(TheNewswire)
June 22, 2023 – TheNewswire - Bathurst Metals Corp. ( TSXV:BMV ) (OTC:BMVVF) (“Bathurst,” t h e “ C omp a n y ” ) is p l e a s e d to a nn o un ce t h e s igni n g of an e x p lor a ti o n agre e m e n t (t h e “ E x p l or ation Ag r ee m e n t ” ) w ith t h e Bridge Ri ve r I nd ian Ba n d ( “ X w í st en ”) r e gar d i n g t h e Peerless Pr op e rty (t h e “ P rop e r t y ” ). T h e r o ad acc e ss i b le Pr op e rty i s loc a ted 9 kil o me tres ( “ k m ” ) north of t h e v illage of Gold Brid g e , a n d 17.5 km n orth of t h e h i s t o ric Bral o r n e - Pi one e r G old Mi n i n g C a m p w it h in the X w í s ten’s tr ad itio n al territ o ry in s o u t h we s tern Briti s h Col u m b ia, Ca n a d a.
T h e E x p lor a ti o n Ag r e e me n t a dd r e ss e s t h e p artie s ’ d e s ire f o r a m u t u al l y b e n ef i cial arra n g e me n t in r e sp e ct of c u r r e n t a n d p r op o s e d e x p lor a ti o n ac t i v ities w it h in t h e X w í s ten tra d iti on al t e rrit o ry that p r ov i d e s p r o tection of tr ad iti on al ac t i v ities a n d s en s iti v e s ite s, and this i n clu des arc h aeol o gi c al su r ve ys , e nv iro n me n t a l p r o tecti o n me a s u r e s , a n d the opportunity f or the Xwísten com m un i t y to p artici p a t e in an y b u s i n e s s an d e m p lo y me n t o pp ort un ities th at th e Property g e n e rate s .
T h e E x p lor a ti o nAg r e e me n t c o v e rs all e x p lor a ti o n ac t i v iti e s t h r ou gh to the compl e ti o n of a F e a s i b ility St ud y w h i c h dem o ns tr a t e s the economic v ia b ilit y of the project . T h e p arties f u rt h e r agree t h at e v e n t u ally t h e E x p lor a ti o n Agr eeme n t w i l l b e r e p laced b y an i m p ac t s a n d b e n ef i t s a gr e e me n t to co v e r a n y a n tici p a t e d com m e rcial m i n i n g o p e rati on . T h e E x p lor a ti o n Agr e e me n t r e cog n izes t h at Bathurst w ill r e t a in t h e rig h ts to acc o mm o d a t e a n d w ork w ith a n y ot h e r I nd ig e n o u s com m un i t i e s t h at may h a v e tr ad iti on al territ o ry wit h in t h e Pr op e rty a r e a.
The Company will submit a drilling permit applicationfor the drill testing of the Peerless Showing planned for later thisyear.
Harold Forzley, CEO stated. “ We a r e v e r y p le a s e d to ha ve f in a liz e d t h is ag r eemen t w ith X w í s t en , w h i c h ac k no w le dge s an d r e s pec ts t he ir I nd ig enou s T itle an d Rig h ts, an d p r o vid e s f o r a mu t ua lly resp ec tful d ial ogu e with X w í s t e n t h r oug h ou r c on ti nu ing e x p l o r a ti o n p r og r a m. ”
As comp e ns a t ion f or i m p ac t s of t h e Co m p a ny ’s e x p lor a ti o n ac t i v iti e s on the X w í s te n ’s tr ad iti o n al territ o ry t h e Co m p a ny , a m o n g ot h e r t h i n g s , h as agre e d to i ssu e X w í s ten 100,0 00 co m m on sh ar e s of t h e C o m p a n y ( “ Bathurst S h a r e s ” ) up on t h e acc e p t an ce of t h e E x p lor a ti o n Agr ee m e n t b y t h e T SX V e n t u re E xc h a n ge (t h e “ E xc h a n g e ” ). T h e Bathurst S h ar e s w ill b e sub je c t to a h old p e riod as p e r E xc h a n g e policy .
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ON BEHALF OF THE BOARD OFDIRECTORS
Bathurst Metals Corp.
For more information contact Harold Forzley
info@bathurstmetalscorp.com
Neither TSX Venture Exchange nor itsregulation services provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release. T hi s n ews re l e a se m a y c ontai n fo rw a rd loo k in g s tat eme nt s ba s ed o n a ss u m p t ion s an d j udg me n t s o f m anag eme n t re ga r din g f u tu re eve nt s o r res u lt s tha t m a y p r o ve t o b e i na cc u r at e a s a res u l t o f fa c to rs b ey o n d it s c o n t r ol , a n d a c tu a l res u lt s m a y d i ff er m at er i all y f r o m t h e ex p ec t ed res ult s.
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