Mr. Luke Norman of Leviathan reports
LEVIATHAN METALS ANNOUNCES SALE OF TIMOR GOLD PROJECT
Leviathan Metals Corp. has sold the company's 100-per-cent interest in the 11,663-hectare Timor gold project, held by the company's wholly owned subsidiary Leviathan Gold Australia, pursuant to a mineral property sale agreement with Au Gold Corp., dated Jan. 12, 2026.
The consideration paid by Au Gold in connection with the sale of the project is composed of cash consideration of $75,000 and five million common shares in the capital of Au Gold, issued to LVX AUS.
The agreement also provides for contingent consideration of $3 per ounce of Joint Ore Reserves Committee- or National Instrument 43-101-compliant resources disclosed in a JORC or NI 43-101 technical report, with such amount payable in cash no later than 90 days following public disclosure of the technical report.
About Leviathan Metals Corp.
Leviathan Metals, previously known as Leviathan Gold Ltd., is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (LVX), on the OTC (LVXFF) and in Germany (0GP).
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