Delrey models large geopyhsical anomalies on its Blackie, Porcher, and Star properties

DELREY METALS CORP. (CSE:DLRY, FSE:1OZ, US:DLRYF) (“Delrey” or the “Company” – https://www.commodity-tv.net/c/search_adv/?v=298860) is pleased to announce that it has completed airborne geophysics across its Porcher, Blackie and Star properties located near Prince Rupert, British Columbia. The results are very encouraging and outline sizeable magnetic anomalies on all three properties. This is highlighted by two, 3km x 2km & 2.7km x 1.8km, magnetic highs located on its wholly-owned Porcher property (Fig. 1), a 11km long northwest-southeast trending magnetic high located on its wholly-owed Star property (Fig. 2), and a 1.5km x 800m magnetic high (up to 68,000nT raw) located on its wholly-owned Blackie property (Fig. 3). A historic 2.14% V205 bedrock sample from the Blackie is believed to be coincident with the newly mapped geophysical anomaly (McDougall, 1984).1

The three surveys were completed by Ridgeline Exploration Services Inc. out of Kelowna, B.C., and were flown in a systematic low-level grid pattern at 150-m line spacing. The average terrain clearance was 75m across all surveys and a total of 1,105.55 line-km (Porcher: 472.48 line-km; Star: 457.48 line-km; Blackie: 175.59 line-km) were flown.

Based on results from the surveys the Company is pleased to announce that it has increased to size of the Porcher property from 3,122.16 to 3,525.46-hectares, and the Star property from 3,646.8 to 4,618.3-hectares to fully encompass the newly discovered magnetic anomalies. The results from the surveys will be used in helping Delrey’s technical team plan a Phase II work program which will include prospecting, mapping and rock sampling over the geophysical anomalies.

The crews are currently mobilizing to the Peneece property and it is estimated that the survey will be completed within the week with results released shortly thereafter.

“The Delrey team is quite excited by the results of the Phase I work program on the Blackie, Porcher and Star properties. High-resolution magnetics are an effective tool used for vectoring towards Fe-Ti-V bearing magnetite deposits. The large anomalies identified by the 2019 surveys combined with historic surface sampling confirming vanadium and titanium mineralization gives us confidence in the potential of these three properties. We are looking forward to returning to the properties in the coming weeks to follow up with a Phase II work program over the magnetic anomalies. This timeline will allow Delrey to conduct a Phase III work program on the properties during the summer months which may include diamond drilling over the highest priority targets developed from the Phase I and II field programs”, commented Morgan Good, Delrey’s President and Chief Executive Officer.

About Delrey

Delrey is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy metals space. The Company has an option to earn a 100% interest in the Sunset property located in the Vancouver Mining Division near Pemberton, British Columbia. The Company also owns 100% of the Star, Porcher, Peneece and Blackie Fe-Ti-V properties located along tide-water in western British Columbia. Delrey will continue to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “DLRY”.

Qualified person

Scott Dorion,, P.Geo., is the designated Qualified Person of the Company as defined by NI 43-101 and has reviewed and approved the technical information contained in this release.

ON BEHALF OF THE BOARD OF DIRECTORS OF DELREY METALS CORP.

“Morgan Good”

Morgan Good, President and Chief Executive Officer

1This historical results are believed to be based on reasonable assumptions, and neither the company nor its qualified person has any reason to contest the relevance and reliability of the historical samples. However, a qualified person has not done sufficient work to replicate historic rock grab samples using current lab methods. Although the historical rock grab samples are believed to be based on reasonable sampling and assay methodologies, they were calculated prior to the implementation of National Instrument 43-101. The historical results have not been verified.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, but are not limited to, general business and economic uncertainties. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

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

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Maple Gold commences drilling with two drill rigs now on site

Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G – https://www.commodity-tv.net/c/search_adv/?v=298248 ) has officially commenced drilling with Orbit Garant’s first drill rig, currently at a depth of 125m downhole (see Fig 2 to view drill-core) at the first drill site in the Nika Zone. This first drill-hole, DO-19-255, is targeting the near-surface extension of last’ year’s best intercept in the Nika Zone (hole DO-18-218), which returned 50 metres averaging 1.77 g/t Au (see press release dated May 14, 2018). The second drill-hole will test the depth continuity of the same intercept, with additional holes planned in this area to test other nearby higher grade targets.

