Americore Resources Corp. Announces Closing of Initial Payments Under Primus Option Agreement

Executive Summary

• Americore Resources Corp. completed the first two required payments under its option agreement with Primus Resources, securing 42 unpatented lode mining claims that expand the Trinity Silver Project land base to ~22,700 acres.
• Total paid to date: USD $8,900 (execution) plus USD $25,000 and issuance of 100,000 common shares. Remaining payment schedule outlined through third anniversary.
• NSR terms clarified: Primus retains a 2% net smelter royalty, with Americore able to purchase the 1% portion for either USD $2,000,000 or 38,000 oz Ag (correcting prior 30,000‑oz reference).

Key Details

• Claims Acquired: 42 unpatented lode mining claims contiguous with Trinity Silver Project in Pershing County, Nevada.
• Land Position: Expanded to approximately 22,700 acres (9,200 ha), encompassing historic resource estimate of 36 M oz Ag‑eq (2012).
• Payments Made:
• USD $8,900 paid at execution of agreement.
• USD $25,000 plus 100,000 common shares issued and paid within five business days of TSX Venture Exchange filing.
• Future Payment Obligations:
• Year 1 anniversary: USD $40,000 cash + 150,000 shares.
• Year 2 anniversary: USD $60,000 cash + 250,000 units (each unit = 1 share + 1 warrant).
• Year 3 anniversary: USD $230,000 cash + 500,000 units.
• NSR Clarification: Primus retains 2% NSR; Americore may purchase 1% for either USD $2,000,000 or 38,000 oz Ag (previously misstated as 30,000 oz).
• Historical Data on Claims: Historic sampling returned up to 1,690 g/t Ag and 4.33 g/t Au; land includes 364 historic drill holes previously owned by Newmont.
• Transaction Nature: Arm’s‑length; no finders’ fees paid.

Notable Quotes

“Completing the first two payments under the Primus agreement underscores our commitment to rapidly advancing the Trinity Silver Project,” – Jeff Poloni, CEO.

Qualified Person: Chris M. Healey, P.Geo., Chief Geologist and Director (NI 43‑101).