The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length option acquisition of a 100-per-cent interest in nine mineral licences that consist of 137 mineral claims units located in central Newfoundland.

Cash ($)                           Securities          Consideration
                         Work expenditures ($)

$54,000 over 4 years    440,000 common shares                    N/A
                                 over 4 years

The properties are subject to a 2.0-per-cent NSR (net smelter return), with a 1.0-per-cent buyback provision of $500,000 cash to the vendor; except for one mineral licence, which consists of six mineral claims units out of the 137 mineral claims units, are subject to an existing 2.5-per-cent NSR to underlying vendors. The vendor was granted a 0.25-per-cent NSR on this one mineral licence/six mineral claims units for a total of 2.75-per-cent NSR. Please refer to the company's news release dated Dec. 18, 2024, for more information.

No finder's fee was paid.

For further details, please refer to the company's news releases dated Nov. 28, 2024, and Dec. 18, 2024.