The TSX Venture Exchange has accepted for filing an earn-in and joint venture agreement dated Aug. 27, 2018, between 92 Resources Corp. and Osisko Mining Inc. (the vendor), whereby the company may acquire up to a 75-per-cent interest in 28 claims directly adjoining the company's 100-per-cent-owned Corvette property located in the James Bay region of Quebec. Consideration is two million common shares and $2.25-million in work expenditures over three years to earn a 50-per-cent interest. A further 25-per-cent interest may be earned by forming a joint venture corporation and financing an additional $2-million in exploration expenditures. The vendor's remaining 25-per-cent interest may be further reduced through dilution if it elects to not finance its portion of subsequent exploration/development. If ownership falls below 10 per cent, Osisko will have the right to convert this remaining interest into a 1-per-cent net smelter royalty (NSR), of which the company retains the right to buy for $5-million cash, and thereby would obtain a 100-per-cent undivided interest in the FCI property.

For further details, please see the company's news release dated Sept. 4, 2018.