New Risk • Apr 16
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 Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$383k). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.50m market cap, or US$1.83m). New Risk • Feb 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$383k). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.09m market cap, or US$5.19m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Dec 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% 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 (31% average weekly change). Negative equity (-CA$383k). Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.82m market cap, or US$4.17m). Announcement • Oct 24
Clarity Metals Corp. announced that it expects to receive CAD 1.725 million in funding Clarity Metals Corp. has arranged anon-brokered private placement for aggregate gross proceeds of up to CAD 1,725,000 on October 23, 2025. Up to 5,000,000 non-flow-through (NFT) units in the capital of the company at a price of CAD 0.075 per unit for gross proceeds of up to CAD 375,000 from the sale of the units and 15,000,000 flow-through (FT) units in the capital of the company at a price of CAD 0.09 per FT unit for gross proceeds of up to CAD 1,350,000 from the sale of the FT units. Each unit will consist of one common share of the company and one-half of one transferable share purchase warrant. Each warrant entitles the holder to purchase an additional share of the company at an exercise price of CAD 0.12 per warrants hare for a period of three years from the date of closing of the offering. Each FT unit will consist of one critical flow-through common share of the company and one-half of one warrant. Each warrant entitles the holder to purchase an additional warrant share at an exercise price of CAD 0.12 per warrant share for a period of three years from the date of closing of the offering. The closing of the offering is subject to receipt of all necessary regulatory approvals, including the Canadian Securities Exchange. Finders' fees will be payable in accordance with applicable securities laws and the policies of the CSE. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. New Risk • Sep 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor 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 (39% average weekly change). Negative equity (-CA$634k). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.27m market cap, or US$3.79m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Aug 23
Clarity Metals Corp. announced that it expects to receive CAD 0.45 million in funding Clarity Metals Corp. announces a non-brokered private placement to issue 15,000,000 units at a price of CAD 0.03 per unit for gross proceeds of CAD 450,000 on August 22, 2025. Each Unit will consist of one common share of the Company and one Share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Share at a price of CAD 0.05 per Warrant Share for a period of two years following the closing date. All securities issued under the Private Placement will be subject to a statutory hold period of four months and one day from the closing date. The Private Placement may close in one or more tranches. Announcement • Jul 22
Clarity Metals Corp., Annual General Meeting, Sep 19, 2025 Clarity Metals Corp., Annual General Meeting, Sep 19, 2025. Location: cozen o connor llp, bentall 5, 550 burrard street, suite 2501, british columbia, v6c 2b5, vancouver Canada New Risk • Apr 17
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$493k 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$138k free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$493k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.67m market cap, or US$1.21m). Announcement • Oct 08
Clarity Metals Provides Update on Fecteau Gold Project Clarity Metals Corp. provided an update on its 100% owned Fecteau Gold Project located in the Province of Quebec (the "Fecteau Property" or "Property"). Enthusiasm remains high to continue to explore in the Abitibi region located in western Quebec, Canada. The Fecteau Property is in the Urban-Barry belt, in the east-central portion of the Abitibi sub-province adjacent to Osisko Mining Inc.'s ("Osisko") Windfall Gold Project which contains 3.2 million ounces of gold probable reserves (12,183 Mt @ 8.04 g/t Au), 4.0 million ounces of gold measured and indicated resources (11,061 Mt @ 11.4 g/t Au) and 3.3 million ounces of gold inferred resources (12,287 Mt @ 8.4 g/t Au). Osisko recently announced that it has entered into a definitive agreement in which Gold Fields Limited has agreed to acquire all of the issued and outstanding common shares of Osisko in an all-cash transaction valued at approximately $2.16 billion on a fully diluted basis which is approximately a 55% premium to Osisko's 20 day volume weighted average share price leading up to the announcement of the transaction. The Abitibi sub-prov province is the largest greenstone belt, with the one of the largest gold endowments, in the world. It stretches across Ontario and Quebec, spanning 700 km southeast to northwest and 350 km north to south. It has produced more than 200 million ounces with continuous operations in the belt since 1901. Combining production to date and known reserves are greater than 300 million ounces.6 There has been continuous mining in the Abitibi for approaching 125 years. With over 80 base metals mines and over 50 gold deposits, there are still new discoveries occurring as exploration continues, with development on deposits to the west of the Fecteau Property such as Bonterra Resources Inc.'s ("Bonterra Resources") Gladiator Project and Osisko's Windfall Lake Project. Osisko's WindfallLake Project (12.1MT @ 8.06 g/t Probable Mineral Reserves) and Bonterra Resources' Gladiator Project (7.4MT @ 5.21 g/t Measured and Indicated Resources) both of which are roughly 30 km to the west and in similarly aged volcanic rocks. To date, the Property has eleven mineral showings identified, including: Lac Fecteau Est: 2.42g/t Au over 2.65m, 1.82 g/t Au over 4.9m in drill core; Buteux-Marceau: Anomalous grab samples, including 4.11 g/t Au and intersected 1.67 g/t over 0.35m from 59.95m; Lac Pistolet: Anomalous grab samples., including 1.08 g/t Au and 1.91% Cu; Desgagne: Anomalous samples, including 1.00 g/t Au trench sample over massive sulphide; Lac Fecteau Nord: 1.71 g/t Au over 1.5m in drill core; Lac Fecteau Porphyre: Anomalous grab samples. The Company believes that Fecteau Property has shown potential from historic work on the Property and Clarity's last drill campaign intersected some solid results, including high-grade mineralization in FEC-22-05, which intersected 14.91 g/t Au from 149.4 to 150.4 and 5.98 g/t Au in FEC-22-13 over 0.6m from 168.8m in the Fecteau East showing9. With only $1.4M spent to date on exploration at the Fecteau Property, Clarity believes it has only started to date on exploration at theFecteau Property, Clity believes it has only started to test the potential of this system and build a geologic model for the belt. Work to date has identified 11 showings, all of which the Company believes merit further evaluation and that they have potential to expand. Work to date has identified11 showings, all of which The Company believes merit further evaluation and the Company believes merit further evaluation. Clarity's intended next steps to expand. Clarity's intended next step is not only started to date has identified 11 showing further evaluation and that they have identified 11. Announcement • Jul 22
Clarity Metals Corp., Annual General Meeting, Sep 19, 2024 Clarity Metals Corp., Annual General Meeting, Sep 19, 2024. Location: clark wilson llp, 900 885 west georgia street, british columbia, vancouver Canada Announcement • Dec 09
