The Company has started executing its plans to unlock the value of the Company's Whistler gold-copper project ("Whistler") in Alaska, USA and has mobilized field teams to commence exploration activities. The Company's board of directors has approved a budget to commence and execute Phase 1 of a two-year exploration program, including core drilling of up to 10,000 meters at the Whistler project. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: "US GoldMining is now fully funded and permitted to start our inaugural exploration program at Whistler. The Whistler camp contains the essential infrastructure and equipment required to re-start exploration this coming summer. Forward-Looking StatementsThis news release contains certain forward-looking statements, including forward-looking information within the meanings of applicable Canadian securities laws and within the meaning of the United States federal securities laws (collectively, "forward-looking statements").

Source: Wall Street Journal May 30, 2023 11:01 UTC