New Risk • May 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$135.1m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (160% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Significant insider selling over the past 3 months (CA$193k sold). Market cap is less than US$100m (CA$135.1m market cap, or US$99.1m). Recent Insider Transactions • Mar 19
Independent Director recently sold CA$193k worth of stock On the 17th of March, Jonathan Hill sold around 250k shares on-market at roughly CA$0.77 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Price Target Changed • Feb 17
Price target increased by 32% to CA$1.25 Up from CA$0.95, the current price target is an average from 2 analysts. New target price is 47% above last closing price of CA$0.85. Stock is up 2,329% over the past year. The company posted a net loss per share of CA$0.12 last year. Announcement • Jan 24
Avanti Gold Corp. Announces 2,100 Meters of Historic Drill Core from the Akyanga Deposit At the Misisi Project in the Democratic Republic of the Congo Avanti Gold Corp. reported that 2,100m of historical drill core from the Akyanga deposit at the Misisi Project in the Democratic Republic of the Congo ("DRC") are currently being assayed, with results expected to be published later this quarter. In addition, the 2026 drilling programme is expected to begin later in First Quarter-2026 as the Company is in the final phase of selecting a drilling contractor, following supplier site-visits conducted in mid-January. The historical drilling occurred prior to 2018, by the previous owners, however were not assayed due to the Company's previous financial situation. Following the successful permitting process, the samples were exported from Kalemie on 15 January 2026 and arrived at the SGS assay lab in Mwanza-Tanzania on 23 January 2026, where they are currently undergoing fire assay testing. The Akyanga Deposit, located centrally in the Misisi Project, hosts an NI 43-101 compliant Inferred Mineral Resource of 40.8 million tonnes averaging 2.37 g/t gold containing 3.11 million ounces which was based on 19,956m of historic drilling, including 105 diamond drillholes ("DD") totaling 19,070m and six reverse circulation ("RC") drillholes totaling 887m. The 2,100m of samples therefore represent approximately 10% of the total diamond drilling completed by the previous operator, and targeted both the northwest extension and the high-grade southern zones of the Akyanga deposit at depth. The Company believes that the assays from these untested core samples have the potential to confirm continuity of high-grade mineralization along strike and down dip in the southern portion of Akyanga as well as provide valuable data to refine the 2026 exploration programme. Avanti is also pleased to have made significant progress toward launching its 2026 drilling programme. Following a successful tender process a drilling service agreement is expected to be signed in the coming weeks. Most recently, the Avanti team conducted a supplier site-visit to Misisi as part of the tender process where potential drilling contractors were able to survey the site conditions and security. Phase 1 is fully funded by the Company's LIFE Private Placement which closed on 23 October 2025. The Phase 1 programme will prioritize an increased footprint expansion effort at the Akyanga deposit, and high-priority target testing on the Akyanga East deposit, due to its close proximity to Akyanga. During Phase 1, early exploration works including ground truthing, sampling, and mapping will be conducted on Ngalula, Tulonge, Lubitchako and Kilombwe to assist in guiding the Phase 2 drilling program on those targets. The envisaged Phase 2 programme will entail approximately 27,000m of diamond drilling, and is scheduled to being in late third quarter-2026. Phase 2 is expected to continue to expand on the resource extensions at Akyanga while also introducing drilling onto the high priority targets. The phased approach serves to provide drill service providers time to ramp-up efforts to include the additional targets while leveraging the early exploration methods conducted in Phase 1 to better inform drilling target locations. Next steps. Drilling and laboratory service contracts: announcement of signed contracts for exploracon service providers for the Misisi Project. Refurbishment of camp: Increase capacity of exploracon camp facilices at the Misisi Village to support increased exploracon accvices. Key appointments: Key in-country management appointments including Security & HSE, Admin & Logisccs, Exploracon and Community managers. Assay results: Assay results from 2,100-meter of historic diamond core that targeted both the northwest extension and The high-grade southern zones of The Akyanga deposit. Launch of the Akyanga deposit in the second phase of the Akyanga deposit. Announcement • Oct 24
Avanti Gold Corp. announced that it has received CAD 25 million in funding On October 23, 2025, Avanti Gold Corp closed the transaction. Announcement • Oct 01
