New Risk • Apr 29
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 Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (CA$323k revenue, or US$236k). Market cap is less than US$10m (CA$12.2m market cap, or US$8.96m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Feb 04
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 Revenue is less than US$1m (CA$323k revenue, or US$237k). Market cap is less than US$10m (CA$8.52m market cap, or US$6.25m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Recent Insider Transactions • Feb 02
Director recently bought CA$51k worth of stock On the 27th of January, Jimmy S. Lee bought around 543k shares on-market at roughly CA$0.095 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$71k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 29
Director recently bought CA$51k worth of stock On the 27th of January, Jimmy S. Lee bought around 543k shares on-market at roughly CA$0.095 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$54k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: CA$0.002 (vs CA$0.003 loss in 3Q 2024) Third quarter 2025 results: EPS: CA$0.002 (up from CA$0.003 loss in 3Q 2024). Net income: CA$185.2k (up CA$451.5k from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 27
Second quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0.007 profit in 2Q 2024) Second quarter 2025 results: CA$0.001 loss per share (down from CA$0.007 profit in 2Q 2024). Net loss: CA$43.5k (down 107% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Aug 05
Val-d'Or Mining Corporation, Annual General Meeting, Oct 03, 2025 Val-d'Or Mining Corporation, Annual General Meeting, Oct 03, 2025. Announcement • Jul 15
Jimmy Leer acquired additional 11.28% stake in Val-d'Or Mining Corporation (TSXV:VZZ) for CAD 0.6 million. Jimmy Leer acquired additional 11.28% stake in Val-d'Or Mining Corporation (TSXV:VZZ) for CAD 0.6 million on July 11, 2025. A cash consideration valued at CAD 0.05 per share will be paid by the buyer. Lee acquired 12,000,000 common shares at CAD 0.05 per share, totaling CAD 0.6 million increasing his stake in the company to approximately 13.25%. Additionally, Mr. Lee has an option to purchase another 12,000,000 shares at CAD 0.075 per share, which could further increase his ownership to 24.52% if fully exercised.
Jimmy Leer completed the acquisition of additional 11.28% stake in Val-d'Or Mining Corporation (TSXV:VZZ) on July 11, 2025. Board Change • Jun 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Louis Doyle was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 21
Val-d'Or Mining Corporation announced that it has received CAD 0.7046 million in funding On June 20, 2025. Val-d'Or Mining Corporation has closed the Transaction. It has issued 14,092,000 Units under the Offering at a per Unit price of CAD 0.05 for gross proceeds of CAD 704,600. In connection with the Offering, the Company paid cash finder's fees in the amount of CAD 7,200 and issued 144,000 finder's warrants exercisable at a price of $0.075 until June 20, 2027, to arm's length finders. An administration fee of CAD 6,000 was paid by the Company to one of the subscribers under the Offering. Glenn J. Mullan acquired 4,000,000 units of the offering. Recent Insider Transactions Derivative • May 30
Chairman exercised options to buy CA$217k worth of stock. On the 28th of May, Glenn Mullan exercised options to buy 3m shares at a strike price of around CA$0.06, costing a total of CA$200k. This transaction amounted to 82% of their direct individual holding at the time of the trade. Since June 2024, Glenn has owned 3.90m shares directly. Company insiders have collectively bought CA$214k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • May 29
First quarter 2025 earnings released: CA$0.004 loss per share (vs CA$0.002 loss in 1Q 2024) First quarter 2025 results: CA$0.004 loss per share (further deteriorated from CA$0.002 loss in 1Q 2024). Net loss: CA$326.0k (loss widened 80% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year. Announcement • May 10
Val-d'Or Mining Corporation announced that it expects to receive CAD 1.325 million in funding Val-d'Or Mining Corporation announced a non-brokered private placement offering of up to 26,500,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 1,325,000 on May 9, 2025. Each Unit will consist of one common share in the capital of the company and one non-transferable share purchase warrant entitling the purchase of one common share at a per share price of CAD 0.075 for 24 months from the date of issuance of the securities. The offering is subject to acceptance by the TSX Venture Exchange. All securities issued will be subject to a hold period of four months and one day from the date of closing of the offering in accordance with applicable securities legislation and Exchange policies. Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Louis Doyle was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 29
