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Giyani Metals Corp. (EMM.V)

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Previous Close0.6800
Open0.7000
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52 Week Range0.0400 - 0.8700
Volume27,109
Avg. Volume178,449
Market Cap112.315M
Beta (5Y Monthly)1.84
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EPS (TTM)-0.0250
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    • Giyani Metals Corp.: Commencement of RotsDrill Drilling at the K.Hill Project, Botswana
      GlobeNewswire

      Giyani Metals Corp.: Commencement of RotsDrill Drilling at the K.Hill Project, Botswana

      Not for distribution to U.S. newswire services or for dissemination in the United States TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) ("Giyani" or the "Company") is pleased to announce the mobilisation of RotsDrill Explorations (“RotsDrill”), a local Botswana-based drilling services provider to site at the K.Hill project and the commencement of drilling in conjunction with the K.Hill reserve and K.Hill resource extension drilling. The Company has also signed a non-disclosure agreement (“NDA”) with a major electric vehicle (“EV”) producer. RotsDrill Commences Drilling at the K.Hill Project RotsDrill has commenced drilling at K.Hill in connection with the completion of the K.Hill infill drilling program (“K.Hill Infill Drilling Program”). RotsDrill will be responsible for the drilling of diamond drilling holes, which will be logged and sampled for geotechnical work and communition testing as part of the ongoing feasibility study at K.Hill. Following the K.Hill Infill Drilling Program, RotsDrill will step-out to the south of the K.Hill deposit, with a new exploration drilling program. As announced on February 9, 2021, this program will target a geophysical signature, which extends southwards from the existing K.Hill Mineral Resource. Dataroom Access Pursuant to seeking qualification as an authorised supply chain supplier, the Company has signed an NDA with a large global EV manufacturer, which is currently completing a due diligence review of the Company. Robin Birchall, CEO of the Company, commented: “I am delighted that RotsDrill has been able to mobilise in such a short time to accelerate the drilling at the K.Hill project. We look forward to rapid progress with the drilling at K.Hill”. About Giyani Giyani Metals Corp. is a mineral resource company focused on the development of its K.Hill, Lobatse & Otse manganese oxide projects in the Kanye Basin, Botswana, Africa. The Company's flagship K.Hill project is a near-surface deposit currently going through a feasibility study to produce high-purity electrolytic manganese metal and manganese sulphate, both key cathode ingredients for batteries in the expanding EV market. Additional information and corporate documents may be found on www.sedar.com and on Giyani Metals Corp. Website: https://giyanimetals.com/. On behalf of the Board of Directors of Giyani Metals Corp. Robin Birchall, CEO Contact:Robin Birchall CEO, Director+44 7711 313019rbirchall@giyanimetals.com Thomas HortonVP, Business Development+44 7866 913207thorton@giyanimetals.com Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons. Forward Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and forward-looking information herein includes completion of receipt of TSXV approval for the private placement and completion of the private placement. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements. Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com. GIYANI METALS CORP.www.giyanimetals.com TSXV:EMM

    • Giyani Announces Drilling Update, Exploration Program and Appointment of Additional Drilling Contractor at Flagship K.Hill Project in Botswana
      GlobeNewswire

      Giyani Announces Drilling Update, Exploration Program and Appointment of Additional Drilling Contractor at Flagship K.Hill Project in Botswana

