Mr. Peter Smith reports
SASQUATCH RESOURCES EXECUTES AGREEMENT TO ACQUIRE ECHO PROPERTY
Sasquatch Resources Corp. has executed an asset purchase agreement dated as of Nov. 5, 2026, with Justin Deveault, Andrew Clarke and Rory Munroe to acquire the Echo property, comprising eight mineral claims in British Columbia, located approximately 10 kilometres (km) from Cowichan Lake, on Vancouver Island. Two of the mineral claims, covering an aggregate of 85 hectares, have been granted, while the remaining six mineral claims, covering an additional 357 hectares, are currently under application. Technical and historical information surrounding the property will be released shortly.
Under the agreement, to acquire the property, Sasquatch is obligated to issue an aggregate of 1.25 million common shares of the company to the vendors and the vendors will retain a 2-per-cent NSR (net smelter return) royalty. The shares will be issued a price of 10.5 cents per share, representing a purchase price of $131,250. When issued, the shares will be subject to a four-month hold period in accordance with applicable securities laws. Closing of the transaction is anticipated to take place on or about Nov. 13, 2026.
Justin Deveault is a director of the company, and accordingly the agreement and the transaction represented thereby is a related party transaction as defined under Multilateral Instrument 61-101. The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the transaction does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101. In considering and unanimously approving the agreement and the transaction (with Mr. Deveault abstaining), there were no materially contrary views, abstentions (except as required by corporate law) or disagreements by any director of the company. The company did not file a material change report at least 21 days prior to executing the agreement, which is reasonable given the Mi 61-101 exemptions noted above.
About Sasquatch Resources Corp.
Sasquatch Resources is a mineral exploration company primarily focused on reclamation of waste rock, both at legacy mine sites and in areas where logging roads have encountered and been constructed with significant volumes of mineralized material. In many cases, waste rock at such sites is easily accessible, occurs in significant volumes, and can contain potentially economic grades of copper, gold, silver and other valuable minerals. Removing the high-sulphide material from the waste at these sites (which includes both valuable minerals but also potentially harmful elements such as sulphur, lead and arsenic) can often be effectively done through a relatively simple ore-sorting process, and the high-sulphide material can be removed from the site and sold to an existing end-processor. This process can allow the company to address environmental and other hazards while adding critical minerals and other valuable elements to the supply chain, all while minimizing the need to add new mines and/or mining infrastructure. To this end, the company has acquired and is assessing a number of project areas that have waste rock potential, including the Mount Sicker property in southern Vancouver Island, British Columbia, the Blue Grouse property, located about 30 kilometres from the Mount Sicker property on the south side of Lake Cowichan, the Santana property (the area known as the former Santana mine) on Quadra Island, B.C., the Alberni claim group (about 90 kilometres from Mount Sicker) and the Slesse property near Chilliwack, B.C.
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