Third quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0 in 3Q 2023) Third quarter 2024 results: CA$0.003 loss per share (further deteriorated from CA$0 in 3Q 2023). Net loss: CA$266.3k (down CA$284.1k from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 31% per year. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CA$0.007 (vs CA$0.014 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.007 (down from CA$0.014 in 2Q 2023). Net income: CA$584.8k (down 48% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 22% per year. Announcement • Aug 22
Val-d'Or Mining Corporation, Annual General Meeting, Oct 18, 2024 Val-d'Or Mining Corporation, Annual General Meeting, Oct 18, 2024. Reported Earnings • May 30
First quarter 2024 earnings released: CA$0.002 loss per share (vs CA$0.006 loss in 1Q 2023) First quarter 2024 results: CA$0.002 loss per share (improved from CA$0.006 loss in 1Q 2023). Net loss: CA$180.7k (loss narrowed 61% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • May 29
Val-d'Or Mining Corporation announced that it has received CAD 0.43 million in funding On May 28, 2024, Val-d'Or Mining Corporation closed the transaction. The company issued 43 debenture units at an issue price of CAD 10,000 per debenture unit for the gross proceeds of CAD 43,000. Each debenture unit consists of one convertible senior unsecured debenture with a principal amount of CAD 10,000 and 70,000 detachable common share purchase warrants. Each warrant is exercisable for a period of 12 months from the closing of the debenture financing, at an exercise price per warrant of CAD 0.07. Two insiders of the company participated in the debenture financing for aggregate cash consideration to the company of CAD 210,000. The debentures have a term of 12 months expiring on May 28, 2025, subject to early redemption and bear interest at the rate of 6% accrued and compounded annually, which interest will be paid in cash or shares at maturity or redemption. At maturity, the debentures will be converted into fully paid common shares of the company, at a conversion price of CAD 0.06. The debentures, warrants and all securities issuable on the conversion or exercise thereof are subject to a hold period until September 29, 2024, in accordance with applicable securities legislation and policies of the TSX Venture Exchange. Announcement • May 15
Val-d'Or Mining Corporation announced that it expects to receive CAD 0.5 million in funding Val-d'Or Mining Corporation announced a private placement of up to 50 debenture units at a price of CAD 10,000 per unit for the gross proceeds of CAD 500,000 on May 14, 2024. Each unit consists of one convertible senior unsecured debenture with a principal amount of CAD 10,000 and 70,000 detachable common share purchase warrants. Each warrant will be exercisable for a period of 36 months from the closing of the offering, at an exercise price per warrant of CAD 0.07. The debentures will have a term of 36 months from closing of the offering, subject to early redemption and will bear interest at the rate of 6%, accrued and compounded annually, which interest will be paid in cash or shares at maturity or redemption. The debentures and any accrued and unpaid interest will be converted into fully paid common shares of the company, at a conversion price of CAD 0.06 per share. The debentures, warrants and all securities issuable on the conversion or exercise thereof will be subject to a hold period of four months and one day from the date of issuance of the debentures and warrants, in accordance with applicable securities legislation. The offering is subject to the acceptance of the Exchange and receipt of all necessary regulatory approvals. Reported Earnings • Apr 28
Full year 2023 earnings released: CA$0.013 loss per share (vs CA$0.007 loss in FY 2022) Full year 2023 results: CA$0.013 loss per share (further deteriorated from CA$0.007 loss in FY 2022). Net loss: CA$1.08m (loss widened 101% from FY 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: CA$0 (vs CA$0.004 in 3Q 2022) Third quarter 2023 results: EPS: CA$0 (down from CA$0.004 in 3Q 2022). Net income: CA$17.8k (down 94% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Oct 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% 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 Shares are highly illiquid. High level of non-cash earnings (47% accrual ratio). Revenue is less than US$1m (CA$233k revenue, or US$172k). Market cap is less than US$10m (CA$7.63m market cap, or US$5.62m). Minor Risk Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Announcement • Sep 12
Val-D'or Mining Corporation Reconstitutes Audit Committee and Its Compensation and Corporate Governance Committee Val-d'Or Mining Corporation announced the results of its annual general and special meeting of shareholders on September 8, 2023, the Board reconstituted its Audit Committee and its Compensation and Corporate Governance Committee. The Board also appointed officers for the upcoming year as follows: Glenn J. Mullan: Chair, President & Chief Executive Officer, Deborah Honig: Lead Director, Rico De Vega: Chief Financial Officer & Corporate Secretary, Dr. C. Jens Zinke: Chief Operating Officer. Announcement • Jul 08