Avanti Gold Corp. announced that it expects to receive CAD 15 million in funding Avanti Gold Corp. announced that it has entered into an agreement in connection with reasonable effort private placement offering to issue 30,000,000 units at an issue price of CAD 0.50 for gross proceeds of CAD 15,000,000 on September 30, 2025. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at an exercise price of CAD 0.65 for a period of 36 months from the date of issuance thereof. The company will also grant the agents an option to purchase up to an additional 15% of offered securities on the same terms and conditions as set out herein exercisable in whole or in part, any time up to three business days prior to the earliest closing date. In addition, the agents and other third parties agreed to by the company and the lead agent shall be issued broker warrants up to 5% of the total number of offered securities, each broker warrant shall be exercisable for one unit at the issue price for a period of 18 months from the applicable closing date. Sir Sam Jonah, along with other board members, management and some existing strategic investors are expected to participate in the offering. The units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States securities act of 1933, as amended. The offering is scheduled to close on or about October 20, 2025, or such other date as the company and SCP may agree. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange. New Risk • Sep 24
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$1.7m 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$1.7m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Negative equity (-CA$9.2m). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$77.7m market cap, or US$55.9m). Announcement • Sep 17
Avanti Gold Corp., Annual General Meeting, Nov 25, 2025 Avanti Gold Corp., Annual General Meeting, Nov 25, 2025. New Risk • Jul 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-CA$9.5m). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$35.2m market cap, or US$25.7m). Announcement • Jul 20
Avanti Gold Corp. announced that it has received CAD 1.4 million in funding On July 18, 2025, Avanti Gold Corp. closed the transaction. The company issued 14,799,927 units at an issue price of CAD 0.035 per unit for gross proceeds of CAD 517,997.445 in its second and final tranche. The common shares and warrants issued under the offering are subject to a four-month statutory hold period ending November 15, 2025. The tranche included participation from officers and directors of the company, acquiring a total of 7,142,857 units. Announcement • Jul 08
Avanti Gold Corp. announced that it expects to receive CAD 1.4 million in funding Avanti Gold Corp. announced a non-brokered private placement to issue 40,000,000 units at an issue price of CAD 0.035 per unit for gross proceeds of CAD 1,400,000 on July 7, 2025. Each unit is comprised of one common share n the share capital of the company and one common share purchase warrant. Each warrant entitles its holder to purchase one additional common share at a price of CAD 0.05 for a period of 12 months. The securities issued pursuant to the private placement will be subject to a four-month-and-one day statutory hold period in accordance with applicable securities law. The transaction includes participation from lead investor, Martino De Ciccio and will hold 9.9% stake on a partially diluted basis upon closing of the private placement, and Sir Sam Jonah, Ian MacLean along with other board members and management will become 19% shareholders of the company on a partially diluted basis upon closing of the private placement. New Risk • Dec 26
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$2.2m 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$2.2m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$8.9m). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.82m market cap, or US$1.96m). Announcement • Aug 08
Avanti Gold Corp. announced that it expects to receive CAD 2 million in funding Avanti Gold Corporation announced a non-brokered private placement consisting of the issuance of up to 16,000,000 units at an issue price of CAD 0.125 per Unit for gross proceeds of up to CAD 2,000,000 on August 7, 2024. Each Unit is comprised of one common share and one common share purchase warrant. Each Warrant entitles its holder to purchase one additional common share at a price of CAD 0.20 for a period of 24 months following the closing. The Company may pay finder’s fees on a portion of the Private Placement, subject to compliance with the policies of the Canadian Securities Exchange. The securities issued pursuant to the Private Placement will be subject to a four-month-and-one day statutory hold period in accordance with applicable securities law. Certain insiders of the Corporation may acquire Units in the Private Placement. New Risk • Jun 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 68% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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$2.2m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-CA$6.3m). Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.9m market cap, or US$9.40m). Announcement • May 08
