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CLIENT FEATURE: Beauce Gold $BGF – The SmallCap Gold Company Poised to Make a Placer to Hard Rock Discovery $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM at 3:15 PM on Tuesday, June 1st, 2021

Beauce Gold Fields (BGF: TSXV) is going to discover where the gold from Canada’s first historical placer gold rush came from.

Beauce is very close to locating the hard rock source that created Canada’s first gold rush. The area Beauce controls produced the largest gold nuggets in Canadian mining history (50oz to 71oz) and if these nuggets were to be found today each would be worth over $100,000 at today’s gold price. Beauce controls 100% of the 6km trend where the first gold rush in Canada occurred and is very close to finding the source of Canadas first gold rush through drilling in 2021.

The presence of alluvial (surface) gold is a great indicator for a modern exploration company to search for the source. It is an indication of a large gold source close by and Beauce has proven this with a Paleoplacer Resource that is one of the largest un-mined Paleoplacer deposits in North America.

If successful Beauce will be able to prove a major discovery and the lode source for all surface gold ever found at the Beauce Gold Fields project area, while potentially developing an increasingly economic paleoplacer surface deposit.

3 Reason Why Beauce is Going is to Find The Hard Rock Source of Canada’s First Gold Rush

1.    Multiple Peers Have Already Proven The Exploration Model Works

After decades of being overlooked, recent hard rock gold discoveries in the Yukon’s placer fields has led to a modern gold rush with major gold companies such as Goldcorp, Kinross, Barrick & Newmont investing hundreds of millions in Yukon juniors. Osisko Gold Royalties has invested $33 million in Barkerville alone.  An easy peer review demonstrates the unexplored value that is a soon to be attraction to investors looking to capitalize on a proven exploration model, in an area without competition from peers that Beauce completely controls. An area that is waiting for a discovery to made.

Other companies have been very successful in leading the way for Beauce to demonstrate that placer gold has to come from a source, a source that is often superior to that which has already been found on surface.

2.    The Project Area Has Seen No Modern Drilling For A Hard Rock Source.

Beauce controls the entire area, a 6 km long gold anomaly and fault zone

The project area hosts a six-kilometer-long unconsolidated gold-bearing sedimentary unit.  There is gold in saprolite that indicates a close proximity to a bedrock source of gold along with the recent discovery of a fault underneath the historical gold placers, providing possible further exploration discoveries. All the signs point to a future drill program taking place.

Gold nuggets, geology, fault, angular gold – all point to finding the lode source (where it all came from)

Beauce controls an area that has never been systematically drilled for the hard rock source. Investors in 2021 are eagerly anticipating a drill announcement.

3.     Beauce Already Has A Paleo Placer Gold Resource

Total gold potential ranges between 61,000 ounces to 366,000 ounces and is documented through the companies Beauce Paleo placer Project Business Model for Placer Mining (2015).

The Company has calculated a Gold Exploration Target for the entire historical placer channel ranges between 61,000 ounces (2,200,000 m3 @ 0.87g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).

If you think this is insignificant at first glance, the 2015 report pegs the all-in cost at US$630/oz at $1250 gold. Today gold is at $1900. The increase in the price of gold vastly improves the economic potential and development of the Beauce Paleoplacer deposit.

The cost to build the mine is only $8 million. This based of off a 2015 gold price of $1250 and an 8-year mine life that upon ccommencement of full-scale production the annual gold output should be between 8,000 oz. (base case) and 24,000 oz. This can generate annual cash flow between $6.5M (base case) and $25 Million. The operation is capable of producing around 40,000 oz per year within 4 years of commencing production.

At $1900 dollar gold, a modest 4000 ounces produced increases the revenue to $7.6 million from $6.5. At 24,000oz’s of production the revenue jumps to $45million.  Enough to build a company, and certainly enough to fund exploring for where it all came from.

Click Here To Discover The Next Small Cap Canadian Gold Exploration Success Story 

VIDEO: Beauce Gold $BGF – Drilling in 2021 To Locate Hard Rock Source of Canada’s First Gold Rush $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM at 8:09 PM on Sunday, May 16th, 2021

This is is she summer where Beauce could prove through drilling it has located the hardrock source of Canada’s 1st gold-rush, one that pre-dates the Yukon and responsible for 2 of the largest nuggets found in Canada.

