HELIO RESOURCE CORP. : http://www.helioresource.com/ : QwikReport

News Releases

#Wed Nov 27, 2019
Helio Resource to Change Name to Winshear Gold Corp.

 Helio Resource Corp. (TSX-V: HRC), ("Helio" or the "Company") announces that it intends to change its name to Winshear Gold Corp. The Company will seek approval of its shareholders at the Special General Meeting scheduled to be held on December 18, 2019 in Vancouver, B.C. with respect to the following matters:
  1. change of name of the Company from "Helio Resource Corp." to "Winshear Gold Corp."; and
  2. approve an amendment to the Company's articles of incorporation in order to bring them into line with changes from the Companies Act (British Columbia) upon the adoption of the Business Corporations Act (British Columbia) in 2004. The proposed amendments to the articles provide for greater flexibility and enable the Company to approve certain amendments i.e. name changes, by way of resolutions as specified in the company's articles and no longer require approval by way of special resolutions.

Following the acquisition of the Gaban Gold Project and the Tinka IOCG project in Peru, a rebranding of the Company is being undertaken by Helio's new Board of Directors. The rebranding will include renaming the Company "Winshear Gold Corp.", a new logo, website and public presentation of the Company, and its new assets and progress towards value creation. The special resolutions being presented for approval at the Special General Meeting of shareholders will allow for the Company to begin that process. The Company will also trade under a new symbol on the TSX Venture post approval of the name change. These changes will be put into effect as soon as possible following the passing of the resolutions at the Special General Meeting and the receipt of the required approvals from the applicable corporate and securities regulatory authorities.

About Helio Resource Corp.

Helio Resource Corp. has two exploration projects in Peru and a significant investment in a development gold project in Tanzania.

Peru -- In September of 2019, Helio completed the acquisition of the Gaban Gold and Tinka I.O.C.G. projects in Peru from Palamina Corp. The Gaban Gold Project, located in the Puno Orogenic Gold Belt in south eastern Peru, is approximately 750km east-south east of Lima. Helio is exploring shear zones within Gaban as the possible source rock of the alluvial gold in the drainages at Gaban and at Madre De Dios, where they are currently being mined by artisanal miners. Helio completed an initial exploration program in 2019 with a follow-up one underway this month to complete site selection for an anticipated drill program in 2020. A surface rights study is also being completed in order to assist with drill planning and permitting.

Tanzania -- The Company has been active in Tanzania since 2006, exploring and developing the SMP Gold Project. In 2017 the Tanzanian government changed the Mining Act whereby the Retention Licence classification, under which the SMP project was held, was abolished, placing the SMP project into a state of limbo. The Company re-applied for the mineral rights covering the Retention Licence area and has made a proposal to the Tanzanian government to re-issue the ground to Helio as a Prospecting Licence, allowing for the project to be advanced to the point at which application for a Mining Licence can be made. A Mining Commission has been formed in Tanzania to make recommendations to the government to decide on how to deal with the ground formerly covered by all Retention Licences in the country. The decision process is ongoing.


For more information please contact Irene Dorsman on (604) 210-8751.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
File: http://www.helioresource.com/i/pdf/2019-11-27-Name-Change.pdf
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#Mon Oct 28, 2019
Report on AGM Results and Corporate Update
Grant of Incentive Stock Options


 

Helio Resource Corp. (TSX-V: HRC), ("Helio") herein reports the results of its Annual General Meeting held on October 24, 2019.

All resolutions presented to shareholders were approved (see the SEDAR filing of the Company's Information Circular, dated September 18, 2019). Votes representing 13,574,248 shares were cast (41.83% of the Issued and Outstanding shares at the record date).

Following the AGM, the following appointments were confirmed:

  1. Stephen Leahy was appointed Chairman of the Board.
  2. The Audit Committee was appointed, comprising Andrew Thomson (Chairman), Dr. Mark Sander and Richard Williams.
  3. The Compensation Committee comprises Alistair Waddell (Chairman), Dr. Mark Sander, Andrew Thomson and Stephen Leahy.
  4. Richard Williams (CEO) and Andrew MacRitchie (CFO and Corporate Secretary) were appointed Officers for the Company.

New Directors and Advisor Appointments

The Company welcomes Dr. Mark Sander and Andrew Thomson to the Board of Directors, and Mr. Bernardo Calderon as an Advisor to the Company.

