TRU NEWS

All disclosure filings, including news releases and financial documents can be found on the TRU Precious Metals SEDAR page.

 
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TRU Precious Metals provides update on summer 2021 exploration program

Fredericton, New Brunswick – July 30, 2021 –TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF; FSE:706) (“TRU” or the “Company”) is pleased to provide a comprehensive update on its exploration program across its properties in the Central Newfoundland Gold Belt. The Company also announces the results of its annual and special shareholder meeting held on July 29, 2021 (the “Meeting”).

Fredericton, New Brunswick – July 30, 2021 –TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF; FSE:706) (“TRU” or the “Company”) is pleased to provide a comprehensive update on its exploration program across its properties in the Central Newfoundland Gold Belt. The Company also announces the results of its annual and special shareholder meeting held on July 29, 2021 (the “Meeting”).

Golden Rose Project

The Company is continuing its systematic program of soil sampling, till sampling, geological mapping and prospecting as the Golden Rose Project becomes its exploration focus for the remainder of the summer field season. Almost 2,000 field samples have been submitted for geochemical analysis, with results pending over the next 6-8 weeks. Meanwhile, the Company is also preparing to carry out an airborne geophysical survey over recently-acquired portions of the Golden Rose Project, with such survey expected to begin in early August.

GoldSpot Discoveries Corp., a technical services provider to the Company, has made its preliminary target presentation to the Company, and is also completing geological modeling of the South Woods Lake Gold Zone (“SWL Gold Zone”), where historical drilling over a 550 metre (m) long section of a felsic intrusive previously confirmed the presence of significant gold mineralization. This geological modeling will aid the Company in selecting drill targets at the SWL Gold Zone. The Company is also applying for permitting and securing a drilling contractor with a view to carrying out its previously-disclosed 5,000 m drill program at the Golden Rose Project, expected to commence in October 2021. The drill program will focus on infilling and expanding the gold mineralized felsic intrusive at the SWL Gold Zone, and will also target the claims optioned by TRU on July 13, 2021, on which the Company found visible gold grains and a nearby gossan.

Twilite Gold Project

On July 7, 2021, the Company announced the completion of its phase 1, 2,577 m drilling program at its Twilite Gold Project, focusing on a previously-identified target now called the Fort Knox Gold Zone. Core cutting and sample submission, which were being carried out on an ongoing basis, have been completed this week. Results are expected on a rolling basis over the next approximately 6 weeks and will be publicly disclosed in batches as previously reported.

Early-Stage Properties

On May 25, 2021, the Company announced a phase 1 exploration program at its Gander West property, located approximately 16 kilometres from New Found Gold Corp.’s Queensway Project. All rock and soil geochemical results from the limited-scale, orientation-level field program have now been received, with results still outstanding from nine till samples submitted for gold grain analysis. The best result from rock sampling was 395 parts per billion (ppb) gold (Au) from a grab sample. The best results from 118 soil samples were 52 ppb and 31 ppb Au. Results are being plotted for interpretation and to determine where additional infill sampling or other field follow-up may be warranted.

On June 17, 2021, the Company announced that it had completed a property-wide targeted soil survey at its Rolling Pond property bordering the Queensway Project, which was designed to provide the Company with another layer of geochemical data in prospective areas after compilation of historic geophysics, diamond drilling and prospecting. To date, the Company has received results for approximately one-quarter of its soil samples, with the best results being 61 and 34 ppb Au, and has also received all rock grab sample results with none being significant. Once all outstanding results have been received over the next several weeks, the Company will determine whether and where ground follow-up may be warranted.

In early July 2021, the Company completed an orientation-level soil sampling and prospecting program at its Stony Lake property, located 5 to 10 kilometres south of the Twilite Gold Project. In total, 171 soil samples and 39 rock grab samples were collected, with results expected over the next approximately 6 weeks.

