Altamira Gold Corp. press release

Director/PDMR Shareholding

2021-05-13

TSXV - TSX Venture Exchange · Gold · Copper · Canada · Regulatory Filings

Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities (PDMRs)

TORONTO, ON / ACCESSWIRE / May 13, 2021 /AEX Gold Inc. (AIM: AEXG)(TSXV:AEX) announces that on May 13, 2021 it was informed that a number of its directors have acquired a total of 418,750 common shares of no par value in the Company at an average price of C$0.512 or 30.21p.

| Director | Common Shares Acquired | Resulting

Holding | % Issued

Share Capital | | Eldur Olafsson | 100,000 | 8,006,385 | 4.52 | | Graham Stewart | 100,000 | 2,043,058 | 1.15 | | George Fowlie | 25,000 | 269,000 | 0.15 | | Jaco Crouse | 93,750 | 100,000 | 0.06 | | Sigurbjorn Thorkelsson | 100,000 | 6,727,834 | 3.80 |

| |

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

| 1. | Details of the person discharging managerial responsibilities/person closely associated | | | | | a) | Name: | 1.

Eldur Olafsson

2.

Graham Stewart

3.

George Fowlie

4.

Jaco Crouse

5.

Sigurbjorn Thorkelsson | | | | 2. | Reason for the notification | | | | | a) | Position/status: | 1.

CEO and Director

2.

Chairman

3.

Non-executive Director

4.

Chief Financial Officer

5.

Non-executive Director | | | | b) | Initial notification/Amendment | Initial notification | | | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | | | | a) | Name | AEX Gold Inc | | | | b) | LEI: | 213800Q21S5JQ6WKCE70 | | | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | | | | | a) | Description of the financial instrument, type of instrument:

Identification code: | Common shares of no par value in AEX Gold Inc.

ISIN: CA00108V1022 | | | | b) | Nature of the transaction: | Purchase of common shares of no par value in AEX Gold Inc | | | | c) | Price(s) and volume(s): | | Price(s) | Volume(s) | | 1) | C$0.5383

30.0p | 30,000

70,000 | | | | 2) | 28.457p 29.3p 30.0p | 15,000 17,000 68,000 | | | | 3) | C$0.52 C$0.52 | 10,500 14,500 | | | | 4) | C$0.52

C$0.52

C$0.52

C$0.52

C$0.52

C$0.52

C$0.52

C$0.52

C$0.52

C$0.52

C$0.52

C$0.52 | 6,000

2,000

2,500

5,000

2,500

500

1,500

50,000

21,000

1,500

1,000

250 | | | | 5) | 29.875p | 100,000 | | | | d) | Aggregated information:

-

Aggregated volume:

-

Price: | | Aggregated volume | Price | | 1) | 100,000 | 30.530p* | | | | 2) | 100,000 | 29.650p | | | | 3) | 25,000 | C$0.52 | | | | 4) | 93,750 | C$0.52 | | | | 5) | 100,000 | 29.975p | | | | e) | Date of the transaction(s): | 1.

11 May 2021, 12 May 2021

2.

10 May 2021, 11 May 2021

3.

10 May 2021, 11 May 2021

4.

11 May 2021

5.

11 May 2021 | | | | f) | Place of the transaction | 1) XTSX and XLON

2) XLON

3) XTSX

4) XTSX

5) XLON | | |

_* Converted using a CAD: GBP exchange rate of 0.59_

Enquiries:

AEX Gold Inc. Eddie Wyvill, Investors Relations +44 7713 126727 ew@aexgold.com

Eldur Olafsson, Director and CEO +354 665 2003 eo@aexgold.com

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker) Callum Stewart Simon Mensley Ashton Clanfield +44 (0) 20 7710 7600

Camarco (Financial PR) Gordon Poole Nick Hennis +44 (0) 20 3757 4980

About AEX AEX's principal business objectives are the identification, acquisition, exploration and development of gold properties in Greenland. The Company's principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The Company has a portfolio of gold assets covering 3870 km2, the largest portfolio of gold assets in Southern Greenland covering the two known gold belts in the region. AEX is incorporated under the _Canada Business Corporations Act_and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.

Inside Information The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

SOURCE: AEX Gold Inc.

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