Mr. Ken Lapierre reports
ROCKY SHORE CLOSES SPRINGDALE PROPERTY ACQUISITION AND COMPLETES INITIAL PAYMENTS UNDER THE HANDCAMP PROPERTY OPTION AGREEMENT
Rocky Shore Gold Ltd., through a wholly owned subsidiary, has completed the previously announced purchase agreement for the acquisition of the Springdale property and made the first option payment due under the Handcamp option agreement (see press release dated Sept. 16, 2026).
In connection with the Springdale property purchase agreement, the company made a cash payment of $30,000 and issued 285,000 common shares of Rocky Shore to the vendors. The vendors shall retain a 2.5-per-cent net smelter royalty on the Springdale property, in which Rocky Shore's subsidiary may repurchase 60 per cent of the NSR (representing a 1.5-per-cent NSR), at any time, for an aggregate amount of $1.5-million. Rocky Shore, through its wholly owned subsidiary, shall also have a right of first refusal over such NSR royalty.
In connection with the Handcamp option agreement, the company made an initial payment consisting of $150,000 in cash and issued to the optionor an aggregate of 1,360,544 common shares of Rocky Shore.
The shares issued by the company pursuant to the Springdale property purchase agreement and the Handcamp option agreement are subject to a four-month-plus-a-day hold period expiring on Jan. 30, 2027.
About Rocky Shore Gold Ltd.
Rocky Shore Gold is a Canadian junior exploration company focused on its 100-per-cent-owned Gold Anchor project and Rocky Pond volcanogenic massive sulphide project both located in central Newfoundland. Gold Anchor is strategically located within one of Canada's most promising and underexplored gold belts. The project is the second-largest property (greater than 1,200 square kilometres) in this emerging gold district. The project hosts the Mosquito Hill and Reid gold deposits and structurally controlled gold targets including the Lucky 13 gold zone along the highly prospective Appleton fault corridor located on trend and southwest of major gold discoveries and deposits. The Rocky Pond VMS project is located within the Roberts Arm VMS belt that hosts the former producing Buchans VMS mine. The project hosts the Handcamp gold-rich VMS zone and multiple additional VMS showings within a 40-kilometre trend of the prolific VMS belt.
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