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Endurance Gold Corporation

Publié le 29 juin 2016

Endurance Announces Update On Rattlesnake Hills District, Wyoming

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Endurance Announces Update On Rattlesnake Hills District, Wyoming

Endurance Gold Corporation (EDG -- TSX.V, 'Endurance' or the 'Company') is pleased to provide an update with respect to the Company's shareholding investment in GFG Resources (US) Inc., a private Nevada corporation ('GFG US'). GFG US owns and/or controls, subject to underlying royalties, an undivided 100% interest in the Rattlesnake gold exploration project comprised of 1,281 unpatented lode mining claims and seven (7) state fee land leases totaling approximately 26,500 acres in the Rattlesnake Hills District, Natrona County, Wyoming, located approximately 100 kilometres southwest of Casper in central Wyoming, USA.

In 2015, GFG US acquired Endurance's 100-per-cent interest in the Company's Rattlesnake Hills property through the payment of US$150,000 in cash to Endurance, and the issuance of 1,400,000 GFG US shares to Endurance (850,000 GFG shares issued on closing and the balance of 550,000 GFG US shares subject to issuance) (the 'Endurance Sale Transaction'). Additional bonus share payments totaling 750,000 GFG US shares are payable under certain circumstances. Endurance retains a 2% net smelter returns royalty ('Endurance Royalty') on Endurance's former mining claims. GFG US can purchase one half of the Endurance Royalty on or prior to December 31, 2017 for a cash payment of US$750,000, and thereafter, at any time, for a cash payment of US$1,500,000. In a separate 2015 transaction GFG US also acquired the adjoining Rattlesnake Hills property and gold discoveries at North Stock, Antelope Basin, South Stock, and Black Jack from Evolving Gold Corporation.

As per the terms of the Endurance Sale Transaction, GFG US had agreed to seek a listing of GFG US shares on a public exchange. On June 27, 2016, Crest Petroleum Corp. ('Crest') announced that it had signed a binding letter of intent (the 'LOI') with GFG Resources Inc. ('GFG Resources') to acquire 100% of the issued and outstanding shares of GFG Resources ('GFG Shares') in exchange for shares of Crest ('Crest Shares') that will result in a reverse takeover of Crest, a capital pool company, by the shareholders of GFG Resources (the 'RTO Transaction'). GFG Resources is a private British Columbia company that has reached an agreement in principle to acquire all of the issued and outstanding shares of GFG US ('GFG US Acquisition') in exchange for common shares of GFG Resources, on a one share for one share equivalent basis.

In conjunction with the GFG US Acquisition, GFG Resources has raised approximately US$3,700,000, by way of a private placement of up to 14,800,000 common shares at a price of US$0.25 per share, (the 'GFG Financing'). Upon completion of the GFG US Acquisition and the GFG Financing it is anticipated that there will be approximately 35,114,250 GFG Shares issued and outstanding.

Under the RTO Transaction the shareholders of GFG Resources (the 'GFG Shareholders') will exchange all GFG Shares for common shares of Crest ('Crest Shares') on a one GFG Share for one Crest Share basis.

For further details and conditions of the RTO Transaction please refer to the June 27, 2016 press release issued by Crest.

Ownership of GFG and Capitalization of Resulting Issuer

Endurance is currently one of the 50 registered shareholders of GFG US and upon completion of the Endurance Sale Transaction, the GFG US Acquisition, and the GFG Financing, it is anticipated that there will be approximately 35,114,250 GFG Shares outstanding. As part of completing the GFG US Acquisition, the Company has assumed that the 550,000 GFG US shares that are subject to issuance, will be issued to Endurance before the completion of the RTO Transaction.

There are currently 4,750,000 common shares of Crest issued and outstanding such that upon completion of the RTO Transaction there will be approximately 39,864,250 common shares of the Resulting Issuer outstanding.

As a result of the Transaction Endurance will own 1,400,000 shares of the Resulting Issuer or about 3.5% of the Resulting Issuer.

