EnviroGold Global expands its IP portfolio with 20 patents and designs to advance CleanTech with a focus on resource recovery, resource beneficiation and contaminant removal. The Canadian Business Journal

TORONTO, November 7, 2022 (GLOBE NEWSWIRE) — EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF |FSE: YGK) (“EnviroGold Global” or the “Company”) accelerates the world’s transition to green A clean technology company. Circular Resource Economy announces that it has expanded its IP portfolio by acquiring 20 patents and designs (“CleanTech IP” or “Technology”). CleanTech IP consists of 13 patents and 7 design patents actively registered in the US, Australia, Canada, UK, Germany and Chile.

EnviroGold Global’s proprietary technology has been applied to its Hellyer Tailings project., An independent analysis by our flowsheet development partner, Core Resources, indicates that the project has a total post-tax free cash flow of US$350 million, with a gold recovery rate of over 80% and a silver recovery rate of 90%. has been shown to exceed (link). Application of our proprietary technology to Hellyer Tailings is expected to result in production of approximately 965,000 gold-equivalent ounces over a project life of approximately eight years through the release of precious metals, including gold and silver, and critical metals, including copper and lead. will be and zinc. The Hellyer Tailings resource is well researched in multiple JORC Technical Resource Reports and the updated NI 43-101 Mineral Resource Estimates (2022).

CleanTech IP includes patents for iron ore beneficiation, electrochemical oxidation, and removal and destruction of contaminants such as cyanide, arsenic, mercury and selenium. CleanTech IP also includes patents related to the removal of perfluoroalkyl and polyfluoroalkyl substances (“PFAS”) from mining and industrial wastewater. Commonly referred to as ‘forever chemicals’, PFAS are rapidly emerging as pollutants of significant concern for the world’s mining industry. The U.S. Environmental Protection Agency (“EPA”) is proposing to designate two of his most widely used PFASs as hazardous substances under CERCLA or Superfund. We expect CleanTech IP to significantly improve metal recovery and environmental remediation capabilities, while spurring future growth into Direct Lithium Extraction (“DLE”), where the technology shows great potential.

Commenting on the expansion of the IP portfolio, NVRO CTO Brock Hill said: nickel, cobalt, lithium. The clean energy transition alone is expected to require more than 3 billion tonnes of additional metals, increasing demand for electricity storage and transportation. At the same time, social pressures and concerns about the environment have made it imperative that these materials are produced cleanly and responsibly. Also, the environmental remediation obligations facing the industry have increased the need for environmental remediation solutions. EnviroGold Global’s core identity is his CleanTech innovator focused on developing and commercializing IPs that can deliver significant returns to shareholders while solving social and environmental challenges. This expansion of EnviroGold Global’s IP portfolio significantly advances our strategy, strengthens our technology base and opens new avenues in developing high-value solutions for industry and society. Leading EnviroGold Global’s technology development initiatives will continue to advance our mission to transform the world’s excess waste into responsibly produced, valuable and vital materials for a modern circular economy. I am honored to ”

About EnviroGold Global

EnviroGold Global (CSE: NVRO) (OTCQB: ESGLF) (FSE: YGK) establishes ESG and circular economy leadership by profitably reprocessing and remediation of mine waste (tailings) is a cleantech company dedicated to creating shareholder value. Strategic metals such as gold, silver, copper and nickel. Led by CEO Dr. Mark Thorpe, the company is strategically positioned to acquire and maintain social licenses while leveraging an estimated US$3.4 trillion in situ metals value in tailings worldwide. Dr. Thorpe is also Chair of the Canadian Mining Innovation Council.

EnviroGold Global’s commercial strategy includes applying proprietary and advanced technologies to solve some of the world’s most difficult waste-related problems while generating profits from resource recovery. EnviroGold Global’s commercial strategy revolves around three distinct strategic horizons and in the near term the company will apply its proprietary precious and critical metals release technology to recover valuable materials from refractory mine tailings. focus on doing. High free cash flow starting with his Hellyer tailings reprocessing project in 2023. On the surface he has over 280 billion tonnes of mine tailings, containing metals valued at over US$3.4 trillion. Leveraging an in-depth proprietary screening process, our extensive market analysis has identified potential tailings targets with an included value of over $10 billion, representing substantial and scalable economic opportunities. Refractory, polymetallic and VMS tailings were identified as mineral subsegments. As EnviroGold Global successfully commercializes its metal release technology, the company plans to expand its commercialization efforts to include other high-value waste reclamation and environmental remediation opportunities.