Clarity Metals Corp. Provides Updates on Fecteau Gold Project Clarity Metals Corp. provided an update on its 100% owned 5,979 hectare Fecteau Gold Project located in the Province of Quebec. Highlights of the Fecteau Project: 5,833 m of diamond drilling by Clarity in 2022 bringing total drilling to date on the property to 11,943m: Highlight results include the highest ever gold intercepts on the property: FEC-22-05 from 149.4 m 14.91 g/t Au over 1.0 m; FEC-22-13 from 168.8 m 5.98 g/t Au over 0.6 m. Confirmaon of VMS targets; Confirmaon of mineralizaon in mulple favourable structures. Mulple targets remain untested along mineralized structures; 30km east of Osisko Mining's Windfall Lake Project and Bonterra Resources' Gladiator Project; Two of the five new targets generated from ll sampling in 2020 have also been surveyed with an IP array: Targets A, B and D were drill tested; Two of the five new targets remain undrilled. 14 mineral showings including: Lac Fecteau Est: 2.42g/t Au over 2.65m (7575-77-16), 1.82 g/t Au over 4.9m (111036-88- 16) in drill core; Buteux-Marceau: Anomalous grab samples, including 4.11 g/t Au; Lac Pistolet: Anomalous grab samples, including 1.08 g/t Au and 1.91% Cu; Desgagné: Anomalous samples, including 1.00 g/t Au trench sample over massive sulphide; Lac Fecteau Nord: 1.71 g/t Au over 1.5m (7515-77-12) in drill core; Porphyre: Anomalous grab samples, including 7.09 g/t Au. The Fecteau Gold Property is known to host two types of mineralizaon: VMS (Cu-Zn-Au) and mesothermal gold. Both styles of mineralizaon were tested during this program. VMS targets are represented in the field by numerous gossans of semi-massive to massive sulphides located along and near an east-west trending rhyolite-dacite contact observed over 10 km of strike. Past drilling near surface intersected anomalous copper-zinc intervals associated with anomalous gold. Mesothermal gold bearing quartz veins are observed at both ends of the property (western and eastern porons) where the volcanic sequence is folded. East-west striking meter-scale shear veins developed parallel to the axial plan of the folds. The Fecteau Property is located within the Urban-Barry Greenstone Belt and covers rocks of similar age and composion to those hosng the intrusive complex of Osisko Mining's Windfall Lake Deposit. Exploraon Update: At the end of 2022, Clarity drilled a total of 5,833m in 15 holes across 7 targets on the Fecteau Property. These targets included VMS type targets and orogenic gold type targets which were generated from geological, geophysical, geochemical and ll surveys recently completed on the property as well as compilaons of past work. Drilling was carried out with 2 rigs supplied by RJLL Drilling with technical support from GL Geoservices. FEC-22-01 and 02 tested Target 1B (Au and base metals); FEC-22-03, 05, 07, 13, and 15 tested Target 6 (Fecteau East or Soquem gold showing); FEC-22-04 tested Target 1D (Au and base metals); FEC-22-06 tested the Plunge base metals showing; FEC-22-08 and 10 tested Target area 1A (Au and base metals); FEC-22-09 and 11 tested Fecteau Nord or Noranda base metals showing; FEC-22-12 and 14 tested the Porphyre gold showing. The highest grade gold intercepts were in hole FEC-22-05 and FEC-22-13 at the Fecteau East showing. The most prominent structure was encountered in FEC-22-14 which intersected 0.80m of 1.08 g/t Au at the Porphyre showing. Drill holes into the VMS targets successfully intercepted exhalave material containing disseminated to locally massive sulphides and returned anomalous Cu and Zn values in holes FEC-22-04 and FEC-22-09. A total of 1,360 samples were submitted to the lab. The Property has full coverage with triaxial airborne magnec response. Announcement • Jun 10
Clarity Metals Corp. Announces Board Changes Clarity Metals Corp. announced that, effective June 7, 2023, Andrew Male has resigned as a director of the company and it has appointed Ron Schmitz as a director of the company in place of Andrew Male. Ron Schmitz is the principal and president of ASI Accounting Services Inc., since July 1995. Mr. Schmitz has been a director and/or chief financial officer of numerous public companies since 1997 and currently holds those roles with several public companies. Announcement • May 13
Clarity Metals Corp., Annual General Meeting, Jul 10, 2023 Clarity Metals Corp., Annual General Meeting, Jul 10, 2023. Announcement • Jan 28
Clarity Metals Corp Reports Preliminary Results from an Airborne Triaxial Mag Survey Clarity Metals Corp. reported preliminary results from an airborne triaxial mag survey carried out over the area of the Lithium381 Property (the ‘Property’) located in Quebec adjacent to Allkem Limited’s James Bay Lithium Property. The Preliminary results of the mag survey have identified a target coincident with the resistivity anomaly identified from the preliminary Induced Polarization survey The marked improvement in resolution over a previous 2008 survey in the area as well as the regional government provided dataset, show the mag highs corresponding to mapped metavolcanic rocks while the lows correspond to metasedimentary units This contact has proven to be a favourable setting for pegmatite emplacement as evidenced by the location of Allkem’s adjacent James Bay Lithium project. The James Bay Lithium Project hosts an Indicated Resource of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is slated to start construction in First Quarter 2023. This helicopter-borne survey was conducted by Axiom Exploration Group Ltd. (‘Axiom’) with a specially designed GEM Systems GSMP 35A Airborne Potassium Vapor high-resolution magnetometers mounted on a non-magnetic stinger in a triaxial array. The surveyed comprised 160-line km using 75 m line spacing providing a markedly higher-resolution map than the 2008 survey for locating any structural or lithological breaks. Ongoing interpretation and modeling is underway which will strive to put the results to date into a three dimensional context, further refining the drill plan. The Property is located in Northern Quebec, Canada, approximately 3 km from the James Bay Road and the service station at KM381 which provides infrastructure to the local area. The 21 mineral claims comprising the 1107 ha property are contiguous with Allkem Limited’s James Bay Lithium Property hosting a deposit with Indicated resources of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is a lithium bearing pegmatite, which is slated to start construction in First Quarter 2023. The Property has not previously been explored for lithium bearing pegmatites but is underlain primarily by amphibolite facies metasedimentary and minor metavolcanic rocks of the Lower Eastmain Group of the Eastmain Greenstone belt in the northeastern part of the Superior Province; the same host rocks of the adjacent James Bay Lithium Deposit. Quebec has become a favourable jurisdiction for critical mineral exploration investment with its ‘2030 Plan for a Green Economy’ targeting a reduction in carbon emissions as well as its ‘Plan for Development of Critical and Strategic Minerals (2020-2025)’ which includes commitments to share financial risk and plans to improve infrastructure for projects in Northern Quebec. Announcement • Jan 25
