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or Name
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CA



Lupaka Gold Corp
Symbol LPK
Shares Issued 122,009,860
Close 2018-10-24 C$ 0.175
Market Cap C$ 21,351,726
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Lupaka Gold suffers blockade at Invicta project

2018-10-25 17:17 ET - News Release

Mr. Will Ansley reports

INVICTA PROJECT IMPACTED BY ILLEGAL DEMONSTRATION

Lupaka Gold Corp.'s operations at the Invicta gold development project have been impacted by an illegal demonstration by a group of community members from the nearby community of Paran. The demonstrators have blockaded the access road directly outside of the main gate at Invicta, restricting access to site. All mine employees have been safely relocated pending the outcome of this situation.

The company has complied with its contractual obligations and has a productive and positive relationship with the communities of Lacsanga and Santo Domingo, which are directly impacted by Invicta, and for which community agreements are in place. The company does not have a community agreement with the Paran community, as Invicta and the main access road are not on Paran lands. The demonstration is taking place on the legally registered lands of the Lacsanga community and has restricted its ability to provide support services to Invicta.

On Oct. 24, 2018, Invicta representatives held a meeting with representatives of the demonstrators and the Peruvian Ministry of Energy and Mines. The demonstrators agreed that in exchange for the holding of the meeting, they would abandon the blockade. Unfortunately, the demonstrators have failed to honour this agreement. The company continues to engage with the authorities, including the federal and regional police, the Peruvian Ministry of Energy and Mines, and with the demonstrators to enforce its rights to regain use of the access road. As mine development is substantially complete, and sufficient material has been broken and prepared for transportation, mining and development activities have not been significantly impacted. The transportation of material for toll processing has been suspended until the blockade has concluded. The company currently has approximately 15,000 tonnes of broken mineralized material at Invicta awaiting transportation for processing, and approximately 3,000 tonnes of mineralized material at two toll milling facilities awaiting processing. Technical work at Invicta continues from a fully equipped remote office located approximately one kilometre from site, within the Lacsanga community.

"We have taken steps to build positive relationships with Invicta's local communities and will continue to prioritize and be respectful of the communities in which we operate. Although we are disappointed with the illegal action of this small group of protesters, we continue to engage with them as well as the authorities to reach a quick and amicable conclusion. We will continue to provide updates on the impact of this illegal blockade," said Will Ansley, president and chief executive officer of Lupaka.

About Lupaka Gold Corp.

Lupaka is an active Canadian-based company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of Peru.

We seek Safe Harbor.

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