Soma Gold Corp.

Para Resources Inc. is pleased to announce that on November 5, 2019, the Gold Road Project successfully smelted and poured a 380.0 ounce doré bar containing 220.8 ounces of gold. Figure 1 To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3819/49527_figure1.jpg Ian Harris, President of Para Resources, stated, "The production of a doré bar is a significant milestone [...]

Para Resources Also Announces Final Close of Over-Subscribed Private Placement Raising $10.8M Para Resources Inc. is pleased to announce that, in anticipation of the October 23rd start-up of the mill, the Gold Road mine shifted from focusing on extending and deepening the main accesses of the mine to stope development in 6 faces in the mine. During the month, the mine steadily increased the daily haulage of mineralized [...]

Para Resources Inc. is pleased to announce that it has closed $510,000 in the third tranche of the previously announced Private Placement of Units. The Company has issued 5,100,000 Common Shares and 5,100,000 share purchase warrants . This brings the total raised in the first three tranches of this Private Placement to 95,448,706 Shares and 95,448,706 warrants for total combined proceeds of $8,544,871. Each Warrant [...]

Strong Mine Production and Start of the Gold Road Mill puts the Project Back on Track Para Resources Inc. is pleased to announce the successful start of the Gold Road mill and CIL plant on October 23rd, with expected doré production to begin in early November. During an extended circuit test in Q1 of 2019, the mill and plant operated as planned and achieved doré production at the benchmark gold recovery rate [...]

Para Resources Inc. is pleased to announce that it has closed $1,570,000 in the second tranche of the previously announced Private Placement of Units. The Company has issued 15,700,000 Common Shares and 15,700,000 share purchase warrants . This brings the total raised in the first two tranches of this Private Placement to 90,348,706 Shares and 90,348,706 warrants for total combined proceeds of $9,034,871. Each Warrant [...]

Para Resources Inc. is pleased to announce that it has closed $7,464,870 in the first tranche of the previously announced Private Placement of Units at $0.10 per Unit. The Company has issued 74,648,706 Common Shares and 74,648,706 share purchase warrants . Each Warrant entitles the holder to acquire one common share of the Company for a period of 2 years at a price of C$0.15, subject to an accelerated expiry if the [...]

Vein width of between 0.61 m and 4.7 m at grades between 9.4 and 13.6 gpt Au Para Resources Inc. is pleased to announce the initial certified assay results of the phase 1 drilling program on the Tr-Ue vein started this summer. The Tr-Ue vein forms a part of the Gold Road claims and is approximately 1.6 kms from the Gold Road mill on a paved highway. Results from the first 4 holes of the 9-hole program have been received [...]

Para Resources Inc. is pleased to announce that it has arranged a non-brokered private placement for total gross proceeds of up to C$10,000,000. The Private Placement will consist of up to 100,000,000 units at a price of C$0.10 per unit . Each Unit is comprised of one common share of the Company and one common share purchase warrant . Each Warrant entitles the holder to acquire one common share of the Company for a period [...]

Para Resources Inc. is pleased to provide an update on operations as follows: Gold Road Gold Road has completed 245 feet of development raise and incline to complete excavation of the new secondary escape route from the lowest levels of the mine as per the Mine Safety Health Administration request. Work continues on lining and landings to finalize this project by the end of August. As advised in June 2019, the new surface [...]

Para Resources Inc. at the request of IIROC is issuing this news release to clarify the disclosure it included in its June 20, 2019 news release. The previous news release omitted to include cautionary language as it relates to the Company's production plans for its projects that are not supported by a preliminary feasibility or feasibility study, and without first establishing mineral reserves, which could result in [...]