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Explaining the recent $4.5 million dollar private placement by Corvus Gold.

Big Al
June 12, 2018

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Corvus Gold Closes $4.5M Financing with Strategic Investor to Advance Its Mother Lode Project Through 2019

June 7, 2018

Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces it has completed a CAD $4,500,002 private placement (the “Private Placement”).  Pursuant to the Private Placement, the Company issued 1,730,770 common shares at a price of CAD $2.60 to a key strategic shareholder. No warrants were issued. Proceeds of the financing will fund the planned Phase Three 30,000 metre exploration drill program at Mother Lode project through 2018-19.

Jeff Pontius, President and CEO of Corvus, said, “We are pleased to have secured the funding for our Phase Three Mother Lode exploration program with a strategic investor.  The Company appreciates the confidence this investment shows in Corvus Gold’s ability to advance the large new Nevada, North Bullfrog and Mother Lode gold projects.  Our shareholders can look forward to continued news flow on our progress of the Mother Lode project including a maiden resource expected in Q3 and a combined North Bullfrog-Mother Lode preliminary economic assessment expected in Q4.”

The common shares issued in the Private Placement are subject to a minimum 6-month hold period unless otherwise registered under applicable securities laws.  The Toronto Stock Exchange has granted conditional approval to the issuance of the Corvus common shares under the Private Placement.

The foregoing securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended or any applicable state securities laws and may not be offered or sold absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About the North Bullfrog & Mother Lode Projects, Nevada

Corvus controls 100% of its North Bullfrog Project, which covers approximately 72 km² in southern Nevada.  The property package is made up of a number of private mineral leases of patented federal mining claims and 865 federal unpatented mining claims.  The project has excellent infrastructure, being adjacent to a major highway and power corridor as well as a large water right. The Company also controls 194 federal unpatented mining claims on the Mother Lode project which totals 1,597 hectares which it owns 100% of.

About Corvus Gold Inc.

Corvus Gold Inc. is a North American gold exploration and development company, focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode Districts in Nevada.  In addition, the Company controls a number of royalties on other North American exploration properties representing a spectrum of gold, silver and copper projects.  Corvus is committed to building shareholder value through new discoveries and the expansion of its projects to maximize share price leverage in an advancing gold and silver market.

On behalf of

Corvus Gold Inc.

(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
President & Chief Executive Officer

Contact Information:  Ryan Ko
Investor Relations
Email: info@corvusgold.com
                                    Phone: 1-844-638-3246 (toll free) or (604) 638-3246

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation.  All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the potential use of proceeds from the offering, the advancement and development of our Mother Lode project and the expansion of our 2018 drill program; the full funding of the 2018 drill program as a result of the financing; updates on the development progress at the Mother Lode project; expected timing for the maiden mineral resource estimate and the combined North Bullfrog – Mother Lode preliminary economic assessment; the potential for new deposits and expected increases in a system’s potential; anticipated content, commencement and cost of exploration programs, anticipated exploration program results, are forward-looking statements.  Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events.  The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, the Company’s inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2017 filed with certain securities commissions in Canada and the Company’s most recent filings with the United States Securities and Exchange Commission (the “SEC”).  All of the Company’s Canadian public disclosure filings in Canada may be accessed via www.sedar.comand filings with the SEC may be accessed via www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

Discussion
36 Comments
    Jun 12, 2018 12:35 PM

    Bitcoin down to a new 2018 low – $6,504.17

    https://markets.bitcoin.com/crypto/BTC

      Jun 12, 2018 12:52 PM

      Bre-x is my all time favorite swindle, the rest are just sideshows. There is nothing like being fed on stories of sudden wealth, a gold mine in Indonesia could work miracles. At $258 per share why would that be crazy? The men at the top made millions the little got busted. Look at pictures of young men drawn into the Klondike in the 1890’s, what insanity. DT

        Jun 12, 2018 12:53 PM

        little guy

          Jun 13, 2018 13:27 AM

          Yes the men at the top made millions on the Bre-X scam & lie and it hurt the mining industry for over a decade and still lingers as a black on the miners over 2 decades later.

          Yes the little guy (aka trend following retail investor) got busted. Trend followers that jump in when an investment feels “safe” or “obvious” always buy the tops.

          The droves of people opening new Bitcoin & crypto accounts in Nov & Dec 2017 at record levels were no different.

            Jun 13, 2018 13:28 AM

            (Bre-x) …. still lingers as a “black eye” on the miners over 2 decades later.

      Jun 13, 2018 13:23 AM

      Bitcoin …. aka “Gold2.0” got down to $6399 earlier this morning, but has has rallied up some to the $6433 level.

