Palladium One Mining Inc. (NKORF)(PDM:CA) – Shaping Up to be a Promising Open Pit Scenario

Posted on April 16, 2021 by Admin

Friday, April 16, 2021

Palladium One Mining Inc. (NKORF)(PDM:CA)
Shaping Up to be a Promising Open Pit Scenario

Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Phase II drilling program at the LK Project. In November 2020, the company began its 17,500-meter Phase II resource definition drilling program at its palladium-dominant Lantinen Koillismaa (LK) project in Finland. To date, 46 holes, representing 9,220 meters of drilling have been completed at Kaukua South. Results for 29 drill holes have been released, while 17 are pending. Drilling has focused on defining mineralization to a depth of 200 meters and continues to affirm continuity of near surface open pit grades and widths. Drilling at greater depth has also returned impressive results as demonstrated by Hole LK21-061 which returned 2.32 grams of palladium equivalent at 203.2 meters to 250.0 meters depth. Drilling has been paused for the spring thaw and is scheduled to resume in mid-May.

Opportunity for a deeper open pit mine. Kaukua South consists of two mineralized zones. The upper zone typically returns higher Cu-Ni values and lower PGE grades. While less continuous than the lower zone, it exhibits greater widths. The continuous lower zone, the focus of the drilling program, is like the Kaukua deposit with high PGE tenors. Management plans to increase the average drilling depth …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.

Release – Sierra Metals Inc. (SMT:CA)(SMTS) – Reports First Quarter 2021 Production Results

Posted on April 16, 2021 by Admin

Sierra Metals Reports First Quarter 2021 Production Results

Maintaining Full-Year 2021 Production Guidance

(All metal prices reported in USD)

TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces first quarter 2021 production results featuring 4.5% growth of consolidated ore throughput.

Results are from Sierra Metals’ three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver mines in Mexico.

First Quarter 2021 Production Highlights

Silver production of 1.0 million ounces; a 1% increase from Q1 2020
Copper production of 7.9 million pounds; a 33% decrease from Q1 2020; mainly due to a temporary shift from copper-rich zones to lower grade polymetallic areas at Yauricocha caused by temporary operational challenges.
Lead production of 9.0 million pounds; a 1% decrease from Q1 2020
Zinc production of 24.1 million pounds; an 11% increase from Q1 2020
Gold production of 2,636 ounces; a 28% decrease from Q1 2020
Copper equivalent production of 25.5 million pounds; an 18% decrease from Q1 2020
Record quarterly throughput of 3,728 tpd at the Yauricocha Mine

The Yauricocha Mine achieved 14% higher throughput as compared to Q1 2020 despite the various operational challenges still posed by the COVID-19 pandemic. Lower grades for all metals negated the impact of higher throughput resulting in a 21% decrease in copper equivalent pounds produced during Q1 2021 compared to Q1 2020.

At Bolivar, a 2% decrease in throughput combined with lower grades for all metals resulted in a 20% decrease in copper equivalent pounds produced during Q1 2021 as compared to Q1 2020. At Cusi, 30% higher silver grades offset the impact of 2% lower throughput in Q1 2021 as compared to Q1 2020, resulting in 17% higher silver equivalent Q1 2021 production.

Luis Marchese, CEO of Sierra Metals, commented, “The health and safety of our work force and surrounding communities continues to be of the upmost importance and we continue to manage the implications of COVID-19 using best practices with a goal of avoiding any mine closures, while continuing to aim for production targets.”

He continued,“Facing ongoing operational difficulties due to Covid-19 in Peru and México, the Company performed relatively well during the first quarter with a 4.5% increase in consolidated throughout as well as record quarterly throughput at Yauricocha. These results were despite of other additional challenges, including a power failure at the Cusi Mine resulting from the large scale power outage originating in Texas. Additionally, at Yauricocha we experienced some operational issues at the Esperanza Zone which provides most of the copper ore for the mine. However, these have since been resolved and normal operations have resumed. Furthermore, the annual production guidance previously provided remains in place without any changes.”

He concluded,“The coming months continue to look challenging for the Company due to Covid-19 operational constraints at all mines but particularly in Peru. We expect to improve upon the first quarter production results and continue to work on completion of Preliminary Feasibility Studies for all three mines building upon the positive Preliminary Economic Assessments released in 2020. Brownfield and Greenfield Exploration continues, and we strive to optimize and improve operations with an aim of reducing costs where possible at all mines.”

Consolidated Production Results

Consolidated Production	Q1 2021	Q1 2020	% Var.

Tonnes processed	774,421	740,698	5%
Daily throughput	8,851	8,465	5%


Silver production (000 oz)	961	948	1%
Copper production (000 lb)	7,895	11,775	-33%
Lead production (000 lb)	9,004	9,079	-1%
Zinc production (000 lb)	24,123	21,646	11%
Gold Production (oz)	2,636	3,657	-28%


Silver equivalent ounces (000’s)⁽¹⁾	3,741	4,749	-21%
Copper equivalent pounds (000’s)⁽¹⁾	25,496	31,182	-18%
Zinc equivalent pounds (000’s)⁽¹⁾	79,778	84,477	-6%

^{(1) Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2021 were calculated using the following realized prices: $26.44/oz Ag, $3.88/lb Cu, $1.24/lb Zn, $0.92/lb Pb, $1,778/oz Au. Silver equivalent ounces and copper and zinc equivalent pounds for Q1 2020 were calculated using the following realized prices: $16.57/oz Ag, $2.53/lb Cu, $0.93/lb Zn, $0.80/lb Pb, $1,585/oz Au.}

Yauricocha Mine, Peru

The Yauricocha Mine processed 326,211 tonnes during Q1 2021, which is a 14% increase from Q1 2020, despite continuing to face various COVID-19 related operational challenges during the quarter.

Negative variances in grades resulted from the irregular contribution from the high-grade cuerpos chicos zones,due to lack of development as well as operational issues at the copper rich Esperanza Zone which has subsequently been corrected This led to a higher proportion of ore coming from the low-grade larger ore bodies. Q1 2021 metal production was 50%, 29% and 9% lower for copper, gold and silver respectively, while zinc and lead production were 11% and 1% higher as compared to Q1 2020.

A summary of production from the Yauricocha Mine for Q1 2021 is provided below:

Yauricocha Production	Q1 2021	Q1 2020	% Var.

Tonnes processed	326,211	285,225	14%
Daily throughput	3,728	3,260	14%


Silver grade (g/t)	54.34	65.86	-17%
Copper grade	0.56%	1.14%	-51%
Lead grade	1.34%	1.56%	-14%
Zinc grade	3.71%	3.91%	-5%
Gold Grade (g/t)	0.43	0.69	-38%

Silver recovery	79.05%	82.01%	-4%
Copper recovery	66.26%	75.42%	-12%
Lead recovery	90.16%	87.91%	3%
Zinc recovery	90.34%	87.96%	3%
Gold Recovery	19.77%	19.89%	-1%


Silver production (000 oz)	451	495	-9%
Copper production (000 lb)	2,682	5,384	-50%
Lead production (000 lb)	8,706	8,608	1%
Zinc production (000 lb)	24,123	21,646	11%
Gold Production (oz)	890	1,254	-29%


Copper equivalent pounds (000’s)⁽¹⁾	15,937	20,147	-21%
Zinc equivalent pounds (000’s)⁽¹⁾	49,867	54,605	-9%

Bolivar Mine, Mexico

Mining operations at Bolivar in Q1 2021 were impacted by the lack of manpower due to COVID-19 and bad weather earlier during the quarter. As a result, the Bolivar mine processed 371,608 tonnes in Q1 2021, representing a 2% decrease from Q1 2020. Head grades were also impacted by delays in development attributable to COVID-19 issues. Grades for copper, silver and gold were 13%, 7% and 32% lower respectively, as compared to Q1 2020. The decrease in throughput and grades resulted in a 20% decrease in copper equivalent pounds produced during Q1 2021 as compared to Q1 2020. In Q1 2021, copper production decreased by 18% to 5.2 million pounds, silver production decreased 6% to 0.2 million ounces, and gold production decreased 27% to 1,591 ounces compared to Q1 2020.

A summary of production for the Bolivar Mine for Q1 2021 is provided below:

Bolivar Production	Q1 2021	Q1 2020	% Var.

Tonnes processed (t)	371,608	377,562	-2%
Daily throughput	4,247	4,315	-2%


Copper grade	0.77%	0.89%	-13%
Silver grade (g/t)	19.68	21.09	-7%
Gold grade (g/t)	0.19	0.28	-32%

Copper recovery	82.80%	85.91%	-4%
Silver recovery	83.60%	82.01%	2%
Gold recovery	69.60%	63.89%	9%


Copper production (000 lb)	5,213	6,391	-18%
Silver production (000 oz)	197	210	-6%
Gold production (oz)	1,591	2,191	-27%


Copper equivalent pounds (000’s)⁽¹⁾	7,285	9,147	-20%

Cusi Mine, Mexico

Operating at an average throughput of 875 tpd, Cusi processed 2% lower tonnes of ore in Q1 2021 as compared to Q1 2020. Silver grades were 30% higher than Q1 2020 as mining continued in the high-grade Northeast Southwest vein system. Silver production increased 29% to 0.3 million ounces, but gold and lead production were 27% and 37% lower due to lower grades for these metals. Additionally, production was impacted by the large scale power outage originating in Texas that was experienced during the quarter. Silver equivalent ounces produced for the quarter increased to 336,000 ounces or 17% higher as compared to Q1 2020.

A summary of production for the Cusi Mine for Q1 2021 is provided below:

Cusi Production	Q1 2021	Q1 2020	% Var.

Tonnes processed (t)	76,602	77,911	-2%
Daily throughput	875	890	-2%


Silver grade (g/t)	157.22	120.88	30%
Gold grade (g/t)	0.16	0.18	-11%
Lead grade	0.22%	0.33%	-33%

Silver recovery (flotation)	80.91%	80.21%	1%
Gold recovery (lixiviation)	39.57%	46.53%	-15%
Lead recovery	81.46%	84.17%	-3%


Silver production (000 oz)	313	243	29%
Gold production (oz)	155	212	-27%
Lead production (000 lb)	298	471	-37%


Silver equivalent ounces (000’s)⁽¹⁾	334	286	17%

Quality Control

All technical production data contained in this news release has been reviewed and approved by Americo Zuzunaga, FAusIMM (CP Mining Engineer) and Vice President of Corporate Planning is a Qualified Person and chartered professional qualifying as a Competent Person under the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Augusto Chung, FAusIMM (CP Metallurgist) and Vice President Special Projects and Metallurgy and a chartered professional qualifying as a Competent Person on metallurgical processes.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Toronto Stock Exchange and the Bolsa de Valores de Lima under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc | LinkedIn: Sierra Metals Inc | Instagram: sierrametals

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws related to the Company (collectively, “forward-looking information”). Forward-looking information includes, but is not limited to, statements with respect to the Company’s operations, including anticipated developments in the Company’s operations in future periods, the Company’s planned exploration activities, the adequacy of the Company’s financial resources, and other events or conditions that may occur in the future. Statements concerning mineral reserve and resource estimates may also be considered to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if and when the properties are developed or further developed. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in our Annual Information Form dated March 18, 2021 in respect of the year ended December 31, 2020 and other risks identified in the Company’s filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above is not exhaustive of the factors that may affect any of the Company’s forward-looking information. Forward looking information includes statements about the future and are inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

Mike McAllister
V.P., Investor Relations
Sierra Metals Inc.
+1 (416) 366-7777
Email: info@sierrametals.com

Luis Marchese
CEO
Sierra Metals Inc.
+1(416) 366-7777

Source: Sierra Metals Inc.

