Urgent NIA Update

Fiore Gold (TSXV: F) has just announced that commissioning of the primary crushing circuit at its 100% owned Pan Gold Mine in Nevada has commenced, with all equipment installed and operational and the first ore put through the circuit on June 25th, 2019. According to Fiore's CEO Tim Warman, "with the circuit operating we should see higher gold production through increased gold recoveries as well as improved mining efficiency as we mine to stockpiles rather than having to blend rock and clay ore directly on the leach pad.”

At the present ore mining rate of 14,000 tons per day, the crushing circuit will produce an estimated 6,000-7,000 additional gold ounces per year! Fiore's fiscal 4Q 2019 begins on Monday and we expect Fiore to have its strongest quarter in history in every single metric! NIA estimates that with the crushing circuit, Fiore Gold will produce 50,000 oz of gold over the next 12 months! Based on the current gold price of $1,410 per oz, Fiore Gold will likely generate revenue over the next twelve months of USD$70.5 million or CAD$92.3 million!

If we are right, the median enterprise value/revenue ratio for Nevada Gold Miners of 2.29 will value Fiore Gold (TSXV: F) at $2.27 per share!

Up until now, Fiore's Pan Gold Mine has been a Run of Mine operation where blasted ore is hauled from the pit and placed directly on the leach pad in its natural, unprocessed state. In a 2011 feasibility study paid for by the previous owner of the Pan Gold Mine, the mine plan called for the blasted ore to be crushed then transported to the heap leach via overland conveyor. Based on a very conservative gold price of $1,200 per oz and expected recoveries of 85% from the South pit and 65% from the North pit, the Pan Gold Mine was given a net present value of USD$123 million or CAD$161 million. Today, an enterprise value of CAD$161 million would value Fiore Gold at $1.76 per share but remember gold is now $1,410 per oz!

This weekend, NIA will be comparing Fiore Gold's current valuation per oz of proven & probable gold reserves to every other publicly traded Nevada Gold Miner to show why we are 100% certain Fiore Gold will explode to well above $1 per share in the very near future!

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