Clarity Refines Target on Lithium381 with Results from Remote Sensing Survey Clarity Metals Corp. report preliminary results from a remote sensing survey carried out over the area of the Lithium381 Property located in Quebec adjacent to Allkem Limited’s James Bay Lithium Property. The preliminary results of the remote sensing work have identified a target coincident with the resistivity anomaly identified from the preliminary Induced Polarization survey. The Remote sensing exercise was carried out over the Lithium381 Property area and was interpreted for pegmatites, particularly in comparison to Allkem’s adjacent James Bay Lithium project as a reference signature where lithium bearing pegmatites are shown to be coincident with resistivity highs and similar spectral characteristics. The James Bay Lithium Project hosts an Indicated Resource of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is slated to start construction in First Quarter 2023. The remote sensing survey included the collection and interpretation of synthetic aperture radar data as well as multispectral Sentinel and Aster data to analyze vegetation, structure, alteration and ground movement. When combined with existing geological, geochemical and geophysical data, complex anomalies covering large areas can be quickly and effectively identified. Lineament analysis shows a series of NE trending structures across the area which correspond with ferric oxide anomalies which trend from the Allkem deposit to the Lithium381 resistivity high where an intersecting structure has been interpreted. A filter was applied to the hyperspectral data to focus on the spectra of lithium minerals, which highlighted the trend well, however the anomaly becomes much more subdued as depth of overburden increases and obscures the bedrock influence on the data. The Lithium381 Property The Property is located in Northern Quebec, Canada, approximately 3 km from the James Bay Road and the service station at KM381 which provides infrastructure to the local area. The 21 mineral claims comprising the 1107 ha property are contiguous with Allkem Limited’s James Bay Lithium Property hosting a deposit with Indicated resources of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is a lithium bearing pegmatite, which is slated to start construction in First Quarter 2023. The Property has not previously been explored for lithium bearing pegmatites but is underlain primarily by amphibolite facies metasedimentary and minor metavolcanic rocks of the Lower Eastmain Group of the Eastmain Greenstone belt in the northeastern part of the Superior Province; the same host rocks of the adjacent James Bay Lithium Deposit. Quebec has become a favourable jurisdiction for critical mineral exploration investment with its ‘2030 Plan for a Green Economy’ targeting a reduction in carbon emissions as well as its ‘Plan for Development of Critical and Strategic Minerals (2020-2025)’ which includes commitments to share financial risk and plans to improve infrastructure for projects in Northern Quebec. Announcement • Jan 20
Clarity Metals Corp. Announces Preliminary Results from Magnetometer Survey on Fecteau Project Clarity Metals Corp. announced that it has received preliminary results from an airborne Triaxial Magnetometer survey flown over the Company’s Fecteau Gold Project located in the prolific Abitibi Greenstone belt of Quebec. Clarity will utilize the data from this survey to interpret lithology and geological structures which are known in the Abitibi to have a control on gold mineralization. This data will be combined with results from the other winter exploration efforts including a diamond drilling program and a comprehensive remote sensing program to advance our knowledge of the area further prioritizing current targets as well as generate new targets. The preliminary results of Reduced-to-Pole Total Magnetic Intensity (“RTP-TMI”) along with the exploration targets on the property which were generated by previous operators by means of gold in grain till sampling and targeted IP surveys. The property is known to host two types of mineralization: VMS (Cu-Zn-Au) and mesothermal gold. VMS targets are represented in the field by numerous gossans of semi-massive to massive sulphides located along and near an east-west trending rhyolite-dacite contact observed over 10 km of strike. Past drilling near surface intersected anomalous copper-zinc intervals associated with anomalous gold. Mesothermal gold bearing quartz veins are observed at both ends of the property (western and eastern portions) where the volcanic sequence is folded. East-west striking meter-scale shear veins developed parallel to the axial plane of the folds. This helicopter-borne survey was conducted by Axiom Exploration Group Ltd. with a specially designed GEM Systems GSMP 35A Airborne Potassium Vapor high-resolution magnetometers mounted on a non-magnetic stinger in a triaxial array. The surveyed comprised 768 line km using 75 m line spacing providing a markedly higher-resolution map than the 2008 survey for locating any structural or lithological breaks. Announcement • Jan 18
Clarity Reports Positive Preliminary Results and Identifies Target on Lithium381 Project Clarity Metals Corp. reported preliminary resistivity results from a recently completed IP/Resistivity survey over a portion of the Lithium381 property (the "Property") located in Quebec adjacent to Allkem Limited's James Bay Lithium Property. The Preliminary results have identified a target for follow up that shows as a 1.5 km EW-oriented area of relative high resistivity values. In comparison with Alkem's James Bay Lithium Property a survey completed in 2008, 800 m to the southwest of property, showed resistivity highs to be coincident with lithium bearing pegmatites which host a deposit with an Indicated Resource of 40.8 Mt @1.40% Li(2) O. The James Bay Lithium deposit is slated to start construction in First Quarter 2023. (Source: Allkem Feasibility Study filed by Allkem on SEDAR on January 11, 2022). A direct comparison of resistivity strength between the two surveys is not possible given varied overburden depth and other factors. The IP/Resistivity Survey The IP/resistivity survey over a portion of the Lithium381 Property was performed by TMC Géophysique out of Val d'Or Quebec. The survey was not performed over the entire property as previously reported in the Company's news releases dated December 20 and December 22, 2022. The grid line spacing was set at 100m, with the survey defined in a dipole-dipole configuration and 25 m measurements (n=10). Previous surveys conducted by Lithium One in 2008 (predecessor to Galaxy Lithium) and Allkem (2021) have shown high resistive values which in part correspond to granitic pegmatite dykes and bodies unearthed, which can contain spodumene, and drilled over the years. The last geophysical survey completed by TMC Géophysique in 2021 indicated that the resistivity highs extended for 2.3km east of the Billy Diamond Road (James Bay Road) where spodumene granitic pegmatite dykes have been observed. Clarity and Genius Metals Inc. hope to outline similar resistivity targets to be investigated during subsequent exploration. Preliminary resistivity results on Lithium381 Project and Allkem Limited's 2008 IP Resistivity survey in the area of their open pit. Note the surveys are at different scales. Figure 2. Contour map, apparent resistivity, Lithium One (2008) Figure 3 Location of Lithium381 Project showing nearby properties and total pit outline on Allkem'sJames Bay Lithium Project from the Allkem Feasibility Study. The Lithium381 Property The Property is located in Northern Quebec, Canada, approximately 3 km from the James Bay Road and the service station at KM381 which provides infrastructure to the local area. The 21 mineral claims comprising the 1107 ha property are contiguous with Allkem Limited's James Bay Lithium Property hosting a deposit with Indicated resources of 40.8 Mt @1.40% Li(2) O. The James Bay Lithium deposit is a lithium bearing pegmatite, which is slated to start construction in First Quarter 2023. (Source: Allkem Feasibility Study filed by Allkem on SEDAR on January 11, 2022). The Property has not previously been explored for lithium bearing pegmatites but is underlain primarily by amphibolite facies metasedimentary and minor metavolcanic rocks of the Lower Eastmain Group of the Eastmain Greenstone belt in the northeastern part of the Superior Province; the same host rocks of the adjacent James Bay Lithium Deposit.Quebec has become a favourable jurisdiction for critical mineral exploration investment with its '2030 Plan for a Green Economy' targeting a reduction in carbon emissions as well as its 'Plan for Development of Critical and Strategic Minerals (2020-2025)' which includes commitments to share financial risk and plans to improve infrastructure for projects in Northern Quebec. Clarity recently entered into an option agreement to earn an undivided 50% right, title, ownership and beneficial interest of the Lithium381 Property from Genius Metals Inc., an arm's length public company listed on the TSX Venture Exchange ("TSXV"). Qualified Person Mr. Rory Kutluoglu P. Geo., a member of the advisory board and a consultant of the Company, is a Qualified Person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and has reviewed the technical information in this news release. Announcement • Jan 10
