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Exploration Update on Labrador Gold’s Ashuanipi Project

Labrador Gold Corp., a Canadian based mineral exploration company, has announced that it has received a request to halt further exploration at its Ashuanipi project in western Labrador.

The request was received after the commencement of the company’s exploration program and follow-up discussions with members of the Matimekush-Lac John First Nation in Schefferville, Quebec.

Labrador Gold holds, under option, several mineral licenses in western Labrador, south-east of Schefferville that cover a part of a trapline owned by a few members of the Matimekush-Lac John First Nation and carried out exploration without any incident during 2017 and 2018.

It is unfortunate that discussions to date have resulted in us having to stop work. However, we will respect their decision as we continue discussions with the aim of maximizing benefits for all stakeholders. The company is committed to maintaining good relationships with the community as we look to restart our exploration program at Ashuanipi.

Roger Moss, President and Chief Executive Officer, Labrador Gold Corp.

Labrador Gold will continue talks to correctly understand the apprehensions of the Matimekush-Lac John First Nation and to look for ways in which it can work with the community, so that its low-impact exploration does not affect their traditional activities.

Labrador Gold is also studying the Hopedale, Labrador, and Borden Lake Extension, Ontario projects with the intention to conduct additional exploration on one or both of the projects during the rest of the field season.

Roger Moss, PhD., P.Geo., is the qualified person accountable for all technical data in this press release.

Labrador Gold gratefully recognizes the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Ashuanipi property.


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