If they are successful they may be on to a major discovery.

What is surprising is that no one ever thought to explore the iconic historical placer deposit this way previously, even though it has been well known for 150 years. Beauce believes it has unlocked the geological puzzle that supported commercial placer production without ever understanding where the gold came from.

The project area has been exploited, but never systematically explored. Beauce has diligently carried out work over the years leading to this moment. With the first reported discovery of multiple gold bearing bedrock structures, Beauce believes they have found the likely source of the placer gold nuggets that supported the historic gold rush.

President & CEO of Beauce Gold ( BGF:TSXV ) Patrick Levasseur speaks to the importance of their recent discovery and what the future holds for this exciting SmallCap gold project.

Beauce Gold Fields $BGF.ca Megantic Overburden Sample Returns 10 Grams per Ton Gold in the Vicinity of the Bella Fault Line $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM at 5:58 PM on Monday, April 12th, 2021
  • Glacial overburden sampling program identified a second placer to hardrock property
  • Holds the potential for new gold discovery in Southern Quebec
  • Similar geological model to flagship Saint-Simon-les-Mines Beauce Gold property where fault line is on strike of historical placer gold deposit

Beauce Gold Fields (TSXV: BGF) (Champs D’Or en Beauce),(“BGF”), is pleased to announce the results of its glacial overburden sampling program of 31 placer to hardrock properties staked throughout southern Quebec. The highest return from a 20kg sample came from the Megantic property returning 10 grams per ton of placer gold from a sand & gravel bank that crosses the Bella Fault line.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “We are very excited that our sampling program has allowed us to identified a second placer to hardrock property that holds the potential for new gold discoveries in Southern Quebec.” Mr. Levasseur added: “The Megantic property holds a similar geological model to the company’s flagship Saint-Simon-les-Mines Beauce Gold property whereby a major geological fault line follows along strike the historical placer gold deposit. We look forward to investigating these anomalies further this summer.”

Between October and December 2020, the Company collected 71, 20kg overburden samples from sand and gravel pits found on 31 prospective placer to hardrock properties staked throughout southern Quebec (press release January 12, 2021). The objective was to identify placer gold anomalies in order to potentially trace their origins back to a lode gold deposit. A second objective was to identify sand & gravel banks of good size with the potential of holding interesting gold values for possible placer gold mining. Of all the samples taken, properties which recorded grades greater than 0.1 g /t Au were retained for further exploration.

RESULTS OF THE 2020 OVERBURDEN SURVEY

The 71 samples were processed by ExploLab in Val D’Or Quebec. Each sample of about 20kg was sifted through various mesh sizes to remove coarse materials. Coarse gold was recovered using various gravimetric methods. The concentrates were sent to Act Labs for analysis. (Disclosure : ExploLab is owned and operated by a Director of the Company).

With the exception of thePozer River and Lac Etchemin samples, the samples which revealed interesting gold grades came from the Mégantic region. Several anomalous samples are located near the Bella fault which crosses the Ditton, Chartierville, Chesam and the Bergeron River sectors of the Megantic property.

Read More: https://agoracom.com/ir/BeauceGoldFields/forums/discussion/topics/758905-beauce-gold-fields-megantic-overburden-sample-returns-10-grams-per-ton-gold-in-the-vicinity-of-the-bella-fault-line/messages/2311654#message

VIDEO – Beauce Gold $BGF.ca Discovers 60 Year Old Treasure of 344 Missing Drill Logs Worth Millions $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM-JC at 4:01 PM on Tuesday, February 23rd, 2021

You never know where the path to discovery is going to take you. Join in for the moment with Patrick Levasseur, President and CEO of Beauce Gold Fields (BGF:TSXV) and his incredible story tracking down over 344 old drill logs from their St-Simon-Les-Mines Gold project, site of Canada’s first gold rush.

It is a treasure find of epic exploration proportions. Not only are the drill core logs and related documents of historical significance for the greater placer story and future development; the information gathered would cost millions of shareholder dollars to generate today.

The find could very well be the catalyst for the first diamond drill program in the area in over 100 years. Beauce intends to test their exploration theory in search of the mother lode that supplied the original placer gold rush.