Sierra Metals Inc. (SMT:CA)(SMTS) – Reports First Quarter 2021 Production Results

Posted on April 16, 2021 by Admin

Sierra Metals Reports First Quarter 2021 Production Results

Maintaining Full-Year 2021 Production Guidance

(All metal prices reported in USD)

Results are from Sierra Metals’ three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver mines in Mexico.

First Quarter 2021 Production Highlights

Silver production of 1.0 million ounces; a 1% increase from Q1 2020
Copper production of 7.9 million pounds; a 33% decrease from Q1 2020; mainly due to a temporary shift from copper-rich zones to lower grade polymetallic areas at Yauricocha caused by temporary operational challenges.
Lead production of 9.0 million pounds; a 1% decrease from Q1 2020
Zinc production of 24.1 million pounds; an 11% increase from Q1 2020
Gold production of 2,636 ounces; a 28% decrease from Q1 2020
Copper equivalent production of 25.5 million pounds; an 18% decrease from Q1 2020
Record quarterly throughput of 3,728 tpd at the Yauricocha Mine

Consolidated Production Results

Consolidated Production	Q1 2021	Q1 2020	% Var.

Tonnes processed	774,421	740,698	5%
Daily throughput	8,851	8,465	5%


Silver production (000 oz)	961	948	1%
Copper production (000 lb)	7,895	11,775	-33%
Lead production (000 lb)	9,004	9,079	-1%
Zinc production (000 lb)	24,123	21,646	11%
Gold Production (oz)	2,636	3,657	-28%


Silver equivalent ounces (000’s)⁽¹⁾	3,741	4,749	-21%
Copper equivalent pounds (000’s)⁽¹⁾	25,496	31,182	-18%
Zinc equivalent pounds (000’s)⁽¹⁾	79,778	84,477	-6%

Yauricocha Mine, Peru

The Yauricocha Mine processed 326,211 tonnes during Q1 2021, which is a 14% increase from Q1 2020, despite continuing to face various COVID-19 related operational challenges during the quarter.

A summary of production from the Yauricocha Mine for Q1 2021 is provided below:

Yauricocha Production	Q1 2021	Q1 2020	% Var.

Tonnes processed	326,211	285,225	14%
Daily throughput	3,728	3,260	14%


Silver grade (g/t)	54.34	65.86	-17%
Copper grade	0.56%	1.14%	-51%
Lead grade	1.34%	1.56%	-14%
Zinc grade	3.71%	3.91%	-5%
Gold Grade (g/t)	0.43	0.69	-38%

Silver recovery	79.05%	82.01%	-4%
Copper recovery	66.26%	75.42%	-12%
Lead recovery	90.16%	87.91%	3%
Zinc recovery	90.34%	87.96%	3%
Gold Recovery	19.77%	19.89%	-1%


Silver production (000 oz)	451	495	-9%
Copper production (000 lb)	2,682	5,384	-50%
Lead production (000 lb)	8,706	8,608	1%
Zinc production (000 lb)	24,123	21,646	11%
Gold Production (oz)	890	1,254	-29%


Copper equivalent pounds (000’s)⁽¹⁾	15,937	20,147	-21%
Zinc equivalent pounds (000’s)⁽¹⁾	49,867	54,605	-9%

Bolivar Mine, Mexico

A summary of production for the Bolivar Mine for Q1 2021 is provided below:

Bolivar Production	Q1 2021	Q1 2020	% Var.

Tonnes processed (t)	371,608	377,562	-2%
Daily throughput	4,247	4,315	-2%


Copper grade	0.77%	0.89%	-13%
Silver grade (g/t)	19.68	21.09	-7%
Gold grade (g/t)	0.19	0.28	-32%

Copper recovery	82.80%	85.91%	-4%
Silver recovery	83.60%	82.01%	2%
Gold recovery	69.60%	63.89%	9%


Copper production (000 lb)	5,213	6,391	-18%
Silver production (000 oz)	197	210	-6%
Gold production (oz)	1,591	2,191	-27%


Copper equivalent pounds (000’s)⁽¹⁾	7,285	9,147	-20%

Cusi Mine, Mexico

A summary of production for the Cusi Mine for Q1 2021 is provided below:

Cusi Production	Q1 2021	Q1 2020	% Var.

Tonnes processed (t)	76,602	77,911	-2%
Daily throughput	875	890	-2%


Silver grade (g/t)	157.22	120.88	30%
Gold grade (g/t)	0.16	0.18	-11%
Lead grade	0.22%	0.33%	-33%

Silver recovery (flotation)	80.91%	80.21%	1%
Gold recovery (lixiviation)	39.57%	46.53%	-15%
Lead recovery	81.46%	84.17%	-3%


Silver production (000 oz)	313	243	29%
Gold production (oz)	155	212	-27%
Lead production (000 lb)	298	471	-37%


Silver equivalent ounces (000’s)⁽¹⁾	334	286	17%

Quality Control

Augusto Chung, FAusIMM (CP Metallurgist) and Vice President Special Projects and Metallurgy and a chartered professional qualifying as a Competent Person on metallurgical processes.

About Sierra Metals

The Company’s Common Shares trade on the Toronto Stock Exchange and the Bolsa de Valores de Lima under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc | LinkedIn: Sierra Metals Inc | Instagram: sierrametals

Forward-Looking Statements

Mike McAllister
V.P., Investor Relations
Sierra Metals Inc.
+1 (416) 366-7777
Email: info@sierrametals.com

Luis Marchese
CEO
Sierra Metals Inc.
+1(416) 366-7777

Source: Sierra Metals Inc.

Release – Palladium One Mining (NKORF)(PDM:CA) – Continues to Intersect Significant Widths at Kaukua South

Posted on April 15, 2021 by Admin

Palladium One Continues to Intersect Significant Widths at Kaukua South, Drills 47 Meters @ 2.3 g/t Pd_

Toronto, Ontario–(Newsfile Corp. – April 15, 2021) – Drilling continues to return significant PGE grades and widths including 47 meters at 2.3 g/t Palladium equivalent (“Pd_Eq”), (Hole LK21-061) at Kaukua South on the Läntinen Koillismaa (“LK”) PGE-Ni-Cu project in Finland, said Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or the “Company”) today.

Thus far, 46 holes have been drilled as part of the 17,500-meter Phase II Resource Definition drill program at Kaukua South, including today’s results, 29 have been released, while results for 17 holes are pending. The program’s goal has been to define the mineralization from surface to a depth of only 200 metres over the known 4-kilometer strike length of Kaukua South. In total 9,220 meters have been drilled to date as part of the Phase II program. Drilling is currently in hiatus for the spring thaw and is schedule to resume in mid-May.

Derrick Weyrauch, President and CEO of Palladium One, said, “Drilling at Kaukua South continues to intersect impressive grades and widths, and as evidenced by hole LK21-061 these results also extend to depth. Induced Polarization (IP) surveys along the east and west extensions of Kaukua South have now been completed and we expect preliminary results shortly. The current hiatus in drilling will be used for modelling and target generation on these new extensions”

Highlights

Drilling continues to demonstrate significant continuity of open pit grades and widths at Kaukua South
46.9 meters grading 2.32 g/t Pd_Eq in hole LK21-061
52.7 meters grading 1.50 g/t Pd_Eq in hole LK21-059
45.4 meters grading 1.58 g/t Pd_Eq in hole LK21-054
44.0 meters grading 1.46 g/t Pd_Eq in hole LK21-060
Kaukua South’s Upper Mineralized Zone delineation could have significant positive implications in a mining scenario by significantly reducing the strip ratio, thereby improving project economics.
IP surveys on Kaukua South’s western and eastern extensions have been completed.

Kaukua South Infill Drilling

Kaukua South infill drilling continues to demonstrate consistent open pit grades and widths. A total of 29 holes from the Phase II infill drill program on Kaukua South have now been released with intersections such as 47 meters at 2.6 g.t Pd_Eq in hole LK21-045 (see press release March 18, 2021) and 53 meters at 2.1 g/t Pd_Eq*, in hole LK20-028 (see press release January 18, 2021). These 29 holes cover approximately 2 kilometers of the Kaukua South Zone and have returned similar widths and grades to those in the Kaukua NI43-101 Open Pit resource estimate. (Figure 1 and 2).

Kaukua South Upper Mineralized Zone

As the Phase II infill drill program progresses the importance of the Upper Mineralized Zone at Kaukua South is taking shape. Kaukua South consists of two subparallel mineralized zones, the very continuous “Lower Zone” near the base of the Intrusion which is very similar to the Kaukua deposit with high PGE tenors and is the main focus of the current drill program. The “Upper Mineralized Zone” occurs in the hanging wall to the Lower Zone and is characterised by higher Cu-Ni values and lower PGEs (Table 1). The Upper Zone is typically lower grade and more sporadic than the Lower Zone but can exhibit greater widths (Figure 3). It’s position in the hanging wall relative to the Lower Zone is key, its presence has significant positive implications for the open pit potential of Kaukua South as it could reduce the strip ratio and allow an open pit to extend to greater depths than originally contemplated and thereby improve overall project economics.

As such, the Company has revisited and is planning to increase the average drilling depth at Kaukua South in areas with strong Upper Zone mineralization. The revised plan now targets the Lower Zone down to a 300-meter depth compared to the original 200-meter depth target.

IP Survey

The current IP surveys to the west and east of the existing 4-km Kaukua South zone have been completed and preliminary results are anticipated in the coming weeks. The hiatus in the drilling due to the spring thaw will be used to analyse this new data and generate targets to expand the Kaukua South zone. IP has proven to be highly successful at outlining palladium-rich disseminated copper-nickel sulphide mineralization on the LK Project. The discovery of Kaukua South in an overburden covered area with no previous drilling was a direct result of the Company’s 2020 IP survey. The Company believes there is potential to extend the currently Kaukua South IP chargeability anomaly from the currently defined four to over seven kilometres of strike length (Figure 1).

