News Release
Daura Gold Corp. Continues Strategic Progress and Announces Shares-for-Debt Transaction and Engagement of Third-Party Investor Relations Services

February 19, 2025

Vancouver, British Columbia — (February 19th, 2025) – Daura Gold Corp. (formerly Daura Capital Corp.) (TSXV:DGC) (the “Company” or “Daura”) is pleased to provide an operational update on the progress of its planned exploration efforts for its mineral properties located in the Ancash region of Peru. In addition, the Company announces that it has entered into a debt settlement agreement to settle outstanding indebtedness owed to an arms-length third party, and has engaged the services of third party investor relations providers.  


Operational Update


During the challenging period of the Covid-19 shutdown, thanks to the unwavering support of our founding investors, the Company successfully maintained its key properties and kept open lines of communication with stakeholders within the communities. In this timeframe, Daura worked with Estrella to finalize payments on the flagship Antonella property, reinforcing the Company’s commitment to consolidating its presence within the district. Completing this acquisition came at a pivotal moment, as the district has since garnered increased attention from both junior and major mining companies.


Over the past few months, the team has been diligently engaged in updating the geological models and preparing for essential fieldwork in the coming months. Daura has prioritized establishing strong relationships with various stakeholders in the community, fostering dialogue with local companies within the district. Engaging with communities affected by the Company’s projects is a crucial next step that will pave the way for exploration activities on Daura’s properties. Daura has also engaged with the various other mining companies in the district who also plan on doing extensive work in the region. Please see figure 1 for land package and other major mining companies who are operating in the region. 


The Company’s technical team is set to initiate a comprehensive mapping and sampling campaign across its extensive 8,100-hectare land package. The program will commence with targeted areas around the Antonella site to follow up on the previous 2,461 meter drill campaign which delivered high grade intercepts, including:

  • CBD11007: 0.85m @ 8.73 g/t Au
  • CBD11004B: 1.2m @ 8.69 g/t Au
  • CBD11001: 0.20m @ 47.2 g/t Au


The primary goal of the initial fieldwork is to confirm drilling targets for the forthcoming exploration campaign. This initiative will also facilitate the preparation and submission of the Company’s drilling permit application. 


Daura remains committed to consolidating its position in the district and exploring growth opportunities in the region. The Company is dedicated to leveraging its local presence and established relationships while being mindful of the limited capital available. As such, the Company will prioritize, optimize, and deliver results that serve the best interests of its shareholders.


Luis Saenz, CEO of Daura, stated: “It is an exciting time to be in the district that hosts the well-known San Luis project, now in the hands of Highlander Silver. The entire region is of interest not only for the historical gold and silver production and prospectivity, but also indications of copper discoveries that have interested some of the majors to the area. Our small but dedicated team has worked for several years to put this package in place and maintain it, and we look forward to beginning work in earnest to create value for our shareholders. We look forward to providing news on our progress in various fronts in the coming weeks."


Figure 1. below represents Daura’s land package and the surrounding major mining companies who are also active in the region. 

Figure 1. below represents Daura’s land package and the surrounding major mining companies who are also active in the region.

Shares for Debt Settlement


Daura also announced today that it has entered into a debt settlement agreement to settle $101,200 in outstanding debt owed to an arms-length party through the issuance of an aggregate of 1,686,666 units of the Company (the “Units”) at a price of $0.06 per Unit (the “Debt Settlement”).


Each Unit to be issued consists of one common share of the Company and one common share purchase warrant (each a “Warrant”), with each Warrant being exercisable for one additional common share at a price of $0.10 per share for a period of two years from the date of issuance.


Closing of the Debt Settlement is subject to customary closing conditions, including the approval of the TSX Venture Exchange ("TSXV"). The securities to be issued pursuant to the Debt Settlement will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSXV policies.


Engagement of Third-Party Investor Relations Service Providers


Daura has engaged the services of ImpactDeck, a leading investor relations firm specialising in resource companies. ImpactDeck will assist Daura in increasing its visibility within the investment community and enhancing engagement with key investors. 


In consideration of the services to be provided, Daura will pay ImpactDeck cash consideration of $20,000 for an initial six-month term, starting February 1, 2025 and ending on July 31, 2025, with the option to continue on a month-to-month basis at a fee of $4,000 per month thereafter. ImpactDeck is a leading investor relations consultant lead by James McFarland and based in Montreal, Quebec. ImpactDeck does not directly or indirectly have an interest in the securities of the Company.


Daura has also engaged the services of Morgan Knowles as an independent contractor for investor relations for a six-month period at fee of $5,000 per month, starting February 1, 2025, the first four months of which will be paid upfront. In addition, subject to the policies of the TSXV, the Company has agreed to grant Ms. Knowles 150,000 options under the Company’s stock option plan at the same exercise price and on the same terms as will be set by the Company for the next grant of options to be made by the Company. Ms. Knowles is an arms-length service provider to the Company based in Toronto, Ontario. With the exception of the aforementioned options, Ms. Knowles does not directly or indirectly have an interest in the securities of the Company. 


Qualified Person

All scientific and technical information contained in this news release has been reviewed, verified and approved by Owen D. W. Miller, Ph.D. FAusIMM(CP), a qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Miller acts as an independent third party consultant of the Company.

 

About Daura Gold Corp.

