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January 24, 2024 – TheNewswire -- Vancouver, British Columbia: Gold Basin Resources Corporation (the "Company" or "Gold Basin")– ( TSXV : GXX ) ( OTC:GXXFF ) announces that, further to its news release of January 12,2024, the TSX Venture Exchange has granted an extension to thedeadline for filing final documentation for the private placement toFebruary 23, 2024.
The proceeds of the private placement are intended tofund future and ongoing exploration campaigns at Gold Basin's mineralproject, including drilling, soil sampling, and geophysics, andgeneral working capital.
ABOUT GOLD BASIN RESOURCES CORPORATION
Gold Basin Resources Corporation is advancing the 42km 2 Gold Basin Project, located in the tier one mining jurisdiction ofMohave County, Arizona. Gold Basin is accessible year-round via a1.5-hour-drive on I-93 Highway southwest of Las Vegas, and high-powerelectrical lines from the Hoover Dam crosscut the southern Projectarea. The immediate focus of Gold Basin’s highly experiencedtechnical team is to expand and delineate multiple at-surface oxidegold deposits and prove the project’s district-scale potential. Forfurther information, please visit the Company’s web site at: www.goldbasincorp.com .
Gold Basin is a member of Discovery Group, an allianceof public companies focused on the advancement of mineral explorationand mining projects. For more information please visit: www.discoverygroup.ca .
On Behalf of the Board of Directors
Colin Smith
Chief Executive Officer
For further information, please contact:
Michael Rapsch
VP, Corporate Development
Phone: 1-604-331-5093
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this news release.
FORWARD-LOOKING STATEMENTS:
This news release contains forward-looking statementsand forward-looking information (collectively, "forward-lookingstatements") within the meaning of applicable Canadian and U.S.securities legislation. All statements, other than statements ofhistorical fact, included herein including, without limitation,statements regarding the completion of the Financing, payment offinder's fees, the use of proceeds from the Financing, the holding ofthe AGSM and the anticipated business plans and timing of futureactivities of the Company, are forward-looking statements. Althoughthe Company believes that such statements are reasonable, it can giveno assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words suchas: "believes", "expects","anticipates", "intends", "estimates","plans", "may", "should","would", "will", "potential","scheduled" or variations of such words and phrases andsimilar expressions, which, by their nature, refer to future events orresults that may, could, would, might or will occur or be taken orachieved. Forward-looking statements involve known and unknownrisks, uncertainties and other factors which maycause the actual results, performance or achievements of the Companyto differ materially from any future results, performance orachievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, statements as tothe closing of the Financing, anticipated business plans, directionand timing of future activities of the Company, the ability of theCompany to obtain sufficient financing to fund its business activitiesand plans, delays in obtaining governmental and regulatory approvals(including of the TSXV), permits or financing, changes in laws,regulations and policies affecting mining operations, currencyfluctuations, title disputes or claims, environmental issues andliabilities, risks relating to epidemics or pandemics such asCOVID–19, including the impact of COVID–19 on the Company'sbusiness, financial condition and results of operations, changes inlaws, regulations and policies affecting mining operations, titledisputes, the inability of the Company to obtain any necessarypermits, consents, approvals or authorizations, the timing andpossible outcome of any pending litigation, environmental issues andliabilities, and risks related to joint venture operations, and otherrisks and uncertainties disclosed in the Company's continuousdisclosure documents. All of the Company's Canadian publicdisclosure filings may be accessed on SEDAR+ at www.sedarplus.ca andreaders are urged to review these materials.
Readers are cautioned not to place undue reliance onforward-looking statements. The Company does not undertake anyobligation to update any of the forward-looking statements in thisnews release or incorporated by reference herein, except as otherwiserequired by law.
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