Bekanntmachung • Apr 02
Pelangio Exploration Inc., Annual General Meeting, Jun 16, 2026 Pelangio Exploration Inc., Annual General Meeting, Jun 16, 2026. Bekanntmachung • Jan 20
Pelangio Exploration Inc. Begins Drill Program At Manfo Pelangio Exploration Inc. announced that the first phase of its drill program at the Manfo Project is underway. The drill program will consist of resource extensional drilling, as well as an exploration RC drilling program which will include evaluating the highly prospective untested Bomfaa geochemical anomaly situated 2.5 kilometers northwest of the Pokukrom deposits. The Company also announces that the Nkosuo Option Agreement has been terminated. As a result, FJ Minerals Limited ("FJ") no longer has an option to earn a 17% interest in the Manfo Project and its existing mineral resource (the "FJ Option"), and conversely Pelangio no longer has a right to earn an 83% interest in the Nkosou Property, an adjacent exploration property. In addition, the option to earn a 10% interest in the Manfante Project by Nathawo Properties and Investment Limited by paying Pelangio $1,000,000 (the "Nathawo Option") has also terminated. Following the termination of the FJ Option and the Nathawo Option, Pelangio retains the 27% of the known mineral resource previously subject to option and disposes of its option interest in the adjacent Nkosuo exploration property. As well, Pelangio has been granted a Right of First Refusal on the Nkosuo property. Considering both the recent rise in the gold price and the absence of the required Forest Entry Permit from the vendor, the loss of the exploration property is outweighed by securing the 27% interest in the known Manfo resource. Consequently, the development is net beneficial. The current Manfo Resource Estimate ("MRE") is defined by a total Indicated Mineral Resource of 441,000 ounces of gold at an average grade of 1.16 g/t Au and totaling 11,787,000 tonnes and a total Inferred Mineral Resource of 396,000 ounces of gold at a average grade of 0.77 g/t Au totaling 16,048,000 tonnes; however 63,000 ounces in the Inferred category are from the Nfante West deposit and approximately one half of the Nfante West deposit is located on the Nfante property. Manfo Exploration Program. A 6,850-meter drilling program has just commenced on the Manfo project, consisting of 3,150 meters of resource extensional diamond drilling (now underway) to be followed by 3,700 meters of exploration reverse circulation (RC) drilling. This program is the first phase of a larger planned program described in Pelangio's September 2025 NI43-101 Technical Report, which is intended to grow the Manfo project if successful. The diamond drilling in this program will test for extensions to the Pokukrom East and West deposits, along strike, down-dip and down-plunge. Demonstrated extensions to the mineralized zones will be followed up by infill drilling in future programs to quantify potential additions to the Manfo gold resource. The exploration RC drilling program will evaluate the highly prospective untestedBfaa Au geochemical anomaly situated 2.99 g/t Au (Pelangio, 2011) and 17 meters @ 1.22 g/t Au (PELangio, 2010), plus test for a possible southern extension to the small Nkansu deposit. Qualified Person. Mr. Kevin Thomson, P.Geo. (Ontario, #0191), Senior Vice-President, Exploration and Director, is a qualified person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects. Bekanntmachung • Oct 23
Pelangio Exploration Inc. announced that it has received CAD 4.5 million in funding On October 22, 2025, the company has closed the transaction. The Company paid finder's fees to securities dealers totalling CAD453,396.32 in cash and issued non-transferable finders warrants entitling such finders to purchase up to an aggregate of 2,371,130 Common Shares at a price of CAD 0.18 per Common Share until October 9, 2027. All finder's fees are subject to compliance with applicable securities legislation and TSX Venture Exchange policies. All securities issued in the Final Tranche are subject to statutory four month hold periods and, in respect of Insiders, also the TSX Venture Exchange Hold Period, expiring on February 23, 2026. The Private Placement remains subject to obtaining final approval of the TSX Venture Exchange. Bekanntmachung • Sep 23
