PureGold Announces Expected Deadline for Non-Mediated Private Placement

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Vancouver, British Columbia (GLOBE NEWSWIRE) — Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) (“Pure Gold” or “Company”), May 20, 2022, previously announced unmediated Announced the vendor. Private placements (“offers”) for our units (“units”) will end on or around Wednesday, May 25th.^th, With one or more trunch in 2022. We have received a minimum allocation of units with a total revenue of $ 30 million based on the offering.

About Pure Gold Mining Co., Ltd.

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PureGold is a Canadian gold mining company located in the heart of Red Lake, Ontario, Canada. We own and operate the PureGold mine, which began commercial production in 2021 after successful construction of an 800 tpd underground mine and treatment facility. Gold reserves and resources are concentrated in 47 square kilometers of assets, which are very likely to be discovered. PureGold’s strategy is to pursue today’s operational excellence while investing in systematic research and gradual expansion to drive future discovery and growth.¹

Additional information about us and its activities can be found on our website. www.puregoldmining.ca And under the company profile www.sedar.com

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On behalf of the board
“”Mark Odia“”
Mark Odia, President and Chief Executive Officer

Investor Inquiries:
Adrian O’Brien, Director of IR & Communications
Tel: 604-809-6890
aobrien@puregoldmining.ca

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

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All statements in this press release, with the exception of historical facts, are the potential discovery of the PureGold mine and the end of the company’s strategy and equity finance. Information about the future outlook is often, but not always, “seeking,” “expecting,” “planning,” “continuing,” “planning,” “expecting,” “planning.” It is identified using words such as “predict”. , “Potential”, “Targeting”, “Intention”, “Believe”, “Potential”, and similar expressions, or “Goals”, or to explain variations of such words or phrases, or specific actions. , Event, or result is “”, “should”, “possible”, “possible”, “possible”, or “possible” is acquired, occurred, or achieved Will be done. Information on future prospects does not guarantee future performance, among other things, future prices of gold and other metals, exchange rates and interest rates, good operating conditions, political stability, government approval and deadlines. Financing within, obtaining renewals of existing licenses and permits and obtaining necessary licenses and permits, labor force stability, market stability, equipment availability, mineral resource accuracy, dispute resolution success and Expected costs and expenses. Many assumptions are based on factors and events that are not under PureGold’s control and there is no guarantee that they will prove correct.

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Information about such prospects includes known and unknown risks, and actual results are expressed by information about such prospects, including risks associated with the interpretation of the results in Pure Gold Red. Or it may differ significantly from the implied future results. Lake Incomplex; Project parameters change as the plan continues to improve. Current economic conditions; Future prices of commodities; Possible fluctuations in grade or recovery rate; Cost and timing of new deposit development. The device or process does not work as expected. Failure of the contracting party. Timing and success of general exploration and development activities. Delayed permission; possible billing to the company. Timing of future economic research. Labor disputes and other risks in the mining industry. Government approval, funding, or similar to the factors described in the company’s annual information form dated March 30, 2022 in the section entitled “Risk Factors” in PureGold’s SEDAR profile at www.sedar. Delayed completion of exploration. com.

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PureGold sought to identify key factors that could cause actual actions, events, or outcomes to differ materially from those described in the forward-looking information, but the actions, events, or outcomes are expected, estimated. , Or there may be other factors that cause it to be different from what you intended. Actual results and future events may differ materially from those expected in such statements, and there is no guarantee that such information will be proven to be accurate. PureGold disclaims any intention or obligation to update or revise any forward-looking information as new information, future events, or other consequences, except as required by law.