Announcement • Feb 18
Coloured Ties Capital Provides Information to Shareholders of Labrador Gold On February 18, 2026, Coloured Ties Capital Inc. announced that it commit to paying shareholders a $0.02 dividend, if successful and will declare it within 7 days of the shareholder meeting, and stated that it would be far better to return some capital to shareholders than to continue to gamble it away on these poorly considered investments in other Companies’ projects, and Coloured Ties believes that returning some capital to shareholders is the right thing to do and it would still leave enough capital in the treasury to pursue prudent brownfield opportunities. In addition, Coloured Ties stated that allowing the current treasury destruction path and voting for the continuation of the current management will likely result in a much-depleted treasury, a grass roots project portfolio and a return to the pre-Coloured Ties common share valuation, or much less. Announcement • Feb 14
Coloured Ties views Labrador Gold's choice of Nemo Project as Value Destructive On February 13, 2026, Coloured Ties Capital expressed its views in connection with the Company's Board, labelling the Company’s recent choice of the Nemo Project as value destructive. In addition, Coloured Ties Capital highlighted a growing shareholder support for a shift away from what they termed a Board-Lead Blunder-Fest, emphasizing that credible leadership is essential for identifying quality investment opportunities, which the current Board has failed to do. Coloured Ties criticized the announced joint venture with Nemo Resources, arguing that it represents a recipe for treasury destruction and is unsuitable for a junior mining company. Further, Coloured Ties Capital pointed out that the Board's inability to source and evaluate projects has led to a reliance on outdated strategies, particularly in the context of the current commodities cycle, which favours brownfield exploration over long-term, high-risk ventures. Furthermore, Coloured Ties Capital urged shareholders to disregard the Board's distractions and focus on the facts, asserting that the Board is responsible for significant value destruction and strategic blunders. Coloured Ties called for a vote against the current leadership, advocating for the meaningful change and restore Company to a respected exploration and development company. Announcement • Feb 11
Kal Malhi and Coloured Ties Capital Inc. Commence Defamation Claim Against Labrador Gold Corp., James R. Borland, Leonidas Karabelas, Roger Moss and Trevor Boyd Coloured Ties Capital Inc. is one of the largest shareholders of Labrador Gold Corp. (TSXV: LAB) (OTCQB: NKOSF) (FSE: 2N6) ("Labrador" or the "Company"). Coloured Ties together with Kulwant (Kal) Malhi (the "Plaintiffs"), announce that they have commenced a defamation claim against Labrador, James R. Borland, Leonidas Karabelas, Roger Moss and Trevor Boyd (the "Defendants") with the Ontario Superior Court of Justice (the "Claim"). The Claim alleges that, among other things, on February 2, 2026 the Defendants caused to be published a letter to shareholders in the name of Labrador's board of directors and entitled "The Dissident's Motives Exposed: A Message From Your Board of Directors at Labrador Gold", together with its associated cover pages, graphics, and proxy messaging (collectively, the "Letter"). The Letter was disseminated as campaign material urging shareholders to vote management's proxy and to protect their Labrador investment from the Plaintiffs. The Claim alleges that Labrador knowingly published and disseminated false and defamatory statements accompanied by misleading and inflammatory imagery. Through its language, headings, imagery, and overall presentation, including the prominent headline "MALHICIOUS INTENT" and a depiction of Kal Malhi as a figure carrying away shareholder money from a vault, the Letter was designed to depict the Plaintiffs as thieves, dishonest, predatory, and a threat to shareholder property. The Defendants' use of misleading imagery and accompanying statements was reckless as to the truth and presented in a manner that is causing serious reputational harm to the Plaintiffs. In the Claim, the Plaintiffs seek, among other things, injunctive relief restraining the Defendants from further publishing or republishing the false, misleading and defamatory imagery and statements, and monetary damages for defamation from the Defendants including general, special, aggravated, and punitive damages, to be determined at trial. Announcement • Feb 07
