Trident Resources options Reindeer project

Executive Summary

• Trident Resources entered an arm’s‑length option agreement to acquire up to a 100% interest in the 26,910‑hectare Reindeer project in northern Saskatchewan.
• The earn‑in is structured in three stages: 50% for $35,000 cash + 1 M shares; additional 25% for 500k shares by year 1; final 25% for another 500k shares by year 2.
• The acquisition creates a strategic land corridor linking Trident’s existing Knife Lake and Greywacke projects along the Tabbernor fault system, enhancing exploration potential for gold and base metals.

Key Details

• Property description: 10 contiguous mineral claims totaling 26,910 ha; located near Highway 905 and adjacent to Cameco/Orano uranium operations.
• Geological context: Lies on the contact between La Ronge and Kisseynew domains of the Trans‑Hudson Orogen; intersected by three strands of the Tabbernor fault system (host to Seabee Gold mine).
• Historical mineralization: Grab samples show Au 0.16–0.60 oz/t (Discovery), Cu up to 0.77 wt% and Zn 0.20 wt% with Au 0.061 oz/t (Rosie).
• Earn‑in schedule:
• First option (50%) – $35,000 cash + 1,000,000 Trident common shares at closing.
• Second option (75%) – additional 500,000 shares on or before the first anniversary of closing.
• Third option (100%) – additional 500,000 shares on or before the second anniversary of closing.
• Share terms: Issued shares subject to a statutory hold period of four months + one day; no finders’ fees payable.
• Alternative outcome: If Trident does not earn‑in to 100%, parties will form a joint venture to continue advancing the property.
• Regulatory condition: Agreement pending approval by the TSX Venture Exchange.
• Qualified person: Technical data reviewed and approved by Cornell McDowell, P.Geo., non‑independent QP under NI 43‑101.

Notable Quotes

“The Reindeer project represents our largest land acquisition to date… creates a strategic connection between our Knife Lake and Greywacke projects… enabling us to advance exploration across a consolidated land position in an efficient and synergistic way.” – Jonathan Wiesblatt, CEO, Trident Resources Corp.