Maple Gold’s President and CEO, Matthew Hornor, commented: “The Nika Zone and surrounding NW Gap Area represents an important opportunity for the Company. The drill density in this area is relatively limited and last year’s new discovery demonstrated the ability to define brand new zones within the greater resource area. Further drilling success in this area could lead to the definition of more near-surface mineralisation and help us link the Douay West, Porphyry and NW Zones.”

An additional drill-hole approximately 250m to the west of DO-18-218 is planned to test the volume potential of a high-grade (21.1 g/t Au) intercept obtained from the final 1.5 metres of a historical drill-hole (DO-12-05), drilled back in 2012.

Forage Pikogan’s first drill has also arrived and is set up at its first site in the Porphyry Zone, with drilling expected to begin tonight.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

Quality Assurance (QA) and Quality Control (QC)

Maple Gold implements strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on the Company’s website.

About Maple Gold

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s ~392 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource3 that remains open in multiple directions. For more information please visit www.maplegoldmines.com.

Forward Looking Statements:

This news release contains “forward-looking information" and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospective  mineral potential of the Porphyry Zone, the potential for significant mineralisation from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly 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 as required by law.

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New 3D Geological Model highlights multiple higher-grade mineralised zones untested below shallow depth at Douay Project

Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G – http://www.commodity-tv.net/c/search_adv/?v=298248) has created a new 3D geological and structural model for its Douay gold project, located on the prolific Casa Berardi Deformation Zone near Val d’Or, Quebec. The Douay deposit currently contains 2,759,000 ounces Au in the inferred category and a further 479,000 ounces Au indicated using a 0.45 g/t Au cut-off grade (Micon 2018)[1]. The Micon 2018 resource does not include the new drill data from the winter 2018 campaign, and is open along strike and down dip. The new 3D model will improve targeting of additional resources in subsequent drill campaigns and forms the foundation for an updated resource estimate.

  • New 3D model based on historical and new exploration results and re-interpretation of the existing and new mineralised envelopes, highlights numerous zones of higher-grade mineralisation throughout the 6km strike length of the Douay deposit (see Figures 1, 2)
  • The higher-grade zones are variably plunging and structurally-controlled by northwest-southeast striking Douay faults and east-west trending faults of the Casa Berardi Deformation Zone (CBDZ)
  • The down-plunge continuity of higher-grade zones has to-date been tested only to shallow depth – the average drill-hole depth at Douay is only ~230m vertical – providing excellent potential for resource expansion to depth (Fig. 2)
  • Additional mineralisation controls and orientations are related to the morphology of more local structures, syenite intrusions and their contacts

Matthew Hornor, Maple Gold’s President and CEO, commented: “Having a more thorough set of structural interpretations and a new 3D geological model establishes a foundation more in line with the standards of a major gold company and marks an important internal milestone for our technical team.”

Fred Speidel, VP, Exploration, added: These new products have strongly encouraged us to pursue down-plunge extensions of higher-grade zones that continue below the current average depth of drilling at Douay. They will also allow us to more accurately target these higher grade zones in our subsequent drill programs.”  