Avanti Gold Corp. Announces CEO Changes AVANTI GOLD CORP. announced that Ian MacLean, former Vice President of Investor Relations at B2Gold Corp., has been appointed as the Company's new Chief Executive Officer effective May 6, 2024. Ian MacLean has over 25 years of experience in the mining industry, where he has played key roles in the formation and success of several mining ventures, demonstrating an aptitude for driving transformative growth and cultivating sustainable shareholder value. He has a proven track record of collaborating with Board members, senior executives, technical management, government officials, and investors to facilitate corporate development, governance, and risk management. Most recently, Mr. MacLean was a co-founder and Vice President of Investor Relations at B2Gold Corp. He spent 15 years on the executive team that built B2Gold from a private exploration company in 2007 into a world-class international senior gold producer with a current market capitalization of approximately CAD 4.5 billion. n 2001, Mr. MacLean joined Bema Gold Corporation (B2Gold's predecessor Company), where he rose to Vice President of Investor Relations, orchestrating comprehensive communication strategies and serving as the primary liaison for key stakeholders. During his tenure, he contributed to the growth of Bema Gold from a market capitalization of approximately $83 million in 2001 to approximately $3.0 billion when it merged with Kinross Gold Corporation in 2007.Mr. MacLean began his career in 1997 as an Investor Relations representative for Nevsun Resources Corporation, a respected gold miner in Africa, acquired by Zinjin Mining in 2018. Mr. MacLean was also a co-founder and Board member of Rolling Rock Resources Inc., which owned the Monument Bay gold project in Manitoba, Canada, now being explored by Agnico Eagle Mines Ltd.Mr. MacLean replaces Dr. Colin Porter, the Company's former CEO. Dr. Porter will continue to serve as a member of the Board and Technical Consultant of the Company. New Risk • Apr 15
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 18% 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$2.2m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$6.3m). Earnings have declined by 54% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.07m market cap, or US$4.40m). Minor Risk Shareholders have been diluted in the past year (8.7% increase in shares outstanding). New Risk • Feb 23
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 18% 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$1.8m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$6.2m). Earnings have declined by 62% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$7.24m market cap, or US$5.36m). Minor Risk Shareholders have been diluted in the past year (8.7% increase in shares outstanding). New Risk • Nov 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$2.6m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-CA$5.7m). Earnings have declined by 63% per year over the past 5 years. Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.5m market cap, or US$9.76m). New Risk • Oct 28
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 17% 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$2.6m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-CA$5.7m). Earnings have declined by 63% per year over the past 5 years. Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$14.0m market cap, or US$10.1m). Announcement • Oct 14
Avanti Gold Corp., Annual General Meeting, Dec 18, 2023 Avanti Gold Corp., Annual General Meeting, Dec 18, 2023. Location: 900 - 885 West Georgia Street Vancouver British Columbia Canada Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Drew Brass was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
Valorem Resources Inc., Annual General Meeting, Dec 23, 2022 Valorem Resources Inc., Annual General Meeting, Dec 23, 2022. Announcement • Aug 31
Valorem Resources Inc. announced that it expects to receive CAD 2.5 million in funding Valorem Resources Inc. announced a non-brokered private placement of up to 15,625,000 units at a price of CAD 0.16 per unit for gross proceeds of CAD 2,500,000 on August 30, 2022. Each unit consists of one common share of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share in the capital of the company for a period of two years from the closing date at an exercise price of CAD 0.21 per warrant share. The transaction may includes participation from insiders investors. All securities issued in connection with the Offering will be subject to a four month hold from the closing date. The company may pay finder’s fees may be payable in connection with the Offering in accordance with the policies of the Canadian Securities Exchange. Board Change • Apr 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Interim CEO & Director Tony Louie is the most experienced director on the board, commencing their role in 2019. Independent Director Drew Brass was the last independent 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: Minority of independent directors. Lack of experienced directors. Announcement • Sep 21
