New Risk • Apr 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$361k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$36k). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.60m market cap, or US$3.34m). New Risk • Nov 16
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$36k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$361k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-CA$36k). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.94m market cap, or US$2.81m). Board Change • Feb 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Director Bernard Dionne was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Aug 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$563k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$563k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.94m market cap, or US$2.88m). Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Director Bernard Dionne was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$999k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$999k free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.61m market cap, or US$2.63m). Bekanntmachung • Dec 13
Generic Gold Corp., Annual General Meeting, Feb 17, 2023 Generic Gold Corp., Annual General Meeting, Feb 17, 2023. Bekanntmachung • Dec 09
Generic Gold Announces 1,500 m Drill Program Targeting High Priority EM Plates on Belvais Project, Québec Generic Gold Corp. announced that it has obtained the required permits for a new 1,500-metre diamond drill program on the Belvais Project, located in the northwestern region of Québec's Abitibi greenstone belt. The program is to follow up on high- priority EM (electromagnetic) targets that were discovered in the recently completed BHEM (borehole electromagnetics) program. The strongest and highest priority of these BHEM anomalies lies only 25m under surface and is approximately 1.2km south of Starr Peak Mining's recent drilling on their Normetmar VMS deposit. Figure 1 demonstrates three of the planned diamond holes (yellow collars) with their associated EM plates (orange) that are being targeted. The drill rig is set to mobilize mid- week and begin drilling immediately after. The BHEM technique has seen great success in the immediate area with neighbouring Starr Peak Mining, which has successfully converted its BHEM anomalies into VMS targets, and was their main discovery tool at the NewMétal property, which borders Generic's, Belvais property. The Chicobi belt has seen a renewed exploration focus over recent years, largely due to numerous high-grade gold discoveries by bordering Amex Exploration. The area is historically very underexplored for gold and has the potential to become another major gold producing belt of the Abitibi, all in the while remaining highly prosperous for further VMS discoveries. Neighbouring Amex Exploration has been recently named Exploration Company of the Year at Mines and Money London, highlighting the quality of assets in the immediate area. Bekanntmachung • Nov 16
Generic Gold Corp. Completes Bhem (Borehole Electromagnetic) Geophysical Program Has Uncovered Multiple Strong Anomalies Across the Belvais Project Generic Gold Corp. announced that its recently completed BHEM (borehole electromagnetic) geophysical program has uncovered multiple strong anomalies across the Belvais Project, located in the northwestern region of Québec's Abitibi greenstone belt. Eight (8) anomalies in total have been modelled, with four (4) having a moderate to strong signal response . The strongest and highest priority of these BHEM anomalies lies only 25m under surface and is approximately 1.2km south of where Starr Peak Mining is drilling on their Normetmar VMS deposit. The program was completed by geophysical contractor Abitibi Geophysics of Val d'Or, Québec with a secondary expert opinion provided by Marc Boivin, P.Geo. of MB Geosolutions. Generic Gold will now evaluate these prospects for further diamond drilling. The BHEM technique has seen great success in the immediate area with neighbouring Starr Peak Mining, which has successfully converted its BHEM anomalies into VMS targets, and was their main discovery tool at the NewMétal property which borders Generic's, Belvais property. The Belvais project lies directly south-east of Amex Exploration's Perron Project, which recently announced a new VMS discovery (the QF Zone) along the Normétal Mine Sequence, and is also directly east and south-east of Starr Peak's NewMétal Project, which announced high-grade VMS mineralization on their Normetmar target . Both of these new discoveries occur along the Normétal Fault which is of particular significance for Generic Gold, as the Company holds over 20 km of the Normétal Fault on its Belvais claims and is one of the largest landholders in the area with 12,563 hectares. Bekanntmachung • May 31
Generic Gold to Conduct Bhem Program Along Normétal Mine Horizon and Surrounding Areas on Belvais Project, Québec Generic Gold Corp. announced that it will complete a comprehensive BHEM (borehole electromagnetic) geophysical program across areas of completed drilling on the Belvais Project, located in the northwestern region of Québec's Abitibi greenstone belt. The drill holes to be surveyed by BHEM lie along the Normétal Mine Horizon, the same geological package where neighbouring companies Starr Peak Mining and Amex Exploration have recently made high-grade VMS discoveries. The program is set to commence at the beginning of June. The BHEM technique has seen great success in the immediate area, with neighbouring Starr Peak Mining utilizing this geophysical method as their main discovery tool at the Newmétal property, which borders Generic's Belvais property. The BHEM anomalies discovered here were eventually converted into VMS drill intercepts at Newmétal. Geophysical contractor Abitibi Geophysics of Val d'Or, Québec have been engaged to complete the program. The Belvais project lies directly south-east of Amex Exploration's Perron Project, which recently announced a new VMS discovery (the QF Zone) along the Normétal Mine Sequence, and is also directly east and south-east of Starr Peak's NewMétal Project, which announced high-grade VMS mineralization on their Normetmar target. Both of these new discoveries occur along the Normétal Fault, which is of particular significance for Generic Gold, as the Company holds over 20 km of the Normétal Fault on its Belvais claims and is one of the largest landholders in the area with 12,563 hectares. Assays are still pending from recent drilling. Bekanntmachung • Jun 02