Coloured Ties Provides Information to Shareholders of Labrador Gold On February 6, 2026, Coloured Ties Capital Inc., together with Kal Malhi and Rauni Malhi, announced that they strongly condemn recent statements by Labrador Gold Corp. suggesting that shareholder votes cast on its proxy card not be counted, calling the maneuver a blatant attempt to intimidate shareholders and undermine the integrity of the corporate governance process. In addition, Coloured Ties Capital stated that by raising spurious and misleading claims about the validity of its proxy, Company is attempting to sow confusion among investors and suppress lawful shareholder participation, and that these tactics are not about compliance or clarity but are about entrenchment. Further, Coloured Ties Capital believes that the Company's actions are an effort to distract from substantive issues and discourage independent thinking, and that rather than engaging on the merits of performance, strategy, and accountability, Company appears more focused on an authoritarian agenda of clinging to power at all costs. Furthermore, Coloured Ties Capital urged shareholders to stand up for their rights and vote only on its proxy for much needed change at the Company, stating that shareholders will defend their legal rights as shareholders and intend to take all action necessary to enforce the rights of all shareholders and uphold shareholder democracy should the company deny shareholder votes as threatened. Announcement • Dec 11
Labrador Gold Corp., Annual General Meeting, Feb 24, 2026 Labrador Gold Corp., Annual General Meeting, Feb 24, 2026. Announcement • Nov 07
Labrador Gold Corp. Provides Update on Exploration At the Hopedale and Borden Lake Extension Gold Projects Labrador Gold Corp. provided an update on its 2025 exploration programs at the Hopedale, Labrador and Borden Lake, Ontario gold projects. The Hopedale property covers much of the Archean-age Florence Lake greenstone belt that stretches over 60 km and is prospective for orogenic gold, volcanogenic massive sulphide (VMS) and magmatic copper-nickel deposits. The Borden Lake Extension property occurs in theapuskasing Structural Zone and is contiguous with Discovery's Borden Gold Mine property. The main focus of the 2025 exploration program was along the Thurber Gold trend. This three-kilometre trend, on the northernmost license, is defined by four significant gold occurrences (Thurber South, Thurber Dog, TD 500 and Thurber North) surrounded by anomalous gold in rock and soil samples that occur along the contact of intensely carbonate altered ultramafic volcanic rocks and altered felsic or mafic volcanic rocks. Mapping and sampling: Detailed mapping was carried out over the IP grid with the goal of refining contact relationships between the various lithological units and their relationship to gold mineralization. Other on the project, prospecting and mapping was carried out in the vicinity of known occurrences with the aim of extending known mineralization. Highlights from the prospecting included 2.2g/t Au in a grab sample at the Fire Ant occurrence near Rusty Ridge and nickel values of 0.25%, 0.23%, 0.22%, 0.21% and 0.15% at Last Resort in the south of the property. The results of the 2025 exploration program will be integrated with previous work over the course of the winter to determine follow up work for the 2026 season. Gold and copper potential of the Thurber license, showing the 3km long Thurber Gold Trend. Compilation map showing chargeability anomalies, magnetic highs and gold occurrences overlain on modeled resistivity at 150m depth. Location of gold, nickel, copper, and zinc occurrences on the Hopedale Property. Original results and QA/QC applied during the programs for samples shown here can be found in the following news releases: October 24, 2024: Labrador Gold announces results of summer field work at the Hopedale project including 32.32g/t Au at the north end of the 3km Thurber Gold Trend. February 7, 2024: Labrador Gold announces new discovery with assays of 106g/t Au and 20.4g/t Ag at Fire Ant Zone, Hopedale Project. January 19, 2023: Labrador Gold announces high grade gold and copper assays from Hopedale Project including 21.59g/t Au from TD500 and 10.2% Cu from Kaapak. November 22, 2019: Labrador Gold announces up to 8.26g/t gold in selected grab samples from new showing at Hopedale Project, Labrador. March 13, 2019: Labrador gold announces gold in rock samples