Crucero to be Acquired by GoldMining

Mergers, Acquisitions & Divestitures
Transaction Details

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Fort Capital Partners is pleased to announce that Lupaka Gold Corp (“Lupaka”) (TSX-V:LPK) has signed a definitive agreement to sell the Crucero Gold Project to GoldMining Inc. (“GoldMining”). The Crucero Gold Project is located in southern Peru, 150km Northeast of the city of Juliaca, and has an indicated mineral resource of over 1.0 million ounces.

Lupaka is a Peru-focused gold explorer and developer with geographic diversification and balance through its interest in asset-based resource projects across three regions of Peru. Lupaka is advancing its Invictus project into production and plans further exploration on its Josnitoro project. Upon closing of the transaction Lupaka will be fully funded to bring its Invicta Gold project into production.

Fort Capital Partners acted as financial advisor to Lupaka in connection with the transaction.

About Lupaka Gold – Lupaka Gold is a Peru-focused gold explorer and developer with geographic diversification and balance through its interest in asset-based resource projects spread across three regions of Peru. Lupaka’s projects include Invicta Gold Project, Josnitoro Gold Project and Crucero Gold Project For more information, visit www.lupakagold.com

About GoldMining – GoldMining is a public mineral exploration company focused on the acquisition and development of gold projects in Colombia and other regions of the Americas.  GoldMining is advancing its Titiribi and La Mina Gold-Copper Projects located in the Department of Antioquia, Colombia, its Cachoeira and São Jorge Gold Projects located in the State of Pará, northeastern Brazil, its Whistler Gold-Copper Project located in the State of Alaska, United States of America, and its Rea Uranium Project in the western Athabasca Basin in northeast Alberta, Canada. For more information, visit www.goldmining.com.