TORONTO, Jan. 9, 2023
/CNW/ - Superior Gold Inc. ("Superior Gold" or the
"Company") (TSXV: SGI) (OTCQX: SUPGF) is aware that
Catalyst Metals Ltd. ("Catalyst") (ASX: CYL) has today
issued an announcement which states, among other things, that it is
in ongoing commercial discussions with Superior Gold.
Superior Gold confirms that it is currently engaged in ongoing
talks with Catalyst in respect of a potential transaction, the
terms of which are still under discussion. No agreement has been
reached and there can be no assurance that any transaction will
result from these discussions, and even if a transaction is agreed
upon, there can be no assurances as to its terms, structure or
timing.
The Company does not intend to make any additional comments
regarding these discussions or any potential transaction unless and
until a formal agreement has been reached or Superior Gold's board
of directors has approved a definitive course of action.
About Superior Gold
Superior Gold is a Canadian based gold producer that owns 100%
of the Plutonic Gold Operations located in Western Australia. The Plutonic Gold
Operations include the Plutonic Gold mine and central mill, the
Hermes open pit gold project and an interest in the Bryah Basin
joint venture. Superior Gold is focused on expanding production at
the Plutonic Gold Operations and building an intermediate gold
producer with superior returns for shareholders.
Forward Looking
Information
This press release contains "forward-looking information" within
the meaning of applicable securities laws that is intended to be
covered by the safe harbours created by those laws.
"Forward-looking information" includes statements that use
forward-looking terminology such as "may", "will", "expect",
"anticipate", "believe", "continue", "potential" or the negative
thereof or other variations thereof or comparable terminology.
Forward-looking information include estimates, plans,
expectations, opinions, projections, targets, guidance or other
statements that are not statements of fact. The forward-looking
information contained in this press release are based upon the
Company's current internal expectations, estimates, projections,
assumptions and beliefs and views of future events which management
believes to be reasonable in the circumstances. Forward-looking
information is subject to known and unknown risks and
uncertainties, including risks and uncertainties which could cause
actual events or results to differ materially from those described
in any forward-looking information. Any forward-looking information
contained herein speaks only as of the date on which it is given
and, except as required by law, Superior Gold does not undertake
any obligation to update or revise any forward-looking information,
whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
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SOURCE Superior Gold