from its Hopedale Project includes up to 11.4g/t Au in selected grab sample. Borden Lake Extension (BLE) In early October the company contracted Fladgate Exploration Consulting Corp. to complete a drone magnetic and LiDAR survey over the northern claims of the BLE property. The aim of the survey was to better define the contact between felsic gneisses to the south, and mafic gneiss and amphibolite units to the north which are interpreted to be part of the Borden Mine sequence stratigraphy. Samples have been submitted to Agat Labs in Thunder Bay and results are pending. The magnetic survey identified a major east-northeast trending lineament in the central part of the survey area which is underlain by quartz-biotite gneiss in two locations. An increase in the magnetic intensity approximately 500m north of this lineament corresponds with outcrops of mafic gneissand amphibolite which is underlain by quartz -biotite gneiss which relates well with an Ontario Geological Survey interpreted north-dipping thrust fault in the area (OGS map P.3821). The company will await assay results from the company will await assay results. Announcement • Aug 14
Labrador Gold Corp., Annual General Meeting, Dec 02, 2025 Labrador Gold Corp., Annual General Meeting, Dec 02, 2025. Announcement • Jun 19
Labrador Gold Corp. Begins 2025 Exploration At Hopedale Gold Project Labrador Gold Corp. announced that a field crew has mobilized to the Hopedale gold project in Labrador and that work has begun on the 2025 exploration program. The district scale Hopedale property covers a 43km strike length of the Archean-age Florence Lake greenstone belt which has characteristics typical of greenstone belts around the world but has been underexplored by comparison. Exploration on the property will focus along the Thurber Gold trend on the northern most license. This three-kilometre trend is defined by four significant gold occurrences surrounded by anomalous gold in rock and soil samples that occur along the contact of intensely carbonate altered ultramafic volcanic rocks and altered felsic or mafic volcanic rocks. Past sampling by LabGold along this trend has returned values of up to 32.3 g/t Au at Thurber North in grab samples. Channel sampling at TD500 returned values of up to 14.0 g/t Au over 0.61m, 7.2 g/t Au over 1.83m, 6.1g/t Au over 3.3m and 4.2 g/t Au Over 5.04m. The trend will be covered by a 33-line kilometre IP/Resistivity survey designed to detect chargeability anomalies due to pyrite and/or arsenopyrite mineralization associated with the gold and resistivity anomalies from alteration of the host rocks. Detailed mapping and prospecting will also be undertaken over the grid area and extended to the Thurber Boundary occurrence to the north. Prospecting and mapping will also be undertaken on the southern license in the Rusty Ridge area where gold was recently discovered at the Fire Ant occurrence, and copper - silver at the Stone Fly occurrence. At the Fire Ant occurrence, now traced over an area of 250m by 270m, initial sampling by LabGold in 2023 returned up to 106 g/t Au with 20.4g/t Ag, 3.7 g/t Au with 4.9 g/t Ag, and 2.9 g/t Au with 4.,7g/t Ag in grab samples. Follow up sampling in 2024 returned values of 9.35 g/t Au and 0.19g/t Au with 10.8g/t Ag. Announcement • Feb 20
Labrador Gold Corp. Announces 2025 Exploration Programs for the 100% Owned Hopedale and Borden Lake Gold Projects Labrador Gold Corp. announced that the board of directors of the Company have approved 2025 exploration programs for the 100% owned Hopedale and Borden Lake gold projects. Hopedale: The district scale Hopedale property covers a 43km strike length of the Archean-age Florence Lake greenstone belt which has characteristics typical of greenstone belts around the world but has been underexplored by comparison. Recent exploration by LabGold has resulted in the identification of 11 significant mineral occurrences over the length of the property including five gold occurrences, three nickel occurrences, two copper-silver occurrences and a zinc-copper occurrence. The 2025 program will mainly focus on the Thurber gold trend, defined by four significant gold occurrences surrounded by anomalous gold in rock and soil samples stretching over a three-kilometre strike length. An induced polarization/resistivity survey is planned to cover the three kilometre trend in order to further refine drill targets for a first stage drill program. In addition, mapping and sampling will be undertaken particularly between