The TSX Venture Exchange has accepted for filing documentation pertaining to a share purchase agreement, dated July 12, 2024, as amended by an amending agreement dated Oct. 18, 2024, between the company, the company's wholly owned subsidiary, Reefton Acquisition Corp., Siren Gold Ltd. (the vendor) and the vendor's subsidiary, Reefton Resources Pty. Ltd., whereby the company has acquired, through Reefton Acquisition, from the vendor all the issued and outstanding shares in Reefton, which owns certain tenements comprising of the Reefton project.

According to the agreement, the purchase price is $20-million (Australian) ($18.4-million (Canadian)), comprising $2-million (Australian) in cash (with $1-million (Australian) already paid at the signing of the agreement on July 12, 2024, and the remaining $1-million (Australian) paid at the closing), subject to customary adjustments following the closing, and 83,927,383 shares of the company issued to the vendor, subject to phased trading restrictions and valued at $18-million (Australian). Additionally, the company acquired 10 million shares of the vendor at 20 Australian cents each, totalling $2-million (Australian) ($1.8-million (Canadian)).

The transaction is arm's length in nature and no finders' fees are payable.

For further details, please refer to the company's news releases dated July 15, 2024, Oct. 21, 2024, Oct. 28, 2024, and Nov. 25, 2024.