(TheNewswire)
Vancouver, British Columbia – TheNewswire – May 25,2021 - Exploits Discovery Corp., (“Exploits” or the “Company”)(CSE:NFLD) (OTC:RNRRF) (FSE:634-FF) (CNSX:NFLD.CN) announces that, inaccordance with the Company’s stock option plan, it has granted tocertain of its directors, officers, employees and consultantsincentive stock options to purchase up to an aggregate of 1,775,000common shares exercisable on or before May 25, 2023 at a price of$1.33 per share.
About Exploits Discovery Corp.
Exploits Discovery is a Canadian mineral explorationcompany focused on the acquisition and development of mineral projectsin Newfoundland, Canada. All projects within Exploits’ portfolio liewithin the Exploits Subzone. The Company currently holds theJonathan's Pond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, GreatBend and Gazeebow projects which cumulatively cover an area of over2,000 square kilometres.
The Company believes that the Exploits Subzone, whichruns 200 km from Dog Bay southwest to Bay d'Espoir, has been neglectedsince the last major exploration campaigns in the 1980s. The last 40years have seen incremental advancements in the understanding of goldmineralization in the camp. The sum of this knowledge is now comingtogether in discrete and effective exploration models that havedelivered discovery such as New Found Gold's 2019 discovery drillinterval of 92.9 g/t Au over 19.0 metres near surface. The ExploitsSubzone and GRUB regions have been the focus of major staking andfinancing throughout 2020-21, with increased exploration activitiesforecasted in the area in 2021.
The team at Exploits, with significant local experienceand knowledge, have studied the entirety of the Exploits Subzone andpicked individual land packages for staking or joint venture wherethere is an opportunity for world class discoveries and minedevelopment. Exploits intends to leverage its local team and thelarger shift in understanding and become one of the most extensiveexplorers in the Exploits Subzone.
ON BEHALF OF THE BOARD
/s/ "Michael Collins "
President and CEO
For further information, pleasecontact:
Michael Collins, CEO
Tel: ( 778 ) 819 -270 8
Neither the Canadian SecuritiesExchange nor its Regulation Service Provider (as the term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy of accuracy of this newsrelease.
Forward-Looking Statements
This news release contains certain forward-lookingstatements, which relate to future events or future performance andreflect management's current expectations and assumptions. Suchforward-looking statements reflect management's current beliefs andare based on assumptions made by and information currently availableto the Company. Readers are cautioned that these forward-lookingstatements are neither promises nor guarantees, and are subject torisks and uncertainties that may cause future results to differmaterially from those expected including, but not limited to, marketconditions, availability of financing, actual results of the Company'sexploration and other activities, environmental risks, future metalprices, operating risks, accidents, labor issues, delays in obtaininggovernmental approvals and permits, and other risks in the miningindustry. All the forward-looking statements made in this news releaseare qualified by these cautionary statements and those in ourcontinuous disclosure filings available on SEDAR at www.sedar.com . These forward-lookingstatements are made as of the date hereof and the Company does notassume any obligation to update or revise them to reflect new eventsor circumstances save as required by applicable law.
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