[1] Micon 2018: NI 43-101 Technical Report Mineral Resource Estimate for the Douay Gold Project
https://maplegoldmines.com/images/pdf/2018/Douay_NI_43_101_Technical_Report_March_2018.pdf

Additional updates pertaining to the new 3D model, pending resource estimate update and new priority drill targets will be provided shortly.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

Quality Assurance (QA) and Quality Control (QC)

Maple Gold implements strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on the website at: http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement

About Maple Gold

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s ~389 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource3 that remains open in multiple directions. For more information please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Matthew Hornor”
B. Matthew Hornor, President & CEO

For Further Information Please Contact:

Mr. Joness Lang
VP, Corporate Development
Cell: 778.686.6836
Email: jlang@maplegoldmines.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

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 PRESS RELEASE.

Forward Looking Statements:

This news release contains “forward-looking information" and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospective  mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly 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 as required by law.

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Maple Gold summarizes 2018 drilling highlights after receiving final assays

Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G – http://www.commodity-tv.net/c/search_adv/?v=298484) is pleased to provide a highlights summary of the 2018 drilling campaign now that all assays have been received. The 2018 winter drilling campaign included 21,122 metres of diamond drilling from 52 holes and 1,471.3 metres from 57 short top-of-bedrock Reverse Circulation (RC) holes for a total of 22,593 metres.

Approximately 70% of the total meterage was within or near the known Resource Area, defined as the 6.3 km by 1.8 km corridor including the outline of the Micon 2018 conceptual pits, and also including any known mineralized zones extending beyond the resource. The Douay NI 43-101 resource contains 479,000 indicated ounces averaging 1.59 g/t Au and 2,759,000 inferred ounces averaging 1.02 g/t Au, all using a 0.45 g/t Au cut-off grade (Micon 2018).[1] Some of the Resource Area drilling in 2018 was focused on aggressive step-out targets, particularly where gaps in the drill-hole distribution could allow the discovery of new zones with potential to add ounces and bring the Company a step closer to connecting and linking up surrounding mineralized zones. The balance of the meterage (~30%) was dedicated to begin exploring the greater 377 km² property package and generate new greenfield targets (shallow RC drilling), while also testing two existing greenfield target areas (NE Syenite and NW Greenfield target areas) with a first phase of diamond drilling. The following sections outline highlights from the various areas drilled in the 2018 campaign along with initial interpretation and analysis.

Resource Area: Central Resource Area (Porphyry Zone infill/step-out): 29 drill-holes (11,735 metres)

This drilling mainly focussed on confirming along strike and down-dip (or up-dip) continuity of existing zones, in particular in areas with lower density of drill-holes.

Highlighted results (true-widths estimated to be approximately 90% of down-hole length):

  • DO-18-216: 52m @ 3.53 g/t Au (including 21m @ 7.87 g/t Au) within broader ~150m halo of lower grade material; DO-18-203: 19m @ 0.88 g/t Au [see press release May 2, 2018]. These zones extend from surface to over 300m vertical depth.
  • DO-18-229: cut several mineralized zones, including 12m @ 1.90 g/t Au, 8.5m @ 3.80 g/t Au and 5.5m @ 1.94 g/t Au, all of which form part of a broader envelope of mineralization that extends to surface; DO-18-234: numerous mineralized zones, including 7m @ 1.47 g/t Au and 27.9m @ 0.66 g/t Au; DO-18-230: multiple zones, 24m @ 0.75 g/t Au (including 7m @ 1.17 g/t Au) and 4.8m @ 1.25 g/t Au, these zones also extend to surface [see press release June 26, 2018]
  • DO-18-247: cut several mineralized zones, including 21m @ 3.49 g/t Au, including 6.0 m of 9.32 g/t Au; DO-18-254: cut 27.5 m of 1.25 g/t Au, including 2.1 m of 5.36 g/t Au; DO-18-244: cut several mineralized zones, including 7m @ 2.06 g/t Au and three others over one g/t Au. All of these zones extend to surface [see press release July 9, 2018]

Summary: The assay results from drilling in the central part of the Porphyry Zone (including DO-18-216) support the Company’s concept of multiple higher-grade zones or shoots within the Porphyry Zone, demonstrate the continuity of this style of mineralization in the central part of the Porphyry Zone, and open the possibility of increasing grades at depth.