Valorem Advances 2021 Exploration and Drill Program for Its Wings Shear Gold Property Located in Central Newfoundland Valorem Resources Inc. reported that it has resumed field exploration and remains on track for a fall drilling program on its Wings Shear gold property, located in the Gander Newfoundland exploration district, and 35 km east of Newfound Gold Corp.’s Queensway project. Highlights:- Valorem has planned an initial diamond drilling program of 1,000 metres of diamond drilling over six (6) holes focusing on the historically trenched and drill-ready Wings Shear gold prospect. Stage one of exploration consisting of prospecting, bedrock mapping and till sampling is ongoing and set to conclude in the coming weeks. 70 of 100 till samples have been collected to date with several unrecorded mineralized zones being observed and sampled. The Wings Shear Property comprises 280 claim units covering 7,000 hectares. The property covers a 1km zone of enhanced gold potential, located 32 km northeast of the town of Gander, Newfoundland and Labrador and approximately 27 km east of Newfound Gold Inc.’s Queensway Project. This feature is shear-zone hosted (the Wing’s Pond Shear Zone) and previous sampling is reported with assays up to 12.2 g/t Au from grab samples. There has been no previous drilling in this area. Announcement • Sep 10
Valorem Advances 2021 Exploration On Black Dog Lake Gold Property, James Bay Area, Quebec, Canada Valorem Resources Inc. provided update on the Black Dog Lake Gold Property located in the James Bay Area, northwestern Quebec, Canada. The Black Dog Lake Gold Property is located in the James Bay Region of Quebec, approximately 150 km east the town of Eastmain, and approximately 60 km north of the town of Nemiscau. The property is comprised of 19 contiguous mineral claims that cover an area of approximately 1,002.8 ha and are within NTS map sheet 33C01. The centre of the property is situated at approximately 413800 m Easting and 5786000 m Northing, UTM NAD83 Zone 18. The Company holds an exclusive option to acquire an undivided 100% interest in the Black Dog Lake Gold. The report concluded that mineralization at the Black Dog Zone extends at least 600 metres in length and over 100 metres down dip with an apparent thickness of 0.6 to 3.6 metres. The zone remains open along strike and at depth, as demonstrated by historical wide-spaced drilling. The full report is available on SEDAR under the Company's profile. Very attractive historical drill core intercepts are: 15.2 g/t Au over 0.6 metres (in LH-88-01); 5.6 g/t Au over 1.1 metres (in LH-88-02); and 4.3 g/t Au over 0.88 metres (in LH-88-03), indicating a fertile environment for mineralization (Shelp, G. (1989 - GM49584). Lac Hudson Project, James Bay Quebec, Report 1. Eastmain Resources Inc., "Shelp, 1989 - GM49584"). The Black Dog Zone is described as an auriferous (i.e. gold-bearing) horizon of “silicified and carbonatized sulphide facies iron formation.” The zone is sheared, banded, and locally brecciated with up to 30% pyrrhotite, 5% pyrite, and trace chalcopyrite, and magnesium-rich carbonate in veinlets and disseminations. The host is a sequence of felsic and mafic volcanics and banded felsic to mafic tuffs. The gold mineralization from the iron formation also contains anomalous zinc and copper. The best historical drill result of the Eastmain Resources Inc. 1988 drill program was 15.2 g/t Au, 22.3 g/t Ag, 0.10% Cu, and 0.52% Zn over 0.6 metres (LH-88-01) (Shelp, 1989 - GM49584). Numerous gold producers occur within lithologies similar to the sequence described above, most significantly the Homestake Mine in South Dakota, USA, and the Lupin deposit in Canada. (Graton-Sales Aime 1968). The MAG-GPS survey will be completed immediately prior to the OreVision survey. The OreVision and the Mag-GPS surveys to be conducted by Abitibi Geophysics Inc. will cover the area shown on the accompanying map. The ground geophysical surveys will provide new targets for the upcoming drilling. The grid will yield 7.2 line-km covering a zone 800 metres long by 400 metres wide grid on 50 metres spaced lines, to capture the easterly trending significant regional structure that controls the Black Dog Lake gold target. Announcement • Jun 04
Valorem Resources Submits Drilling Permits and Provides Update for the Ongoing 2021 Exploration on the Wings Shear Gold Property Located in Central Newfoundland Valorem Resources Inc. to report that it has submitted the application for approval of diamond drilling on its Wings Shear gold property, located in the Gander Newfoundland exploration district, and 35 km east of Newfound Gold Corp.’s Queensway project. Highlights: Valorem has planned an initial diamond drilling program of 1000 meters of diamond drilling over 6 holes focusing on the historically trenched and drill-ready Wings Shear gold prospect. The drilling program is set to begin, pending permit approval and drilling contractor availability. Surface sampling has been conducted during the ongoing surface exploration program in 2021, and assays are expected in the near future. A till survey consisting of 100 samples approximately ten kilograms in size are currently being collected under the guidance of Dr. Steve Amor P. Geo. The till samples will be processed into heavy-mineral concentrates and examined for gold and other pathfinder indicator minerals by Over Burden Drilling Management. The Wings Shear Property comprises 280 claim units covering 7000 hectares. The property covers a 1 km zone of enhanced gold potential, located 32 km northeast of the town of Gander, Newfoundland and Labrador and approximately 27 km east of Newfound Gold Inc.’s Queensway Project. This feature is shear-zone hosted (the Wing’s Pond Shear Zone) and previous sampling is reported with assays up to 12.2 g/t Au from grab samples. There has been no previous drilling in this area. Announcement • May 29
