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FenixOro updates link for webinar today at noon EDT, increasing capacity

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TORONTO, May 18, 2022 (GLOBE NEWSWIRE) — FenixOro Gold Corp (CSE: FENX, OTCQB: FDVXF, Frankfurt: 8FD) is pleased to announce that it has increased capacity for its webinar today and posted an updated link below. The webinar will provide investors with a company update and a general overview of the success the company has had to date with its Phase 2 drilling program. FenixOro CEO John Carlesso and VP Exploration Stuart Moller will host the meeting.

When: May 18, 2022 12:00 PM Eastern Daylight Time

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Subject: FenixOro Investor Webinar May 18, 2022

Pre-register for this webinar: https://us06web.zoom.us/webinar/register/WN_izFwpJY_QCilBTSybBqBaA

After registration you will receive a confirmation email with information about participating in the webinar.

About FenixOro Gold Corp.
FenixOro Gold Corp. is a Canadian company focused on acquiring and exploring gold projects with world-class exploration potential in the most productive gold producing regions of Colombia. FenixOro’s flagship project, the Abriaqui project, is located 15 km west of Continental Gold’s Buritica project in the state of Antioquia at the northern end of the Mid-Cauca gold belt, a geological trend that has seen several major developments over the past 10 years. gold finds including Buritica and Anglo Gold’s Nuevo Chaquiro and La Colosa.

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As documented in “NI 43-101 Technical Report on the Abriaqui Project Antioquia State, Colombia” (December 5, 2019), the geological features of Abriaqui and Buritica are similar. The report also documents the high gold content in Abriaqui with samples taken from 20 of the veins testing more than 20 g/t gold. grade, “Buritica style” gold deposit. A phase 2 drilling program has recently started.

FenixOro’s VP of Exploration, Stuart Moller, led the exploration team at Buritica for Continental Gold in 2007-2011. At the time of the last public report, the Buritica mine contains measured plus declared sources of 5.32 million ounces of gold (16.02 Mt, classification 10.32 g/t) plus an inferred source of 6.02 million ounces (21 .87 Mt, rating 8.56 g/t) for a total of 11.34 million ounces of gold resources. Buritica began formal production in November 2020 and expects an annual average production of 250,000 ounces at a total cost of approximately US$600 per ounce. Resource, cost and production data is from Continental Gold’s “NI 43-101 Buritica Mineral”
Source 2019-01, Antioquia, Colombia” (March 18, 2019). Continental Gold was recently the subject of an acquisition by Zijin Mining in a cash transaction valued at C$1.4 billion.

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Forward-looking information
This press release contains certain forward-looking information. All statements contained herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated from such information. In particular, this press release contains forward-looking information about the potential economic significance of drilling results at the Abriaqui project, conclusions about the resource potential derived from that data set, and implied assumptions regarding the potential future economic viability of the gold grades and vein thicknesses reported. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated from such information. While FenixOro has no reason to believe otherwise, there can be no assurance that the planned drilling program will be completed as uncertainties exist regarding future project funding and future environmental permits. While FenixOro has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be additional factors that could cause results not to be as expected, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.

FenixOro Gold Corp
John Carlesso, CEO
Email: info@FenixOro.com

Website: www.FenixOro.com

Phone: 1-833-ORO-GOLD

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