Gold Port Selects Site Access Contractor

Executive Summary

• Gold Port Corporation has selected Jaisingh's Equipment Rental (JER) as the contractor to construct approximately 13 kilometers of road access, including bridges and drainage, to its Groete Gold Copper Project in Guyana.
• Completion of this site access is a prerequisite for the Company to deploy its new MP Power track-mounted core rig and initiate the next phase of the drill program.
• The project aims to enhance the existing NI 43-101 inferred resource, which previously defined 1.57 million gold equivalent ounces within 74 million tonnes at a grade of 0.66 g/t AuEq.

Key Details

• Contractor Selection: Jaisingh's Equipment Rental (JER) of Georgetown, Guyana, selected for heavy equipment and road construction services.
• Scope of Work: Construction of approximately 13 kilometers of dirt road access, including necessary bridge and drainage construction.
• Next Steps: Upon completion of site access, the Company will move in its new MP Power track-mounted core rig to begin drilling.
• Project Context: The Groete Gold Copper Project is 100% owned by Gold Port Corporation.
• Historical Resource Data: The last exploration in 2012 defined an Inferred Mineral Resource of 1.57 million gold equivalent ounces (gold plus copper) within 74 million tonnes at 0.66 g/t gold equivalent.
• Resource Parameters: The previous estimate used a cut-off grade of 0.25 g/t gold equivalent, a gold price of US$1,275/oz, and a copper price of US$3.00/lb.
• Technical Report: Details are contained in the NI 43-101 report by P&E Mining Consultants Inc., dated April 16, 2019.

Notable Quotes

• "Gold Port Corporation is pleased to announce that it has selected Jaisingh's Equipment Rental ("JER") of Georgetown Guyana for the construction of road access to the Groete Gold Copper Project."