Gamma Resources receives TSX-V OK to buy two projects

Executive Summary

• Gamma Resources completed the acquisition of two advanced‑stage uranium projects (Green River in Utah and Mesa Arc in New Mexico) via a four‑year lease with an exclusive purchase option.
• The transaction involves $50,000 upfront, $200,000 within 120 days, annual lease payments of $250,000 for three years, and an option to buy 100% of the projects for $1.8 million, all creditable toward the purchase price.
• No royalties, minimum work obligations, or finder’s fees are required; Gamma gains full in‑situ recovery, mining, surface and subsurface rights, positioning it to advance fieldwork later in 2025.

Key Details

• Lease Agreement Date: April 14 2025 with C Bar B Properties Corp. (arm’s‑length vendor).
• Projects Acquired: Green River (Utah) – 41 mining claims; Mesa Arc (New Mexico) – 41 mining claims; total of 82 claims.
• Initial Consideration: $50,000 U.S. paid at signing.
• Additional Payment: $200,000 U.S. payable within 120 days of execution.
• Annual Lease Payments: $250,000 U.S. due on each of the first, second, and third anniversaries of the lease.
• Option to Purchase: Exclusive right to acquire 100% interest in both projects for a cash payment of $1.8 million U.S.; all prior payments are creditable toward this price.
• Royalty & Work Obligations: No production royalty; no mandatory exploration or development spending commitments.
• Rights Granted: Full in‑situ recovery, mining, surface and subsurface rights; all new exploration data remains Gamma’s property.
• Protection Clause: One‑mile area of interest safeguarded with a two‑year post‑termination restriction on competing claims or acquisitions.
• Finder’s Fee: None paid for this transaction.
• Operational Timeline: Fieldwork at Green River expected to commence later in 2025.
• Strategic Rationale: Enhances Gamma’s U.S. uranium portfolio to meet growing domestic demand and supports North American clean‑energy objectives.

Notable Quotes

“The completion of these acquisitions marks a pivotal step in Gamma's entry into the U.S. uranium sector… With global demand for secure, domestic uranium supply on the rise, we are excited to play a role in supporting North America's clean energy future.” – Gabriel Alonso‑Mendoza, President & CEO

Mark Saxon (FAusIMM, MAIG), a qualified person under NI 43‑101 and director of Gamma Resources, reviewed and approved the scientific and technical disclosure.