Valorem Resources Inc. Updates on Exploration Programs Planned for its Three Gold, Nickel, Gold-Copper, and Specimen Crystal Prospects in British Columbia, Canada VALOREM RESOURCES INC. provided an update on exploration programs planned for its three gold, nickel, gold-copper, and specimen crystal prospects in British Columbia, Canada. The first two properties, the BC Gold Project and the Lac La Hache Gold Project, are located in the Cariboo District near the historical and currently active mining town of Barkerville in central British Columbia, while the third property, the Pinto Gold-Copper Project, is in the historical Franklin Mining Camp north of the town of Grand Forks in south central British Columbia. The BC Gold Project is located southwest of the main Barkerville District and red square), and a second project also located in the Cariboo District, the Lac La Hache Gold Project, is located northeast of 100 Mile House on the north shore of Spout Lake. A third property, the Pinto Gold-Copper Project is located in the Franklin mining camp north of Grand Forks in south central British Columbia. Executive Departure • May 01
CFO & Director has left the company On the 30th of April, Derick Sinclair's tenure in the role of CFO & Director ended. We don't have any record of a personal shareholding under Derick's name. A total of 2 executives have left over the last 12 months. Announcement • Apr 27
Valorem Resources Inc. Announces 2021 Exploration Program on the Black Dog Lake Gold Property, Quebec Valorem Resources Inc. announced that it has planned a 2021 exploration and fieldwork program on the Black Dog property located in James Bay area, northern Quebec, Canada. The 2021 initial exploration work program on the Black Dog property will consist of a ground geophysical survey, surface exploration and rock sampling. OreVision®2D, a=25 and n= 1 to 10 for a depth of investigation of 110 meters. OreVision® can reveal targets at a greater depth than conventional IP without compromising near-surface resolution. OreVision® technology enables the company to read a large number of dipole spacings along individual survey lines and combine the results into a 3D interpretation. The MAG-GPS survey will be completed immediately prior to the OreVision survey. Within these coordinates, the Black Dog prospect was discovered by Eastmain Resources in 1988. Five holes were drilled in this area resulting in 15.2g/t Au /0.62 meters, 5.6 g/t over 1 meter and 4.3g/t over 0.88 meter of silicified carbonatized sulphide iron formation host rock. Ground geophysical surveys will be conducted over the same area in order to provide new targeting information for the upcoming drilling campaign. The grid will generate 7.2 line-km of Geophysical data over a zone 800 meters long by 400 meters wide, on 50 meters spaced lines. The survey is designed to capture the easterly trending significant regional structure that controls Black Dog mineralization. It is expected that the OreVision and the Mag-GPS surveys will help locate these structures and provide targeting support for new drilling along the target area of Black Dog. The new OreVision and the Mag-GPS surveys will be a key tool in developing additional targets immediately surrounding the Black Dog prospect. The company looks forward to the results and the upcoming drilling program to expand the Black Dog deposit. Prospecting, geology and rock sampling program will be conducted over the main target area of Black Dog gold prospect in order to prospect and rock sample areas of soil anomalies previously detected. The 2021 exploration program and its subsequent results will be utilized in planning the first phase drilling program. Announcement • Feb 14
Valorem Resources Inc. (CNSX:VALU) completed the acquisition of British Columbia gold project in the Cariboo District (BC Property). Valorem Resources Inc. (CNSX:VALU) entered into an agreement to acquire British Columbia gold project in the Cariboo District (BC Property) for CAD 4.7 million on January 29, 2021. As part of the consideration, Valorem Resources will issue a total of 30 million common shares to five independent shareholders of 1267818 B.C. Ltd. (representing approximately 37.32% of the Valorem's issued and outstanding shares). Pursuant to the agreement, the Valorem will acquire the BC Property by way of a three-cornered amalgamation, whereby the Valorem will acquire 100% of the issued and outstanding shares of 1267818 B.C. Ltd. and will assume all of its assets, namely the entire BC Property.