Pelangio Exploration Inc. announced that it expects to receive CAD 4 million in funding Pelangio Exploration Inc. announces a non-brokered private placement to issue 22,222,222 Units at a price of CAD 0.18 per unit for gross proceeds of CAD 4 million on September 22, 2025. Each Unit consists of one common share of the Company and one half of a Common Share purchase warrant. Each whole Warrant entitles the holder to purchase one Common Share at a price of CAD 0.31 for a period of 2 years from the initial closing date of the Offering. The closing of the Offering may occur in one or more tranches, with the initial closing date of the Offering expected to occur on or about October 9th, 2025 and is not subject to receipt of a minimum amount of gross proceeds. Certain insiders of the Company may participate in the Offering. Any participation by insiders in the Offering. Bekanntmachung • Aug 23
Pelangio Exploration Inc. Announces an Updated, Independent, Mineral Resource Estimate for Its Manfo Gold Project, Ghana Pelangio Exploration Inc. announced the results of an updated, independent, Mineral Resource Estimate (the " Resource") for the Company's 100% owned Manfo Gold Project ("Manfo") in Ghana. The Resource was completed by SEMS Technical Services Ltd. of Ghana. The Resource, with an effective date of July 31, 2025, is reported for four gold deposits using constraining optimized pits at a gold price of USD 2,600 per ounce, and: Updates Pelangio's Maiden gold resource estimate which was completed in 2013 at a gold price of USD 1,450 per ounce. The Company intends to file a technical report in respect of the Resource within 45 days and will issue an additional news release at that time. The updated Manfo resource estimate demonstrates a substantial increase in both tonnage and contained gold, with a notable improvement in the confidence of the Indicated category. The integration of new drilling data and the addition of the Nkosuo mining lease have materially enhanced the project's scale and potential. The Mineral Resource updates the 2013 maiden mineral resource estimate prepared by SRK Consulting (Canada) Inc. released on May 17, 2013, and filed June 21, 2013. The Nkansu deposit was largely drilled after the 2013 maiden resource was estimated and is a new addition to the total resource at Manfo. Drill assay grades were composited to one-meter lengths with top-cutting varying by resource domain and ranging up to a maximum of 30.0 g/t Au. Mineral resource estimation consisted of standard geostatistical techniques of variography and ordinary kriging applied to wireframe models of mineralization and lithological alteration zones as defined by various interpreted resource domains. An updated Mineral Resource Estimate was completed for the Manfo gold project in August of 2025. Gold mineralization at Manfo occurs in 8 prospects along a 9-kilometer-long structural corridor in a granodiorite intrusive, three of which were drilled to a resource status and were included within the Maiden Resource estimate for Manfo released in 2013. The August 2025 Resource updates the 2013 maiden resource estimate to reflect the increase in gold price since 2013 and incorporates drilling conducted by Pelangio after 2013. SEMS Technical Services updated the original grade block models created in 2013 by SRK Consulting (Canada") Inc. for the Pokukrom East and West deposits to account for post-2013 drilling, a new model was created for the Nkansu deposit, and the Nfante West model remains unchanged since 2013. SEMS used Datamine software to review and update the mineral resource estimation domains, prepare assay data for geostatistical analysis, construct the block models, estimate metal grades, and tabulate mineral resources. Mineral resource estimation consisted ofstandard geostatistical techniques of variable kriging applied to wire frame models of mineralization and Lithological alteration zones as defined by the interpreted resource domains. To demonstrate " reasonable prospects for eventual economic extraction" based upon open pit mining methods and conventional treatment processes, pit optimization techniques were used to generate conceptual pit shells ensuring that appropriate assumptions for the relevant technical and economic factors were considered in the determination of the stated Resource. As a result, the 2013 Resource included material which was above the gold cut-off grades but located outside of the USD 1,450 Au conceptual pit shells (" Outside Pit") but SRK justified its inclusion as Inferred resource material if it was adjacent to and at a shallower elevation than the conceptual pit bottoms on the assumption that under higher gold prices the material " may be economically amenable to open pit extraction". Hosting interpreted extensions of two of the known Manfo mineralized structures plus possibly additional structures as demonstrated by historical exploration work by Ashanti Goldfields (now AngloGold Ashanti) plus considerable workings by artisanal miners, it has been completed in 2013. Bekanntmachung • Jun 25
