The TSX Venture Exchange has accepted for filing documentation the amended and restated option to acquire 60 per cent of the Holly and Motagua properties, Guatemala, dated Sept. 14, 2023, between the company and a non-arm's-length party (the optionee). Pursuant to the terms of the amending agreement, the optionee will no longer have the option to acquire the Holly-Banderas project from the company and will instead have the option to acquire the Holly-Motagua project from the company. All other terms of the original agreement, including the consideration, have not changed, except that the optionee's exploration expenditures that have been directed toward the Banderas project will instead be directed toward the required exploration expenditures for the Motagua project.

For further details, please refer to the company's news releases dated Sept. 18, 2023, and Feb. 21, 2024.