The TSX Venture Exchange has accepted for filing documentation the asset purchase agreement dated Feb. 21, 2024, between the company and an arm's-length party. Pursuant to the terms of agreement, the company has acquired a 100-per-cent interest in two mineral claims comprising the Copper Pit project. As consideration for the acquisition, the company has paid to the vendor 100,000 common shares of the company. The consideration shares are subject to a four-month hold period pursuant to applicable Canadian securities laws, after which 25 per cent of the consideration shares will become free trading. In addition, the vendor has agreed to voluntary resale restrictions, whereby an additional 25 per cent of the consideration shares will become free trading every four months thereafter.

Insider/pro group participation:  none

Finders' fees:  none

This acquisition is considered to be an arm's-length transaction.

For further information, please refer to the company's news releases dated Feb. 21, 2024, and April 11, 2024.