Trident acquires Saskatchewan claims from Eagle Plains

Executive Summary

• Trident Resources Corp. acquired a 100 % interest in 16,245 ha of gold‑bearing claims in the La Ronge Gold Belt from Eagle Plains Resources Ltd. for $14,370 cash plus a 2 % NSR royalty (with an option to buy back 1 % for $1 M).
• The newly acquired blocks border Trident’s core high‑grade projects (Contact Lake and Greywacke) and contain documented gold showings up to 45.5 g/t Au.
• Trident remains well‑capitalized with >$11 M in cash and marketable securities, positioning it to fund its upcoming summer drilling program at Contact Lake and explore extensions of the trend.

Key Details

• Acquisition Size & Location – 16,245 ha across four blocks, road‑accessible, ~30 km NE of La Ronge, Saskatchewan; situated along a high‑voltage transmission line.
• Purchase Price – $14,370 cash payable to Eagle Plains Resources plus:
• 2 % Net Smelter Return (NSR) royalty on all 24 claims.
• Option for Trident to buy back a 1 % NSR royalty for $1 M.
• Related‑Party Nature – Non‑arm’s‑length transaction; Eagle Plains director Tim Termuende also serves as a Trident director/officer. Exemptions from formal valuation and minority approval were relied upon under MI 61‑101 (fair market value ≤25 % of market cap). Transaction subject to TSX Venture Exchange acceptance.
• Geology & Exploration Potential – Claims lie within the northeast‑trending La Ronge domain metavolcanic belt; host mafic–intermediate pyroclastics, andesitic‑to‑dacitic rocks with granitic plugs. Documented gold showings range from trace to 45.5 g/t Au in pyrite‑bearing quartz veining.
• Financial Position – Over $11.0 M cash and marketable securities; fully financed for the upcoming summer drilling program at Contact Lake.
• Strategic Rationale – Expands Trident’s land package adjacent to its flagship high‑grade gold projects, adds multiple high‑priority targets, and enhances potential for resource growth along existing trends.

Notable Quotes

“Our latest land acquisition further adds to Trident's overall portfolio of highly prospective claims in the La Ronge gold belt… The company is in an excellent financial position to maximize the value of our existing gold projects, in addition to adding strategic new claims surrounding our current project portfolio.” – Jonathan Wiesblatt, CEO, Trident Resources Corp.