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To: Goose94 who wrote (57834)4/16/2019 9:29:22 AM
From: Goose94Read Replies (1) | Respond to of 203630
 
California Gold Mining (CGM-Cse) gap up @ open



To: Goose94 who wrote (57834)5/7/2019 10:09:05 AM
From: Goose94Read Replies (3) | Respond to of 203630
 
California Gold Mining (CGM-Cse) Acceleration of Warrant Expiry Date

May 7, '19 - NR

California Gold Mining announced today that it is accelerating the expiry date of all outstanding common share purchase warrants (the "Warrants") of the Company issued pursuant to the financings of the Company that were completed on March 12, 2018, April 28, 2018, August 14, 2018 and August 30, 2018.

Pursuant to the terms of the certificates evidencing the Warrants, the Company may accelerate the expiry date of the Warrants in the event that the closing price of the issued and outstanding common shares of the Company ("Common Shares") is equal to or greater than $0.60 per Common Share for a period of 10 consecutive trading days (the "Acceleration Trigger").

The Company confirms that as of the close of markets on May 6, 2019, the Acceleration Trigger had occurred. In accordance with the terms of the certificates evidencing the Warrants, the Company will be providing written notice to the Warrant holders of the Acceleration Trigger. Accordingly, the Company confirms that the Warrants are now set to expire at 5:00 p.m. (Toronto time) on June 6, 2019, being the 30th day following the date of the notice (the "Early Expiry Date"). Any Warrants remaining unexercised after the Early Expiry Date will be cancelled.

As of the close of market on May 6, 2019, a total of 5,591,000 Warrants of the 5,931,000 Warrants originally issued had yet to be exercised. Each Warrant is exercisable into one Common Share at a price of $0.50 per Common Share. Accordingly, if all of the outstanding Warrants are exercised, gross proceeds to the Company will total $2,795,000.

About California Gold Mining Inc.

California Gold Mining Inc. is focused on continued development of a high-quality gold resource on its 100%-owned Fremont Property in Mariposa County, California. The property consists of an entirely private and patented land package totaling 3,351 acres of historically producing gold mines, with a state highway, PG&E electric substation and abundant water present on the property itself. The property lies within California's prolific Mother Lode Gold Belt that has produced over 50 million oz of gold. The Company purchased the property in March 2013.

The Company is also investigating establishing greenhouse-based propagation of high-CBD industrial hemp seed on the Fremont Property, the cash flow from which could be used to continue development of its gold business, with less dilution for shareholders.

The Company's technical report in respect of the Fremont Property prepared pursuant to National Instrument 43-101 is available on SEDAR at www.sedar.com and on the Company's website at www.caligold.ca.

For further information contact:

Vishal Gupta, President & CEO
Tel.: 647-977-9267 x333 | Website: www.caligold.ca