The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of the Birthday mine project, the Ennuin exploration tenement and the Newfield East project, all located approximately 30 kilometres from the town of Bullfinch, Western Australia, pursuant to a sale and purchase agreement dated Aug. 1, 2023, between the company and arm's-length vendors. Pursuant to the terms of the agreement, the purchase price is a cash payment of $100,000 (Australian), an issuance of $175,000 (Australian) of common shares of the company and an additional payment of $150,000 (Australian) in cash upon the lesser of dual listing on the Australian Securities Exchange or within six months of execution of the agreement, being made out to the arm's-length vendors. The company has the election to extend the deferred cash payment by an additional six months by making an additional cash payment of $50,000 (Australian).

The arm's-length vendors will retain a 1.5-per-cent gross smelter royalty, capped at $800,000 (Australian), on the property.

For further details, please refer to the company's news releases dated Aug. 1, 2023, and April 22, 2024.