Generic Gold Commences Drilling for Gold and VMS on Belvais Project, Quebec Generic Gold Corporation announced that drilling is underway on the Company's inaugural diamond drill program on its Belvais Project, located in the Abitibi Greenstone Belt of Québec, along the Normétal Fault Zone. This large, fully funded 7,500m drill program will be drilled in two phases and will target both orogenic gold and gold-rich VMS targets. The initial 3,000m for Phase 1 has commenced, with the additional 4,500m of Phase 2 planned upon receipt of Phase 1 assays. As previously announced drill targets were generated following compilation of all available data, including recently completed VTEM and soil sampling surveys, as well as historical drilling analysis and geophysical work. The Belvais project lies directly south-east of Amex Exploration's Perron Project, which recently announced a new high-grade gold discovery (the 210 Zone) along the Normétal Fault and is also directly east and south-east of Starr Peak's NewMétal Project, which recently announced high-grade VMS mineralization on their Normetmar target. Both of these new discoveries occur along the Normétal Fault which is of particular significance for Generic Gold, as the Company holds over 20 km of the Normétal Fault on its Belvais claims and is one of the largest landholders in the area with 12,563 hectares. Interpretation and modelling of MAG and EM data has provided an additional 14 gold and 10 VMS targets to be tested by the Company. In addition, Generic has interpreted historical drilling across the property which the Company believes missed EM conductor plates. Some of these historical results show anomalous silver and base metal values. The majority of targets are in proximity to the historical Normétal mine and important major structures, such as the Normétal and Fermont faults. The Company will continue to keep the market updated with drill results once they become available and are compiled. Bekanntmachung • May 07
Generic Gold Corp Announces 7,500 M Drill Program on its Belvais Project Generic Gold Corp. announced a 7,500 m drill program on its Belvais project, located in the Abitibi Greenstone Belt of Quebec along the Normetal Fault Zone. This large, fully funded drill program is planned to begin in May and will target both orogenic gold and gold-rich VMS targets. The program will be completed in two phases, with an initial 3,000 metres drilled in Phase 1 and a 4,500 metres follow-up program completed in Phase 2 following receipt of assays. Drill targets were generated following compilation of all available data, including recently completed VTEM and soil sampling surveys as well as historical drilling and geophysical work. As shown in Figure 1, the Belvais project lies directly south-east of Amex Exploration's Perron Project, which recently announced a new high-grade gold discovery (the 210 Zone) along the Normétal Fault (Amex Press Release dated February 17th, 2021), and is also directly east and south-east of Starr Peak's Newmétal Project, which recently announced high-grade VMS mineralization on their Normetmar target (Starr Peak Press Release dated May 4th, 2021). Both of these new discoveries occur along the prolific Normétal Fault which is of particular significance for Generic Gold, as the Company holds over 20 km of the Normétal Fault on its Belvais claims and is one of the largest land holders in the area with 12,563 hectares. Exploration (Laurentia), consulting geologists to Generic, have now compiled a complete 3-D dataset of all historical drilling on the project. Company interpretation and modelling of company recently completed VTEM airborne survey is still ongoing, but preliminary modelling of the anomalies has exceeded company expectation, particularly on the western portion of Belvais adjacent to Starr Peak's NewMetal project. As shown in Figure 3, company have identified high priority EM conductor plate that lie directly on strike from the past producing Normetal Mine and Starr Peak's recently announced high-grade VMS intercepts below the Normetmar showing, as well as a multitude of conductor plates that lie to the south of Starr Peak which are also related to a surface base-metal and silver showing. Company will continue to model and interpret company datasets and will provide a further press release focused on company gold targets in the coming weeks ahead of company inaugural drill program. Generic has significantly advanced the Belvais project over the past several months. Specifically, is has completed: A B-horizon soil sampling program (as announced on February 23rd, 2021); A property-wide VTEM and magnetics survey; Compilation and 3-dimensional modelling of all historical drilling on the project; and Are currently in the process of modelling the geophysical data for both orogenic gold and VMS drill targets. Thus far, modelling of the EM anomalies on the western portion of Belvais has generated a number of high priority targets along the Normetal deformation zone. These targets, as shown in Figure 2 and 3, are particularly encouraging following the recent successful drill results of Starr Peak Mining Ltd. (see May 4th, 2021 press release) on their Normetmar VMS target. Target P-GEN-21-04 occurs on the same stratigraphic horizon as the Normetal Mine and the Normetmar showing, situated approximately 1.5 km to the east-southeast. Targets P-GEN-21-01 and P-GEN-21-02 are situated approximately 1.5 km southwest of the Normetal mine on a separate stratigraphic horizon, but are associated with a historical silver- copper showing called Normetal-SO, which returned a grab sample of 5.0 g/t Ag and 314 ppm Cu. Targets P-GEN-21-03 and P-GEN-21-12 are situated along the same stratigraphic horizon as the Normetal-SO showing and are associated with a cluster of EM anomalies as well as an isolated magnetic anomaly. The Company continues to model its magnetic data to identify the structural framework of Belvais and will present this to the market when finalized, along with additional EM modelling of targets further to the East. Bekanntmachung • Feb 25
