The TSX Venture Exchange has accepted for filing the documentation relating to a acquisition agreement dated April 13, 2021, between the company and SOQUEM Inc., in connection with the acquisition of a 50-per-cent interest in 14 mining claims in the Fenton property, located 50 kilometres southwest of Chapais, in the province of Quebec.

Pursuant to the agreement, the company shall pay $700,000 to the vendor as follows: $300,000 in cash and $400,000 by issuing 1,261,431 common shares of the company at a price of 31.71 cents per common share in order to acquire a 50-per-cent interest in the property.

The vendor will retain a 1-per-cent net smelter return (NSR) royalty on any salable production from the property. One hundred percent of the NSR royalty (in example, 1 per cent) may be purchased by the company for $1-million.

For further information, please refer to the company's press release dated April 13, 2021.