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Cassiar Gold to Extend Warrants
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2026) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") announces
About this update from Cassiar Gold Corp
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2026) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") announces intention to apply to the TSX Venture Exchange ("TSXV") for approval and acceptance to amend the expiry term of outstanding common share purchase warrants ("Warrants") which were issued in connection with a private placement that completed in May 2024. The original term of the Warrants is two years and expires on May 3, 2026 (the "Original Expiry Date") and the Company proposes to extend the expiry date for one additional month to June 3, 2026 ("Warrant Extension"). No other terms of the Warrants are to be amended and the exercise price will remain at $0.50 per Warrant.The Warrant Extension remains subject to acceptance by the TSXV, which may include requiring the Company to obtain consent from the holders of Warrants that have exercised prior to the Original Expiry Date.About Cassiar Gold Corp.Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main project areas:Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in NI 43-101. The pit-constrained MRE contains Indicated Mineral Resources of 8.8 million tonnes (Mt) at 1.43 grams per tonne gold (g/t Au) for 410,000 ounces of gold in addition to Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces (Moz) of gold using a 0.4 g/t Au cut-off grade; 91% of ounces occur within 150 m of surface (see NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025); andCassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (NI 43-101 Technical Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property", prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective Ju...