Figure 1. Greater Kaukua area plan map, showing current NI 43-101 Kaukua Deposit conceptual pit outline (dashed yellow), Kaukua South and Murtolampi IP chargeability anomalies, and Palladium One drill hole locations. Holes labels in red form part of this release.

Figure 2. Kaukua South Long section looking north, holes labelled in red form part of this release

Figure 3. Cross Section showing Kaukua South infill holes LK20-027, 028, 045, and 061 looking west.

Table 1: Phase II infill drill results to date on Kaukua South

Hole	Zone	From (m)	To (m)	Width (m)	Pd_Eq g/t*	PGE g/t (Pd+Pt+Au)	Pd g/t	Pt g/t	Au g/t	Cu %	Ni %
LK20-027	Lower Zone	103.4	155.0	51.6	1.98	1.07	0.72	0.27	0.08	0.17	0.15
	Inc.	105.6	113.0	7.4	2.58	1.34	0.90	0.31	0.13	0.26	0.18
	And	149.5	155.0	5.5	3.12	1.96	1.34	0.52	0.10	0.27	0.17
	Inc.	153.5	155.0	1.5	6.14	4.09	2.79	1.15	0.15	0.56	0.28
LK20-028	Lower Zone	42.6	95.5	52.9	2.06	1.44	1.00	0.36	0.08	0.11	0.11
	Inc.	46.9	72.0	25.1	2.92	2.08	1.44	0.52	0.12	0.17	0.14
	Inc.	50.5	60.0	9.5	3.56	2.52	1.75	0.61	0.16	0.23	0.16
LK20-029	Lower Zone	37.5	62.9	25.4	2.57	1.87	1.30	0.46	0.11	0.15	0.11
	Inc.	47.0	62.0	15.0	3.16	2.36	1.65	0.58	0.13	0.17	0.13
	Inc.	56.5	62.0	5.5	4.34	3.36	2.36	0.82	0.18	0.20	0.16
	Inc	56.5	57.7	1.2	6.15	4.97	3.54	1.26	0.17	0.25	0.21
LK20-030	Lower Zone	26.4	86.5	60.1	1.88	1.00	0.68	0.24	0.07	0.17	0.14
	Inc.	47.0	68.0	21.0	2.44	1.43	0.98	0.35	0.10	0.21	0.16
	Inc.	53.0	54.5	1.5	3.94	2.69	1.78	0.78	0.12	0.28	0.20
LK20-031	Lower Zone	17.9	61.5	43.6	1.94	1.12	0.76	0.27	0.09	0.16	0.13
	Inc.	17.9	55.5	37.6	2.17	1.25	0.85	0.30	0.10	0.19	0.14
	Inc.	24.5	35.0	10.5	2.81	1.60	1.09	0.39	0.11	0.27	0.18
LK20-032	Lower Zone	60.3	108.3	48.0	1.81	0.84	0.57	0.21	0.06	0.16	0.16
	Inc.	61.4	75.0	13.7	2.12	0.90	0.58	0.23	0.09	0.22	0.20
LK20-033	Lower Zone	41.3	85.0	43.7	1.76	0.87	0.58	0.21	0.07	0.18	0.14
	Inc.	42.7	56.3	13.7	2.33	1.21	0.83	0.28	0.10	0.21	0.18
LK20-034	Lower Zone	86.9	119.5	32.7	2.05	1.16	0.81	0.26	0.09	0.16	0.15
	Inc.	88.5	97.5	9.0	3.06	1.98	1.41	0.45	0.12	0.20	0.17
	Inc.	94.5	96.0	1.5	4.20	2.94	2.15	0.66	0.14	0.25	0.20
LK20-035	Lower Zone	66.0	118.0	52.0	1.32	0.63	0.44	0.15	0.04	0.11	0.11
	Inc	67.5	69.0	1.5	3.49	2.44	2.10	0.27	0.07	0.23	0.15
	And	95.5	104.7	9.2	2.04	1.23	0.80	0.32	0.11	0.17	0.13
LK20-036	Lower Zone	245.3	280.0	34.6	1.05	0.39	0.25	0.11	0.03	0.10	0.11
	Inc.	259.0	260.5	1.5	1.72	0.86	0.62	0.16	0.07	0.15	0.14
LK20-042	Lower Zone	115.5	158.9	43.4	1.41	0.77	0.53	0.19	0.05	0.09	0.12
	Inc.	118.5	123.0	4.5	2.29	1.23	0.82	0.32	0.09	0.14	0.19
LK20-043	Lower Zone	131.5	162.3	30.8	1.24	0.55	0.36	0.15	0.04	0.11	0.12
	Inc.	133.0	136.0	3.0	2.05	1.16	0.82	0.32	0.02	0.05	0.20
LK20-044	Lower Zone	156.8	173.8	17.0	1.38	0.62	0.41	0.14	0.06	0.14	0.12
	Inc.	166.0	169.5	3.4	2.10	1.07	0.73	0.25	0.08	0.20	0.16
LK20-045	Upper Zone	23.0	86.5	63.5	0.72	0.15	0.09	0.02	0.04	0.07	0.10
	Inc.	23.0	42.1	19.1	0.94	0.22	0.12	0.04	0.06	0.10	0.12
	Lower Zone	122.8	170.2	47.4	2.59	1.74	1.20	0.42	0.11	0.17	0.14
	Inc.	155.0	166.6	11.6	4.21	2.92	2.03	0.72	0.18	0.27	0.20
	Inc.	156.0	160.6	4.6	5.09	3.67	2.57	0.89	0.21	0.33	0.21
LK20-046	Lower Zone	65.9	118.6	52.7	1.53	1.05	0.73	0.26	0.06	0.09	0.08
	Inc.	73.0	89.5	16.5	2.52	1.79	1.23	0.44	0.12	0.13	0.13
	Inc.	73.0	79.0	6.0	3.31	2.42	1.69	0.60	0.12	0.18	0.15
LK20-047	Lower Zone	36.0	58.0	22.0	1.77	1.11	0.75	0.29	0.07	0.12	0.11
	Inc.	40.5	43.5	3.0	3.15	1.85	1.23	0.49	0.13	0.27	0.20
LK20-048	Lower Zone	80.0	93.0	13.0	1.08	0.55	0.35	0.15	0.05	0.09	0.09
	Inc.	89.0	91.3	2.3	1.91	1.13	0.73	0.31	0.09	0.18	0.12
LK20-049	Lower Zone	16.2	27.0	10.8	1.18	0.52	0.33	0.13	0.06	0.13	0.10
	Inc.	23.5	27.0	3.5	1.53	0.87	0.57	0.21	0.09	0.16	0.09
LK21-051	Lower Zone	118.8	145.0	26.2	1.46	0.55	0.36	0.13	0.06	0.16	0.15
	Inc.	133.2	145.0	11.8	1.87	0.77	0.49	0.18	0.10	0.21	0.17
LK21-052	Upper Zone	53.0	62.7	9.7	1.04	0.36	0.22	0.10	0.04	0.09	0.12
	Lower Zone	147.5	172.0	24.5	1.67	0.79	0.55	0.17	0.07	0.18	0.13
	Inc.	147.5	152.0	4.5	2.17	0.91	0.65	0.20	0.06	0.38	0.14
LK21-053	Upper Zone	60.0	63.0	3.0	1.20	0.51	0.33	0.13	0.06	0.11	0.11
	Lower Zone	93.9	101.4	7.5	0.77	0.25	0.15	0.07	0.03	0.05	0.10
LK21-054	Upper Zone	30.0	32.5	2.6	1.82	0.58	0.34	0.08	0.16	0.22	0.19
	Lower Zone	117.7	163.0	45.4	1.58	0.80	0.53	0.19	0.07	0.15	0.12
	Inc.	149.0	158.8	9.8	2.00	1.16	0.78	0.27	0.11	0.20	0.12
	Inc.	157.3	158.8	1.4	4.04	2.41	1.58	0.53	0.31	0.41	0.21
LK21-055	Upper Zone	31.0	45.0	14.0	1.04	0.26	0.15	0.04	0.07	0.13	0.13
	Lower Zone	69.0	81.0	12.0	1.26	0.38	0.23	0.10	0.05	0.14	0.14
	Inc.	76.2	80.0	3.8	1.59	0.55	0.33	0.16	0.06	0.20	0.16
LK21-056	Lower Zone	10.6	14.5	3.9	1.00	0.26	0.17	0.05	0.04	0.14	0.11
LK21-057		no significant values, dyked out
LK21-058	Lower Zone	87.0	101.0	14.0	1.01	0.53	0.32	0.15	0.06	0.09	0.07
	Inc.	90.0	95.0	5.0	1.57	0.88	0.52	0.26	0.10	0.14	0.11
	Inc.	90.0	90.7	0.7	3.10	2.10	1.33	0.64	0.14	0.22	0.16
LK21-059	Upper Zone	29.0	41.7	12.7	1.08	0.27	0.15	0.05	0.08	0.13	0.13
	Inc.	39.5	41.7	2.2	1.74	0.50	0.33	0.07	0.11	0.21	0.20
	Lower Zone	135.3	188.0	52.7	1.50	0.74	0.49	0.18	0.07	0.13	0.12
	Inc.	135.3	169.2	33.9	1.72	0.84	0.55	0.20	0.08	0.17	0.14
	Inc.	165.3	169.2	3.9	1.90	1.17	0.82	0.28	0.07	0.14	0.12
LK21-060	LK21-060	59.0	71.5	12.5	1.27	0.33	0.19	0.05	0.08	0.15	0.16
	Inc.	69.1	70.3	1.2	2.90	1.01	0.75	0.14	0.12	0.24	0.34
	Lower Zone	171.0	215.0	44.0	1.46	0.53	0.35	0.14	0.05	0.15	0.16
	Inc.	203.5	213.5	10.0	1.80	0.68	0.46	0.16	0.06	0.20	0.18
	Inc.	203.5	209.0	5.5	2.04	0.81	0.55	0.20	0.07	0.21	0.20
LK21-061	Upper Zone	92.5	155.5	63.0	0.62	0.14	0.08	0.02	0.03	0.06	0.08
	Inc.	92.5	108.8	16.3	0.77	0.21	0.12	0.05	0.04	0.07	0.10
	Lower Zone	203.2	250.0	46.9	2.32	1.43	0.97	0.34	0.13	0.17	0.14
	Inc.	215.0	221.0	6.0	3.28	1.95	1.33	0.48	0.15	0.24	0.22
	And	227.5	231.4	3.9	3.31	2.39	1.68	0.55	0.16	0.22	0.13
	Inc.	230.7	231.4	0.7	6.02	4.61	3.35	1.10	0.16	0.32	0.22
	And	237.0	239.7	2.7	3.65	2.52	1.76	0.64	0.12	0.25	0.17

* Reported widths are “drilled widths” not true widths.
** Orange shaded values previously released (see press release January 18, 2021, March 11, 2021, March 18, 2021)

*Palladium Equivalent

Palladium equivalent is calculated using US$1,100 per ounce for palladium, US$950 per ounce for platinum, US$1,300 per ounce for gold, US$6,614 per tonne for copper, and US$15,432 per tonne for nickel. This calculation is consistent with the calculation in the Company’s September 2019 NI 43-101 Kaukua resource estimate. The palladium price used approximates the US$1,156 per ounce for palladium reported by UBS in its February 2021 commodity consensus price forecast report, while the current price of palladium is approximately US$2,600 per ounce.