Val-d'Or Mining Corporation, Annual General Meeting, Sep 08, 2023 Val-d'Or Mining Corporation, Annual General Meeting, Sep 08, 2023. Recent Insider Transactions Derivative • Feb 09
Chairman exercised options to buy CA$75k worth of stock. On the 3rd of February, Glenn Mullan exercised 850.00k options to receive shares at no cost, then sold around 100.00k of them at CA$0.10 each and kept the remainder. Since March 2022, Glenn's direct individual holding has increased from 865.83k shares to 925.83k. Company insiders have collectively bought CA$136k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jul 08
Val-d'Or Mining Corporation Commences Prospecting and Geochemical Survey Program on Two of Its Quebec Abitibi Greenstone Belt Properties Val-d'Or Mining Corporation announce that its 2022 exploration fieldwork season is now underway. The initial ground focus will be on two of the Company's 100%-owned, Québec-based Abitibi Greenstone Belt precious metals (gold-silver) and critical /strategic (copper-zinc) minerals prospects. The objectives of the field-based programs are to follow-up on previous defined induced polarization (IP) anomalies, and/or drilling results, with the objective of delineating new coincidental geochemical targets for follow-up ground fieldwork, including drilling, if warranted. The company allocated a total budget of $84,000 for this program. The two properties are: Pascalis Cu-Zn - Val-d'Or Mining Camp - Copper, Zinc, Silver. Pascalis Ouest - Val-d'Or Mining Camp - Gold; Copper, Zinc, Silver. The recently completed soil sampling program consisted of series of detailed ground geochemical sampling (soil-B-Horizon) survey lines, selected based on sample media constraints according to the local surficial geology. On the Pascalis Cu-Zn prospect, a total of 244 samples were collected over 15 individual sample lines. Previous diamond drilling on the property by Golden Valley Mines and Royalties Ltd. intersected anomalous copper (3020 ppm Cu) and zinc (2010 ppm Zn) over a downhole core intersection of 1.55 metres, hosted in a sericitized zone containing up to 2% disseminated pyrrhotite along the margins of quartz-biotite dike. On the Pascalis Ouest prospect, a total of 87 samples were collected over 7 individual sample lines. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Deborah Honig 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 • Feb 19
Val-d'Or Mining Corporation announced that it expects to receive CAD 1 million in funding Val-d'Or Mining Corporation announced a non-brokered private placement of up to 6,250,000 units at a price of CAD 0.16 per unit for gross proceeds of CAD 1,000,000 on February 18, 2022. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a per share price of CAD 0.20 for 24 months from the date of issuance of the securities. The transaction is subject to acceptance by TSX Venture Exchange. The company may pay finders' fees in the transaction. All securities issued are subject to a hold period of four months and one day from the date of closing. Announcement • Dec 22
Val-d'Or Mining Corporation announced that it has received $0.4 million in funding On December 21, 2021, Val-d'Or Mining Corporation closed the transaction. The company paid a finder's fee of CAD 16,000.01 and issued 222,222 non-transferrable warrants. Each finder's warrant entitles the holder to purchase a common share of the company at a price of CAD 0.18 per share until December 21, 2023. All securities issued under the Offering, including common shares underlying the finder's warrants, are subject to a hold period until April 22, 2022, in accordance with applicable securities legislation and the policies of the TSX Venture Exchange. Announcement • Dec 16
Val-d'Or Mining Corporation announced that it expects to receive $0.4 million in funding Val-d'Or Mining Corporation announced that it will issue up to 1,111,112 National Flow-Through Common Shares and 1,111,112 Québec Flow Through Common Shares at a per FT Share price of $0.18 for gross proceeds of up to $400,000.32 on December 15, 2021. The transaction is subject to acceptance by TSX Venture exchange. The company may finder's fee in the transaction. All securities issued in the transaction will be subject to a hold period of four months and one day from the date of issuance. Board Change • Nov 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Deborah Honig 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 • Aug 25