Pelangio Exploration Inc. Provides an Update on Recent Corporate and Exploration Developments Across Its Ghanaian Gold Projects Pelangio Exploration Inc. provided an update on recent corporate and exploration developments across its Ghanaian gold projects following a two-week site visit by Pelangio's Technical Team: Kevin Thomson, Senior Vice-President, Exploration and Samuel Torkornoo, Vice President Africa in May 2025. Manfo and Nkosuo Option Highlights. Manfo: Engaged with SEMS Exploration in their completion of Mineral Resource Update (MRE) Manfo MRE update: expected completion in Third Quarter 2025. Manfo: site visit with SEMS Exploration and PX Technical Team included GPS checks on drill collar positions, ground status checks, a review of drill core from the 2021-2023. drilling programs and sampling of assay pulps for a check on assays. Nkosuo: conducted preliminary due diligence on Nkosuo project currently under option from FJ Minerals. Nkosuo: identified four or more mineralized trends with similar geology to Manfo. Geological Discussion. Manfo-Nkosuo Projects. Informal/artisanal mining activity at Nkosuo has exposed mineralized structures that align with historical intercepts from Ashanti Goldfields along the Pokukrom-Nfante West mineralized trend as well as on strike with the Nfante Central prospect plus two or more additional structures, suggesting the potential for additional discoveries. UAV Aeromagnetic Survey Progress. A high-resolution UAV-base aeromagnetic survey is about to commence on the Manfo-Nkosuo project covering approximately 900 line-kilometers at 50-meter spacing and is expected to take three weeks, weather permitting. The survey will enhance geological and structural interpretation and assist in identifying new drill targets. Community engagement has been prioritized to ensure smooth operations, particularly in areas where informal mining is active. The survey is expected to start within several days. Bekanntmachung • Apr 16
Pelangio Exploration Inc., Annual General Meeting, Jun 25, 2025 Pelangio Exploration Inc., Annual General Meeting, Jun 25, 2025. Bekanntmachung • Mar 31
Pelangio Exploration Inc. announced that it has received CAD 1 million in funding On March 29, 2025 Pelangio Exploration Inc. closed the transaction. No finder’s fees are payable in relation to this private placement. All securities issued in this closing of the private placement are subject to statutory four-month hold periods expiring four months after the date of issuance. The private placement remains subject to obtaining final approval of the TSX Venture Exchange. Bekanntmachung • Feb 27
Pelangio Exploration Inc. announced that it expects to receive CAD 1 million in funding Pelangio Exploration Inc. announced a non-brokered private placement to issue 25,000,0000 units at an issue price of CAD 0.04 per unit for gross proceeds of CAD 1,000,000 on February 26, 2025. Each Unit consists of one common share and one Common Share purchase warrant. Each whole Warrant entitles the holder to purchase one Common Share at a price of CAD 0.05 for a period of 3 years from the initial closing date of the Offering. The Offering is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX-V. The closing of the Offering may occur in one or more tranches, with the initial closing date of the Offering expected to occur on or around March 15, 2025 and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws and TSX-V policies. The Offering is open to participation by insiders. Bekanntmachung • Sep 09
Pelangio Exploration Inc. announced that it expects to receive CAD 0.4 million in funding Pelangio Exploration Inc. announced a non-brokered private placement to issue 16,000,000 units at an issue price of CAD 0.025 per unit for the gross proceeds of CAD 400,000 on September 8, 2024. Each Unit consists of one common share and one Common Share purchase warrant. Each whole Warrant entitles the holder to purchase one Common Share at a price of CAD 0.05 for a period of three years from the initial closing date of the Offering. The Offering is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX-V. The closing of the Offering may occur in one or more tranches, with the initial closing date of the Offering expected to occur on or around September 30, 2024 and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws and TSX-V policies. The Offering is open to participation by insiders. Bekanntmachung • Sep 04