QA/QC

The Phase I drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored indoors in a secure facility, in Taivalkoski, Finland. The drill core samples were transported by courier from the Company’s core handling facility in Taivalkoski, Finland, to ALS Global (“ALS”) laboratory in Outokumpu, Finland. ALS, is an accredited lab and are ISO compliant (ISO 9001:2008, ISO/IEC 17025:2005). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-AES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.25 grams with an ICP-AES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance at the time of import. All standards associated with the results in this press release were determined to be acceptable within the defined limits of the standard used

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact: Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes “forward-looking information” that is subject to a few assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding listing of the Company’s common shares on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions and general business conditions. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s annual information form dated April 29, 2020 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

Release – Group 11 Technologies – Signs Option Agreement with GFG to Advance the Rattlesnake Hills Gold Project

Posted on April 15, 2021 by Admin

Group 11 Technologies Signs Option Agreement with GFG to Advance the Rattlesnake Hills Gold Project with Revolutionary Technology

Environmentally Friendly Solutions and In Place Mining to Extract Precious Metals

April 14, 2021, Dallas, Texas: Group 11 Technologies Inc. (“Group 11”) is pleased to announce it has signed an option and earn-in agreement (the “Agreement”) with GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG”) to advance GFG’s Rattlesnake Hills Gold Project (the “Project”) in Wyoming, United States. Under the terms of the Agreement, Group 11 has the right to acquire, in multiple stages, up to 70% of the Project by completing a series of exploration and development expenditures (“Expenditures”) as summarized below and making staged cash and equity payments to GFG.

Group 11 Technologies Inc. is led by a group of technical pioneers and experts in the development and application of in-situ recovery (“ISR”) with significant experience operating in Wyoming. Group 11’s goal is to combine ISR, a non-invasive extraction technology, with an environmentally friendly water-based chemistry to recover gold and other metals, providing an alternative development path to conventional open pit and underground mineral extraction.

The Rattlesnake Hills Gold Project is viewed as an ideal test project for Group 11 for the following reasons:

Wyoming is a top United States mining jurisdiction with regulators who understand and effectively legislate ISR better than anywhere else in the US;
Gold grades throughout the system vary from low to high allowing for testing various grades response to the ISR process;
Gold occurs in a variety of geological settings, allowing for testing of various styles of mineralization;
Gold occurs across a large physical area allowing for testing under various lithostatic conditions across and through several rock types and chemistries;
Gold occurs under relatively accessible topography, an important consideration for wellfield development.

Live Webcast – April 15, 2021

Management of GFG and Group 11 will host a webcast on Thursday, April 15 at 10:00 am Eastern Standard

Time (7:00 am Pacific Standard Time) to discuss the Agreement, Group 11’s innovative technology, the

upcoming programs and to answer any questions from shareholders. Shareholders, analysts, investors, and media are invited to join the live webcast by registering using the link below.

Link: https://6ix.com/event/gfg-and-group11/

After registering, you will receive a confirmation email containing details to access the webinar via conference call or webcast. A replay of the webcast will be available following the conclusion of the call.

“Group 11 is very excited to establish its first anchor project with GFG and the Rattlesnake Hills Gold Project. Rattlesnake hosts all the necessary parameters, in a well-established jurisdiction, to test and apply the combination of ISR technology and our exclusive use of EnviroLeach’s non-cyanide water based chemistry for ISR applications,” said Janet Lee-Sheriff, President of Group 11. “We already have successfully tested the EnviroLeach non-cyanide chemistry on sulfide concentrates and achieved optimal results in shorter timelines than cyanide. The recyclability of the environmentally-friendly chemistry makes it an attractive ingredient in ISR technology and an alternative to cyanide for gold recovery. Group 11 will commence first stage lab test work on drill core in the summer of 2021 and we look forward to advancing our work to develop new solutions for the mineral extraction industry.”

“We are excited to have entered into a partnership with Group 11 to advance our Rattlesnake Hills Gold Project and be part of a technology that could revolutionize the gold mining industry,” stated Brian Skanderbeg, President and CEO of GFG. “Our Project is the ideal asset to test and optimize Group 11’s technology given the character of the mineralized systems, significant zones of gold mineralization and the established permitting path for ISR mining in Wyoming. This is an exciting development for our shareholders and stakeholders as we work with our partners to develop and apply ISR technology to gold systems. Over the last several decades, this technology has been successfully applied in both uranium and copper mining, driving significantly reduced development timeframes, lower capital intensity and materially reduced environmental impacts. We believe in its potential to be equally applicable to the gold space.”

Terms of the Agreement

Under the terms of the Agreement, Group 11 has a right to earn 70% interest in the Project over a six- year period by:

Incurring a minimum of US$9.5 million in Expenditures.
Paying 100% of holding and maintenance costs related to the Project.
Covering all Expenditures to advance the Project into commercial production.
Making staged equity payments to GFG of Group 11 common stock of up to 9.9% of Group 11’s common shares issued and outstanding on a fully-diluted basis.
Making a cash payment of US$7.5 million.

Summary of Agreement Stages

(1) Minimum expenditures exclude holding and maintenance costs.

(2) Commercial production is deemed as a rate of not less than 50% of the feasibility study-rated annual capacity.

Additional terms:

Closing of the Agreement is conditional upon Group 11 raising a minimum of US$1.5 million within 45 days after the execution of the Agreement.
The Agreement contains pre-emptive rights provisions should either party elect to sell its interest in the Project.
Group 11 has the option to extend any stage for 12 additional months by making a US$500,000 cash payment to GFG.
Group 11 will act as manager on the Project.

The Rattlesnake Hills Gold Project

The Rattlesnake Hills Gold Project is a district-scale gold exploration project located in central Wyoming approximately 100 kilometres southwest of Casper. Geologically, the Project is centrally located within a roughly 1,500-kilometre-long belt of alkalic intrusive complexes that occur along the eastern side of the Rocky Mountains from Montana to New Mexico, several of which are associated with multiple gold deposits.

The Project has approximately 100,000 metres (“m”) of historic drilling which has outlined three significant zones of alteration and precious metal mineralization that are associated with Eocene age alkalic intrusions at North Stock, Antelope Basin and Blackjack. The majority of the drilling has focused on near-surface, open pit mineralization in the North Stock and Antelope Basin deposits with highlights that include intercepts⁽³⁾ of 1.85 grams of gold per tonne (g/t Au) over 236.2 m hole length; 4.20 g/t Au over

77.7 m hole length; 2.08 g/t Au over 150.9 m hole length and 0.82 g/t Au over 99.1 m hole length. In addition to the outlined zones of mineralization, the Company believes that the district is highly

prospective and has outlined several kilometre-scale greenfield targets that have never been drill tested. These greenfield targets were generated from the Company’s geophysical and geochemical programs and host strong similarities to the North Stock and Antelope Basin systems.

(3) Gold intervals reported are based on a 0.20 g/t or 0.50 g/t Au cutoff. Weighted averaging has been used to calculate all reported intervals. True widths are estimated at 60-100% of drilled thicknesses.

Qualified Persons

Brian Skanderbeg, P.Geo. and M.Sc., serves as President and CEO of GFG, and is a “qualified person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Skanderbeg has reviewed the respective core intervals, sampling and QA/QC procedures and results thereof as verification of the historical drilling data disclosed above and has approved the information contained in this news release.

About GFG Resources Inc.

GFG Resources is a North American precious metals exploration company focused on district scale gold projects in tier one mining jurisdictions, Ontario and Wyoming. In Ontario, the Company owns 100% of the Pen and Dore gold projects, two large and highly prospective gold properties west of the prolific gold district of Timmins, Ontario, Canada. The Pen and the Dore gold projects have similar geological settings that host most of the gold deposits found in the Timmins Gold Camp which have produced over 70 million ounces of gold. The Company also owns 100% of the Rattlesnake Hills Gold Project, a district scale gold exploration project located approximately 100 kilometres southwest of Casper, Wyoming, U.S. The geologic setting, alteration and mineralization seen in the Rattlesnake Hills are similar to other gold deposits of the Rocky Mountain alkaline province which, collectively, have produced over 50 million ounces of gold.

About Group 11 Technologies Inc.

Group 11 is a private US-based company committed to the development and application of environmentally and socially responsible precious metals mineral extraction. The combination of in-situ recovery extraction (ISR) technology and environmentally friendly water based chemistry to recover gold and other metals provides a promising alternate solution to conventional open pit and underground mineral extraction. The goal of advancing sustainable extraction considers growing concerns surrounding water use and discharge, carbon footprint, energy consumption, community stakeholders and workplace safety while addressing a growing global need for metals in our daily lives. Group 11 was founded by Enviroleach Technologies Inc. (CSE: ETI; OTCQB: EVLLF), Encore Energy Corp. (TSXV: EU; OTCQB: ENCUF) and Golden Predator Mining Corp. (TSXV: GPY; OTCQB: NTGSF).

Group 11 is a group of elements in the periodic table, also known as the coinage metals, consisting of gold (Au), silver (Ag) and copper (Cu).

For additional information: Group 11 Technologies Inc.

Janet Sheriff, President

214-304-9552

info@gr11tech.com www.gr11tech.com

GFG Resources Inc.

Brian Skanderbeg, President & CEO or

Marc Lepage, Vice President, Business Development Phone: (306) 931-0930

info@gfgresources.com www.gfgresources.com

Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain forward-looking statements within the meaning of applicable securities laws including transactions and other properties, and the potential advancement thereof. Forward- looking statements are statements that relate to future, not past, events. In this context, forward- looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. Estimates of mineral resources and reserves are also forward looking statements because they constitute projections regarding the amount of minerals that may be encountered in the future. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the transaction are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Group 11 Technologies – Signs Option Agreement with GFG to Advance the Rattlesnake Hills Gold Project

Posted on April 15, 2021 by Admin

Group 11 Technologies Signs Option Agreement with GFG to Advance the Rattlesnake Hills Gold Project with Revolutionary Technology

Environmentally Friendly Solutions and In Place Mining to Extract Precious Metals

The Rattlesnake Hills Gold Project is viewed as an ideal test project for Group 11 for the following reasons:

Wyoming is a top United States mining jurisdiction with regulators who understand and effectively legislate ISR better than anywhere else in the US;
Gold grades throughout the system vary from low to high allowing for testing various grades response to the ISR process;
Gold occurs in a variety of geological settings, allowing for testing of various styles of mineralization;
Gold occurs across a large physical area allowing for testing under various lithostatic conditions across and through several rock types and chemistries;
Gold occurs under relatively accessible topography, an important consideration for wellfield development.

