TORONTO, ONTARIO – November 28, 2017: Galane Gold Ltd. (“Galane Gold” or the “Company”) (TSX-V: GG), at the request of IIROC, would like to clarify certain information contained in its previously disseminated November 28, 2017 press release (the “Press Release”). The comment with regards to the Company’s Galaxy property is based on a technical report entitled “A Technical Report on the Galaxy Gold Mine, Mpumalanga Province, South Africa” which was issued January 4, 2016 with an effective date of September 1, 2015 (the “Galaxy Technical Report”), and was prepared by Minxcon (Pty) Ltd and approved by Daniel van Heerden, B Eng (Min.), MCom (Bus. Admin.), Pr. Eng., FSAIMM, AMMSA, a Qualified Person as defined by National Instrument 43-101. The Galaxy Technical Report satisfies the requirements to be a pre-feasibility study.
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.
For further information please contact:
Nick Brodie
CEO, Galane Gold Ltd.
+ 44 7905089878
[email protected]
www.GalaneGold.com
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Golconda Gold Ltd.
181 Bay Street
Suite 1800
Toronto, Ontario
[email protected]