Property asset or share disposition agreement amendment

The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length amendment to a disposition of an earn-in agreement for a 100-per-cent interest in the Mogote copper-gold project in San Juan province in Argentina. Pursuant to the terms of the amending agreement, the company will receive from Mogotes Metals Inc.:

• $550,000 cash;
• Mogotes will purchase nine million units at five cents per unit of the company, by way of a private placement;
• 10,714,285 shares of Mogotes;
• Mogotes must issue a value of $1.5-million of shares of Mogotes on or before the first anniversary of closing. Mogotes may satisfy this payment in cash.

The property will be subject to a 1.5-per-cent net smelter return (NSR) royalty payable to the company, of which a 0.5-per-cent royalty can be bought back with a $2-million cash payment. No finder's fee was paid.

For further details, please refer to the company's news releases dated Feb. 11, 2025, and March 26, 2025.