Live Webcast – April 15, 2021

Management of GFG and Group 11 will host a webcast on Thursday, April 15 at 10:00 am Eastern Standard

Time (7:00 am Pacific Standard Time) to discuss the Agreement, Group 11’s innovative technology, the

upcoming programs and to answer any questions from shareholders. Shareholders, analysts, investors, and media are invited to join the live webcast by registering using the link below.

Link: https://6ix.com/event/gfg-and-group11/

Terms of the Agreement

Under the terms of the Agreement, Group 11 has a right to earn 70% interest in the Project over a six- year period by:

Incurring a minimum of US$9.5 million in Expenditures.
Paying 100% of holding and maintenance costs related to the Project.
Covering all Expenditures to advance the Project into commercial production.
Making staged equity payments to GFG of Group 11 common stock of up to 9.9% of Group 11’s common shares issued and outstanding on a fully-diluted basis.
Making a cash payment of US$7.5 million.

Summary of Agreement Stages

(1) Minimum expenditures exclude holding and maintenance costs.

(2) Commercial production is deemed as a rate of not less than 50% of the feasibility study-rated annual capacity.

Additional terms:

Closing of the Agreement is conditional upon Group 11 raising a minimum of US$1.5 million within 45 days after the execution of the Agreement.
The Agreement contains pre-emptive rights provisions should either party elect to sell its interest in the Project.
Group 11 has the option to extend any stage for 12 additional months by making a US$500,000 cash payment to GFG.
Group 11 will act as manager on the Project.

The Rattlesnake Hills Gold Project

77.7 m hole length; 2.08 g/t Au over 150.9 m hole length and 0.82 g/t Au over 99.1 m hole length. In addition to the outlined zones of mineralization, the Company believes that the district is highly

Qualified Persons

About GFG Resources Inc.

About Group 11 Technologies Inc.

Group 11 is a group of elements in the periodic table, also known as the coinage metals, consisting of gold (Au), silver (Ag) and copper (Cu).

For additional information: Group 11 Technologies Inc.

Janet Sheriff, President

214-304-9552

info@gr11tech.com www.gr11tech.com

GFG Resources Inc.

Brian Skanderbeg, President & CEO or

Marc Lepage, Vice President, Business Development Phone: (306) 931-0930

info@gfgresources.com www.gfgresources.com

Palladium One Mining (NKORF)(PDM:CA) – Continues to Intersect Significant Widths at Kaukua South

Posted on April 15, 2021 by Admin

Palladium One Continues to Intersect Significant Widths at Kaukua South, Drills 47 Meters @ 2.3 g/t Pd_

Highlights

Drilling continues to demonstrate significant continuity of open pit grades and widths at Kaukua South
46.9 meters grading 2.32 g/t Pd_Eq in hole LK21-061
52.7 meters grading 1.50 g/t Pd_Eq in hole LK21-059
45.4 meters grading 1.58 g/t Pd_Eq in hole LK21-054
44.0 meters grading 1.46 g/t Pd_Eq in hole LK21-060
Kaukua South’s Upper Mineralized Zone delineation could have significant positive implications in a mining scenario by significantly reducing the strip ratio, thereby improving project economics.
IP surveys on Kaukua South’s western and eastern extensions have been completed.

Kaukua South Infill Drilling

Kaukua South Upper Mineralized Zone

IP Survey

Figure 2. Kaukua South Long section looking north, holes labelled in red form part of this release

Figure 3. Cross Section showing Kaukua South infill holes LK20-027, 028, 045, and 061 looking west.

Table 1: Phase II infill drill results to date on Kaukua South

Hole	Zone	From (m)	To (m)	Width (m)	Pd_Eq g/t*	PGE g/t (Pd+Pt+Au)	Pd g/t	Pt g/t	Au g/t	Cu %	Ni %
LK20-027	Lower Zone	103.4	155.0	51.6	1.98	1.07	0.72	0.27	0.08	0.17	0.15
	Inc.	105.6	113.0	7.4	2.58	1.34	0.90	0.31	0.13	0.26	0.18
	And	149.5	155.0	5.5	3.12	1.96	1.34	0.52	0.10	0.27	0.17
	Inc.	153.5	155.0	1.5	6.14	4.09	2.79	1.15	0.15	0.56	0.28
LK20-028	Lower Zone	42.6	95.5	52.9	2.06	1.44	1.00	0.36	0.08	0.11	0.11
	Inc.	46.9	72.0	25.1	2.92	2.08	1.44	0.52	0.12	0.17	0.14
	Inc.	50.5	60.0	9.5	3.56	2.52	1.75	0.61	0.16	0.23	0.16
LK20-029	Lower Zone	37.5	62.9	25.4	2.57	1.87	1.30	0.46	0.11	0.15	0.11
	Inc.	47.0	62.0	15.0	3.16	2.36	1.65	0.58	0.13	0.17	0.13
	Inc.	56.5	62.0	5.5	4.34	3.36	2.36	0.82	0.18	0.20	0.16
	Inc	56.5	57.7	1.2	6.15	4.97	3.54	1.26	0.17	0.25	0.21
LK20-030	Lower Zone	26.4	86.5	60.1	1.88	1.00	0.68	0.24	0.07	0.17	0.14
	Inc.	47.0	68.0	21.0	2.44	1.43	0.98	0.35	0.10	0.21	0.16
	Inc.	53.0	54.5	1.5	3.94	2.69	1.78	0.78	0.12	0.28	0.20
LK20-031	Lower Zone	17.9	61.5	43.6	1.94	1.12	0.76	0.27	0.09	0.16	0.13
	Inc.	17.9	55.5	37.6	2.17	1.25	0.85	0.30	0.10	0.19	0.14
	Inc.	24.5	35.0	10.5	2.81	1.60	1.09	0.39	0.11	0.27	0.18
LK20-032	Lower Zone	60.3	108.3	48.0	1.81	0.84	0.57	0.21	0.06	0.16	0.16
	Inc.	61.4	75.0	13.7	2.12	0.90	0.58	0.23	0.09	0.22	0.20
LK20-033	Lower Zone	41.3	85.0	43.7	1.76	0.87	0.58	0.21	0.07	0.18	0.14
	Inc.	42.7	56.3	13.7	2.33	1.21	0.83	0.28	0.10	0.21	0.18
LK20-034	Lower Zone	86.9	119.5	32.7	2.05	1.16	0.81	0.26	0.09	0.16	0.15
	Inc.	88.5	97.5	9.0	3.06	1.98	1.41	0.45	0.12	0.20	0.17
	Inc.	94.5	96.0	1.5	4.20	2.94	2.15	0.66	0.14	0.25	0.20
LK20-035	Lower Zone	66.0	118.0	52.0	1.32	0.63	0.44	0.15	0.04	0.11	0.11
	Inc	67.5	69.0	1.5	3.49	2.44	2.10	0.27	0.07	0.23	0.15
	And	95.5	104.7	9.2	2.04	1.23	0.80	0.32	0.11	0.17	0.13
LK20-036	Lower Zone	245.3	280.0	34.6	1.05	0.39	0.25	0.11	0.03	0.10	0.11
	Inc.	259.0	260.5	1.5	1.72	0.86	0.62	0.16	0.07	0.15	0.14
LK20-042	Lower Zone	115.5	158.9	43.4	1.41	0.77	0.53	0.19	0.05	0.09	0.12
	Inc.	118.5	123.0	4.5	2.29	1.23	0.82	0.32	0.09	0.14	0.19
LK20-043	Lower Zone	131.5	162.3	30.8	1.24	0.55	0.36	0.15	0.04	0.11	0.12
	Inc.	133.0	136.0	3.0	2.05	1.16	0.82	0.32	0.02	0.05	0.20
LK20-044	Lower Zone	156.8	173.8	17.0	1.38	0.62	0.41	0.14	0.06	0.14	0.12
	Inc.	166.0	169.5	3.4	2.10	1.07	0.73	0.25	0.08	0.20	0.16
LK20-045	Upper Zone	23.0	86.5	63.5	0.72	0.15	0.09	0.02	0.04	0.07	0.10
	Inc.	23.0	42.1	19.1	0.94	0.22	0.12	0.04	0.06	0.10	0.12
	Lower Zone	122.8	170.2	47.4	2.59	1.74	1.20	0.42	0.11	0.17	0.14
	Inc.	155.0	166.6	11.6	4.21	2.92	2.03	0.72	0.18	0.27	0.20
	Inc.	156.0	160.6	4.6	5.09	3.67	2.57	0.89	0.21	0.33	0.21
LK20-046	Lower Zone	65.9	118.6	52.7	1.53	1.05	0.73	0.26	0.06	0.09	0.08
	Inc.	73.0	89.5	16.5	2.52	1.79	1.23	0.44	0.12	0.13	0.13
	Inc.	73.0	79.0	6.0	3.31	2.42	1.69	0.60	0.12	0.18	0.15
LK20-047	Lower Zone	36.0	58.0	22.0	1.77	1.11	0.75	0.29	0.07	0.12	0.11
	Inc.	40.5	43.5	3.0	3.15	1.85	1.23	0.49	0.13	0.27	0.20
LK20-048	Lower Zone	80.0	93.0	13.0	1.08	0.55	0.35	0.15	0.05	0.09	0.09
	Inc.	89.0	91.3	2.3	1.91	1.13	0.73	0.31	0.09	0.18	0.12
LK20-049	Lower Zone	16.2	27.0	10.8	1.18	0.52	0.33	0.13	0.06	0.13	0.10
	Inc.	23.5	27.0	3.5	1.53	0.87	0.57	0.21	0.09	0.16	0.09
LK21-051	Lower Zone	118.8	145.0	26.2	1.46	0.55	0.36	0.13	0.06	0.16	0.15
	Inc.	133.2	145.0	11.8	1.87	0.77	0.49	0.18	0.10	0.21	0.17
LK21-052	Upper Zone	53.0	62.7	9.7	1.04	0.36	0.22	0.10	0.04	0.09	0.12
	Lower Zone	147.5	172.0	24.5	1.67	0.79	0.55	0.17	0.07	0.18	0.13
	Inc.	147.5	152.0	4.5	2.17	0.91	0.65	0.20	0.06	0.38	0.14
LK21-053	Upper Zone	60.0	63.0	3.0	1.20	0.51	0.33	0.13	0.06	0.11	0.11
	Lower Zone	93.9	101.4	7.5	0.77	0.25	0.15	0.07	0.03	0.05	0.10
LK21-054	Upper Zone	30.0	32.5	2.6	1.82	0.58	0.34	0.08	0.16	0.22	0.19
	Lower Zone	117.7	163.0	45.4	1.58	0.80	0.53	0.19	0.07	0.15	0.12
	Inc.	149.0	158.8	9.8	2.00	1.16	0.78	0.27	0.11	0.20	0.12
	Inc.	157.3	158.8	1.4	4.04	2.41	1.58	0.53	0.31	0.41	0.21
LK21-055	Upper Zone	31.0	45.0	14.0	1.04	0.26	0.15	0.04	0.07	0.13	0.13
	Lower Zone	69.0	81.0	12.0	1.26	0.38	0.23	0.10	0.05	0.14	0.14
	Inc.	76.2	80.0	3.8	1.59	0.55	0.33	0.16	0.06	0.20	0.16
LK21-056	Lower Zone	10.6	14.5	3.9	1.00	0.26	0.17	0.05	0.04	0.14	0.11
LK21-057		no significant values, dyked out
LK21-058	Lower Zone	87.0	101.0	14.0	1.01	0.53	0.32	0.15	0.06	0.09	0.07
	Inc.	90.0	95.0	5.0	1.57	0.88	0.52	0.26	0.10	0.14	0.11
	Inc.	90.0	90.7	0.7	3.10	2.10	1.33	0.64	0.14	0.22	0.16
LK21-059	Upper Zone	29.0	41.7	12.7	1.08	0.27	0.15	0.05	0.08	0.13	0.13
	Inc.	39.5	41.7	2.2	1.74	0.50	0.33	0.07	0.11	0.21	0.20
	Lower Zone	135.3	188.0	52.7	1.50	0.74	0.49	0.18	0.07	0.13	0.12
	Inc.	135.3	169.2	33.9	1.72	0.84	0.55	0.20	0.08	0.17	0.14
	Inc.	165.3	169.2	3.9	1.90	1.17	0.82	0.28	0.07	0.14	0.12
LK21-060	LK21-060	59.0	71.5	12.5	1.27	0.33	0.19	0.05	0.08	0.15	0.16
	Inc.	69.1	70.3	1.2	2.90	1.01	0.75	0.14	0.12	0.24	0.34
	Lower Zone	171.0	215.0	44.0	1.46	0.53	0.35	0.14	0.05	0.15	0.16
	Inc.	203.5	213.5	10.0	1.80	0.68	0.46	0.16	0.06	0.20	0.18
	Inc.	203.5	209.0	5.5	2.04	0.81	0.55	0.20	0.07	0.21	0.20
LK21-061	Upper Zone	92.5	155.5	63.0	0.62	0.14	0.08	0.02	0.03	0.06	0.08
	Inc.	92.5	108.8	16.3	0.77	0.21	0.12	0.05	0.04	0.07	0.10
	Lower Zone	203.2	250.0	46.9	2.32	1.43	0.97	0.34	0.13	0.17	0.14
	Inc.	215.0	221.0	6.0	3.28	1.95	1.33	0.48	0.15	0.24	0.22
	And	227.5	231.4	3.9	3.31	2.39	1.68	0.55	0.16	0.22	0.13
	Inc.	230.7	231.4	0.7	6.02	4.61	3.35	1.10	0.16	0.32	0.22
	And	237.0	239.7	2.7	3.65	2.52	1.76	0.64	0.12	0.25	0.17