Meeting Results

The Company is also reporting voting results from the Meeting. Shareholders approved all routine items of business, including electing each of the directors nominated by management, namely Joel Freudman, Damian Lopez, Barry Greene, David Hladky and Colin Sutherland. In terms of special items of business, shareholders approved the Company’s stock option plan and the continuance of the Company from Alberta into Ontario, but not the proposed restricted share unit plan.

National Instrument 43-101 Disclaimers

The rock grab, soil, and float samples presented are selective by nature, and values reported may not represent the true grade or style of mineralization across the mineral properties in question. These potential grades are conceptual in nature; there has been insufficient exploration by the Company at any TRU property to define a mineral resource; and it is uncertain whether further exploration will result in these targets being delineated as a mineral resource.

Barry Greene, P.Geo. is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the contents and technical disclosures in this press release. Mr. Greene is a director and officer of the Company and owns securities of the Company.

About TRU Precious Metals Corp.

TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold Belt. The Company has an option with a subsidiary of TSX-listed Altius Minerals Corporation to purchase 100% of the Golden Rose Project, located along the deposit-bearing Cape Ray – Valentine Lake Shear Zone. TRU also owns 100% of the Twilite Gold Project, located along the same Shear Zone, and 3 under-explored properties including its Rolling Pond Property (under option) bordering New Found Gold Corp.’s high-grade Queensway Project. TRU’s common shares trade on the TSX Venture Exchange under the symbol “TRU”, on the OTCQB Venture Market under the symbol “TRUIF”, and on the Frankfurt exchange under the symbol “706”.

TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization companies listing on Canadian stock exchanges. For more information on Resurgent and its portfolio companies, please visit Resurgent’s LinkedIn profile at https://ca.linkedin.com/company/resurgent-capital-corp

For further information about TRU, please contact:

Joel Freudman
Co-Founder, President & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: IR@trupreciousmetals.com
Website: www.trupreciousmetals.com  

To connect with TRU via social media, below are links:

Acknowledgement

TRU would like to thank the Government of Newfoundland and Labrador for financial support of the Twilite Gold Project through the Junior Exploration Assistance Program. TRU has been approved for funding for a portion of its 2021 exploration activities at the Twilite Gold Project.

Cautionary Statements Regarding Forward-Looking Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains certain forward-looking statements, including those relating to the methods and timing for exploring the Company’s mineral properties, the prospectivity and mineralization of such properties, and permitting processes. These statements are based on numerous assumptions regarding the execution and success of exploration plans that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s properties; the exploration potential of the Company’s properties and the nature and style of mineralization at same; risks inherent in mineral exploration activities; volatility in financial markets, economic conditions, and precious metals prices; challenges in attracting and retaining qualified personnel; and those other risks described in the Company’s continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.

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TRU Precious Metals Completes Soil Sampling Program at Its Rolling Pond Property Bordering New Found Gold’s Queensway Project

Fredericton, New Brunswick – June 17, 2021 –TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF; FSE:706) (“TRU” or the “Company”) is pleased to announce that it has completed a property-wide soil sampling program at its Rolling Pond Property in the Central Newfoundland Gold Belt.

Fredericton, New Brunswick – June 17, 2021 –TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF; FSE:706) (“TRU” or the “Company”) is pleased to announce that it has completed a property-wide soil sampling program at its Rolling Pond Property in the Central Newfoundland Gold Belt. The Rolling Pond property is contiguous with the south end of New Found Gold’s Queensway project. New Found Gold reported drill intercepts on May 21, 2021 at the Queensway Project of 146.2 grams per tonne gold over 25.6 meters (1).

The completed geochemical surveying program represents TRU’s first phase of field work at the Rolling Pond property and consisted of extensive and detailed sampling (684 samples were collected). The sampling covered the large hydrothermal and quartz breccia system, which has been identified over a 1.2 km strike length but has never been subjected to a systematic soil geochemical survey. The sampling was positioned to expand upon a known soil geochemical anomaly near the south-central area of the property where a coincident multi element soil anomaly has returned gold values from 5 parts per billion (ppb) to 142ppb, one of two gold anomalous areas spanning a 500m length. The samples are being submitted to Eastern Analytical of Springdale, NL for gold fire assay and 34 element ICP geochemical analysis. Eastern Analytical is an independent accredited assay lab that conforms to requirements of ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) 17025.

