The TSX Venture Exchange has accepted for filing documentation pertaining to the purchase agreement dated Sept. 26, 2023, between Eminent Gold Corp. and its subsidiary, and an arm's-length party (the seller). Pursuant to the terms of the agreement, the company may acquire a 100-per-cent interest in the 110 unpatented claims (890 hectares). By way of consideration, the company will issue 350,000 common shares to the seller and an additional 200,000 common shares will be issued when the company initiates a drill program at Gilbert South property, located 30 kilometres west of Tonopah in the Walker Lane trend in Nevada.

The Timberline claims are currently subject to a 3-per-cent net smelter return royalty, the Nevada select claims are currently subject to a 2-per-cent net smelter return royalty and the GL claims are currently subject to a 2.25-per-cent net smelter return royalty. The company shall have the option and right to repurchase a 1-per-cent GL royalty for $1-million (U.S.). The seller shall have the option to buy down a 1-per-cent Timberline net smelter return royalty for $1.5-million (U.S.).

Consideration:  350,000 common shares and 200,000 common shares (additional)

For further details, please refer to the company's news release dated Sept. 27, 2023.