Pure Gold Mining Inc (LRTNF)

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PureGold files Third Quarter 2022 Financials Provides LOM Plan and Technical Report Update
November 14, 2022
VANCOUVER, B.C. – Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), today filed Third Quarter 2022 summary financial and operating results. The Company’s unaudited condensed interim financial statements and related management’s discussion and analysis for the three and nine months ended September 30, 2022, will be available for download on SEDAR and on the Company’s website. All amounts are expressed in Canadian dollars (“$”), unless otherwise noted.

Following the decision to place the PureGold Mine on care and maintenance and considering the time constraints associated with the Companies’ Creditors Arrangement Act (“CCAA”) proceedings, the Company no longer expects to release a Pre-Feasibility Study (“PFS”) Technical Report in the fourth quarter of 2022 as has been previously disclosed. The Company continues to evaluate several alternatives to advance an updated Life-of-mine Plan (“LOM Plan”) for the PureGold Mine which may include the completion of a PFS or similar study at a later date.