The Company intends to use the net proceeds of the Offering to advance construction of its 100%-owned Santana gold development project located in Sonora, Mexico; further exploration activities at its other 100%-owned development projects located in Mexico, and; general corporate purposes.

The Company intends to use the net proceeds from the Offering for exploration and general working capital purposes.

Concurrently with the completion of the Arrangement Evrim changed its name to “Orogen Royalties Inc.” Orogen will begin trading on the TSX Venture Exchange under the symbol “OGN” on August 20, 2020.

Greg Crowe, President and CEO commented: “This updated resource on the two historic leach pads is based upon results from a sonic drill program and metallurgical studies completed by Silver One as well as historic drill hole information from previous operators.”

The proceeds from the sale of the Shares will be used for the exploration, development and/or improvement of the Company’s existing mine properties, including those relating to bringing Relief Canyon into commercial production and for working capital and general corporate purposes.

Millrock Resources Inc. reports that drilling at the Echo Target on the West Pogo block of the 64North gold project in Alaska has now begun.

The net proceeds raised under the Offerings will be used to fund the cash payment for the Transaction and for general working capital purposes inclusive of funding costs associated with the continued exploration and development of the Cerro Las Minitas polymetallic mineral property in Durango, Mexico. Up to 10,000 metres of new drilling is planned on the property, commencing in mid-September.

“I am very excited to be joining the Zanzibar team,” said Greg Bronson. “I believe Zanzibar has a great future with its newly acquired Sonora Gold project. Zanzibar has developed a talented Canadian/Mexican exploration team that uniquely positions it to capitalize on the growing gold environment. As the gold sector evolves through higher commodity prices, I believe Zanzibar can provide cost-effective exploration results and timely project news with Sonora Gold project.”

“Odyssey is ready to move this important project forward for the benefit of the people of Mexico as well as our shareholders,” said Mark Gordon, Odyssey Chairman and Chief Executive Officer.

Morgan Good, Chief Executive Officer of Carlyle, commented: “We are very excited and extremely fortunate to have the likes of Mr. Jessup and Mr. Blanchet on our newly formed Advisory Board.”