Business Overview Visionstate Corp. is a publicly traded company listed on the Toronto Venture Exchange (TSXV: VIS). The Company has two operating divisions which are wholly owned subsidiaries of Visionstate Corp., including Visionstate IoT Inc., which is focused on Internet of Things applications for facility management, and Next Vision IoT Inc., a company formed in 2021 to conduct development of related IoT applications, including integrating conversational artificial intelligence for customer service in brick-and-mortar environments. Visionstate Corp. has also invested in privately held companies which are synergistic with its operating divisions, including Sol Spaces Inc. (formerly Exceed Solar Inc.) and Freedom Cannabis Inc.

Visionstate IoT Inc. develops and markets technology under the brand name "Wanda" for tracking and monitoring cleaning and maintenance activities in diverse environments such as hospitals, airports, office buildings, schools, and shopping centers. Branded under the name "Wanda," the technology was originally designed to track cleaning activities in restrooms using industrial touchscreen tablets mounted on the exterior of the restroom

In fiscal year 2022, Visionstate IoT Inc. focused on market expansion for the mobile version of its Wanda technology, known as WandaMOBILE. This mobile app served as a complete facility management tool, enabling tracking of any location or item within and outside a facility. In March 2023, the WandaMOBILE app underwent a significant upgrade, expanding its functionality. With the ability to utilize QR codes or NFC tags, the software can now track a wide range of assets and items beyond cleaning protocols. This upgrade allows for enhanced tracking and monitoring capabilities, offering a versatile solution for facility managers.

Moreover, Visionstate Corp. made investments in artificial intelligence (AI) and has integrated AI capabilities into the Wanda platform. The introduction of AI enhances the functionality of Wanda, enabling advanced analytics, predictive maintenance, and intelligent insights for facility management. The integration of AI technology further strengthens Visionstate IoT Inc.'s offering and positions the company at the forefront of innovation in the facility management space.

Wanda is sold as a software-as-a-service (SaaS) solution through the company's global distribution partner. With no upfront hardware costs for WandaMOBILE, the technology can be deployed rapidly across various environments. The low deployment costs and maintenance fees contribute to a margin of approximately 90% for WandaMOBILE. The mobile app has been well-received in the market, and based on user feedback, new features have been developed, including audit capabilities, work orders, task assignments for cleaning staff, and scheduling of cleaning events.

The Wanda platform, with its upgraded mobile app and AI integration, offers a comprehensive solution for facility management needs. By utilizing QR codes or NFC tags, the software can efficiently track a wide range of assets and items, providing facility managers with granular insights and actionable data. Visionstate IoT Inc. continues to focus on expanding its market presence and meeting customer demands, offering cutting-edge technology and innovative solutions for facility management.

Next Vision IoT Inc., a wholly owned subsidiary of Visionstate Corp., specializes in research and development of products based on IoT and conversational artificial intelligence (AI). The company's flagship project is ViCCi 2.0, an interactive customer service application for physical locations. The new version incorporates motion detection and sound-sensitive microphones to enhance customer interaction. Next Vision IoT partnered with Fluido.ai Inc. to provide the conversational AI platform. The company has also developed IoT sensors for the agricultural sector, including the cannabis industry, to measure environmental conditions and optimize performance. The technology is being tested and will be deployed in greenhouses in the second quarter of 2023.

Visionstate Corp. has invested in Sol Spaces Inc. (formerly Exceed Solar Inc.) by way of interest-bearing convertible debentures. According to the terms of the debentures, Visionstate Corp. can convert the debt for 40% of the outstanding equity in Sol Spaces Inc. Sol Spaces Inc. is a company focused on smart building envelopes that incorporate sustainable building materials, solar energy, and IoT technology designed to monitor the performance of the building. In October 2021, the company launched its prototype greenhouse at the University of Alberta with a 2.4 kW/h solar kit. The university is using the greenhouse to carry out research and testing into IoT technology in measuring environmental conditions.

Visionstate Corp. owns approximately 3.5 million equity shares in Freedom Cannabis Inc., a privately held company located in Edmonton, Alberta. Freedom Cannabis is a vertically integrated business that includes licensed production, licensed retail, packaging, and extracts. The company has collaborated with Next Vision IoT, a wholly owned division of Visionstate Corp., to implement WandaMOBILE to track cleaning activities.

Visionstate Corporation ( Technology & AI ) – TSXV: VIS – OTCQB: VSSSF

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA(TM) smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

The company will have completed another private placement by the middle of July, giving them over $1 million in working capital. A vast majority of participants this year have been management, and a major new shareholder, which can all be seen on any insider trading website. Currently they own 45,559,338 common shares or 31.2% of the entire float. Current market cap is just over $4 million CAD.

Most recent news release:

Visionstate Corp. Announces Unit Private Placement for US Expansion and AI Development

https://www.thenewswire.com/press-releases/1k98Fvl77-visionstate-corp-announces-unit-private-placement-for-us-expansion-and-ai-development.html

Recent Video:

Visionstate continues to launch WANDA in new markets
18 May 2023 06:00(EDT)

https://themarketherald.ca/visionstate-continues-to-launch-wanda-in-new-markets-2023-05-18/

Join us for an InvestorTalk.com with Shannon Moore from Visionstate Corp. (TSXV: VIS) on Tuesday, June 27, 2023, from 9-920 AM EST.

https://investorintel.com/events/investortalk-com-with-shannon-moore-from-visionstate-corp-tsxv-vis/

Transatlantic grab samples up to 27.59 g/t Au at Miller

2023-06-14 14:46 ET - News Release

Mr. Bernie Sostak reports

TRANSATLANTIC MINING: EXTENSION AND EXECUTION OF FIRST RENEWAL TERM, NEW ASSAYS RECEIVED OF 27.6 G/T AU AT THE MILLER GOLD MINE

Following meeting the conditions of the initial term, Transatlantic Mining Corp. has now executed the first renewal term with an option to purchase by a mining royalty. The company has also opened a new winze drive, with the first grab samples taken from the lowest level uncovered in the mine. Pumping continues in this lower-level winze drive to determine the full length extent of the winze.

The Miller gold mine is located in the Broadwater county in Montana, United States. The mine is approximately 29 miles to the northeast of Townsend in Montana. The presence of gold mineralization has been confirmed by recent sampling in areas of the mine where access is possible.

Highlights

Miller mine -- lower level:

Opened up lower winze level immediately below the lower level.
First grab samples from lower-level winze -- 27.6 grams per tonne (g/t) gold (Au), visual gold has also been observed.
Extended lease agreement to first renewal term with option to purchase by production royalty.
Key components of the activity

Transatlantic has nearly completed recovering a majority of the mud on the Miller mine lower portal over the gravity table. With continued pumping, the mine has further uncovered a new lower winze drive, previously under water. This development continues to be pumped to determine the full extent of this newly opened old development.

An initial set of two samples were taken on the initial accessible floor of this lower winze development, with the assay results received as shown in the table entitled "Lower-level winze drive initial grab sample assays."


Upon access to the dewatered lower-level winze drive, 30 metres of strike is now visual on a minus-20 degree gradient with water still at the drive face. In the exposed mine development, visual gold has been observed in the wall, roof and floor.

Given the initial grab samples are encouraging with gold and the visual aspect, further in situ samples will be taken for assay once the water has been cleared to the end of the drive.

Mud over the gravity table was suspended during the poorer weather conditions until warmer weather conditions prevail. Weather has now improved and the trial processing activities will recommence once assays are received from the laboratory on the muds. Trial processing of some hard rock samples will be undertaken in the near future for gravity extraction analysis as the company sources suitable pulverizing equipment.

About the Miller mine and claim group

Transatlantic has access to the upper and lower level of the mine. The Miller mine is situated amongst patented and unpatented claims at an elevation of 1,920 m (6,400 feet) and accessible by roads 50 miles from Helena, Mont.,U.S. Should mining occur at any time, an 8.5-per-cent royalty on ounces is to be paid. During the term of the agreement, the company may purchase the property for $4.5-million (U.S.), less the royalty payments made above, with a perpetual 1-per-cent NSR (net smelter return) to the vendor thereafter.

The gold and silver mineralization generally occurs on the contacts of sediments and igneous intrusive with native gold and sulphides, including pyrite, often observed amongst the four known adits located on the property.

"The extraordinary efforts of the historical miners in developing a declined winze at steep angles is testament to the belief that gold is still there. The first samples from this lower winze drive indicate good gold grades that will be followed up further. To see gold in the first instance is a good indicator for more gold," commented Bernie Sostak, chief executive officer of Transatlantic Mining.

Qualified person

Aslam Awan, PhD, MAusIMM (CP Geo), is the qualified person pursuant to National Instrument 43-101, and has reviewed only the technical information contained in this news release. Mr. Awan is the principal for AAA Geo Consultants.

The new rock chip samples are grabs from the winze level drive were of five kilograms in weight. The samples were crushed in whole to plus 70 per cent passing two millimetres, and then split and pulverized with analysis for gold and silver at the Christofferson Laboratory, Smelterville, Ida., U.S. The laboratory is an independent assay and umpire laboratory that follows industry techniques. The samples, after being pulverized are analyzed with a 15-gram to 30 g fire assay charge were gravimetrically finished.

About Transatlantic Mining Corp.

Transatlantic Mining is an emerging precious and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. The company currently has property interests, including an 80-per-cent joint venture position on the Monitor copper-gold project in Montana-Idaho (U.S.) and 100 per cent of the Golden Jubilee gold project with its associated mining rights. The company has an extended lease, right to mine and purchase arrangement for the Miller gold mine in Montana to 100-per-cent ownership, by way of payment royalty.

Aloro Mining receives 30-day extension for financing

2023-05-24 11:17 ET - News Release

Mr. Thomas Doyle reports

ALORO ANNOUNCES EXTENSION OF PRIVATE PLACEMENT

The TSX Venture Exchange has granted a 30-day extension to Aloro Mining Corp. for completion of its non-brokered private placement, previously announced in its news releases of March 20, 2023, and May 9, 2023.

The terms of the Offering provide for the issuance of up to 10,000,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit consists of one common share in the capital of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant is exercisable into one additional Share at a price of $0.15 per Share for a period of two years from the closing date. The Company closed a first tranche of the Offering on May 9, 2023 and issued an aggregate of 2,600,000 Units for gross proceeds of $130,000.

The Company intends to use the proceeds from the Offering for exploration work, including drilling on its recently acquired Quitovac Mine Project, and for general working capital purposes. Finder's fees or brokers' commissions may be paid in accordance with Exchange policies.

All securities will be subject to a four-month hold period from the closing date. The Offering is subject to Exchange approval.

About Aloro Mining Corp.

Aloro controls the 2,643.82-hectare Quitovac Mine Project located in the prolific Mojave-Sonora Megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199- hectare Los Venados Project, which is located in the central part of the Mulatos Gold District and is directly adjacent to the active Mulatos open pit mine of Alamos Gold Inc. The Los Venados is under US $5,000,000 Option agreement to Alamos Gold Inc.

American Potash appoints Besserer to board

2023-05-10 10:20 ET - News Release

Mr. Jonathan George reports

AMERICAN POTASH APPOINTS MR. DEAN BESSERER TO ITS BOARD OF DIRECTORS

American Potash Corp. has appointed Dean Besserer to the board of directors of the company.

