NEW PLACER DOME GOLD Corp. AMENDS BOLO OPTION AGREEMENT - New Placer Dome Skip to content

News Release

TSX-V: NGLD | OTCQB: NPDCF | FSE: BM5

News Release – Vancouver, British Columbia – December 30, 2021: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB: NPDCF) (FSE: BM5) is pleased to announce that effective December 30, 2021 it has amended the June 27, 2018 Bolo option agreement (the “Bolo Agreement”) with Allegiant Gold Ltd., Allegiant Gold Holding Ltd. and Allegiant Gold (U.S.) Ltd. (“Allegiant”), pursuant to which New Placer Dome has the option to acquire up to a 75% interest in the Bolo Project located in Nye County, Nevada, USA (the “Bolo Property”). Pursuant to the amendment, a deficiency of USD$400,000 of USD$1,250,000 in expenditures on the Bolo Property required to be made by New Placer Dome in the 2021 calendar year would instead be paid in USD$250,000 cash and USD$150,000 common shares of New Placer Dome at a price of CAD$0.08 per share, calculated based on the exchange rate on the date of issuance. New Placer Dome made these cash and common share amendment payments on December 30, 2021, such that the sole requirement remaining for New Placer Dome to acquire an initial 50.01% interest in the Bolo Property is USD$1,500,000 of expenditures on the Bolo Property in the 2022 calendar year. If acquired, New Placer Dome has thirty days to give notice to Allegiant that it elects to acquire an additional 24.99% interest in the Bolo Property by incurring an additional USD$4,000,000 in expenditures on the Bolo Property within two years of the date of notice of the election. The common shares issued pursuant to the amendment are subject to a four month hold period in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

About New Placer Dome Gold Corp.

New Placer Dome Gold Corp. is a gold exploration company focused on acquiring and advancing gold projects in Nevada. New Placer Dome’s flagship Kinsley Mountain Gold Project, located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture), hosts Carlin-style gold mineralization, previous run of mine heap leach production, and NI 43-101 indicated resources containing 418,000 ounces of gold grading 2.63 g/t Au (4.95 million tonnes) and inferred resources containing 117,000 ounces of gold averaging 1.51 g/t Au (2.44 million tonnes)[1]. The Bolo Project, located 90 km northeast of Tonopah, Nevada, is another core asset, similarly hosting Carlin-style gold mineralization. New Placer Dome also owns 100% of the Troy Canyon Project, located 120 km south of Ely, Nevada. New Placer Dome is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favorable jurisdictions.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC), Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of New Placer Dome and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein.

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information:

Max Sali, Chief Executive Officer & Director

Tel: 604 367 8117

Email: msali@newplacerdome.com

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

 Forward-Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements that address the Bolo Agreement and the acquisition of the Bolo Property, other statements relating to the technical, financial, and business prospects of the Company, its projects, and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.com. There is a possibility that future exploration, development or mining results will not be consistent with the Company’s expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, decrease in the price of gold and other metals, failure to maintain community acceptance, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.


[1] Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021, with an effective date of May 5, 2021, and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com).

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