Decade to sell Red Cliff, Premier E. interests to Mabel

Executive Summary

• Decade Resources Ltd. entered into a definitive purchase agreement to sell its 65 % interest in the Red Cliff property and its 100 % interest in the Premier East property to Mabel Ventures Inc.
• The transaction provides Decade with $600,000 cash plus reimbursement of previously advanced reclamation‑bond funds, delivering non‑dilutive capital for other exploration projects.
• Closing is subject to regulatory approvals and a minimum $1 million financing commitment by Mabel Ventures.

Key Details

• Transaction Parties: Decade Resources Ltd. (seller) and Mabel Ventures Inc. (buyer).
• Properties Sold: 65 % of Red Cliff property; 100 % of Premier East property, both in the Skeena mining division, British Columbia.
• Purchase Price: $600,000 cash payable to Decade for the combined interests.
• Reimbursement: Mabel Ventures will reimburse Decade for its share of previously advanced reclamation‑bond funds related to Red Cliff permitting.
• Closing Conditions:
• Receipt of all required regulatory approvals and consents.
• Mabel Ventures must secure financing of at least $1 million.
• Execution and delivery of standard closing documentation.
• Strategic Rationale (Decade): Provides non‑dilutive funding to advance other exploration assets; aligns with Decade’s strategy to unlock value from its portfolio in northwestern British Columbia.

Notable Quotes

(No direct quotes were provided in the release.)