The TSX Venture Exchange has accepted for filing documentation pertaining to a mineral property purchase agreement dated Feb. 28, 2024, between the company and several arm's-length parties, whereby the company acquired 50 per cent of the issued and outstanding shares of San Maurizo Mines Inc., a corporation incorporated under the laws of the Province of Manitoba, which holds four mineral concessions in the Republic of Peru through Basic Minerals S.A.C.

Under the terms of the agreement, the company acquired the target in exchange for 2.5 million common shares and a loan to the target of up to $250,000 (U.S.) principal amount, which can be drawn down over a period of one year from closing date of the acquisition of the target.

For further details, please refer to the company's news release dated Feb. 28, 2024.