Watch this great interview with Beauce Gold CEO Patrick Levasseur to hear this great story and why Beauce is exploring such a historically significant project.

Beauce Gold Fields $BGF.ca Buys Missing Drill Logs Adding 344 Never Reported Drill Holes $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM at 9:28 AM on Thursday, January 21st, 2021
  • Acquired never before published exploration data from 1957 to 1965
  • This effectively triples the overburden drilling data that will give Beauce unprecedented overview of the placer channel

Beauce Gold Fields (TSXV: BGF) (Champs D’Or en Beauce), (“BGF”), is pleased to announce that it has acquired, from a Private Collector, a trove of never before published exploration data by the Beauce Placer Mining company that operated from 1957 to 1965 on the company’s Beauce Gold property located in Saint-Simon-les-Mines, Quebec.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “This effectively triples the overburden drilling data that will give us an unprecedented overview of the placer channel.” Mr. Levasseur added: “The data will have a profound impact in orientating our future rock drilling program to uncover the source of the gold placers.”

Figure 1: Drill Hole Map 1958, St-Gustave Road and Drill Operator

Active from 1957 to 1965, the Beauce Placer Company was the largest placer gold mining operation in eastern North America. Yet, there was very little documentation available of the work completed during that period. Historical reports found on the Government of Quebec’s geology and mining data registry are but brief summaries and observations. Missing were drill hole logs and subsequent results, geophysics data, field surveys, compilation maps and for that matter, all aspects pertaining to the dredge mining operation itself. These have now been found.

According to the Collector, the documents originated from a field office the Beauce Placer Mining Company occupied in Beauceville, Quebec. The office was abandoned in the 1970s leaving behind filing cabinets full of documents. The documents were given to the Collector, a businessman from St-Simon-les-Mine. Being an avid antiques collector, he recognized the importance of preserving historical documentation pertaining to his town’s heritage.

Document Highlights

– Total 344 drill logs from 7-inch wide overburden drill holes down to bedrock:

  • Gilbert River (St-Simon-les-Mine) – 252 holes
  • Famine River – 40 holes
  • Chaudière River – 36 holes
  • Riviere Du Loup – 12 holes
  • Ruisseau Des Meule – 4 holes

– Geophysics
– Claims and property agreements
– Land surveys
– Documentation regarding the operation of the dragline and the Yuba dredge
– Daily back office operation
– Gold receipts from the mint

Read More: https://agoracom.com/ir/BeauceGoldFields/forums/discussion/topics/753564-beauce-gold-fields-buys-missing-drill-logs-adding-344-never-reported-drill-holes/messages/2299225#message

Beauce Gold Fields $BGF.ca Stakes 30 Placer to Hard Rock Gold Properties $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM at 4:37 PM on Tuesday, January 12th, 2021
  • Staked a portfolio of prospective placer to hard rock gold anomalies throughout southern Quebec
  • The Mégantic property extends for at least 30 km along the axis of the Bella Fault.

Beauce Gold Fields (Champs D’Or en Beauce) (TSXV: BGF), (“BGF”), is pleased to announce that it has acquired through map staking, a portfolio of prospective placer to hard rock gold anomalies throughout southern Quebec. The Beauce, the Megantic and Quebec’s Eastern Townships are considered to be the most suitable regions for the discovery of gold deposits near or under former gold placers.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “Just as major gold companies have found new value in storied placer gold districts of BC’s Cariboo and the Kondike in Yukon, we see untapped potential in Quebec’s placer gold properties.” Mr. Levasseur added: “For example, the Megantic property holds a similar geological model to the company’s flagship Saint-Simon-les-Mines Beauce Gold property whereby a major geological fault line follows along strike historical placer gold deposits.”

The Mégantic property is limited to the southwest by the American border of New Hampshire and to the northeast by Lac Mégantic. The property extends for at least 30 km along the axis of the Bella Fault. It is divided into four areas: the Ditton, the Mining Brook, the Chesham and Bergeron rivers.

