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    PX   CA7056465031

PELANGIO EXPLORATION INC.

(PX)
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Fact Sheet Ghana

11/08/2021 | 04:10pm EST

P E L A N G I O

EXPLORATION

PX TSX-V

EXPLORING CAMP-SIZED PROPERTIES

ON WORLD CLASS GOLD BELTS

GHANA, WEST AFRICA

Obuasi (284 km2)

100% owned (subject to gov't interest), located on the prolific Ashanti Belt Immediately adjacent to AngloGold Ashanti's recently redeveloped 31M oz Obuasi Mine, host geology extends onto Pelangio's property

28,000 m diamond drilling (anomalous gold from every prospect tested), Mag and VTEM Surveys, extensive trenching and sampling completed; targeting by Condor, SRK and Beak Consultants

Drill highlights include: PG11-NGT-121 - 1m of 24.50 g/t gold, PG11- NGT-122 - 2m of 11.28 g/t gold

Significant Targets:

Numerous untested targets near the western property boundary Targets underlain by the same geological stratigraphy which hosts much of the ore at the Obuasi Mine

North Government Area ("NGA") Targets which lie along and near the main Birimian/ Tarkwaian contact

Dankran (34.65km2)

NE extension of the Obuasi project - added 7 km of strike on the Ashanti Belt

Adjacent to historic Obuom mine (produced 29,000 oz of gold at an average grade of 16 g/t in the 1930's)

2,491m of RC drilling in 36 holes completed on 6 fences Ten holes returned significant results (at a cut-off of 0.40 g/t Au) with grades up to 6.07 g/t Au over 2.0 meters and mineralized widths up 0.47 g/t Au over

10.0 meters, along a strike length of 2.5 km

One-meterre-assays returned 14.17 g/t Au over 3m, including 39.20 g/t Au over 1m

Several significant Au-in-soil anomalies remain to be tested over 2.7 km on Obuom Mine trend

Where There

is History

There is

Potential

P o s i t i o n i n g - S u c c e s s - D i s c o v e r y

L o c a t i o n - l o c a t i o n - l o c a t i o n

P E L A N G I O

EXPLORATION

PX TSX-V

GHANA, WEST AFRICA

Manfo (96 km2)

Located on the Sefwi Belt 17 km SE of

Newmont's Ahafo Plant

100% owned (subject to 10% government

interest)

Eight near-surface gold discoveries by

drilling gold in soil anomalies over a 9km

NNE trend

38,000 m of core drilling; Maiden resource

estimate in 2013* with three open pit

resource areas defined:

Indicated: 195,000 oz Au (at 1.5 g/t)**

Inferred: 298,000 oz Au (at 1.0 g/t)***

Considerable data recompilation,

reinterpretation and target generation

completed

Conducted infill soil sampling refining several

targets in Q32020

6,750m of exploration air-core and 3,700m of

Soil Gold Anomalies and Drill Targets

resource-extension diamond drilling planned.

Sefwi Belt hosts 33 Gold

Multiple targets generated in recent data

analysis to be tested in exploration and

Deposits (20+ Million Oz)

resource extension drilling programs

Capitalization

TEAM

(millions)

Warrants

Tr a d i n g

D i r e c t o r s

M a n a g e m e n t

P X : T S X - V

35.0

Options

Market Cap. = $11.3 M

Ingrid Hibbard, President & CEO

Kevin Thomson,

Paul Rokeby,

David Mosher

Senior VP, Exploration

Chief Financial Officer

6.6

Week L/H = $0.12/0.23

Sam Torkornoo,

Advisory Committee:

Al Gourley

Shares Outstanding

Insiders, Family &

JC St-Amour, Chairman

VP Africa

Philip Olson

75.0

Kevin Filo, VP

Laurie Clark

Associates = 25%

Kevin Thomson

Warren Bates, Senior

Source: TMX website

Corporate

Technical Advisor

October 26, 2021

Development

Contact Information

Pelangio Exploration Inc., 82 Richmond Street East, Toronto, Ontario, Canada M5C 1P1

905 336 3828 info@pelangio.com

pelangio.com

Disclaimer and Qualified Person

  • Mineral Resource Evaluation Technical Report, Manfo Gold Project, Ghana, June 21, 2013 by SRK Consulting (Canada) Inc., authored in accordance with Canadian Securities Administrators' National Instrument 43-101.
  • Indicated Resources consist of 3.973 million tonnes at an average gold grade of 1.52 g/tonne, calculated at a lower cut-off grade of 0.5 g/tonne for sulphide and transitional material, and 0.4 g/tonne for oxide material. Indicated resources are entirely within the US$1,450 Conceptual Pit Shell.
  • Inferred Resources consist of 9.666 million tonnes at an average gold grade of 0.96 g/tonne, calculated at a lower cut-off grade of 0.5 g/tonne for sulphide transitional material, and 0.4 g/tonne for oxide material. Inferred resources are tabulated both within and outside of the US$1,450 Conceptual Pit Shell, from surface to an elevation corresponding to the base elevation of the US$1,450 Conceptual Pit Shell, at 100 metres elevation.

Kevin Thomson, P.Geo, (APGO#0191), Senior Vice President of Exploration for Pelangio, has approved the statement in this document.

Disclaimer

Pelangio Exploration Inc. published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 21:08:33 UTC.


© Publicnow 2021
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Financials
Sales 2020 - - -
Net income 2020 -1,81 M -1,43 M -1,43 M
Net cash 2020 2,43 M 1,93 M 1,93 M
P/E ratio 2020 -3,75x
Yield 2020 -
Capitalization 10,8 M 8,60 M 8,56 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 5
Free-Float 94,2%
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Managers and Directors
Ingrid Jo-Ann Hibbard President, CEO & Non-Independent Director
Paul Rokeby Chief Financial Officer & Treasurer
David Vaughn Mosher Independent Director
Jean-Claude R. St. Amour Independent Director
Kevin Peter Thomson Director & SVP-Exploration
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