Volcanic provides update on proposed Guatemala property transaction
200 Burrard Street, Suite 650 Tel: 604.801.5432
Vancouver, BC V6C 3L6 Fax: 604.662.8829
TSX-V: VG
NEWS RELEASE
Volcanic provides update on proposed Guatemala property transaction
June 30, 2020 – Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV: VG) (“Volcanic” or the
“Company”) reports on the status of its previously announced Option Agreement with Radius Gold Inc.
(TSXV:RDU) to earn a 60% interest in the Holly and Banderas Properties located in Eastern Guatemala (see
news release of June 1, 2020).
The Company has received conditional approval of the transaction from the TSXV Venture Exchange, and
is in the process of completing the Exchange’s final filing requirements. The Company has filed a title
opinion on the licences comprising the Properties, and is preparin g a NI 43-101 geological report on the
Properties. Pursuant to the terms of the Option Agreement, the Company is in the process of raising the
required minimum of $3.0 million by way of a private placement financing.
About Volcanic
Volcanic brings together an experienced and successful mining, exploration 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 become a
leading gold-silver company.
For further information, visit our website at www.volgold.com.
Volcanic Gold Mines Inc.
Charles Straw, Director/CEO
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Certain statements contained in this news release constitute for ward-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 option to acquire an interest in
the Holly and Banderas 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”,
-2-
“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 will obtain the Exchange’s final approval of the option to acquire an interest in the Holly
and Banderas Properties; changes in general economic conditions and financial markets; t he Company or any joint
venture partner not having the financial ability to meet its exploration and development goals; risks associated with
the results of exploration and deve lopment 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 r egulators 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 will complete the requirements to be granted the option
to acquire an interest in the Holly and Banderas Properties; 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 tha t
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.