Successful First Full Year Of Operations At Pan Mine

VANCOUVER, BC Fiore Gold Ltd. reported preliminary production results from its 100%-owned Pan Mine in Nevada for the Company’s fourth fiscal quarter, and the full fiscal year 2018 which ended September 30, 2018.

The company had full-year mined ore production of 14,228 tons per day, ahead of planned rate of 14,000 tons per day (“tpd”), with fiscal Q4 mined ore production at 13,186 tpd. Gold production of 34,297 ounces, near the lower end our guidance range of 35,000-40,000 ounces. Q4 gold production of 8,993 ounces.

The company had 83,690 man-hours worked in FY/2018, achieving our goal of zero reportable incidents, zero reportable accidents, and zero lost-time injuries. Currently the operation is at 865 consecutive days of attaining this Triple-Zero achievement. The operations team at Pan was selected to receive the Small Mine Safety Award from the Nevada Mining Association for the third consecutive year, 2015, 2016 and 2017.

The United States Bureau of Land Management (“BLM”) has issued the Record of Decision for the Company’s 100%-owned Gold Rock project, located approximately 8 km southeast of our Pan Mine. This completes the federal permitting process required for the construction of a mine on the Gold Rock property. A short drilling program to test three new targets was recently completed at Gold Rock, with results expected shortly.

Tim Warman, Chief Executive Officer of Fiore, commented: “Our Pan Mine team has delivered a solid first full year of gold production while maintaining their excellent record of safety and environmental protection.  While falling just short of our gold ounce production guidance, we are still extremely pleased with how the Pan mine performed during this first year since returning to steady-state production.  We’re working to extend the mine life, having completed approximately 29,000 ft. of exploration drilling to date at Pan, with a resource update expected before calendar year-end. Finally, with the recent Record of Decision on the nearby Gold Rock project, we now have one of the few federally-permitted gold projects in the US.”

The company’s address is Suite 3123, 595 Burrard Street, Vancouver, BC V7X 1J1, email: [email protected].