972m of 1.265 Gold Eq hole significantly expands 27.3m oz Gold Eq deposit in BC’s prolific Golden Triangle British Columbia’s Golden Triangle is one of the world’s hottest exploration and mining districts right now. This region boasts an incredible endowment of mineral riches combined with one of the world’s most mining-friendly and politically stable jurisdictions; an increasingly important factor of late. The project is called Treaty Creek and is part of the same large hydrothermal system as Seabridge Gold’s KSM deposit (the largest undeveloped gold project in the world by reserves) and Pretium’s Brucejack Mine (one of the highest-grade mines in the world). The deposit is called the Goldstorm, and it continues to be open in all directions and at depth. Remarkably, it’s only one of several potential mega-deposits on the property. A Sept 2nd JS Research report stated “with 27 million ounces of gold equivalent already delineated on the project, another sensational drill hole catapults this successful gold developer onto the buy radar of all top 25 gold producers…Treaty Creek is becoming an extremely rare takeover target.” The 2021 drill program has already significantly expanded the 19.4 million ounces of 0.74 g/t AuEq of Measured & Indicated mineral resources and 7.9 million ounces of 0.79 g/t AuEq of Inferred mineral resources at Goldstorm. The highlights of the first two 2021 press releases include: An exceptional extension of the 300 Horizon and CS600 to the northeast in hole GS21-113 that contains 972.0 meters (m) of 1.265 g/t AuEq including 456.0 m of 1.352 g/t AuEq in the 300 Horizon and 405.0 m of 1.439 g/t AuEq in CS-600. Mineralization of the 300 Horizon in GS-21-111 totals 613.5 m of 0.869 g/t AuEq, which included an enriched section of 120.0 m averaging 1.974 g/t AuEq within 351.0 m of 1.253 g/t AuEq. Very consistent, near-surface 300 Horizon intercepts such as drill hole GS-21-103 that intersected 801.0 meters of 0.704 g/t AuEq including a strong upper pulse of enrichment averaging 2.025 g/t AuEq over 75.0 meters or 168.0 meters of 1.391 AuEq. Strong, consistent mineralization in drill hole GS-21-112 which further extends DS-5 to the northwest with 219.0 m of 1.287 g/t AuEq including 79.5 m of 2.079 g/t AuEq or 156.0 m of 1.557 g/t AuEq. An impressive 474.0 meter interval in the DS-5 zone on drill hole GS-21-110 averaging 1.039 g/t AuEq, including 216.0 meters of 1.712 g/t AuEq and 130.5 meters with 2.389 g/t AuEq. Goldstorm Deposit remains open in all directions and at depth as drilling continues. While the Goldstorm contains deep roots of mineralization, it’s the first 300-400m from surface (300 zone) that is critical. The 300 zone is a gold enriched area with numerous significant intervals at 1.5 -3 times the average grade of the overall deposit, creating potential to shorten a Cap-X payback period. While current drilling is concentrating on moving the close to 8 million ounces AuEq of Inferred resources over to Measured & Indicated and expanding the overall size of the Goldstorm, it is only part of the comprehensive program utilizing up to six drills. The Perfect Storm Zone, located on Treaty Creek approximately 2.5Km SW of the Goldstorm, has the same type of geological and geophysical markers as the other deposits found in the Sulphurets Hydrothermal system, including the Seabridge KSM deposits. However, the geophysics is showing the potential for the Perfect Storm to be an even larger deposit than the Goldstorm. Drilling to test this target, along with the Eureka and NE Anomaly may take place this year after the primary objectives at the Goldstorm are met. Concerning Treaty Creek, last year billionaire metals investor Eric Sprott stated: “It certainly looks like they have 20 million ounces and they could easily get to 30 or 40 or 50 million ounces (of gold)” – Eric Sprott, July 24, 2020 – With an initial resource in March 2021 exceeding Eric’s expectations and tremendous expansion taking place in the early stages of the 2021 program, it’s not surprising that Conor O’Brien, portfolio manager at Sprott Mining, recently stated: “… there’s 30 million ounces, on its way to 50, sitting there in BC… it definitely remains a very attractive stock for us, and we’re very, very happy to be sticking with it.” – Conor O’Brien @ Sprott Mining, Aug 26, 2021 – These comments are only concerning the Goldstorm which is only one of several potential mega-deposts at Treaty Creek. As pointed out by Eric Sprott, this project is clearly in the Discovery Stage, where the biggest profits are made within the lifecycle of exploration and mining. Timing is everything in the metals industry, and right now Tudor Gold is currently undervalued compared to its pre-resource highs, considering the scale and potential of the project, and the $5.29 target price given them by Fundamental Research Corporation back in March 2021. There is a way to increase that leverage within this project even further as the former operator and JV partner, American Creek Resources, is currently trading at a discount to the value of their 20% fully carried interest. As the agreement implies, American Creek is getting a full ride on all costs until a Production Order is produced. Should the project be sold prior to that, American Creek would incur no exploration or advancement costs. American Creek’s and Tudor’s ounces are the exact same ounces in the ground. It’s only a question of ownership, and American Creek’s discovery cost at Treaty is $0/oz gold! At current market prices, investors could almost double their leverage with this play by taking a position in American Creek and benefitting as the project advances and Tudor’s value increases. With exceptional drill results already being reported on the project and gold historically strengthening in the fall, now is a strategic time to investigate what has the potential to become one of the world’s largest gold deposits in a politically stable jurisdiction with excellent logistics. Tudor Gold’s Vice President of Exploration and Project Development, Ken Konkin, has worked in the Golden Triangle for 30 years. In particular, he was the head geologist for Pretium while putting the Brucejack mine (just south of Treaty) into production in 2017. Konkin goes into detail on Treaty Creek and the 2021 program in this recent interview. Concerning his first two years of drilling and the massive initial resource calculation at Treaty Creek, he stated: “This is just the first chapter of a very good book!” With the first two rounds of 2021 drill results now in, it’s exciting to see that the second chapter is getting even better than the first. *Metal prices used were US$1,625/oz Au, US$19/oz Ag, US$2.80/lb Cu with process recoveries of 88% Au, 30% Ag and 80% Cu. A C$16.50/tonne process and C$2 G&A cost were used. Aproximatley 90 % of the AuEq is gold.