Thurber North and Thurber boundary where work during 2024 indicates the potential to extend the Thurber gold trend a further 1.5 kilometres to the northern boundary. Elsewhere on the property, prospecting and mapping will be carried out over electromagnetic conductors identified during 2024 surveys at the Jasmine Zn-Cu occurrence and the Misery North Ni-Cu occurrence. Anomalous gold in lake sediment samples occurs along a structural lineament between the Fire Ant Au-Ag occurrence and the StoneFly Cu-Au-Ag occurrence three kilometres to the northeast that will also be prospected. Borden Lake: The Borden Lake project is located near Chapleau, Ontario and lies immediately adjacent to the Borden gold mine, part of the Porcupine Complex, currently being acquired by Discovery Silver Corp. from Newmont Corporation. LabGold’s past exploration on the property identified two anomalous zones, based on geochemistry, one in the north extending over 1.3km northwest-southeast and another in the south extending over 1km north-south. Results from an IP/resistivity survey over the anomalous areas showed a chargeability anomaly approximately 230 metres up ice of a 48 gold grain in till sample that is open to the northwest and to the southeast. In addition, a second chargeability anomaly was identified 800 metres up ice of the 48 gold grain sample and approximately 450 to 600 metres up ice of a cluster of samples containing from three to seven gold grains. Exploration during 2025 will focus on prospecting and a biogeochemical survey covering approximately 27 line kilometres across the northernmost part of the property. The Company is using biogeochemistry as an exploration tool due to the widespread glacial sand cover over large parts of the property. Project Acquisition Update: Consistent with its stated strategy of acquiring a project with a significant resource, the Company continues to look at projects for potential acquisition. To date over 40, primarily Canadian based, projects have been reviewed. The search is ongoing with a focus on advanced stage gold projects and the Company has narrowed down the list of potential candidates and completed technical due diligence on several. With cash and marketable securities of approximately $19.6 million, LabGold is in an excellent position to acquire and advance a significant project. Announcement • Oct 25
Labrador Gold Corp. Announces Results of Summer Field Work at the Hopedale Project Including 32.32g/t Au at The North End of the 3km Thurber Gold Trend Labrador Gold Corp. announce the results of the 2024 exploration program at its 100% owned Hopedale Project in Labrador. The district scale Hopedale property covers a 43km strike length of the Archean-age Florence Lake greenstone belt which has characteristics typical of greenstone belts around the world but has been underexplored by comparison. Highlights: Thurber North: High grade gold value of 32.32g/t and anomalous value of 0.81g/t at the north end of the 3km Thurber gold trend. Thurber Boundary occurrence: Anomalous gold value of 0.9g/t and copper (349ppm) within an 850m long anomalous zone defined by historical sampling, including soil samples up to 1,568 ppb Au and rock samples up to 0.75g/t Au; Indicates potential to extend the Thurber Gold trend a further 1.5km north. Fire Ant gold occurrence: High-grade gold of 9.35g/t and anomalous values of 0.3g/t and 0.19g/t Au with 10.8g/t Ag in rock grab samples close to a 2023 high grade sample grading 106g/t Au and 20.4g/t Ag; Gold mineralization now traced over an area of 250 metres by 270 metres along the contact of ultramafic volcanic rocks and gossanous felsic volcanic rocks. Jasmine Occurrence: Ground electromagnetics show an approximately 400m long conductor adjacent to a sample of semi massive sulphide grading 0.97% Zn and 0.25% Cu within a 1.5km trend of anomalous Cu-Zn in rock and soil. Stone Fly Occurrence: New copper occurrence with 0.55% Cu and anomalous gold (0.1 to 0.2g/t). Fourteen occurrences now identified on the Hopedale project reflecting multiple mineralization styles including orogenic gold, magmatic Ni sulphide, copper-silver vein and Zn-rich volcanogenic massive sulphide (.) Prospecting along the Thurber gold trend during 2024 continued to highlight the significant potential of the area. The highest-grade sample of 32.32g/t Au yet collected along the trend was found at Thurber North, and anomalous samples of 0.96g/t Au and 0.5g/t Au were collected approximately 150m north of TD500 and 100m