Mr. Allan Bezanson reports
GOLD DIGGER RESOURCES INC. ANNOUNCES UPDATE REGARDING AGREEMENT TO ACQUIRE PREMIUM URANIUM CORPORATION
Further to Gold Digger Resources Inc.'s news releases dated March 6, 2024, and June 13, 2024, it has entered into a second amending agreement to the share purchase agreement dated March 6, 2024 (the SPA) with Premium Uranium Corp., and each of the shareholders of Premium Uranium and UA92 Pty. Ltd., a wholly owned subsidiary of Premium Uranium. The amending agreement extends the deadline by which the parties to the SPA must close the acquisition (as defined herein) to Sept. 30, 2024.
Pursuant to the SPA, the company will acquire all of the issued and outstanding shares of Premium Uranium and, upon completion, Premium Uranium and UA92 will become wholly owned subsidiaries of the company. UA92 is the holder of a mineral property comprising several prospecting licences in the Republic of Botswana (the UA92 project).
The company has been busy over the last few months performing the necessary legal, financial and geological diligence in respect of the acquisition and the UA92 project. Lorne Warner, PGeo, and a director of Gold Digger, joined a team at the UA92 project in Botswana in May, planning for a fall exploration program. There is a large known resource adjacent to the western properties and management is excited about the prospects of the UA92 project. However, mineralization on neighbouring properties is not necessarily indicative of mineralization on the UA92 project.
Mr. Warner stated: "I was impressed by the size and accessibility of the project area that covers over 4,800 square kilometres. Every licence overlies the favourable Karoo supergroup sandstones unit, known to contain significant and extensive stratabound pitchblende and coffinite uranium mineralization."
Assuming completion of the acquisition, the company intends to explore the asset for both surface and in situ recovery potential in the coming months. In management's opinion, the team in Botswana is well positioned to do so and very knowledgeable on uranium and Botswana mining legislation.
For further information about the acquisition and the UA92 project, please refer to the company's news release dated June 13, 2024.
Qualified person
Lorne Warner, PGeo and a director of the company, is a qualified person as defined by National Instrument 43-101. Mr. Warner has reviewed and approved the technical information disclosed in this news release.
About Gold Digger Resources Inc.
Gold Digger Resources is an early stage mineral resource exploration company. The company's material property is currently the Regnault project, consisting of 71 contiguous mineral claims covering an area of approximately 3,678 hectares located north-northeast of Chibougamau in the province of Quebec.
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