REV Exploration Closes Acquisition of Additional Mining Claims

Core Viewpoint - REV Exploration Corp. has successfully closed the acquisition of 72 mining claims and associated rights in Ontario and Quebec, enhancing its mineral exploration portfolio [1][2]. Acquisition Details - The acquisition was executed under a mineral property purchase agreement with an arm's-length third party, with REV issuing 500,000 common shares as consideration for the transfer of the property [2]. - The shares issued are subject to a statutory hold period of four months and one day from the date of issuance [2]. - The property is subject to a 1.5% net smelter returns royalty, calculated on the net proceeds from the sale of minerals produced after customary deductions [3]. Regulatory and Compliance - The closing of the acquisition is contingent upon customary conditions, including the receipt of all required regulatory approvals and acceptance by the TSX Venture Exchange [4]. Company Overview - REV Exploration Corp. is a mineral exploration company with a focus on gold and battery metal properties in Quebec, including notable projects in the Chibougamau Gold Camp [5]. - The company also has significant exposure to the Natural Hydrogen sector in Alberta and Saskatchewan, holding 100% of a series of PNG leases along the Alberta-Montana border [5].