Mr. Besserer has more than two decades of mineral exploration experience working in over 50 countries, including across much of North America and often leading projects with annual exploration budgets exceeding US$20 million. Mr. Besserer was previously Vice-President and Partner at APEX Geoscience Ltd., a consulting firm with offices in Canada, South America and Australia, with clients including BHP Billiton, De Beers, North Country Gold and Kaminak Gold. In addition, Mr. Besserer previously served as a director of Brilliant Mining, Niblack Resources, Sentosa Mining and VP Exploration for various junior mining companies. He is a Professional Geologist and a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

Jonathan George, President and CEO comments, "I'm extremely pleased to have Dean join our Board of Directors at this critical and exciting juncture in the growth of our Company. His extensive experience and expertise will be invaluable as we advance our Green River Potash and Lithium Project, and I look forward to working with him over the upcoming years."

The Company also announces that it has granted 500,000 incentive stock options exercisable at a price of $0.075 for a period of 5 years from the date of grant.

About the Green River Potash and Lithium Project

A Technical Report prepared in accordance with NI 43-101 by Agapito Associates Inc. states that the Green River Potash and Lithium Project hosts an Exploration Target estimated to contain 600 million to 1 billion tons of sylvinite grading between 19% to 29% KCL*.

This target was modelled utilizing gamma-log data from 33 historical oil and gas wells within and near the project area, and based on a specific stratigraphic horizon know as Cycle 5. This is one of the same horizons that Intrepid Potash Inc. (NYSE-IPI), America's largest potash company, produces from at their nearby Moab solution mine, providing strong evidence of stratigraphic continuity within this part of the Paradox Basin.

The Company holds a 100% interest in eleven State of Utah (SITLA) mineral and minerals salt leases covering over 7,000 acres, 128 Federal lithium brine placer claims covering 2,650 acres, and is in the final stages of the application process for 11 Federal (BLM) Potash Exploration permits comprised of approximately 25,000 acres.

Significantly, three of the State leases and a large area covered by the Federal (BLM) Potash Permit applications lie within or border an area designated for future potash and brine and processing, including energy efficient solar evaporation ponds.

Located only 20 miles northwest of Moab, Utah, the Project has significant logistical advantages including close proximity to major rail hubs, airport, roads, water, towns and labour markets.

The U.S. imports more than 90% of its annual potash requirements, and domestic producers receive a higher sales price due to proximity to market; as of March 31st, 2023, the muriate of potash price was quoted at $453 USD per tonne (fob Vancouver) - Intrepid Potash, America's largest potash producer, reported receiving an average realized price for potash of $713 USD per ton in 2022**.

Kent Ausburn, PhD, PG, a qualified person within the meaning of NI-43-101 and a director of the Company, has reviewed and approved for the technical details of this release.

*Agapito Associates Inc. Technical report (October 2012) quantifies the Green River Potash Project's potash exploration potential in the form of a NI 43-101 Exploration Target. The Exploration Target estimate was prepared in accordance with the National Instrument 43-101 -Standards of Disclosure for Mineral Projects ("NI 43-101"). It should be noted that Exploration Targets are conceptual in nature and there has been insufficient exploration to define them as Mineral Resources, and, while reasonable potential may exist, it is uncertain whether further exploration will result in the determination of a Mineral Resource under NI 43-101. The Exploration Target stated in the Agapito Report is not being reported as part of any Mineral Resource or Mineral Reserve.

**Intrepid Potash Inc. Press Release March 6th ,2023

Aloro Mining closes $130,000 first tranche of financing

2023-05-09 15:50 ET - News Release

Mr. Thomas Doyle reports

ALORO ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

Aloro Mining Corp. has completed a first tranche of its previously announced non-brokered private placement, as described in its news release dated March 20, 2023, pursuant to which it has issued an aggregate of 2.6 million units at a price of five cents per unit for gross proceeds of $130,000. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one additional share at a price of 15 cents per share for a period of two years from the closing date. The company has received an extension from the TSX Venture Exchange until May 18, 2023, to close a second tranche, which the company expects to close shortly.

The company intends to use the proceeds from the offering for exploration work, including drilling on its recently acquired Quitovac mine project, and for general working capital purposes.

The company paid a cash finder's fee of $7,350 and issued 147,000 broker warrants to one finder in connection with the offering. The broker warrants entitle the holder to purchase one additional share at a price of five cents for a period one year from the closing date.

The securities issued under the offering and the shares that may be issuable on exercise of the warrants and the broker warrants are subject to a statutory hold period expiring four months and one day from the date of closing.

About Aloro Mining Corp.

Aloro controls the 2,643.82-hectare Quitovac mine project, located in the prolific Mojave-Sonora Megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199-hectare Los Venados project, which is located in the central part of the Mulatos gold district and is directly adjacent to the active Mulatos open-pit mine of Alamos Gold Inc. The Los Venados is under a $5-million (U.S.) option agreement to Alamos Gold.

Aloro Mining signs formal documentation for Quitovac

2023-05-08 07:13 ET - News Release

Mr. Thomas Doyle reports

ALORO SIGNS THE FORMAL DOCUMENTATION IN MEXICO TO ACQUIRE THE HISTORIC QUITOVAC MINE PROJECT

Aloro Mining Corp., through its Mexican subsidiary, Exploraciones Aloro SA de CV, has signed the formal documentation, in Mexico, with Cuesta Del Cobre S De RL De CV of Hermosillo, Sonora, Mexico, to acquire 100 per cent of the Quitovac gold mine project.

The Mexican agreement has been signed by representatives of both Exploraciones and Cuesta Del Cobre, notarized, and will be filed with the Registro Publico de Mineria, Mining Public Registry. The agreement will govern the terms of the mining exploration and exploitation contract, and the mineral rights assignment contract. This agreement is defendable in accordance with Mexican laws.

The Quitovac gold mine project consists of 14 mineral concessions that cover 2,643.82 hectares of highly prospective geological units for gold mineralization. The Quitovac mineralized area is classified with the other orogenic shear zone gold deposits of the region, including the gold mines of Mesquite, La Choya (eight kilometres south), La Herradura (35 km south, produced over 425,288 ounces gold in 2020), San Francisco and El Chanate. All these gold deposits are similar in character and are stated to be part of the Mojave-Sonora megashear.

Thomas A. Doyle, president, chief executive officer, stated, "The filing of this agreement in Mexico strengthens Aloro's position with the Quitovac mine project."

About Aloro Mining Corp.

Aloro controls the 2,643.82-hectare Quitovac mine project located in the prolific Mojave-Sonora megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199-hectare Los Venados project, which is located in the central part of the Mulatos gold district and is directly adjacent to the active Mulatos open-pit mine of Alamos Gold Inc. The Los Venados is under $5-million (U.S.) option agreement to Alamos Gold.

Q4 results are out and the company still has $4.5 million in working capital (see results on Sedar).

Below are some updates from the recent management discussion.

The Company’s main activities are summarized below on the Projects:
As of December 31, 2022:

Miller Mine: Drill planning and permitting
• Historical Hole Jericho DD Hole # 1 -- 2.4 m at 516 g/t Au
Hole # 2 -- 1.5 m at 8.6 g/t Au
New Drill permit submitted and drilling on hold until approval received at Jonnie Gulch Adit
• Lower Level Development Portal security erected and completed
• Pumping Lower Level Down
• A gravity concentrate of the tails and mid tails have been sent to a third party for further
extraction kinetics and analysis. Awaiting assays.

Golden Jubilee Mine (100%): Drilling and additional permitting in progress
• A 10 hole drilling program using Reverse Circulation completed to follow up Phase 1
drilling. Awaiting Assays
• Previous 2014 Bulk mine development sample represented on vein + 100 m long and 2.0 m
wide which averaged 10,000 tonnes at a mined and processed grade of 9.00 g/t Au.
• Existing Decline development infrastructure and horizontal access of 200 m to an existing
vertical depth of 50 metres.
• Water Consultants for Mine Water Discharge Permit in progress.
• Existing plus 37 drillholes database indicating vein open along strike and down dip.
• A geophysical program has been partially completed to identify new targets and extension.

Monitor Copper /Gold Project: Transatlantic at 80% Joint Venture ownership with earn in option
to 100%
• The main targets to access and review further are the Big Elk with surface subcrop samples
of 30 % Copper in chalcopyrite and the Monitor/Richmond high grade 6-15% Copper
grades with associated gold in a Structural Vein target setting.
• Drill permit and Bond placed for Big Elk Drilling 12 month permit

Business Development: The Company advancing existing projects technically with new drilling and access to new reports.

On July 4, 2014, the Company entered an agreement with an unrelated third party (Andy Well Pty Ltd) to dispose of its Gnaweeda Gold Project, comprising interests in five tenements in Western Australia. Some milestone payments have been paid and reported previously. The Company is further entitled to receive AUD$250,000 for every consecutive 50,000 ounces of poured gold sourced from the property, capped at 200,000 ounces of poured gold for a total of AUD$1,000,000. On September 24, 2020, the Company closed the sale of U.S. Grant Mine and Mill and lease assignment for the Kearsarge Gold project (the “assets”) including the property and equipment located in the assets.

OVERALL PERFORMANCE / DISCUSSION OF OPERATIONS

Monitor Property

The Company has focused and now received the 12-month drill permits for drill programs and metallurgical testing of mineralized rock at the Big Elk Copper Prospect. At December 31, 2022, the Company has refundable performance bonds of $54,065. Drilling Contractors are being sourced for the Summer of 2023.

Miller Mine Gold Project

A new Winze has been identified on pumping down the Lower Level which will be part of a future sampling campaign once dry. The Winter has been set up with transporting the gravity table into the Lower Level of the mine to run the muds over it.

New drilling and sampling is planned on the Lower Level development once the Lower Level and Winze drive are pumped out and cleared.

Golden Jubilee Property

The Golden Jubilee Gold Project, had a 50 line and 50 metre spaced Geophysical Land Survey partially completed. This ground survey was undertaking IP (Induced Polarisation) and resistivity data collection of 5,000 line metres in total. To date, the initial data survey has identified new targets and extensions outside the current mine footprint to 1 kilometre in strike.

A follow up to the next stage of work will be completed once new assays are received and water permit received. Dewatering Discharge permits have been drafted for submission to the receiving government bodies.

Business Development

The Company continues its activities with focus on the Miller Mine, Monitor Mine and Golden Jubilee Property. In addition, reviewing technical considerations to evaluating other projects and to maximize the technical value of these high grade Gold and Copper Projects. The Company is reviewing surface diamond drill machines for future owner deep drilling and will utilize its own fleet and contractors as best resource which becomes available.

American Potash signs new Green River option with LiK

2023-04-17 10:01 ET - News Release

Mr. Jonathan George reports

AMERICAN POTASH SIGNS NEW OPTION AGREEMENT ON ITS GREEN RIVER POTASH AND LITHIUM PROJECT, PARADOX BASIN, UTAH

American Potash Corp. has entered into a new option agreement with LiK Resources LLC, a private Houston-based exploration company, on its Green River potash and lithium project, located in the Paradox basin in Utah.

The Option Agreement replaces the previous option agreement entered into by the Company and LiK on December 17, 2021. To earn a 70% interest in the Project, LiK must now:
make cash payments of $150,000 (USD) (received).
advance $3 million USD to the Company by April 28, 2023, to be used exclusively for permitting and drilling the first exploratory well under the supervision of a mutually agreed upon top-tier industry consultant.
complete two separate Pre-Feasibility Studies; one for lithium and one for potash, evaluating a minimum of six mineral leases or claims within the Project by December 31, 2024.
commission a valuation of the Project by an independent, mutually agreed upon third-party, to be delivered 90 days from the completion date of the Pre-Feasibility Studies; and
in the event LiK is a publicly traded company with a market capitalization of more than one hundred million dollars ($100 million USD), transfer one million dollars($1millionUSD) worth of its common shares to the Company within forty-five days of completion of the Pre-Feasibility Studies and valuation of the Project.