* Reported widths are “drilled widths” not true widths.
** Orange shaded values previously released (see press release January 18, 2021, March 11, 2021, March 18, 2021)

*Palladium Equivalent

QA/QC

The Phase I drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company.

Qualified Person

About Palladium One

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact: Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Release – Comstock Mining (LODE) – Releases Shareholder Letter Embarks on Transformational Green Shift

Posted on April 13, 2021 by Admin

Comstock Releases Shareholder Letter; Embarks on Transformational Green Shift with Climate Smart Mining and Environmental, Social and Governance (“ESG”) Projects

VIRGINIA CITY, Nev., April 13, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced that its executive chairman and chief executive officer issued the following letter to Comstock’s shareholders in advance of the Annual General Shareholders Meeting.

Dear Shareholders:
On behalf of our Board of Directors, employees and partners, we would like to thank all of you for participating in a pivotal, exciting and successful year. We have repositioned our assets by acquiring new technologies, launching new businesses, liquidating non-core and non-performing assets, and eliminating our debt. We have now positioned our existing platform for extraordinary growth and high-impact value creation with clean innovations, climate smart mining, and ESG driven projects.

This transformational “green shift” began years ago and gained traction with our global mercury remediation and lithium-ion battery recycling projects. Those efforts recently culminated in the commissioning of our first commercial Mercury Clean-Up LLC (“MCU”) project in the Philippines, and the acquisition of a controlling stake in LiNiCo Corporation (“LiNiCo”), and its 20,000 ton per year lithium-ion battery recycling and 10,000 ton per year of 99.9% pure cathode production in the Tahoe Reno Industrial (“TRI”) Center located in Storey County, NV.

Each MCU system has the potential to produce more than $12 million in pre-tax operating income per year (depending on site conditions, mineral content and spot price). The LiNiCo facility, at just 33% of its capacity and 60% of applicable commodity prices, has the potential to generate more than $100 million in sales with estimated pre-tax operating income margins exceeding 30%. We’re also actively exploring expansions and acquisitions that support and accelerate LiNiCo’s growth with a hub-and-spoke model.

Comstock has historically focused on the extraction of precious and strategic metals, where the words “precious” and “strategic” were conventionally defined by magnitude of impact and relative scarcity. We now believe that the global clean energy transition, escalating population growth, and accelerating natural resource scarcity is converging into a “perfect storm” of global demand for a broader array of strategic materials, beyond metals, including anything involving carbon, energy, and water – without the corresponding global capacity to sustainably or reliably meet escalating demand. Our strategic focus is consequently expanding to include the extraction and valorization of a portfolio of critical and inevitably scarce materials, with an initial preference for high cash throughput generators that complement our existing competencies and operations. We are evaluating several potential transactions and investment opportunities, the first of which we hope to close this during this quarter.

Our employee incentive compensation is 100% linked to specific performance objectives designed to deliver $500 million in shareholder value and more than $12.00 per share by 2023. Our team is focused on achieving and exceeding those targets because the “perfect storm” of current demand isn’t the only thing on our horizon. A renaissance of green innovation is upon us and the pace is increasing worldwide.

We will be a leader in those efforts, with a focus on the systemic development and commercialization of new technologies and robust new lines-of-businesses, such as MCU and LiNiCo, among others, that have the potential to sustainably contribute to humanity’s rapidly-escalating demand for increasingly scarce natural resources, including the strategic metals and other resources needed to fuel the world-wide quantum surge in, and transition to, clean energy, carbon-neutrality, and natural products.

We are systematically strengthening our organization and positioning for continuous throughput growth. We will scale our MCU footprint, enhancing efficacy and targeting new deployments in qualified geographies. We will build our LiNiCo recycling and battery production business. We will acquire and build accretive technologies, projects, and businesses. We will measure the wealth we create comprehensively, with throughput as our primary financial measure, and by measuring and reporting the positive natural and social impacts of all of our activities. By sustainably delivering more than $500 million in shareholder value, we will have built an innovative, continuously growing, throughput-generating, ESG-based enterprise with diverse lines of businesses that rise above the scarcity challenges.

We are at the dawn of a new era. This tragic pandemic is nearing its end and it taught us how closely we are all connected. Not just to each other and the natural world that sustains us, but to the financial, natural, and social systems that have the power to save us. We will contribute to that end by positively impacting the existing systems, and building and integrating new systems and shareholder value along the way.

We look forward to our next communication and seeing those of you that can attend this year’s AGM, where we plan on showcasing our existing lines of businesses, employees and partners, including the results of our planned near-term transactions. Thank you always for your continued interest and support.

Kindest regards,
Corrado De Gasperis
Executive Chairman and Chief Executive Officer
Comstock Mining Inc.

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

*Contact information:*
Comstock Mining Inc. P.O. Box 1118 Virginia City, NV 89440 ComstockMining.com	Corrado De Gasperis Executive Chairman & CEO Tel (775) 847-4755 degasperis@comstockmining.com	Zach Spencer Director of External Relations Tel (775) 847-5272 Ext.151 questions@comstockmining.com

Source: Comstock Mining

Release – Sierra Metals Inc. (SMT:CA)(SMTS) – Discovers New High-Grade Oxide Zone at Yauricocha Mine Peru

Posted on April 13, 2021 by Admin

Sierra Metals Discovers New High-Grade Oxide Zone Located Within the Current Mine Operations Area at the Yauricocha Mine, Peru

Yauricocha Mine, Peru

The current drilling program along the Yauricocha Fault System demonstrates high-grade oxide mineralization occurring between the Cachi Cachi and Esperanza Zones, which continues and remains open at depth and above

Drill hole highlights include:

*Hole No*	*From*	To	Au *(g/t)*	Ag *(g/t)*	Pb *(%)*	Cu *(%)*	Zn *(%)*	*CuEq* *(%)*	*Core length* *Width*
*17-20-08*	*110.1*	*111.4*	*0.64*	*273*	*0.97*	*4.14*	*0.53*	*7.95*	*1.3 meters*
*17-21-01*	*55.7*	*56.6*	*4.58*	*571*	*22.58*	*0.02*	*0.13*	*15.48*	*0.9 meters*
*17-21-03*	*72.0*	*74.0*	*0.07*	7	*0.19*	*0.05*	*28.64*	*9.74*	*2.0 meters*
*17-21-05*	*71.8*	*73.5*	*0.33*	*281*	*16.62*	*0.16*	*1.25*	*8.09*	*1.7 meters*
*17-21-09*	*66.7*	*69.6*	*0.03*	6	*0.03*	*0.03*	*23.55*	*7.95*	*2.9 meters*
*17-21-13*	*88.0*	*89.0*	*0.03*	5	*0.01*	*0.09*	*29.05*	*9.82*	*1.0 meter*

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today announces that drilling results demonstrating high-grade oxide polymetallic ore has been confirmed in an area between the Cachi Cachi and Esperanza zones along the Yauricocha Fault and within current operations at the Yauricocha Mine.

To date, 21 holes have been completed from an exploration adit at the 1070 level of the Yauricocha Mine in the Yauricocha Fault System area. These holes have intercepted oxide mineralization containing high-grade gold, silver, copper, zinc, and lead zones. These results demonstrate the potential for high-grade mineralization within the reported area and, more importantly, indicate the continued existence of extensive mineralization. These results come as part of an ongoing brownfield drilling program that is testing priority targets at the Yauricocha Mine, located 150 kilometers east-southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru.

