Showcase to acquire Grassy, Premier East gold projects

Executive Summary

• Showcase Minerals Inc. has entered into an agreement to acquire a 100% interest in the Grassy and Premier East gold projects located in the Golden Triangle region of British Columbia, in exchange for 5 million common shares subject to a hold period.
• The company announced a non-brokered private placement of up to 3 million units at $0.07 per unit, generating up to $210,000 in gross proceeds for debt payment and working capital.
• Mr. Rene Bernard has been appointed as President and CEO, replacing Kirk Reed, who will remain as a director and consultant.

Key Details

• Property Acquisition (Grassy and Premier East):
  • Consideration: 5,000,000 common shares issued to the vendor.
  • Hold Period: Shares are subject to a four-month-and-one-day hold period from issuance.
  • Premier East Project:
    • Located ~10 km north of Stewart, B.C., east of the former Premier mine.
    • Consists of one claim (325.28 hectares).
    • Historical sampling by Decade Resources (2018) identified the "Copper Coin" showing with gold up to 5.72 g/t, silver up to 6,110 g/t, copper up to 11.6%, lead up to 13.2%, and zinc up to 43.7%.
    • Previous high-grade samples reported by Grove (1971) included 0.16 oz/t Au, 505-550 oz/t Ag, 1.47% Cu, 35.15% Pb, and 19.18% Zn.
  • Grassy Project:
    • Located 24 km north of Stewart, B.C.
    • Consists of two claims (830.3 hectares).
    • Subject to a 2% Net Smelter Returns (NSR) royalty.
    • Historical exploration included underground work and adits.
    • Decade Resources completed rock/soil sampling and three drill holes; best result was 1.56 g/t Au over 3.05 metres.
• Private Placement Financing:
  • Structure: Non-brokered private placement of up to 3,000,000 units.
  • Price: $0.07 per unit.
  • Gross Proceeds: Up to $210,000.
  • Warrant Terms: Each unit includes one three-year transferable share purchase warrant exercisable at $0.10 per share.
  • Use of Proceeds: Debt payment and general working capital.
  • Hold Period: Securities subject to a hold period of four months and one day from closing.
  • Insider Participation: Insiders may participate; exempt from formal valuation and minority shareholder approval under MI 61-101.
• Management Changes:
  • New CEO: Rene Bernard appointed President and CEO.
  • Outgoing CEO: Kirk Reed replaced as CEO but continues as Director and Consultant.
  • Background: Mr. Bernard has 25 years of experience in public mineral exploration companies and is currently a director of MTB Metals Corp.
• Regulatory/Technical:
  • Transaction subject to Canadian Securities Exchange acceptance for filing.
  • Qualified Person: Ed Kruchkowski, PGeo (President of Decade Resources, the vendor), reviewed and approved technical contents.

Notable Quotes

• No direct quotes from executives were included in the text.