Galane Gold Releases Financial and Operating Results for Q3 2020 - Seite 2

On September 28, 2020, the Government of Botswana voted to extend the Covid-19 state of emergency to March 31, 2021. At the Mupane site, the Company continues to follow the health guidelines issued by the Government of Botswana and travel permits are required to travel outside of the Francistown area. This means production has also been restricted to comply with these requirements but the Company has had no positive cases in its workforce at Mupane. As of November 9, 2020 Botswana, opened up its borders to international travel and this has allowed the Company to bring additional skills into the country to assist local management.

About Galane Gold

Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa. Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQB under the symbol “GGGOF”. Galane Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Notes

¹ The all in sustaining cost per ounce at Galaxy Gold Mine is supported by a technical report entitled “NI 43-101 Technical Report of Galaxy Gold Mine, South Africa” which was issued July 3, 2020, with an effective date of June 29, 2020, a copy of which is available under the Company’s profile on www.sedar.com.
² The all in sustaining cost per ounce at Galaxy Gold Mine is supported by a technical report entitled “A Technical Report on the Galaxy Gold Mine, Mpumalanga Province, South Africa” which was issued January 4, 2016, with an effective date of September 1, 2015, a copy of which is available under the Company’s profile on www.sedar.com.

Cautionary Notes

Certain statements contained in this press release constitute “forward-looking statements”. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company’s future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.