Dr. Sander re-joins the Board of the Company as representative of CE Mining Limited, one of the Company's largest shareholders, having previously served as a Director of the Company between August 2013 and April 2018. Dr. Sander holds a PhD in Ore Deposits and Exploration from Stanford University (USA) and has been active in the mineral resource industry for the last 25 years in operations, strategy and exploration, with a focus on Copper, Gold and PGM projects. Dr. Sander was formerly the VP of Strategy and Planning for BHP Copper.

Mr. Andrew Thomson is currently the President and a Director of Palamina Corp. He is the former President and Chief Executive Officer of Soltoro Ltd. which was acquired by Agnico Eagle Mines in June of 2015. Mr. Thomson is an Entrepreneur who has actively been exploring throughout the America's since 1993. Mr. Thomson also currently sits on the Board of Directors of Montero Mining and Exploration Ltd.

Mr Bernardo Alvarez Calderon has been appointed as an Advisor to the Company. Mr. Calderon is founder and CEO of Analytica Mineral Services which operates 3 underground gold mines currently operating in Peru. Mr. Alvarez Calderon holds a B.Sc. in Geological Engineering from the Colorado School of Mines and has taken the Owners / President Management Program at the Harvard Business School.

Grant of Incentive Stock Options

The Company's Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share capital in the form of incentive stock options. The Board of Directors has approved the issuance of 2,250,000 incentive stock options to management, directors, advisors, consultants and key employees. The options have a 12 month vesting requirement, 5 year term and are exercisable at 20c per common share. As a result of this grant, the company has a total of 2,250,000 stock options issued, representing 6.9% of the Issued and Outstanding share capital.

About Helio Resource Corp.

Helio Resource Corp. has two exploration projects in Peru and a significant investment in a development gold project in Tanzania.

Peru -- In September of 2019, Helio completed the acquisition of the Gaban Gold and Tinka I.O.C.G. projects in Peru from Palamina Corp. The Gaban Gold Project, located in the Puno Orogenic Gold Belt in south eastern Peru, is approximately 750km east south east of Lima. Helio is exploring shear zones within Gaban as a possible hard rock source to the alluvial gold in the streams at Gaban and currently being mined at Madre De Dios. Helio has carried out one exploration program in 2019 with a second scheduled for November of 2019. A surface rights study is also underway in order to assist with drill planning in the future.

Tanzania -- the Company has been in active in Tanzania since 2006, exploring and developing the SMP Gold Project. In 2016 the Tanzanian government changed the Mining Act, and abolished the Retention Licence classification, thereby placing the SMP project into a state of limbo. The Company has made a proposal to government to re-issue the ground as a Prospecting Licence allowing for the project to be advanced to the point where a Mining Licence can be applied for. A Mining Commission has been formed in Tanzania to make recommendations to the government to decide on how to deal with the ground covered by the Retention Licences. The decision process is ongoing.

For more information please contact Irene Dorsman on 604 210 8751.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"

Richard D. Williams, P.Geo

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


View News Release in PDF Format
File: http://www.helioresource.com/i/pdf/2019-10-28-hrc-nr-zz99ut.pdf
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#Thu Sep 19, 2019
Helio Receives Tsx Venture Exchange Approval For The Acquisition Of Two Projects In Peru, A $900,000 Private Placement, Shares For Debt Settlement And Announces The Appointment Of A New Director

 Helio Resource Corp ("Helio" or the "Company"; TSX-V: HRC) is pleased to announce that it has received TSX Venture Exchange ("TSXV") approval in respect of the following:
  • Acquisition of the Gaban Gold project and the Tinka Iron Oxide Copper Gold project, both located in Peru, from Palamina Corp. (TSX-V: PA) (the “Transaction”).
  • A $900,000 non-brokered private placement financing to cover initial working capital and the first phase of exploration on the Gaban Gold Project.
  • Settlement of $90,000 in debt through the issuance of 1,500,000 common shares.
Private Placement Terms

The $900,000 non-brokered private placement financing was fully subscribed, and comprises 15,000,000 Units priced at 6c per Unit, whereby each Unit is comprised of one (1) common share of the Company and one half (1/2) warrant, whereby one full warrant entitles the holder to purchase one common share of the Company for 10c per common share at any time within 12 months of closing the financing. Shares issued in connection with the closing of the financing will be subject to a 4 month plus one day hold period. Part of the proceeds will be used to pay off existing liabilities of the Company. This private placement and the shares for debt described below are, in part, related party transactions and are both exempt from the valuation and shareholder exemption requirements of Multilateral Instrument 61-101 pursuant to, in addition to other sections, ss. 5.5(a) and 5.7(1)(a) respectively of that Instrument. The related material change report will not be filed more than 21 days prior to Closing of the placement and debt settlement due to the uncertainty of knowing, in advance, when and if final TSXV approval would be obtained.