south of Thurber North, respectively. The three-kilometre trend is defined by four significant gold occurrences surrounded by anomalous gold in rock and soil samples that occur along the contact of intensely carbonate altered ultramafic volcanic rocks and altered felsic or mafic volcanic rocks. A sample grading 0.93g/t Au was collected from the Thurber Boundary area approximately 1.5 kilometres north of Thurber North. Thurber Boundary is defined by soil samples up to 1,568 ppb Au, including five greater than 500ppb, and previous rock samples up to 0.75g/t Au. These anomalous samples extend over 850 metres from the northern property boundary southwestward towards Thurber North and indicate the potential to extend the Thurber gold trend to the property boundary. New Risk • Aug 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.05m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.0m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 9.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€9.05m market cap, or US$9.89m). Announcement • Jul 10
New Found Gold Corp. (TSXV:NFG) completed the acquisition of Kingsway Project from Labrador Gold Corp. (TSXV:LAB) for CAD 26.7 million. New Found Gold Corp. (TSXV:NFG) entered into a property purchase agreement to acquire Kingsway Project from Labrador Gold Corp. (TSXV:LAB) for CAD 20 million on April 21, 2024. Consideration is payable and satisfied by the delivery to LabGold of such number of NFG Common Shares determined by dividing the Purchase Price by the closing price of the NFG Common Shares on the TSX Venture Exchange (“TSXV”) on the last trading day prior to the closing of the Transaction. The Consideration Shares will be subject to a resale restriction of four months and one day from the closing of the Transaction. LabGold’s board of directors has unanimously recommended that LabGold’s shareholders vote in favour of the Transaction. The Transaction is subject to customary conditions, including receipt of necessary regulatory and stock exchange approvals and approval from a 66 2/3% majority of the votes cast by LabGold Shareholders at the next annual general and special meeting of LabGold to be scheduled for early July, 2024 and is is expected to close in the third quarter of 2024. The annual general and special shareholders meeting to approve the transaction has been scheduled for June 27, 2024. Shareholders of record on May 15, 2024 will be entitled to vote at the meeting. As on June 27, 2024, sale of the Kingsway Project to New Found Gold Corp. (“NFG”) has been approved by a majority of 87.8% Labrador Gold Corp. shareholders and overwhelmingly approved the re-election of the Board of Directors, the re-appointment of the Labrador Gold Corp.’s auditors and the ratification of the 2023 Stock Option Plan. The Transaction is scheduled to close on July 9, 2024.
New Found Gold Corp. (TSXV:NFG) completed the acquisition of Kingsway Project from Labrador Gold Corp. (TSXV:LAB) for CAD 26.7 million on July 9, 2024. Pursuant to the Acquisition, New Found has issued to LabGold 5,263,157 common shares as consideration for the Purchased Assets. Announcement • Mar 14
Labrador Gold Corp., Annual General Meeting, May 16, 2024 Labrador Gold Corp., Annual General Meeting, May 16, 2024. Announcement • Feb 08
Labrador Gold Corp. Announces the Results of the 2023 Exploration Program at its 100% Owned Hopedale Project in Labrador Labrador Gold Corp. announced the results of the 2023 exploration program at its 100% owned Hopedale Project in Labrador. The district scale Hopedale property covers a 43km strike length of the Florence Lake greenstone belt which has characteristics typical of greenstone belts around the world but has been underexplored by comparison. Highlights Fire Ant gold occurrence: high-grade gold up to 106g/t with 20.4g/t Ag in rock grab samples, mineralization traced over approximately 200 metres strike length Rusty Ridge and Last Resort nickel occurrences: anomalous Ni area at Rusty Ridge extended to 550m, rock samples up to 0.28% Ni and soil samples up to 0.23% Ni, Identified a new anomalous nickel area (Last Resort) over a strike length of 1.6km coincident with a significant magnetic high, Thurber Boundary copper occurrence anomalous zinc zone identified over 400m at Jasmine with values up to 0.97% Zn in rock and 0.22% in soil, Jasmine also shows high copper and gold values indicating potential for volcanogenic style mineralization. Thurber Boundary copper occurrence: highest copper in soil