Highlighted results from the east-central part of the Porphyry Zone (DO-18-247, DO-18-254 and DO-18-244) targeted an area with lower drill density and intersected significantly higher grades than adjacent holes, indicating that grade may increase at depth in this area.   

Drilling in the western half of the Porphyry Zone (i.e. west of DO-18-216) confirmed the presence of a broad (90- to 130-metre true width) halo of gold mineralization, extending several hundred metres along strike and mainly hosted in syenites (DO-18-229, DO-18-230, DO-18-234).

Resource Area: NW Zone, NW Gap Area (including new Nika Zones): 11 drill-holes for 4,528 metres

Drilling focused on an area with low drill density between the NW, Douay West and Porphyry Zones (the NW Gap Area), where several scattered higher grade intercepts had previously been obtained, mainly outside of the existing conceptual pits, where additional drilling could confirm continuity of these intercepts and expand the existing conceptual pits.

Highlighted results (True widths are estimated to be approximately 90% of down-hole lengths):

  • DO-18-217: 17m @ 1.08 g/t Au within broader ~100m halo of lower-grade mineralization [see press release April 23, 2018]; DO-18-218: 50m @ 1.77 g/t Au with excellent continuity and up-dip extension open to surface [see press release May 14, 2018]; DO-18-227: 5m @ 2.32 g/t Au on the southeast edge of an existing (Micon 2018) conceptual pit [see press release June 11, 2018]; DO-18-241: 12m @ 1.78 g/t Au confirming eastern continuity and extension of gold mineralization from DO-18-218 [see press release July 26, 2018]

Summary: Drilling in the NW Gap area was very successful, with the discovery of several new zones of mineralization (the Nika zones). There are large bodies of syenite in this area, which together with initial interpretation of trace element patterns, appear to indicate this area may represent one of several intrusive-hydrothermal centers forming part of the Douay Resource. As is also the case for the Porphyry Zone, higher-grade intervals are surrounded by broad lower-grade haloes. Additional drilling is required to further define these new mineralized zones, along strike and up-dip and down-dip.

Maple Gold’s VP, Exploration, Fred Speidel, stated“Nearly three-quarters of the winter 2018 drill program focused on building on the core area of the project and we have been pleased with the successes there. We were not only able to extend key mineralized areas within the known deposit area, but also discovered new gold zones (Nika) and overall have made solid progress in the established Resource Area. Over the coming weeks and months our technical team will be updating our models as we progress towards the next resource estimate at Douay.”

Greenfield Drilling: Shallow RC drilling (1,471.3 metres), NE Syenite (2,869 metres) and NW Greenfield (1,991 metres)

The shallow 2018 reverse circulation (RC) drilling generated three (3) new geological targets in the westernmost part of the Douay Project. The new targets are located approximately 35 km west of the Resource Area, and are within a block of about 38 km  of ground that was staked by the Company in late 2017. Very limited historical exploration work has been documented here; this shallow exploration drilling represents the Company’s first phase of work in this area and was designed to provide initial bedrock and overburden data to permit vectoring towards targets for additional exploration work and potential core drilling in subsequent campaigns.

An initial review of the assays from core drilling results received for both the NW Greenfield and NE Syenite areas showed encouraging anomalies in several pathfinder elements that can be associated with gold in the Resource Area; these geochemical anomalies deserve further surface work with the objective of vectoring in on and refining future drill targets in these areas.

The Company completed 1471.3 metres of RC drilling in 57 shallow holes in two areas: the western area and the south-central area (see Fig. 1, inset). In the more favorable western area, three separate gold-in-till anomalies were obtained, with 25, 35 and 21 gold grains in till samples; a more subtle fourth anomaly with 16 gold grains also occurs adjacent to the best of the first three, thereby augmenting and confirming that target. Background for this area is approximately 0 to 5 gold grains per till sample. Bedrock geochemistry for these and adjacent holes shows several different alteration styles, some of which are similar to alteration in the Resource Area and others more indicative of a volcanogenic massive sulfide (VMS) style of mineralization such as the nearby Joutel and Estrades deposits. The average overburden thickness in this western area was 27.9 metres. Additional follow up work is planned for this area and is expected to include an IP survey in an effort to firm up potential new discovery drill targets.

