Algold Grants Deferred Share Units
Montreal, August 29, 2018 - Algold Resources Ltd. (ALG: TSXV - the "Corporation") announces that, as part of its ongoing quarterly director compensation program, the Corporation has granted 217,859 deferred share units ("DSUs") to its directors at a price of $0.56 each. These issuances were made under the Corporation's DSU Plan. ABOUT ALGOLD
Algold Resources Ltd. is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa.
Algold is developing the Tijirit Gold Project, which represents an area of more than 750 km2, comprise of the Tijirit Exploitation License of 306 km2 and of the Tijirit East Exploration License of 460 km2, situated approximately 25 kilometers southeast of the Tasiast gold mine. Exploration is being carried out on the Eleonore, Sophie I, Sophie II-III, Lily and Salma zones.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
1320, boul. Graham, bureau 132, Mont-Royal, Quebec, H3P 3C8, www.algold.com
Benoit LaSalle, FCPA, FCA Alex Ball
Chairman and Chief Executive Officer Executive VP, Finance and Corporate Development
b.lasalle@algold.com a.ball@algold.com
+1 (514) 951-4411 +1 (647) 919 2227
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