Toronto, Ontario--(Newsfile Corp. - April 17, 2025) - E2Gold Inc. (TSXV: ETU) (OTCQB: ETUGF) reports that the Hawkins Property option agreement, covering a portion of E2Gold's 80 km long Hawkins property package, has been terminated. E2Gold retains zero interest in those optioned claims, but still maintains a sizable claim group in the greenstone belt.
Eric Owens, President and CEO, commented, "In addition to poor market conditions for junior gold explorers in recent years, drill results to-date in and around the McKinnon Zone Resource have not inspired market support. This has resulted in fewer funds available for us to conduct needed exploration."
E2Gold has identified numerous gold and base metal targets on its staked claims that warrant further exploration. These targets will be the primary focus of our upcoming endeavours.
Additionally, E2Gold is conducting a comprehensive review of its business strategies and is engaged in discussions to explore alternative project opportunities, including specific merger and acquisition scenarios.
ABOUT E2GOLD INC.
E2Gold Inc. is a Canadian gold exploration company with a large flagship property in north-central Ontario, about 140 km east of the Hemlo Gold Mine, and 75 km north of the Magino and Island Gold Mines.
For further information please contact:
| Eric Owens | Jeff Pritchard |
| President and CEO | VP Corporate Development |
| Eric.Owens@e2gold.ca | info@e2gold.ca |
| +1 647 699 3340 |
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of E2Gold, including with respect to the receipt of all regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248978
SOURCE: E2Gold Inc.
