Integra Gold Corp.

Published : October 16th, 2015

Integra Gold Comments on Trading Volume and Provides Update on Recent Warrant Exercise

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Integra Gold Comments on Trading Volume and Provides Update on Recent Warrant Exercise

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P.O Box 11144, Royal Centre

#2270 -1055 West Georgia Street Vancouver, BC Canada, V6E 3P3 Email: [email protected]



FOR IMMEDIATE RELEASE TSX-V: ICG; OTCQX: ICGQF

October 16, 2015 www.integragold.com


Integra Gold Comments on Trading Volume and Provides Update on Recent Warrant Exercise

(All figures are in Canadian dollars unless otherwise indicated)


Integra Gold Corp. (TSX-V: ICG) ('Integra' or the 'Company') is pleased to announce that all 25 million shares held by Samson Bélair/Deloitte & Touche Inc. acting as Receiver of Century Mining Corp. (the 'Receiver') in connection with the Company's October 2014 acquisition of the Sigma-Lamaque Milling Facility, at the time at representing a 12.9% stake in the Company, have now been acquired by a group of international institutional shareholders. Yesterday the Company and the Receiver mutually agreed to waive the lock-up period associated with the last block of shares (8,333,334 shares) due to investor demand. The Receiver is no longer a shareholder of the Company.


Sigma-Lamaque Milling Facility Acquisition Shares


In October 2014, the Company completed the acquisition of the Sigma-Lamaque Milling Facility and Mines adjacent to its Lamaque South Project in Val-d'Or, Québec. The total purchase price was comprised of $1.8 million in cash and 25 million common shares of Integra.


'The mill acquisition completed in 2014 was a transformative event for the Company and we are happy to announce that all stock issued in connection with the acquisition is now in the hands of international institutional shareholders. Deloitte has been an excellent partner throughout the negotiation and transfer process regarding the Sigma-Lamaque acquisition and worked cooperatively with us following the acquisition to sell their shares in an orderly manner. Considering that the transaction was initially completed at a share price of $0.23 per share, we maintain that the deal provided a winning outcome for all parties involved,' commented Company President and CEO, Stephen de Jong. 'With the pending sale of the Receiver's shares no longer a factor in our Company's valuation, we look forward to a busy 2015 and beyond as we continue to build value for our shareholders.'


Warrant Exercise


In addition, the Company is pleased to announce that it has received gross proceeds of $2.4 million as a result of the exercise of share purchase warrants at prices ranging between $0.23 and $0.30 amounting to 9.8 million shares in total. This brings the Company's current cash position to $24 million. The Company also anticipates receiving $0.9 million in Quebec provincial government rebates in 2015 and an additional $2.1 million in 2016. The warrant exercise represents a strong vote of confidence from warrant holders and, following the $14.6 million strategic investment by Eldorado Gold Corp. completed in August 2015, it significantly boosts Integra's treasury and provides additional financial capacity to advance the Lamaque South Project.

- 2 -


Project and Company Profile


Integra's Lamaque South Gold Project and Sigma-Lamaque Mill and Mine Complex are located directly east from the city of Val-d'Or along the prolific Abitibi Greenstone belt in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Québec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.


The Company's primary focus is on exploring and subsequently developing, subject to further underground exploration and other factors, its high-grade Lamaque South project. The Lamaque South property is divided into three clusters, the North, South and West cluster. The primary targets are the high-grade Parallel Zone in the North Cluster and the Triangle Zone in the South Cluster. The recently acquired Sigma Mill, located 1 kilometer from the Parallel Zone and 3 kilometers from the Triangle Zone, is a fully-permitted, 2,200 tonne per day mill and tailings facility.


ON BEHALF OF THE BOARD OF DIRECTORS


Stephen de Jong

CEO & President


CONTACT INFORMATION

Corporate Inquiries: Chris Gordon: [email protected]

Or visit the company website: www.integragold.com


Follow Integra Gold On:


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 news release.


Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward-looking statements, including timing of completion of an updated resource estimate, timing of completion of an updated PEA and completion of the Sigma-Lamaque transaction. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals, that the Company is able to procure personnel, equipment and supplies required for its exploration and development activities in sufficient quantities and on a timely basis and that actual results are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those matters identified in its continuous disclosure filings, including its most recently filed MD&A. Readers are cautioned not to place undue reliance on forward-looking statements. 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.

Read the rest of the article at www.noodls.com
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Integra Gold Corp.