Maple Gold’s VP, Exploration, Fred Speidel, commented: “Results from initial core drilling in higher risk (but also potentially higher reward) greenfield areas are sufficiently encouraging to warrant further exploration, with positive geological and geochemical indications in all three areas tested.”

Speidel added: “Shallow RC drilling is a cost-effective exploration tool for new target generation in areas with glacial cover that allows us to obtain important information about both bedrock and glacial overburden geology and geochemistry. There are encouraging indications for both gold and base metals in the western area, where overburden thickness was shown to be less than expected. We will build on the data we’ve received from this work in an attempt to vector in towards new greenfield targets for future drilling campaigns.”

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

Quality Assurance (QA) and Quality Control (QC)

Maple Gold implements strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on the website at: http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement

About Maple Gold

Maple Gold is an advanced gold exploration company focused on defining a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s 377 km² Douay Gold Project is located along the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project has an established gold resource[2] that remains open in multiple directions, with excellent infrastructure and several large scale operating mines within this prolific mining district. Maple Gold has now completed a significant winter drill campaign to expand on the known Resource Areas and test new discovery targets within the Company’s 55 km of strike along the Casa Berardi Deformation Zone. For more information please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Matthew Hornor”

  1. Matthew Hornor, President & CEO

For Further Information Please Contact:

Mr. Joness Lang

VP, Corporate Development
Cell: 778.686.6836
Email: jlang@maplegoldmines.com

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info@resource-capital.ch

www.resource-capital.ch

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 PRESS RELEASE.

Forward Looking Statements:

This news release contains “forward-looking information" and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospective  mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly 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 as required by law.

[1] (Micon 2018) 479,000 ounces at 1.59 g/t Au (Indicated category) and 2,759,000 ounces at 1.02 g/t Au (Inferred category), using a 0.45 g/t Au cut-off grade. Please visit www.maplegoldmines.com or the Company’s SEDAR filings for a copy of the Micon 2018 report.

[2] (Micon 2018) 479,000 ounces at 1.59 g/t Au (Indicated category) and 2,759,000 ounces at 1.02 g/t Au (Inferred category), using a 0.45 g/t Au cut-off grade. Please visit www.maplegoldmines.com or the Company’s SEDAR filings for a copy of the Micon 2018 report.

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Aurania Defines Specific Epithermal Target- „Crunchy Hill“ -within the Latorre Area

Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the “Company” – https://www.youtube.com/watch?v=loQK2aflD3Q&t=3s) is pleased to report that the source of the “vuggy silica” blocks – a known indicator of epithermal gold-silver systems –  has been found in the Latorre B area in the Lost Cities – Cutucu Project (the “Project”) in southeastern Ecuador.  The target has been renamed “Crunchy Hill”.  The Company is also pleased to report that further stream sediment sampling has approximately doubled the size of the Latorre A target.

To view the discovery of vuggy silica at Crunchy Hill as recorded on a field camera, click on the link below:

http://www.aurania.com/crunchy-hill-discovery/

CEO and Chairman, Dr. Keith Barron commented, “In our last press release on the Latorre area (see press release dated February 28, 2018), we mentioned that blocks of vuggy silica had been found in the Latorre B target area; we have now found the source of this key marker of epithermal systems.  The target was initially identified by only two stream sediment samples enriched in naturally-occurring arsenic, antimony, mercury, silver, selenium and thallium – which are all pathfinder elements for epithermal gold-silver systems.  Diligent follow-up of this small area of interest has led to the discovery of a 400-metre long ridge of vuggy silica – a sponge-textured rock composed of cavities within a web of residual silica – that is very commonly associated with epithermal systems.  Assays from rock-chip samples from outcrop at Crunchy Hill are pending and soil sampling for geochemical analysis is currently underway from a grid pattern over the ridge.  It is highly probable that Crunchy Hill will be our first drill target in the Lost Cities – Cutucu Project.” 

