The TSX Venture Exchange has accepted for filing documentation the claims sale agreement dated July 15, 2024. Pursuant to the terms of the agreement, the company has agreed to sell all of its right, title and interest in and to the Whitefish Lake claims and the Eagle Lake claims to a non-arm's-length party. In consideration of the disposition, the purchaser has issued to the company an aggregate of two million common shares of the purchaser and will pay to the company a cash amount of $432,778.50 within 180 days from the date of closing of the transaction. Additionally, the company will retain a 1-per-cent net smelter return royalty interest in the future minerals produced from the claims upon achieving commercial production, and the purchaser will assume the obligations to pay certain Whitefish Lake claims receivables, the Wildwood receivables and an existing royalty.

For further information, please reference the company's news releases dated July 16, 2024, and Sept. 18, 2024.