Teranga Gold Acknowledges Discussions

Teranga Gold Acknowledges Discussions

TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) — Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ) (OTCQX: TGCDF) acknowledges that it is in discussions with Endeavour Mining Corporation regarding a potential merger of equals structured transaction (the “Proposal”).

There can be no assurance that the Proposal will ultimately result in a completed transaction. Teranga intends to provide updates if and when necessary in accordance with applicable securities laws.

Teranga remains focused on the development of its strong growth pipeline of assets, as the Company strengthens its position as a low-cost, mid-tier gold producer in West Africa. Teranga’s strategy is to maximize shareholder value by increasing sustainable long-term free cash flow through diversification and growth while remaining fiscally conservative.

Forward-Looking Statements This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"), which reflects management’s expectations regarding Teranga’s future growth opportunities, results of operations, […]

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