      Still plumbing new lows since the peak last December with the current economic backdrop.

      Gold…. aka “Gold1.0” is still holding it’s value amongst all the economic data and has been relatively flat and boring, like a real currency.

      Here is a chart showing how things have looked so far in 2018 with Gold & Bitcoin:

      http://cdn.ceo.ca/1di1vfm-Gold%20-%20Bitcoin.JPG

        Jun 13, 2018 13:30 AM

        Gold1.0 still looks like a currency.

        Gold2.0 stil looks like a speculative trading vehicle with the wind coming out of its sails.

    CFS
    Jun 12, 2018 12:52 PM

    I wonder if issuing shares to Anglo Gold Ashanti either enhances the possibility that that company will takeover Corvus, or deter other companies from takeover attempts.
    I don’t know. I do applaud not issuing warrants,at some discount price, however.
    (I do own some Corvus)

    CFS
    Jun 12, 2018 12:01 PM

    Anglo now holds approx 39 million shares of Corvus

      Jun 12, 2018 12:21 PM

      Buffett’s $116 billion mountain of cash was enough to literally buy any of the 450 largest companies in the United States.

      But he didn’t buy a single one. Why? Because they’re all too expensive. Asset prices are far too high.

      So… here is the most successful investor in modern history who:

      1) Didn’t buy anything in 2017;

      2) Is stockpiling a mountain of cash;

      3) Is now selling an asset that he would typically hold forever because another company made an absurdly high offer for the business

      It’s true that no one rings a bell at the top (or bottom) of any market.

      But it seems pretty clear from Buffett’s actions that it might be a good time to take some money off the table and wait patiently for the compelling opportunities yet to come.

        Jun 12, 2018 12:23 PM

        Yesterday, USG agreed to a $7 billion takeover bid from another drywall manufacturer, Germany-based Knauf.

        Presuming the deal closes, Buffett’s investment in USG will net around $2 billion, nearly 7x his original investment ten years ago. Not a bad return.

        But here’s the interesting thing.

        Warren Buffett is notorious for almost NEVER selling. His famous quip, “Our favorite holding period is forever,” means that he likes to find wonderful businesses that are selling at a discount, buy as much of them as possible, and enjoy the returns of that investment indefinitely.

        In other words, if you’ve acquired a fantastic, well-performing asset at a cheap price, why sell?

        And he practices what he preaches. Buffett rarely sells anything

    Jun 13, 2018 13:34 AM

    Radical plan to split California into three states earns spot on November ballot

    John Myers – June 12, 2018

    http://www.latimes.com/politics/la-pol-ca-california-split-three-states-20180612-story.html

    Jun 13, 2018 13:39 AM

    These Silver Stocks could Benefit From the Electric Car Revolution
    14 hours ago | Angela East

    https://stockhead.com.au/resources/electric-cars-and-solar-energy-could-drive-a-bright-future-for-these-silver-stocks/

    Jun 13, 2018 13:28 AM

    1%ers Need to lose some of their assets……….
    https://www.zerohedge.com/news/2018-06-13/fed-not-our-side

    CFS
    Jun 13, 2018 13:53 AM
      Jun 13, 2018 13:29 PM

      CFS….Great link , I would recomend everyone listen to this , one hour & fifteen minutes.

    Tom
    Jun 13, 2018 13:09 AM

    long RESN

    CFS
    Jun 13, 2018 13:31 AM

    Off topic: Novo Resources.

    Not only has Eric Sprott a significant and increasing ownership stake in Novo, I notice a private company controlled by Sprott (specifically 2176423 Ontario Ltd) also has been buying and now owns a significant chunk.

    CFS
    Jun 13, 2018 13:37 AM

    You won’t hear this on MSM:

    Christian Tybring-Gjedde and Per-Willy Amundsen, lawmakers with the populist Progress Party, told Norwegian news agency NTB on Wednesday that Trump “had taken a huge and important step in the direction of the disarmament, peace and reconciliation between North and South Korea.”

    A group of U.S. lawmakers also are backing Trump’s nomination for the 2019 Nobel Peace Prize.

    The process of considering candidates and awarding the Nobel Peace Prize is done in Norway. Nominations must be sent to the Norwegian Nobel Committee before Feb. 1. The committee doesn’t publicly comment on who was nominated, information which is required to be kept secret for 50 years.

    Jun 13, 2018 13:43 PM

    The silver juniors are up sharply versus the gold seniors today and that is bullish for the whole sector. SILJ:GDX…
    http://schrts.co/njs3vr

    Jun 13, 2018 13:44 PM

    UUP is struggling at the 200 week MA…

    http://schrts.co/3CX2uY