Breaking News: Sanu Gold and Montage Gold Join Forces in Strategic Partnership, Backed by Lundin Family Investment

HIGHLIGHTS:

Montage Gold Corp. (“Montage Gold”) obtained a 19.9% ownership stake in Sanu Gold through the issuance of 2,337,921 common shares of Montage Gold in exchange, equating to approximately CAD $5.5 million value. Lundin Family obtained a 10% stake in Sanu Gold, joining AngloGold Ashanti plc who maintained a 10% stake in Sanu respectively.

Strategic Collaboration:

Montage Gold’s CEO, Martino De Ciccio, has been appointed as Chair of Sanu Gold’s Board of Directors with EVP Exploration Silvia Bottero joining as Technical Advisor.

Exploration Focus:

Proceeds from these investments will fund exploration activities in Guinea, West Africa, targeting the highly prospective Daina, Diguifara, and Bantabaye permits.

Vancouver, British Columbia–(Newsfile Corp. – December 31, 2024) – Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (“Sanu Gold” or the “Company”) is pleased to announce that the Company has completed a strategic investment by Montage Gold Corp. (TSXV: MAU) (OTCQX: MAUTF) (“Montage Gold”) & the Lundin family and associates (the “Lundin Family”) into Sanu Gold for a total value of CAD $10,055,412. The Company has completed a share exchange transaction (the “Share Exchange Transaction”) with Montage Gold for an investment by Montage Gold in Sanu Gold consisting of the issuance of common shares of Montage Gold (“Montage Shares”) having a market value of CAD $5,494,115 in exchange for the issuance of an equivalent value of common shares of Sanu Gold (“Sanu Common Shares”) at a deemed price of CAD $0.072 per Sanu Common Share, pursuant to an investment agreement between the Company and Montage Gold (the “Montage Investment Agreement”).

Effects on Me:

As an investor, this strategic partnership may impact my investment portfolio as the collaboration between Montage Gold and Sanu Gold, backed by the Lundin Family, could lead to potential growth and increased value in the respective companies. The focus on exploration activities in Guinea may also present lucrative opportunities for future returns on investment.

Effects on the World:

This strategic partnership between Sanu Gold, Montage Gold, and the Lundin Family could have a significant impact on the global mining industry, particularly in West Africa. The joint exploration efforts in Guinea may lead to the discovery of new mineral reserves, boosting economic growth and development in the region. The partnership may also set a precedent for future collaborations within the mining sector, paving the way for more sustainable and responsible mining practices.

Conclusion:

The strategic partnership between Sanu Gold and Montage Gold, supported by the Lundin Family, marks a significant milestone in the mining industry. The collaboration not only promises growth and exploration opportunities for the companies involved but also has the potential to impact the global mining sector positively. As investors, we can look forward to the outcomes of this partnership and the potential benefits it may bring to both the companies and the world at large.