Figure 1: TRU Rolling Pond Property Location

Figure 1: TRU Rolling Pond Property Location

Figure 2: TRU Precious Metals Rolling Pond Soil Sample Location

Figure 2: TRU Precious Metals Rolling Pond Soil Sample Location

TRU Co-Founder and CEO, Joel Freudman, commented: "We are excited to announce the completion of our first phase of work at Rolling Pond. Completing this detailed geochemical survey is a cost-effective way to provide the Company with greater technical data on this large target area and assists in facilitating guidance for our next phases of groundwork.  Rolling Pond, being next door to New Found Gold's Queensway Property, provides TRU with an advantageous access point to the prospective geology of that area. We remain encouraged by historical findings that the nature and style of mineralization at the Rolling Pond Property appears similar to that of New Found Gold's and thus look forward to the results from this program.”

Barry Greene, P.Geo. is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents and technical disclosures in this press release. Mr. Greene is a director and officer of the Company and owns securities of the Company.

About TRU Precious Metals Corp.

TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold Belt. The Company has an option with a subsidiary of TSX-listed Altius Minerals Corporation to purchase 100% of the Golden Rose Project, located along the deposit-bearing Cape Ray – Valentine Lake Shear Zone. TRU also owns 100% of the Twilite Gold Project, located along the same Shear Zone, and 3 under-explored properties including its Rolling Pond Property (under option) bordering New Found Gold Corp.’s high-grade Queensway Project. TRU’s common shares trade on the TSX Venture Exchange under the symbol “TRU”, on the OTCQB Venture Market under the symbol “TRUIF”, and on the Frankfurt exchange under the symbol “706”.

TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization Canadian companies. For more information on Resurgent and its portfolio companies, please visit Resurgent’s LinkedIn profile at https://ca.linkedin.com/company/resurgent-capital-corp.

For further information about TRU, please contact:

Joel Freudman
Co-Founder, President & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: IR@trupreciousmetals.com
Website: www.trupreciousmetals.com  

 

To connect with TRU via social media, below are links:

Cautionary Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information in this press release relating to third-party mineral exploration properties are from sources believed to be reliable, but that have not been independently verified by TRU. Certain historical technical information herein relating to Rolling Pond Property has been supplied by the optionor of this property and has not been independently verified by TRU.

This press release contains certain forward-looking statements, including those relating to exploring the Company’s mineral exploration properties and the prospectivity and mineralization of the Company’s properties. These statements are based on numerous assumptions regarding the execution and success of exploration plans that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s properties; the exploration potential of the Company’s properties and the nature and style of mineralization at same; risks inherent in mineral exploration activities; volatility in financial markets, economic conditions, and precious metals prices; challenges in attracting and retaining qualified personnel; and those other risks described in the Company’s continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.

____________________

[1] Source: https://newfoundgold.ca/news/new-found-intercepts-146-2-g-t-au-over-25-6m-in-65m-step-out-to-south-at-keats-extends-high-grade-zone-to-425m-down-plunge/

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TRU Precious Metals Announces Corporate Strategy Update

Fredericton, New Brunswick – June 15, 2021 –TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF; FSE:706) (“TRU” or the “Company”) wishes to provide the following updates and details regarding its corporate strategy.
The Company is unveiling its corporate strategy for the 2021 calendar year, called “TRU Vision 2021”, which is to build shareholder value by exploring and developing and, when opportune, consolidating the Cape Ray – Valentine Lake Shear Zone (the “Shear Zone”) and the Appleton Fault.

Fredericton, New Brunswick – June 15, 2021 –TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF; FSE:706) (“TRU” or the “Company”) wishes to provide the following updates and details regarding its corporate strategy.

