The TSX Venture Exchange has accepted for filing an option to purchase and royalty agreement dated Dec. 15, 2016, between the company and Martial Harmand Levasseur. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent interest in certain mining claims in British Columbia. By way of consideration, the company will issue 300,000 shares at a deemed price of seven cents per share. The property is subject to a 1-per-cent net smelter return (NSR) in favour of the optionor.

Please refer to the company's news releases dated Nov. 23, 2016, and Dec. 13, 2016, for further details.