Portofino Resources Inc.

Portofino Resources Inc. is pleased to announce it has mobilized its exploration team to its South of Otter Project. The team is at site now and is focusing on the recently discovered geophysical anomalies and outcrops of sulphide mineralization. The work program includes additional prospecting, detailed structural mapping, and outcrop channel sampling based on conductors identified in the Company's Geophysical survey [...]

Claims along strike of the historic Sapawe Gold mine Portofino Resources Inc. is pleased to announce it has executed a binding agreement to acquire 3 claims totaling 1,147 hectares in the Steep Rock Greenstone Belt of northwestern Ontario. The Sapawe West Property is located in McCaul Township 9 kilometers northeast of Atikokan, Ontario. The Property lies within the Steep Rock Greenstone Belt just north of the Quetico [...]

HIGHLIGHTS: Located 60 kilometers west of Thunder Bay, Ontario; Historic drill holes including 2.3 g/t gold over 8 meters with visible gold in core; Historic multi-ounce gold grab samples; and Close to excellent infrastructure including CN railway, hydro lines, and paved highway. Portofino Resources Inc. is pleased to report it has executed a binding option agreement for the right to acquire a 100% interest in the Gold [...]

Portofino Resources Inc. is pleased to report that it has received results from its 19-line kilometer winter geophysical program. The program consisted of a Very-Low Frequency Electromagnetic survey. This survey method is widely used in gold exploration and has been proven effective in delineating geological contacts and mineralized shear zones in the Red Lake Mining Camp and along the Confederation Lake greenstone belt [...]

Portofino Resources Inc. reports that it has been oversubscribed on its previously announced $300,000 non-brokered private placement and closed on $332,500 priced at $0.05/Unit. Portofino insiders subscribed for 2 million units. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at [...]

Portofino Resources Inc. reports that due to overwhelming interest in its previously announced, oversubscribed $550,000 private placement, the Company announces a $300,000 placement consisting of up to 6 million Units priced at $0.05/Unit. Portofino insiders intend to subscribe for a minimum 2 million units. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is [...]

Portofino Resources Inc. reports that it has been oversubscribed on its previously announced $500,000 non-brokered private placement and closed on $550,000 priced at $0.035/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at an exercise price of $0.05. Proceeds from this [...]

Portofino Resources Inc. reports that it is amending the pricing of its previously announced non-brokered private placement for up to $500,000 to $0.035/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at an exercise price of $0.05. Proceeds from this financing shall be [...]

Portofino Resources Inc. wishes to announce that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual General Meeting held Tuesday March 31, 2020, including: The number of Directors for the Company was set at three. The three members elected to the Board of Directors include: David G. Tafel, Stephen J. Wilkinson and Kenneth A. Cawkell. Manning Elliott LLP [...]

Portofino Resources Inc. reports that given the extreme market volatility in world equity markets, the Company is doing everything it can to meet these very challenging conditions. Portofino is following government and health official guidelines and in keeping with physical distancing recommendations, taking precautions to minimize health risks to all stakeholders. Despite a difficult economic environment, the investing [...]