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Arbor Metals increases interest in Rakounga Gold Project

March 16, 2020 – Vancouver, British Columbia – Arbor Metals Corp. (the “Company”) (TSXV:ABR) announces that its wholly-owned subsidiary, Kruger Gold Corp. (“Kruger”), has reached an agreement to expand the scope of its existing right to acquire a seventy-five percent interest in and to the Rakounga Gold Project (the “Project”), located in Burkina Faso, West Africa.

Under the revised terms, Kruger now was the right to acquire up to a one-hundred percent interest in and to the Project, subject only to pre-existing royalty obligations. Kruger has control over operations conducted on the Project, and can acquire a ninety-percent interest in the Project by completing a series of cash payments totaling $1,000,000, and incurring exploration expenditures of at least $1,250,000 in the development of the Project over a five-year term. Following completion of these payments and expenditures, Kruger can acquire the remaining ten-percent interest in the Project by completing a one-time cash payment of $1,000,000.


The Project is subject to a one-percent net smelter returns royalty in favour of an underlying owner, as well as a further one-percent royalty in favour of Sandstorm Gold Ltd. Following acquisition of the Project, Kruger would assume responsibility for these existing royalty obligations.


The Company continues to explore further opportunities for strategic acquisitions in the exploration-stage mineral sector. At this time, the Company does not intend to devote the majority of its resources to the development of the Project in the next twelve months, nor does it expect the Project to represent the majority of its assets going forward.

For further information, contact Mark Ferguson, Chief Executive Officer, at

info@arbormetalscorp.com, or visit the Company’s website at www.arbormetalscorp.com.

On behalf of the Board,

Arbor Metals Corp.

Mark Ferguson, Chief Executive Officer

Neither the 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 news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to a review of potential strategic acquisition opportunities, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


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