Following completion of the above requirements, LiK will be deemed to have earned a 70% interest in the Project. LiK may then elect to acquire the remaining 30% from the Company by making a cash payment based on the valuation, within 90 days of the date of its completion. If LiK does not elect to purchase the remaining 30%, the parties will then enter into a joint venture to further develop the Project.

The Option Agreement applies only to the Company's 11 State of Utah mineral leases and 128 Federal placer mining claims, and excludes areas subject to the Potash Permit Applications which are currently under final review by the BLM (Bureau of Land Management).

Upon receipt of the $3million USD advance referred to above, the Company intends to immediately commence discussions with select consultants to obtain quotes for managing, supervising and drilling the first exploratory well The first well which the parties have agreed to drill is referred to as Duma Point and is located approximately a half mile west of an historical oil and gas well which indicated a potash interval of 5.9 meters with a composite grade of 24% KCL from gamma-log data. Drilling is anticipated to begin within the next four months.

About the Green River Potash and Lithium Project

A NI 43-101 Technical Report by Agapito Associates Inc. states that the Green River Potash and Lithium Project hosts an Exploration Target estimated to contain 600 million to 1 billion tons of sylvinite grading between 19% to 29% KCL*.

This target was modelled utilizing gamma-log data from 33 historical oil and gas wells within and near the project area, and based on a specific stratigraphic horizon know as Cycle 5. This is one of the same horizons that Intrepid Potash Inc. (NYSE-IPI), America's largest potash company, produces from at their nearby Moab solution mine, providing strong evidence of stratigraphic continuity within this part of the Paradox Basin.

The Company holds a 100% interest in eleven State of Utah (SITLA) mineral and minerals salt leases covering over 7,000 acres, 128 Federal lithium brine placer claims covering 2,650 acres, and is in the final stages of the application process for 11 Federal (BLM) Potash Exploration permits comprised of approximately 25,000 acres.

Significantly, three of the State leases and a large area covered by the Federal (BLM) Potash Permit applications, lie within or border, an area designated for future potash and brine and processing, including energy efficient solar evaporation ponds.

Located only 20 miles northwest of Moab, Utah, the project has significant logistical advantages including close proximity to major rail hubs, airport, roads, water, towns and labour markets.

The U.S. imports more than 90% of its annual potash requirements, and domestic producers receive a higher sales price due to proximity to market; as of March 31st,2023, the muriate of potash price was quoted at $562.50 USD per tonne (fob Vancouver) - Intrepid Potash, America's largest potash producer, reported receiving an average realized price for potash of $713 USD per ton in 2022***.

Kent Ausburn, PhD, PG, a qualified person within the meaning of NI-43-101 and a director of the Company has reviewed and approved for the technical details of this release.

We seek Safe Harbor.

Transatlantic drills 6 m of 13 g/t Au at Golden Jubilee

2023-04-13 15:59 ET - News Release

Mr. Bernie Sostak reports

TRANSATLANTIC MINING: DRILLING RESULTS AT THE GOLDEN JUBILEE MINE INCLUDE AN INTERSECTION OF 6.1 M AT 13.1 G/T AU

Transatlantic Mining Corp. has released assay results from the most recent drilling program. The drilling at the Golden Jubilee mine consisted of 10 reverse circulation holes for a total of 2,000 metres. This mine is located in Granite county, Montana, United States. The results from this drilling program confirm that the mineralized structure continues downdip and along strike from mineralization, which has been either mined previously or delineated by earlier drilling.

Highlights

New drill results:

Drill hole No. 2201:
9.1 metres at 7.8 grams per tonne gold from 64-metre depth (8.0-metre true width) (including 1.5 metres at 16.11 g/t Au);
6.1 metres at 5.5 g/t Au from 86.9-metre depth (5.5-metre true width);
Drill hole No. 2203:
6.1 metres at 13.1 g/t Au from 111.3-metre depth (6.0-metre true width) (including 3.0 metres at 17.3 g/t Au).
Drilling

The company has completed its inaugural drilling campaign into the Golden Jubilee deposit and is reporting the available assay results from the 10 holes drilled. These are shown in an attached table. The company was fully financed to complete this program and has funds available to undertake follow-up additional work. The mineralization has been intersected downdip and along strike of existing drill holes and underground workings. There is also further evidence that there are an additional two mineralized zones in the footwall and hangingwall of the targeted Golden Jubilee mineralized structure. These outcomes provide encouragement to undertake more drilling to follow up on several geophysical targets which indicate that the mineralized structure extends for up to an additional one kilometre of strike. New exploration drill permits will be sought to facilitate this drilling. The company is also evaluating the current water and operating permits with the relevant government departments. The gold mineralization intersected by the reverse circulation drilling is associated with a shear-hosted iron quartz, sulphide-rich replacement zone.

Some characteristics of the mineralization and drill program include:

Drilling indicates that it is shallow, between 30 and 240 metres from surface.
The contacts to the mineralization are in competent marblized limestones.
The mineralized zones are visibly distinct.
It occurs in multiple parallel mineralized structures.
"The first phase of drilling and results continue to support the presence of mineralization below the lowest mine level. There is rising confidence in parallel mineralized zones that will require additional drilling. Not only does the main zone at the Golden Jubilee continue, but recent geophysics has highlighted targets and offsets one kilometre along strike. This information with existing high-grade production and processing information will support and develop our model of the high-grade and exploration structures further," commented Bernie Sostak, chief executive officer of Transatlantic.

Recent reverse circulation drill assay results for gold at greater than 3.0 g/t Au

About Golden Jubilee

The 22 Golden Jubilee claims are situated in Granite county, Montana, United States, and have had a number of previous owners. There have been only limited exploration and mining on the regional Red Lion (vein) line trend, which is known to continue over a regional strike of seven kilometres in length. The Golden Jubilee mine is located in mountainous country at an elevation of approximately 2,350 m.

Historical production

Although some mining occurred prior to the year 2000, there are limited production records in existence. An attached table contains the results from a bulk sample taken in 2000 and the more recent 10,000-tonne parcel mined over a five-month period in 2014.

Historical drilling

Previous exploration drilling has included 37 holes drilled prior to 2013, where the gold mineralization and vein had been observed to be approximately 2.5 m wide with an 80-degree dip. Enrichments and wider mineralization widths have been observed on geological cross-structures striking at an obtuse angle to the Red Lion vein trend.

Review by qualified person*

Aslam Awan, PhD, MAusIMM (CP geo), is the qualified person pursuant to National Instrument 43-101 for having reviewed only the technical information contained in this news release. Mr. Awan is the principal for AAA GeoConsultants.

* The new reverse circulation drill samples were crushed in whole to plus 70 per cent passing two millimetres and then split and pulverized with analysis for gold and silver at the Christofferson laboratory, Smelterville, Idaho, United States. The laboratory is an independent assay and umpire laboratory that follows industry techniques with blanks and standards inserted on batches of 25. The samples are pulverized and analyzed with a 15- to 30-gram fire assay charge and a gravimetric finish. True widths were estimated based on the dip cross-section width of the mineralization at a 1.0 g/t Au cut-off. An attached table sets out historical holes drilled and assayed. The company also adds a standard to determine any assay bias.

Further announcements will be made in regard to the activities as they transpire.

About Transatlantic Mining Corp.

Transatlantic (TSX Venture Exchange: TCO) is an emerging precious and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. The company currently has property interests, including an 80-per-cent joint venture position on the Monitor copper-gold project in Montana-Idaho (United States) and 100 per cent of the Golden Jubilee gold project with its associated mining rights. The company has also a lease to purchase arrangement for the Miller gold mine in Montana to 100-per-cent ownership.

MLK Gold Ltd. Announces Corporate Name Change to Triple One Metals

2023-04-13 05:15 ET - News Release

Windsor, Nova Scotia, CANADA, April 13, 2023 (GLOBE NEWSWIRE) -- MLK Gold Ltd. (CSE:MLK) (“MLK Gold” or the “Company”) announces that it will change its corporate name to “Triple One Metals Inc.” and its ticker symbol will change to “TONE”. The new corporate website www.tripleonemetals.com will launch in the upcoming days.

The change in corporate name better reflects the Company’s diverse property portfolio.

The Company will issue a further press release soon providing the date on which the new name and ticker symbol will take effect. The name change will not affect the rights of the Company’s shareholders, and no further action is required by existing shareholders with respect to the name change.

The Company is pleased to announce an application is being made to quote the Company’s common shares on the Frankfurt Stock Exchange. The Frankfurt Stock Exchange is one of the world’s largest (behind only the Nasdaq and NYSE) organized exchange-trading markets based on trading volume.

The future quotation of the Company’s common shares on the Frankfurt Stock Exchange in addition to the CSE will heighten exposure of the Company in the European marketplace, which features an investor base traditionally active in the junior mining sector. The Company is confident that trading on the Frankfurt Stock Exchange will increase its liquidity and support the development of a stronger European investor base.

About MLK Gold Ltd.

Founded in 2018, MLK Gold Ltd. is quickly emerging as one of Atlantic Canada's exciting resource exploration companies offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential. Invested in a portfolio of gold and critical metal projects in mining and mineral-rich Newfoundland, MLK’s plan is to capitalize on the province's ranking as one of the world’s top 10 mining jurisdictions and expand into a long-life, financially sound gold and critical metal-mining company.

Additional information about the Company and its activities may be found on the Company’s website at www.mlkgold.com and under the Company’s profile at www.sedar.com.

For additional information or to arrange an interview, please contact:

William (Bill) Fleming
Executive Chairman, MLK Gold Ltd.
59 Payzant Drive
P.O. Box 657, Windsor
Nova Scotia, Canada, B0N 2T0
Phone: 902.448.0716
Email: Bill.fleming@manewagi.com

March Update - https://webfiles.thecse.com/2023_03_31_CNSX_Form_7_MLK_March_2023.pdf?pAcNic17JTXj5Y1ZJrLtIXS.mj8SyQ41

Month Ending March 31, 2023
MLK Gold Ltd. (“MLK” or “MLK Gold” or the “Company”) assisted Manning Elliott in completing its Annual Financial Audit. Financial Statements and Management Discussion and Analyses were filed on Sedar

The Company also completed its $0.03 financing for total proceeds of $244,392.00 while issuing 8,146,400 common shares and 8,146,400 warrants, each of which warrants may be exercised to acquire an additional common share at a price of $0.05 per share until March 17, 2024.

MLK finalized its plans to commence field exploration on May 17, 2023. Permit applications to carry out exploration were submitted in mid-March and approvals were received near the end of the month. This work will be helicopter assisted to minimize delays in getting into more remote areas. Work will proceed on both the Company’s lithium and gold assets in Newfoundland.

Aloro Mining hires Quitovac project geologist

2023-04-03 06:39 ET - News Release

Mr. Thomas Doyle reports

ALORO CONTRACTS PROJECT GEOLOGIST FOR QUITOVAC

Aloro Mining Corp. has contracted Francisco A. Lopez as project geologist for the Quitovac gold mine project in Sonora, Mexico. Quitovac is located in the prolific Mojave-Sonora Megashear.

Francisco Antonio Lopez (Francisco) is a professional geologist and is a graduate of the University of Sonora. He has more than 30 years experience in the mining industry throughout Mexico.

Francisco is an exploration geologist with experience in all types of geological settings including low and high sulfidation of precious metals, skarns, copper porphyry, stratiform deposits, etc. in several states in Mexico. He has direct experience in the Mojave-Sonora Megashear with orogenic shear zone gold deposits of the region, like Quitovac, including the neighboring gold mine of La Choya (8kms south), where he worked 1986-1987 and again in 1992 for Cobre de Hercules (Anaconda Copper).

