The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of the Bullfinch gold project, located 34 kilometres from the Southern Cross township within the Yilgarn mineral field, Western Australia, pursuant to a sale and purchase agreement dated June 26, 2023, between the company and an arm's-length vendor. Pursuant to the terms of the agreement, the purchase price is a cash payment of $100,000 (Australian) on the execution of the agreement and an issuance of $650,000 (Australian) of common shares of the company to the arm's-length vendor. Alternative to the share consideration, the company may pay an additional cash consideration of $650,000 (Australian). The company may elect to pay either the share consideration or alternative additional cash consideration upon the company completing a secondary listing on the Australian Securities Exchange. If the company does not complete a secondary listing on the ASX before the end date of the agreement, the outstanding consideration must be paid in cash. The company has extended the end date of the agreement by making an additional cash payment of $50,000 (Australian).

An arm's-length royalty holder will retain a 1-per-cent net smelter return (NSR) royalty on the property, subject to the company's right to repurchase the NSR royalty at any time for $1.7-million (Australian).

For further details, please refer to the company's news releases dated June 26, 2023, and April 22, 2024.