Generic Gold Corporation Identifies Gold, Silver, Copper and Zinc Anomalies from B-Horizon Soil Sampling Program on Belvais Project, Québec Generic Gold Corp. shared the results from its recently conducted B-Horizon soil sampling program on its 100% owned Belvais Project ("Belvais" or the "Project") in Québec. Soil samples returned multiple gold, silver, copper and zinc anomalies. Belvais lies directly south- east of Amex Exploration's Perron Project, which recently announced a new high-grade gold discovery along the Normétal Fault on their Perron Project. This is of particular significance for Generic Gold, as the Company holds over 20 km of the Normétal Fault on its Belvais claims and is one of the largest land holders in the area with 12,563 hectares. The B-horizon soil sampling program was completed to assist with drill target generation. During the 16-day soil sampling campaign completed in December 2020, 369 samples were taken, spread out across the four blocks of Belvais, with line spacings between 900-1,000 metres apart and sample stations every 150 metres. Generic Gold engaged a consulting geologist specialising in glacial till geology and movements to plan the program and analyse results. With the obtained gold results and knowledge of local glacial dispersion, the consultant has generated up-ice targets from which anomalous gold values may be derived. The Company also recently completed an airborne VTEM geophysical survey across all its Belvais blocks to identify structures and conductive bodies which may aid in discovering important smaller splay faults off the larger Normétal thrust. Results from this survey are expected over the coming weeks. This is the final data input prior to selecting key targets for the drilling campaign expected to be launched in the coming months. Bekanntmachung • Jan 29
Generic Gold Corp. Appoints Bernard Dionne to the Board of Directors Generic Gold Corp. announced that Mr. Bernard Dionne has been appointed to the Board of Directors of the Company, effective immediately. Mr. Bernard Dionne has more than 36 years of experience in the investment brokerage industry. Mr. Dionne has been involved with three different firms as a financial adviser, including working 11 years as a branch manager and vice-president. Mr. Dionne is a graduate of Université du Québec where he earned a Bachelor of Business Administration with a focus in finance, giving him the experience to provide advice to his clientele and through his experience, has trained other advisers in the mining sector. Bekanntmachung • Dec 19
Generic Gold Provides Exploration Update on Belvais Project in the Chicobi Deformation Zone, Québec Generic Gold Corp. provided an update on the progress of exploration work on its Belvais Project ("Belvais" or "the Project") in Québec. The groundwork for the B-horizon soil sampling program has been completed and samples have been sent for analysis. Results are expected by mid to late January. The VTEMTM Geophysical Program continues to progress well. Completion is envisaged for January with results from the survey to follow soon after. Belvais lies directly south-east of Amex Exploration's Perron Project, which has made several high-grade gold discoveries (please refer to Amex Exploration's website). Generic Gold holds a significant land position of 12,563 hectares in the immediate Normétal area. The B-horizon soil sampling program is an important data point for target generation. The B-horizon level of soil has one or more of the following: enrichment in organic matter, iron and aluminum, by the development of soil structure. Anomalous values found in this layer can be an indication of a bedrock source. During the 16-day soil sampling campaign, 369 samples were taken, spread out across the four blocks of Belvais, with line spacings between 120-150 metres. The work was completed by a team of six geologists and technicians. The team also took advantage of the opportunity in the field to complete mapping of a number of outcrops and to note all access ways. Follow up sampling work on these mapped outcrops is planned for next year. Is New 90 Day High Low • Nov 30
New 90-day low: CA$0.39 The company is down 5.0% from its price of CA$0.41 on 31 August 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 12% over the same period. Bekanntmachung • Nov 26
Generic Gold Corporation (CNSX:GGC) completed the acquisition of Des Meloizes Property from Niobay Metals Inc. (TSXV:NBY) and SOQUEM inc. Generic Gold Corporation (CNSX:GGC) entered into an agreement to acquire Des Meloizes Property from Niobay Metals Inc. (TSXV:NBY) and SOQUEM inc. for $0.2 million on September 21, 2020. Pursuant to the transaction, in exchange of 47% stake, Niobay will receive cash in the amount of $0.03 million and an aggregate of 1,750,000 common shares in the capital of Generic Gold. In exchange of 53% stake, SOQUEM will receive cash in the amount of $0.2 million and an aggregate of 750,000 consideration shares. In addition, SOQUEM will receive a 3% net smelter returns royalty in respect of the Des Meloizes, subject to the right and option of Generic Gold to purchase 1% of the NSR for a price equal to $1 million. The transaction is subject to certain closing conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange and execution of a definitive purchase agreement on terms acceptable to all parties.