Upon completion of the RTO Transaction the Resulting Issuer's board will include Brian Skanderbeg, (who will also become the President and Chief Executive Officer), Jonathan Awde, President of GFG US and President of Gold Standard Ventures Corp, Patrick Downey, and Stephen de Jong, CEO of Integra Gold Corp.

About Endurance

Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits. The Company's exploration focus, for projects operated by Endurance, is intrusive-related mineral systems with potential for discovery of major new precious or rare metals deposits, and its business plan offers shareholders exposure to several majority-owned exploration projects with significant discovery potential such as the Elephant Mountain Gold Property in Alaska. The company also owns 35.5% in the Pardo joint venture, a Precambrian-aged paleoplacer gold system, in Ontario.

Please visit www.endurancegold.com.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

FOR FURTHER INFORMATION, PLEASE CONTACT

Endurance Gold Corporation
(604) 682-2707, [email protected]
www.endurancegold.com

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. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.

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Endurance Gold Corporation

EXPLORATEUR
CODE : EDG.V
ISIN : CA29267M1086
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Endurance Gold est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont CARTER en USA et ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO et DOGPAW LAKE au Canada.

Endurance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 34,9 millions CA$ (27,9 millions US$, 24,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 16 janvier 2009 à 0,01 CA$, et son plus haut niveau récent le 26 février 2021 à 0,44 CA$.

Endurance Gold possède 101 090 000 actions en circulation.

