The TSX Venture Exchange has accepted for filing documentation with respect to an arm's-length acquisition of a 100-per-cent undivided interest in 13 mining licences, consisting of 547 mineral claims, located in central Newfoundland, Canada (the Atlantis project), between the company and arm's-length optionors. Consideration is $5,000 in cash and four million common shares. The Atlantis project is subject to a 2-per-cent net smelter return (NSR) royalty. The company will have the right, exercisable at any time, to purchase up to one-half of the NSR royalty for $1-million.

For further details, please refer to the company's news release dated Sept. 24, 2024.