The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated May 3, 2024, between Gold Basin Resources Corp. and arm's-length parties. Pursuant to the terms of the agreement, the company may acquire a 50-per-cent interest in and to the New Pass gold property, consisting of 107 unpatented mineral claims, located in Churchill county, Nevada. By way of consideration, the company will issue a total of 15,789,736 shares at a deemed price of 9.5 cents per share and a total of $750,000 in cash to the vendors. The option agreement was entered into by the parties pursuant to a letter of intent originally entered into between an arm's-length party and the vendors. In consideration, the company will issue a total of five million shares to the assignor, of which 3,473,685 shares are subject to escrow conditions.

For further details, please refer to the company's news releases dated May 6, 2024, and Aug. 9, 2024.