Pelangio Exploration Inc. Announces CFO Changes Pelangio Exploration Inc. announced that the Company has hired Grove Corporate Services Ltd. announced the appointment of Ms. Donna McLean as Chief Financial Officer effective immediately. Ms. McLean has over 30 years' experience working with numerous publicly traded and private companies, specializing in the areas of financial reporting, controls and administration, and has served as CFO for several junior mineral exploration companies. Ms. McLean will take over the role of CFO from Sabino Di Paola, who served as Pelangio's CFO from May 2023 to September 2024. Bekanntmachung • Aug 16
Pelangio Exploration Inc. Announces That It Is Currently Evaluating the Potential for Near-Term Production At Its Manfo Gold Project in Southwest Ghana Pelangio Exploration Inc. announced that it is currently evaluating the potential for near-term production at its Manfo gold project in Southwest Ghana. A review of the resource models of the three deposits at Manfo to determine the gold content and tenor of mineralization at shallow depths which could be exploited by open-pit mining is underway and will proceed to a formal study of possible near-term production scenarios which could be economic under the current record high gold price. The 96 km² Manfo project is located in the Sefwi-Bibiani greenstone belts of the Paleoproterozoic Birimian of southwest Ghana, 15 km southeast of Newmont's Ahafo gold mine and 40 km north of Asante Gold's Bibiani gold mine. Pelangio acquired the property in 2010 and conducted considerable exploration resulting in seven significant gold discoveries with three of them drilled to a resource status. In 2013 SRK Consulting (Canada) estimated the project hosts a gold mineral resource of 195,000 oz (at 1.5 g/t Au) Indicated and 298,000 oz (at 1.0 g/t Au) Inferred with the majority of the resource contained in the adjacent Pokukrom East and West deposits.¹ SRK used a gold price of $1,450 USD per ounce Au and a cut-off grade of 0.5 g/t Au for their MRE. Refer to SRK's NI43-101 report "Mineral Resource Evaluation Technical Report, Manfo Gold Project, Ghana" released on June 21, 2013, for the details. In 2021 Pelangio identified opportunities to grow the project through step-out drill testing of open-ended mineralization in the known deposits plus drill testing of multiple exploration targets along and near the 9 km of mineralized structures within the property. Diamond drilling programs were conducted by Pelangio in 2021 and 2023 with a total of 1,423 meters of drilling conducted at the Pokukrom East and West deposits. These drilling programs and their results are detailed in Pelangio's press releases of November 16, 2021 and July 24, 2023. The results were encouraging and demonstrated extensions to the known mineralization in both deposits and concluded continued drilling around the deposits for potential resource additions is warranted. Significant intercepts from the 2021 and 2023 drill programs included: A number of resource extensional targets around the Pokukrom deposits remain to be drill tested which could deliver additions to the two Pokukrom deposits with successful infill drilling, and property-wide exploration drilling planned to test 20+ targets has yet to be conducted. These targets consist principally of untested favourable geological and structural settings with lower-order Au in soils anomalism that could deliver one or several satellite deposits with drilling successes. While the longer term goal is to develop Manfo into a significantly larger project through continued resource and exploration drilling programs, it is recognized that the significant resource contained at Manfo could present a near term opportunity for a smaller ‘starter' mining project that exploits a shallower portion of the gold resource, which could capitalize a larger project down the road. The mineralization at Manfo comes to surface and some of the best gold grades are near surface. With the increase in the gold price from USD 1,450 in 2013 to USD 2,400 now, the economics of gold production at Manfo is expected to be much improved. A review of the resource models at Manfo to determine the gold content and tenor of mineralization at shallow depths which might be exploited by one or several smaller open-pits has commenced and will proceed to a formal study of possible near-term production scenarios which could be economic under the current record high gold price. Bekanntmachung • Jul 05
