BELO HORIZONTE, BRAZIL –(August 18, 2020) -Jupiter Gold Corporation(OTCQB: JUPGF, “Jupiter Gold”or the “Company”) is pleased to announcethat it has concluded an initial phase of geological studies of its Alta FlorestaGold Project located in the state of Mato Grossoin center-west Brazil. This project is 100% owned by Jupiter Gold and encompasses 3 mineral rights for gold with total surface area of approximately24,395 acres. Two of the areas showsintense tracks with priorartisanal and superficial gold mining activitiesassociated with robustproductionofgold.They also displayed similarities of their geophysical signatures withknown nearby gold deposits.The third area shows strong potential for gold, copper and manganeseaccording to the technical team that visited and studied the area; AngloAmerican has recently announced a large copper project nearby. Areli Nogueira, a senior geologist withthe Company, commented: “Our Alta Floresta Gold Project is showing indications of being a potentially promising locationfor gold.One of our areas is next to a producing gold mineand with the studies just completed,we havenow identified severalhigh potential targets in ourareas.”The aforementioned mineral rightsare geologically located in the mining districtknown as “Província Aurífera Alta Floresta”or Alta Floresta Auriferous Province. Thisregion showsoccurrenceof gold deposits of both epithermal gold andporphyrytypes, as well asdepositswith widespread gold mineralizationin stockworks sheeted veinsand sulfide granites.
Jupiter Gold’s next phase ofwork in its Alta Floresta Gold Project will include detailed geochemical sampling via auger drilling and/or trenching in several high prospect targets, as well as further geophysicalstudies giventhat the project area is extensive
Jupiter Gold Corporation (OTCQB: JUPGF) has 100%-ownership in several gold projects aggregating over 154,000 acres in Brazil in the development and exploratory stages. More information on Jupiter Gold is available at www.jupitergoldcorp.com. Follow it on Twitter: @JupiterGoldCorp
Safe Harbor Statement
This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Jupiter Gold Corporation’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Jupiter Gold Corporation’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. We advise U.S. investors that its projects, as of now, do not have measured “reserves” as such term is specifically defined by the Securities and Exchange Commission.