Francisco has technical knowledge of all stages of mining exploration including planning, execution, evaluation, logistics, approvals, environmental procedures, supervision and managing of personnel. He is also experienced in community relations and social environments.

Thomas A. Doyle, President, CEO, stated "We welcome Francisco to the Aloro geological team with his years of experience, proven track record in planning and execution of exploration programs to advance projects. Working in collaboration with Technical Advisor, Melvin A. Herdrick, he is a key part of assembling the exploration team for Quitovac. I look forward to updates on the advancement of the project."

About Aloro Mining Corp.

Aloro controls the 2,643.82-hectare Quitovac Mine Project located in the prolific Mojave-Sonora Megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199- hectare Los Venados Project, which is located in the central part of the Mulatos Gold District and is directly adjacent to the active Mulatos open pit mine of Alamos Gold Inc. The Los Venados is under US $5,000,000 Option agreement to Alamos Gold Inc.

March 2023 Fact Sheet - https://aloromining.com/site/assets/files/5247/aloro_fact_sheet_march_2023v2.pdf

Aloro Mining Corp – TSXV: AORO | OTC: WLRMF | FWB: 4LPP

Price: $0.055 CAD - $0.015 USD – €0.024 EUR
Common Shares: 55.1 Million
Warrants: Nil
Options: 400,000 @ $0.10
Held By Management & Major Shareholders: 49%
All information found in the 2023 company presentation:

https://aloromining.com/site/assets/files/5248/aloro_mining_corp__presentation_march_2023v2.pdf

Company description:

Aloro controls the 2,643.82-hectare Quitovac mine project, located in the prolific Mojave-Sonora megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199-hectare Los Venados project, which is located in the central part of the Mulatos gold district and is directly adjacent to the active Mulatos open-pit mine of Alamos Gold Inc. The Los Venados project is under a $5-million (U.S.) option agreement to Alamos Gold.

Quitovac was acquired after the third quarter results. Year end results are to be released end of April which will have more information regarding the asset. Los Venados is a joint venture project between Aloro Mining and Alamos Gold. More information can be viewed in their March 2023 company presentation.

Recent News:

October 14, 2022 - Aloro Provides Los Venados Option Update

https://aloromining.com/news/news-releases/aloro-provides-los-venados-option-update/

January 31, 2023 - Aloro to Acquire the Historic Quitovac Mine Project

https://aloromining.com/news/news-releases/aloro-to-acquire-the-historic-quitovac-mine-project/

March 20, 2023 - Aloro Announces Private Placement

https://aloromining.com/news/news-releases/aloro-announces-private-placement-1/

Additional information regarding Quitovac from the prior land owner:

https://cdn-ceo-ca.s3.amazonaws.com/1i0u76n-Santa%20Cruz%20Annual%20Report%201996.pdf

https://cdn-ceo-ca.s3.amazonaws.com/1i0u775-Santa%20Cruz%20Gold%20NR_Qutovac%2019970225.pdf

Looks like the insiders also participated with $41k in buying. I like how the CSE breaks down where the money came from. Australian buyers took $150K and then rest is between BC and NS:

https://webfiles.thecse.com/CSE_Form_9_-_Notice_of_Issuance_of_Securities_-_Post.pdf?Gkw.OVQBHNjxHF5.OveS0IVOsSLvkGAQ

MLK Gold closes $244,392 private placement

2023-03-20 07:12 ET - News Release

Mr. William Fleming reports

MLK GOLD LTD. COMPLETES $245,000 PLACEMENT

MLK Gold Ltd. has closed a non-brokered private placement generating gross proceeds of $244,392.01 through the sale of an aggregate of 8,146,400 units at a price of three cents per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to acquire an additional common share at a price of five cents per share until March 17, 2024. All securities issuable in the placement are subject to a four-month hold period expiring on July 18, 2023, in accordance with applicable securities laws.

No finders' fees were payable in connection with the placement. The proceeds of the placement will be utilized for exploration activities and general working capital purposes.

About MLK Gold Ltd.

Founded in 2018, MLK Gold is quickly emerging as one of Atlantic Canada's exciting resource exploration companies offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential. Invested in a portfolio of gold projects in mining and mineral-rich Newfoundland, MLK's plan is to capitalize on the province's ranking as one of the world's top 10 mining jurisdictions and expand into a long-life, financially sound gold mining company.

We seek Safe Harbor.

American Potash cancels La Escondida project option

2023-03-16 14:27 ET - News Release

Mr. Jonathan George reports

AMERICAN POTASH CANCELS LA ESCONDIDA OPTION

American Potash Corp. will not be continuing with its option agreement on the La Escondida silver project, located in Sonora, Mexico. However, it will retain a 100-per-cent interest in the surrounding 4,000-hectare La Tortuga property and continue to maintain that concession in good standing.

Although initial results from exploration programs conducted on the La Escondida project from 2020 to 2022 (which included approximately 1,800 metres of reverse circulation drilling) were very encouraging, management has decided to focus the company's resources exclusively on its Green River potash and lithium project, located in the Paradox basin in Utah.

While we wait for financing or a joint venture deal to conclude for American Potash, I have found two other nearby companies that are also working in the area. Both have much larger market caps, despite having much smaller claims.

Pan American Energy (Area play map on page 19) - https://panam-energy.com/wp-content/uploads/2023/03/PanAm-March2023_Mar_07_2023.pdf

Anson Resources (ASX company) - https://wcsecure.weblink.com.au/pdf/ASN/02641188.pdf

Quarterly results came out today for East West. The company still has over $5 million CAD in cash with total assets at $5.69 million and total liabilities at $1.32 million.

Revenue was down for the quarter due to some wells being worked over, which means we should get a bounce back next quarter. But the key thing that changed in their MD&A that caught my eye was this:

The Company and its legal counsel continue to work on the final documentation including possible amendments which would allow closing to occur. In addition the Company has recently been advised by NIS that it is considering a sale of the four exploration blocks and the Company has agreed that its 15% interest can be included in such efforts. Any such endeavors are not expected to be advanced in the near term.

Selling the Romanian asset is a much better outcome for NIS and EW, rather than putting it into production and slowly getting paid out. We know that NIS has invested over $60 million USD in this asset over the last decade, with East West putting nothing into it, but still retaining a 15% stake.

Vital Energy appoints Standen as director

2023-02-17 10:16 ET - News Release

Mr. Yingchuan Wu reports

VITAL ENERGY ANNOUNCES APPOINTMENT OF NEW DIRECTOR

Effective Feb. 1, 2023, Jeffrey L. Standen has been appointed to Vital Energy Inc.'s board of directors. Mr. Standen is a former founder, officer and director of the Corporation. Mr. Standen brings over 45 years of related industry management expertise to the Corporation.

Mr. Standen has also been the founder, officer and director of numerous private and public energy companies during his career, including Canadian Leader Energy Inc, Centurion Energy International, Extreme Energy Corporation, and Charger Energy Corporation. Mr. Standen is currently President, C.E.O. and a director of Home Run Oil & Gas Inc.

Mr. Standen's primary role as a director of the Corporation will be to work with Management to develop more effective exploration and development projects, to better exploit the Corporation's existing projects and to evaluate the potential for investment into large joint venture projects with other industry companies.

In addition, Mr. Standen will endeavor to expand the Corporation's business development abilities and to increase public market awareness of the Corporation and its current projects and potential future joint ventures into new projects.

Vital Energy Inc. is a publicly traded junior oil and gas company ("VUX" TSXV) whose primary focus is light and medium crude oil production in Western Canada.

Website: www.vitalenergyoil.com For further information please contact

Yingchuan Wu, President

Tel: (403) 988-8286

Fax: (403) 699-9660

Continued insider buying on East West. Financial results should be out end of February or early March:

https://ceo.ca/api/sedi?symbol=EW

Transatlantic Mining: Top 25 Performing Stocks Year-to-Date on TSX Venture Exchange (TCO)

The Globe and Mail - Wed Feb 15, 10:00AM CST

https://www.theglobeandmail.com/investing/markets/stocks/TCO-X/pressreleases/14230846/transatlantic-mining-top-25-performing-stocks-year-to-date-on-tsx-venture-exchange-tco/

Price: $0.09 CAD | $0.06335 USD | €0.0.057
CSE: KCL | OTC: APCOF | FRA:2P3

Common Shares: 69.8 million
Insider/Institutional Holdings: 48 million – Verified with Management

Website: https://americanpotash.com/
*Do your own due diligence before investing*

Total Assets: $1.12 Million
Total Liabilities: $64K

Current Plan – Management is in talks with numerous parties in order to create a joint venture partnership for its Potash/Lithium assets in Utah. For more information, contact: jon@americanpotash.com or 604-803-5838

Recent updates:
December 2022 Update - https://webfiles.thecse.com/American_Potash_Corp_-_Monthly_Progress_Report_December_2022.pdf?EemIfPKwgxP4gVKU6ZifSYme5NJDVPiD

In December 2022, the Company entered into promissory note agreements for gross proceeds of $120,000. The promissory notes will mature on June 30, 2023, and bear interest at a simple rate of 12% per annum. At the election of the holder, the promissory notes and accrued interest will be paid in cash or in common shares of the Company, or a combination of cash and common shares. The Company paid cash finders’ fees of $4,000. In December 2022, the Company entered into a promissory note agreement for $40,000 with Jag Holdings Ltd., a private company controlled by John A. Greig. Please refer to 13 above for further details on the promissory note.

Main asset information:

https://americanpotash.com/site/assets/files/1/americanpotash_aug_31.pdf

The Project is situated within the Paradox Basin, which hosts the nearby, long-producing and currently-active Moab solar solution mine, operated by Intrepid Potash (NYSE-IPI- ~ $45) the largest potash producer in the U.S. There, a specific stratigraphic horizon, known as Cycle 5, has been mined since 1963. This same stratigraphic horizon extends to American Potash’s project, where an Exploration Target* from 600 million to 1 billion tons of sylvinite, with an average grade ranging from 19% to 29% KCL, has been estimated in a NI-43-101 compliant technical report prepared by Agapito Associates Inc. (October 2012).

Other assets from MD&A:

Green River Potash and Lithium Project – Initial Approvals to Drill Exploratory Wells

On December 14, 2022, the Company announced that it has received initial approvals from the Utah Division of Oil Gas and Mining on applications for permits to drill exploratory wells on three of its eleven 100% owned Potash and Lithium State mineral leases which form part of the Green River Potash and Lithium Project, located within the Paradox Salt Basin, Utah. The Green River Potash and Lithium Project is made up of the Company’s Paradox Basin Potash Permit Project and Paradox Basin Brine Potash and Potash Project. Formal drill permits will be issued upon meeting reclamation bonding and any other requirements stipulated in the Company’s Notice of Intent to Conduct Exploration. The three proposed wells are spaced widely apart, providing a large area of influence to draw upon for estimating potential potash and lithium resources within this portion of the project area.

La Escondida Silver-Gold Project - Drill Program

On March 8, 2022, the Company announced results from an inaugural drill program recently completed on its La Escondida Project that began in November 2021. The drill program consisted of 16 reverse circulation (RC) holes, totaling 1,780 metres, and was designed to investigate areas where previous rock-chip sampling returned high silver and elevated gold values along portions of the exposed strike lengths of two prominent veins. Twelve holes intersected significant precious metals mineralization with seven holes reporting narrow intervals with high grade silver assays generally within wider mineralization

Paradox Basin Brine and Potash Project Option Agreement

On December 23, 2021, the Company’s wholly owned subsidiary, American Potash LLC (the "Subsidiary"), entered into an option agreement (the "Option Agreement") with LiK Resources, LLC (the "Optionee") pursuant to which the Optionee was granted the right to earn up to a 100% interest in its Utah state leases for potash and mineral salts minerals along with 128 federal placer claims recently acquired by the Subsidiary (the "Project").

