The TSX Venture Exchange has accepted for filing documentation the South Dufferin purchase agreement dated April 25, 2023, between the company and a non-arm's-length party. Pursuant to the terms of the agreement, the company has acquired from the vendor all of the interest in and to the South Dufferin property in Athabasca basin in Saskatchewan for cash and security considerations. In consideration for the transaction, the company has paid to the vendor a cash payment of $125,000 and has issued six million common shares in the capital of the company and one million non-transferable share purchase warrants. Each warrant will entitle the vendor to purchase one additional share at an exercise price of 60 cents per share for a period of two years from the date of issuance.

For further information, please reference the company's news releases dated April 27, 2023, and May 31, 2023.