Clarity Metals Corp. Provides Update on Exploration Progress At the Lithium381 Property Located in Quebec Clarity Metals Corp. provided update on exploration progress at the Lithium381 property located in Quebec adjacent to Allkem Limited’s James Bay Lithium Property. To date the Company has initiated and is awaiting results of the exploration efforts: Induced Polarization and Resistivity survey at 100m line spacing and 25m dipole spacing. Remote sensing survey including the acquisition, processing, analysis, and interpretation of Synthetic Aperture Radar and Sentinel & Aster Multispectral data. 160 line kilometer triaxial magnetometer survey at 75m line spacing. Initiation of follow up exploration including permitting preparation. Upon receipt of the results of this work the Company will be able to interpret the results identifying targets for follow up drilling and investigation. Announcement • Dec 31
Clarity Metals Corp. Initiates Remote Sensing Survey on the Lithium381 Property Clarity Metals Corp. announce that it has contracted Axiom Exploration Group Ltd. (“Axiom”) to carry out a remote sensing program over the Lithium381 property. The remote sensing work includes the acquisition, processing, analysis, and interpretation of Synthetic Aperture Radar ("SAR") and Sentinel & Aster Multispectral data. By combining modern remote sensing techniques using multispectral imaging and synthetic aperture radar to analyze vegetation, structure, alteration, and ground movement, complex anomalies covering large areas can be quickly and effectively identified. This is a multivariate exploration approach, combining existing geological, geochemical, and geophysical data with multiple satellite analyses, to identify new potential mineral targets. The Property is located in Northern Quebec, Canada, approximately 3 km from the James Bay Road and the service station at KM381 which provides infrastructure to the local area. The 21 mineral claims comprising the 1107 ha property are contiguous with Allkem Limited’s James Bay Lithium Property hosting a deposit with Indicated resources of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is a lithium bearing pegmatite, which is slated to start construction in First Quarter 2023. (Source: Allkem Feasibility Study filed by Allkem on SEDAR on January 11, 2022). The Property has not previously been explored for lithium bearing pegmatites but is underlain primarily by amphibolite facies metasedimentary and minor metavolcanic rocks of the Lower Eastmain Group of the Eastmain Greenstone belt in the northeastern part of the Superior Province; the same host rocks of the adjacent James Bay Lithium Deposit. Quebec has become a favourable jurisdiction for critical mineral exploration investment with its ‘2030 Plan for a Green Economy’ targeting a reduction in carbon emissions as well as its ‘Plan for Development of Critical and Strategic Minerals (2020-2025)’ which includes commitments to share financial risk and plans to improve infrastructure for projects in Northern Quebec. Announcement • Dec 30
Clarity Metals Corp. announced that it has received CAD 1 million in funding On December 29, 2022, Clarity Metals Corp. closed the transaction. The company has issued 10,000,000 for gross proceeds of CAD 1,000,000. The company paid cash finders' fee of CAD 5,100 in the transaction and issued 51,000 broker warrants. The transaction included participation from insider of the company for 200,000 units. The securities issued under the transaction, and the shares that may be issuable on exercise of the warrants, are subject to a statutory hold period expiring on April 29, 2023. Announcement • Dec 21
Clarity Metals Corp. Initiates Work Program on the Lithium381 Project Clarity Metals Corp. announced that exploration efforts are underway at the Lithium381 Property located in the James Bay region of Quebec and adjacent to Allkem Limited’s feasibility stage James Bay Lithium Project. Data is currently being collected from an Induced Polarization and Resistivity survey. The Property is located in Northern Quebec, Canada, approximately 3 km from the James Bay Road and the service station at KM381 which provides infrastructure to the local area. The 21 mineral claims comprising the 1107 ha property are contiguous with Allkem Limited’s James Bay Lithium Property hosting a deposit with Indicated resources of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is a lithium bearing pegmatite, which is slated to start construction in First Quarter 2023. The Property has not previously been explored for lithium bearing pegmatites but is underlain primarily by amphibolite facies metasedimentary and minor metavolcanic rocks of the Lower Eastmain Group of the Eastmain Greenstone belt in the northeastern part of the Superior Province; the same host rocks of the adjacent James Bay Lithium Deposit. Quebec has become a favourable jurisdiction for critical mineral exploration investment with its ‘2030 Plan for a Green Economy’ targeting a reduction in carbon emissions as well as its ‘Plan for Development of Critical and Strategic Minerals (2020-2025)’ which includes commitments to share financial risk and plans to improve infrastructure for projects in Northern Quebec. Announcement • Dec 08
Clarity Gold Corp. announced that it expects to receive CAD 1 million in funding Clarity Gold Corp. announced a non-brokered private placement of up to 10,000,000 non-flow-through units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,000,000 on December 7, 2022. Each unit consists of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share at a price of CAD 0.12 per warrant share for a period of 36 months following issuance. The warrants are subject to an acceleration provision in the event the shares have a closing price on the exchange or such other exchange on which the shares may be traded at such time of CAD 0.50 or greater per share for a period of ten consecutive trading days at any time from the date of issuance, the company may accelerate the expiry date of the warrants by giving notice to the holders thereof and, in such case, the warrants will expire on the thirtieth day after the date of such notice. All securities issued in connection with the transaction will be subject to a statutory hold period expiring four months and one day after the date of issuance. The transaction is subject to approval by the board of directors, receipt of all necessary third party and regulatory approvals inclusive of approval from the Canadian Securities Exchange or the TSX Venture Exchange. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Independent Director Andrew Male is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 26
Clarity Gold Corp. (CNSX:CLAR) acquired Harp Lake Nickel Property. Clarity Gold Corp. (CNSX:CLAR) acquired Harp Lake Nickel Property on August 23, 2022. Clarity gold also acquired the Eddies Cove MVT Property, and Hare Bay Nickel Property in a similar transaction. Pursuant to the terms of the Purchase Agreement, Clarity acquired the Properties for aggregate cash consideration of CAD 15,000 and the issuance of 4,000,000 common shares in the capital of the Company at a deemed price of CAD 0.10 per Share.