Listed on the TSX Venture Exchange, Daura Gold Corp is advancing high-impact exploration projects in Peru’s renowned Ancash region. Daura Gold owns a 100% undivided interest in over 8,100 hectares of exploration concessions in Ancash, including the 900-hectare Antonella target, which is the primary focus of Daura Gold’s current exploration efforts. 

For further information please contact:


Daura Gold Corp.

543 Granville, Suite 501

Vancouver BC V6C 1X8

William T.P. Tsang CFO and Secretary

(604) 669-0660

btsang@seabordservices.com



Cautionary Statement Regarding Forward Looking Information:


Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Daura cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Daura's control. Such factors include, among other things: future prices and the supply of gold and other precious and other metals; future demand for gold and other valuable metals; inability to raise the money necessary to incur the expenditures required to retain and advance the property; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; risks of the mineral exploration industry; delays in obtaining governmental approvals; adverse weather conditions and failure to obtain necessary regulatory or shareholder approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Daura disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


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.

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Other Recent Daura Gold News Releases.

Daura Gold Corp. Issues Correction to News Release Announcing Shares for Debt Transaction

February 21, 2025
Vancouver, British Columbia — (February 21, 2025) – Daura Gold Corp. (formerly Daura Capital Corp.) (TSXV:DGC) (the “ Company ” or “ Daura ”) is announcing a correction to its news release regarding the settlement of outstanding indebtedness for securities of the Company. The Company’s news release dated February 19, 2025 incorrectly stated the unit price and warrant exercise price for the units issued in settlement of $101,200 in outstanding indebtedness owed to an arms-length third party. Pursuant to the polices of the TSX Venture Exchange (the “TSXV”), in settlement of the indebtedness, the Company will issue an aggregate of 1,124,444 units (each a “Unit”) at a price of $0.09 per Unit. Each Unit will consist of one common share of the Company and one warrant exercisable at a price of $0.115 per share for a period of two years from the date of issuance. Closing remains subject to the approval of the TSX Venture Exchange. The securities to be issued pursuant to the Debt Settlement will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSXV policies.

Daura Gold Corp. Announces Closing of Qualifying Transaction

January 21, 2025
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Daura Capital Corp. Announces TSXV Conditional Acceptance and Filing of Filing Statement for Qualifying Transaction

December 23, 2024
Vancouver, British Columbia — (December 23, 2024) – Daura Capital Corp. (TSXV:DUR.P) (the “Company” or “Daura”), a capital pool company, announced that it has received conditional acceptance from the TSX Venture Exchange (the “TSXV”) for the closing of its proposed acquisition of Estrella Gold S.A.C. (“Estrella”), which transaction is intended to constitute Daura’s Qualifying Transaction (within the meaning of Policy 2.4 – Capital Pool Companies of the TSXV). Daura has filed a filing statement dated effective December 19, 2024 (the “Filing Statement”), including a 43-101 Technical Report on Estrella’s Cochabamba Project with the TSXV and under Daura’s profile on SEDAR+ at www.sedarplus.ca, which describes the Qualifying Transaction. In addition, Daura announced that it has increased the minimum amount of its previously announced concurrent financing (the “Concurrent Financing”) to be completed in connection with its proposed qualifying transaction (the "Qualifying Transaction") to acquire Estrella Gold S.A.C. (“Estrella”). Daura is also providing updated financial information for Estrella. As previously announced, Daura has entered into a definitive agreement to acquire all of the outstanding shares of Estrella from its shareholders (the "Estrella Shareholders") in consideration for 7,000,000 common shares of Daura. For additional information regarding the Qualifying Transaction, please refer to Daura’s news releases dated July 16, 2024, and July 23, 2024. Increase in Minimum Amount of Concurrent Financing The Company has increased the minimum amount of the Concurrent Financing in order to increase the funds available to the Company upon completion of the Qualifying Transaction. Under the Concurrent Financing, the Company intends to issue a minimum of 20,333,334 units (each a “Unit”) and a maximum of up to 25,000,000 Units at a price of $0.06 per Unit for gross proceeds of between $1,250,000 and $1,500,000. Each Unit will consist of one Daura Share and one (full) share purchase warrant (each a “Warrant”), with each whole Warrant entitling the holder to purchase one additional Daura Share at a price of $0.10 per share for a period of two years from the date of issuance. Net proceeds from the Concurrent Financing will be used to fund exploration of the Estrella project portfolio, expenses related to the Qualifying Transaction, and for general working capital purposes. Subject to the approval of the TSXV, Daura may pay eligible finders a fee equal to 7% of the Concurrent Financing in cash, and 7% in share purchase warrants under the QT Financing. All securities issued under the Concurrent Financing will be subject to hold periods expiring four months and one day after the date of issuance. Additional restrictions may apply under the rules of the TSXV and applicable securities laws. This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation, or sale would be unlawful, including the United States of America. The securities being offered as part of the Concurrent Financing have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to available exemptions therefrom. Closing of the Concurrent Financing remains subject to final acceptance by the TSXV. Updated Financial Information for Estrella In addition to the information previously provided in the Company’s news release of July 23, 2024, the Company is providing updated financial information regarding the financial condition and results of operation for Estrella. The following is derived from Estrella’s financial statements for the years ended December 31, 2023 (audited) and 2022 (unaudited) and the interim periods ended September 30, 2024. The following information should be read in conjunction with Estrella’s audited and unaudited financial statements for the periods presented, which financial statements will be included in the filing statement to be filed by Daura on SEDAR in connection with the Qualifying Transaction.
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