Mr. Michael Kinley reports
SILVER SPRUCE ANNOUNCES TERMS OF FINDER'S FEE
Silver Spruce Resources Inc. will pay a finder's fee of 7 per cent in cash and shares ($43,050 and 700,000 shares, respectively) to Golden Salmon Capital Corp., an arm's-length party, in accordance with the scheduled payments provided for in the agreement relating to the acquisition by the company of the Mystery, Till and Marilyn mineral properties dated Sept. 7, 2021.
The finder's fee will be paid subject to the continuation of the agreement and remains subject to the approval of the TSX Venture Exchange.
About Silver Spruce Resources Inc.
Silver Spruce Resources is a Canadian junior exploration company that has signed definitive agreements to acquire 100 per cent of the Melchett Lake zinc-gold-silver project in Northern Ontario and, with Colibri Resource Corp. in Sonora, Mexico, a 50-per-cent interest in Yaque Minerales SA de CV, which holds the El Mezquite gold project, a drill-ready precious metal project, and an up-to-50-per-cent interest in each of Colibri's early-stage Jackie gold project and Diamante gold-silver project, with the three properties located five kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit. The company is acquiring a 100-per-cent interest in the drill-ready and fully permitted Pino de Plata silver project, located 15 kilometres west of Coeur Mining's Palmarejo mine, western Chihuahua, Mexico. Silver Spruce recently signed a definitive agreement to acquire a 100-per-cent interest in three exploration properties in the Exploits subzone gold belt, central Newfoundland, located 15 kilometres to 40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp. Silver Spruce Resources continues to investigate opportunities that management has identified or that have been presented to the company for consideration.
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