Crunchy Hill Target

Crunchy Hill, one of five targets within the larger Latorre area, was so-named because of the characteristic sound made underfoot as silica grains grind against each other in the clay-rich soil.  Intense vuggy silica occurs with banded chalcedonic silica veinlets along a northeast-trending ridgeline in a sequence of black shale, limestone and siltstone.  Heavy and porous iron gossan blocks occur with the vuggy silica, indicating that the system originally contained abundant sulphide minerals that have been weathered to iron oxide. 

Rock-chip samples of blocks of vuggy silica, gossan and hematite (iron oxide) breccia in the streams draining Crunchy Hill have returned assays of up to 10 grams per tonne (“g/t”) of silver, along with high levels of pathfinder elements such as naturally-occurring arsenic, antimony, mercury and thallium – volatile elements.  One rock-chip sample that returned 3g/t silver was extremely enriched in thallium (219g/t) and to some extent in mercury (2.2g/t).  The occurrence of silver, along with volatile elements, in rock-chip samples is encouraging for gold mineralization because it tends to precipitate over a wider area (above and adjacent to) the gold-bearing core of these systems. 

A second zone of vuggy silica with superimposed, banded chalcedonic silica, has been found one kilometre west of Crunchy Hill, while manganese oxide, along with adularia casts in banded chalcedonic silica veinlets, have been found in blocks in a stream approximately one kilometre north of Crunchy Hill.  The manganese oxide is suspected to have been weathered from manganese carbonate, rhodochrosite.  Both adularia and rhodochrosite are key indicator minerals at the Fruta del Norte (“FDN”) gold-silver deposit in Ecuador which is currently being developed by Lundin Gold.

Exploration Model at Crunchy Hill

The vuggy silica at Crunchy Hill is typical of high sulphidation epithermal systems such as Alto Chicama (Lagunas Norte Mine) in Peru, while the banded chalcedonic silica veinlets are more typical of intermediate or low sulphidation epithermal systems.  The FDN gold-silver deposit that lies 100 km along trend is a classic example of an intermediate sulphidation epithermal system.  The Company’s current exploration model for the Crunchy Hill target consists of a central high sulphidation epithermal system like Alto Chicama that grades outward into an intermediate sulphidation system similar to that in which the Fruta del Norte deposit occurs.

Soil sampling is currently underway over the Crunchy Hill target and initial results are expected in early May.  It is anticipated that geochemistry from the soil survey will define zones that are enriched in volatile elements and these are likely to represent specific targets for scout drilling.  A man-portable diamond drill rig has been reserved from a contract company for scout drilling in the latter half of the year.

Latorre A Target

Additional stream sediment sampling in the Latorre A target area has detected elevated concentrations of naturally-occurring arsenic and antimony over an area approximately twice the size of the original target area (Fig. 1) reported in the Company’s press release dated February 28, 2018.  The target now covers an area of approximately 6 square kilometres.

The next step in the Latorre A target area is more detailed geological review followed by soil sampling at regular intervals along the crests of ridges – so-called ridge and spur soil sampling.  This cost-effective approach should define specific targets within the large area of anomalous arsenic and antimony.  This more detailed exploration is expected to result in the definition of additional targets for scout drilling.

Technical Information

The technical information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc., Aurania’s VP-Exploration.  Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania

Aurania is a junior exploration mining company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

Manager – Corporate & Investor Services

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir@aurania.com

Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer@aurania.com

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info@resource-capital.ch

www.resource-capital.ch

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

Forward-Looking Statements

This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Aurania’s company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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