Fosterville South Upgrades to the OTCQX

Rhea-AI Summary

Fosterville South Exploration Ltd. (TSXV: FSX) (OTCQX: FSXLF) has announced its trading initiation on the OTCQX Best Market, enhancing accessibility for U.S. investors. This market is designed for established, investor-focused companies that meet specific financial and governance standards. The CEO stated that this upgrade provides U.S. investors with better tools for evaluating and trading the company's securities. Fosterville South focuses on high-grade gold projects in Victoria, Australia, having acquired significant tenements with historical gold production potential.

Positive

• Company upgraded to OTCQX, improving trading accessibility for U.S. investors.
• Enhanced evaluation tools for U.S. investors to analyze and trade FSXLF shares.
• Fosterville South controls high-grade gold projects in Victoria, Australia.

Negative

• Limited operating history could pose risks to future performance.
• Exploration and development activities face uncertainties and regulatory compliance challenges.

VANCOUVER, BC, July 14, 2021 /PRNewswire/ - Fosterville South Exploration Ltd. ("Fosterville South") or (the "Company") (TSXV: FSX) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce the initiation of trading on the OTCQX. The OTCQX Best Market provides value and convenience to U.S. investors, brokers and institutions seeking to trade Fosterville South shares under the ticker symbol FSXLF. The OTCQX Best Market is OTC Markets Group's premier market for established, investor-focused U.S. and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.

U.S. investors can find current financial disclosure and Real-Time quotes for the company on www.otcmarkets.com/stock/FSXLF/quote.

"We are pleased to reach the milestone of advancing to the OTCQX, which gives US-based investors enhanced tools to analyze, value and trade our securities" said Bryan Slusarchuk, CEO of Fosterville South Exploration Ltd.

About Fosterville South Exploration Ltd.

Fosterville South began with two, 100% owned, high-grade gold projects called the Lauriston and Golden Mountain Projects, and has since acquired a large area of granted and application tenements containing further epizonal (low-temperature) high-grade gold mineralisation called the Providence Project and a large group of recently consolidated license tenement applications called the Walhalla Belt Project, which contain a variety of epizonal and intrusion related style gold mineralisation, all in the state of Victoria, Australia. The Fosterville South land package, assembled over a multi-year period, notably includes a 600 sq. km property immediately to the south of and within the same geological framework that hosts Kirkland Lake Gold's Fosterville epizonal gold tenements. Additionally, Fosterville South has gold-focused projects called the Moormbool and Beechworth, which are also located in the state of Victoria, Australia. Moormbool project has epizonal style gold mineralisation and Beechworth has mesozonal and intrusion relation gold mineralisation.

All of Fosterville South's properties, with the possible exception of Moormbool, have had historical gold production from hard rock sources despite limited modern exploration and drilling.

On behalf of the Company
Bryan Slusarchuk
Chief Executive Officer

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fosterville South cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Fosterville South's limited operating history, its exploration and development activities on the Lauriston, Golden Mountain and Beechworth Properties and the need to comply with environmental and governmental regulations.  Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fosterville South does not undertake to publicly update or revise forward-looking information.

Neither 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 Fosterville South Exploration Ltd.

FAQ

What does Fosterville South's listing on OTCQX mean for investors?

Fosterville South's listing on OTCQX provides easier access and better evaluation tools for U.S. investors trading under the ticker FSXLF.

What projects does Fosterville South Exploration focus on?

Fosterville South focuses on high-grade gold projects, including Lauriston, Golden Mountain, Providence, Walhalla Belt, Moormbool, and Beechworth.

When did Fosterville South start trading on OTCQX?

Fosterville South officially announced its commencement of trading on the OTCQX on July 14, 2021.

What is the significance of OTCQX for Fosterville South (FSXLF)?

The OTCQX Best Market enhances credibility and visibility for Fosterville South, allowing for better capital access and investor engagement.