Valorem Resources Inc. (CNSX:VALU) completed the acquisition of British Columbia gold project in the Cariboo District (BC Property) on February 12, 2021. Announcement • Jan 22
VALOREM RESOURCES Announces Exploration Program for Wings Shear Project VALOREM RESOURCES INC. announced that it has planned a systematic exploration program to maximize the utilization of existing exploration-trench and other data for the Wings Shear project (the “Property”). This, coupled with new work, will enable Valorem to fill in gaps and quickly evaluate anomalies and structures to generate drill targets. The Company will use a combination of soil sampling and magnetic/VLF-EM geophysical surveys, on detailed grids over known anomalous areas and along gold-bearing structures. Collection of up to 5,000 soil samples over previously untested zones, and 90 line km of magnetics/VLF-EM, will be carried out over the 1 km long gold-bearing structural zone located on the Wings Shear Trend. The results of the surveys, along with geological mapping, will be used to plan for the first-phase drill program, which is currently scheduled to begin in the late summer/early fall of 2021. Announcement • Jan 20
VALOREM RESOURCES INC. Announces Black Dog Lake Geography Program VALOREM RESOURCES INC. announced that a geophysics program is planned for its Black Dog banded iron formation gold exploration property in the Eastmain River-James Bay region of Quebec, Canada. A high-definition ground Magnetometer and Induced Polarization (IP) survey will cover the previously drilled Black Dog target which has returned gold geochemical anomalies, and multiple gold intercepts in diamond drilling in previous campaigns. The Black Dog Lake metallic gold showing was discovered in bedded banded iron formation by surface sampling in 1988, and subsequent multiple hole programs which yielded several prospective gold mineralization intervals. Among these were 15.2 g/t gold over 0.6m; 5.2g/t gold over 11m; and 4.32g/t gold over 0.88 m. The Black Dog east extension had a 14 hole diamond drill program which produced these interesting returns, 1.13g/t gold over 1.24 m. and 1.19g/t gold over 0.75 m. The previous intersections reflect gold in sulphide rich portions of bedded banded iron formation, a style of mineralization that is manifested in many prominent gold deposits such as Musselwhite, Lupin, Cullaton Lake and Meliadine in Canada and the Homestake deposit of South Dakota, USA. The exploration potential in such Archean iron formations can reach several tens of millions of ounces of gold. The reader is cautioned that the exploration target is conceptual in nature and that there are no known reserves or resources on the subject property, and if discovered there can be no assurance that any such discoveries may be economically produced. The iron formations are extensive on the Black Dog property, returning widespread gold geochemical anomalies, gold in outcrops at the initial prospect, and multiple drill hole gold intersections. The renewed geophysical exploration will assess the potential for and design of additional testing of the prospective banded iron formation underlying much of the 1,003 hectare claim block. The property is accessed from the Quebec highway and all- season road system. Potential power sources are close, and terrain is quite flat and low elevation allowing for efficient exploration and if warranted development. Announcement • Dec 19
Valorem Resources Inc. (CNSX:VALU) entered into a non binding letter of agreement to acquire Wing Shear Zone property located in central Newfoundland, Canada for CAD 3.7 million. Valorem Resources Inc. (CNSX:VALU) entered into a non binding letter of agreement to acquire Wing Shear Zone property located in central Newfoundland, Canada for CAD 3.7 million on December 17, 2020. The term of the LOI call for cash payments of CAD 0.05 million on signing, CAD 3 million work commitments over 3 years and the issuance of 4.5 million shares of Valorem Resources Inc. over a period of two years, plus a 10% finder’s fee. The Property is subject to a 2% royalty (NSR) with an option to buy back 1.5% for CAD 1 million. Valorem Resources Inc. is arranging a non-brokered private placement of securities. Announcement • Dec 18
