Steppe Gold Ltd. Announce Extension of Binding Time period Sheet

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ULAANBAATAR, Mongolia, March 19, 2024 (GLOBE NEWSWIRE) — Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold”) is happy to announce the extension (the “Extension Letter Settlement”) of the binding time period sheet entered with, amongst different events, Boroo Gold LLC (“Boroo Gold”) dated January 18, 2024 (the “Binding Settlement”), pursuant to which Steppe Gold, both instantly or by means of a wholly-owned subsidiary, will purchase all the issued and excellent widespread shares of Boroo Gold in an all-share transaction (the “Proposed Transaction”). The Extension Letter Settlement extends the exclusivity interval between Steppe Gold and Boroo Gold within the Binding Settlement from March 29, 2024 to April 12, 2024, or such earlier or later time as Steppe Gold and Boroo Gold mutually agree, with the intention to present extra time for the events to finish due diligence and enter right into a definitive settlement.

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For extra data on the Transaction, please see the information launch dated January 22, 2024 which is out there on SEDAR+ at www.sedarplus.ca.

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About Steppe Gold

Steppe Gold is Mongolia’s premier valuable metals firm and 100% proprietor of the ATO gold mine and the Uudam Khundii undertaking in Mongolia.

Cautionary Assertion on Ahead-Trying Info

This information launch contains sure statements that represent “forward-looking statements”, and “forward-looking data” inside the that means of relevant securities legal guidelines collectively “forward-looking statements”. These embody statements relating to Steppe Gold’s intent, or the beliefs or present expectations of the officers and administrators of Steppe Gold relating to finalization of due diligence and coming into right into a definitive settlement. When used on this information launch, phrases similar to “will” and comparable expressions are supposed to determine these forward-looking statements in addition to phrases or statements that sure actions, occasions or outcomes “might”, “might”, “ought to”, “would” or the unfavourable connotation of such phrases. As properly, forward-looking statements might relate to future outlook and anticipated occasions, such because the consummation and timing of the Proposed Transaction; the coming into right into a definitive settlement; and the phrases and situations thereof. These forward-looking statements contain quite a few dangers and uncertainties, together with these regarding required shareholder and regulatory approvals, assembly different situations within the Binding Settlement, materials hostile results on the enterprise, properties and belongings of Steppe Gold, and such different danger components detailed sometimes in Steppe Gold’s public disclosure paperwork together with, with out limitation, these dangers recognized in Steppe Gold’s annual data kind for the yr ended December 31, 2022, which is out there on SEDAR+ at www.sedarplus.ca. Ahead-looking statements are based mostly on data obtainable on the time these statements are made and/or administration’s good religion perception as of that point with respect to future occasions and are topic to dangers and uncertainties that would trigger precise efficiency or outcomes to vary materially from these expressed in or urged by the forward-looking statements. Ahead-looking statements communicate solely as of the date these statements are made. Besides as required by relevant regulation, Steppe Gold assumes no obligation to replace or to publicly announce the outcomes of any change to any forward-looking assertion contained or included by reference herein to mirror precise outcomes, future occasions or developments, adjustments in assumptions or adjustments in different components affecting the forward-looking statements. If Steppe Gold updates any a number of forward-looking statements, no inference must be drawn that it’ll make further updates with respect to these or different forward-looking statements. All forward-looking statements contained on this information launch are expressly certified of their entirety by this cautionary assertion.

Contact Info

Steppe Gold Ltd.
Bataa Tumur-Ochir, Chairman and Chief Government Officer
Jeremy South, Senior Vice President and Chief Monetary Officer

Shangri-La workplace, Suite 1201, Olympic Road 19A, Sukhbaatar District 1, Ulaanbaatar 14241, Mongolia Tel: +976 7732 1914