Local miner denies land given to Canadian company, initiates legal action

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Alerio Gold Corp. is a mineral exploration and development company in the business of acquiring, exploring, and developing natural resource properties, with a focus in Guyana. In contrast to information posted on their website, however, Alphonso said that he has not sold, leased or given up his rights to his land.

See below the full statement from Henry Alphonso:

Attention was adverted to an article in the Kaieteur News edition of 6th November, 2022 titled, “As another foreign company boasts of ‘gold fever in Guyana’” in which certain representations were attributed to a company, Alerio Gold Corp.

The representations suggest, inter alia, that the said Alerio Gold Corp. “entered into a property purchase agreement to acquire a 100% interest in five gold prospecting licenses in Guyana, known as the Puruni Gold Property.

Research conducted reveals that the said information was replicated from articles posted on the company’s website, www.aleriogold.com, which details the properties as follows:

Mining Permits:
1. A-14/MP/000
2. A-14/MP/001
3. A-14/MP/002
4. K-11-MP/000
5. K-7-MP/000

Prospecting Permit Medium Scale:
1. 574/2003 (File No. A298/001)

Inquiries at the Guyana Geology & Mines Commission have revealed that the said properties are still held by Henry Alphonso, who is a Guyanese miner involved in the extractive industry for over two decades.

Henry Alphonso is adamant that he has not sold, leased or in any other way alienated his rights, titles and interests held under the permits aforesaid.

In this regard, the permit holder has retained GUNRAJ & CO., Attorneys-at-Law, which has been instructed to take all necessary steps, including but not limited to, the following:

1. Communicate these developments to the local regulatory agencies, including the Guyana Geology & Mines Commission;
2. Communicate these developments to the Canadian regulatory agencies, including the Canadian National Stock Exchange on which the company is listed;
3. Explore litigation and alternative remedies against Alerio Gold Corp. in respect of the said representations.

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