VANCOUVER, July 3, 2018 /CNW/ - Golden Reign Resources
Ltd. (TSXV: GRR) ("Golden Reign"), Marlin Gold Mining
Ltd. (TSX-V: MLN) ("Marlin") and Sailfish Royalty
Corp. (TSX-V: FISH) ("Sailfish") are pleased to announce
that they have entered into an agreement to further extend the
termination date of the previously announced non-binding letter of
intent (the "LOI") regarding the business combination of Golden
Reign's wholly-owned San Albino-Murra Property in Nueva Segovia, Nicaragua and Marlin's La Trinidad Mine in
Sinaloa, Mexico (see joint press
releases dated May 14, 2018 and
June 28, 2018). The LOI will now
terminate on the earlier of (a) July 31,
2018, (b) entering into of the definitive arrangement
agreement in connection with the business combination, and (c) such
other date as may be mutually agreed by the parties in writing. All
other terms of the LOI remain in full force and effect,
unamended.
About Golden Reign:
Golden Reign Resources Ltd. is a publicly listed (TSX-V: GRR)
mineral exploration company engaged in exploring the San
Albino-Murra Property and the El Jicaro Property, both of which are
located in Nueva Segovia,
Nicaragua. The company's
prime objective is to bring its San Albino Gold Deposit into
production quickly and efficiently, building cash flow to further
advance a number of its other prospective exploration targets.
The Company's land package comprises 13,771 hectares (138
km2) of prospective ground for gold and silver mineralization.
Hundreds of historical mines and workings exist within the Corona
de Oro Gold Belt, which is approximately 3 kilometres wide by 20
kilometres long and is spanned by the company's land package. For
additional information please visit our website at
www.goldenreign.com and SEDAR www.sedar.com.
About Marlin Gold
Marlin is a growth-oriented gold and silver mining company
focused on the Americas. The company owns three properties located
in Mexico and the USA and a portfolio of royalties. Marlin's
priority is to profitably operate its La Trinidad Mine, conduct
further exploration on its other projects and enhance shareholder
value through a strategic relationship with Sailfish Royalty Corp.
(TSX-V:FISH). Marlin is backed by a well-funded investor with a
successful track record in the resources sector. The La Trinidad
Mine in Sinaloa, Mexico declared
commercial production on November 1,
2014 and is one of the highest grade open pit heap leach
gold mines in Mexico.
About Sailfish Royalty
Sailfish is a yield-focussed royalty company. Sailfish
owns the TZ Royalty, which is a 3.5% royalty on revenues derived
from the sale of gold on Eldorado Gold Corp.'s advanced stage
Tocantinzinho gold project, and also holds a gold stream agreement
on the San Albino gold project in Northern Nicaragua.
Forward-Looking Statements: Some of the
statements contained herein may be considered "forward-looking
information" within the meaning of applicable securities laws.
Forward-looking information is based on certain expectations and
assumption that are considered reasonable at the time, however
undue reliance should not be placed on the forward looking
information as the companies can give no assurance that they will
provide to be correct. As forward-looking statements address
anticipated future events and conditions, such forward-looking
information is subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially
from those reflected in the forward-looking information, including,
without limitation, the risk that a Definitive Agreement is not
reached and the LOI is terminated and other risks and uncertainties
including those discussed in each company's disclosure documents
which can be found under each company's profile at www.sedar.com.
None of Golden Reign, Marlin or Sailfish undertakes any obligation
to revise or update any forward-looking information set forth
herein, except as may be required by law.
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.
SOURCE Golden Reign Resources Ltd.