Silver Sands Resources Corp. Enters into Letter of Intent to Acquire 100 Percent Interest in the Fairfield Gold Project, Nayarit, Mexico

Executive Summary

• Silver Sands Resources entered a non‑binding LOI with Fairfields Gold S.A. de C.V. to acquire 100% of the 712.7‑ha Fairfield Gold Project in Nayarit, Mexico.
• Acquisition can be earned by paying US $675,000 in cash and issuing 5,150,000 common shares over four years, plus a finder's fee of 1,050,000 shares upon signing the definitive agreement.
• Historical drilling highlights significant gold‑silver mineralization (e.g., 12.15 g/t Au & 443 g/t Ag over 0.55 m; 23.49 g/t Au & 64.13 g/t Ag over 3.4 m).

Key Details

• Transaction Structure:
• Cash consideration: US $675,000 total (staged payments).
• Equity consideration: 5,150,000 common shares issued over four years to earn full interest.

• Finder’s fee: 1,050,000 common shares payable upon execution of the definitive agreement, subject to CSE approval and statutory hold periods.

• Project Description:

• Fairfield Gold Project – gold‑silver project with porphyry copper potential; located ~70 km NE of Puerto Vallarta and ~25 km SW of Tepic, Mexico.

• Property size: 712.7 hectares.

• Historical Exploration Highlights (non‑binding):

• Asarco adits (1926‑1935) intersected Miravalles Vein with average grades of 31.2 g/t Au and 401 g/t Ag.
• 2006 SGMM drill hole DDH‑3 results:
  • 0.55 m @ 12.15 g/t Au, 443 g/t Ag (depth 178.1 m).
  • 3.4 m @ 23.49 g/t Au, 64.13 g/t Ag (depth 183.1 m).
  • Interval 196.15‑201.2 m averaging 4.71 g/t Au, 16.8 g/t Ag.

• Chip sampling on parallel Estrella Vein: 43.1 g/t Au and 155 g/t Ag over 0.10 m.

• Geology Summary:

• Located on northern margin of altered Cretaceous hornblende granodiorite pluton.

• Miravalles Vein strikes ~300°, dips 65‑76° NW, with >2 m wide shoots; alteration includes phyllic and propylitic zones; mineralization contains chalcopyrite, sphalerite, galena, arsenic, sulfosalts.

• Conditions & Regulatory:

• LOI is non‑binding except confidentiality and exclusivity provisions.

• Completion subject to satisfactory due diligence, definitive agreement negotiation, and all required regulatory approvals (including CSE).

• Qualified Person: R. Tim Henneberry, P.Geo., Director of Silver Sands, reviewed and approved technical content per NI 43‑101.

Notable Quotes

“The Fairfield Gold Project represents an excellent opportunity in a top notch mining friendly jurisdiction for Silver Sands… giving the project considerable blue sky potential.” – Keith Anderson, CEO & President.