04:22:06 EDT Tue 15 Jul 2025
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Arya Resources Ltd
Symbol RBZ
Shares Issued 25,709,999
Close 2025-05-21 C$ 0.10
Market Cap C$ 2,571,000
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Arya signs LOI to acquire claim block in Saskatchewan

2025-05-21 17:42 ET - News Release

Mr. Rasool Mohammad reports

ARYA RESOURCES LTD. (RBZ) ARYA EXPANDS EXPLORATION PORTFOLIO WITH 38,926-ACRE STRATEGIC GOLD CLAIMS ACQUISITION ADJACENT TO RAMP GOLD DISCOVERY IN SASKATCHEWAN, CANADA

Arya Resources Ltd. has entered into a legally binding letter of intent (LOI) to acquire a 100-per-cent interest in a highly prospective claim block directly adjacent to the northeast of Ramp Metals' property in the Rottenstone domain, Northern Saskatchewan, Canada.

Transaction highlights:

  • Strategic land position: The acquisition includes 38,926 acres (15,753 hectares) strategically located to capture the updip projection of the geological unit that hosts Ramp Metals' 2024 gold discovery.
  • First-mover advantage: The claims are the first ground staked immediately contiguous to Ramp Metals following its announcement in June, 2024; nearly 800,000 hectares have since been staked in what has become the province's largest staking rush in recent history.
  • Highly prospective geology: The Ramp East claims encompass a large portion of the gold-bearing quartz-diorite unit, the same host rock where Ramp Metals made its discovery. This unit remains significantly underexplored, presenting a compelling opportunity for discovery-driven value creation.
  • Untapped structural target: The claims also include a major northeast-southwest-trending deep-rooted structure, the Howard Lake shear zone, which has seen little to no historical gold exploration and may represent a high-potential structural corridor.

A new frontier for gold in the Rottenstone domain

While early staking in the area focused on Paleoproterozoic ultramafic rocks targeting massive sulphides, it was ultimately the quartz-diorite intrusive body that hosted gold mineralization at Ramp, according to Ramp Metals' Q3 (third quarter) 2024 presentation; there is strong evidence to suggest that this same unit may daylight within Arya's newly optioned Ramp East claim block.

This acquisition expands Arya's regional exploration footprint and complements the company's Wedge Lake gold project, about 60 kilometres away, located in the prolific La Ronge gold belt, a belt historically known for multiple past-producing and active gold mines. The company plans to drill the Wedge Lake soon. Arya is now positioned to test whether the Rottenstone domain, long considered a base metal district, can mirror the gold-rich nature of the La Ronge belt to the west.

Transaction terms

Arya will earn a 100-per-cent interest in the property by:

  • Paying $100,000 in cash over a 24-month period;
  • Issuing 1.5 million shares over a 24-month period;
  • Granting a 2.0-per-cent net smelter return (NSR) royalty, of which a 1.5-per-cent royalty is purchasable at any time for $1.5-million.

Kevin Wells, PGeo, a qualified person (QP) as per National Instrument 43-101 3.1, has approved the technical and scientific content of this news release.

The technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed.

About Arya Resources Ltd.

Arya Resources is a Tier 2 listed mining and mineral exploration company. The company is focused on acquiring, exploring and development of precious metals and energy metals, including gold, silver, copper, nickel and cobalt in stable jurisdictions.

We seek Safe Harbor.

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