      Figure 1 Map showing progress of drilling as of 8 February, 2021 Figure 2 Map of the geophysical signature overlaid with the planned 32 holes for the Step-out Exploration Drilling Program Not for distribution to U.S. newswire services or for dissemination in the United States TORONTO, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) ("Giyani" or the "Company") is pleased to announce the first set of assay results from the RC infill drilling program (“K.Hill Infill Drilling Program”), a new planned exploration program (“Step-out Exploration Program”), and the appointment of an additional drilling contractor at the K.Hill manganese project (“K.Hill”) in South Eastern Botswana. Update to K.Hill Infill Drilling Program The K.Hill Infill Drilling Program is designed to upgrade the current Inferred Mineral Resource to an Indicated Mineral Resource in order to achieve the Mineral Reserve status required in the ongoing feasibility study, expected later this year. Since the program commenced in November 2020, there have been some border logistics and administrative delays related to Covid-19 in Botswana. The program has, nonetheless, advanced and is now expected to be completed next month. Noticeable intercepts are as follows: From 15m4.0m @ 29.7% MnO (including 1.0m at 41.5% MnO)From 18m3.0m @ 30.8% MnO (including 1.5m at 35.1% MnO) For more information see Appendix 1. Step-out Exploration Program Upon completion of the K.Hill Infill Drilling Program, the Company will step-out to the south of the K.Hill deposit, with a new exploration drilling program. The program will target a geophysical signature, which extends southwards from the existing K.Hill Mineral Resource. This signature is a continuation of the gravity contrasts observed at K.Hill. The planned Step-out Exploration Program consists of 1,600m of RC drilling over 32 holes. It is expected to be completed within two months of the conclusion of the K.Hill Infill Drilling Program, subject to no additional Covid-19 restrictions. Drill spacings will be approximately 100m. For more information see Appendix 2. Appointment of Additional Drilling Contractor The Company has appointed RotsDrill Explorations (“RotsDrill”), a local Botswana-based drilling services provider to assist Stewardship Drilling (“Stewardship”) with the completion of the K.Hill Infill Drilling Program, as well as the Step-out Exploration Program. In addition, RotsDrill will be responsible for the drilling of diamond drilling holes, which will be logged and sampled for geotechnical work and communition testing as part of the ongoing feasibility study at K.Hill. The drilling contractor will be supported by the Company’s project management and geological services consulting company, Lambda Tau Botswana. Robin Birchall, CEO of the Company commented: "The first batch of near-surface results continue to build momentum at K.Hill as we work towards completion of the ongoing feasibility study and the future transition to project construction. Not only are these results in line with previous drilling results, but we can now look to extend the near-surface mineralization through a new Step-out Exploration Program, which is the first in a number of resource expansion programs we have planned for 2021. We expect to announce the commencement of the Otse campaign in due course. One of our priorities this year is extending the project life at K.Hill. Given some of the Covid-19 related delays we have experienced with our current drilling contractor, we decided to appoint locally-based RotsDrill. Working with Stewardship, we aim to speed up the completion of the K.Hill program, and then start on the Step-Out Exploration Program as soon as possible. As RotsDrill’s equipment and labour are locally sourced in Botswana, their appointment should significantly mitigate any additional unforeseen Covid-19 related disruptions going forward. In addition, the team at RotsDrill are familiar with K.Hill, as they were appointed by the Company for the original drill program two years ago.” Appendix 1 – K.Hill Infill Drilling Program Procedural Summary Drilling is conducted with a 127mm diameter Reverse Circulation bit. The primary sample is collected from the cyclone into a 50kg sample bag at 0.5m