The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in 82 lode mining claims, comprising 1,694 hectares, known as Daisy Creek lithium property, located in Lander county in north-central Nevada, pursuant to an option agreement dated May 15, 2023, between GMV Minerals Inc. and an arm's-length vendor.

Consideration:  year 1, $150,000 (U.S.) cash, two million common shares and $250,000 (U.S.) in work expenditures; year 2, $100,000 (U.S.) cash, one million common shares and $500,000 (U.S.) in work expenditures; year 3, $100,000 (U.S.) cash, 3.5 million common shares and $500,000 (U.S.) in work expenditures

Upon exercise of the option, the company will grant to the arm's-length vendor a 3.0-per-cent net smelter return (NSR) royalty payable after commencement of commercial production and the company may reduce the NSR royalty to 2.0 per cent upon payment of $1-million (U.S.) to the arm's-length vendor at any time prior to the commencement of commercial production.

For further details, please refer to the company's news release dated May 16, 2023.