1911 Gold announces option grant

1911 Gold announces option grant

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1911 Gold Corporation (“1911 Gold” or the “Company”) (TSXV: AUMB,OTC:AUMBF) (OTCQX: AUMBF) (FRA: 2KY) announces that, in accordance with the Company’s Long-Term Incentive Plan (the “LTIP”), it has granted stock options (the “Options”) to Suzette Ramcharan, an employee of the Company who provides investor relations services, to 500,000 to purchase shares of the Company (the “Shares”) at a price of $1.15 per Share until February 25, 2031. The Options will vest ¼ three months after the date of grant; ¼ six months after the date of award; ¼ nine months after the date of award; and ¼ twelve months after the date of grant. The foregoing Options are subject to acceptance by the TSX Venture Exchange.

Circa 1911 Gold Corporation

1911 Gold is an advanced gold explorer and developer focused on its 100% owned True North Gold project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The company manages a large, highly forward-looking land parcel of approximately 62,000 hectares with numerous past-producing gold operations within trucking distance of the fully constructed and permitted True North mine and mill complex. Positioning itself to restart operations in 2027, 1911 Gold offers a unique near-term production story with significant exploration upside. The strategy is to build a district-level gold mining operation around a centralized and easily expandable infrastructure to support a long-term socially and environmentally responsible mining operation with little development risk and a growing mineral resource base.

1911 Gold’s True North complex and exploration land package are located within and between the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative and respectful communications with all our local communities and stakeholders to promote mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
Chairman and CEO

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively: “forward-looking statements“). Often, but not always, forward-looking statements can be identified by the use of words and phrases such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “predicts”, “intends”, “anticipates” or “does not expect”, or “believes”, or that describe a “target”, or variations of such words and phrases, or statements that certain actions, events or results “may”, “would”, ‘might’, ‘might’ or ‘will’ be assumed, take place or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those projected in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions stated or inherent in such forward-looking statements, including the assumptions set forth below. Although the Company believes these assumptions are reasonable, this list is not exhaustive of factors that could affect the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, predictions, projections, predictions, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the terms of the Options, the Company’s ability to obtain the necessary regulatory approvals for the grant of the Options, and the planned restart of mining operations in 2027, and the timing of such event.

Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements in this press release speak as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither 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.

SOURCE 1911 Gold Corporation

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