The Mégantic property is located at the foot of the granite intrusion of Mont Mégantic. It partly occupies the Compton Formation composed of graphitic and pelitic metasedimentary rocks of Siluro-Devonian age. These sedimentary rocks are in discordant contact in the center of the terrain with the volcanic facies (basalts, andesites and dacites) of the Siluro-Devonian Formation of the Frontenac Formation. The Bella fault, which is the major structural element of the Mégantic property, is in contact between the Compton and Frontenac Formations. Observations at Mount Saddle suggest several intrusive phases that would be favourable to the establishment of gold mineralization.

READ MORE: https://agoracom.com/ir/BeauceGoldFields/forums/discussion/topics/752868-beauce-gold-fields-stakes-30-placer-to-hard-rock-gold-properties-more-than-150-samples-sent-for-gold-analysis/messages/2297438

Beauce Gold Fields $BGF.ca Completes Rang St-Gustave Trench Work; More than 100 Samples Sent to Laboratory $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM at 4:14 PM on Wednesday, January 6th, 2021
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  • Mechanized excavations of the overburden exposed the bedrock before it plunges deeper into the historical placer gold channel.
  • Geological mapping and structural study to the east and west of Rang St-Gustave road will provide requisite data to optimize the drill program

Montreal, Quebec–(Newsfile Corp. – January 6, 2021) – Beauce Gold Fields (Champs D’Or en Beauce) (TSXV: BGF) (“BGF”), is pleased to announce that it has completed its trenching and rock outcrop exploration program in the Rang St-Gustave sector of the gold property located in St-Simon-Les-Mines in the Beauce region of southern Quebec.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “The Rang St-Gustave area was the site of the only major placer mining and dredging operation in eastern North America. In this same sector, the company discovered a major geological fault which could explain, in part, the gold bearing structures.” Mr. Levasseur added: “The data provided by the survey and sampling of the trenches will better guide our future rock drilling program to uncover the source of the gold placers.”

Figure 1. Location of the trenches made in the St-Gustave sector and trajectory of the Yuba dredge used during the exploitation of the gold placer.

Read More:

https://agoracom.com/ir/BeauceGoldFields/forums/discussion/topics/752486-beauce-gold-fields-completes-rang-st-gustave-trench-work-more-than-100-samples-sent-to-laboratory/messages/2296370#message

Where Does Placer Gold Come From? SPONSOR Beauce Gold Fields $BGF.ca $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM at 2:00 PM on Friday, December 11th, 2020
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Beauce Gold Fields is focused on placer to hard rock exploration and discovery in the Beauce region of Southern Quebec. The the St-Simon-les-Mines Gold project is home to Canada’s first gold rush that pre-dates the Yukon Klondike that produced the largest gold nuggets in Canadian mining history (50oz to 71oz). Hosted along a 6 kilometer long placer channel, Beauce has identified a major Fault Line that coincides with an interpreted fault structure across the property. Evidence suggests the erosion of the Fault Line as a probable source of the historical placer gold channel. Click Here for More Info

If you are trying to find gold it helps to know where it came from.

gold-panning

To start with there is only one kind of gold.  Placer gold and lode gold both come from the same place and are made of the same stuff.  Gold is not actually formed on earth it was formed millions of years ago in distant stars.  In large stars, much larger than our sun elements are combined together in their cores through the process of nuclear fusion.  Our sun like all stars runs on fusion too but it does not have enough mass to produce atoms larger than carbon or oxygen.  Larger stars can generate the gravitational force and heat in their cores necessary to produce elements as heavy as iron.  To create things like gold even more energy is required and that takes place in a supernova.

SolarNebula

When a large star runs out of light matter the fusion reaction is no longer sustainable and the star begins to collapse on itself very rapidly.  The supernova collapse takes place in a matter of seconds.  While the star is collapsing it produces heat very rapidly and explodes in what is essentially a humongous nuclear bomb.  Supernova events are so bright and powerful that they are brighter than then entire galaxy that hosts the star.  This nuclear explosion allows for higher energy fusion reactions that can produce heavy elements like gold.  The explosion also scatters the newly created material over great distances.

