Visible Gold Mines to Issue Shares in Payment of a Debt

Visible Gold Mines to Issue Shares in Payment

of a Debt

ROUYN-NORANDA, QC

,

Jan. 9, 2019

/CNW Telbec/ -

Visible Gold Mines Inc. (TSXV: VGD)

(Frankfurt: 3V41)

announces that it proposes to issue an aggregate of 1,650,550 common shares

in settlement of a portion of a debt in an amount of

$107,286

(the "Debt Settlement"). The debt

resulted from exploration services provided by a creditor of Visible Gold Mines.

The common shares to be issued pursuant to the Debt Settlement will be issued at a deemed price

of

$0.065

per share and will be subject to a four-month hold period pursuant to applicable securities

legislation and the policies of the TSX Venture Exchange.

The Board of Directors and Management of Visible Gold Mines believe that the proposed settlement

of a debt by the issuance of common shares is in the best interests of Visible Gold Mines as it

allows it to preserve its cash position.

The Debt Settlements is subject to regulatory approval, including that of the TSX Venture Exchange.

About Visible Gold Mines

Visible Gold Mines is a vibrant company actively exploring for the next major gold deposit in

northwestern Québec, considered one of the world's best jurisdictions for mining and exploration.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

the release.

Website:

www.visiblegoldmines.com

SOURCE

Visible Gold Mines Inc.

View original content:

http://www.newswire.ca/en/releases/archive/January2019/09/c7508.html

%SEDAR: 00025339E

For further information:

Martin Dallaire, President and Chief Executive Officer, Telephone: 819-

762-0107, Fax: 819-762-0097, E-mail: [email protected]

CO: Visible Gold Mines Inc.

CNW 16:38e 09-JAN-19