Under the terms of the Option Agreement, to earn a 70% interest in the Project, the Optionee must make a cash payment of USD$150,000 within five days of the Option Agreement (paid) and complete a pre-feasibility study demonstrating the economic viability of the Project within 24 months of the date of the Option Agreement (the "Initial Option"). In the event the Optionee is a publicly traded company with a market capitalization of over USD$100 million at the time of delivering the pre-feasibility study, the Optionee must issue USD$1 million worth of its common shares to the Subsidiary within 45 days of completing the pre-feasibility.

Within 90 days of completion of the pre-feasibility study, LiK must commission and deliver a valuation on the Project performed by an independent third party (the "Valuation") to the Subsidiary. At any time following exercise of the Initial Option and within 90 days from the delivery of the Valuation, the Optionee shall have the right to acquire the remaining 30% interest in the Project by making a cash payment to the Subsidiary based on the valuation of remaining interest (the "Final Option"). In the event the Initial Option is exercised but the Final Option is not exercised, the parties will enter into a joint venture agreement to operate the Project.

https://investingnews.com/top-tsxv-gainers/

2.Transatlantic Mining (TSXV:TCO) Company Profile

Weekly gain: 89.47 percent; current share price: C$0.18; market cap: C$15.6 million Transatlantic Mining is a gold and copper exploration company with three projects, all of which are in the US. Its two gold projects, Golden Jubilee and the Miller mine, are in Montana, while its copper-gold project Monitor is in Idaho. Much of last year's exploration focused on Golden Jubilee, but the company has begun this year with work at the small-scale, past-producing Miller mine. Transatlantic is earning into Miller with a gold royalty and is reviewing its condition and infrastructure. On January 30, the company announced that it is currently clearing mud and dewatering the existing mine. The mud it has removed was passed over a gravity table, revealing visible gold. The company shared that these results have encouraged it to continue processing the mud it removes from Miller for gold.

MLK Gold. Ltd Continues to Increase Its Lithium and Critical Metals Portfolio in Newfoundland

2023-02-09 05:15 ET - News Release

Windsor, Nova Scotia, Feb. 09, 2023 (GLOBE NEWSWIRE) -- MLK Gold Ltd. (“CSE: MLK”) (“MLK” or “MLK Gold” or the “Company”), a growth oriented precious and critical metal exploration company headquartered in Windsor, Nova Scotia, is pleased to report that it has again added to its growing portfolio of lithium and critical metals assets in Newfoundland. The Knob Brook lithium property, acquired by the Company through map staking, consists of 111 mineral claims is located approximately 4 kilometres south of the Company’s previously announced property, and roughly 15 kilometres east of the Kraken lithium discovery made by the Benton Resources-Sokoman Mineral Alliance.

The Knob Brook property is crossed by the Burgeo Highway (Route 480) near its western boundary that lies approximately 16 kilometres north of the Town of Burgeo. Access into more remote part of the property is best done by helicopter. Port facilities are available in Stephenville and transmission lines run near the properties.

Company Chairman, Bill Fleming stated that, “These are exciting times as Newfoundland emerges as a significant lithium district in the Appalachian Mountain Chain, especially given the significant lithium and caesium discovers in the western Dunnage Zone by the Benton Resources – Sokoman Minerals Alliance. We believe the general lack of historical exploration in the areas for lithium opens a huge opportunity to add to the list of critical metal discoveries in the Province of Newfoundland”. Based on preliminary reconnaissance of the Burgeo granite elsewhere to the south, the Company believes there is significant potential for critical metal-bearing pegmatite development at Knob Brook and its other nearby property. This mineral corridor, in part defined by the Hermitage Flexure with its associated fault structures, may hold potential for the first major lithium- bearing ore deposit in Atlantic Canada. Smith commented, “We know from previous government and academic research that although pegmatite dikes have been mentioned, based on our early field examination, their abundance has been dramatically under-stated. In addition, we also know that numerous quartz – tourmaline ± pyrite veins in the Burgeo Granite resembling the Marathon Gold’s Valentine Lake deposit located approximately 50 kilometres to the north, have not been thoroughly prospected, mapped, or sampled.”

The Company is nearing completion of its compilation and integration of geological, geophysical, and geochemical information on the property. MLK plans to commence high resolution drone mapping, selective geophysics, prospecting, and till geochemistry on the property once weather conditions improve. The Company plans to complete a full exploration program over the property starting in Q2-Q3 2023.

Qualified Persons and 43-101 Disclosure
Paul K. Smith (P. Geo.), President & CEO for the Company, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.

About MLK Gold Ltd.

Founded in 2018, MLK Gold Ltd. is quickly emerging as one of Atlantic Canada's premiere resource exploration companies offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential. Invested in a portfolio of lithium and gold projects in mining and mineral-rich Newfoundland, MLK plans to capitalize on the province's ranking as one of the world’s top 10 mining jurisdictions for financially sound mining.

Additional information about the Company and its activities and promotional video may be found on the Company’s website at www.mlkgold.com and under the Company’s profile at www.sedar.com.

Contact Information

William (Bill) Fleming
Executive Chairman, MLK Gold Ltd.
59 Payzant Drive
P.O. Box 657, Windsor
Nova Scotia, Canada, B0N 2T0
Phone: 902.448.0716
Email: Bill.fleming@manewagi.com

Transatlantic Mining Corp hit a multi year high. Technical chart is looking strong

https://www.barchart.com/stocks/quotes/TCO.VN/opinion

East West CFO DeMare resigns; Lim appointed in interim

2023-02-02 14:21 ET - News Release

An anonymous director reports

EAST WEST PETROLEUM ANNOUNCES CFO CHANGE

East West Petroleum Corp. has accepted the resignation of Nick DeMare as chief financial officer of the company and has appointed Harvey Lim as interim CFO in his stead. Mr. DeMare will remain as interim CEO and corporate secretary of the company.

Mr. Lim holds a bachelor of commerce degree from the University of British Columbia and is a member in good standing of the Institute of Chartered Professional Accountants of British Columbia. Mr. Lim has previously worked for Coopers & Lybrand (PricewaterhouseCoopers LLP) and Ingot Management Ltd. Since 1991, Mr. Lim has held the position of controller for Chase Management Ltd., a private company which provides accounting and management services to companies listed on the TSX Venture Exchange or the Toronto Stock Exchange and its predecessors. Mr. Lim also serves as officer and/or director of other publicly listed companies.

About East West Petroleum Corp.

East West is a TSX Venture Exchange-listed company established in 2010 to invest in international oil and gas opportunities. The company has its primary focus on two key areas: New Zealand, where it has established production and cash flow, and Romania, where it is carried to production on an exploration program. In Romania, the company has exploration rights in four exploration concessions covering one million acres in the prolific Pannonian basin of western Romania with Naftna Industrija Srbije. The company does not own the acres but has exploration rights.

Transatlantic passes Miller mud over gravity table

2023-01-30 16:52 ET - News Release

Mr. Bernie Sostak reports

TRANSATLANTIC MINING COMMENCED RUNNING GRAVITY GOLD TABLE TRIAL AT THE MILLER GOLD MINE

Following completion of the Miller mine portal, Transatlantic Mining Corp.'s mine has been re-entered to clean up accumulated mud and dewater areas where the existing mine development is under water.

A large sample of mud was passed over a gravity table to ascertain if it contained any gold. Visible gold was observed on the gravity table in sufficient quantity to encourage the further processing of this mud.

Dewatering of the mine is being undertaken concurrently with the removal of the mud. This will give access to parts of the old mine last worked in the 1960s.

The Miller gold mine is located in the Broadwater county in the state of Montana, United States. The mine is approximately 29 miles to the northeast of Townsend in Montana, United States. The presence of mineralization has been confirmed by recent sampling in areas of the mine where access is possible.

At the company's Golden Jubilee property, final assay results from the recent 10-hole reverse circulation drill program are pending.

Highlights

Miller mine:

Lower level completed securing portal entrance for winter access;
Dewater older and deeper parts of the mine where visual gold has now been observed in situ;
Commissioned and installed a gravity table into the lower level of the mine.
Key components of the activity

Transatlantic has entered into the Miller mine lower portal and secured the entrance for winter. Work has taken place to remove mud from the lowest level in the mine which was waist (approx 1.5 metre) deep over 200 metres in part.

The company decided to extract the muds out of the mine and run them over a gravity table to ascertain if they contained gold. Gold has been clearly identified, and further work is being undertaken to determine the quantum of the gold content. This was in concert with dewatering an older area in the mine that has not been reached previously. This dewatering also aided in providing further access for additional geological reconnaissance, sampling and additional drill planning activities.

Upon access to the dewatered mine drive, 30 metres of strike is visual on a minus-10-degree gradient with water still at the drive face. In the exposed mine development, visual gold was observed in the wall, roof and floor.

The first rocks out of the old level contain visual gold and sulphide within this newly opened deepest level. It is unknown what the final depth of this drive is. Dewatering will continue until completely dewatered. Once this has occurred, a campaign of geological sampling of the mine wall, roof and floor will be undertaken to assay for gold. The deepest level is now exposed for about 30 metres in length and is approximately two metres wide.

A gravity table has been set up in the mine to trial process the muds that have been extracted out of the mine. The concentrate has been sent to the assay laboratories for analysis, but with panning, it is apparent that large particles of gold are apparent in the concentrate.

About the Miller mine and claim group

Transatlantic has access to the upper and lower level of the mine, where it is currently safe to do so. The Miller mine is situated amongst patented and unpatented claims at an elevation of 1,920 metres (6,400 feet) and accessible by roads 50 miles from Helena, Mont., United States.

The gold and silver mineralization generally occurs on the contacts of sediments and igneous intrusives with native gold and sulphides including pyrite often observed amongst the four known adits located on the property.

"The current team efforts at the Miller mine support that there is still gold mineralization remaining from the historical mine efforts. We look forward to sampling and dewatering the deepest part of the mine further, where visual gold is often observed. Additional diamond drilling will be planned following the geological and technical investigation and assessment of this opening. To see gold in the first instance is a good indicator for more gold in the future," commented Bernie Sostak, chief executive officer of Transatlantic.

About Transatlantic Mining Corp.

Transatlantic (TSX Venture Exchange: TCO) is an emerging precious and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. The company currently has property interests, including an 80-per-cent joint venture position on the Monitor copper-gold project in Montana-Idaho (U.S.) and 100 per cent of the Golden Jubilee gold project with its associated mining rights. The company has also a lease to purchase arrangement for the Miller gold mine in Montana to 100-per-cent ownership.

News Article Regarding Lithium Exploration In Newfoundland

https://www.saltwire.com/atlantic-canada/business/local-business/lithium-exploration-growing-in-nl-100814239/

Lithium exploration growing in N.L.
Evan Careen · Multimedia journalist | Posted: Jan. 13, 2023, 6:41 p.m. | Updated: Jan. 13, 2023, 6:41 p.m. | 3 Min Read

Paul Smith, geologist with MLK, examining multiple pegmatite dikes for elevated lithium and other critical metal content. ContributedPaul Smith, geologist with MLK, examines multiple pegmatite dikes for elevated lithium and other critical metal content. - Contributed

ST. JOHN'S, N.L. — Interest in lithium seems to be picking up in Newfoundland, and a Memorial University geology professor said it isn’t hard to see why.