Val-D'or Mining Corporation Commences Ground-Geophysical Program on the Riviere Lois Prospect Val-d'Or Mining Corporation has commissioned a 12-kilometre Surface InfiniTEM XL (TDEM) survey over the Riviere Lois property. The 100%-owned property is located in the Abitibi Greenstone Belt and is prospective for base-metals (copper, zinc and silver) volcanogenic massive sulphide-hosted deposits. The Company has allocated a total budget of approximately $75,000 for this program, which is scheduled to start during the coming week. The program will include the rehabilitation of the grid, the geophysical survey, and a follow-up data compilation with the preparation of a 3D geological model. The program is intended to follow-up on anomalous copper and zinc values intersected by drilling during a previous program completed by Golden Valley Mines Ltd. The drill hole tested a 3-4 channel MEGATEM II anomaly with an offsetting moderate induced polarization (IP) anomaly. Property Background: The Riviere Lois Prospect is located in northwestern Québec between the villages of Taschereau and Poularies. A number of researchers (Gibson, 1990, Lichtblau, 1989, Mortensen, 1993 & Mueller, 2001) have described the Central Noranda caldera (14.6 Moz gold, 2.2 Mt copper & 1.3 Mt zinc) to the south as being strikingly similar to the HMG complex, which formed over a 6-million-year time span (2703- 2697Ma). It has a comparable stratigraphic thickness, and displays similar volcanic lithofacies and synvolcanic structures. Historically the largest concentration of base-metal mineralization discovered an exploited in the HMG complex are the Hunter Mine and Lyndhurst Mine to the west and east along strike respectively of the company's property. The Hunter Mine reported production of 117,000 tonnes grading 0.99% Cu in 1957 and reserves of 127,000 t grading 1.06% Cu and 82,000 t of probable ore at 1.06% Cu in 1973. The Lyndhurst Mine reported production of 156,362 t grading 1.93% Cu and 12.72 g/t Ag in 1957. Current reserves have been stated as 125,000 t at 1.75% Cu (source: SIGEOM - Metallic deposit Descriptions. Historical reserves are non-compliant with National Instrument (NI 43-101). Announcement • Jul 16
Val-d'Or Mining Corporation Commences Geochemical Program on Nine Quebec Properties Val-d'Or Mining Corporation commenced a geochemical program on nine (9) of its Quebec properties. The 100%-owned properties are located in the Abitibi Greenstone Belt and are prospective for precious metals (gold, silver) and base metals (copper, zinc and molybdenum). As part of the program, the company will collect samples along property wide grids and conduct biogeochemical, soil and rock assays. The company has allocated a total budget of approximately $150,000 for this program. The nine (9) properties are: Barraute, Val-d'Or Mining Camp - copper, zinc, silver. Hazen, Quévillon-Miquelon Mining Camp - gold, copper, zinc, silver. Lac Fiedmont, Val-d'Or Mining Camp - copper, zinc, silver. Lac Lemoyne, Val-d'Or Mining Camp - gold. LockOut, Cadillac Mining Camp - gold. Petit Lac Noir, Val-d'Or Mining Camp - copper, zinc, silver. Steeloy, Cadillac Mining Camp - molybdenum. Threshold 85, Chapais-Chibougamau Mining Camp - copper-gold, zinc, silver. Venus New, Val-d'Or Mining Camp - gold. The company will report in more detail about the results after the completion of the program at the end of the year. Announcement • May 08
Val-d'Or Mining Corporation announced that it has received CAD 0.30379 million in funding On May 6, 2021, Val-d'Or Mining Corporation (TSXV:VZZ) closed the transaction. The company issued 2,336,846 units for gross proceeds of CAD 303,789.98. The transaction involved participation from five insiders of the company for CAD 51,090 including J. Mullan for 120,000 units, Quirico De Vega for 40,000 units, Jens Zinke through 9148-0876 Quebec Inc. for 20,000, Deborah Honig for 190,000, and Frank Mariage for 23,000 units, and two professional group placees for 140,000 units. The hold period of securities will end on September 7, 2021. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Announcement • Mar 26
Val-d'Or Mining Corporation announced that it expects to receive CAD 0.3 million in funding Val-d'Or Mining Corporation (TSXV:VZZ) announced a non-brokered private placement of up to 2,307,692 units at a price of CAD 0.13 per unit for gross proceeds of CAD 300,000 on March 25, 2021. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a per share price of CAD 0.19 for 24 months from the date of issuance of the securities. The transaction is subject to acceptance by TSX Venture Exchange. The company may pay finders' fees in the transaction. All securities issued are subject to a hold period of four months and one day from the date of closing. Announcement • Feb 24
Val-d'Or Mining Corporation Appoints Deborah Honig to its Board of Directors Val-d'Or Mining Corporation announced that it has appointed Deborah Honig to its Board of Directors. Ms. Honig has more than 15 years of capital markets experience. She is the Founder and President of Adelaide Capital, a full-service Investor Relations firm located in Toronto. Prior to founding Adelaide Capital Markets, Ms. Honig was an institutional equity sales person at full-service investment banks in Toronto for 9 years. Announcement • Nov 20
