Hanstone Closes Loan Transaction

Core Viewpoint - Hanstone Gold Corp. is engaging in a loan transaction to borrow up to $300,000 from an affiliate of a director, which will increase the total loaned funds to $2,325,000, including past loans [1][2]. Group 1: Loan Details - The new loan of $300,000 will be added to the past loan amounts of $2,025,000, resulting in a total loan amount of $2,325,000 [1]. - The past loan amounts are due on August 1, 2027, and the new principal is repayable on the earlier of written demand by the lender or August 1, 2027 [2]. - Both the principal and past loan amounts accrue interest at a rate of 15% per annum, calculated and payable annually in arrears [2]. Group 2: Security and Use of Funds - The loan and accrued interest are secured by a perfected first priority security interest in all present and after-acquired property of the company [2]. - The funds from the loan will be used for general corporate purposes as approved by the company's board of directors and the lender [2]. Group 3: Related Party Transaction - The loan is classified as a "related party transaction" due to the involvement of an insider, Mr. Hans [3]. - The loan is exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as it is made on reasonable commercial terms [3]. - Independent directors of Hanstone have approved the loan transaction [3]. Group 4: Company Overview - Hanstone Gold Corp. is focused on precious and base metals exploration, particularly in the Golden Triangle area of British Columbia [5]. - The company holds a 100% interest in the 1,704-hectare Doc Project and a 100% interest in the 3,336-hectare Snip North Project, which is subject to an option agreement [5]. - Hanstone has a team of experienced professionals with a successful track record in gold deposit discovery and mineral exploration project development [5].