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Silverfish Resources Inc
Symbol	SF
Shares Issued	27,600,000
Close 2023-12-08	C$ 0.16
Market Cap	C$ 4,416,000
Recent Sedar+ Documents

Silverfish amends Eastmain, Old Timer option agreements

2023-12-11 18:23 ET - News Release

Subject: Silverfish Resources - Dec 11 NR Word Document File: '\\swfile\EmailIn\20231211 150009 Attachment 2023_12_11 SF NR amend Eastmain and Old Timer Option Agreements.docx' Suite 700-838 West Hastings Street Vancouver, BC Canada V6C 0A6 NEWS RELEASE SILVERFISH AMENDS OPTION AGREEMENTS VANCOUVER, BRITISH COLUMBIA, December 11, 2023 - SILVERFISH RESOURCES INC. (the "Company" or "Silverfish") (CSE: "SF") announces that the Company has entered into the following amendments to its option agreements. Eastmain Property The Company entered into an amendment agreement dated December 11, 2023, to the option agreement dated October 8, 2020, as amended, whereby the Company may acquire a 100% interest in and to the Eastmain Property, located in Quebec (the "Eastmain Property"). Under the terms of the amendment, the due date on the exploration expenditures on the Eastmain Property due on December 30, 2023 and June 30, 2024 shall each be extended one year. The Company's exploration expenditure obligations on the Eastmain Property are now as follows: a) $75,000 by December 30, 2024; and b) a further $150,000 by June 30, 2025. In addition, the $20,000 payment due by December 30, 2023, shall be payable in common shares of the Company (the "Shares") at a deemed price of $0.16 per Share in lieu of cash. In consideration of the amendment, the Company shall issue an additional 125,000 Shares within five business days of signing the amendment agreement. Old Timer Property The Company entered into an amendment agreement dated December 11, 2023, to the option agreement dated December 16, 2021, as amended, whereby the Company may acquire a 75% interest in and to the Old Timer Property, located in Eastern British Columbia (the "Old Timer Property"). Under the terms of the amendment, the due date on the exploration expenditures on the Old Timer Property due on September 30, 2023, September 30, 2024, and September 30, 2025, shall each be extended one additional one year. The Company's exploration expenditure obligations on the Old Timer Property are now as follows: a) $100,000 by September 30, 2024; b) a further $250,000 by September 30, 2025; and c) a further $1,000,000 by September 30, 2026. In addition, the due date on the second cash payment of $50,000 and issuance of 1,000,000 Shares has been extended one additional year from December 15, 2023, to December 15, 2024. In consideration of the amendment, the Company shall issue an additional 100,000 Shares within five business days of signing the amendment agreement. The Share issuances under both amendments remain subject to the approval of the Canadian Securities Exchange. The Shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. About Silverfish The Company is engaged in acquisition, exploration and development of mineral property assets in Canada. The Company's objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Old Timer Property. The Old Timer Property is located 17 km southeast of Nelson, in the Nelson Mining Division of southern British Columbia. For more information, please refer to SEDAR+ at www.sedarplus.ca under the Company's profile. ON BEHALF OF THE BOARD OF DIRECTORS "Joseph Cullen" Joseph Cullen, President, Chief Executive Officer and Director For further information, please contact: Mr. Joseph Cullen Phone: 778-919-8615 Email: jpacullen@gmail.com Website: www.silverfishresources.com THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED OF THE CONTENT OF THIS PRESS RELEASE Cautionary Note About Forward-Looking Statements Certain of the information contained in this news release may constitute 'forward-looking statements' within the meaning of applicable securities laws. Such forward-looking statements, including but not limited to statements relating to the Acquisition involve risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Although the Company and the Seller have each attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither the Company nor the Seller undertakes to update any forward-looking statements, except in accordance with applicable securities laws.