Val-d'Or Mining Corporation Update About the Progress on Several of Its 2020 Field Exploration Programs Val-d'Or Mining Corporation provides an update about the progress on several of its 2020 field exploration programs. Val-d'Or Mining announces the completion of its 2020 prospecting and sampling program at the Magoma Prospect. The primary metallogenic target is an orogenic gold deposit spatially related to a deformation (shear) zone, hosted in altered and mineralized metavolcanic rocks. Details about historic exploration programs and a summary of the Company's own exploration efforts leading up to this program have been reported in the Val-d'Or Mining news release dated September 10, 2020. The objective of the 2020 prospecting and sampling program was to identify the strike extensions of the historical gold mineralization and to explore for potential parallel mineralized zones. The prospecting program was successful in tracing the shear zone corridor for over 900 metres from the historic gold showing along strike to the NW. This wide NW-SE trending corridor is characterized by strongly banded schist and quartz veins. Rivière Lois Cu-Zn-Ag Prospect: Val-d'Or Mining is currently planning a Time Domain Electromagnetic (TDEM) survey on its Rivière Lois Cu-Zn-Ag Prospect. The program is intended to follow-up on anomalous copper and zinc values intersected by drilling during a program completed by Golden Valley Mines in 2004. The drill hole tested a 3-4 channel MEGATEM II anomaly with an offsetting moderate induced polarization (IP) anomaly. Announcement • Oct 29
Québec Nickel Corp. entered into an agreement to acquire Ducros Group of Properties from Val-d'Or Mining Corporation (TSXV:VZZ). Québec Nickel Corp. entered into an agreement to acquire Ducros Group of Properties from Val-d'Or Mining Corporation (TSXV:VZZ) on October 27, 2020. The Ducros Group of Properties includes the properties known as Ducros Sill, Ducros Fortin, Lac Ducros, Township Line and U-Turn. In consideration for a 100% interest in the properties, QNC will issue 3,589,341 special warrants to Val-d'Or Mining. In addition, Val-d'Or Mining will be granted a royalty of 1.5% of the net smelter returns from the properties which were vended under the agreement, as well as those properties which were staked or will be otherwise acquired by QNC within an area of influence. Announcement • Sep 29
Val-d'Or Mining Corporation Announces the Completion of the 2020 Prospecting and Mapping Program on Its 100%-Owned Oregon Gold Prospect Val-d'Or Mining Corporation announced the completion of the 2020 prospecting and mapping program on its 100%-owned Oregon Gold Prospect. Assay results from the second and final batch of thirty-three (33) rock grab samples are further described below. The results of this program have confirmed the Company's model of an intrusive-hosted, bulk tonnage gold deposit. Observations indicate that a series of cross-cutting, structurally controlled high-grade zones are surrounded by a halo of lower grade mineralized host rock (granodiorite) material. The granodiorite host rock has been documented to be approximately 100-150 metres wide and extends over a distance of more than 2,000 metres. Gold-bearing rock samples have now been encountered at exposed sections from the north-western end (NW showing, see results further below) all the way along to the south-eastern end. The highest-grade sample (sample 369310, grading 54.8 g/t gold) was collected at the Oregon showing, which is located about 400 metres north-west of the south-eastern end of the granodiorite host rock. Furthermore, the results indicate that anomalous mineralization occurs along a series of E-W shear zones that transect (splays - conjugate faulting) the predominate NW-SE regional deformation. These splay faults have been demonstrated to be favourable for their potential to host economic gold deposits in the Abitibi Greenstone Belt. A follow-up program of selective overburden stripping, bedrock cleaning and detailed geological /structural mapping is planned over the known mineralized gold showings and other prospective geological targets, as the Company prepares for its upcoming maiden drill campaign on the property. Oregon Gold Showing: Selective Historic Pit and Trench Sampling Results. A preliminary geological /structural mapping and selective sampling program to characterize the nature and control of the gold mineralization at the Oregon Showing was completed. A total of 11 rock grab samples were collected along a series of historic pits and trenches exposed in outcrop over an area 30-35 metres east-west by1-5 metres north-south. Mineralization occurs within fracture zones that host a series of parallel quartz stringers mineralized with coarse-grained cubic pyrite. The granodiorite hostrock is variably bleached with occasional hematite, limonite, and chlorite alteration and rusty zones, hosting disseminated pyrite. Visible gold (VG) was observed in a number of samples submitted for analysis. The assay results and sample descriptions from 11 selective rock grab samples from the historical trenches are as follows: //st Sample Easting Northing Rock Description Site Py Au No. (+/-6m) (+/- 6m) Description ppm X369301 301961 5371740 Rusty/bleached Pit 1 7-10% 1.72. 