Pelangio Exploration Inc. Appoints Kamar Jones to the Board of Directors Pelangio Exploration Inc. announced the appointment of Kamar Jones to its Board of Directors. Mr. Jones is a seasoned executive with a unique blend of expertise in capital markets and mining consulting. With nearly three decades of experience, he has developed a robust understanding of the financial mechanisms that drive market success and the operational intricacies essential to mining consulting. Mr. Jones has been involved in multiple turnaround mining projects. Bekanntmachung • Apr 28
Pelangio Exploration Inc., Annual General Meeting, Jun 28, 2024 Pelangio Exploration Inc., Annual General Meeting, Jun 28, 2024. Bekanntmachung • Apr 17
Pelangio Exploration Inc. announced that it has received CAD 0.5 million in funding On April 16, 2024, Pelangio Exploration Inc. closed the transaction. The company issued up to 25,766,666 units a price of CAD 0.015per unit for gross proceeds of CAD 386,499.99 in its second and final tranche. The company paid total finders' fees in relation to both the first and second tranche of the private placement to eligible finders consisting of CAD 23,000 in cash and 1,533,333 warrants. The transaction included participation from certain insiders of the company for an aggregate total of CAD 85,500. Bekanntmachung • Feb 29
Pelangio Exploration Inc. announced that it expects to receive CAD 0.5 million in funding Pelangio Exploration Inc announced a non-brokered private placement to issue 33,333,333 units at a price of CAD 0.015 per Unit for a gross proceeds CAD 499,999.995. Each unit consists of one common share of the company and one Common Share purchase warrant. Each whole Warrant entitles the holder to purchase one common share at a price of CAD 0.05 for a period of five years from the initial closing date of the Offering. The closing of the Offering may occur in one or more tranches, with the initial closing date of the Offering expected to occur on or around March 30, 2024 and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable
Canadian securities laws and TSX-V policies. The Offering is open to participation by insiders. The Offering is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX-V. Bekanntmachung • Sep 12
Pelangio Exploration Inc. announced that it expects to receive CAD 0.5 million in funding Pelangio Exploration Inc. announced a non-brokered private placement to issue 16,666,666 units at an issue price of CAD 0.03 per unit for the gross proceeds of CAD 499,999.98 on September 11, 2023. Each Unit consists of one common share and one Common Share purchase warrant. Each whole Warrant entitles the holder to purchase one Common Share at a price of CAD 0.05 for a period of five years from the initial closing date of the Offering. The Offering is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX-V. The closing of the Offering may occur in one or more tranches, with the initial closing date of the Offering expected to occur on or around September 25, 2023 and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws and TSX-V policies. The Offering is open to participation by insiders. Bekanntmachung • Sep 07
Pelangio Exploration Inc. Provides Update on Activities in Ghana and Canada Pelangio Exploration Inc. provided an update on recent activities and plans for its projects in Ghana and Canada. The recently completed Manfo drill program extended mineralization in both the Pokukrom East and West deposits, demonstrating resource growth potential with continued step-out drilling. Canada Nickel Company's significant discovery on its Mann Northwest property enhances interest in adjacent Mann property (2.2 km away). The agreement provides both exploration funding and access to a technical team with over 125 years of expertise on the extremely prolific Ashanti gold belt, including significant experience at the Obuasi mine itself. Secondly, Manfo drill program extended known mineralization at the southern ends of both the Pokukrom East, and West deposits. It identified opportunities to grow the project through step-out drill testing of open-ended mineralization in the known deposits to demonstrate possible extensions that would be further drilled for potential resource addition, plus drill testing of multiple exploration targets along and near the 9 kilometers of mineralized structures within the property. A 3,700-meter diamond drilling program was designed to test potential extensions of the Pokukrom West and in late 2021, drilling commenced with two holes at the smaller, higher-grade Pokukrom West deposit. This program was completed in June 2023. The drill program, detailed in Pelangio's news release of July 24, 2023, tested for strike and down-dip extensions in select areas of both Pokukrom deposits, in addition to a soil plus auger gold geochemical target sitting on the western