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Affinity Metals Corp
Symbol AFF
Shares Issued 69,558,165
Close 2026-05-28 C$ 0.085
Market Cap C$ 5,912,444
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Affinity Metals enters option deal to acquire Northline

2026-06-01 17:28 ET - News Release

Mr. Robert Edwards reports

AFFINITY METALS CORP. ENTERS INTO OPTION AGREEMENT TO ACQUIRE NORTHLINE GOLD PROPERTY LOCATED IN ONTARIO

Affinity Metals Corp. has entered into a property option agreement to acquire a 100-per-cent interest in the Northline gold property located within the Patricia mining division in the province of Ontario, Canada.

The property lies in the region between the Red Lake and Pickle Lake gold camps, and is located approximately 10 kilometres south of the Golden Patricia mine. This area within the southwestern extension of the Meen-Dempster greenstone belt is hosted within the Uchi subprovince, one of the most metal-endowed Archean greenstone assemblages in the world with resources and past production now exceeding 65 million ounces of gold.

Terms of the transaction

The company has signed a three-year option agreement with Gravel Ridge Resources Ltd. and a private company owned by Perry English pursuant to which the company may acquire a 100-per-cent interest in the Northline gold property. In order to fully exercise its option and acquire the Northline gold property, over a three-year period the company will pay an aggregate of $99,000 and issue 300,000 common shares of the company. The optionors will retain a 1.5-per-cent net smelter returns production royalty. The company or its assigns will have the right to purchase a 0.5-per-cent royalty for $500,000, leaving the optionors with a 1.0-per-cent royalty. All securities issued in connection with the agreement will be subject to a hold period expiring four months and one day from their date of issuance in accordance with the policies of the Canadian Securities Exchange and applicable securities laws.

About Affinity Metals Corp.

Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.

The company holds the 100-per-cent-owned Regal high-grade silver property located near Revelstoke, B.C., and has also recently optioned the Discovery Lake property located near Sioux Lookout, Ont.

We seek Safe Harbor.

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