Luis Marchese, CEO of Sierra Metals, stated: “The results announced today results represent the existence of further potential at a strategically important zone of the Yauricocha Mine with the confirmation of high-grade oxide mineralization at depth in the area next to existing operations. The Company made a strong commitment to brownfield exploration as part of its growth plan. Results such as the ones released today continue to demonstrate that this investment is paying off with the potential to grow our mineral resources further and add high-value tonnage. This ore will be processed in already existing oxide treatment plant facilities.”

Alonso Lujan, Vice President, Exploration of Sierra Metals, commented: “The results reported are from the area between the Esperanza and Cachi Cachi Zones. They demonstrate significant potential for mineralized resources laterally, to depth, and above in this area located along the Yauricocha Fault System, which was previously not explored. He added, “Following the success of this drilling program, further exploration will be conducted within the area to define its mineralized potential better.”

Mr. Lujan added, “In 2020, the Company commenced construction on a tunnel to connect the Esperanza and the Cachi Cachi orebodies, located 820 meters apart. The tunnel allowed exploration along this area adjacent to the trend of the mineralized bodies at the Yauricocha mine. This zone is a top priority exploration target for the Company due to its favorable geologic setting and strong geophysical anomalies from our Titan 24 Survey. Today’s announcement corresponds to the drilling campaigns of the first two exploration stations along this tunnel. Further drilling stations are planned in the coming months once the tunnel reaches the Cachi Cachi orebodies.”

A map of the Yauricocha Mine 1070 level demonstrating the area of drilling between the Cachi Cachi and Esperanza Zones is shown in Figure 1.

Table 1 –Drill Hole Assay Results from the Program


No Hole	From	To	Width	Au	Ag	Pb	Cu	Zn	EQ Cu*
			(m)	g/t	g/t	%	%	%	%

E ESPN 17 21 01	55.7	56.6	0.9	4.58	571	22.58	0.02	0.13	15.48
	61.0	61.8	0.8	0.03	195	4.15	0.01	0.09	3.19
E ESPN 17 21 13	88.0	89.0	1.0	0.03	5	0.01	0.09	29.05	9.82
	139.8	140.0	0.2	0.03	6	0.01	0.01	3.21	1.17
E ESPN 17 21 03	72.0	74.0	2.0	0.07	7	0.19	0.05	28.64	9.74
	99.9	105.4	5.6	0.06	20	0.02	0.07	23.35	8.09
E ESPN 17 21 05	71.8	73.5	1.7	0.33	281	16.62	0.16	1.25	8.09
	78.5	81.7	3.2	0.17	18	0.10	0.51	5.57	2.71
E ESPN 17 21 09	66.7	69.6	2.9	0.03	6	0.03	0.03	23.55	7.95
E ESPN 17 20 08	61.6	64.4	2.8	0.09	76	0.74	0.07	5.74	3.03
	108.3	110.1	1.8	0.05	42	0.63	0.31	3.92	2.26
	110.1	111.4	1.3	0.64	273	0.97	4.16	0.53	7.95
	200.9	202.0	1.1	0.03	169	0.02	3.57	0.06	5.39
E ESPN 17 20 01	142.0	147.0	5.0	1.40	45	0.40	2.55	1.08	4.57
	147.0	152.5	5.5	2.33	146	2.51	0.45	1.52	4.95
E ESPN 17 21 08	85.7	88.0	2.3	0.03	5	0.01	0.04	14.29	4.86
E ESPN 17 21 12	59.2	61.7	2.5	0.16	211	3.20	0.06	1.62	3.77
E ESPN 17 21 11	29.8	30.5	0.7	0.04	9	0.37	0.14	3.57	1.55
	71.5	73.9	2.4	0.03	20	1.27	0.04	7.89	3.22
E ESPN 17 21 02	16.7	17.5	0.8	0.03	8	0.12	0.02	6.86	2.44
	82.3	83.3	1.0	0.24	18	0.89	0.03	0.24	0.72
E ESPN 17 21 04	30.2	30.5	0.3	0.03	13	0.78	0.04	1.33	0.84
	62.4	65.9	3.6	0.46	50	1.74	0.05	0.73	1.63
E ESPN 17 21 10	99.5	99.9	0.5	0.03	6	0.02	0.06	3.16	1.20
E ESPN 17 20 05	158.0	162.2	4.2	0.25	5	0.79	0.05	2.51	1.36
E ESPN 17 20 03	71.0	76.0	5.0	0.07	17	0.46	0.38	1.25	1.15
E ESPN 17 20 02	108.0	109.0	1.0	0.11	19	0.29	0.40	0.53	0.94

*Copper equivalent was calculated using the following consensus metal prices in USD: $25.58/oz Ag, $3.55/lb Cu, $1.18/lb Zn, $0.92/lb Pb, $1,897/oz Au.
Source CIBC Global Mining Group (April 2021)

Figure 1 – Plan View of Yauricocha Mine and between the Cachi Cachi and Esperanza Zones

Quality Assurance

All samples were dried, crushed, pulverized, and analyzed by the Chumpe Laboratory at the Yauricocha Mine.

The quality assurance program for sampling and analysis is performed by the quality control and assurance (QA-QC) employed by Sierra Metals has been described in detail in the NI-43-101 report for Yauricocha dated June 30, 2020, and prepared by SRK Consulting in Vancouver – Canada. This report is available for review. Standards, certified blanks are inserted into the sample stream, as well as duplicate samples which are then sent to the Chumpe lab to verify the precision and accuracy of published results. Additionally, they are sent to the laboratory of ALS Peru S.A. (Chemex) in Lima according to internal quality control procedures. As a standard process, 10% of the samples were sent to the Chumpe laboratory for cross-validation with a certified external laboratory for analysis.

Quality Control

Américo Zuzunaga, FAusIMM CP (Mining Engineer) and Vice President of Corporate Planning, is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Augusto Chung, FAusIMM CP (Metallurgist) and Vice President of Metallurgy and Projects is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

Continue to Follow, Like and Watch our progress:

Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc |
LinkedIn: Sierra Metals Inc | Instagram: sierrametals

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information”). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 30, 2020 for its fiscal year ended December 31, 2019 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210413005503/en/

Contacts

For further information regarding Sierra Metals, please visit www.sierrametals.com or contact:

Mike McAllister
Vice President, Investor Relations
Sierra Metals Inc.
(416) 366 7777
Email: info@sierrametals.com

J.Alonso Lujan
Vice President, Exploration Sierra Metals Inc.
(51) 630 3100
(52) 614 426 0211

Luis Marchese
President & CEO
Sierra Metals Inc.
(416) 366 7777

Sierra Metals Inc. (SMT:CA)(SMTS) – Discovers New High-Grade Oxide Zone at Yauricocha Mine Peru

Posted on April 13, 2021 by Admin

Sierra Metals Discovers New High-Grade Oxide Zone Located Within the Current Mine Operations Area at the Yauricocha Mine, Peru

Yauricocha Mine, Peru

The current drilling program along the Yauricocha Fault System demonstrates high-grade oxide mineralization occurring between the Cachi Cachi and Esperanza Zones, which continues and remains open at depth and above

Drill hole highlights include:

*Hole No*	*From*	To	Au *(g/t)*	Ag *(g/t)*	Pb *(%)*	Cu *(%)*	Zn *(%)*	*CuEq* *(%)*	*Core length* *Width*
*17-20-08*	*110.1*	*111.4*	*0.64*	*273*	*0.97*	*4.14*	*0.53*	*7.95*	*1.3 meters*
*17-21-01*	*55.7*	*56.6*	*4.58*	*571*	*22.58*	*0.02*	*0.13*	*15.48*	*0.9 meters*
*17-21-03*	*72.0*	*74.0*	*0.07*	7	*0.19*	*0.05*	*28.64*	*9.74*	*2.0 meters*
*17-21-05*	*71.8*	*73.5*	*0.33*	*281*	*16.62*	*0.16*	*1.25*	*8.09*	*1.7 meters*
*17-21-09*	*66.7*	*69.6*	*0.03*	6	*0.03*	*0.03*	*23.55*	*7.95*	*2.9 meters*
*17-21-13*	*88.0*	*89.0*	*0.03*	5	*0.01*	*0.09*	*29.05*	*9.82*	*1.0 meter*

A map of the Yauricocha Mine 1070 level demonstrating the area of drilling between the Cachi Cachi and Esperanza Zones is shown in Figure 1.

Table 1 –Drill Hole Assay Results from the Program


No Hole	From	To	Width	Au	Ag	Pb	Cu	Zn	EQ Cu*
			(m)	g/t	g/t	%	%	%	%

E ESPN 17 21 01	55.7	56.6	0.9	4.58	571	22.58	0.02	0.13	15.48
	61.0	61.8	0.8	0.03	195	4.15	0.01	0.09	3.19
E ESPN 17 21 13	88.0	89.0	1.0	0.03	5	0.01	0.09	29.05	9.82
	139.8	140.0	0.2	0.03	6	0.01	0.01	3.21	1.17
E ESPN 17 21 03	72.0	74.0	2.0	0.07	7	0.19	0.05	28.64	9.74
	99.9	105.4	5.6	0.06	20	0.02	0.07	23.35	8.09
E ESPN 17 21 05	71.8	73.5	1.7	0.33	281	16.62	0.16	1.25	8.09
	78.5	81.7	3.2	0.17	18	0.10	0.51	5.57	2.71
E ESPN 17 21 09	66.7	69.6	2.9	0.03	6	0.03	0.03	23.55	7.95
E ESPN 17 20 08	61.6	64.4	2.8	0.09	76	0.74	0.07	5.74	3.03
	108.3	110.1	1.8	0.05	42	0.63	0.31	3.92	2.26
	110.1	111.4	1.3	0.64	273	0.97	4.16	0.53	7.95
	200.9	202.0	1.1	0.03	169	0.02	3.57	0.06	5.39
E ESPN 17 20 01	142.0	147.0	5.0	1.40	45	0.40	2.55	1.08	4.57
	147.0	152.5	5.5	2.33	146	2.51	0.45	1.52	4.95
E ESPN 17 21 08	85.7	88.0	2.3	0.03	5	0.01	0.04	14.29	4.86
E ESPN 17 21 12	59.2	61.7	2.5	0.16	211	3.20	0.06	1.62	3.77
E ESPN 17 21 11	29.8	30.5	0.7	0.04	9	0.37	0.14	3.57	1.55
	71.5	73.9	2.4	0.03	20	1.27	0.04	7.89	3.22
E ESPN 17 21 02	16.7	17.5	0.8	0.03	8	0.12	0.02	6.86	2.44
	82.3	83.3	1.0	0.24	18	0.89	0.03	0.24	0.72
E ESPN 17 21 04	30.2	30.5	0.3	0.03	13	0.78	0.04	1.33	0.84
	62.4	65.9	3.6	0.46	50	1.74	0.05	0.73	1.63
E ESPN 17 21 10	99.5	99.9	0.5	0.03	6	0.02	0.06	3.16	1.20
E ESPN 17 20 05	158.0	162.2	4.2	0.25	5	0.79	0.05	2.51	1.36
E ESPN 17 20 03	71.0	76.0	5.0	0.07	17	0.46	0.38	1.25	1.15
E ESPN 17 20 02	108.0	109.0	1.0	0.11	19	0.29	0.40	0.53	0.94

*Copper equivalent was calculated using the following consensus metal prices in USD: $25.58/oz Ag, $3.55/lb Cu, $1.18/lb Zn, $0.92/lb Pb, $1,897/oz Au.
Source CIBC Global Mining Group (April 2021)

Figure 1 – Plan View of Yauricocha Mine and between the Cachi Cachi and Esperanza Zones

Quality Assurance

All samples were dried, crushed, pulverized, and analyzed by the Chumpe Laboratory at the Yauricocha Mine.

