The TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's-length disposition of a gross overriding 2.0-per-cent royalty in all diamonds that may be derived from the company's 100-per-cent-owned LDG property in the Northwest Territories. In return, the company will be exempt from paying $1-million in the company's common shares to the non-arm's-length party. The company may purchase a 1.0-per-cent royalty by making a single payment of $2-million to the payee, at any time up to 24 months after the date on which the first royalty payment is due.

For further details, please refer to the company's news releases dated Feb. 5, 2024, and Feb. 20, 2024.