Radisson Provides Year-End Review and Sets Stage for Promising 2024

ROUYN-NORANDA, Quebec, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” or the “Company") proudly reflects upon a remarkable year of accomplishments and looks ahead to an even more successful and prosperous 2024.

Key 2023 Highlights

• Published updated NI 43-101 Mineral Resource Estimate, doubling the size of the resource while increasing the peer-leading grade.
• Completed two successful capital raises positioning the Company with approximately $8.5M in the treasury.
• Completed glacial till sampling program at the 50 km² New Alger area of the O’Brien project.
• Hired key personnel in investor relations & operations.
• Commenced Phase I, 10,000 metre drill program, fully financed for expansion.
• Pursued Ecologo certification as part of broader ESG program.

Throughout the year, Radisson maintained its key focus on resource growth, having achieved a number of exploration milestones, including publishing an updated Mineral Resource Estimate, the scale of which has demonstrated the potential for O’Brien as a stand-alone mine; the commencement of a 10,000 metre Phase I drill program; and the completion of a glacial till sampling program to test a completely new area of the Company’s land package, which has never before been systematically evaluated. The Company also achieved a number of corporate milestones in 2023, putting Radisson in a position of strength going into 2024, including adding meaningful bench-strength to the team in both marketing and operations and raising significant capital to fund, among other objectives, an expanded 2024 exploration program.

“Radisson is grateful for the unyielding support from our shareholders, partners, and stakeholders, who have consistently shown confidence in our vision and capabilities,” commented Chairman and Interim CEO Denis Lachance. “We extend our deepest appreciation to the dedicated team at Radisson, whose determination and expertise have been instrumental in our achievements. As 2023 ends, we eagerly embrace the opportunities that lie ahead in 2024 as we continue our commitment to realizing the full potential of the O'Brien gold project while delivering exceptional value to our shareholders through de-risking and resource growth.”