VanGold Mining Corp. Increases Private Placement

VAN_NR_Jul.-22-2020-VanGold-Private-Placement-Upsize

July 22, 2020 – Vancouver, British Columbia –VanGold Mining Corp (the “Company” or “VanGold”) (TSXV:VGLD) announces that due to increased demand the Company has expanded the size of its non-brokered private placement financing announced July 21, 2020 (the “Financing”). The Financing will now consist of a total of 24,500,000 units (“Units”) at a price of $0.155 per Unit for gross proceeds of $3,797,500. Each Unit will
consist of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant a “Warrant”); with each Warrant entitling the holder to purchase an additional common share of the Company at a price of $0.25 within two years of closing, subject to acceleration in certain events. All other
terms of the Financing as announced on July 21, 2020 remain the same.

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