intervals. The primary sample is then split with a three-tier riffle splitter into a 3-5kg sub sample. The sub-sample is analysed on site by a portable X-ray Fluorescence analyser (XRF) to determine the mineralized interval. The mineralized interval is sampled together with 2m shoulder samples and QA/QC samples. These samples are then bagged in batches of 10 samples per polypropylene bag, marked and sealed with single use ties. The polypropylene bags are shipped for geochemical analysis by XRF after Borate Fusion, at SGS Laboratories in Randfontein, South Africa. Sample preparation and analysis is completed as per the standard ISO:9001 complaint XRF76C whole rock analysis sample preparation and analysis technique, offered by SGS Laboratories. Elements are reported as Total Oxides. Significant Intersections Hole numberInterceptGrade MnOFrom DepthComments RCKH20_0013.0m21.2%6m RCKH20_0033.0m33.0%15m(including 1.0m at 42.4% MnO)RCKH20_0053.0m27.5%13(including 1.5m at 36.8% MnO)RCKH20_0075.0m23.9%8m(including 0.5m at 43.9% MnO)RCKH20_0082.0m26.5%16m RCKH20_0104.0m29.7%15m(including 1.0m at 41.5% MnO)RCKH20_0113.0m30.8%18m(including 1.5m at 35.1% MnO) Figure 1. Map showing progress of drilling as of 8 February, 2021 https://www.globenewswire.com/NewsRoom/AttachmentNg/bc93a952-9c70-4ec4-84b1-ae3c7b621679 Drilling Highlights Holes completed:38 (42% program completion)Meters completed:1,237.5mHoles sampled:38Samples* collected:1,174 (incl. QA/QC samples)Samples* submitted for analysis:736Results received from SGS:368 *RC samples are taken in 0.5m intervals Appendix 2 – Step-out Exploration Program Figure 2. Map of the geophysical signature overlaid with the planned 32 holes for the Step-out Exploration Drilling Program. https://www.globenewswire.com/NewsRoom/AttachmentNg/3485b5d5-05c6-495a-92a9-72586b9ebc81 The map shows the planned drill locations (white stars) against the backdrop of the Residual filtered Bouguer Anomaly image taken from the ground gravity survey in 2018. About GiyaniGiyani Metals Corp. is a mineral resource company focused on the development of its K.Hill, Lobatse & Otse manganese oxide projects in the Kanye Basin, Botswana, Africa. The Company's flagship K.Hill Manganese Project is a near-surface deposit currently going through a feasibility study to produce high-purity electrolytic manganese metal and manganese sulphate, both key cathode ingredients for batteries in the expanding electric vehicle (EV) market. Additional information and corporate documents may be found on www.sedar.com and on Giyani Metals Corp. Website: https://giyanimetals.com/. About RotsDrill ExplorationsRotsDrill Explorations is a Botswana based drilling services provider with 15 years’ operational experience in Botswana. The company has a strong track record of delivering services to some of the country’s biggest mining operations, including Debswana. About Lambda TauLambda Tau Botswana is a locally based geological services and exploration consulting services provider, offering services across Southern Africa. For more information visit https://www.lambdatau.co.za About StewardshipStewardship Drilling is a Namibia-based drilling contractor, with a portfolio of experience working across Sub-Saharan Africa for clients such as Rio Tinto, De Beers, and the Paladin Group. . NI 43-101 Disclosures Mr. Luhann Theron, MSc., Pr.Sci.Nat. 400184/15 of Lambda Tau last visited the site in December 2020 and is a qualified person, as defined by National Instrument 43-101. Mr. Theron reviewed and approved the scientific and technical content contained in this press release but is not independent for the purposes of NI 43-101. On behalf of the Board of Directors of Giyani Metals Corp. Robin Birchall, CEO Contact:Robin Birchall CEO, Director+44 7711 313019rbirchall@giyanimetals.com Thomas HortonVP, Business Development+44 7866 913207thorton@giyanimetals.com Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons. Forward Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and forward-looking information herein includes completion of receipt of TSXV approval for the private placement and completion of the private placement. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements. Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