Valorem Resources Inc. announced that it expects to receive CAD 2 million in funding Valorem Resources Inc. (CNSX:VALU) announced a non-brokered private placement of up to 18,181,818 units at a price of CAD 0.11 per unit to raise gross proceeds of up to CAD 2,000,000 on December 17, 2020. Each unit consists of one common share of the company and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of CAD 0.135 for term of 1 year following closing. The transaction is subject to regulatory approval. The securities to be issued are subject to a four-month hold period. The company may pay finder's fee in the transaction. Announcement • Dec 17
Valorem Resources Inc. Completes Technical Report for the Black Dog Lake Property, Quebec Valorem Resources Inc. announced that it has completed a Technical Report, in accordance with National Instrument 43-101, for the Black Dog Lake Property, Quebec. The Technical Report was prepared by Darren L. Smith, M.Sc., P.Geo., of Dahrouge Geological Consulting Ltd., and titled "Technical Report on the Black Dog Lake Property, Quebec, Canada", effective date December 8, 2020. The Company has an exclusive option to acquire an undivided 100% interest in the Black Dog Lake Property over a three-year period. The Black Dog Lake Property is an early stage exploration project, which has been the subject of several exploration campaigns by multiple companies since the 1970s. Appreciable gold mineralization has been confirmed to be present on the Property within a sulphide-facies banded iron formation (the "Black Dog Zone") and represents the primary exploration target on the Property. In addition, a series of east-west trending conductors, IP anomalies, and magnetic trends are prevalent across the southern half of the Property and parallel the northern contact of the Mistumis Batholith. Collectively, these features demonstrate additional exploration potential on the Property. A total of five (5) target areas have been identified on the Property, highlighted by the Black Dog Zone. The mineralization at the Black Dog Zone has a current interpreted extent of least 600 m in length and extends at least 100 m down dip, is steeply dipping, and has an apparent thickness of 0.6 to 3.6 m. The zone remains open along strike and at depth and has been tested at wide drill spacings. The grades of drill core intercepts include; 15.2 g/t Au over 0.6 m (in LH-88-01); 5.6 g/t Au over 1.1 m (in LH-88-02); and 4.3 g/t Au over 0.88 m (in LH-88-03), and indicate a fertile environment for mineralization, and therefore, potential to extend to other areas of the Property. The zone is coincident with local EM conductors, magnetic trends, and anomalous gold in surface samples, which collectively indicate additional strike potential is present. The Company intends to carry-out the recommended exploration work on the Property, which includes a Phase I program of prospecting, trenching, mapping, and potentially ground geophysics, followed by a Phase II program focused on diamond drilling. Is New 90 Day High Low • Dec 11
New 90-day high: CA$0.21 The company is up 110% from its price of CA$0.10 on 11 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 10.0% over the same period. Announcement • Aug 13
JDF Explorations Inc. announced that it expects to receive CAD 0.25 million in funding JDF Explorations Inc. (CNSX:JDF) announced a non-brokered private placement of up to 2,500,000 shares at a price of CAD 0.10 per share to raise gross proceeds of up to CAD 250,000 on August 12, 2020. The transaction is subject to regulatory approval and all securities to be issued pursuant to the transaction are subject to a hold period of four-month hold period. A finder's fee may be paid if applicable with respect to the transaction. 
