Mr. Mark Patchett reports
PROPERTY OPTION AGREEMENT ACCEPTED FOR FILING
The mineral property option
agreement with a private Canadian company owned by A.J. Beruschi, pursuant to
which Empire Metals Corp. has been granted options to acquire an up-to-70-per-cent interest in a gold project in the Yukon
territory, Canada, has been accepted for filing by the TSX Venture Exchange. The project is subject to a
minimum net smelter return royalty of 3.3 per cent, increasing in stages to 5.8 per cent on realized gold prices above
$2,000 (U.S.) per ounce.
Pursuant to the terms of the option agreement, Empire is making a cash payment of $50,000 to the
private company and has issued two million common shares in its capital to the private company, which
shares are restricted from trading until Nov. 9, 2025.
The company also announces that James Boyce has resigned as a director of Empire. The company
thanks Mr. Boyce for his contributions.
Empire is a Canadian resource exploration and development company. In addition to the Yukon gold
project, Empire holds a 100-per-cent interest in the Buck Lake platinum, palladium, nickel and gold project
located in Ontario near the Lac Des Iles platinum and palladium mine. Empire also holds a controlling
interest in the Fox Creek lithium project in Alberta and the Gwyn Lake gold project located in the heart
of the historic Beardmore-Geraldton greenstone gold belt in Ontario.
We seek Safe Harbor.
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