Leagold Mining Announces Intention to Commence Shareholder Supported Take-Over Bid for Brio Gold to Create a 450,000 Ounce Per Year Gold Producer, With Significant Growth Potential

2018-01-23—Leagold–NR

Vancouver, January 23, 2018 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) is pleased to announce that it intends to make an offer (the “Offer”) to acquire all of the issued and outstanding shares (the “Brio Shares”) of Brio Gold Inc. (“Brio”) on or before February 28, 2018. Pursuant to the Offer, holders of Brio Shares will receive 0.922 of a share of Leagold for each Brio Share held, representing an implied price of C$2.80 per Brio Share and total consideration for all of the issued and outstanding Brio Shares of approximately US$264 million, based on the 5-day volume weighted trading price of Leagold shares on the Toronto Stock Exchange (the “TSX”).

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