Quality Control

Américo Zuzunaga, FAusIMM CP (Mining Engineer) and Vice President of Corporate Planning, is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Augusto Chung, FAusIMM CP (Metallurgist) and Vice President of Metallurgy and Projects is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Sierra Metals

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

Continue to Follow, Like and Watch our progress:

Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc |
LinkedIn: Sierra Metals Inc | Instagram: sierrametals

Forward-Looking Statements

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 30, 2020 for its fiscal year ended December 31, 2019 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210413005503/en/

Contacts

For further information regarding Sierra Metals, please visit www.sierrametals.com or contact:

Mike McAllister
Vice President, Investor Relations
Sierra Metals Inc.
(416) 366 7777
Email: info@sierrametals.com

J.Alonso Lujan
Vice President, Exploration Sierra Metals Inc.
(51) 630 3100
(52) 614 426 0211

Luis Marchese
President & CEO
Sierra Metals Inc.
(416) 366 7777

Comstock Mining (LODE) – Releases Shareholder Letter Embarks on Transformational Green Shift

Posted on April 13, 2021 by Admin

Comstock Releases Shareholder Letter; Embarks on Transformational Green Shift with Climate Smart Mining and Environmental, Social and Governance (“ESG”) Projects

Kindest regards,
Corrado De Gasperis
Executive Chairman and Chief Executive Officer
Comstock Mining Inc.

About Comstock Mining Inc.

*Contact information:*
Comstock Mining Inc. P.O. Box 1118 Virginia City, NV 89440 ComstockMining.com	Corrado De Gasperis Executive Chairman & CEO Tel (775) 847-4755 degasperis@comstockmining.com	Zach Spencer Director of External Relations Tel (775) 847-5272 Ext.151 questions@comstockmining.com

Source: Comstock Mining

Aurania Resources (AUIAF)(ARU:CA) – Drilling Underway at Kuri-Yawi Target; Recent Financings Enhance Financial Flexibility

Posted on April 12, 2021 by Admin

Monday, April 12, 2021

Aurania Resources (AUIAF)(ARU:CA)
Drilling Underway at Kuri-Yawi Target; Recent Financings Enhance Financial Flexibility

As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Fully funded for remainder of 2021. Aurania Resources recently completed two financings, including a brokered equity issuance of 2,507,000 common shares for gross proceeds of C$7,771,700 and a private placement of 403,750 common shares for gross proceeds of C$1,250,000. Following the financings, the company had 46,843,388 shares outstanding by our estimate. Based on our forecasted expenditures, the company is fully funded for the remainder of the year.

Drilling Underway at Kuri-Yawi epithermal target. Diamond drilling is underway at the Kuri-Yawi target and is testing an epithermal target and a deeper porphyry target down to potentially 1,000 meters. Recall that Aurania’s Mobile MT geophysical survey clearly defined a feature thought to be the sulphide-bearing core of a porphyry at the Yawi target. Epithermal veins were encountered about 100 …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Release – Endeavor Silver (EXK) – Closes Sale of El Cubo Mine to VanGold Mining

Posted on April 12, 2021 by Admin

Endeavour Silver Closes Sale of El Cubo Mine to VanGold Mining

VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) —
Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) (“Endeavour”) announces that it has now closed the sale of the El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp. (“VanGold”) for $15 million in cash and share payments plus up to $3 million in future contingent payments (all dollar amounts in US dollars unless otherwise noted) (the “Transaction”).

VanGold paid $15,000,000 to Endeavour as follows:

$7.5 million cash on closing.
$5.0 million (C$6,399,317.40) in VanGold common shares (“VanGold Shares”) on closing, priced at $0.2344 (C$0.30) per VanGold Share for a total of 21,331,058 VanGold Shares (“Consideration
Shares”) representing approximately 10.9% of the issued and outstanding VanGold Shares.
$2.5 million promissory note due 12 months from closing.

VanGold has also agreed to pay Endeavour up to an additional $3,000,000 in contingent payments based on the following:

$1.0 million upon VanGold producing 3,000,000 silver equivalent ounces from the El Cubo mill, derived from either the El Cubo or El Pinguico project, $500,000 of which may, in VanGold’s discretion, be paid in VanGold Shares.
$1.0 million if the price of gold closes at or above $2,000 per ounce for 20 consecutive trading days within two years after the closing date of the Transaction.
A further $1.0 million if the price of gold closes at or above $2,200 per ounce for 20 consecutive trading days within three years after the closing date of the Transaction.

Bradford Cooke, Endeavour CEO and Director, commented, “We are pleased to close this transaction and I congratulate VanGold for helping make it a win-win deal for both companies. They are in the best position to create more value out of the El Cubo assets given their emerging El Pinguico project located very close to El Cubo, and we now become the largest shareholder of VanGold. I look forward to supporting VanGold in their efforts to become the next junior silver-gold producer in Mexico!”

On the closing of the Transaction, Endeavour acquired 21,331,058 VanGold Shares. Based on 194,931,838 VanGold Shares outstanding as of the closing date of the Transaction, the Consideration Shares represent 10.9% of the outstanding VanGold Shares on an undiluted basis. Prior to the closing date of the Transaction, Endeavour did not own any VanGold Shares or other securities of VanGold. Endeavour has agreed to abstain from voting its shares of VanGold, other than as recommended by VanGold’s management, for a period of 2 years, and to a 12-month restriction on the resale of any VanGold shares acquired in this Transaction.

Endeavour acquired its interest in the Consideration Shares for long term investment purposes and will continue to monitor the business, prospects, financial condition and potential capital requirements of VanGold. Endeavour may acquire additional securities of VanGold including on the open market or through private acquisitions or sell securities of VanGold including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Endeavour will file an early warning report in connection with the Transaction on SEDAR at www.sedar.com. A copy of the report may be obtained by contacting Galina Meleger at:

Contact Information
Galina Meleger, Director Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Email: gmeleger@edrsilver.com
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn

Cautionary Note Regarding Forward-Looking Statements

This
news release contains “forward-looking statements” within the meaning of the
United States private securities litigation reform act of 1995 and
“forward-looking information” within the meaning of applicable Canadian
securities legislation. Such forward-looking statements and information herein
include but are not limited to statements regarding future prospects of the El
Cubo and El Pinguico projects and future acquisitions or dispositions of
VanGold Shares. The Company does not intend to and does not assume any obligation
to update such forward-looking statements or information, other than as
required by applicable law.

Forward-looking
statements or information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, production
levels, performance or achievements to be materially different from those
expressed or implied by such statements. Such factors include but are not
limited to the ultimate impact of the COVID 19 pandemic on operations and
results, changes in production and costs guidance, national and local
governments, legislation, taxation, controls, regulations and political or
economic developments in Canada and Mexico; financial risks due to precious
metals prices, operating or technical difficulties in mineral exploration,
development and mining activities; risks and hazards of mineral exploration, development
and mining; the speculative nature of mineral exploration and development and
risks in obtaining necessary licenses and permits,

Forward-looking
statements are based on assumptions management believes to be reasonable,
including but not limited to: the continued exploration and mining operations,
no material adverse change in the market price of commodities, mining
operations will operate and the mining products will be completed in accordance
with management’s expectations and achieve their stated production outcomes,
and such other assumptions and factors as set out herein. Although the Company
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements or information,
there may be other factors that cause results to be materially different from
those anticipated, described, estimated, assessed or intended. There can be no
assurance that any forward-looking statements or information will prove to be
accurate as actual results and future events could differ materially from those
anticipated in such statements or information. Accordingly, readers should not
place undue reliance on forward-looking statements or information.

Source: Endeavour Silver Corporation

Palladium One Mining Inc. (NKORF)(PDM:CA)Shaping Up to be a Promising Open Pit Scenario

Sierra Metals Reports First Quarter 2021 Production Results

Sierra Metals Reports First Quarter 2021 Production Results

Palladium One Continues to Intersect Significant Widths at Kaukua South, Drills 47 Meters @ 2.3 g/t Pd_

Group 11 Technologies Signs Option Agreement with GFG to Advance the Rattlesnake Hills Gold Project with Revolutionary Technology

Live Webcast – April 15, 2021

Terms of the Agreement

Summary of Agreement Stages

Additional terms:

The Rattlesnake Hills Gold Project

About GFG Resources Inc.

About Group 11 Technologies Inc.

GFG Resources Inc.

Group 11 Technologies Signs Option Agreement with GFG to Advance the Rattlesnake Hills Gold Project with Revolutionary Technology

Live Webcast – April 15, 2021

Terms of the Agreement

Summary of Agreement Stages

Additional terms:

The Rattlesnake Hills Gold Project

About GFG Resources Inc.

About Group 11 Technologies Inc.

GFG Resources Inc.

Palladium One Continues to Intersect Significant Widths at Kaukua South, Drills 47 Meters @ 2.3 g/t Pd_

Comstock Releases Shareholder Letter; Embarks on Transformational Green Shift with Climate Smart Mining and Environmental, Social and Governance (“ESG”) Projects

Sierra Metals Discovers New High-Grade Oxide Zone Located Within the Current Mine Operations Area at the Yauricocha Mine, Peru

Sierra Metals Discovers New High-Grade Oxide Zone Located Within the Current Mine Operations Area at the Yauricocha Mine, Peru

Comstock Releases Shareholder Letter; Embarks on Transformational Green Shift with Climate Smart Mining and Environmental, Social and Governance (“ESG”) Projects

Aurania Resources (AUIAF)(ARU:CA)Drilling Underway at Kuri-Yawi Target; Recent Financings Enhance Financial Flexibility

Endeavour Silver Closes Sale of El Cubo Mine to VanGold Mining

Palladium One Mining Inc. (NKORF)(PDM:CA)
Shaping Up to be a Promising Open Pit Scenario

Aurania Resources (AUIAF)(ARU:CA)
Drilling Underway at Kuri-Yawi Target; Recent Financings Enhance Financial Flexibility