Derek Wilton, an honorary research professor with the department of earth sciences, said lithium projects have been popping up in different parts of Canada in recent years because the element is used in a variety of high-tech batteries and has been identified as a critical mineral by the federal government.

“It’s a whole group of minerals that Canada has decided are important for the future,” Wilton said. “With this interest in critical minerals, we’re trying to find sources of elements that are close to home, in our own country.”

Canada has no mines producing lithium, but is estimated to have approximately 2.9 million tonnes of the resource nationwide. A number of lithium projects are in various stages across the country, but none are actively producing the element.

All the lithium projects on the island are in the Burgeo area, where Sokoman Minerals and Benton Resources announced in 2021 what they believe is a significant lithium discovery.

The rock in the area is part of the Appalachian Mountain chain, on the same Palaeozoic belt as the Caledonian and Variscan mountain ranges in Europe, and lithium has been discovered on that belt in the United States and the United Kingdom.

Since the company announced what it refers to as the Kraken Pegmatite Field, at least two other companies have begun looking for the element in the region.

Wilton said he’s not surprised the discovery drew interest from other companies, and he wouldn’t be surprised to see more with the increased attention from the federal government.

“The thing is, nobody really looked for it here before,” he said. “There was no real interest in looking for lithium in Newfoundland and Labrador. It would have been a mineralogical curiosity. People would occasionally find some lithium minerals in granite or something, but we never thought of it as an economic endeavour.”

High hopes

One company hoping to find more of the element in Newfoundland is Nova Scotia-based MLK Gold Ltd. MLK, which may already be familiar to industry watchers in the province because of its three gold plays on the island, including its flagship Caledonia Brook project in central, announced recently it had acquired a potential lithium asset near the Sokoman discovery.

Bill Fleming, executive chairperson of the company, told SaltWire Network that after the Sokoman discovery was announced, the company decided to do some looking at other land in the area, and liked what it saw.

“After doing our initial reconnaissance off the Burgeo Highway, we found some great signs, some really good indications of it being a potential host body,” he said. “So we elected to further our portfolio of properties on the critical side and we staked those properties. We’re pretty stoked about the entire project, and I think that Newfoundland, especially with metals and critical minerals, this is just the tip of the iceberg.”

Fleming said there’s a lot of interest in critical minerals in Ontario and Quebec, but Nova Scotia and Newfoundland and Labrador are an untapped region that’s going to attract a lot of foreign capital.

“It’s going to happen. We’re starting to see that interest already,” he said. “It’s knocking on our door right now. Newfoundland is a large jurisdiction with the potential for a lot of untapped resources and we’re just excited to be a part of it.”

Transatlantic Mining Corp DD Report:

Tickers: TSXV:TCO | OTC:TRRGF
Current Price: $0.03 CAD | $0.0195 USD
Common Shares: 86.6 Million
Warrants & Options: 14 Million
Fully Diluted: 100.6 Million – Management & Top 10 Shareholders Own 80% of Float

December 2022 Company Presentation: http://www.transatlanticminingcorp.com/wp-content/uploads/2022/12/TCO_PresentationDecember2022.pdf

December 2022 cash on hand: $3.1 Million CAD
December 2022 total investment value: $2 Million CAD

I usually would post a more thorough due diligence report, but the new company presentation lays everything out clearly. Extremely high-grade gold and copper projects that are all located in the United States. Lots of cash to work with, heavy ownership by only a handful of investors, great projects.

Please do your own due diligence before investing.

MLK acquires 2nd Li asset; arranges $250,000 financing

2023-01-09 10:18 ET - News Release

Mr. William Fleming reports

MLK GOLD. LTD. INCREASES CRITICAL METALS PORTFOLIO IN NEWFOUNDLAND

MLK Gold Ltd. has added a second lithium asset to its growing portfolio of properties. This property is located approximately 18 kilometres due east of the high-grade Kraken lithium and cesium discoveries made by the Benton Resources-Sokoman Mineral Alliance. The new mineral licence consists of 100 mineral claims having highly prospective potential for critical metal mineralization.

The property is located 6 kilometres east of the Burgeo Highway (Route 480). Access onto the property is best by helicopter. Company President and CEO, Paul Smith (P. Geo.) stated that, "Only three previous exploration companies have carried out historical work in the area, apparently for uranium, but no reports were filed with the government". Based on preliminary examination of the Burgeo granite elsewhere to the south, the Company believes there is significant potential for critical metal-bearing pegmatite development in this region. Smith commented, "We know from previous government and academic research that although pegmatite dikes have been noted, based on our preliminary field examination, their abundance has been dramatically under-stated. In addition, we also know that numerous quartz-tourmalineplus or minuspyrite veins resembling Marathon Gold's Valentine Lake deposit located approximately 50 kilometres to the north have not been thoroughly prospected or mapped", William (Bill) Fleming, Chairman of the Board for MLK Gold said, "This marks yet another advance in our strategy to enhance our critical minerals portfolio and where better to do this than on the front step of Newfoundland's first significant discovery of high-grade lithium and cesium mineralization made by the Benton-Sokoman Alliance! We're wishing them every success on their Kraken pegmatite discovery because their success is really a success for the entire Province". The Company plans to complete a full assessment of these claims starting in Q2 2023.

AGM and Special Shareholders Meeting

MLK Gold intends hold its AGM and Special Shareholder Meeting virtually on January 12 at 11 am Atlantic Time.

Caledonia Brook Update

The Company is also looking forward to continued exploration at its flagship Caledonia Brook property where it intends to follow up on both anomalous rock, soil, and glacial till sampling during earlier programs. This work is expected to commence in June and be completed by end of August. Pending financing, the Company will complete an initial drill program of 1,200 metres in 12 proposed holes at the Mustang66, Maverick, and Charlie Zones. Drilling will target lode and intrusive-hosted styles of gold mineralization. Gold at these zones has assayed up to 2.38 g/t Au and with silver up to 71.1 g/t Ag, 4.03 % Zn, and 1.07 % Pb and appears to be focused along either known structural faults occur or where the Company has evidence of shear zones and faulting. MLK's Caledonia Brook property is situated in central Newfoundland west of New Found Gold Corporation, northeast of the Valentine Lake deposit property, and southwest of Sokoman Minerals Moosehead gold property, and shares geological and structural similarities to Marathon Gold's (4.14 million ounces; 3.14 Moz. M&I, 56.7 Mt @ 1.72 g/t Au; 1.00 Moz. Inferred; 18.2 Mt @ 1.70 g/t Au) Valentine Lake deposit along the Victoria Lake - Grand Falls Shear Zone System. The Company's qualified person has not verified data from Marathon Gold's Valentine Lake project and similarities are not indicative of mineralization on the Company's properties.

Financing

The Company has arranged a non-brokered private placement to raise up to $250,000 at a price of $0.025 per unit (each a "UNIT"). Each unit will comprise one share with a full warrant exercisable at $0.05 per share for up to 12 months following closing. A portion of the financing, yet to be determined, is expected to be completed as flow-through.

Qualified Persons and 43-101 Disclosure

Paul K. Smith (P. Geo.), President & CEO for the Company, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.

About MLK Gold Ltd.

Founded in 2018, MLK Gold Ltd. is quickly emerging as one of Atlantic Canada's premiere resource exploration companies offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential. Invested in a portfolio of gold projects in mining and mineral-rich Newfoundland, MLK's plan is to capitalize on the province's ranking as one of the world's top 10 mining jurisdictions and expand into a long-life, financially sound gold-mining company.

We seek Safe Harbor.

$EWPMF - My Due Diligence. Trading Near Cash, Profitable, Has Major Royalty Catalyst:

East West Petroleum Corp Q2 2022. All information is available on Sedar.

Symbols: EW (Canada) – EWPMF (USA) – 37A (Frankfurt)
Prices (November 24, 2022): $0.075CAD - $0.055USD - €0.039EUR
Shares Outstanding: 89,585,665
Options: 400,000 @ $0.10 | 1,890,000 @ $0.06
Warrants: Nil

Allowable Capital Losses: $8,440,000
Non-Capital Losses Available For Future Periods: $28,550,000
Canada: $17,329,000 from 2026-2042 & New Zealand: $11,221,000 (No Expiry Date)
**See Audited Results For More Details**

Financials

ASSETS
Cash: $5,116,085
GST Receivable: $6,602
Amounts Receivable: $294,319
Oil Inventory: $110,014
Prepaid Expenses: $36,082
Property, Plant & Equipment: $230,009
Total Assets: $5,793,111

LIABILITIES
Accounts Payable: $289,284
Decommissioning Liabilities: $997,138
Total Liabilities: $1,286,422

Six Month Performance
Revenue: $1,670,890
Comprehensive Income: $317,820

(Only recent updates. Prior quarterly information is available on Sedar)

Romania

Without a joint declaration of a commercial discovery it is the Company’s position that commercial development of the field cannot proceed, NIS did not share this opinion. Rather than litigating this issue the discussions continued with NIS in an attempt to find a way forward. Given the consequences of a commercial discovery decision and significant funding obligations the Company and NIS continued negotiations on all available options including a monetization event. Negotiations were progressing well and a non-binding letter of intent was finalized. The parties were moving towards final documentation with essential terms of a monetization event agreed, being a cash payment of US $500,000 and a royalty interest of 2.1%, as defined. The outbreak of war between Ukraine and Russia brought all attempts to implement the agreed terms to a halt, with the issue being that NIS is owned, in part, by a Russian entity which is subject to Canadian government sanctions. The Company and NIS are working on the final documentation to implement the agreed terms once closing is possible.

Just a little refresher for current shareholders and new investors regarding Romania:

https://www.eastwestpetroleum.ca/projects/romania/

The original deal struck between East West Petroleum and NIS in 2011 was that NIS would earn 85% interest in this 1,007,500-acre project by completing the first phase of work, having an estimated budget of $62,335,000 USD and proving production capabilities on the first part of the package.

This has been achieved and facilities + test production is going on as we speak at the moment, as per the most recent NIS financial report:

https://ir.nis.rs/fileadmin/template/nis/pdf/Reporting/BusinessReports/English/QR_Q3_2022_eng.pdf

(see pages 5, 6, 24, 34) – All dialogue regarding Teremia is based on the land parcel with East West

Recently, East West made a deal with NIS to sell it’s remaining 15% stake in exchange for $500,000 USD and a 2.1% Royalty on production from anywhere on the 1,007,500-acre project, without any time or value cap. This makes sense because NIS is a multi billion-dollar company from Serbia and East West cannot keep up investing in such a large project. However, NIS can easily pay EW several million dollars a year from a royalty standpoint, in order to fully control and produce from this lease. Keeping in mind this is just the first phase of the project and there are many other drill targets to search for Oil/Gas.

What stops this deal from completing at the moment are sanctions from the Russia/Ukraine war. Gazprom owns a 56% stake in NIS, which doesn’t allow for the deal to be completed. In the meantime, Serbia has looked at either selling Gazproms stake in the company, or nationalizing NIS. This is because sanctions will begin for Serbia soon, based on association with Gazprom, and NIS is the largest company in country. Either solution would allow for the deal to be completed.

In the end, this royalty has tremendous value because it allows East West to generate cash flow from the lease, without any production cost risk. Payments will vary somewhat from quarter to quarter, but it would continue for quite some time.