The Company is unveiling its corporate strategy for the 2021 calendar year, called “TRU Vision 2021”, which is to build shareholder value by exploring and developing and, when opportune, consolidating the Cape Ray – Valentine Lake Shear Zone (the “Shear Zone”) and the Appleton Fault.

TRU Co-Founder and CEO Joel Freudman explained: “As the field becomes increasingly crowded in the Central Newfoundland Gold Belt, both figuratively and literally, we need to continue distinguishing TRU to the market, and TRU Vision 2021 is our overarching path forward. We believe we will accomplish this through a concerted effort to identify discoveries at our properties, and at the corporate level through relentless execution and delivering on the guidance we provide to the market as best we can. In addition, over time we also believe it will prove to be a sustainable competitive advantage to cement a meaningful presence on the Shear Zone and/or the Appleton Fault.”

Figure1: TRU Property Map

Figure1: TRU Property Map

The Shear Zone is a deposit-bearing geological corridor that runs diagonally, from southwest to northeast, through the Central Newfoundland Gold Belt. It hosts two sizable known gold deposits, namely the Matador Mining Cape Ray deposit and the Marathon Gold Valentine Gold deposit, between which is located the Company’s flagship property, the Golden Rose Project. Further up the Shear Zone the Company has its Twilite Gold Project, where drilling is currently underway (see press releases dated June 1 and June 8, 2021).

The Appleton Fault is a fault line that runs north to south through the Central Newfoundland Gold Belt, and along which is located the Keats Zone at New Found Gold’s Queensway Project, which has yielded extremely high-grade drilling results. The Company’s Gander West Property is only 16 kilometres northwest of the Keats Zone, and the Company’s Rolling Pond Property shares a border with the Queensway Project in the southwest.

TRU has assembled this prospective property portfolio and a high-performance team, with a collective drive to execute the TRU Vision 2021 strategy through two primary means: (1) systematic, targeted exploration of the Company’s existing property portfolio, which is already well underway; and (2) considering strategic follow-on property acquisitions.

Specifically, the Company intends to execute its TRU Vision 2021 strategy through accomplishment of the following objectives:

  1. Exploring TRU’s entire property portfolio, with a discovery-oriented team focusing on the flagship Golden Rose Project and the Twilite Gold Project, both located on the Shear Zone. Exploration efforts have been scoped out and budgeted for systematic advancement by deploying lower-cost methods first, and allocating more funds towards the most advanced properties and targets. Comprehensive details are available in the Company’s May 31, 2021 press release.

  2. Recruiting additional mining executives to the Company’s board of directors and/or management team.

  3. Evaluating property acquisition opportunities contiguous with or close to the Company’s existing properties, and/or properties along the Shear Zone and/or the Appleton Fault.

Mr. Freudman concluded, “TRU continues its evolution and development as a junior mineral explorer whose team is relentlessly working to unlock shareholder value. We believe we are well-positioned for exploration upside and discovery potential from our current property portfolio, let alone any other value-generating corporate initiatives. Our shareholders and other stakeholders should expect no less.”

About TRU Precious Metals Corp.

TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold Belt. The Company has an option with a subsidiary of TSX-listed Altius Minerals Corporation to purchase 100% of the Golden Rose Project, located along the deposit-bearing Cape Ray – Valentine Lake Shear Zone. TRU also owns 100% of the Twilite Gold Project, located along the same Shear Zone, and 3 under-explored properties including its Rolling Pond Property (under option) bordering New Found Gold Corp.’s high-grade Queensway Project. TRU’s common shares trade on the TSX Venture Exchange under the symbol “TRU”, on the OTCQB Venture Market under the symbol “TRUIF”, and on the Frankfurt exchange under the symbol “706”.

TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization Canadian companies. For more information on Resurgent and its portfolio companies, please visit Resurgent’s LinkedIn profile at https://ca.linkedin.com/company/resurgent-capital-corp.

