Sasquatch Resources Executes Agreement to Acquire Additional Mineral Claims on Mount Sicker and Provides Update Surrounding Santana Property

Executive Summary

• Sasquatch Resources Corp. executed an asset purchase agreement to acquire 14 mineral claims on Mount Sicker for $120,000 (2 M shares at $0.06 each) and a 1.0% NSR royalty, with a repurchase option prior to commercial production.
• The newly acquired area contains exposed high‑sulphide waste rock that may contain valuable gold, silver, copper and zinc; the company plans to incorporate this material into its reclamation program.
• A grid‑sampling program at the Santana property returned average grades of 0.818 g/t Au, 84.8 g/t Ag and 3.09 % Cu across 61 samples, indicating significant metal content in waste rock.

Key Details

• Transaction Terms:
• Issuance of 2,000,000 common shares at $0.06 per share (total purchase price $120,000).
• Shares subject to a four‑month hold period under securities law.

• 1.0% net smelter returns royalty granted to vendors; Sasquatch may repurchase half of each NSR for $1,000,000 before commercial production begins.

• Related Party Considerations:

• Vendor Justin Deveault is a director; transaction qualifies for MI 61‑101 exemption (fair market value < 25 % of market cap).

• All directors except Mr. Deveault approved the deal; no material change report filed due to exemption.

• Mount Sicker Claims:

• 14 claims covering ~1,636 ha on Vancouver Island.
• Recent logging roads have exposed substantial surface mineralization (high‑sulphide waste).

• Company intends to use the newly exposed waste rock in its existing reclamation plans for legacy sites (Lenora, Tyee, Richand III).

• Santana Property Sampling (Quadra Island):

• Grid sampling of 517.19 ha former Santana mine area; 61 samples collected.
• Average grades: 0.818 g/t Au, 84.8 g/t Ag, 3.09 % Cu.
• Rock geochemistry also shows elevated Bismuth, Cadmium, Molybdenum, Rhenium, Antimony, Tellurium, Zinc.

• Results to be posted on the company website; further work (channel sampling, backpack drilling) planned for Oct‑Nov.

• Future Work & Plans:

• Systematic sampling and volume calculations of high‑sulphide waste at Mount Sicker scheduled soon.
• Planned reclamation of surface waste piles to mitigate environmental hazards while potentially generating revenue from concentrate sales.

Notable Quotes

“There is a substantial volume of newly discovered high‑sulphide waste… our goal is to remove all the high sulphides we can find piled at surface on Mount Sicker, which improves the environment and makes the mountain safe, while also possibly leading to a significant financial windfall.” – Pete Smith, CEO

“We are thrilled with these results… high silver and gold values that seem to be occurring with the copper… this helps bolster prospects for repeating our model at both Blue Grouse and Santana.” – Peter Smith, CEO