“The Company is in a strong financial position with Parral operating at record levels, and the drilling results to date at Los Ricos looking exceptional. During the year, we were able to generate a significant gain on the sale of the Santa Gertrudis royalty, which combined with the gain on the marketable securities we took as consideration for that sale, generated $15 million in income, in addition to the $53 million realized last year on the sale of Santa Gertrudis. Our team continues to demonstrate our ability to generate value for shareholders from exploration projects”, Brad Langille, President and CEO stated.

Shareholders voted in favour of all matters brought before the meeting, including the appointment of auditor for the ensuing year, the authorization of the directors to fix the remuneration payable to the auditor, the acceptance of the Company’s Stock Option Plan, and the election of management’s nominees as Directors.

Discovery Metals Corp. is pleased to announce that at a special meeting of the Company’s shareholders on December 11, 2019, Discovery’s shareholders passed a resolution approving 2176423 Ontario Ltd., a corporation beneficially owned by Mr. Eric Sprott, to become a “Control Person” as defined in the policies of the TSX Venture Exchange (including ownership of greater than 20% of the voting securities outstanding) of Discovery.

“Alamos remains on track to achieve 2019 production and cost guidance driven by a strong year from both of our Canadian operations. Young-Davidson is having a solid year operationally while making excellent progress on the construction of the lower mine expansion. Island Gold has already established another record for annual production and free cash flow, and with the ongoing exploration success we expect a further increase in both mineral reserves and resources with our year end update,” said John A. McCluskey, President and Chief Executive Officer.

Richard Godfrey is a finance professional who has been involved in the mining industry over the last 30 years, both domestic and international.

Daniel Earle, President & CEO, commented, “The name change has been undertaken to reflect the strong gold potential that exists within our portfolio of assets and corporate strategy to broaden our exploration efforts to capitalize on this.”