Phoenix Global Mining Ltd. announced that it has entered into an exclusive option to acquire 80% of the high grade Gordon Lake gold property in the Northwest Territories, Canada, from ExGen Resources Inc. Strategic expansion of North American mineralised footprint which now includes three high-value and high-demand commodities: copper, cobalt and gold, gordon Lake Gold Property has a similar high grade geological setting to previously producing mines in the area including the Con, Giant and Discovery Mines, with grades up to 21 g/t Au over 7.2 metres, previous exploration limited to 4 of 17 identified zones with gold mineralisation open at depth, making it a potential low-cost underground gold mine, option cost of $25,000.

Phoenix announced the appointment of Mr. Jason Riley as Non-Executive Director to the Board of the company. Mr. Riley is currently President of ExGen Resources Inc. and Konnex Resources Inc.