Early Earth

So how did the star dust make it into the mountains and rivers on earth?  When our solar system began approximately 4.6 billion years ago it was a cloud of dust and gas called a nebula.  This nebula was composed of the remains from older stars that had spread their guts around the universe in supernova explosions.  The molecules of the nebula naturally pulled on each other by the force of gravity growing more and more dense.  As the nebula was collapsing in on itself it also started to spin faster and faster.  The condensing and spinning action formed the nebula into a disk, much like you spin dough into a pizza.  In the center where the force of gravity is the strongest a new star was created, our sun.  The swirling mass around the sun clumped together into the planets, moons, asteroid and comets that we see today.

The early solar system was different that it is today.  The big planets did not form all at once, it was a gradual process.  Small plantoids formed first and crashed and coalesced into each other to form larger planets.  In theory the distribution of gold was basically even in all the rocky material that made up the early solar system.  In the early earth, while it was still completely molten the heavy material (such as iron and precious metals like gold) all sunk to the center of the planet to form the core.  The process is similar to the way that dense material sinks to the bottom of your gold pan.  If you could mine the core you would be very rich but it would be very difficult with current gold mining equipment.  Current scientific theories estimate that there is enough gold in the core to cover the surface of the earth with a 4 meter thick layer of pure gold.

earth-core

We can only reach gold that is trapped in the crust of the earth.  The precious metals in the crust were put there by meteor bombardments that took place after the crust had formed.  As these meteorites crashed into the surface of the earth they disintegrated and mixed their material into the upper mantle.  The meteorite guts had the effect of enriching the amount of precious metals in the crust.

So we know where gold came from and how it was formed.  Stay tuned for a future post to learn how the gold formed into deposits in the mountains and streams that we mine.

SOURCE: https://www.westcoastplacer.com/where-does-placer-gold-come-from/

Beauce Gold Fields $BGF.ca Extends Trenching East of St-Gustave Road at the Starting Point of the 1960s Gold Dredging Operation $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM at 10:18 AM on Friday, November 6th, 2020
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Montreal, Quebec–(Newsfile Corp. – November 6, 2020) – Beauce Gold Fields (TSXV: BGF) (Champs D’Or en Beauce) (“BGF”), is pleased to announce that the Company has completed nine more trenches east of St-Gustave road around the site that was once the starting point of the 1960s gold dredging operation on the Company’s Beauce gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Quebec.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “The St-Gustave zone was the site of the largest placer gold dredging operation in eastern North America.” Mr. Levasseur further states, “We are the first exploration company to sample this historic gold anomaly.”

Figure 1. Location of St-Gustave Trenches and path of Yuba Dredge

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Figure 2. Aerial View of Lima Electric Dragline and Yuba Dredge 1962

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Active from 1958 to 1964, the Beauce Placer Company was the only major placer gold mining operation in eastern North America. To mine the deposit, the Company purchased a floating Yuba dredging plant. The four storey high, 800-ton dredge was dismantled in Idaho and transported in 25 train cars to the Beauce region. It was then assembled and floated in a dredge pit south of the Gilbert river just East of Rang St-Gustave road, around the site where BGF is currently trenching. A Lima Electric Dragline was used to strip the glacial till overburden. The Yuba dredged southward the placer gold channel from the pit to the middle of the Rang Chaussegros property.

Reference to the historical placer gold deposit does not comply with the CIM reporting standards National Instrument 43-101 for mineral resources or reserves and should not be relied upon. While the Company considers historical estimates and the calculated Gold Exploration Target* for the entire historical placer channel to be relevant to investors as it may indicate the presence of mineralization, the Company is not treating these historical estimates as a current mineral resource.

SHARES FOR DEBTS

In accordance with the agreement between BGF and Agora Internet Relations Corp., entered into on August 1, 2020 for the term ending July 31, 2021, BGF board has approved the issuance of 86,923 common shares at a deemed price of $0.13 per share to pay $11,300 for services rendered during the period ending October 31, 2020. Each share issued pursuant to the debt settlement will have a mandatory four (4) month and one (1) day holding period from the date of closing.

About Beauce Gold Fields

Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the Beauce region of Southern Quebec. The Company’s flagship property is the St-Simon-les-Mines Gold project site of Canada’s first gold rush that pre-dates the Yukon Klondike. The Beauce region hosted some of the largest historical placer gold mines in Eastern North America that were active from 1860s to the 1960s. It produced the largest gold nuggets in Canadian mining history (50oz to 71oz).

