be achieved; that there will be no material adverse change affecting the Company or its
properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date
hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of
new information, future events or results or otherwise, except as required by law. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, investors should not place undue reliance on forward -looking
statements.