For further information about TRU, please contact:

Joel Freudman
Co-Founder, President & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: IR@trupreciousmetals.com
Website: www.trupreciousmetals.com  

 

To connect with TRU via social media, below are links:

Cautionary Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains certain forward-looking statements, including those relating to the Company’s corporate strategy, exploration plans, mineral property acquisitions, and executive recruitment. These statements are based on numerous assumptions regarding the Central Newfoundland Gold Belt and the Company’s corporate strategy that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: risks inherent in mineral exploration activities; mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s properties; challenges in identifying and completing transactions, on favourable terms or at all; volatility in financial markets, economic conditions, and precious metals prices; regulatory approval processes; difficulties in attracting and retaining qualified personnel; and those other risks described in the Company’s continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.

Barry Greene, P.Geo. (NL), is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the technical information in this press release. Mr. Greene is a director and officer of the Company and owns securities of the Company.

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TRU Precious Metals signs option agreement for Rolling Pond property bordering New Found Gold’s Queensway Project

Fredericton, New Brunswick – November 19, 2020 – TRU Precious Metals Corp. (TSXV: TRU) (“TRU” or the “Company”) is pleased to announce that its wholly-owned subsidiary has entered into an option agreement dated November 18, 2020 (the “Option Agreement”) with an arm’s length individual (the “Optionor”), in respect of 11 mineral licenses covering 224 contiguous claims located in central Newfoundland (the “Rolling Pond Property”) and bordering New Found Gold Corp.’s Queensway Project.

Fredericton, New Brunswick – November 19, 2020 – TRU Precious Metals Corp. (TSXV: TRU) (“TRU” or the “Company”) is pleased to announce that its wholly-owned subsidiary has entered into an option agreement dated November 18, 2020 (the “Option Agreement”) with an arm’s length individual (the “Optionor”), in respect of 11 mineral licenses covering 224 contiguous claims located in central Newfoundland (the “Rolling Pond Property”) and bordering New Found Gold Corp.’s Queensway Project.

TRU Co-Founder and CEO Joel Freudman commented: “As TRU continues to build out its mineral property portfolio, we are very excited to start investing in the Rolling Pond Property and become next-door neighbours to New Found Gold. The Option Agreement is a cost-effective, incremental approach to gain access to the prospective regional geology in the area, which is consistent with our goal to add properties of merit at justifiable prices. We are further encouraged by early findings that the nature and style of mineralization at the Rolling Pond Property appears similar to that at New Found Gold’s Queensway Project.”

New Found Gold recently reported drill results at the Queensway Project that included 44.5 grams per tonne (g/t) of gold (Au) over 6.85 metres (m), within an interval of 11.8 g/t Au over 29.15 m (source: New Found Gold press release dated November 16, 2020).

Mr. Freudman further commented “In connection with the Option Agreement, TRU will be partnering with our Technical Advisor Dean Fraser for the majority of the exploration work at the Rolling Pond Property. Dean has a wealth of experience and TRU will be drawing on his extensive geological expertise and knowledge of the property to run exploration efforts there. We believe that Rolling Pond is a top-tier exploration property in this district, and TRU being the financial partner stands to benefit from any exploration upside and discovery.”

Geological Description

The Rolling Pond Property is located in a highly prospective area along the western edge of the Mt. Peyton Intrusive Suite in Central Newfoundland, and shares its southeast border with New Found Gold’s Queensway Project. (See Figure 1 below.)

The Rolling Pond Property is host to a large well-preserved and highly underexplored hydrothermal quartz vein system measuring up to 50 to 75 m wide (true width) and containing anomalous gold grades. The system has been intersected by drilling in six historical drill holes to a depth of 160 m over a 270 m strike length. The inventory of historical drill holes have been maintained in good condition. The main zone is known to be over 1.7 kilometres (km) long and remains open along its strike length as defined by field mapping and ground geophysics. (See Figure 2 below.) The system is thought to be analogous to the Fosterville Gold District based on similar host rocks, abundant vugs in the quartz veins and the presence of local boulangerite. New targets discovered in 2018 along strike to the southeast of this structure have been identified and delineated by soil geochemistry and geophysics during 2018, but have yet to be trenched or drill-tested. Most of the Rolling Pond Property remains largely unexplored.

