The TSX Venture Exchange has accepted for filing documentation pursuant to mineral property option agreement announced via news release on June 15, 2016, between the company and an arm's-length vendor, whereby the company will acquire a 100-per-cent interest in the historic E&L nickel-copper-gold deposit and surrounding claims, located at Nickel Mountain in northwest British Columbia.

Pursuant to the terms of the agreement, the company will pay a total of $100,000 in cash, issue a total of 1.1 million common shares over a four-year period to the vendor and has agreed to a work commitment of $375,000 by the fourth year. The vendor retains a 2-per-cent net smelter return royalty, of which 1 per cent may be purchased by the company for a one-time cash payment of $500,000.

For further details, please see the company's news release dated June 15, 2016.