The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length earn-in disposition of 35 per cent of the company's wholly owned subsidiary, Camino Resources SAC (Camino Peru), which holds 100-per-cent interest in certain mining claims comprising the Los Chapitos property. The arm's-length purchaser made a total cash payment of $1.1-million ($100,000 paid February, 2023, and $1-million paid June, 2023), to the company and will incur up to $9-million in expenditures over three years in the property.

A total of 2,235,295 shares will be issued at a deemed price of 8.5 cents per share to an arm's-length finder. An additional 882,352 shares at a deemed price of 8.5 cents per share can be issued to the finder in May, 2024, if an additional $1.5-million of expenditures are incurred by the purchaser.

For further details, please refer to the company's news releases dated June 14, 2023, Jan. 11, 2024, and April 3, 2024.