Signature Resources Ltd. (SGGTF)

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SIGNATURE RESOURCES STAKES ADDITIONAL 5 KM OF FAVOURABLE GOLD TREND AT LINGMAN LAKE

FOR IMMEDIATE RELEASE July 14, 2020
Toronto, Ontario, July 14, 2020. Signature Resources Ltd. (TSXV-SGU, OTQB-SGGTF, FSE-3S3) (“Signature” or the “Company”) announces that the company has acquired by staking 5 kilometers of the eastern portion of the Lingman Lake greenstone belt covering its northern and eastern contact.

“The 102 cells that were staked over the eastern portion of the Lingman Lake greenstone are important because the Lingman Lake gold mine is associated with this contact. This staking has increased the strike length of the favorable contact zone by approximately 5 kilometers. In total, approximately 28 kilometers of strike, essentially the entire northern contact of the Lingman Lake greenstone belt is now available as a regional exploration package”, commented Walter Hanych, President-CEO.

In addition, 12 fill-in single cell claims were staked on the northern contact and 3 boundary claims were staked. The Lingman Lake property now consists of 600 claims totalling approximately 11,725 hectares.

As COVID-19 restrictions ease-up, the company is planning to undertake a program of ground follow-up of targets identified from the airborne survey conducted in 2018. Six areas have been selected for evaluation this summer.

The Company has also granted 250,000 incentive stock options, to a Director of the Company. The incentive options have an exercise price of $0.05, expire five years from the date of issuance and vest upon issuance.