Corvus Gold announces intention to delist from NASDAQ Capital Market

VANCOUVER, British Columbia, Jan. 7, 2022 (GLOBE NEWSWIRE) – Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, NASDAQ: KOR) announces that it has announced its intent to NASDAQ has voluntarily delisted all of its securities from the Nasdaq Capital Market (“NASDAQ”), assuming that the closing conditions of the previously announced draft agreement (the “Agreement”) between Corvus, 1323606 BC Unlimited Liability Company, and AngloGold Ashanti Holdings have been met ., including the approval of the agreement by the British Columbia Supreme Court and receipt of final order and successful completion of the transaction. Upon completion of the agreement, the company will become a wholly-owned indirect subsidiary of AngloGold Ashanti Limited. The company has filed a notification with NASDAQ of its delisting and will, upon completion of the agreement, file a Form 25 with the Securities and Exchange Commission (the “SEC”) regarding the delisting of its common stock on or about January 18, 2022. The Company expects the delisting of its common stock to take effect [10] Days after filing or January 28, 2022. The expected effective date may be delayed if the SEC postpones the effectiveness of the delisting request for other reasons. Simultaneously with the delisting from NASDAQ, the Company intends to file Form 15 with the SEC to terminate registration of its common stock under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) and suspend its reporting obligations to the SEC. The company anticipates that its obligation to file reports with the SEC will be suspended immediately upon filing its Form 15 effectiveness.

As previously reported, Corvus shareholders and option holders voted overwhelmingly in favor of the resolution approving the agreement at the company’s special meeting on January 6, 2022. ) of the company dated November 25, 2021, and the voting results of the agreement are available on Form 8-K filed on January 7, 2022, available under Corvus’ profile on both SEDAR and EDGAR.

About Corvus Gold Inc.

Corvus Gold Inc. is a North American gold exploration and development company focused on its near-term gold-silver mining project in the North Bullfrog and Mother Lode counties of Nevada. Corvus is committed to increasing shareholder value through new discoveries and the expansion of its projects to maximize leverage on stock price in an evolving gold and silver market.

In favor of
Corvus Gold Inc.

(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
President & Chief Executive Officer

Contact information:

Ryan Ko
Investor Relations
Email: [email protected]
Phone: 1-844-638-3246 (toll free) or (604) 638-3246

Forward-Looking Statements

Certain statements and information contained herein are not based on historical facts and constitute “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of US securities laws (collectively, “forward-looking information”). Such forward-looking information includes the anticipated time that Corvus will file a final order with the British Columbia Supreme Court, the anticipated completion and delisting from the TSX and NASDAQ, and the cessation of the reporting issuer in Canada and the United States. Forward-looking information is provided to help readers understand Corvus’ views on its short and long-term prospects, and can usually refer to words and phrases about the future such as “outlook”, “may”, “estimates”, “intended” to be identified. , “Believes”, “planet”, “anticipates” and “expects”. Forward-looking information is not a promise or guarantee of future performance; it represents Corvus’ current views and actual results could differ materially from those indicated in the forward-looking information. Readers are cautioned that forward-looking information may not be suitable for other purposes. Corvus assumes no obligation to update or revise any forward-looking information contained herein, except as required by securities laws. The forward-looking information contained herein is based on a number of assumptions that could prove materially incorrect. These assumptions include: assumptions about Corvus’ ability to obtain necessary judicial and regulatory approvals in a timely and satisfactory manner; and the ability of the parties to timely meet the conditions for entering into the agreement. Although the company’s management believes that the assumptions and expectations represented by such statements are reasonable, no assurance can be given that the forward-looking information contained herein will prove to be accurate. Actual results and developments may differ materially from the forward-looking or implied results and developments contained herein, and even if such actual results and developments are realized or materially realized, there can be no guarantee that they will have the expected consequences or effects. Factors that could cause actual results to differ materially from current expectations include: changes in the price of gold and silver; general business, economic, competitive, political, regulatory and social uncertainties; Risks related to rising operating costs and related inflationary pressures; the risk factors otherwise described in the circular; and the risks set out under “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2021 and in the Quarterly Report on Form 10-Q for the period ended August 31, 2021. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty.

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