flank of Pokukrom East. While the program eliminated the geochemical target and downgraded the potential shallow northern strike extension to Pokukrom West above the successful 2021 down-plunge drill test, drilling demonstrated a continuation of the Pokukrom West mineralization incrementally further to the south of the deposit plus a down-dip extension of Pokukrom East at the southern end of the deposit. The down-dip drill test at the shallower southern end of the deposit intercepted 0.71 g/t Au over 20 meters plus 1.66 g/t Au over 7 meters, including 1 meter of 8.43 g/t Au. The resource estimation was made in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects at the time of the mineral resource estimation in 2013. NI 43-101 standards for disclosure have been amended multiple times since 2013 and as a result, Pelangio's 2013 resource estimate is no longer NI 43-101 compliant under the current standards. Obuasi was Pelangio's project in Ghana from 2007 until drilling on the Manfo Project started demonstrating mineral resource potential and litigation between vendors of two of the four claims of the Obuasi property hindered exploration activities on the property. With the litigation now resolved and a recently signed binding letter of intent ("LOI") to option a portion of the Obuasi property to TuNya Mineral Resources, Pelangio is turning new focus to the Obuasi project. Pelangio conducted considerable work on the Obuasi project from 2007 to 2011, including two airborne VTEM/magnetic surveys, geological and geochemical surveys, and trenching plus diamond drilling focused on just a hand of prospects that returned Obuasi-style geology and alteration with anomalous to significant drill intercepts from nearly all targets drill tested. It was the focus of early exploration drilling by Pelangio, returning anomalous results but no significant discovery. Working with TuNya and their new products, Pelangio expects to be able to develop a more informed ranked target list for ongoing Obuasi exploration. Location of Pelangio's Obuasi and Dankran Projects in Relation to AngloGold Ashanti's Obuasi Mine. Bekanntmachung • Jul 25
Pelangio Exploration Inc. Completes Diamond Drilling At Manfo Project, Ghana and Provides Assay Results Pelangio Exploration Inc. completed a 1,039.5 diamond drill program at the Pokukrom East and West deposits on its Manfo Project located 15 kilometers south-southeast of Newmont's Ahafo Mine and 40 kilometers north of Asante Gold's Bibiani Mine. A diamond drilling program was conducted on the Manfo Projec tbetween March 17 and June 19, 2023 with all assays recently received. Seven holes were drilled for a total of 1,039.5 meters to test for extensions to the known mineralization plus exploration targets around the Pokukrom deposits with four of the holes totaling 701.7 meters at Pokukrom East and three holes totaling 337.8 meters at Pokukrom West. At Pokukrom West drill holes SPDD23-001 and SPDD23-002 tested for a northern extension of the Pokukrom West mineralization above hole DD21-002 which in 2021 successfully demonstrated a down-plunge continuation of Pokukrom West returning 3.19 g/t Au over 12 meters, including 6.85 g/t Au over 3 meters. The two holes did intersect alteration corresponding to the Pokukrom West zone, however gold assays were weak. Future drilling will consider testing further down-plunge of DD21-002. Drill hole SPDD23-006 tested for an extension to the high-grade oxide mineralization of Pokukrom West which was open-ended to the south intercepting 1.88 g/t Au over 13 meters, including 4.01 g/t Au over 4 meters, which could extend the resource model incrementally to the south. The oxide mineralization remains open to the south and auger drilling anomalism south of SPDD23-006 indicates additional shallow drilling further to the south is warranted. At Pokukrom East two holes, SPDD23-003 AND SPDD23-004, were drilled to evaluate a strong soil anomaly with coincident auger drill hole anomalism sitting on the northwestern flank of the Pokukrom East deposit between Pokukrom East and West. The two drill holes intersected a wide zone of alteration similar to that which hosts the mineralization at Pokukrom, but disappointingly the assay results were weak. Holes SPDD23-007 and SPDD-008 were planned to test gaps in the historical drilling at the southern end of the Pokukrom deposit with the potential of adding to the resource model at shallow levels. Hole SPDD23-007 intersected 0.71 g/t Au over 20 meters including 1.32 g/t over 6 meters, followed by a second zone of 1.66 g/t Au over 7 meters including 8.43 g/t Au over 1 meter. Mineralization remains