Vancouver, July 31, 2024– Stellar AfricaGold Inc., (TSX-V: SPX, FSE: 6YP1 FSX: 6YP1) (“Stellar” or the “Company”) is pleased to announce:
Stock Option Grants
The Company has granted 1,100,000 incentive stock options to directors and officers of the Company The options are exercisable at $0.07 per share until July 31, 2029 and are granted pursuant to the Company’s approved Stock Option Plan.
About Stellar AfricaGold Inc.
Stellar AfricaGold Inc. is a Canadian precious metal exploration company listed on the TSX Venture FSX: 6YP1.
Stellar’s principal exploration project is its advancing gold discovery at the 82 square kilometre Tichka Est Gold Project in Morocco the earn-in option for which is currently in the final stages of extension negotiation with ONYHM, Morocco. The Company also holds the recently granted, highly prospective 395.8 square kilometer Zuénoula exploration permit in Côte d’Ivoire.
The Company is head officed in Vancouver, British Columbia. The Company also has a representative office in Casablanca, Morocco.
Stellar’s President and CEO J. François Lalonde can be contacted at 514-994-0654 or by email at lalondejf@stellarafricagold.com
Additional information is available on the Company’s website at www.stellarafricagold.com.
Exchange symbol TSXV: SPX, the Tradegate Exchange TGAT: 6YP1 and the Frankfurt Stock Exchange
On Behalf of the Board
J. François Lalonde
President & CEO
This release contains certain “forward-looking information” under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”,”scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.
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 release.