Project Acquisition Terms

In return for the acquisition of the Gaban Gold Project and the Tinka IOCG project, Helio will issue to Palamina a total of 10 million common shares of the Company as follows:
  • 5 Million shares immediately upon receipt of TSXV approval for the Transaction; and
  • The balance of 5 million shares is to be issued within 24 months of TSXV approval of the Transaction, either through disinterested shareholder approval for such issuance or via the issuance of no greater than 19.9% of any future share issuance made by the Company.
Palamina will retain a 2% Net Smelter Return (NSR) royalty on each property. Helio will have the right to purchase 50% of each royalty by making a cash payment of $1,000,000 to Palamina at any time prior to the commencement of commercial production. All shares issued will be subject to a 4 month plus one day hold period from the date of issuance.

Helio will make an Advance Royalty Payment ("ARP") of $25,000 to Palamina on the first and second anniversaries of closing the Transaction. The ARP will double every two years until such time that Helio has either completed a total of 5,000m of drilling or has abandoned the properties.

Upon closing of the Transaction, Palamina held the right to nominate one Director to the Board of Helio and can nominate a second Director to stand for election at Helio's next annual general meeting.

New Director

In conjunction with the Transaction, Palamina has nominated Mr. Alistair Waddell to Helio's Board of Directors. Mr. Waddell is a geologist with over 25 years of diverse resource industry experience, including senior roles with both junior and senior mining companies providing a broad knowledge of the industry. He was a founder and former President and CEO of TSX-V listed GoldQuest Mining Corp. principally focused on exploration in the Dominican Republic. More recently, he was Vice President -- Greenfields Exploration for Kinross Gold Corp. responsible for global greenfields exploration, which included working across Latin America, including Peru, where he lived and worked for over three years. The Company welcomes Mr. Waddell to its Board of Directors and looks forward to working with him in the advancement of the Company's projects.

The Gaban Gold Project

The Gaban Gold Project covers an area of 18,700 hectares and surrounds the town of San Gaban in the Puno orogenic gold belt. San Gaban, sitting at an elevation of 550m above sea level, is served by excellent infrastructure and is a 4 hour drive via the Trans-oceanic highway to the Puerto Maldonado airport. A nearby 206MW hydro-electric dam provides power to the town.

Palamina staked Gaban to locate the bedrock source of alluvial gold being exploited along the Yanamayo river, which lies wholly within the Gaban project area. At least 10 sets of alluvial mineworkings are known to exist within the project area.

Palamina conducted a stream sediment sampling programme over the Gaban property, collecting a total of 75 samples. Twenty one samples returned assays above detection (5 ppb). Of the 21 samples containing detectable gold, eleven originate from a 5km-long section of the Yanamayo River catchment basin, with assays ranging from 5ppb to 4,891ppb Au (median value of 117ppb Au). In 2018 Palamina completed a heli-borne magnetic / radiometric survey over the property to identify the possible structural controls for bedrock hosted gold mineralisation. See Palamina's news release of October 29, 2018 on their website at www.palamina.com/news. Palamina has spent approximately US$500,000 to date on the project. The Gaban Gold Project is the subject of an NI 43-101 compliant technical report titled "NI 43-101 Technical Report Gaban Property Puno, Peru" with the effective date of August 27, 2019. The Report was prepared for the Company by Mr. David Seers, AusIMM CP(Geo), and is available on SEDAR.

The Tinka IOCG Project

The Tinka IOCG Project is an early stage exploration target that covers an area of 1,800 hectares. It is located 45 km southeast of the town of Ica (population 280,000) at an elevation of 2,000m, and is 300km southeast of Lima along the Pan-American highway.

Shares for Debt Settlement

The Company has reached agreement with certain creditors including insiders to settle a total of $90,000 in debts by way of issuance of 1,500,000 common shares of the Company at a deemed price of 6c per share. Of that total amount, Insiders were issued a total of 600,000 shares to settle $36,000 of debt and also agreed to write off an additional $43,000 in debts owed to them.
Mr. Richard Williams, M.Sc. (MinEx), P.Geo, is a Qualified Person as defined by National Instrument 43-101 and has supervised the preparation, compilation and review of the geological and technical contents of this press release.

Enquiries:

Helio Resource Corp.

