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News Releases

Minaurum Announces C$5,000,000 Marketed Offering

May 4, 2020

Minaurum Gold Inc. (“Minaurum” or “Company”) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. (“Clarus”) on behalf of a syndicate of agents (collectively with Clarus, the “Agents”), whereby the Agents will raise up to C$5,000,000 (the “Offering”) through an Offering of up to 12,500,000 units of the Company (the “Units”) to be priced at C$0.40 per Unit.  Each Unit is comprised of one common share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”), with each Warrant entitling the holder to purchase one Common Share at an exercise price of $0.60 for 24 months following the completion of the Offering.

The proceeds raised from the Offering will be used by Minaurum for the exploration of the Alamos Silver project and for working capital purposes.

The Offering is scheduled to close on or about May 28, 2020, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The securities to be issued under this Offering will be offered by way of private placement exemptions in all the provinces of Canada. The Units to be issued under this Offering will also be offered offshore, including in the United Kingdom pursuant to applicable exemptions and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the issuer and its management, as well as financial statements.

Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is a Mexico-focused explorer concentrating on the high-grade Alamos Silver Project in southern Sonora.  With a property portfolio encompassing multiple additional district-scale projects, Minaurum is managed by one of the strongest technical and finance teams in Mexico. Minaurum's goal is to continue its founders' legacy of creating shareholder value by making district-scale mineral discoveries and executing accretive mining transactions. For more information, please visit our website at www.minaurum.com and our YouTube Minaurum Video Channel.

ON BEHALF OF THE BOARD

Darrell A. Rader

Darrell A. Rader
President and CEO

For more information, please contact:
Sunny Pannu – Investor Relations Manager
(778) 330 0994 or via email at pannu@minaurum.com         

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.


2300 – 1177 West Hastings Street
Vancouver, BC V6E 2K3
Telephone 778 330-0994
www.minaurum.com 
info@minaurum.com

Cautionary Note Regarding Forward Looking Statements:  Certain disclosures in this release constitute forward-looking information.  In making the forward-looking statements in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum’ s current beliefs as well as assumptions made by and information currently available to Minaurum. Although Minaurum 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.  Readers are cautioned not to place undue reliance on forward-looking statements.  Minaurum 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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