Vital Energy Q3 2022 Results. Ending September 30, 2022 (All Information Available on Sedar)
Ticker Symbol: VUX
Price: $0.31
Common Shares: 82,249,971
Warrants: Nil
Options: 1,250,000 @ $0.25
Market Cap: $25 million
Insider Holdings: 55,311,353 or 67.3% of the float
Tax Pools: $51 million (Less Q1-Q3 2022 earnings. Available in 2021 audited results)
2021 Reserves: 1,340,100 barrels (Breakdown Available on Sedar)

Financials

ASSETS
Cash: $639,870
Short-Term Investments: $4,115,385
Trade & Receivables: $1,814,897
Prepaid Expenses: $136,659
Deposits: $566,229
Exploration & Evaluation Assets: $3,059,241
Right Of Use Assets: $150,807
Property & Equipment: $15,158,295
Total Assets: $25,641,383

LIABILITIES
Accounts Payable & Accrued Liabilities: $4,576,791
Contract Liabilities: $133,670
Lease Liability: $52,058
Current Decommissioning Liabilities: $305,739
Bank Loan: $60,000
Lease Liability: $103,921
Decommissioning Liabilities: $1,578,818
Total Liabilities: $6,810,997

Nine Month Performance
Revenue: $15,715,827
Net Income: $6,693,694 or $0.081c EPS

Project Updates

Properties

The Company’s strategical plan included further drilling in 2022. As such, in Q3 2022, the Company successfully completed its 2022 new drill program on three (3) Saskatchewan properties where the Company holds a 100% working interest on each property. The properties are located in Steelman, Lampman and Hume. In total, five (5) wells were drilled and completed - Steelman three (3) wells, Lampman one (1) well and Hume one (1) well.

The initial production on the three (3) new wells at Steelman are meeting the Company’s economic expectation. The one (1) new well at Lampman is on production with a lower production rate than expected. The one (1) new well at Hume is uneconomic.

The Company revised the 2022 drilling project from the original plan of eight (8) new wells to five (5) new wells due to (1) the drilling costs of the wells being higher than expected, (2) the reservoirs are more complicated than expected and the Company requires more time to mitigate the risks and uncertainties to an acceptable level and (3) the cost of surface pipeline and infrastructure is higher than planned.
The operational results of the properties for the nine months ended September 30, 2022 were positively impacted by work completed on the properties in 2021. In Q3 2021, the Company completed three horizontal wells at Lampman with production from all wells commencing in September 30, 2021.
In the first nine months of 2021, the Company completed a review of their other properties. As a result, workovers were performed at thirteen (13) wells including two (2) wells at Sullivan lake, three (3) wells at Gull Lake, three (3) wells at Pennant, four (4) wells at Baxter Lake, and one (1) well at Standard Hill. The Company also replaced the desulfurization tower at Sullivan Lake with a desulfurization tower with increased capacity. This assisted in the resumption of operations and allowed the Company to maintain a stable production.

Core Properties

Lampman

Three (3) Frobisher horizontal (“Hz”) wells drilled in July 2021 were from the same surface location and were completed in August 2021. All three (3) Hz wells has been demonstrating stable production rates with very reasonable natural production declines. All wells are fully equipped with electrical primer drivers and pipelines and are periodically tested with Vital’s own onsite 2 phase separator (satellite).

For the nine months ended September 30,2022, the average production wass 278 bbls/d, (sweet light oil, API ranging from 32.5 -36.0)

In Q3 of 2022, the Company drilled one additional Hz well in the southern part of the Lampman property in order to produce the remaining Frobisher reserves. The well was put on production in August 2022. The initial production rate is lower than expected as the well is geologically located on the edge of reservoir, and the limestone target zone changes in both lateral and vertical directions. In order to increase productivity, the Company has initiated a full-scale production optimization analysis. Future work may entail a frac or acid squeeze to stimulate production.

Sullivan Lake

This property has two (2) Ellerslie Hz producing wells and one (1) Banff Hz producing well which were drilled in 2018 and 2019. These Hz wells have a stable production rate with a natural production decline. This property has completed surface facilities including a desulfurization tower and a gas pipeline. There are 6 potential Banff Hz development wells

This area produced 87 boe/d for the nine months ended September 30, 2022 compared to 104 boe/d for the same period in 2021.

Gull Lake

In one of the Company’s core areas of operations, Gull Lake, Saskatchewan, Vital is the designated operator and maintains a 50% working interest. The property is covered with 3D seismic data and has 9 wells producing, or capable of producing, crude oil from the Roseray , Cantuar and Upper Shaunavon formations. This project has a salt-water disposal facility and a gas collection pipeline system. In the Company’s opinion, future drilling opportunities remain on these lands.

At Gull Lake, Vital’s net daily oil and natural gas production for the nine months ended September 30, 2022 was 189 boe/d (2021 – 197 boe/d). The decrease in production was attributable to natural declines in the property. A Waterflood Project (Enhanced Oil Recovery) has been undertaken and it should be completed in Q4 2022.

In order to better evaluate the oil development potential, the Company has utilized the 3D seismic survey which covers all of its Gull Lake lands. As of December 31, 2021, the reserves evaluator, Trimble Engineering, assigned 160,400 boe of proven oil and natural gas reserves net to the Company and 79,400 boe of probable oil reserves net to the Company.

Pennant

Vital is the Operator and maintains a 100% working interest in 12 contiguous sections of land. To date one (1) vertical well and six (6) horizontal wells have been drilled. Four of the horizontal wells and the vertical well have had production. The Company has commenced abandonment and reclamation work on some well site.

3D seismic coverage on about 35% of Vital’s lands indicates the potential for additional drilling locations.
The company’s crude oil production was 26 bbls/d for the nine months ended September 30, 2022 as compared to 33 bbls/d in the comparable period in 2021 when the property was shut-in for a considerable time period due to depressed oil prices, 2 wells workover will be completed in Q4 2022

Steelman

Vital acquired a quarter section of crown land in Saskatchewan in April 2022 and drilled 3 Frobisher Hz wells from the same surface location in Q3 2022. The facility equipment has been installed and the tie-in to the pipeline completed. The average initial production from the three (3) wells is 80 bbl/d which is meeting the Company’s economic expectation and production targets.

Ante Creek

The Company purchased 2.5 sections of crown land in Alberta in Q1 2021. As part of the Company’s 2023 strategic plan, the Montney play in Ante Creek will be the Company’s main focus. Currently, the Company has been working on a detailed geological study and finalizing development plan. The preliminary development plan indicates there are up to 25 development wells.

Evaluation Properties

Hume

The property comprises 6 LSDs of crown land in Saskatchewan with a potential for three (3) Frobisher Hz development wells. In Q3 2022, one Frobisher Hz wells was drilled and was considered uneconomic. The drilling result showed the Frobisher limestone target zone changes in both lateral and vertical directions that indicated that the risks of both geology and drilling engineering would be higher than expected. There were indications that main geological fractures might be encountered which could result in a much higher water cut and be uneconomic to produce. As a result, the well was abandoned after swab test.

The Company will continue to review the results of the first drilled well with the plan of drilling future wells.

Gainsborough

The company acquired 3 LSDs of crown land in Saskatchewan in April 2022 and had planned to drill 2 Hz wells in Q3 2022. The Gainsborough 2022 drilling project was postponed due to the risks and uncertainties related to the geology and projected higher costs than initially planned for drilling operation, surface pipeline and infrastructure.

The Company will continue work on the reservoirs and the geology and will re-evaluate the feasibility of the project at a later date. The drilling program will be resumed if risks and uncertainties are mitigated to an acceptable level.

Non-core Properties

Baxter Lake

The Company performed remedial work in 2021 to reactivate certain wells in the Baxter Lake area as oil prices have improved. In 2022, this area produced 25 boe/d.

Pembina

The Company acquired a quarter section of crown land in Alberta in Q3 2021 and another adjoining quarter section of crown land in June 2022. The Company is currently working on a detailed geology study and development plan. This may allow the drilling of up to 4 Hz Cardium development wells.

Just a little refresher for current shareholders and new investors regarding Romania:

https://www.eastwestpetroleum.ca/projects/romania/

The original deal struck between East West Petroleum and NIS in 2011 was that NIS would earn 85% interest in this 1,007,500-acre project by completing the first phase of work, having an estimated budget of $62,335,000 USD and proving production capabilities on the first part of the package.

This has been achieved and facilities + test production is going on as we speak at the moment, as per the most recent NIS financial report:

https://ir.nis.rs/fileadmin/template/nis/pdf/Reporting/BusinessReports/English/QR_Q3_2022_eng.pdf

(see pages 5, 6, 24, 34) – All dialogue regarding Teremia is based on the land parcel with East West

Recently, East West made a deal with NIS to sell it’s remaining 15% stake in exchange for $500,000 USD and a 2.1% Royalty on production from anywhere on the 1,007,500-acre project, without any time or value cap. This makes sense because NIS is a multi billion-dollar company from Serbia and East West cannot keep up investing in such a large project. However, NIS can easily pay EW several million dollars a year from a royalty standpoint, in order to fully control and produce from this lease. Keeping in mind this is just the first phase of the project and there are many other drill targets to search for Oil/Gas.

What stops this deal from completing at the moment are sanctions from the Russia/Ukraine war. Gazprom owns a 56% stake in NIS, which doesn’t allow for the deal to be completed. In the meantime, Serbia has looked at either selling Gazproms stake in the company, or nationalizing NIS. This is because sanctions will begin for Serbia soon, based on association with Gazprom, and NIS is the largest company in country. Either solution would allow for the deal to be completed.

In the end, this royalty has tremendous value because it allows East West to generate cash flow from the lease, without any production cost risk. Payments will vary somewhat from quarter to quarter, but it would continue for quite some time.

East West Petroleum Corp Q2 2022. All information is available on Sedar.

Symbols: EW (Canada) – EWPMF (USA) – 37A (Frankfurt)
Prices (November 24, 2022): $0.075CAD - $0.055USD - €0.039EUR
Shares Outstanding: 89,585,665
Options: 400,000 @ $0.10 | 1,890,000 @ $0.06
Warrants: Nil

Allowable Capital Losses: $8,440,000
Non-Capital Losses Available For Future Periods: $28,550,000
Canada: $17,329,000 from 2026-2042 & New Zealand: $11,221,000 (No Expiry Date)
**See Audited Results For More Details**

Financials

ASSETS
Cash: $5,116,085
GST Receivable: $6,602
Amounts Receivable: $294,319
Oil Inventory: $110,014
Prepaid Expenses: $36,082
Property, Plant & Equipment: $230,009
Total Assets: $5,793,111

LIABILITIES
Accounts Payable: $289,284
Decommissioning Liabilities: $997,138
Total Liabilities: $1,286,422

Six Month Performance
Revenue: $1,670,890
Comprehensive Income: $317,820

(Only recent updates. Prior quarterly information is available on Sedar)

Romania

Without a joint declaration of a commercial discovery it is the Company’s position that commercial development of the field cannot proceed, NIS did not share this opinion. Rather than litigating this issue the discussions continued with NIS in an attempt to find a way forward. Given the consequences of a commercial discovery decision and significant funding obligations the Company and NIS continued negotiations on all available options including a monetization event. Negotiations were progressing well and a non-binding letter of intent was finalized. The parties were moving towards final documentation with essential terms of a monetization event agreed, being a cash payment of US $500,000 and a royalty interest of 2.1%, as defined. The outbreak of war between Ukraine and Russia brought all attempts to implement the agreed terms to a halt, with the issue being that NIS is owned, in part, by a Russian entity which is subject to Canadian government sanctions. The Company and NIS are working on the final documentation to implement the agreed terms once closing is possible.