Clarity Gold Corp. (CNSX:CLAR) completed the acquisition of Harp Lake Nickel Property on August 23, 2022. Announcement • May 14
Clarity Gold Corp., Annual General Meeting, Jun 30, 2022 Clarity Gold Corp., Annual General Meeting, Jun 30, 2022. Board Change • Apr 27
Less than half of directors are independent There are 8 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: 8 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Andrew Male is the most experienced director on the board, commencing their role in 2019. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jan 13
Clarity Gold Corp. Provides Update on Option Agreement for Destiny Project Clarity Gold Corp. announced that, after careful consideration of the exploration program conducted and results received to date, the company has decided not to continue with the exploration program and has provided cancellation notice pursuant to the option agreement with Big Ridge Gold Corp. (Big Ridge) dated November 27, 2020 for the Destiny Project. Under the terms of the Option Agreement, Clarity would be required to make a cash payment to Big Ridge of $750,000 and issue to Big Ridge common shares in the capital of the Company having a value equivalent to $1,000,000. The Company sought an extension to the Option Agreement terms thereby allowing Clarity to receive and evaluate additional exploration results, however Big Ridge refused to provide such an extension. Clarity will still own the 2 private lots which cover approximately 82Ha of the Destiny Project. The Company is still awaiting results from its 2021 exploration program on its Empirical Project and will provide an update when results are received and processed. Announcement • Dec 03
Clarity Gold Corp. Announces the Third Tranche of Analytical Results from the 10,800 Meter Diamond Drill Program At the Destiny Project in the Abitibi Greenstone Belt Clarity Gold Corp. announced the third tranche of analytical results from the approximately 10,800 meter diamond drill program at the Destiny Project in the Abitibi Greenstone Belt. Selected Intercepts DAC Zone: DES21-164: 0.76 g/t Au over 36.65 m and 0.44 g/t Au over 55.9 m; DES21-169: 0.42 g/t Au over 43 m and 1.04 g/t Au over 14.45 m; DES21-170: 1.22 g/t Au over 30 m including 8.85 g/t Au over 2.55 m and 39.29 g/t Au over 0.5 m; and DES21-171: 1.34 g/t Au over 14.25 m and 0.78 g/t Au over 37.25 m. Selected Intercepts Gap Zone: DES21-165: 0.32 g/t Au over 25.5 m and 0.34 g/t Au over 24 m; and DES21-167: 1.32 g/t Au over 9.6 m including 5.05 g/t Au over 1.6 m. The results in this press release are from holes completed on the central portion of the DAC Zone and Gap Zone that were designed to infill and confirm the mineralized structure and anticipated mineralization identified in historic drilling. The results of this drilling will play an important role in understanding the distribution of mineralization. Drill core is transported to a facility in Val d’Or where it is logged, photographed, and sampled. Once logging is complete, samples of half core are sawed, prepared and securely shipped to Bureau Veritas Laboratories in Timmins for processing and analysis, an independent, ISO 17025 certified facility. Samples were crushed to 70% passing 2mm and a 250g subsample was pulverized to 85% passing 75µm. The subsample was analyzed by a combination of fire assay with atomic absorption finish for gold and aqua regia digestion with an ICP-ES finish for a suite of 33 elements. Samples containing visible gold or which returned over 2.0 g/t Au were analyzed by metallic screen fire assay. The Company has established a QA/QC program consisting of inserting quality control (QC) samples at regular intervals in the sample stream, including blanks, duplicates, and reference materials. Executive Departure • Oct 10
CFO & Corporate Secretary Peter Nguyen has left the company During their tenure, earnings grew by 866% annually compared to the industry average of 106%. On the 1st of October, Peter Nguyen left the company after 1.7 years in the role. We don't have any record of a personal shareholding under Peter's name. Peter is the only executive to leave the company over the last 12 months. Announcement • Sep 16
Clarity Gold Corp. Announce Results from the Deepest Hole to Date on the Destiny Project Clarity Gold Corp. announce results from the deepest hole to date on the Destiny project, one of 27 holes of the recently completed 10,826 m diamond drilling program at the Destiny Project in the Abitibi Greenstone Belt. The results are from one hole completed on the central portion of the DAC Zone that was designed to confirm the mineralized structure at depth. The results of this drilling will play an important role in the continued exploration of the Destiny Project. To date, the Company has released 8 holes comprising approximately 3597 m of 10,826 m from 27 recently completed holes. The Company looks forward to updating further as additional results are received and as the company continue to interpret these results as the company evaluate bulk tonnage and high-grade models for the Destiny Project. With the exception of DES21-158, which was abandoned and restarted as DES21-159, all drilling on the project, so far in 2021, has intercepted anomalous gold and confirmed the presence of the quartz carbonate altered and mineralized shear zone. Gold occurs as free gold and in association with pyrite and chalcopyrite as observed in thin section and in drill core. The drillholes in this program concentrated on infilling historic drilling in the DAC and GAP Zones, and confirmation of historic drilling which identified mineralization in these areas. Announcement • Sep 15
Clarity Gold Corp. Mobilizes Crew to Carry Out Exploration Program at Empirical Project Located in Southern British Columbia Clarity Gold Corp. announced a crew has been mobilized to carry out an exploration program at the company’s Empirical Project located in southern British Columbia. The company has mobilized a crew to the Empirical project to conduct additional grassroots exploration work, focusing on historic areas of known alteration and mineralization to satisfy work requirements for claims renewals and the original option agreement to earn 100% of the Empirical Project. 2021 program will be an approximately 10-day field program comprised of mapping, prospecting and channel sampling. The company’s gold-copper-molybdenum porphyry project, the Empirical Project, is located 12 km south of Lillooet, British Columbia, and covers 10,518 ha. The Empirical Project is situated in the Cordilleran Continental Arc which hosts 26 significant porphyry deposits, including Imperial Metal Corporation’s historic Huckleberry Mine and Noranda’s historic Babine Porphyry camp. Between 1981 to 1986, six out of fifteen diamond drill holes intersected gold mineralization, including hole DD81-4 which assayed 3.67 g/t gold over 21 m from 36m. Previous exploration focused on molybdenite without an understanding or aim of targeting a larger porphyry system. There are multiple copper showings in the Southeast portion of the project, including the Rickhill Showing where six surface rock samples collected in 1959 averaged 0.95% copper over 12.9 meters (Minfile 092INW022). Elevated copper in soil samples indicate that this zone of copper mineralization may be extended up to a total of 30 m (Skerl, 1959). In 1970, 538 soils were collected with copper intensities ranging between 6 ppm to 212 ppm (assessment report 02530). Historic work in the Southwest identified two molybdenum showings namely, the Molybdenite Lake and Fyp showings where historic samples taken from quartz veins have assayed up to 0.32% molybdenum and 0.35 g/t gold (Nelson, J. (1985-10-01): B.C. Gold Reconnaissance 1985 - Lillooet Project - Final Report; Assessment Report 30875; Minfile 092ISW109, 092ISW110). Previous work has focused on the area’s molybdenum potential, with minimal exploration for gold and only coincidental evaluation of the copper potential. The QP has not verified the results of the historic exploration and sampling on the new