Acquisition Of 700 Leased Hectares At Golden Buffalo Project

Acquisition Of 700 Leased Hectares At Golden Buffalo Project

VANCOUVER – Relevant Gold Corp. has entered into a Purchase Agreement with Golden Buffalo Mining Company (GBMC) to complete the acquisition of 88 BLM mining claims (700 ha) in the core of the Company’s 3,766 hectare Golden Buffalo property in the South Pass Gold Field, Wyoming. The Subject Property was previously held under a lease with option to purchase agreement with GBMC. Pursuant to the Agreement, GBMC will receive (i) 1,500,000 common shares of the Company, (ii) up to three potential milestone payments more particularly described below, and (iii) a 3% net smelter return (NSR) royalty on the Subject Property.

“This agreement represents a big win for Relevant Gold in both the short and long-term, allowing us to minimize our burn rate and safeguarding our flagship Golden Buffalo asset. The restructuring moves $16.2M of calendar-triggered payments to success-based milestones,” said CEO Rob Bergmann. “As a bonus, we get to bring two incredible operators onto the team, both of whom are now entirely aligned with the Company’s goals, and who will greatly strengthen our connection to local communities and day-to-day operations.”