REV Exploration to Acquire Additional Mining Claims in Chibougamau Gold Camp

Core Viewpoint - REV Exploration Corp. has entered into an asset purchase agreement to acquire a 100% interest in mineral claims located in Quebec's Chibougamau Gold Camp, expanding its land package significantly [1][2]. Group 1: Acquisition Details - The acquisition involves claims covering just over 6,700 hectares, increasing REV's total land package in the Chibougamau Gold Camp to approximately 52,000 hectares or 520 square kilometers [2]. - The transaction is subject to customary conditions, including regulatory approvals and acceptance by the TSX Venture Exchange [2]. Group 2: Financial Terms - REV will provide a cash payment of $150,000 to the Vendor, with $25,000 as a deposit and the remainder due at closing [6]. - Additionally, REV will issue $350,000 worth of common shares to the Vendor upon closing and grant a 1.0% Net Smelter Return (NSR) in favor of the Vendor [6]. Group 3: Company Overview - REV Exploration Corp. is a mineral exploration company with a focus on gold properties in Quebec, particularly in the Chibougamau Gold Camp, and has interests in the Natural Hydrogen sector in Alberta and Saskatchewan [3]. - The company has acquired 100% of several PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome, and holds a significant equity position in MAX Power Mining Corp., which has the largest permitted land package for Natural Hydrogen in Saskatchewan [3].