The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in the Shamrock nickel sulphide property, located near Medford in southwest Oregon, pursuant to a purchase agreement between Spruce Ridge Resources Ltd. and an arm's-length vendor.

Pursuant to the terms of the agreement and as consideration for the acquisition of the property, the company on closing paid $148,949 and issued 2.5 million common shares in the capital of the company to the vendor.

The vendor will retain a 2.0-per-cent net smelter return (NSR) royalty on the property. The company will have the option to buy back 50 per cent (a 1.0-per-cent royalty) of such NSR royalty for consideration of $1-million.

For further details, please refer to the company's news releases dated March 11, 2024, and April 26, 2024.