(TheNewswire)
Vancouver, British Columbia - TheNewswire –February 1, 2022 - Exploits Discovery Corp. (“Exploits” or the“Company”) (CSE:NFLD) (CNSX:NFLD.CN) (OTC QX :NFLDF) (FSE:634-FF) has qualified to trade on the OTCQX® Best Market.Exploits Discovery Corp. upgraded to OTCQX from the OTCQB® VentureMarket.
Exploits Discovery Corp. begins trading today on OTCQX under thesymbol “NFLDF.” U.S. investors can find current financialdisclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
The OTCQX Market is designed for established, investor-focused U.S.and international companies. To qualify for OTCQX, companies must meethigh financial standards, follow best practice corporate governance,and demonstrate compliance with applicable securities laws. Graduatingto the OTCQX Market from the OTCQB Market marks an important milestonefor companies, enabling them to demonstrate their qualifications andbuild visibility among U.S. investors.
“As we explore for world class gold deposits on our large landpackage in the heart of the Newfoundland gold rush we value being partof the OTC Market Group and the efficient and transparent platform itprovides to our U.S. shareholders” said Exploits CEO Jeff Swinoga.“This graduation to the OTCQX is a step in the right direction as welook to increase market awareness and visibility for the investmentcommunity.”
Management Update
We are pleased to announce that Shanda Kilborn joins usas our VP of Investor Relations. Shanda has over 15 years ofexperience in the mining sector. She has built her career by providingcorporate development, investor relations and corporate affairsservices for publicly-traded companies. Ms. Kilborn holds a BA fromthe University of Ottawa.
“Our team is excited to be working with Shanda who’s expertise andknowledge will be instrumental in creating awareness of our tremendouspotential for gold discoveries in Newfoundland” said Exploits CEOJeff Swinoga.
The Company further announces that, in accordance with the Company’sstock option plan, it has granted new employees and consultants275,000 options exercisable on or before February 1, 2025 at a priceof $0.45 per share. The vesting conditions are: 25% vestedimmediately, 25% after three months, 25% after six months, and theremainder in nine months.
About Exploits Discovery Corp.
Exploits Discovery is a Canadian mineral exploration company focusedon the acquisition and development of mineral projects inNewfoundland, Canada. The Company currently holds the Jonathan'sPond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend, andGazeebow projects covering approximately 2,000 square kilometres ofmineral tenements. The 50% owned PB Hill projects syndicate covers anadditional area of almost 2,000 square kilometres.
Exploits believes that the Exploits Subzone Gold Belt, which runs200 kilometres from Dog Bay southwest to Bay d'Espoir, has beenneglected since the last major exploration campaigns in the 1980s. Thelast 40 years have seen incremental advancements in the understandingof gold mineralization in the camp. The sum of this knowledge is nowcoming together in discrete and effective exploration models that havedelivered results including New FoundGold's 2019 discovery hole. The Exploits Subzone has been the focus ofmajor staking and financing since late 2019 with high grade golddiscoveries by Newfound Gold and Labrador Gold as well as advancedresource development by Sokoman Minerals.
The team at Exploits, with significant local experience and knowledge,have studied the entirety of the Exploits Subzone and surroundingregions, and having picked individual land claims for staking,purchase or joint ventures, have developed a land package where thereare opportunities for world class discoveries and mine development. Exploits intends to leverage itslocal team and the larger shift in geologic understanding and becomeone of the most extensive explorers in the Exploits Subzone.
ON BEHALF OF THE BOARD
/s/ "Jeff Swinoga"
President and CEO
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.
Exploits Discovery would like to acknowledge the financial support ofthe Junior Exploration Assistance Program from the Department ofNatural Resources, Government of Newfoundland and Labrador.
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