Toronto, Ontario--(Newsfile Corp. - March 18, 2019) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company"
or "GoldSpot") announces that it has granted an aggregate of 3,681,000 options to purchase common shares of the Company (the
"Stock Options") to certain employees, consultants and directors of the Company. The Stock Options are exercisable at a
price of $0.40 per common share, equal to the effective price per common share issued in connection with the Company's recent
subscription receipt financing completed in February 2019. The Stock Options are exercisable for a period of three years from the
date of grant and shall vest as to 33.3% annually. The common shares issuable upon exercise of the Stock Options are subject to a
four month hold period from the original date of grant.
About GoldSpot
GoldSpot is a technology company that leverages machine learning to reduce capital risk, while working to increase efficiencies
and success rates in resource exploration and investment. GoldSpot combines proprietary technology with traditional domain
expertise, offering a front-to-back service solution to its partners. GoldSpot's solutions target big data problems, making full
use of historically unutilized data to better comprehend resource property potential. GoldSpot has developed a monetization
strategy into multiple verticals of the mining and investment industry, including service offerings, staking and royalty
acquisition, and the development of its own artificial-intelligence driven trading platform.
For further information please contact:
Denis Laviolette, President, CEO and Director
GoldSpot Discoveries Corp.
647-992-9837
Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained
herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking
information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information
in this news release includes, but is not limited to, uncertainty over the outcome of any litigious matters, the Company's
objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual
results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs
varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to
obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of
financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development
of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the
Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which
only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time
frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as
a result of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43477