Comprising 152 contiguous claims and seven real estate lots, the project area contains a six kilometer long placer channel consisting of an unconsolidated gold-bearing auriferous units of a lower saprolite and an upper brown diamictite. The Company has calculated a Gold Exploration Target for the entire historical placer channel ranges between 61,000 ounces (2,200,000 m3 @ 0.87g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).

*Source: Beauce July 4th 2018[43-101 Report

The Company has identified a major Fault Line that coincides with an interpreted fault structure across the property. Evidence suggests the erosion of the Fault Line as a probable source of the historical placer gold channel.

Beauce Gold Fields website: www.beaucegold.com

Beauce Gold Fields $BGF.ca Pays off Property Mortgage in Full and Buys Back NSR on Company’s Historical Placer Gold Deposit $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca

Posted by AGORACOM at 3:17 PM on Wednesday, September 30th, 2020
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Montreal, Quebec–(Newsfile Corp. – September 30, 2020) – Beauce Gold Fields (Champs D’Or en Beauce) (TSXV: BGF), (“BGF”), is pleased to announce that the Company has paid in full the principal and interest on a mortgage for 176 acres of real estate and bought back a 1.5% Net Smelter Royalty (NSR) held over the historical placer gold deposit in the municipality of Saint-Simon-les-Mines in the Beauce region of Quebec.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “The reimbursement of the mortgage represents a significant savings to shareholders. Moreover, with respect to the NSR, our predecessor company (Uragold) was granted certificates of authorization in 2013 for trial mining a section of the placer gold channel. In the event of a potential mining operation, the NSR we purchased will represent another significant saving as well.”

Placer Channel & Fault Line

To view an enhanced version of this graphic, please visit:
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Reference to the historical placer gold deposit does not comply with the CIM reporting standards National Instrument 43-101 for mineral resources or reserves and should not be relied upon. While the Company considers historical estimates and the calculated Gold Exploration Target* for the entire historical placer channel to be relevant to investors as it may indicate the presence of mineralization, the Company is not treating these historical estimates as a current mineral resource.

During December 2018, the Company signed a real estate mortgage of $180,000, secured by the land with a net carrying amount of $204,346, bearing interest at compound rate of 18 % annually. On September 4, 2020, the Company reimbursed principal and interest.

The Company also had assumed the payment to a third party of a royalty of 1.5% of which, at the option of the company, 1% was redeemable for an amount of $1,000,000. The 1.5% royalty will be redeemed by the Company from the holder thereof by means of the issuance of 700,000 common shares of its capital stock representing the redemption price of $108,500. This transaction is subject to the TSX Venture Exchange approval

Modification To Stock Option Plan

Beauce Gold Fields Inc. announces that its Board of Directors has approved the modification of the total number of shares that may be issued pursuant to its stock option plan, increasing it by 1,480,000 shares from 1,900,000 shares to 3,380,000 shares and, as a result, the consolidation of its current stock options plan into the new 2020 stock options plan. The maximum number of common of shares that may be issued under the plan shall be equivalent to less than 10% of the issued and outstanding common shares of the Corporation. The modification is subject to regulatory approval and TSX Venture Exchange approval.

About Beauce Gold Fields

Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the Beauce region of Southern Quebec. The Company’s flagship property is the St-Simon-les-Mines Gold project site of Canada’s first gold rush that pre-dates the Yukon Klondike. The Beauce region hosted some of the largest historical placer gold mines in Eastern North America that were active from 1860s to the 1960s. It produced the largest gold nuggets in Canadian mining history (50oz to 71oz).

Comprising 152 contiguous claims and 7 real estate lots, the project area contains a six kilometer long placer channel consisting of an unconsolidated gold-bearing auriferous units of a lower saprolite and an upper brown diamictite. The Company has calculated a Gold Exploration Target for the entire historical placer channel ranges between 61,000 ounces (2,200,000 m3 @ 0.87g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).

*Source: Beauce July 4th 2018[43-101 Report.

The Company has identified a major Fault Line that coincides with an interpreted fault structure across the property. Evidence suggests the erosion of the Fault Line as a probable source of the historical placer gold channel.

Beauce Gold Fields website www.beaucegold.com