The TSX Venture Exchange has accepted for filing an option agreement between the company and non-arm's-length vendors, pursuant to which the company has the right to acquire a 100-per-cent interest in the DEM gold-silver property, located in central British Columbia, in exchange for staged cash payments to the optionors over four years cumulatively totalling $980,000, in addition to escalating work commitments totalling $5-million over the same time frame, as announced on Aug. 2, 2023. Furthermore, the optionors will retain a 2-per-cent net smelter return royalty, subject to the right of the company to buy back 1.5 per cent of the royalty for $4.5-million, inflation adjusted to 2023.

For more information, please refer to the company's news releases dated Aug. 2, 2023, and Oct. 11, 2023, and the company's management information circular dated Aug. 25, 2023 (and filed on SEDAR+).