MLK Gold Ltd. October 2022 Monthly Progress Report - https://webfiles.thecse.com/2022_10_31_CNSX_Form_7_MLK_October_2022.pdf?40AKqCSow8.g.00x5bk5jAk9RQtHKoDQ

MLK Gold Ltd. (“MLK” or the “Company”) carried out field exploration on the southwestern part of its Caledonia Brook project in southern Newfoundland. At this location the property is underlain by a large area of intense alteration with variable sulphide mineralization and low levels of gold and copper mineralization.

The Company is also in discussion with several 3rd party corporations interested in lithium mineralization. The Company’s lithium property in southern Newfoundland has numerous pegmatites up to 1.5 metres wide and containing coarse grained quartz and feldspar crystals up to 30 cm in length and 10 cm in cross section. Continuing field exploration on this, and other properties will continue as long as weather conditions permit. There is still over 80% of the property left to explore.

The Company is still waiting on a favourable decision from the Town of Conception Bay South regarding its application for an exploration permit on its Manuels low sulphidation, epithermal Gold Project on the Avalon Peninsula of Newfoundland. Management finalized and filed its Q3 filing documents. An assessment report on the Caledonia Brook property is nearing completion and will be submitted to the Newfoundland government in November.

News Article - Serbia Won't Rule Out Nationalizing Its Oil Industry - Good For East West

This is good news for East West as it would allow the company to complete the cash & royalty deal mentioned in their management discussion information:

On page 4 of MD&A - Negotiations were progressing well and the parties were moving towards final documentation with essential terms of a monetization event agreed, being some limited cash and a royalty interest. The outbreak of war between Ukraine and Russian brought all attempts to implement the agreed terms to a halt, with the issue being that NIS is owned, in part, by a Russian entity which is subject to sanctions. The Company is considering what steps could be implemented to allow the transaction to proceed.

recent article - https://oilprice.com/Latest-Energy-News/World-News/Serbia-Wont-Rule-Out-Nationalizing-Its-Oil-Industry.html

TSXV:ELM - Element Lifestyle Retirement Inc.
Price: $0.025 CAD
Common Shares: 70,478,299
Warrants/Options: Nil (Expired September 2022)
Insider Holdings: 10,090,000 or 14.3% - From last information circular on Sedar
Institutional Holdings: 25,200,000 or 35.7% - From last information circular on Sedar
Market Cap: $1.76M CAD – As of November 3, 2022

Company Description

Element is a retirement living specialist that exists to improve quality of life for seniors and their families. Collectively, Element’s leadership team has well over 100 years' experience in real estate and master-planned community development, with specialization in hospitality management, and retirement community development and operations.

Element’s key objective is providing two primary types of services to its client companies: (a) development services and (b) management services. Element is providing services to retirement communities owned by third parties. Element’s strategy is to grow with fiscal prudence but seeks to minimize risk and investment in capital expenditures. To achieve this, Element’s primary focus in the short term will be to offer its development and management expertise to third party owners and independent operators and to place asset ownership as a secondary priority. Element does not have an ownership interest in the three projects, OPAL by element, OASIS by element and Aquara by Element.

*Note* - New deal announced October 3, 2022 to work with Cedar Living. More Information below.

Most Recent Financial Results (Ending August 31, 2022)

ASSETS
Cash: $814,910
Accounts Receivable: $83,318
Prepaid Expenses: $9,250
Due From Related Parties: $19,413
Long Term Investment: $355,283
Long Term Note Receivable: $565,233
Property & Equipment: $25,037
Trademarks: $27,147
Total Assets: $1,899,659

LIABILITIES
Accounts Payable: $74,207
Convertible Debenture: $2,510,000 – Extended to August 29, 2025. More Info Below.
Total Liabilities: $2,584,207

Quarterly Results – Q3 2021, Q4 2021, Q1 2022

Q3 2021
Revenue: $746,667
Expenses: $500,830
Net Income: $245,837

Q4 2021
Revenue: $1,099,487
Expenses: $695,123
Net Income: $404,364

Q1 2022
Revenue: $263,846
Expenses: $492,708
Net Loss: -$214,223

Management Discussion Highlights

(a) Development Services The Company’s development consulting services include property selection, assembly and acquisition; building and community design; municipal approval and land entitlement processes; financing; marketing, sales and leasing, and construction project management. The development stage of a seniors’ residence project is critical to the success, reputation and long-term sustainability of the business. When a residence has an optimal blend of suite mixture, layout and design, the business operates more effectively and efficiently. Purpose-built design can contribute greatly to overall resident and family satisfaction which in turn may contribute to reduced vacancy and increased profitability.

(b) Management Services The Company can also provide expertise in day-to-day operations that ensure growth, profitability and retention. With its extensive expertise, Element is skilled in addressing every aspect of the daily operations of a seniors’ living community, with services tailored to meet a resident’s needs. Once the development stage is completed, Element will be providing long-term management of the facilities. The Company manages the administration, operation and financing of retirement communities and physical facilities. Under its model, Element will provide care and supportive services, activities programming and extensive amenities for various lifestyles, from Independent Living, Assisted Living, Complex Care to End-of-Life Care. The model aims to enable holistic wellness (mind, body and spiritual) and quality of life for seniors.

In summary, the Company oversees the entire development process and commits for the long term to manage ongoing operations and administration once development is completed. This vertically integrated concept is unique and sets the Company apart from other retirement operators in the industry.

Business Highlights

The Company is currently engaged in the development of three seniors’ retirement communities, Opal Vancouver (“Opal”) (formerly Opal by Element), Opal Victoria (“Aquara”) (formerly Aquara by Element),.and Opal Langley (“Oasis”) (formerly Oasis by Element). Opal, Oasis and Aquara are owned by related parties (see “Related Party Transactions”).

Opal Project

Element is the development and operations consultant to Opal Vancouver (Opal Development Limited Partnership). The approximate 142,000 square feet community is comprised of 44 seniors’ residential condominium units, 56 seniors’ rental units and 30 seniors’ Licensed Care units. As at October 26, 2022, Opal Vancouver is currently engaged in leasing up the rental units. Licensed Care units are fully occupied.

Oasis Project

The project is a master-planned community on 17 acres of land in the Township of Langley, conveniently located across from the Langley Events Centre. The development is expected to be completed in phases and to consist of approximately 721,000 square feet of gross floor area for residential use with 835 residential units and 26,000 square feet of gross floor area for commercial use. The rezoning application for the 17 acres of land and the development permit application for the first 20-storey lifestyle retirement community with 70 seniors' residential condominium units, 84 seniors' rental units and 42 seniors' licenced care units were submitted to the Township of Langley and third reading was given by council on February 5, 2018, currently working towards achieving the final reading.

Aquara Project

The Aquara Project is located 2 minutes' walk from Victoria Harbour's waterfront boardwalk and new Victoria International Marina, and 5 minutes' drive to Downtown Victoria. It is part of a master planned community, which includes several existing highrise residential towers. Over the next few years, this vibrant, progressive neighbourhood will see the development of a cultural hub, a hotel, retail stores, trails and parks. Aquara is a fivestorey concrete development consisting of approximately 153,000 square feet of gross floor area with 155 units with a mixture of condo, rental and licenced care units. Excavation has been completed. The project engaged in some value engineering to reduce the construction cost. A Delegated Development Permit application to reflect the value- engineered items has been approved by the City of Victoria. Updates on building plans are in progress to reflect changes resulting from the value engineering exercise. Foundation Permit application was submitted to the City of Victoria was submitted on September 16, pending approval, with target to commence work before end of 2022.

Subsequent Events

On September 27, the Company signed a consulting agreement with 530 Real Estate Investment Inc. for the proposed Cedar Living Project in West Vancouver, B.C. The services will include advise on numerous facets of the project which will include (but not limited to) design, development, and suite mix of the approximately 300 rental independent supportive private retirement units. This project is at arms length to Element and is consistent with the Company’s plan to provide its management expertise to projects in Western Canada.

On September 28, 2022, 400,000 stock options expired.

Future Business Opportunities

The management team continues to explore numerous business opportunities. The Company has made a significant investment in its people and strongly believes that this key asset is very important when building its corporate brand and engaging with prospective future business partners. The Company believes that it is critically important to have a strong operational team to not only properly investigate future business opportunities but also to ensure that development designs meet operational needs when projects are transitioned to long-term management contracts.

Outlook and Strategy

The Company’s key strategic priorities are:

• continuing managing the operation of OPAL Project in the core of Vancouver’s vibrant Cambie Village;
• taking the Company’s award-winning 17-acre master-planned project, OASIS in Langley, through to fourth reading in calendar year 2022; and
• commencing development activities on the proposed $88 million AQUARA project located on 1.96 acres along the harbourside of Victoria at Bayview Place that will comprise approximately 155 elegantly accommodated units.

The Company’s directors and management believe that these priorities are formulating a solid foundation for Element Lifestyle Retirement Inc., and its shareholders, as it continues working towards building a prosperous, well respected and long-term seniors’ retirement development and management services organization.

The Company continues to be focused on taking significant measures to reduce its monthly cash burn by eliminating non-essential expenditures and preserving its cash position.

The Company will continue to evaluate potential acquisitions to create a strong portfolio of projects, either owned or managed.

Management believes that the Company is well-positioned for both organic and external growth, supported by favourable demographics of a growing seniors’ population, the strong demand for seniors’ services and keeping in mind the operational and regulatory challenges to the seniors’ living sector.

Debenture Information

Element Lifestyle to extend debenture maturity
2022-08-19 14:47 MT - News Release
Mr. Michael Diao reports
ELEMENT EXTENDS CONVERTIBLE DEBENTURE
Element Lifestyle Retirement Inc. has reached an agreement in principle with the holders of its debentures issued in 2017 to extend their maturity from Aug. 29, 2022, to Aug. 29, 2025. The extension of the maturity date of the 2017 debentures remains subject to finalizing and executing definitive documentation between the Company and the holders of the 2017 debentures. The terms of debenture remain the same at 7% per annum on the principal amount, payable semi-annually with a conversion price of $0.30 per common share. As consideration for the extension, the Company has agreed to prepay the debenture holders 10% of the value of the debenture in cash thereby reducing the total amount of the debenture from $2,510,000 to $2,259,000. The extension is also subject to the Company's filing requirements with the TSX Venture Exchange because of the convertibility feature of the debenture.

New update on the CSE for MLK that came out yesterday:

https://webfiles.thecse.com/2022_09_30_CNSX_Form_7_MLK_September_2022.pdf?Sd8Xk4Daf7oHic6nYKvDub3ZB.cmTXLw

MLK Gold Ltd. (“MLK” of the “Company”) carried out field exploration at itsHighway 360 Lithium project in southern Newfoundland. Numerous pegmatite dikes were observed on the east end of the property with some pegmatites being up to 1.5 metres wide and containing coarse grained quartz and feldspar crystals up to 30 cm in length. There is still over 90% of the property left to explore.

The Company also carried out field exploration on its Manuels epithermal Gold Project in the Avalon Peninsula of Newfoundland. Executives from MLK Gold met with the planning committee from the Town of Conception Bay South to discuss upcoming plans for the project. The meeting was also attended by three representatives from the Newfoundland Department of Industry, Energy, and Technology who discussed general aspects of exploration and mining as applied under the Mineral Act and the Mining Act. Executives also researched drone geophysics and satellite seismic technology to assist on all its properties.

Management started work on preparation of the Q3 filing documents. The Company issued a news release that it was extending the last round of its warrants due to the delayed listing on the CSE.

Two assessment reports were finalized and submitted to the Newfoundland government.

Management pursued several avenues for financing its projects including JV and option arrangements.