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CODE : ICG.V
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Integra Gold is a gold exploration company based in Canada.

Integra Gold holds various exploration projects in Canada.

Its main exploration properties are CHAPLEAU, WAWA, CLAW LAKE, AIRPORT, BLACK LAKE and LAMARQUE PROJECT in Canada.

Integra Gold is listed in Canada. Its market capitalisation is CA$ 407.6 millions as of today (US$ 321.3 millions, € 278.6 millions).

Its stock quote reached its highest recent level on March 13, 1998 at CA$ 9.50, and its lowest recent point on November 28, 2008 at CA$ 0.10.

Integra Gold has 479 529 984 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Financings of Integra Gold Corp.
9/5/2013Closes Private Placement for Total Proceeds of $4,361,075
8/12/2013Closes First Tranche and Increases Private Placement to $3,2...
Nominations of Integra Gold Corp.
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1/22/2013Appoints George Salamis to Board of Directors
Project news of Integra Gold Corp.
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6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
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6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
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6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
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Corporate news of Integra Gold Corp.
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6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
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6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
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3/30/2015Integra Gold SEDAR Files NI 43-101 Technical Report for the ...
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3/2/2015Integra Gold Files PEA Technical Report on SEDAR
2/20/2015Integra Gold Appoints Charles Oliver to Board of Directors
2/20/2015Integra Gold Appoints Charles Oliver to Board of Directors
2/11/2015IIROC Trading Resumption - ICG
2/10/2015Integra Gold Increases Lamaque South Indicated Resource to 1...
2/10/2015IIROC Trading Halt - ICG
1/28/2015Integra Gold Mobilizes Four Drill Rigs, Outlines 50,000 Mete...
1/13/2015Integra Gold Announces Updated PEA Incorporating Acquisition...
1/13/2015Integra Gold Announces Updated PEA Incorporating Acquisition...
1/13/2015Announces Updated PEA Incorporating Acquisition of Sigma/Lam...
1/7/2015Integra Gold Announces Drill Results from 2014 Fortune and N...
1/7/2015Integra Gold Announces Drill Results From 2014 Fortune and N...
12/30/2014Integra Gold Corp. Closes $8.2 Million Bought Deal Offering
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12/2/2014Integra Gold Condemnation Drilling Discovers Triangle Zone E...
12/2/2014Integra Gold Condemnation Drilling Discovers Triangle Zone E...
11/14/2014Integra Gold Clarifies Technical Disclosure
9/25/2013Increases Indicated Resources 304% at the Lamaque Gold Proje...
9/18/2013Receives $752,094 Quebec Resource Tax Rebate
8/28/2013Closes $542,210 Second Tranche
7/31/2013Adds Second Drill to Lamaque Gold Project, Commences 5,000 M...
7/25/2013Reports Increase in Gold Recovery to 96% for South Cluster S...
7/17/2013Commences Drill Program on New Geophysical Target 500 Meters...
6/5/2013Intersects 8.86 g/t Gold Over 8.3 m and 81.62 g/t Gold Over ...
5/1/2013Reports Up to 98% Gold Recovery from Phase 1 Metallurgical T...
4/23/2013Intersects 7.1 g/t Gold Over 19.5 Meters, Widest Intercepts ...
4/4/2013Intersects 5.2 g/t Gold Over 13 Meters at Triangle Zone, Lam...
3/20/2013Commissions AMEC to Conduct Environmental Baseline Study and...
2/20/2013Performs Metallurgical Testing at Lamaque Gold Project, Val ...
1/28/2013Commences Drilling at Triangle Zone, Provides Project Update...
10/24/2012Commences 10,000 Meter Drill Program on the No. 5 Plug at La...
10/10/2012Intersects 48.7 g/t Gold Over 2 m, 29.07 g/t Gold Over 2 m, ...
9/13/2012Increases and Closes Second and Final Tranche for Total Proc...
7/12/2011Intersects 23.3 g/t Gold Over 5.4 Meters at the Triangle Zon...
6/27/2011Announces Lamaque Gold Project NI 43-101 Mineral Resource Es...
5/13/2011Provides Corporate Update
4/26/2011Intersects 36.55 g/t Gold Over 4.5 Meters at the Triangle Zo...
4/5/2011Intersects 14.7 g/t Gold Over 3.5 Meters at the No. 5 Plug o...
2/17/2011Commences 20,000 Meter Drill Program at Lamaque
1/28/2011Integra Gold Corp. 2011 Corporate Update
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TSX-V (ICG.V)
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