TOM Amilot Capital Inc

Tolima Gold Inc. ("Tolima" or the "Company") (TSX VENTURE:TOM) provides the
following update with respect to the Wolverine Minerals Corp. ("Wolverine")
acquisition of an interest (the "Transaction") in Remedios Gold Holdings S.A.,
pursuant to a share purchase agreement dated December 4, 2013 (the "Agreement").
As a condition of the Agreement, Wolverine had up to 60 days to complete its due
diligence with respect to the Transaction. The parties have mutually agreed to
extend the due diligence period by thirty (30) days. 


Disclaimer for Forward-Looking Information 

Certain statements in this release are forward-looking statements, which reflect
the expectations of management of Tolima regarding the Transaction.
Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions
regarding the future, and include discussion of what the parties must do to
complete the Transaction. Such statements are subject to risks and uncertainties
that may cause actual results, performance or developments to differ materially
from those contained in the statements. No assurance can be given that any of
the events anticipated by the forward-looking statements will occur or, if they
do occur, what benefits Tolima will obtain from them. These forward-looking
statements reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect. A
number of risks and uncertainties could cause actual results to differ
materially from those expressed or implied by the forward-looking statements,
including: (1) the occurrence of any events that prevent the parties from
performing the acts necessary to complete the Transaction, including Wolverine
being unsatisfied with the results of its due diligence investigation; (2)
current economic conditions and the state of mineral exploration and mineral
prices in general; and (3) other factors beyond the parties' control. These
forward-looking statements are made as of the date of this news release and
Tolima assumes no obligation to update these forward-looking statements, or to
update the reasons why actual results differed from those projected in the
forward-looking statements, except in accordance with applicable securities
laws. Additional information about Tolima and these and other assumptions, risks
and uncertainties, are available in its public filings with Canadian securities
regulators, available under its profile on SEDAR at www.sedar.com. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tolima Gold Inc.
Andrew DeFrancesco
(416) 362-4441


Tolima Gold Inc.
Lisa-Marie Iannitelli
(416) 362-4441

Amilot Capital (TSXV:TOM)
Historical Stock Chart
From Apr 2024 to May 2024

Amilot Capital (TSXV:TOM)
Historical Stock Chart
From May 2023 to May 2024