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Ophir Gold Corp. Announces Proposed Name Change to Ophir Metals Corp.

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Ophir Gold Corp. (TSXV: OPHR, OTCQB: OPHRF, FSE: 80M) has announced a proposed name change to Ophir Metals Corp., reflecting its diversified metals portfolio. The stock symbol 'OPHR' on the TSX Venture Exchange will remain unchanged. The name change, approved by the company's directors on May 28, 2024, is pending approval from the TSX Venture Exchange and relevant regulatory authorities. Shareholders do not need to take any action, as current share certificates will remain valid. Further updates on the effective date will be provided by the company.

Positive
  • Proposed name change reflects the company's diversified metals portfolio.
  • Directors approved the name change on May 28, 2024, showing internal agreement.
  • No action required from shareholders, meaning a smooth transition.
  • Share certificates remain valid, avoiding administrative hassle.
Negative
  • The name change is subject to approval from the TSX Venture Exchange and regulatory authorities, adding a layer of uncertainty.

Toronto, Ontario--(Newsfile Corp. - June 7, 2024) - Ophir Gold Corp. (TSXV: OPHR) (OTCQB: OPHRF) (FSE: 80M) ("Ophir" or the "Company") announces it intends to file a Notice of Alternation to change its name to "Ophir Metals Corp." (the "Name Change"). The stock symbol on the TSX Venture Exchange (the "TSXV") will not be changed and will remain trading under "OPHR". The new name will more accurately reflect the Company's diversified metals portfolio, primarily in lithium at its James Bay, Quebec projects and gold and silver at the Breccia Gold Project in Idaho.

The Name Change was approved by the directors of the Company on May 28, 2024. The Name Change is subject to the approval of the TSX Venture Exchange and applicable securities regulatory authorities.

No action will be required by existing shareholders with respect to the name change. Certificates representing common shares of the Company will not be affected by the name change and will not need to be exchanged. The Company encourages any shareholder with any questions or concerns to contact the Company or to discuss any of the foregoing with their broker or agent. The Company will provide a further update regarding the effective date of the Name Change.

About the Company

Ophir is a diversified mineral exploration company focused on the exploration and development of the Radis and Pilipas Lithium Properties in James Bay, Quebec, and the past-producing Breccia gold property located in Lemhi County, Idaho.

Ophir holds an option to earn a 100-per-cent interest in the Radis property over a three-year period from Eastmain Resources Inc., a wholly owned subsidiary of Fury Gold Mines Ltd., an option to earn a 70% interest in the Pilipas property over a three-year period from Azimut Exploration Inc. and an option to earn a 100-per-cent interest in the Breccia property from DG Resource Management Ltd.

On behalf of the Board of Directors

"Shawn Westcott"
Ophir Gold Corp.

For further information, please contact:

Shawn Westcott, CEO
Phone 1 (604) 365 6681
swestcott@ophirgoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note

This news release contains forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211973

FAQ

What is the new name for Ophir Gold Corp.?

The new name will be Ophir Metals Corp.

When was the name change approved by Ophir Gold Corp. directors?

The name change was approved by the directors on May 28, 2024.

Will the stock symbol for Ophir Gold Corp. change after the name change?

No, the stock symbol 'OPHR' will remain unchanged.

Do Ophir Gold Corp. shareholders need to take any action due to the name change?

No action is required from shareholders as the share certificates will remain valid.

What metals are included in Ophir Gold Corp.'s diversified portfolio?

The portfolio includes lithium at James Bay, Quebec projects, and gold and silver at the Breccia Gold Project in Idaho.

OPHIR METALS CORP

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