Richard Williams (CEO)
+1 604 210 8753

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements Regarding Forward-Looking Information

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "anticipated", "estimates", "intends", "expected", "believes", "may", "will", "wants to" and include, without limitation, statements regarding the Government of Tanzania's future actions or their undisclosed past actions, the Company's Retention Licences, plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, actions of the Government of Tanzania, or other governments, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
File: http://www.helioresource.com/i/pdf/2019-09-19_NR-auytas9823i.pdf
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#Thu Aug 1, 2019
Helio Increases Private Placement Financing To $900,000

 Helio Resource Corp ("Helio" or the "Company"; TSX-V: HRC) is pleased to announce that, pursuant to the news release dated May 15, 2019, it has increased the previously announced non-brokered private placement financing to $900,000. Proceeds from the financing will be used to cover the first phase of exploration work on the Gaban Gold Property in Peru and to cover initial working capital.

Completion of the Private Placement financing is subject to TSX Venture Exchange approval of the transaction, including acceptance of a NI 43-101 Technical Report for the Gaban Gold Property, Peru, which has been submitted for review. The Company's shares will remain halted until TSX approval has been received.

Private Placement Terms

The financing will consist of up to 15,000,000 Units priced at 6c per Unit, whereby each Unit is comprised of one (1) common share of the Company and one half (1/2) warrant, whereby one full warrant entitles the holder to purchase one common share of the Company for 10c per common share at any time within 12 months of closing the financing. All shares issued will be subject to a 4 month plus one day hold period from the date of issuance.

Enquiries:

Helio Resource Corp.

Richard Williams (CEO)
+1 604 210 8753

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements Regarding Forward-Looking Information

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "anticipated", "estimates", "intends", "expected", "believes", "may", "will", "wants to" and include, without limitation, statements regarding the Company's plan of business operations (including plans for progressing assets). There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
File: http://www.helioresource.com/i/pdf/2019-08-01_NR-h89a6wh34.pdf
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#Wed May 15, 2019
Helio to Raise a Minimum of $600,000, Acquire Two Projects in Peru, Shares for Debt Settlement and Provides Tanzania Update

 

Helio Resource Corp (“Helio” or the “Company”; TSX-V: HRC) is pleased to announce that, subject to TSX Venture Exchange (“TSXV”) approval, it has signed a Letter of Intent (LOI) on May 14, 2019, with Palamina Corp (TSX-V : PA) to acquire the Gaban gold project and the Tinka Iron Oxide Copper Gold project, both located in Peru. In conjunction with the acquisition, Helio plans to raise between $600,000 and $800,000 through a non-brokered private placement financing to cover the first phase of exploration on the properties and to cover initial working capital (together, with the other matters referenced herein, the “Transaction”). This is an arm’s length transaction and no finders fee is payable.

Private Placement Terms

The proposed financing will consist of up to 10,000,000 Units priced at 6c per Unit, whereby each Unit is comprised of one (1) common share of the Company and one half (1/2) warrant, whereby one full warrant entitles the holder to purchase one common share of the Company for 10c per common share at any time within 12 months of closing the financing.

Project Acquisition Terms

This acquisition of the Gaban and Tinka projects is subject to, in addition to other items, the Company raising a minimum of $600,000.

Subject to successful completion of a 30-day due diligence period, and receipt of TSXV approval, Helio will issue to Palamina a total of 10 million common shares of the Company as follows:

  • 5 Million shares immediately upon receipt of TSXV approval for the Transaction; and
  • The balance of 5 million shares is to be issued within 24 months of TSXV approval of the Transaction, either through disinterested shareholder approval for such issuance or via the issuance of no greater that 19.9% of any future share issuance made by the Company.

Palamina will retain a 2% Net Smelter Return (NSR) royalty on each property. Helio will have the right to purchase 50% of each royalty by making a cash payment of $1,000,000 to Palamina at any time prior to the commencement of commercial production. All shares issued will be subject to a 4 month plus one day hold period from the date of issuance.

Helio will make an Advance Royalty Payment (ARP) of $25,000 to Palamina on the first and second anniversaries of closing the Transaction. The ARP will double every two years until such time that Helio has either completed a total of 5,000m of drilling or has abandoned the properties.

Upon closing of the Transaction, Palamina has the right to nominate one Director to the Board of Helio and can nominate a second Director to stand for election at Helio’s next annual general meeting.

