Hi-View to acquire Borealis from Coast Copper

Executive Summary

• Hi-View Resources Inc. has signed a definitive agreement to acquire the Borealis project from Coast Copper Corp., adding 9,106.06 hectares of ground adjacent to its existing claims in the Toodoggone district of north-central British Columbia.
• The acquisition expands Hi-View's land position to include three historically documented occurrences (Firesteel, Bren, and Cas) with significant historic high-grade silver, gold, and copper intercepts, positioning the company adjacent to Centerra’s Kemess complex.
• The transaction involves an initial $50,000 deposit, a $450,000 cash payment upon closing, and the issuance of 3.5 million consideration shares to Coast Copper, along with a 3% Net Smelter Return (NSR) royalty.

Key Details

• Transaction Structure:
  • Target: Borealis project (9,106.06 hectares).
  • Seller: Coast Copper Corp.
  • Initial Deposit: $50,000 non-refundable deposit paid immediately for exploration expenditures to keep the property in good standing for 12 months.
  • Cash Consideration: $450,000 payable upon closing.
  • Equity Consideration: 3.5 million consideration shares issued to Coast Copper.
    • Vesting Schedule: 1.05 million shares become free trading 4 months post-closing; remaining 2.45 million shares vest in equal tranches of 350,000 shares at the end of each following month (final tranche 11 months post-closing).
  • Royalty: Coast Copper retains a 3% NSR. Hi-View has the right to repurchase 1% for $2.5 million and an additional 1% for $5 million.
  • Bonus Payment: If Hi-View undergoes a sale transaction resulting in >51% equity acquisition by a third party, a bonus is payable:
    • <$10M transaction: $500,000 bonus.
    • $10M–$20M transaction: $1,000,000 bonus.

    • $20M transaction: $1,500,000 bonus.

• Historic Technical Data (Cas Area):
  • IP chargeability highs up to 73 msec with coincident low resistivity.
  • Geochemical anomalies: Soils up to 138 ppm Cu and 970 ppb Au; rocks up to 2.3% Cu and 695 ppb Au.
  • Silver sample: 106 g/t Ag in multistage quartz veins.
• Historic Technical Data (Bren Area):
  • Drilling: Hole G-6 reported 349.7 g/t Ag and 0.68 g/t Au over 0.09m; Hole G-3 reported 140.2 g/t Ag and 0.68 g/t Au over 0.60m; Hole G-7 reported 123.1 g/t Ag and 0.34 g/t Au over 0.60m.
  • Surface Work: High-grade silver intervals from 11,135.5 g/t Ag over 0.45m down to 801.3 g/t Ag over 1.35m.
  • Grab Sample: 0.695 g/t Au, 40 g/t Ag, 0.85% Zn, 1.16% Pb, and 2.3% Cu.
• Historic Technical Data (Firesteel Area):
  • Chip/Trench Intervals:
    • 11.5% Zn, 0.50% Cu, 54.0 g/t Ag over 4.8m.
    • 2.3% Zn, 0.3% Pb, 106.0 g/t Ag over 2.1m.
    • 0.80% Zn, 1.2% Cu, 177.8 g/t Ag over 0.9m.
  • Historical Resource: Freibergite-bearing quartz veins up to 11,163 g/t Ag over 0.46m; selective samples up to 44% Zn and 195 g/t Ag.
• Corporate Actions:
  • Grant of 2.7 million restricted share units and deferred share units to select directors, officers, and consultants.
  • Transaction subject to regulatory approvals, including the Canadian Securities Exchange.

Notable Quotes

• "Hi-View has doubled our land package, strategically positioning us adjacent to Centerra's Kemess complex, where porphyries have occurred in clusters... This acquisition I believe unlocks significant shareholder value, allowing us to acquire [a] 100-per-cent interest without any work commitments in an exciting target." — R. Nick Horsley, CEO