VIVA GOLD CORP ORD - VAUCF STOCK NEWS

Viva Gold Corp. (TSXV:VAU, OTCQB:VAUCF) announced the retention of Renmark Financial Communications Inc. to enhance its marketing and investor relations. The partnership aims to increase the company's visibility in the financial community, particularly regarding its Tonopah Gold Project in Nevada, which the management believes is undervalued by investors. Starting September 1, 2021, Viva will pay up to $8,000 CAD monthly for a six-month period. Viva Gold holds a significant land position in a prolific mining region with promising gold resources.

Viva Gold Corp. has appointed Mr. Andrew Bolland to its Board of Directors, bringing extensive experience from Barrick Gold and Hatch LTD. Bolland's expertise in mining operations and processing is expected to enhance the strategic direction of Viva, particularly for the Tonopah Gold Project. The project covers roughly 10,500 acres with high-grade gold resources, positioned favorably near established mining sites in Nevada. His addition aims to guide the company through its upcoming feasibility study and permitting phases.

Viva Gold Corp. (OTCQB:VAUCF) has retained Kappes, Cassiday & Associates to optimize heap leach gold recovery at its Tonopah project in Nevada. The metallurgical test program, expected to last 3-4 months, aims to improve on the previous gold recovery estimate of 71%. Preliminary assays show an average gold recovery potential of 78% and silver at 42%. Additionally, the company has completed three holes in its 2021 RC drilling program, indicating geologically positive results. However, assay results could take up to 8 weeks due to lab backlogs.

Viva Gold Corp. (TSX.V:VAU, OTCQB:VAUCF) announced the staking of 69 additional unpatented lode mining claims at its Tonopah Gold Project in Nevada, expanding its total land position to 513 claims over approximately 10,500 acres. This move is expected to enhance the project's exploration potential and support feasibility study and permitting for an open-pit heap-leach mine. A new drilling operation will commence shortly, with ongoing environmental and technical studies aimed at advancing the feasibility study.

Viva Gold Corp. (TSX.V:VAU)(OTCQB:VAUCF) has expanded its Tonopah Gold Project in Nevada by staking an additional 69 unpatented lode mining claims, increasing its total land position to 513 claims or approximately 10,500 acres. No royalties are due on these claims. This expansion aims to enhance exploration potential along the northwest trend of gold mineralization and includes a mile of southern extension along the Rye Patch fault zone. A new drilling campaign is set to begin, supported by ongoing environmental and technical studies for a potential open-pit heap-leach mine feasibility study.

Viva Gold Corp. (TSX-V: VAU, OTCQB: VAUCF) announced a new drilling program at its Tonopah gold project in Nevada, consisting of four to six reverse circulation drill holes. This initiative follows the discovery of a new gold mineralization zone in drill-hole TG2004, which reported significant gold intercepts, including 4.9 meters at 1.0 g/t. The program aims to further explore the area's resource potential and includes ongoing technical studies to de-risk the project for future feasibility and permitting. The project is located on the prolific Walker Lane gold trend.

Viva Gold Corp. (TSX-V: VAU, OTCQB: VAUCF) announced the grant of 650,000 incentive stock options to its directors, officers, and consultants. The options have an exercise price of CDN $0.17 per share and are valid for three years. This compensation method is common for the company's Board of Directors. Viva Gold focuses on gold exploration and development, primarily in Nevada, holding the Tonopah Gold Project, which spans approximately 8,800 acres with significant gold resources.

Viva Gold Corp. announced amendments to its brokered private placement, now offering up to 19,047,619 units at $0.21 each, targeting $4 million in gross proceeds. This includes a Voting Restriction affecting Unit Shares and Warrant Shares at the upcoming Special Meeting on August 17, 2021, following a shareholder requisition. The deal's success hinges on TSXV requirements and the acceptance of the Voting Restriction by subscribers. CEO James Hesketh emphasized the importance of this financing for the Tonopah Project.

Viva Gold Corp. has called a special general meeting for shareholders on August 17, 2021, at 10 a.m. PT in Vancouver, BC, to address a requisition from a dissident shareholder group. This meeting aims to discuss the proposed control change without compensation to the majority shareholders, redirecting management's focus from ongoing financing and the Tonopah project. Following legal requirements, management will send a circular and proxy materials to shareholders. Viva holds 100% of the advanced Tonopah Gold Project, covering 8,800 acres with significant gold resources.