VANCOUVER, July 29, 2020 /Accesswire/ Kismet Resources Corp. (TSXV: KSMT.P) ("Kismet" or the "Corporation") is pleased to announce that it has entered into a letter of intent dated July 23, 2020 (the "LOI") with TDG Gold Corp. (“TDG Gold”), a mineral exploration company with binding agreements to acquire four properties in the Toodoggone District of northeastern British Columbia, Canada including the former producing high grade Au-Ag Baker and Shasta Mines and the Oxide Peak exploration stage property. The LOI outlines the principal terms and conditions which will result in a reverse takeover of Kismet by TDG Gold (the "Transaction").

Kismet is a Capital Pool Company and intends for the Transaction to constitute its Qualifying Transaction, as such terms are defined in the policies of the TSX Venture Exchange (the "TSXV"). In connection with the announcement of the LOI, the trading in the common shares of Kismet ("Kismet Shares") has been halted pursuant to the policies of the TSXV. Trading will remain halted until, among other things, Kismet completes certain regulatory filings in connection with the Qualifying Transaction with the TSXV and the TSXV has completed certain matters it considers necessary or advisable.