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09:51:37 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



True North Gems Inc (3)
Symbol TGX
Shares Issued 31,577,353
Close 2023-08-23 C$ 0.065
Market Cap C$ 2,052,528
Recent Sedar+ Documents

True North Gems grants right to earn 50% of Nabikok

2023-08-24 17:34 ET - News Release

Subject: True North News Release Word Document File: '\\swfile\EmailIn\20230824 142628 Attachment 2023-08-24 TGXNR - final.docx' True North has granted AuQ Gold Mining Inc. the right to earn a 50% interest in the Nakikok Lithium Exploration Project Vancouver - August 24, 2023 - True North Gems Inc. (TSXV: TGX, or the "Company") is pleased to announce that it has entered into agreement with AuQ Gold Mining Inc. ("AUQ") whereby they can earn a 50% interest in the Nabikok Litihium Exploration Project in the Abitibi region of northwestern Quebec. Under the terms of the agreement, AUQ is required to expend $600,000 over three years, of which $100,000 must be spent in the first year to earn a 50% interest. The Nabikok Lithium Exploration Project The Nabikok Pegmatite Project is an early-stage lithium-bearing spodumene pegmatite prospect comprised of 155 exploration claims, located in the eastern region of the Abitibi Belt, Quebec Canada. The Project is located 47 kilometres southwest of Val d'Or and 67 kilometres southeast of Cadillac, PQ. The Nabikok claim group is centred in UTM Zone 18 at coordinates 277,395 meters East and 5,286,290 meters North, at 330 masl. Previous exploration In 2022, True North Gems completed two pre-field, exploration initiatives on the Nabikok property; a high-resolution heliborne magnetic and spectrometric survey; and, acquisition of high-resolution multi-spectral satellite imagery. Based on available information, this is the first geoscientific data collected from the Nabikok property as it is currently configured. On behalf of the Board of Directors of True North Gems Inc.: (signed) Owen King Owen King CEO & Director 604-618-1835 For further information, contact: Email: info@truenorthgems.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document contains "forward-looking information" and "forward-looking statements" (together, "forward-looking statements") within the meaning of applicable securities legislation, which are made as of the date of this document or the document(s) referred to herein. Statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward- looking statements include, without limitation, statements with respect to:. The forward-looking statements are made based upon certain assumptions which, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by the forward-looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties that could cause actual results, performances or achievements to differ materially from those in the forward- looking statements. These include, without limitation: price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities, the speculative nature of mineral exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees; additional funding requirements and defective title to mineral claims or property]. This list is not exhaustive. See also, for example, the risks disclosed in the Company's other disclosure documents filed at www.sedar.com, including, without limitation, those disclosed in the Company's management's discussion & analysis. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, except as otherwise required by applicable securities legislation.

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