Bathurst Metals Corp. Amends Terms of Option to Acquire the Gladstone Gold and Northern Gold Properties Adjacent to the Turner Lake/TED Gold Project, Nunavut

Core Viewpoint - Bathurst Metals Corp. has entered into an option agreement to acquire a 100% interest in two mineral claims, the Gladstone Gold and Northern Gold properties, located in Nunavut, Canada, enhancing its gold exploration portfolio [1][2]. Group 1: Acquisition Details - The amended terms of the Mineral Option Agreement involve a total consideration of $8,000 in cash and the issuance of 4,000,000 common shares along with 4,000,000 transferable share purchase warrants, allowing the holders to acquire additional shares at $0.08 for three years [2]. - The transaction is conducted at arm's length, and no finders fees are applicable [2]. Group 2: Property Information - The Gladstone Gold Property spans 1,197.371 hectares and contains three known gold showings with gold values ranging from 2.12 to 143.76 grams per tonne (g/t) Au, along with associated geochemical values of arsenic (0.64% to 2.2%), lead (up to 1.04%), and zinc (up to 0.31%) [4]. - The Northern Gold Property covers 1,386.079 hectares and is located south of the Gladstone Gold Property, hosting a known gold showing with values up to 6.58 g/t Au, and associated arsenic (up to 0.62%) and lead (up to 1.0%) values [6]. - Bathurst has also staked the West Gold claim, located west of the Gladstone Gold Property, which hosts two known gold showings with values up to 5.0 g/t Au, along with arsenic values up to 2.68% and zinc up to 0.31% [5]. Group 3: Company Overview - Bathurst Metals Corp. is an exploration-stage company focused on the acquisition, exploration, and development of mineral properties in Nunavut and British Columbia, holding a 100% interest in several projects including the Turner Lake and TED projects [11].