Gold Port Increases its Non-Brokered Private Placement

Executive Summary

• Gold Port Corporation has increased the size of its non-brokered private placement to up to 20,000,000 units due to high demand, raising the gross proceeds potential to $1,500,000.
• The offering consists of units priced at $0.075 per unit, with each unit comprising one common share and one transferable common share purchase warrant.
• Proceeds will be used to advance the company's 100%-owned Groete Gold Copper Project in Guyana, South America.

Key Details

• Offering Size: Increased to up to 20,000,000 units.
• Price: $0.075 per Unit.
• Gross Proceeds: Up to $1,500,000.
• Structure: Each Unit consists of one common share and one transferable common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one additional share at an exercise price of $0.10 per share for a period of three (3) years from the closing of the private placement.
• Use of Proceeds: Advancing the Groete Gold Copper Project in Guyana.
• Regulatory Conditions: Subject to approval of the Canadian Securities Exchange (CSE).
• Hold Period: Securities issued are subject to a company hold period expiring twelve months from the date of closing.
• Finder’s Fees: The Company may pay finders' fees to eligible finders in accordance with applicable securities laws and CSE policies.
• Project Resource Data: The Groete Project hosts a NI 43-101 Inferred resource of 1.57 million gold equivalent ounces (gold plus copper) within 74 million tonnes, at a grade of 0.66 grams per tonne gold copper equivalent.
• Resource Assumptions: Calculated using a cut-off grade of 0.25 gold equivalent grams per tonne, a gold price of US$1,275 per ounce, and a copper price of US$3.00 per pound. The resource calculation dates back to 2012.

Notable Quotes

• "Gold Port remains focused on unlocking the full potential of the Groete Gold Copper Project and creating long-term value for shareholders through resource growth from responsible exploration." — Adrian F. C. Hobkirk, President, CEO and Director