claims added to the Empirical Project’s property package, additional sampling will be required to verify the data. The company also anticipates additional results from their continued exploration efforts on the flagship Destiny Project. The company recently completed a 10,826 m drill campaign, with samples currently being processed by Bureau Veritas and are anticipated shortly. Option to acquire 100% ownership. Located in the historic, mineral rich Abitibi Greenstone Belt. Gold mineralization occurs in high-grade quartz veins within shear zones starting at 15 m below surface. Historic Drilling results include: 167 g/t Au over 1 m (from 221.7 m); 6.15 g/t Au over 23.6 m (from 117.2 m); and 19.49 g/t Au over 2.7 m (from 166.0 m). The Historical Estimate at the DAC Zone is open along strike with only coarse drilling denoting high grade intercepts outside of the 2011 Historical Estimate area showing expansion potential along strike from the DAC Zone over approximately 2.5 km to the Darla Zone. Excellent infrastructure – ~75 km NNE of Val d’Or with road access. Drilling on the property to date exceeds 60,000m. The Destiny Project is located in the prolific Abitibi Greenstone Belt where more than 190 million ounces of gold have been produced historically along major structural breaks within the assemblage of Archean-age volcanic, sedimentary and intrusive rocks. The Destiny Project lies along the approximately 400 km long Chicobi Deformation Zone, a major structural break which is largely underexplored in the Abitibi Greenstone Belt. The 5,013 ha project includes the DAC Zone, one of several gold zones along an approximately 6 km long segment of the Despinassy Shear Zone within the Chicobi Deformation Zone. Approximately 2.5 km east along strike of the DAC Zone is the Darla Zone. In between the Darla and DAC is the coarsely drilled GAP zone where 2012 drilling intercepted anomalous gold in all 12 holes which were spaced 100 m apart. The current exploration potential is based on decades of past work on the Destiny Project. Exploration of the Destiny Project dates back to the 1930s. The first concerted diamond drilling campaign was conducted in 1998. Previous work on the property can be summarized as follows: 172 Diamond drill holes comprising approximately 50,400 m. Reconnaissance till sampling from 11 Sonic drill holes. 2,430 MMI geochemical samples. 982 line km of airborne VTEM surveys. 171 line km of ground magnetics surveys. 128 line km of IP. Announcement • Jun 17
Clarity Gold Reports High Grade Gold Intercepts Including 2.10 m of 18.64 gpt Au Clarity Gold Corp. announce the first analytical results from approximately 2,600 m of the ongoing 10,000 m diamond drill program at the Destiny Project in the Abitibi Greenstone Belt. The results in this press release are from holes completed on the western portion of the DAC Zone that were designed to infill and confirm the mineralized structure and anticipated mineralization identified in historic drilling. The results of this drilling will play an important role in understanding the distribution of mineralization. With the exception of DES21-158 which was abandoned and restarted as DES21-159, all drilling on the project, so far in 2021, has intercepted anomalous gold and confirmed the presence of the quartz carbonate altered and mineralized shear zone. Gold occurs as free gold and in association with pyrite and chalcopyrite as observed in thin section and in drill core. The Company looks forward to updating further as additional results are received and as company continue to interpret these results as company evaluate bulk tonnage and high-grade models for the Destiny Project. Drill core is transported to a facility in Val d’Or where it is logged, photographed, and sampled. Once logging is complete, samples of half core are sawed, prepared and securely shipped to Bureau Veritas Laboratories in Timmins for processing and analysis, an independent, ISO 17025 certified facility. Samples were crushed to 70% passing 2mm and a 250g subsample was pulverized to 85% passing 75µm. The subsample was analyzed by a combination of fire assay with atomic absorption finish for gold and aqua regia digestion with an ICP-ES finish for a suite of 33 elements. Samples containing visible gold or which returned over 2.0 g/t Au were analyzed by metallic screen fire assay. The Company has established a QA/QC program consisting of inserting quality control (QC) samples at regular intervals in the sample stream, including blanks, duplicates, and reference materials. Announcement • May 29
Clarity Gold Corp. Provides Update on Drill Program Clarity Gold Corp. reported that the ongoing 2021 diamond drill program at the Destiny Project in the Abitibi in Quebec is over halfway complete for the initially planned 10,000 m program. Highlights Drilling is progressing, ~5,750 metres have been completed to date. Currently drilling the deepest hole on the Destiny Project at the DAC Zone, 950m target depth. Infill drilling will continue in the DAC Zone where two private lots were recently acquired. About the Destiny Project The Destiny Project is located in the prolific Abitibi Greenstone Belt where more than 190 million ounces of gold have been produced historically along major structural breaks within the assemblage of Archean-age volcanic, sedimentary and intrusive rocks. The Destiny Project lies along the approximately 400 km long Chicobi Deformation Zone, a major structural break which is largely underexplored in the Abitibi Greenstone Belt. Option to acquire 100% ownership. Located in the historic, mineral rich Abitibi Greenstone Belt. Gold mineralization occurs in high-grade quartz veins within shear zones starting at 15 m below surface. Drilling results include: 167 g/t Au over 1 m (from 221.7 m); 6.15 g/t Au over 23.6 m (from 117.2 m). 19.49 g/t Au over 2.7 m (from 166.0 m). The Historical Estimate at the DAC Zone is open along strike with only coarse drilling denoting high grade intercepts outside of the 2011 Historical Estimate area showing expansion potential along strike from the DAC Zone over approximately 2.5 km to the Darla Zone. Excellent infrastructure – ~75 km NNE of Val d’Or with road access. Considerable work done historically including over 50,000 m of diamond drilling. The 5,013 ha project includes the DAC Zone, one of several gold zones along an approximately 6 km long segment of the Despinassy Shear Zone within the Chicobi Deformation Zone. Approximately 2.5 km east along strike of the DAC Zone is the Darla Zone. In between the Darla and DAC is the coarsely drilled GAP zone where 2012 drilling intercepted anomalous gold in all 12 holes which were spaced 100 m apart. The current exploration potential is based on decades of past work on the Destiny Project. Exploration of the Destiny Project dates back to the 1930s. The first concerted diamond drilling campaign commenced in 1998. Previous work on the property can be summarized as follows: 172 Diamond drill holes comprising approximately 50,400 m. Reconnaissance till sampling from 11 Sonic drill holes. 2,430 MMI geochemical samples. 982 line km of airborne VTEM surveys. 171 line km of ground magnetics surveys. 128 line km of IP . Announcement • May 12
Clarity Gold Corp. (CNSX:CLAR) acquired Strategic Surface Rights Over the Destiny Project in the Abitibi Region from a local family for CAD 0.25 million. Clarity Gold Corp. (CNSX:CLAR) acquired Strategic Surface Rights Over the Destiny Project in the Abitibi Region from a local family for CAD 0.25 million on May 11, 2021. The total purchase price of CAD 0.25 million for two lots, at CAD 0.125 million per lot involves a cash payment of CAD 0.025 million per lot at closing, with the remaining balance of CAD 0.1 million per lot payable in 4 equal consecutive installments of CAD 0.025 million every quarter following the closing. The previously mentioned total area is net of an approximately 1.86 hectare portion of one of the lots that will be subdivided and transferred to the vendors. Clarity will have a right of access servitude through this subdivision.