Generic Gold Corporation (CNSX:GGC) completed the acquisition of Des Meloizes Property from Niobay Metals Inc. (TSXV:NBY) and SOQUEM inc. on November 25, 2020. The securities issued in connection with the transaction are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. Bekanntmachung • Oct 31
Generic Gold Corporation Announces Executive Changes Generic Gold Corporation announced the appointment of Aaron Stone, P.Geo, as Vice President, Exploration of the Company and Jordan Harris as a technical consultant. Mr. Stone is a registered Professional Geologist in the province of Québec, Canada and is fluent in both French and English. Most recently, Mr. Stone worked with Laurentia Exploration ("Laurentia"), the geological consulting group working on Amex Exploration Inc.’s Perron Project, which has made several high-grade gold discoveries. Bekanntmachung • Oct 03
Generic Gold Corporation (CNSX:GGC) agreed to acquire three blocks of claims in Quebec for CAD 2 million. Generic Gold Corporation (CNSX:GGC) agreed to acquire three blocks of claims in Quebec for CAD 2 million on July 7, 2020. Under the terms, Generic Gold will grant CAD 0.3 million in cash and 4.5 million shares issued in several tranches. Additionally, Generic Gold must complete a minimum of CAD 0.3 million of exploration work on the claims within the first 12 months, and grant the sellers a 3% net smelter returns royalty in respect of the claims. The transaction is subject to certain closing conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange. Is New 90 Day High Low • Sep 26
New 90-day high: CA$0.58 The company is up 364% from its price of CA$0.13 on 26 June 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 12% over the same period. Bekanntmachung • Aug 13
Generic Gold Corporation announced that it has received CAD 7.043404 million in funding On August 11, 2020, Generic Gold Corporation (CNSX:GGC) closed the transaction. The company issued 16,858,298 units for proceeds of CAD 5,900,404 and 2,857,500 flow through units for proceeds of CAD 1,143,000 for total gross proceeds of CAD 7,043,404. Bekanntmachung • Jul 18
Generic Gold Corporation announced that it expects to receive CAD 3.5 million in funding Generic Gold Corporation (CNSX:GGC) announced a best-efforts brokered private placement of units at an issue price of CAD 0.35 per unit and flow through units at an issue price of CAD 0.40 per FT unit for aggregate gross proceeds of CAD 3,500,000 led by Eric Sprott on July 16, 2020. The transaction will also involve participation from other investors. Each unit shall be comprised of one common share and one common share purchase warrant. Each unit warrant shall entitle the holder thereof to acquire one common share at a price of CAD 0.50 for a period of two years from the closing date. Each FT unit shall be comprised of one common share, and one-half of one common share purchase warrant, issued on a non-flow-through basis. Each FT unit warrant shall entitle the holder thereof to purchase one additional common share, issued on a non-flow-through basis, at a price of CAD 0.50 for a period of two years from the closing date. The transaction is expected to close on or about August 6, 2020 or such other date as agreed between the company and the agent. The completion of the transaction is subject to certain closing conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Canadian Securities Exchange. All offered securities will be subject to a statutory hold period of four months and one day from the closing date. Bekanntmachung • Jul 17
Generic Gold Corp. Announces Executive Changes Generic Gold Corp. announced the resignation of Mr. Kelly Malcolm as Chief Executive Officer of the Company, effective immediately. Mr. Malcolm will remain a director of Generic Gold. Generic Gold to appoint Mr. Richard Patricio to the role of CEO of the Company, effective immediately. Richard Patricio is President and CEO of Mega Uranium Ltd. and has served in this capacity since February 2015, having been Mega Uranium's Executive Vice President since 2005. 
