Northern Lion Closes Option Agreement to acquire Riverside Property near Kamloops, B.C.
NEWS RELEASE
Northern Lion Closes Option Agreement to acquire Riverside Property near Kamloops, B.C.
June 26, 2017 TSX-V Symbol: NL Frankfurt Symbol: N3E
Vancouver, British Columbia: Northern Lion Gold Corp. (the “Company”) reports that it has completed the initial closing of the option agreement to acquire a 100% interest in the Riverside property located approximately 20 kilometres east of Kamloops, British Columbia as announced March 22, 2017 by issuing 400,000 common shares of the Company to the optionor, Andrew Molnar. These shares are subject to a statutory hold period of four months and one day expiring October 21, 2017.
The Company will now commence an initial work program on the Riverside property comprised of property mapping, trenching and ground geophysics as recommended in the NI 43-101 technical report on the Riverside property dated March 24, 2017 prepared by Derrick Strickland, P. Geo., a copy of which will be filed under the Company’s profile on SEDAR.
Historic results from previous exploration by Corona Corporation between 1988 and 1990, including geological and sampling (rock and chip) programs and two reverse circulation drill holes totalling 350.5 metres, indicate that the Riverside property is prospective for gold mineralization.
NORTHERN LION GOLD CORP.
John Lando, President
For information with respect to Northern Lion or the contents of this news release, please contact the Company at (604) 669-2701 or toll free at 1 800 663 0510.
This news release includes "forward-looking information", as such term is defined in applicable securities laws. Forward-looking information includes, but is not limited to, the Company’s ability to satisfy the option conditions and the prospective nature of the Riverside Property for gold mineralization. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of
P.O. BOX 62, 488-625 HOWE STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6C 2T6 TELEPHONE: (604) 669-2701 FAX: (604) 687-4670 Email: [email protected] the date of this news release and, except as required by law, the Company is under no obligation to update or alter any forward-looking information.
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