value (3,493 ppm) found on the property to date identified in a 400m anomalous trend. Significant gold and silver in rock grab samples was found in the Rusty Ridge area with a high of 106g/t Au and 20.4 g/t Ag, 3.7g/t Au and 4.9g/t Ag and 2.9g/t Au and 4.7g/t Ag. This newly discovered mineralization named the Fire Ant occurrence, is hosted in gossanous felsic volcanic rocks close to the contact with ultramafic volcanic rocks and has been traced over a strike length of approximately 200 metres. Work during 2022 found significant nickel anomalies in soil and rock at an area named Rusty Ridge. The anomalies occur in ultramafic rocks indicating potential for magmatic nickel style mineralization. One of the goals of the 2023 exploration program was to follow up and extend these anomalies. A total of 14 grab samples of rock assayed over 0.1% Ni and included values up to 0.28% Ni while nickel values in soil up to 2,271ppm (0.23%) show a significant northeast-southwest trend extending the anomalous area over 550m. Approximately 1.2km south of Rusty Ridge, anomalous nickel in soil samples was outlined over a 1.6km strike length and is coincident with a significant magnetic high. Six of the samples assayed over 1,000ppm (0.1%) Ni with a high of 2,271ppm (0.23%) Ni. Limited rock sampling showed assays of 0.28%, 0.17% and 0.16% Ni in grab samples in this area named Last Resort. The highest copper value in soil (3,493ppm) on the property to date was recorded at Thurber Boundary, where it forms a northeast-southwest trend over approximately 500 metres. The location of the soil anomaly is in a similar stratigraphic location, close to the contact of mafic and ultramafic volcanic rocks, as the high grade (3.31% Cu over 0.76m and 1.55% Cu over 1m in channel samples) Kaapak copper occurrence approximately 3 kilometres to the south. In addition to the copper, nickel and gold found during the exploration program, anomalous zinc was found in soil samples (up to 0.22%) and rock (up to 0.97%) in the Jasmine area. The anomalous zone extends over approximately 400 metres and is coincident with a contact highlighted by a change from magnetic high to magnetic low. The Jasmine area is also known to have high copper and gold values indicating potential for volcanogenic massive sulphide deposits. Rock samples comprise grab samples, which are selective samples and not necessarily representative of mineralization found on the property. Samples were securely stored prior to shipping to analytical labs for assay. Rock samples were assayed at Eastern Analytical Laboratory in Springdale, an ISO/IEC17025 accredited laboratory for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Additional samples were sent to SGS Canada for whole rock assays by borate fusion XRF and ICP-MS/AES. Soil samples were submitted to SGS for gold by standard 30g fire assay with atomic absorption finish as well as ICP-MS for an additional 48 elements. The company submits blanks and certified reference standards amounting to 5% of each sample batch. New Risk • Jan 28
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$11m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$495k net loss next year). Market cap is less than US$100m (€15.1m market cap, or US$16.4m). Announcement • Jan 25
Labrador Gold Corp. Announces Results from Recent Drilling Targeting the Highly Prospective Appleton Fault Zone Labrador Gold Corp. announced results from recent drilling targeting the highly prospective Appleton Fault Zone. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. The latest results include holes drilled at Pristine, the NE extension of Big Vein, initial holes at Knobby and Peter Easton as well as the first hole in the new HM occurrence. Hole K-23-334 was a short hole drilled into the HM occurrence to test for gold mineralization at depth below the quartz vein at surface. Most of the hole was anomalous in gold grading 0.87g/t Au over 55.9 metres that included a zone with 27 grains of visible gold that graded 38.37g/t Au over 0.8 metres from 61.4 metres near the bottom of the hole. The HM occurrence was found by prospecting and is located approximately 570m along strike to the southwest of Big Vein and a similar distance northeast of Knobby. Hole K-23-334 is the only hole drilled into this occurrence to date. Results from Hole K-23-304, drilled at Knobby intersected two quartz zones containing visible gold at 42 and 49 metres. These intersections graded 1.27g/t Au over 0.42 metres and 8.78g/t Au over 0.4 metres, respectively. Board Change • Jan 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. 7 experienced directors. 2 highly experienced directors. Member of Technical Advisory Board Quinton Hennigh was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 24
