The TSX Venture Exchange has accepted for filing documentation the option agreement dated May 21, 2024, and amended May 31, 2024, between the company and an arm's-length party. Pursuant to the terms of the agreement, the company has been granted the exclusive right and option to acquire up to 100 per cent of the title and interest in 173 mineral claims comprising the Senneville property in Quebec.

Pursuant to the agreement, the company may acquire the property by making payments to the optionor or its assignees through the issuance of common shares of the company, and by completing eligible exploration work commitments, according to the following schedule:

• Due upon exchange approval, 2.5 million shares;
• Due on the six-month anniversary, 2.5 million shares;
• Due on the 24-month anniversary, $2-million in expenditures.

The property is subject to three separate 2-per-cent net smelter return (NSR) royalties, which will be assumed by the company.

Any share issuances to the optionor or its assignees that will trigger the creation of a new insider of the company are subject to prior exchange approval.

This acquisition is considered an arm's-length transaction.

For further information, please refer to the company's news releases dated May 21, 2024, June 13, 2024, and June 20, 2024.