Gold Port arranges $1.28-million private placement

Mr. Adrian Hobkirk reports GOLD PORT ADVANCES EXPLORATION MOMENTUM WITH NEW PRIVATE PLACEMENT Gold Port Corp. has arranged a non-brokered private placement of up to 17.1 million units at a price of 7.5 cents per unit for gross proceeds of up to $1,282,500. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 10 cents, valid for five years from the date of closing. All securities issued will be subject to a statutory hold period of one year. No finders' fees will be paid in connection with this financing. The offering remains subject to regulatory approval, including that of the TSX Venture Exchange. Proceeds from the placement will be directed toward advancing the company's 100-per-cent-owned Groete gold-copper project in Guyana, South America. The Groete project currently hosts a National Instrument 43-101 inferred resource of 1.57 million ounces copper-gold equivalent and offers significant potential for expansion. An initial drill campaign of up to 10,000 metres is planned, aimed at both upgrading the existing inferred resource to the measured and indicated categories and testing new target zones. The company owns a Multi-Power Products Discovery I core rig, along with all necessary support supplies, and will mobilize to the site once road access is complete. To support the field program, the company has also secured a fully modular camp system to provide improved on-site working conditions. The Groete gold-copper project is strategically located with excellent accessibility through the Essequibo River system. With recent gold prices exceeding $4,000 (U.S.) per ounce and the historical resource calculated using $1,275 (U.S.) per ounce gold, the project represents a strong value opportunity in the current metals market. 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. About Gold Port Corp. Gold Port Resources is focused on the further exploration and development of the 100-per-cent-owned Groete gold-copper project, located in Guyana, South America. The current focus of the company is to enhance the NI 43-101 inferred gold-copper resource defined at the project to a higher resource classification and to potentially expand the total mineral inventory. The project was last explored in 2012, which included a drill program that allowed the calculation of an inferred mineral resource of 1.57 million gold equivalent ounces (gold plus copper) within 74 million tonnes at a grade of 0.66 gram per tonne gold-copper equivalent. A cut-off grade of 0.25 gold equivalent gram per tonne, a gold price of $1,275 (U.S.) per ounce and a copper price of $3 (U.S.) per pound were used in the calculation of the inferred mineral resource. Details of the mineral resource are contained in a NI 43-101 report titled "Technical Report and Updated Mineral Resource Estimate on the Groete Gold Copper Deposit, Groete Property, Guyana, South America," prepared by P&E Mining Consultants Inc., dated April 16, 2019, available on SEDAR+ and the company's website. We seek Safe Harbor.