The SStar Gold resources AB (publ) board of directors are pleased to advise about the registration of Gold exploration licenses in Russia.

In August 2019 SStar Gold Resources AB (publ) via its Russian subsidiary, Sstar Trade  Gold LLC, has registered with the Russian Ministry of Natural Resources  two official claims to obtain licenses for geological exploration.

These licenses will enable an exploration program to determine the presence of proven reserves which, once confirmed, will create the opportunity to develop and commence gold mining operations. The plots, Kadarinsky plot № 1 and № 2 are located in Transbaikal region, Russian Federation.  It is planned that the development of the two plots can be undertaken together with a similar plot in region acquired earlier this year.

The combined current estimated resources of the Kadarinsky plots, according to TKZ, a government accredited geologist,  of the registered plot is 30 tons of gold. (No. 1 - 21 Tons & No. 2 - 9 tons)

Our Russian subsidiary is, according to statutory procedure as the potential license holder, waiting for the final approval from the other relevant departments of the Russian government. Once these formalities are in place, the next stage is to commence geological exploration works.

We understand that this whole process can take up to 6 months and  therefore expect to receive the final confirmation of a successful registration of the licenses during first half of 2020.

   
For more information, please contact:
Karl-Axel Waplan, CEO SStar Gold, Tel. + 46 (0) 70-510 42 39, info@sstargold.se

About SStar Gold Resources AB (publ)
SStar Gold Resources AB(publ)  is the Swedish parent company of the Russian subsidiary through which the SStar Gold strategy is to be executed:

• To build a portfolio of exploration and exploitation licenses in the Transbajkal Region in Siberia, Russia
• To aggregate a variety of licenses so enabling the firm to benefit from economies of scale and efficient logistics so aiding  long term profitability
• To plan and develop the mining activities on the licenses successfully acquired

Whilst this document has been prepared in good faith, SStar Gold resources AB (“SSG”) and its group undertakings, members, partners, officers, consultants and employees from time to time (together referred to herein as its “Affiliates”) do not make and are not authorised to make any representation, warranty or undertaking, express or implied, with respect to the information or opinions contained in it and no responsibility or liability is accepted by any of them as to the accuracy, completeness or reasonableness of such information or opinions or any other written or oral information from SSG that may be made available to you. Without prejudice to the foregoing and to the fullest extent permitted by law, SSG and its Affiliates do not accept any liability whatsoever for any loss howsoever arising, directly or indirectly, from use of this document or otherwise arising in connection therewith. Nothing herein shall not exclude any liability for, or remedy in respect of, fraud or fraudulent misrepresentation.

All logos, trademarks and service marks appearing herein are the property of SSG. Reproduction, in whole or in part, without written permission of SSG is expressly forbidden.

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