The TSX Venture Exchange has accepted for filing documentation in relation to an amending agreement dated Nov. 20, 2023, as well as the third amendment on Feb. 27, 2023, second amendment on Oct. 31, 2022, first amendment on Nov. 20, 2020, of the original option and purchase agreement dated Nov. 20, 2019, between Silver Spruce Resources Inc. and arm's-length vendors with respect to the purchase of a 100-per-cent interest in the Melchett Lake mineral property, located in the Thunder Bay mining district in Northern Ontario.

The company has already paid to the vendors $100,000 in cash, issued three million shares and committed $300,000 in exploration expenditures, and paid $11,850 staking costs toward the purchase of the property. Pursuant to the agreement, the company will pay a final payment to the vendors of $20,000 in cash and issue 10 million shares of the company at a deemed price of one cent per share to earn a 100-per-cent interest in the property.

The vendors continue to retain a 2-per-cent net smelter return royalty, of which 1 per cent can be purchased by the company for $1-million and the remaining 1 per cent at market price.

For further information, please see the company's news release dated Nov. 25, 2019, and Feb. 15, 2024.