E2GOLD INC - ETUGF STOCK NEWS

E2Gold Inc. has appointed Dr. Mary-Louise Hill to lead its structural program at the Hawkins Gold Project. Dr. Hill, a professor with a PhD from Princeton, is recognized for her expertise in orogenic gold systems and has contributed to significant mines in northwestern Ontario. E2Gold's Chairman praised her experience with Newmont's gold mines. The company also announced the resignation of Mr. Bereket Berhe from the Board to focus on other business obligations, although he will remain an informal advisor. E2Gold's flagship property, the Hawkins Gold Project, has an inferred resource of 328,800 ounces of gold.

E2Gold Inc. (ETUGF) announced promising soil results from new exploration at Grid 3, indicating a potential expansion of the McKinnon Zone's strike length by 4 km. The findings support the viability of multiple new gold targets, including discoveries south of the McKinnon Zone trend. The McKinnon Zone currently hosts an Inferred Resource of 328,000 ounces of gold, and the company plans drilling in 2023 to further investigate these targets. The results suggest a correlation with pathfinder elements similar to the nearby Hemlo deposit, bolstering the area’s exploration potential.

E2Gold Inc. (OTCQB:ETUGF) announced the issuance of 923,332 common shares at a deemed price of $0.04 per share to directors, settling a debt of $36,933.28. CEO Dr. Eric Owens emphasized the board's engagement and support. Additionally, 400,000 stock options were granted to a director at $0.05, vesting immediately for three years. The issuance requires approval from the TSX Venture Exchange and is subject to a hold period of over four months. E2Gold focuses on gold exploration, particularly at its Hawkins Gold Project, boasting an inferred resource of 6.2 million tonnes grading 1.65 g/t Au.

E2Gold Inc. (OTCQB:ETUGF) announced promising results from its initial seven drill holes at the Band-Ore gold project, located 80 km west of Thunder Bay, Ontario. The drilling revealed high gold grades, including a notable 34 g/t over 0.5 m at the Main Zone and a broad interval of 56 m grading 0.53 g/t at the No. 4 Zone. CEO Eric Owens expressed optimism about the potential for further growth based on these findings, which confirm extensive gold distribution across the property. The historical resource estimates indicate significant past gold discoveries, highlighting the project's potential.

E2Gold Inc. (OTCQB:ETUGF) is advancing its exploration activities on gold and base metal targets across its Hawkins Gold Project in Ontario. The plans for 2023 include drilling in the Central Hawkins Corridor, focusing on the McKinnon Zone, where an inferred resource of 6.2 million tonnes at 1.65 g/t gold exists. The company aims to clarify structural controls affecting gold grades and identify mineable widths. The exploration also extends to other promising areas like Goldfields and Dubroy, with significant soil and IP surveys scheduled.