Sep 28, 2021

GRANADA GOLD CLOSES $1,350,000 FLOW-THROUGH AND UNIT PRIVATE PLACEMENT

September 27, 2021: Rouyn Noranda, QC – Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) announces that the Company has closed a non-brokered private placement by way of issuing 7,857,143 Quebec flow-through units (“QFT Units”) at a price of $0.14 per QFT Unit raising gross proceeds of $1,100,000. The Company will also be issuing 2,500,000 units (“Units”) at a price of $0.10 per Unit raising gross proceeds $250,000. The Company is raising a total of $1,350,000.

Each QFT Unit is comprised of one flow-through common share of the Company and one half of one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.20 per share, for a period of two years from closing, subject to TSX Venture Exchange (“Exchange”) approval.

Each Unit is comprised of one common share of the Company and one half of one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.15 per share, for a period of three years from closing, subject to Exchange approval.

The proceeds of the FT and Unit Private Placement will be used for surface exploration, trenching, and historical resampling of drill core on the Company’s Granada Gold Property in Québec and for general working capital purposes.

GloRes Securities Inc., the lead finder for the financing, was paid $94,500 in cash and 550,000 finder’s warrants. An additional 175,000 finder warrants were also paid. The finder’s warrants are on the same terms as the QFT warrants. The finder’s fees paid in connection with the private placement are subject to Exchange approval.

All securities issued in connection with the private placement will be subject to a four‐month and a day hold period expiring on January 28, 2022 in accordance with applicable Canadian Securities Laws.

About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop the Granada Gold Property near Rouyn-Noranda, Quebec. Approximately 120,000 meters of drilling has been completed to date on the property, focused mainly on the extended LONG Bars zone which trends 2 kilometers east-west over a potential 5.5 kilometers of mineralized structure. The highly prolific Cadillac Break, the source of more than 75 million plus ounces of gold production in the past century, cuts through the north part of the Granada property, but is not necessarily indicative of mineralization hosted on the company’s property.

The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold.

Updated Mineral Resource
The updated resource at the Company’s Granada Gold project in Rouyn-Noranda, Quebec was estimated by SGS Canada and outlined in a January 29, 2021 news release. The final report was filed March 15, 2021 with an Effective date of December 15, 2020. The 43-101 Technical Report is titled: Granada Gold Project Mineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and Maxime Dupéré, B.Sc, géo. Both of SGS Canada Inc.

Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the Underground Portion

Type	Category	Tonnes	Au (g/t)	Gold Ounces
In Pit	Measured¹	3,756,000	1.89	228,000
	Indicated	1,357,000	2.55	111,000
	Measured+Indicated	5,113,000	2.06	339,000
	Inferred	34,000	11.29	12,000
Underground	Measured	37,000	4.22	5,000
	Indicated	807,000	4.02	104,000
	Measured+Indicated	844,000	4.03	109,000
	Inferred	1,244,000	6.33	253,000

Cut-off grades are based on a gold price of US$1,600 per ounce, a foreign exchange rate of US$0.76 for CA$1, a gold recovery of 93%
Pit constrained mineral resources are reported at a cut-off grade of 0.9 g/t Au within a conceptual pit shell
Underground mineral resources are reported at a cut-off grade of 3.0 g/t Au within reasonably mineable volumes

The Company is in possession of all mining permits required to commence the initial mining phase, known as the “Rolling Start”, which allows the company to mine up to 550 tonnes per day. Additional information is available at www.granadagoldmine.com.

“Frank J. Basa”
Frank J. Basa P. Eng.
President and Chief Executive Officer

For further information, please contact:
Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144 or
Wayne Cheveldayoff, Corporate Communications, at 416-710-2410 or [email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

https://granadagoldmine.com/