EnviroGold Global acquires metal recovery rights to tailings sites by leveraging a profit-sharing business model to create an attractive value proposition for site owners. Our business model is designed to generate high free cash flow and high target IRR while eliminating traditional exploration and mining risk. The company hopes to reduce the environmental footprint of traditional mining while producing metal with up to 96% lower carbon footprint than traditional metal producers.

As of November 2022, we have eight major projects in our global project pipeline, including two major projects under final contract and various projects in commercial negotiations and detailed technical/economic reviews. Includes six additional major projects in stages.

The company plans to start producing precious metals (gold and silver), clean energy metals and battery metals (copper, lead and zinc) at its Australian project in 2023.

Further information

Dr. Mark B. Thorpe

Chief executive officer

Phone: +1 416 777 6720

Email: [email protected]

Juan Carlos Giron Jr.

senior vice president

Phone: +1 416 777 6720

Email: [email protected]

Website: www.EnviroGoldGlobal.com

Neither the Canadian Stock Exchange nor its regulatory service providers (as that term is defined in the Canadian Securities Exchange Policy) take responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. This includes, but is not limited to, earnings guidance, economic guidance, operational guidance and future capital expenditures. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

The diagrams included in this news release are approximate representations and may differ from defined regulatory boundaries.

Generally, such forward-looking information or forward-looking statements may not include words such as “plans,” “expects,” “anticipates,” “anticipates,” “budgets,” “plans,” or “anticipates.” Identified by the use of forward-looking terminology. ‘, ‘estimate’, ‘predict’, ‘intend’, ‘predict’, ‘do not predict’ or ‘believe’ or variations of such words or phrases or specific actions, events or May include statements that results “could”, “could”, “could”, “could”, or “taken”, “continue”, “occur”, or “achieved”. The forward-looking information and forward-looking statements contained herein involve the Hellyer Tailings Reprocessing Project and the anticipated terms of its completion, our cooperation with the owners of Hellyer Tailings, the economics of the Hellyer Tailings Reprocessing Project, statement on the feasibility and residual precious metals of restoration as a by-product, expanding the company’s reprocessing pipeline, and the company’s ability to accelerate the world’s transition to a circular resource economy. The forward-looking information in this news release is based on certain assumptions and expected future events. Continued commercial viability and growth in the clean technology and mining waste reprocessing industries. Continued approval of our activities by relevant governmental and/or regulatory authorities. Continuous development of clean technology and mining waste reprocessing technology. and continued growth of the company. These statements involve known and unknown risks, uncertainties and other factors that cause actual results, performance or achievements to be expressed or implied by such statements. may differ significantly from going concern; related to the company’s inability to accelerate the world’s transition to a circular resource economy, risks associated with assessing metallurgical recovery from mine tailings and waste, and related volumetric assessments Risks, risks associated with the mining and mining waste recycling industry in general. Increased competition in the clean technology and waste reprocessing markets. Potentially non-viable clean technology and mining waste reprocessing markets. Incorrect assessment of the value and potential profit of various transactions. risks associated with potential governmental and/or regulatory actions related to clean technology and mining waste reprocessing; risks associated with the potential collapse of the value of clean technology and waste reprocessing; risks associated with our inability to expand our reprocessing pipeline;

Readers should note that the preceding list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements. Because there can be no guarantee that the plans, intentions, or expectations on which they are placed will come true. Although such information was believed to be reasonable by management at the time it was prepared, it may prove to be inaccurate and actual results may differ materially from expectations. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement, reflect our expectations as of the date of their announcement, and are subject to change thereafter. We undertake no obligation to update or revise any forward-looking statements as a result of new information, estimates or opinions, future events or results, or otherwise, or subsequent actual events and any such forward-looking information. assumes no obligation to explain material differences between except where required by applicable law.

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