open down-dip in this area and there is potential to extend the modeled resource deeper here at a gold price higher than the $1,450 used in the pit optimizations in 2013. Drill hole SPDD23-008 drilled a little further to the south and at a shallower level intersected a 20 meter wide zone of moderate alteration and anomalous gold, however there was only one assay returned above the cut-off of 0.4 g/t Au. Diamond drilling was conducted using an SA13000 small footprint diamond drill rig. HQ coring was conducted in the oxide, which ranged from 15 to 40 meters and averaged 25 meters deep, followed by NQ2 coring to the bottom of hole. The drill holes were spotted in the field with a hand-held GPS with locational accuracy of +/- 5 meters or so. Drill collar positions will be surveyed more accurately at a later date. A Champ-Magshot multi-shot survey instrument was used for down-hole survey readings every 30 meters. Samples were obtained at 1 meter intervals by sawing the drill core in half with a diamond saw and submitting half core mostly to the Intertek Minerals Limited laboratory in Tarkwa, Ghana for 50g Fire Assay for gold, and one drillhole was analyzed at ALS Ghana Limited's laboratory in Kumasi, Ghana also for 50g Fire Assay. QA/QC samples, including certified standards, blanks and duplicate core samples (1/4 split drill core), were inserted into the drill sample stream at a rate of one in ten samples. The QA/QC results were within acceptable limits. The laboratory also performed their own internal QA/QC checks, which were also acceptable. The true thicknesses of the mineralized drill intercepts reported here ranged from 75% of the drill core length in hole SPDD23-006 to 97% of core length in hole SPDD23-007. Bekanntmachung • Jul 12
Pelangio Exploration Inc. Announces Settlement of Obuasi Litigation Pelangio Exploration Inc. announced that settlement agreements have been reached to resolve all outstanding litigation with respect to an action commenced in 2009 in the Ghana High Court involving the vendor of two of the four prospecting licenses comprising Pelangio's Obuasi property. The two prospecting licenses involved in the litigation and referenced as Kyereboso 2 License and Kyereboso 3 License in the attached Figure 1 are hereinafter referred to as the "Property". The litigation related to a dispute between the Property vendor's corporate history and the estate of one of its founding shareholders (the "Plaintiff). Pelangio was subsequently added as a co-defendant in 2012. Although no monetary consideration was claimed from Pelangio by the Plaintiff in the litigation, an interlocutory injunction had been granted which had the effect of preventing all parties from selling any interest in or conducting mining on the Property pending final determination of the matter. Terms of Settlement: The settlement provides that upon the acceptance of the settlement terms by the Ghana High Court and entry of such settlement terms as a binding consent judgment resulting in full resolution in addition to release of all claims asserted by the Plaintiff, or such claims that could have been asserted by the Plaintiff, directly or indirectly in the litigation and permanently releasing any injunction or other restrictions on the Property resulting from the litigation, Pelangio will make five payments of USD 20,000 and issue Pelangio common shares having a value of CDN$50,000 in three tranches over one year, subject to approval of the share issuances by the TSXV. The consideration has been agreed upon as a compromise and final settlement of disputed claims and payment of the amounts set forth herein and the issuance of the Common Shares is not an admission of liability by any party and is not to be construed as an admission that any party engaged in any wrongful, tortious, or unlawful activity. Bekanntmachung • May 24
Pelangio Exploration Inc. Announces Chief Financial Officer Changes Pelangio Exploration Inc. announced that Paul Rokeby has retired as Chief Financial Officer of the Corporation. Sabino Di Paola has been appointed as the Chief Financial Officer of Pelangio Exploration Inc. Mr. Di Paola is a Chartered Professional Accountant with over 15 years of public company and finance experience. Mr. Di Paola brings cross-industry experience in raising capital, strategic business planning, regulatory compliance, and corporate governance. Mr. Di Paola is the current CFO of Sandfire Resources America Inc. and he has been the CFO for publicly traded companies operating within the mineral exploration and natural resources, natural health, biotech pharmaceutical and infrastructure sectors.