Labrador Gold Announces Start of Trading on OTCQX Under the Ticker NKOSF

TORONTO, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that its common shares have been accepted for trading on the OTCQX, a U.S. stock market that is based in New York City and operated by OTC Markets Group. The shares will trade on OTCQX under the ticker symbol NKOSF and commenced trading today, August 26, 2020.

“We are very pleased to begin trading on OTCQX and to continue our outreach into the U.S,” said Roger Moss, President and CEO of the Company. “It will expand a new market and is part of LabGold’s ongoing effort to increase awareness of the value of its flagship Kingsway gold project and increase liquidity in the trading of its shares. The Company is fully funded for an aggressive exploration program that recently commenced on our Kingsway Project in the Gander Gold District of Newfoundland. We look forward to providing the market with frequent updates as we rapidly advance the project to the drill stage this fall.”

The Kingsway gold project covers 77 square kilometres of highly prospective ground in the Gander gold district of Newfoundland in Eastern Canada. The project is located immediately adjacent to New Found Gold’s Queensway project and just 4.5 kilometres along strike to the northeast of their recent discovery of 92.86 g/t gold over 19 metres. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). Most importantly, the project covers 16 kilometres of strike length of the Appleton Fault zone which is associated with the recent discovery as well as other gold occurrences in the district. As such, LabGold is the only company in the district, other than New Found Gold, with ground covering this major crustal structure with a demonstrated association with gold mineralization.

Prior gold exploration in the area covered by the Kingsway project has shown significant gold anomalies along the Appleton fault zone suggesting it remains a fertile structure for associated gold. The Company has compiled an extensive geochemical database that will allow it to efficiently target areas of potential gold mineralization for follow up during its summer work program.

The Company has received approval for its exploration program which will consist of a large soil sampling program of 10,000 samples and a ground magnetic-VLF-EM survey covering all three licenses comprising the Kingsway Project. Results of the surveys, combined with geological mapping, will be used to delineate targets for a fall drill program. See news release dated July 27, 2020 for further details of the planned exploration program.