Americore Resources Corp. Closes Trinity Silver Project Agreement with Newmont

Executive Summary

• Americore Resources completed the first payment under its Trinity Silver Project agreement with Newmont, issuing 100,000 shares and paying US$50,000 cash.
• The agreement outlines further cash and share payments for years 1‑2 and a purchase option requiring US$350,000 cash, 700,000 shares, and a 2% NSR royalty (with a 1% buy‑out right).
• Americore filed an NI 43‑101 technical report for the Trinity Project and granted 1.6 million incentive stock options to directors/consultants at $0.30 per share.

Key Details

• First‑Year Rental Payment: US$50,000 cash + issuance of 100,000 common shares (subject to a four‑month‑plus‑one‑day hold period).
• Finder’s Fees for First Payment: US$3,750 cash and 7,500 Americore shares paid to the finder.
• Second‑Year Rental Obligation (due by first anniversary): US$100,000 cash + issuance of 300,000 common shares.
• Purchase & Sale Option (upon meeting conditions):
• One‑time cash payment of US$350,000 to Newmont.
• Issuance of 700,000 Americore common shares to Newmont.
• Grant of a 2% net smelter return (NSR) royalty; Americore may purchase half (1%) for US$3.5 million before commercial production.
• Technical Report: “Technical Report on the Trinity Project” filed on SEDAR+, effective Oct. 16 2025, authored by Jeffery Bickel, C.P.G., RESPEC (qualified person under NI 43‑101).
• Incentive Stock Options Granted: 1.6 million options to directors and consultants; five‑year term; exercise price $0.30 per common share.
• Project Overview: Trinity Silver Project covers ~14,523 acres in Pershing County, Nevada, encompassing a historic open‑pit, heap‑leach silver operation.

Notable Quotes

(No direct quotes were provided in the release.)