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Financements de Endurance Gold Corporation
23/07/2016Closes First Tranche of Private Placement
27/02/2014Close First Tranche of Private Placement
18/02/2014Announces Private Placement of $300,000
11/07/2013Closes Private Placement of $500,000
12/06/2013Announces Private Placement Of $500,000
25/05/2012Closes Private Placement Of $500,000
11/05/2012Announces Private Placement Financing
10/08/2011Closes Private Placement Of $350,000
02/08/2011Increases Private Placement
25/07/2011Announces Private Placement of $250,000
18/02/2011Announces Private Placement of $540,000
31/03/2010Shareholders Exercise 95 Percent Of Expiring Warrants
Nominations de Endurance Gold Corporation
29/04/2011Robert Pease Appointed To Board Of Directors
11/10/2007 Appoints Robert Boyd to Board of Directors
Rapports Financiers de Endurance Gold Corporation
22/08/2007Reports 2007 Second Quarter Financial Results and Summary of...
Projets de Endurance Gold Corporation
21/11/2013Completes 2013 Rattlesnake Hills Exploration Program in Wyom...
28/10/2013(Pardo)Responds To Arbitration Notice Respecting The Pardo Joint V...
24/09/2013(Pardo)Final Gold Assays At 007 And Eastern Reef Zones Pardo Gold J...
03/09/2013Initiates 2013 Rattlesnake Hills Exploration Program, Wyomin...
10/04/2013Significantly Expands Rattlesnake Hills Gold District Proper...
04/04/2013Partner Proceeds with McCord Creek Gold Property Option, Ala...
21/01/2013(Bandito)to Acquire 100% Interest in the Bandito Heavy Rare Earth Nio...
11/09/2012(Pardo)Drilling Commences on Pardo Gold Joint Venture, Ontario
01/08/2012Doubles Size of McCord Creek Gold Property, Alaska
02/05/2012Identifies Partner To Fund The McCord Creek Gold Property, L...
25/04/2012Soil Anomalies Discovered on the McCord Creek Property, Live...
29/03/2012(Pardo)Enters Into Joint Venture On Pardo Gold, Ontario
27/02/2012Expands Land Position on Elephant Gold Prospect, Alaska
19/09/2011(Bandito)Drilling Commenced on the Bandito Property
08/09/2011(Bandito)Copper, Rare Earth and Niobium Prospects Discovered Bandito ...
17/08/2011Exploration Commenced on the Mccord Creek Gold Property, Liv...
25/07/2011(Bandito)Exploration Commenced On The Bandito Rare Earth And Nickel P...
03/03/2011(Bandito)Additional Staking Further Increases Size of the Bandito Pro...
24/08/2010(Dogpaw Lake)New High Grade Gold Zone Discovered on Dogpaw Lake Joint Ven...
29/06/2010(Pardo)2010 Drilling Commenced
13/01/2010Ginguro Reports High Grade Grab Sample Results On Endurance ...
23/11/2009(Nechako)Nechako Drill Program Results
27/10/2009(Nechako)Completes Drilling on the Nechako Gold Project, B.C., and Ge...
18/08/2009(Pardo)Commences Work On Endurance Pardo Property
20/02/2008(Pardo)Pardo Cyanide Leach and Screen Fire Metallic Analytical Resu...
Communiqués de Presse de Endurance Gold Corporation
23/07/2016Endurance Closes First Tranche of Private Placement
30/06/2016Endurance Gold Announces Private Placement of $500,000
29/06/2016Endurance Announces Update On Rattlesnake Hills District, Wy...
26/05/2016Endurance Announces Grant Of Stock Options
20/10/2015Endurance Confirms No Material Change
13/10/2015Endurance Closes the Sale of Rattlesnake Hills Property, Wyo...
10/08/2015Endurance Announces Sale of Rattlesnake Hills Property, Wyom...
11/06/2015Exploration Commenced - Elephant Mountain Intrusive-Hosted G...
20/04/2015Significant Intrusive-Hosted Gold Targets Confirmed - Elepha...
07/04/2015Endurance Gold Announces Private Placement of $500,000
10/03/2015Endurance Announces Start Of Drilling - Pardo JV, Ontario
20/01/2015Endurance Announces Winter Drill Program - Pardo JV, Ontario
15/01/2015Endurance Announces Winter Drill Program - Pardo Jv, Ontario
20/11/2014Endurance Provides Update From The Pardo Joint Venture, Onta...
20/11/2014Endurance Provides Update from the Pardo Joint Venture, Onta...
30/10/2014Endurance Closes Private Placement Of $650,000
20/10/2014Endurance Provides Further Update From The Godzilla Zone, Pa...
16/10/2014Endurance Announces Re-Pricing And Increase Of Private Place...
29/09/2014Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from...
13/01/2014Encouraging Gold Results In Intrusive - Elephant Mountain Go...
19/12/2013(Pardo)Pardo JV Operator Provides Clarifying Disclosure on Eastern ...
03/12/2013Serves Defense and Counterclaim - Arbitrator Appointed
06/09/2013(Pardo)Further Results At Eastern Reef Zone Discovery, Pardo Gold J...
29/08/2013(Pardo)Further High Grade Gold at 007 Zone Discovery, Pardo Gold Jo...
15/08/2013(Pardo)New High Grade Gold Discoveries On Pardo Gold Joint Venture,...
05/11/2012(Bandito)New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Y...
27/09/2012Wide Low Grade Gold Zone Discovered on Flint Lake (Dogpaw) J...
09/01/2012Acquires Intrusive-Hosted Gold Prospect In Alaska
12/10/2011Trench Returns 2.65% Treo+Y over 6 Meters
01/06/2011(Bandito)2011 Bandito Rare Earth and Nickel Program Initiated
24/05/2011(Bandito)Bandito Rare Earth Alteration System Expanded Nine Square Ki...
11/05/2011Creates Technical Advisory Committee
17/03/2011Closes Private Placement Of $540,000
12/04/2010President and CEO Duncan McIvor Passes away
13/11/2009Granted State Leases Totaling An Additional 2,560 Acres In R...
26/06/2009Identifies Gold Mineralization On 100% Owned Gold Properties...
01/02/2008Virginia Silver Property Optionor Mega Silver Inc. Completes...
28/01/2008 Retains Renmark Financial Communications Inc.
05/11/2007 Commences Aerial Survey Of Pardo Property; Provides Turner ...
20/08/2007Completes 56 Holes at Pardo
12/07/2007Moves Drill To Pardo For 80 Hole Program
24/05/2007Stakes Additional Claims Near Pardo And Turner Properties
28/03/2007Stakes Additional 175 Claim Units Around Turner Property
28/03/2007Options Remaining Dogpaw Lake Area Claims To North American ...
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