The TSX Venture Exchange has accepted for filing documentation the assignment and assumption agreement dated Feb. 16, 2024, between the company and a non-arm's-length party (assignee). Pursuant to the terms of the agreement, the company has agreed to assign to the assignee its rights, interests and obligations in an underlying option agreement dated Jan. 25, 2022, for the right to acquire a 100-per-cent interest in the Robber Gulch project, located in Nevada. In consideration of the assignment, the assignee has paid to the company a cash payment of $50,000 (U.S.) and issued 200,000 common shares of the assignee at a deemed price of 50 U.S. cents.

For further information, please reference the company's news releases dated Feb. 21, 2024, and March 21, 2024.