Clarity Gold Corp. (CNSX:CLAR) completed the acquisition of Strategic Surface Rights Over the Destiny Project in the Abitibi Region from a local family on May 11, 2021. Announcement • Mar 17
Clarity Gold Appoints Legal Specialist Mr. Olen Aasen as Advisor Clarity Gold Corp. appoint Mr. Olen Aasen to its Advisory Board. Mr. Aasen is an executive and corporate and securities lawyer with more than 14 years of experience in corporate, securities, mining and regulatory matters bringing a range of legal experience to Clarity’s team. Mr. Aasen has been the Corporate Secretary, General Counsel or Vice President, Legal at various Canadian and U.S.-listed companies including TSX-listed Excelsior Mining Corp. Mr. Aasen has significant experience in working with mining companies through the development cycle and has advised on the successful completion of environmental assessments and permitting processes in Canada and the United States. In the past ten years Mr. Aasen has advised on over $800 million in debt and equity financings and structured project finance packages as well as advised on numerous critical project level agreements including rail transportation, power supply, port services, offtake, royalty, stream and Aboriginal impact benefits agreements. Mr. Aasen did his undergraduate studies in the Finance Department of the Sauder School of Business, obtained a J.D. from the University of British Columbia in 2006 and was called to the British Columbia Bar in 2007. Mr. Aasen was also appointed to the 2016 Legal 500 GC Powerlist for Canada. Announcement • Mar 11
Clarity Gold Corp. Mobilizes Drill to Commence Exploration Program at the Destiny Project in the Abitibi Belt Clarity Gold Corp. announced that Forage Val d’Or has begun mobilization of a diamond drill to the Destiny Project, 75 km north of Val d’Or, Quebec. Currently, trail and pad clearing are underway, and crews are establishing core processing facilities in Val d’Or. The first drilling is designed to confirm historic drilling results and provide continuous assays across the mineralized zone where previous drilling only sampled specific intervals. From there, the drilling is planned to infill, test, and extend mineralization to depth in the DAC Zone and along the Gap and Darla Zones. The Company will be completing an initial 10,000 m of drilling on the Destiny project and has secured the drilling contractor to complete this work. Depending on weather and ground conditions, the drilling program may be completed in phases to reduce costs of drilling through the spring thaw. The 5,013 ha Destiny Project is located in the prolific Abitibi Greenstone Belt where more than 180 million ounces of gold have been produced historically and lies along a major structural break which is largely underexplored. The project has excellent infrastructure, with road access approximately 75 km NNE of the city of Val d’Or and has considerable work done to date including over 50,000 m of diamond drilling. Announcement • Mar 06
Clarity Gold Corp. announced that it has received CAD 3.800649 million in funding On March 5, 2021, Clarity Gold Corp. (CNSX:CLAR) closed the transaction. The company has issued 2,054,405 common shares for gross proceeds of $3,800,649.25 in the transaction. The Company paid cash finder’s fees of CAD 266,045.45 and issued an aggregate of 143,808 finder’s share purchase warrants to certain finders in connection with the transaction, with each finder’s Warrant entitling the holder to acquire one Share on a non “flow-through” basis at a price of CAD 1.85 per finder’s warrant until March 5, 2022, subject to any additional terms contained in the finder’s warrant certificate. Announcement • Feb 11
Clarity Gold Corp. announced that it expects to receive CAD 2.999999 million in funding Clarity Gold Corp. (CNSX:CLAR) announced a non-brokered private placement of up to 1,621,621 flow-through common shares at an issue price of CAD 1.85 per share for gross proceeds of CAD 3,000,000 on February 10 2021. All securities issued in the transaction will be subject to a statutory hold period expiring four months and one day from the date of closing of the transaction. The company may pay finder’s fees in the transaction in accordance with applicable laws. Is New 90 Day High Low • Feb 04
New 90-day high: CA$1.55 The company is up 23% from its price of CA$1.26 on 05 November 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 8.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: CA$1.40 The company is up 11% from its price of CA$1.26 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 4.0% over the same period. Announcement • Jan 17
Clarity Gold Prepares for 2021 Exploration At Destiny, Compiles Historic Data Showing 25% of Previous Drill Holes Intercepted Visible Gold Clarity Gold Corp. reported on progress from a recent site visit by Clarity personnel as part of 2021 exploration planning, and a summary of ongoing data interpretation and compilation where 25% of the 172 drill holes from previous operators on the whole project area intercepted visible gold, as noted in drill logs of the newly optioned Destiny Project located 75 km northeast of Val d’Or, Quebec within the prolific Abitibi Greenstone Gold Belt. Highlights of the site visit and ongoing data compilation and interpretation: Viewed historic drill core of the project stored in Val d’Or; Collected 24 samples of drill core for geophysical rock property testing; Engaged Abitibi Geophysics to conduct data compilation and robust inversion; Visited the project site to evaluate conditions and access in advance of applying for drill permits; Met with additional potential key contractors, professionals, and suppliers; 65 intercepts within with an average width of 0.71m assayed above 10 gpt Au within 43 holes of the 172-drill hole database; 43 (25%) of 172 drill holes intercepted visible gold; Collected multimedia and video footage to aid in compiling historic data. Since entering into the Option Agreement to acquire the Destiny Project, Clarity Gold’s team has been diligently compiling and interpreting all available data. Of the 172 known diamond drill holes on the entire property, 43 (25%) of them report visible gold in the drill logs. 38 of these holes are within the DAC zone where the 2011 resource is located. The average depth of drilling below surface is approximately 220 m over the project area. The DAC Zone, where the 2011 resource is located, has seen the deepest drilling with an average depth of approximately 275 m below surface and only 3 holes are 600 m or deeper, with the deepest being approximately 710 m below