    • Giyani Announces Corporate and Operations Update for the K.Hill Manganese Project in Botswana
      GlobeNewswire

      Giyani Announces Corporate and Operations Update for the K.Hill Manganese Project in Botswana

      Not for distribution to U.S. newswire services or for dissemination in the United States TORONTO, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) ("Giyani" or the "Company") is pleased to provide an operations and corporate update for its K.Hill Manganese Project (“K.Hill”) in Southern Botswana. Robin Birchall, CEO of the Company commented: "We are very pleased to bring the market up to date on a number of operational and corporate activities. Concurrent to the ongoing K.Hill feasibility study, which is expected later this year, we are working on a further revision to the PEA. This updated version contains a modified, simpler processing strategy to produce HPMSM, rather than HPEMM as per the current PEA. The updated strategy is an end-market driven decision, which we believe is a positive development for K.Hill. We are also very happy with the results of the work conducted by Terravision at K.Hill and also the proof-of-concept study carried out at the Otse prospect.” Update on K.Hill Studies Concurrent to the ongoing feasibility study (“FS”), expected later this year, the Company is currently undertaking an update of the K.Hill preliminary economic assessment (PEA) to produce High Purity Manganese Sulphate Monohydrate (HPMSM), rather than High Purity Electrolytic Manganese Metal (HPEMM). The updated PEA released on 28 April 2020 (“2020 PEA”), assumed 100% production of HPEMM. The reason for the change is following feedback from independent market research, supported by direct discussions with potential end buyers. They have indicated that as the high purity manganese market grows, due to greater electric vehicle adoption, demand growth will be heavily skewed towards HPMSM. The revised PEA will also include an updated Mineral Resource estimate, following the ongoing drilling work completed to date and the results from an enhanced ground penetrating radar (“GPRplus™”) survey. Ground Penetrating Radar Geophysical Survey Complete In Q4 2020, the Company appointed Terravision Intelligent Exploration (“Terravision”) to conduct a GPRplus™ survey. The survey was used to quantify the extent of historically mined artisanal tunnels (“Historical Tunnels”) at K.Hill. This information is required for the K.Hill geological block model to determine the depletion factor to the Mineral Resource estimate. In addition, Terravision conducted a proof-of-concept study on Giyani’s Otse prospect, using GPRplus™ as a low cost, rapid-feedback exploration tool. This is because the near-surface manganese oxide mineralization at Otse, unlike that of K.Hill, occurs in high grade pods. The results from the proof-of-concept study at Otse clearly identified the density differences between the mineralisation and the lower density host rock. Following these positive results, the Company plans to initiate a GPRplus™ survey across the wider Otse prospect area. The results of this survey will be used to better inform the forthcoming drill program planned for Otse. The Company will update the market on this in due course. Appointment of Hydrometallurgical Laboratory The Company has appointed both Mintek and Vietti Slurrytec to conduct hydrometallurgical (“Hydromet”) laboratory work, pursuant to the FS workstreams. The samples for the Hydromet work were drilled in Q4 2020 during the K.Hill infill drilling program. All samples have been bagged and shipped to Mintek in Johannesburg, South Africa. Mintek will cover all stages of the Hydromet work, except for the solid-liquid separation analysis, which will be conducted by Vietti Slurrytec. Completion of both workstreams is expected in Q2 2021. Dataroom Access Pursuant to seeking project financing in due course, the Company has signed an NDA with a large global commercial lending bank institution which is currently accessing the Company’s dataroom. Update on Rock Island Sale As previously announced in relation to the Company’s disposal of its non-core gold assets in South Africa, Giyani agreed to acquire all of the shares it did not own in Lexshell 837 (Pty) Ltd. in order to consolidate 100% ownership in that company. The final installment of 832,666 common shares of Giyani was conditional on the completion of the sale of its South African gold assets to Corridor Mining Resources Proprietary Limited (“CMR”), which has not yet been completed. As that sale remains pending, Giyani and the Lexshell vendor have agreed to complete the Lexshell sale for a cash consideration of C$45,000 as a full and final settlement in lieu of the issuance of Giyani common shares. Giyani continues to pursue the outstanding ZAR6,370,031 owed to the Company by CMR, of which ZAR300,000 has been received so far in staged payments. About GiyaniGiyani Metals Corp. is a mineral resource company focused on the development of its K.Hill, Lobatse & Otse manganese oxide projects in the Kanye Basin, Botswana, Africa. The Company's flagship K.Hill Manganese Project is a near-surface deposit currently going through a feasibility study to produce high-purity electrolytic manganese metal and manganese sulphate, both key cathode ingredients for batteries in the expanding electric vehicle (EV) market.] Additional information and corporate documents may be found on www.sedar.com and on Giyani Metals Corp. Website: https://giyanimetals.com/. About TerravisionTerravision Intelligent Exploration is a UK based private exploration services company, who is a leader in the use of enhanced ground penetrating radar, known as GPRplus™, in mineral exploration. GPRplus™ is a ground-scanning device, which verifies and investigates the presence of mineral resources and geological features, by detecting differences in ground density, up to a depth of 200m. For more information visit https://www.terravisionradar.com/mining About MintekMintek is South Africa’s national mineral research organisation and is one of the world’s leading specialists in mineral processing, extractive metallurgy, and related areas. Mintek works closely with industry and other R&D institutions and provides service testwork, process development and optimisation, consulting and innovative products to clients worldwide. For more information visit https://www.mintek.co.za About Vietti SlurryTecVietti Slurrytec are metallurgical specialists in dewatering and separation of clay containing slurries. For over 25 years, the company has worked to provide suitable process design and control philosophy to improve process efficiency and lower operation costs for its clients. For more information visit https://www.viettislurrytec.com/ On behalf of the Board of Directors of Giyani Metals Corp. Robin Birchall, CEO Contact:Robin Birchall CEO, Director+44 7711 313019rbirchall@giyanimetals.com Thomas HortonVP, Business Development+44 7866 913207thorton@giyanimetals.com Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons. Forward Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and forward-looking information herein includes completion of receipt of TSXV approval for the private placement and completion of the private placement. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements. Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.