Romios Gold sells 1,200 hectares of claims for $300,000

Executive Summary

• Romios Gold Resources Inc. has sold a 100% interest in a 1,200-hectare claim package in British Columbia's Golden Triangle to Enduro Metals Corp. for $300,000 in cash.
• Romios retains a 2% net smelter returns (NSR) royalty on the sold claims, subject to the terms of a previous royalty agreement dated January 31, 2022.
• The transaction is intended to provide cash for ongoing restructuring and allow Romios to focus on its priority asset, the Trek South copper-gold prospect, with first-time drilling planned for the 2026 field season.

Key Details

• Transaction Value: $300,000 cash.
• Asset Sold: 100% interest in a 1,200-hectare claim package.
• Location: British Columbia's Golden Triangle, adjacent to Enduro's Andrei target on the Newmont Lake project.
• Geological Context: The claims encompass a large magnetic high, part of a newly recognized trend of magnetic and geochemical anomalies suggestive of porphyry copper-gold potential.
• Retained Interest: Romios retains a 2% NSR royalty.
• Royalty Terms: The NSR and royalty property are subject to the terms of the Jan. 31, 2022, royalty agreement between Romios and Enduro.
• Strategic Rationale: The deal provides cash for company restructuring and allows Romios to focus on the Trek South copper-gold prospect.
• Future Plans for Trek South: A drill permit is in place; an updated National Instrument 43-101 technical report with plan and budget is under preparation. First-ever drilling is planned for the 2026 field season. Trek South is located adjacent to Teck-Newmont's Galore Creek deposits.
• Other Assets Mentioned:
  • Kinkaid claims (Nevada): Former producers in the Walker Lane trend, covering shallow Au-Ag-Cu workings over porphyry centers.
  • Scossa mine property (Nevada): Former high-grade gold producer in the Sleeper trend.
  • Lundmark-Akow Lake (Ontario): 100% interest in a large-scale Au-Cu property adjacent to the Musselwhite mine, with encouraging broad VMS-style Au-Cu intersections from prior drilling.
  • Hislop property (Ontario): 2% NSR on McEwen Mining's property.
  • Newmont Lake (BC): 2% NSR on Enduro Metals' property.

Notable Quotes

• "Enduro has been doing an excellent job of advancing their Andrei porphyry copper-gold trend, and they are better placed than Romios to prove up the potential of the non-core package of claims we have sold to them," said Stephen Burega, president. "In the meantime, this deal puts cash in our coffers, advances the ongoing restructuring of the company, and leaves us free to focus on our priority asset in the area: the exciting Trek South copper-gold prospect, which we intend to drill for the first time, next season."