Vancouver, British Columbia--(Newsfile Corp. - December 21, 2018) - Sitka Gold Corp. (CSE: SIG) (the "Company" or
"Sitka") intends to complete a non-brokered private placement of flow-through units (the "Private Placement").
The Company intends to issue up to 2,000,000 flow-through units at a price of $0.125 per unit (the "FT Units") for aggregate
proceeds of up to $250,000. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one-half of one non
flow-through common share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase one additional
common share of the Company at an exercise price of $0.17 per common share for a period of 24 months from the date of closing of
the Private Placement.
The proceeds raised from the FT Units will be spent on exploration that will qualify as Canadian exploration expenses (CEE) and
flow-through mining expenditures for purposes of the Income Tax Act (Canada).
In connection with the Private Placement, the Company may pay a finders' fee in accordance with the rules and policies of the
Canadian Securities Exchange. The Private Placement remains subject to regulatory approval.
About Sitka Gold Corp.
Sitka Gold Corp. is a mineral exploration company headquartered in Canada and managed by a team of experienced mining industry
professionals. The Company is focused on exploring for economically viable mineral deposits with its primary emphasis on gold and
copper mineral properties of merit. Sitka currently has an option to acquire a 100% interest in the Adobe Gold property in Nevada,
an option to earn a 100% interest in the Burro Creek Property in Arizona and owns a 100% interest in its Coppermine River project
in Nunavut and the Alpha Gold property in Nevada.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
"Donald Penner"
President and Director
For more information contact:
Donald Penner
President & Director
dpenner@sitkagoldcorp.com
or
Cor Coe
CEO & Director
ccoe@sitkagoldcorp.com
Neither the Canadian Securities Exchange nor it Regulation Services Provider (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
Certain statements included herein may constitute "forward-looking statements". All statements included in this press release
that address future events, conditions or results, including in connection with exploration activity, future acquisitions and any
financing, are forward-looking statements. These forward-looking statements can be identified by the use of words such as "may",
"must", "plan", "believe", "expect", "estimate", "think", "continue", "should", "will", "could", "intend", "anticipate" or "future"
or the negative forms thereof or similar variations. These forward-looking statements are based on certain assumptions and analyses
made by management in light of their experiences and their perception of historical trends, current conditions and expected future
developments, as well as other factors they believe are appropriate in the circumstances. These statements are subject to risks,
uncertainties and assumptions, including those mentioned in the Company's continuous disclosure documents, which can be found under
its profile on SEDAR (www.sedar.com). Many of such risks and uncertainties are
outside the control of the Company and could cause actual results to differ materially from those expressed or implied by such
forward-looking statements. In making such forward-looking statements, management has relied upon a number of material factors and
assumptions, on the basis of currently available information, for which there is no insurance that such information will prove
accurate. All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above.
The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable
law.