The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of an option to earn an undivided 70-per-cent interest in the Great Burnt property in Newfoundland. In the event that the option is exercised and a joint venture is formed between the company and vendor, if either party has its interest in the property diluted to less than 10.0 per cent, such interest will be converted to a NSR of 2.0 per cent less any existing royalties that the property is subject to.

Cash ($)                 Securities         Work expenditures ($) consideration

$40,000    15 million common shares               $2.5-million over three years

For further details, please refer to the company's news releases dated Aug. 17, 2023, Aug. 30, 2023, and Sept. 25, 2023.