Tru Precious options Twilite to Copperhead

Executive Summary

• Tru Precious Metals granted Copperhead Resources an exclusive option to earn a 100 % interest in the Twilite gold project (65 claims, 1,625 ha) in central Newfoundland.
• Copperhead must pay $25,000 cash (already paid), incur $75,000 of exploration expenditures, pay an additional $200,000 cash, and issue shares valued at $300,000 by Aug 18 2027 to complete the earn‑in.
• Upon exercise, Tru will receive a 2.0 % net smelter return royalty on any future mineral production from Twilite.

Key Details

• Option Structure: Exclusive right for Copperhead to acquire full ownership of Twilite.
• Cash Payments: $25,000 paid on Aug 18 2025; additional $200,000 due by Aug 18 2027.
• Exploration Expenditure Requirement: $75,000 (plus applicable taxes) to be spent on the property by Aug 18 2027.
• Equity Component: Copperhead will issue Tru shares equal in value to $300,000 at a deemed price based on Copperhead’s closing CSE price the day before issuance.
• Royalty Grant: Upon option exercise, Copperhead will grant Tru a 2.0 % net smelter return royalty on all future mineral production from Twilite.
• Operational Responsibility: Copperhead holds overall responsibility for property operations; exploration work performed by Tru under Copperhead’s direction at market rates.
• Strategic Rationale (CEO Quote): “Monetizing an asset which is not currently the focus of exploration activities strengthens the company’s financial position whilst still enabling the Twilite project to be advanced.”

Notable Quotes

“We are pleased to be entering into this option agreement on the Twilite project with Copperhead, which we see as continuing our stated aim of remaining focused upon efficiently discovering the full gold and copper potential of our flagship Golden Rose project.” – Steve Nicol, CEO, Tru Precious Metals Corp.