Labrador Gold Corp. (TSXV:LAB) acquired Hopedale Property in east-central Labrador. Labrador Gold Corp. (TSXV:LAB) acquired Hopedale Property in east-central Labrador on November 22, 2023. The Hopedale Project remains subject to a 2% net smelter return royalty.Labrador Gold Corp. (TSXV:LAB) completed the acquisition of Hopedale Property in east-central Labrador on November 22, 2023. Announcement • Oct 13
Labrador Gold Corp. Announces Results from Recent Drilling Targeting the Highly Prospective Appletonault Zone Labrador Gold Corp. announced results from recent drilling targeting the highly prospective Appleton Fault Zone. The drilling is part of the Company's ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Final results from first stage drilling at Drop kick include significant near surface gold mineralization of 20.15 metres grading 1.81g/t Au from 50 metres, including 4.14g/t Au over 4.5 metres in Hole K-23-248. Several near surface intervals were also intersected in Hole K-23-245 including 1.77g/t Au over 5.15 metres from 31.85 metres downhole. Holes K-23-245 and -248 represent a 67 metre step out to the northeast. Twelve of the 15 holes drilled at Drop kick intersected gold mineralization with four holes containing visible gold. Announcement • Aug 17
Labrador Gold Corp. Reports High Grade Gold Assays Up to 30.58g/t Au Between Big Vein and Golden Glove Labrador Gold Corp. announced results from recent prospecting along the highly prospective Appleton Fault Zone at its 100% owned Kingsway Project. Recent prospecting between Big Vein and Golden Glove near the southern property boundary has located a new gold showing, the Knobby occurrence. Grab samples from quartz vein outcrops returned gold values from below detection (<5ppb) to 30.58 g/t including samples grading 0.4g/t, 2.7g/t and 29.19 g/t Au. Three parallel veins were observed and have been traced along an east-west strike for approximately 200 metres. Stibnite mineralization was observed associated with the quartz veining. This is the first indication of gold mineralization along the Appleton Fault Zone between Big Vein and Golden Glove, an area that has seen little work to date. Prospecting is ongoing in the area of the Knobby occurrence and Groundtruth Exploration is currently completing a ground Mag/VLF survey extending from the southern property boundary to Big Vein. LabGold has submitted an application to drill up to 95 drill holes along this portion of the Appleton Fault Zone. Announcement • Aug 10
Labrador Gold Corp. Announces Results from Recent Drilling Targeting the Highly Prospective Appleton Fault Zone Labrador Gold Corp. announced results from recent drilling targeting the highly prospective Appleton Fault Zone. The drilling is part of the Company's ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of follow up drilling at Pristine include an intersection of 11.98g/t Au over 6 metres from 91 metres (64 metres vertical) including 30.61g/t over 2.33 metres and 82.2g/t over 0.75 metres that contained 77 grains of visible gold in Hole K-22-270. All mineralization drilled to date at Pristine occurs above 86 metres vertical and extends over a strike length of approximately 160 metres. Further results from first stage drilling at DropKick include 1.15g/t Au over 12.4 metres from 190.25 metres including 7.74g/t Au over 0.3 metres in hole K-23-231 and 1.46g/t Au over 6.75 metres from 162.25 metres including 3.72g/t Au over 2.15 metres in Hole K-23-251. Ongoing drilling at Big Vein returned 1.10g/t Au over 9.3 metres from 195 metres, including 1.49g/t over 5.3 metres in Hole K-23 -246 and 1.47 g/t Au over 6.55 metres from 107.88 metres in hole K-23 -237. Drill hole collar details QA/QC True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch. Approximately 5% of sample pulps are submitted to Bureau Veritas, an ISO 17025 accredited Laboratory in Vancouver, BC for check assays. New Risk • Jul 01
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.9% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$16m free cash flow). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$967k net loss next year). Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (€25.3m market cap, or US$27.6m). Announcement • Jan 20
