Sokoman Minerals Corp. Expands Land Position at Crippleback Lake

Executive Summary

• Sokoman Minerals signed two purchase agreements to acquire a total of 179 mineral claims in the Crippleback Lake area, increasing its landholdings to over 13,000 ha.
• Consideration includes cash payments ($20,000 and $2,500) plus issuance of 600,000 common shares; an optional additional NSR purchase is available for $500,000.
• The acquisitions are subject to TSX Venture Exchange approval and will be followed by immediate geophysical surveys, sampling and mapping.

Key Details

• United Gold Agreement: 100% undivided interest in 105 claims; payment of $20,000 cash + 500,000 common shares.
• Evans Agreement: 100% interest in 74 claims with a 1 % NSR royalty to David Evans; payment of $2,500 cash + 100,000 common shares.
• Optional NSR Purchase: Sokoman may acquire half of the 1 % NSR for $500,000.
• Option Exercise Fee: If the Evans Property is later optioned to a third party, Sokoman will pay David Evans an additional $15,000 cash.
• Total Land Position: Combined with existing holdings, control now exceeds 13,000 ha at Crippleback Lake.
• Planned Activities: Immediate boots‑on‑the‑ground work – IP geophysical surveys, soil and rock sampling, geological mapping – to commence in the coming days.
• Regulatory Condition: Both agreements are pending approval by the TSX Venture Exchange.

Notable Quotes

“We are pleased to have locked in these two key pieces of ground in what we feel is an emerging new copper‑gold play in central Newfoundland… We will immediately get boots on the ground with IP geophysical surveys, soil and rock sampling and geological mapping planned to start in the coming days.” – Tim Froude, CEO.