News Bureau

May 14, 2022

Steppe Gold ramp up of production

Steppe Gold Limited provided an operations update for April 2022 and that said, Steppe Gold continues its ramp up of production following the recent restart in March and can report that gold production in 2 pours in April totalled approximately 3,350 oz to March 2022 of 1,532 oz pouring. Reagent shipments continued uninterrupted in April and the process of restocking the reagent storage facility is ongoing.

Mining and stacking activities are on plan for the month with Cell 4 stacking nearly complete. The final cell, #5, of the first lift, will be complete by late summer, after which stacking of the second lift will commence. The new crushing unit will be operational in the summer, allowing acceleration of stacking activities.

President and CEO of Steppe Gold, Bataa Tumur-Ochir commented, "We are very pleased to report continued ramp up of production at the ATO Gold Mine. All activities at site are running well and we look forward to a successful year of gold and silver production, and regular updates on our very exciting Phase 2 Expansion."

On a special message CEO said, The Steppe Gold team recently celebrated the 4th anniversary of our IPO on the TSX. In the special message, our CEO, Bataa Tumur-Ochir, congratulates the Steppe team and expresses sincere gratitude to our partners and shareholders for their support.


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