TORONTO, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Toubani Resources Inc (TSX-V: TRE, OTC: AGGFF, FRA: 3A61) (“TRE” or the “Company”) announces that, subject to the receipt of final approval from the TSX Venture Exchange (the “TSXV”), it has retained Jane Morgan Management Pty Ltd. (the “Consultant”), an Australian advisory firm, to provide investor and media relations services on a non-exclusive basis (the “Consulting Agreement”). The purpose of the Consulting Agreement is to raise awareness for the Company within the global investment community.

Danny Callow, Chief Executive Officer of Toubani Resources Inc comments:
“We are pleased to have Jane Morgan Management on board who bring an impressive track record in investor relations activities in Australia and the Far East. As we move to a dual listing onto the ASX, a partnership with a company the calibre of Jane Morgan Management is essential to assist us in communicating our very exciting story to a wider audience. We are looking forwards to the networking and marketing opportunities that Jane Morgan Management will create and believe that this is another positive step in our Company’s strategic direction.”

The Consultant has been engaged at a rate of CAD$7,500 per month for an initial three-month period, after which the rate will be reviewed. The Consulting Agreement is for an initial term of three months which thereafter will automatically extend on a month-to-month basis unless terminated earlier at any time by a party with 30 days prior written notice. Neither the Consultant nor any of its directors, officers or employees have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

Please contact Daniyal Baizak at the email address given below or at the phone number provided if you have any queries about the Consulting Agreement.

About Toubani Resources Inc.

Toubani Resources is a TSX Venture Exchange (TSX-V: TRE) listed exploration and development company with a focus on building Africa’s next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production.

Toubani Resource’s principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development after having completed a 2021 definitive feasibility study. For more information regarding Toubani Resources visit our website at www.toubaniresources.com.

For more information:

Danny Callow
President & Chief Executive Officer
+ (27) 76 411 3803
[email protected]

Daniyal Baizak
Vice President, Corporate Development
+1 (647) 835 9617
[email protected]

Cautionary statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the completion of the Consulting Agreement, the receipt of regulatory approvals, the estimated completion time of the Consulting Agreement, the estimated term of the Consulting Agreement, the expansion of mineral resources and reserves, and drilling and exploration plans of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals from the TSX-V and Canadian regulatory authorities; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages; available infrastructure and supplies; the COVID-19 pandemic and other risks of the mining industry. Although AGG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.