The TSX Venture Exchange has accepted for filing documentation pursuant to a purchase agreement dated Oct. 28, 2016, and announced via news release on Nov. 16, 2016, between the company and Gold Fountain Resources (Xia Yan Qu). As per the terms of the agreement, the company will acquire 10 mineral tenures comprising approximately 4,148.33 hectares located in the Liard mining division, known as the Qu claims.

The company has purchased a 100-per-cent right, title and interest in the property. In consideration for the transaction, the company will issue 500,000 common shares to the vendor.

For further details, please see the company's news release dated Nov. 16, 2016.