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Mining Inventory Information – Spanish Mountain Gold (TSXV: SPA) Chosen as Panelist for First Nations Engagement at PDAC and Experiences One other EA Milestone

Vancouver, British Columbia – January 19, 2023 (Newsfile Corp.) (Investorideas.com Newswire) Spanish Mountain Gold Ltd. (TSXV: SPA) (the “Firm”) is happy to announce that it, in partnership with Xatśūll First Nation and the BC Environmental Evaluation Workplace, has been chosen by Prospectors & Builders Affiliation of Canada (PDAC) to share its expertise with successes, challenges and alternatives associated to First Nations engagement and the Environmental Evaluation course of for its Spanish Mountain gold challenge (the “Venture”) positioned in British Columbia.

The panel dialogue will happen at PDAC’s annual Mineral Exploration & Mining Conference (March 5 to eight, 2023 in Toronto, Ontario). The panelists will embrace Mike Stinson, Councillor and Mining Coordinator from Xatśūll First Nation, Katherine St. James, Venture Evaluation Director at BC Environmental Evaluation Workplace (BCEAO) and Doug Ramsey, Director of Sustainability & Indigenous Affairs at Spanish Mountain Gold. The Firm’s administration group together with Larry Yau, CEO and Ray Mah, Venture Director, may even attend the panel session and the conference to share their expertise with mining colleagues, traders and different stakeholders about constructing a long-term constructive and collaborative relationship with the First Nations communities in addition to the implementation of the brand new BC Environmental Evaluation Act. Further details about the session will be discovered at: https://www.pdac.ca/conference/programming/indigenous-program/classes/indigenous-program/xatpercentc5percent9bpercentc5percentabll-first-nation-and-spanish-mountain-gold—reflections-on-early-engagement-negotiations-and-bc-s-new-environmental-assessment-act

Replace on the Venture’s Environmental Evaluation Course of

The Venture is positioned within the asserted conventional territory of the Xatśūll First Nation, Williams Lake First Nation and Lhtako Dené Nation. The Firm is actively advancing the environmental evaluation course of for the Venture and achieved one other milestone in December 2022 when it filed the draft Detailed Venture Description (DPD). The DPD initiated the Readiness Resolution Section of the BC Environmental Evaluation (EA) course of. Throughout this section, the draft DPD is reviewed by the Technical Advisory Committee, Taking part Indigenous Nations, and federal authorities, resulting in preparation of the ultimate DPD on which the readiness determination shall be primarily based. The BCEAO additionally consults with the Taking part Indigenous Nations to hunt consensus relating to the ultimate DPD. Different actions through the Readiness Resolution Section embrace the submission and evaluate of the draft Software Info Necessities (AIR), which can kind the idea for the following EA Software, and growth of the draft Regulatory Coordination Plan and draft Evaluation Plan.

The first final result of the Readiness Resolution Stage is the issuance of a Readiness Resolution by the Chief Govt Evaluation Officer. Based mostly on the schedule set out by the BCEAO, this determination is predicted in mid to late April 2023. The federal Minister of Surroundings and Local weather Change will subject a choice on the request for substitution of the federal Affect Evaluation course of with the BC Environmental Evaluation course of following issuance of the Readiness Resolution by the BCEAO. If the request is granted, it should streamline the Venture’s total EA necessities because the documentation and submitting course of for the federal and provincial businesses shall be harmonized.

About Spanish Mountain Gold

Spanish Mountain Gold Ltd. is targeted on advancing its 100%-owned Spanish Mountain gold challenge in southern central British Columbia. The Firm is concurrently pursuing the twin targets of delivering essential challenge milestones for the multi-million ounce Mineral Reserve and additional increasing the general Mineral Useful resource. The Pre-Feasibility Examine (2021) demonstrates the Venture’s potential to be a mining operation with a sturdy manufacturing profile (>150,000 oz per yr) and profitability (AISC $801 per oz) over a mine lifetime of 14 years. Particulars on the Venture and the Firm can be found on www.sedar.com and on the Firm’s web site: www.spanishmountaingold.com

On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.

Larry Yau
Chief Govt Officer

Inquiries:

Spanish Mountain Gold Ltd.

Cellphone: (604) 601-3651
E-mail: information@spanishmountaingold.com
Web site: www.spanishmountaingold.com

FORWARD-LOOKING STATEMENTS: Sure of the statements and data on this press launch represent “forward-looking statements” or “forward-looking data” Any statements or data that categorical or contain discussions with respect to predictions, expectations, beliefs, plans, projections, targets, assumptions or future occasions or efficiency (usually, however not at all times, utilizing phrases or phrases similar to “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “targets”, “forecasts”, “targets”, “potential” or variations thereof or stating that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “will” be taken, happen or be achieved, or the unfavorable of any of those phrases and related expressions) are usually not statements of historic reality and could also be forward-looking statements or data.

The Firm’s forward-looking statements and data are primarily based on the assumptions, beliefs, expectations and opinions of administration as of the date of this press launch, and apart from as required by relevant securities legal guidelines, the Firm doesn’t assume any obligation to replace forward-looking statements and data if circumstances or administration’s assumptions, beliefs, expectations or opinions ought to change, or modifications in every other occasions affecting such statements or data. For the explanations set forth above, traders mustn’t place undue reliance on forward-looking statements and data.

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