Labrador Gold Corp. Announces High-Grade Gold and Copper Assays From Hopedale Project Including 21.59 g/t Au From TD500 and 10.2% Cu From Kaapak Labrador Gold Corp. announced results of prospecting and channel sampling at the Florence Lake Greenstone Belt on its Hopedale Project in Labrador. Highlights of the exploration include high-grade copper and gold in rock from both grab and channel samples from the northernmost (Thurber Dog) license. Previous work by LabGold and others in this area has outlined significant gold in rock and soil over a 3km strike length, including four discrete mineralized occurrences: Thurber North up to 3.8 g/t Au; TD500 up to 21.59 g/t Au; Thurber Dog up to 11.4 g/t Au; Thurber South up to 4.1 g/t Au. Follow up sampling at the TD500 gold occurrence returned gold values from grab samples ranging from 0.46 g/t to 21.59 g/t Au. The showing was channel sampled along eight channels over a strike length of approximately 60 metres. Gold varies from below detection limit (<5ppb) to 14.02 g/t with 48 samples assaying greater than 100ppb (0.1g/t) Au that includes 19 samples greater than 1 g/t Au. Highlights of the channel samples include 2.91 g/t Au over 5.17m including 14.02 g/t over 0.61m, 2.35 g/t Au over 6.88m and 4.23 g/t over 5.04m. Shear hosted gold mineralization at TD500 has now been uncovered over a 35m strike length and occurs in quartz veins and disseminated in the host rocks close to the contact between mafic volcanic and metasedimentary rocks. Pyrite and arsenopyrite are commonly associated with the gold mineralization. Grab samples from the copper occurrence (Kaapak) ranged from 131 ppm to 10.2% Cu, with seven of the nine samples assaying over 1% Cu. Elevated silver in these samples ranged from 0.2 to 9.8 g/t Ag. The showing was channel sampled along eight channels over a strike length of approximately 50 metres. Results showed copper values ranging from 18ppm to 3.31% and silver values from 0.1 to 2 g/t. Highlights include 3.31% Cu over 0.76m, 2.4% Cu over 0.6m and 1.55% Cu over 1m. Copper is present as disseminated to locally semi-massive chalcopyrite and lesser malachite associated with quartz veins close to the contact with mafic and ultramafic volcanic rocks. Announcement • Jan 13
Labrador Gold Corp. Intersects 20.88 G/T Au over 5 Metres At Big Vein, Kingsway Project Labrador Gold Corp. announced the latest results from recent drilling targeting the highly prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company's ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of the drilling include an intersection of 20.88 g/t Au over 5 metres that included 124.21g/t Au over 0.81 metres and 7.41 g/t Au over 1.0 metres in Hole K-22-206, and 6.04 g/t Au over 1.20 metres in Hole K-22-208. Both holes were drilled at the north end of Big Vein. A total of 63,055 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 2,700 metres of core. The Company has $18 million in cash and is well funded to carry out the remaining 37,000 metres of the planned drill program as well as further exploration to add to the pipeline of drill targets on the property. Recent Insider Transactions • Dec 15
Independent Director recently sold €80k worth of stock On the 12th of December, Leonidas Karabelas sold around 367k shares on-market at roughly €0.22 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €284k more than they bought in the last 12 months. Recent Insider Transactions • Nov 10
Independent Director recently sold €62k worth of stock On the 1st of November, Leonidas Karabelas sold around 299k shares on-market at roughly €0.21 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €97k more than they bought in the last 12 months. Breakeven Date Change • Aug 25
Forecast to breakeven in 2022 The analyst covering Labrador Gold expects the company to break even for the first time. New forecast suggests the company will make a profit of CA$59.2k in 2022. Recent Insider Transactions • Jul 01
Insider recently bought €559k worth of stock On the 23rd of June, Eric Sprott bought around 500k shares on-market at roughly €1.12 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €526k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Dec 19
New 90-day low: €0.20 The company is down 30% from its price of €0.29 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 25% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: €0.21 The company is down 47% from its price of €0.39 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 2.0% over the same period.