surface which confirmed the presence of the mineralized structure at depth and intercepted anomalous gold. The coarsely drilled Gap zone immediately on strike to the east of the DAC has seen limited drilling with only 4 holes deeper than 200 m to a maximum depth below surface of only approximately 360 m. “The Abitibi is a region where mines operate to depths of greater than 2,000 m. The limited deep drilling and high-grade intercepts encountered on the Destiny project present an excellent case for additional discovery and expansion for Clarity’s flagship project” stated Michel Robert, advisor to Clarity. The drill core is securely stored in a fenced yard within the city of Val d’Or where it is neatly racked or palletized and easily accessible for review. Clarity personnel were able to visit the drill core and twenty-four (24) samples were taken for representative rock properties testing conducted by Abitibi Geophysics. The results of this testing will aid Abitibi and the company in further characterizing the rocks through a comprehensive multi-technique geophysical inversion. This will help us build a better understanding of previous geophysical survey results and continued interpretation and targeting as we advance the understanding of the project. The crew drove on well maintained, surfaced roads from Val d’Or, an epicenter for mining and exploration activity within the Abitibi region, approximately one hour to the project area. The site is easily accessible with a network of drill trails throughout the property area. Additionally, Clarity personnel met with several local contractors and suppliers in support of planning and budgeting for the upcoming 2021 exploration program. Announcement • Dec 04
Clarity Gold Corp. Welcomes Michael Williams to Advisory Board Clarity Gold Corp. welcomed Mr. Michael Williams to its Advisory Board. Michael brings over 24 years of experience as a senior executive within the mining industry and enriches Clarity’s team with his experience in structuring, administrating, raising capital and marketing of Toronto Stock Exchange listed companies. Mr. Williams has held a senior role in several public companies including Underworld Resources Ltd, which was sold to Kinross Gold Corp. for $138,000,000. He has developed an international banking and financing network that includes extensive contacts with both institutional and retail investors. Mr. Williams has raised significant equity capital for advanced exploration and development projects. Mr. Williams is the founder and Executive Chairman of Aftermath Silver and currently serves as a director, President and CEO of Vendetta Mining Corp. Announcement • Dec 01
Clarity Gold Corp. announced that it expects to receive CAD 9.6 million in funding Clarity Gold Corp. (CNSX:CLAR) announced a non-brokered private placement of minimum of 3,125,000 units and a maximum of 10,000,000 units at a price of CAD 0.96 per unit for gross proceeds of a minimum of CAD 3,000,000 and maximum up to CAD 9,600,000 on November 30, 2020. The transaction will include participation from insiders of the company. Each unit consist of one common share and one half of one transferable warrant. Each whole warrant exercisable into one share at a price of CAD 1.25 per share for a period of one year following the closing of the transaction. Finder's fees may be payable in connection with the transaction. All securities issued are subject to a statutory hold period expiring four months and one day after closing of the transaction in accordance with applicable securities legislation. Is New 90 Day High Low • Oct 22
New 90-day high: CA$1.28 The company is up 32% from its price of CA$0.97 on 24 July 2020. The Canadian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day high: CA$1.12 The company is up 261% from its price of CA$0.31 on 03 July 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 9.0% over the same period. Announcement • Sep 15
Clarity Gold Corp. Appoints Former Snc Director Michel Robert to Its Advisory Board Clarity Gold Corp. announced Mr. Michel Robert to its Advisory Board. Mr. Robert brings a wealth of metallurgical, mining engineering, and project generative experience to Clarity's growing team. Mr. Michel Robert (B.A., B.A.Sc. (Hons), M.A.Sc (Hons)) is a metallurgist and mining engineer with over 45 years of diverse technical experience in the mining industry, both identifying assets for acquisition and then putting those mines back into production. In recent years he has focused on identifying and advancing earlier stage mineral properties for eventual sale to public and private companies. Mr. Robert's experience in mining operations with major companies, include Quebec Cartier Mining Ltd., Teck Corp., SNC, Lac Minerals (now Goldcorp), AMEC, Minero Peru, Fluor Daniel and Pan American Silver Corp., where Michel¹s roles have ranged from foreman to President. He has practical experience in operation, commissioning, design, construction, finance and due diligence. Michel previously served for nine years at Teck Corporation as corporate metallurgist, lead engineer and start-up manager. He was also a director of SNC (now SNC Lavalin Group Inc.) and one of three founders of Simons Mining Group (now AMEC Foster Wheeler). Announcement • Aug 06
Clarity Gold Corp. announced that it has received CAD 0.6474 million in funding On July 31, 2020, Clarity Gold Corp. (CNSX:CLAR) closed the transaction. The company issued 2,158,000 units for the gross proceeds of CAD 647,400 in the transaction. The company paid CAD 10,000 as finder fee and issued 79,310 compensation warrants to Leede Jones Gable Inc. Each finder's warrant is exercisable into one share at a price of CAD 0.30 per finder's warrant share for a period of two years following the closing. Announcement • Jul 23
Clarity Gold Corp. announced that it expects to receive CAD 0.75 million in funding Clarity Gold Corp. (CNSX:CLAR) announced a non-brokered private placement of minimum of 833,333 units and a maximum of 2,500,000 units at a price of CAD 0.30 per unit for gross proceeds of a minimum of CAD 250,000 and maximum up to CAD 750,000 on July 22, 2020. Each unit consist of one common share and one half of one share purchase warrant. Each whole warrant exercisable into one share at a price of CAD 0.35 per share for a period of two years following the closing of the transaction. Finder's fees may be payable in connection with the transaction in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. All securities issued are subject to a statutory hold period expiring four months and one day after closing of the transaction. 
