The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of an option agreement to acquire 100-per-cent interest in 27 mineral claims located in central Newfoundland. The property is subject to a 2.0-per-cent NSR (net smelter return) in favour of the arm's-length vendor. The company may exercise a 1.0-per-cent NSR buy-back provision for $1-million cash, at any time prior to the property being put into production.

Cash ($)                               Securities               Work expenditures ($)

$60,000 over three years     600,000 common shares         $100,000 over three years 
                                  over three years 

For further details, please refer to the company's two news releases dated Oct. 30, 2023, and Nov. 2, 2023.