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Gold Port Corp
Symbol GPO
Shares Issued 48,630,359
Close 2025-10-30 C$ 0.135
Market Cap C$ 6,565,098
Recent Sedar Documents

Gold Port increases private placement to $1.5-million

2025-10-31 11:32 ET - News Release

Mr. Adrian Hobkirk reports

GOLD PORT INCREASES ITS NON-BROKERED PRIVATE PLACEMENT

Further to its news release of Oct. 27, 2025, and due to high demand, Gold Port Corp. has increased its non-brokered private placement to up to 20 million units at 7.5 cents per unit for gross proceeds of up to $1.5-million. Each unit will comprise one common share in the capital of the company and one transferable common share purchase warrant with each warrant entitling the holder to purchase one additional share of the company at an exercise price of 10 cents per warrant share for a period of three years from the closing of the private placement.

The company may pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. The private placement is subject to approval of the CSE, and all securities issued under the private placement will be subject to a company hold period expiring 12 months from the date of closing of the private placement.

Proceeds from the private placement will be directed toward advancing the company's 100-per-cent-owned Groete gold-copper project in Guyana, South America. The Groete project currently hosts a National Instrument 43-101 inferred resource of 1.57 million gold equivalent ounces (gold plus copper) within 74 million tonnes at a grade of 0.66 gram per tonne gold-copper equivalent. A cut-off grade of 0.25 gold equivalent gram per tonne, a gold price of $1,275 (U.S.) per ounce and a copper price of $3 (U.S.) per pound were used in the calculation of the inferred mineral resource. The resource was calculated in 2012 and offers the potential for significant expansion.

Gold Port remains focused on unlocking the full potential of the Groete gold-copper project and creating long-term value for shareholders through resource growth from responsible exploration.

About Gold Port Corp.

Gold Port is focused on the further exploration and development of the 100-per-cent-owned Groete gold-copper project, located in Guyana, South America. The current focus of the company is to enhance the NI 43-101 inferred gold-copper resource defined at the project to a higher resource classification and to potentially expand the total mineral inventory. The project was last explored in 2012, which included a drill program that allowed the calculation of an inferred mineral resource of 1.57 million gold equivalent ounces (gold plus copper) within 74 million tonnes at a grade of 0.66 gram per tonne gold-copper equivalent. A cut-off grade of 0.25 gold equivalent gram per tonne, a gold price of $1,275 (U.S.) per ounce and a copper price of $3 (U.S.) per pound were used in the calculation of the inferred mineral resource. Details of the mineral resource are contained in an NI 43-101 report titled "Technical Report and Updated Mineral Resource Estimate on the Groete Gold Copper Deposit, Groete Property, Guyana, South America" by P&E Mining Consultants Inc., dated April 16, 2019, available on SEDAR+ and the company's website.

William Feyerabend, CPG, a consulting geologist and qualified person under NI 43-101 and a director of the company, participated in the writing of this press release and approves the scientific and technical content.

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