The Gaban Project

The Gaban Gold Project covers an area of 17,400 hectares, and surrounds the town of San Gaban in the Puno orogenic gold belt. San Gaban, sitting at an elevation of 550m above sea level, is served by excellent infrastructure and is a 4 hour drive via the Trans-oceanic highway to the Puerto Maldonado airport. A nearby 206MW hydro-electric dam provides power to the town.

Palamina staked Gaban to locate the bedrock source of alluvial gold being exploited along the Yanamayo river, which lies wholly within the Gaban project area. At least 10 sets of alluvial mineworkings are known to be exist within the project area.

Palamina conducted a stream sediment sampling programme over the Gaban property, collecting a total of 75 samples. Twenty one samples returned assays above detection (5 ppb). Of the 21 samples showing a gold presence, eleven originate from a 5km-long section of the Yanamayo River catchment basin, with assays ranging from 5ppb to 4,891ppb Au (median value of 117ppb Au). In addition, in 2018 Palamina completed a heli-borne magnetic / radiometric survey over the property to identify the possible structural controls for bedrock hosted gold mineralisation. See Palamina’s news release of October 29, 2018 on their website at www.palamina.com/news. Palamina has spent approximately US$500,000 to date on the project.

The Tinka IOCG Project

The Tinka IOCG Project is an early stage exploration target that covers an area of 1,800 hectares. It is located 45 km southeast of the town of Ica (population 280,000) at an elevation of 2,000m, and is 300km southeast of Lima along the Pan-American highway.

Shares for Debt Settlement

The Company has reached agreement with certain creditors including insiders to settle a total of $90,000 in debts by way of issuance of 1,500,000 common shares of the Company at a deemed price of 6c per share. The shares will be issued, subject to TSXV approval, upon closing of the Transaction.

Tanzania (SMP Gold Project) Update

The Company continues to work with the Ministry of Mines in Tanzania to find a sensible solution to the Retention Licence issue. Helio’s SMP project comprises 8 Prospecting Licenses (PLs), 4 Retention Licences (RLs), and one licence under application (see map below). The four Retention Licences are RL 0009 (Saza), RL 0010 (Gap), RL 0011 (Kwaheri), and RL 0012 (Illunga). Under the Tanzanian Mining Act, 2010, Retention Licences were issued to projects where a mineral resource had been identified, but the projects could not be developed to mine status by reason of technical constraints, or other economic factors which are temporary in nature.

Changes made in 2017 to the Mining Act (2010) resulted in the Retention Licence classification being abolished and ownership transferred to the Government of Tanzania. The Company has been assured verbally by government officials that the Tanzanian government is not expropriating the ground covered by the Retention Licences and wants to work with the Retention Licence holders to ensure that projects are advanced to the point where a mining licence can be applied for.

The Tanzanian government has formed a Mining Commission which will make recommendations for the way forward with regards to the ground covered by Retention Licences. After consultation with ministers from the Ministry of Minerals, Helio has applied for the ground covered by the Retention Licences to be re-issued as Prospecting licences to allow the project to be advanced. However, the Commission has yet to make any recommendations.

The SMP Gold Project covers a 200km2 area in the Lupa Goldfields, SW Tanzania and is adjacent to the New Luika Gold Mine, operated by Shanta Gold Limited, an AIM-listed company. On March 26, 2015, Helio released a mineral resource estimate for the SMP Gold Project, comprising an Indicated Resource of 7.5 MT grading 2.4 g/t Au for 590,000 oz Au contained, and an Inferred Resource of 0.56 Mt at 2.5 g/t Au containing 45,000 oz Au. The Indicated Resource is broken down into 5.9 Mt grading 1.8 g/t Au for 332,000 oz inside a pit constrained shell at US$1,400/oz gold price and 1.6 Mt grading 4.9 g/t for 258,000 ounces underground. A NI 43-101 Technical Report for the Mineral Resource Estimate can be viewed here - click here for full details.


Map of the SMP Gold Project

Mr. Richard Williams, M.Sc. (MinEx), P.Geo, is a Qualified Person as defined by National Instrument 43-101 and has supervised the preparation, compilation and review of the geological and technical contents of this press release.

Enquiries:

Helio Resource Corp

Richard Williams (CEO)
+1 604 210 8753

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements Regarding Forward-Looking Information

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as “anticipated”, "estimates", "intends", "expected", "believes", "may", "will", “wants to” and include, without limitation, statements regarding the Government of Tanzania’s future actions or their undisclosed past actions, the Company's Retention Licences, plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, actions of the Government of Tanzania, or other governments, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.


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