Figure 1: Rolling Pond Property Claims Map

Figure 2: IP Chargeability Imagery for Main Zone of Rolling Pond Property

 

Terms of the Option Agreement

Share Issuance Cash Payments Exploration Funding Commitment Deadline
400,000 TRU Shares $25,000 Total of $500,000 on or before November
18, 2024, with a minimum of $100,000 on
or before November 18, 2021. The
Company has granted a right of first
refusal in favour of the Optionor and
associated companies in respect of
services to be provided in connection
with these exploration work commitments
subject to certain conditions
Upon signing the Option
Agreement (completed)
500,000 TRU Shares $50,000 On or before November 18, 2021
600,000 TRU Shares $50,000 On or before November 18, 2022
1,000,000 TRU Shares (maximum;
subject to adjustment in certain circumstances)
$100,000 On or before November 18, 2023
2,500,000 TRU Shares $225,000 $500,000

In order to acquire a 100% interest in the Rolling Pond Property, the Company must make the following cash payments, issue the following common shares in the capital of the Company (“TRU Shares”), and fund a total of $500,000 in exploration expenditures:

Upon exercise of the option, TRU will grant the Optionor a 2.0% net smelter returns royalty from any future mineral production at the Rolling Pond Property, of which 1.0% can be repurchased by the Company for $1,000,000 at any time.

TRU has optioned the Rolling Pond Property as a passive investment, and rather than operate the Rolling Pond Property directly, TRU intends to engage third party technical and exploration consultants to advance it and TRU’s other mineral property holdings so as to increase their monetization potential.

The transaction remains subject to regulatory approval by the TSX Venture Exchange.

Qualified Person and National Instrument 43-101 Disclosures

Dean Fraser, P.Geo. is a qualified person as defined by the Canadian Securities Administrators’ National Instrument 43-101, and has reviewed and approved the contents and technical disclosures in this press release. Mr. Fraser is a technical advisor to the Company and owns securities of the Company, and is the Optionor of the Rolling Pond Property.

About TRU Precious Metals Corp.

TRU seeks unique value-creation opportunities, and is currently assembling a portfolio of gold exploration properties in the Central Newfoundland Gold Belt. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TRU”.

TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization Canadian companies.

For further information, please contact:

Joel Freudman
Co-Founder, President & CEO
TRU Precious Metals Corp.
Phone: (647) 880-6414

Website: www.trupreciousmetals.com  

Julie Hajduk
President and CEO
Purple Crown Communications Corp.
Phone: (604) 609-6169
Email: julie@purplecrown.ca
Website: https://purplecrown.ca/

Cautionary Statements Regarding Forward-Looking Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information in this press release relating to New Found Gold, the Queensway Project and Fosterville Gold District are from sources believed to be reliable, but that have not been independently verified by TRU. The technical information herein relating to the Rolling Pond Property has been supplied by the Optionor and has not been independently verified by TRU.

This press release contains certain forward-looking statements, including those relating to acquiring, exploring, and monetizing the Rolling Pond Property and the Company’s other mineral exploration investments. These statements are based on numerous assumptions regarding the Rolling Pond Property and the Option Agreement that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Rolling Pond Property; the exploration or monetization potential of the Rolling Pond Property and the nature and style of mineralization at the Rolling Pond Property; challenges in identifying, structuring, and executing additional investments and acquisitions, on favourable terms or at all; risks inherent in mineral exploration activities and investments in the mineral exploration sector; volatility in financial markets, economic conditions, and precious metals prices; challenges in attracting and retaining qualified personnel; and those other risks described in the Company’s continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.

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