Angus Gold Announces Cancellation of Underlying Royalty on the Golden Sky Project

Core Viewpoint - Angus Gold Inc. has successfully canceled a 2% Net Smelter Royalty (NSR) through a buyback from IAMGOLD Corporation, which is expected to enhance the company's financial flexibility and project development potential [1][2]. Group 1: NSR Cancellation - The NSR was associated with the Mishi Property in Wawa, Ontario, which is fully owned by Angus Gold and covers about one-third of the Golden Sky Project land package [2]. - The buyback of the NSR was completed for a cash payment of US$750,000 [2]. Group 2: Company Overview - Angus Gold Inc. is a Canadian mineral exploration company focused on acquiring, exploring, and developing gold properties, with its flagship project being the Golden Sky Project located in Wawa, Ontario [3]. - The Golden Sky Project is situated adjacent to the Eagle River Mine operated by Wesdome Gold Mines Ltd. [3]. Group 3: Acquisition Agreement - Wesdome Gold Mines Ltd. has entered into a definitive arrangement agreement to acquire all issued and outstanding common shares of Angus Gold as part of a plan of arrangement [4].