Japan Gold - JGLDF STOCK NEWS

Japan Gold Corp. (JGLDF) has reported results from its initial drill program at the Barrick Alliance Togi Project in Japan. The program confirmed extensions of a concealed low-sulfidation gold system at the Akasaka target, extending 1 kilometer from known workings with an additional 2 kilometers of strike potential.

Two drill holes were completed in November 2024, targeting extensions of the Mori vein, which historically produced 16,500 oz of gold at 14 g/t Au. The holes, located 700 metres along strike and spaced 350 metres apart, intersected parallel alteration zones with gold-anomalous veins. Significant intercepts included values up to 0.3 ppm Au and 3.5 ppm Ag.

The Togi Project covers 3,990 hectares of the historic Togi Goldfield, which produced 48,000 oz of gold and 180,000 oz of silver between 1910-21. The program was fully funded by Barrick Gold through its alliance with Japan Gold.

Japan Gold Corp. (JGLDF) has appointed Cailey Barker to its Advisory Board. Barker brings over 30 years of mining and finance experience, most recently serving as Portfolio Manager and Head of Mining at BlackRock Investment Management. He joins existing advisor Paul Harbidge, who has extensive experience in mining exploration and notable achievements including leading GT Gold to a CDN$456 million acquisition by Newmont Mining.

The company granted 300,000 restricted share units to Barker, vesting over two years. Several advisors, including Mitsuhiko Yamada, John Carlile, Robert Gallagher, and Dr. Steve Garwin, have stepped down.

Additionally, Japan Gold has secured a $140,000 loan from a company director, due March 18, 2025, with a 12% annual interest rate. The company will issue 2 million non-transferrable share purchase warrants at $0.07 per share as consideration, subject to TSX Venture Exchange approval.

Japan Gold announces that company Director Dr. Keiko Hattori has been awarded the prestigious Duncan R. Derry Medal by the Mineral Deposits Division of the Geological Association of Canada. The award recognizes outstanding economic geologists who have made significant contributions to economic geology in Canada. Dr. Hattori's research spans volcanology, sedimentary geochemistry, and mantle petrology, with over 170 peer-reviewed publications. She has taught at the University of Ottawa since 1983 and is notably the first woman to receive a BSc in Geology from the University of Tokyo. The medal will be presented at the GAC-MAC meeting in Ottawa in May 2025.

Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF) announced that all resolutions were passed at its Annual General Meeting. The company will convert $2.9 million in convertible debentures into common shares, eliminating all outstanding debt. Shareholders approved Equinox Partners becoming a new Control Person, converting their US$2 million debenture plus interest into 22.3 million shares at $0.13 per share, increasing their ownership to 26.16%. The company also authorized 9.7 million restricted share units to directors and officers, approved the cancellation of 5.4 million stock options, and plans to issue 2.4 million RSUs to non-insiders.

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) has commenced drilling at the Togi Project, one of three priority projects advancing under the Barrick Alliance. The first of two 500-meter drill holes is targeting strike extensions of the Mori vein along the Mori Fault at the Akasaka target. The drilling aims to explore potential mineralized extensions supported by sinter scree and quartz vein boulders with gold grades up to 79.7 g/t.

CSAMT geophysics highlighted resistivity features potentially representing epithermal veins. The historic Mori vein produced 16,500 ounces of gold at an average grade of 14 g/t, with reports of mineralization open at depth. The company is working closely with Barrick Gold technical advisors on this inaugural drill campaign in the historic Togi goldfield on Japan's Noto Peninsula.

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) has completed a six-month review of its project portfolio, resulting in a strategic reduction from 35 to 26 projects in Japan. The review, led by President and COO Fraser MacCorquodale, aims to focus resources on priority exploration targets. The company has identified multiple gold exploration targets in the Kitami metallogenic province, Noto Peninsula, and Middle and Southern Kyushu epithermal gold provinces.

Japan Gold holds the largest prospective land package in Japan, covering areas of gold occurrences. The company is advancing three priority projects under the Barrick Alliance. CEO John Proust emphasized that Japan Gold's decade-long data collection efforts are now being leveraged to accelerate the discovery process, focusing on the best prospects in regions hosting past and existing mines, including the world-class Hishikari Mine.

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) announces that Barrick Gold Corp. will focus on Barrick Alliance exploration activities in Japan at the Togi, Hakuryu, and Ebino Projects. Drilling programs are set to begin in September. The Togi Project, covering the historic Togi goldfield, will see a 1,000-meter 2-hole drill program at the Akasaka target. The Hakuryu Project, covering part of Japan's third-largest gold mine, plans a 700-meter 4-hole program in Q4 2024. The Ebino Project, located in Japan's largest gold-producing district, has identified an extensive epithermal alteration system. These projects demonstrate potential for new discoveries in historic mining districts, leveraging Barrick's exploration expertise.

Japan Gold Corp. has announced the prioritization of its Mizobe, Ebino, Togi, and Hakuryu projects in Japan as part of the Barrick Alliance Second Evaluation Phase. These projects will undergo drilling. The Mizobe and Ebino projects are located in Japan's largest gold-producing region, the Hokusatsu Region, known for the Hishikari deposit. The Hakuryu Project is in the Konomai gold district, Japan's third-largest past-producing gold mine area. The Togi Project is centered on the historic Togi goldfield on Honshu Island. The two projects not proceeding under the Barrick Alliance will continue independently under Japan Gold's portfolio.

Japan Gold has appointed Dr. Keiko Hattori to its Board of Directors and Paul Harbidge to its Advisory Board. Dr. Hattori, a renowned geoscientist with extensive expertise in gold deposits, has been recognized with multiple awards, including the Kato Takeo Gold Medal and the Duncan R. Derry Medal. Her appointment is expected to enhance Japan Gold's mining exploration activities in Japan. Paul Harbidge, who has significantly contributed to the company's technical data and land acquisition, will continue to advise on technical matters. Additionally, Dr. Hattori has been granted 200,000 stock options, exercisable at $0.20 per share for five years.