Spanish Mountain Gold Ltd.

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Canada & British Columbia Vancouver

1120 - 1095 West Pender Street

+1 604 601-3651

www.spanishmountaingold.com

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Company Press Releases

Spanish Mountain Gold Announces Closing of Private Placement

Vancouver, British Columbia--(Newsfile Corp. - July 27, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Offering") of 16,666,666 common share units (the "Units") for gross proceeds of $5,000,000, entirely subscribed by Mr. Eric Sprott.Each Unit consisted of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles its holder to purchase one common share at a price of $0.45 per share for a period of two years. All of t...

Spanish Mountain Gold Further Accelerates Project Timeline and Declares Project Fully Funded to Be "Shovel Ready"

Vancouver, British Columbia--(Newsfile Corp. - July 28, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to provide an update on its Spanish Mountain gold project (the "Project") following management's review of project deliverables given currently available cash. The Company previously announced, in a news release dated July 14, 2020, plans for a field program this summer and the completion of the inaugural Preliminary Feasibility Study (PFS) with a reserve statement for the Project's proposed Phase 1 operations within 12 months. Phase 1 targe...

Spanish Mountain Gold Announces $5M Private Placement

Vancouver, British Columbia--(Newsfile Corp. - July 29, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce that the Company has arranged a private placement of units at $0.42 per unit (a "Units") for gross proceeds of $5,000,000 (the "Offering").Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.60 per share for a period of two years. The proceeds of the private placement will be used exclusively to expand the Projec...

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