Trident Resources Announces Purchase of Additional 4,711 Hectares at the Contact Lake Gold and Greywacke Gold Projects

Core Viewpoint - Trident Resources Corp. has signed a mineral property purchase and sale agreement to acquire up to 100% interest in 7 mineral dispositions totaling approximately 4,711 hectares in the La Ronge Gold Belt, Northern Saskatchewan, Canada [1]. Acquisition Highlights - The acquisition is part of Trident's long-term growth strategy to expand its presence in the La Ronge Gold Belt, having increased its land holdings in the area by over 30% in the past year [3][4]. - The agreement includes a cash payment of C$5,000 on the closing date and a 2.0% net smelter returns royalty, which can be partially purchased by Trident for C$1,000,000 [4]. Agreement Terms - The agreement is subject to acceptance by the TSX Venture Exchange and is classified as a "related party transaction" due to the involvement of a director of both Trident and Eagle Plains [5]. - Trident is relying on exemptions from formal valuation and minority approval requirements under MI 61-101, as the transaction's fair market value is not more than 25% of the company's market capitalization [6]. Project Details - The newly acquired mineral dispositions are contiguous with Trident's core high-grade gold projects, Contact Lake and Greywacke Lake, and contain multiple high-priority targets aligned with the company's main assets in the La Ronge Gold Belt [10]. Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company focused on the development, exploration, and acquisition of advanced-stage gold and copper projects in Saskatchewan, Canada [11].