Canadian GoldCamps Announces Definitive Option Agreement with Stelmine for Courcy & Mercator Projects

Executive Summary

• Canadian GoldCamps Corp. entered a definitive option agreement with Stelmine Canada Ltd. to earn up to an 80% interest in the Courcy and Mercator gold projects in Québec.
• The company has already earned an initial 10% stake; the remaining 70% can be earned upon completion of a PEA or pre‑feasibility study within six years, subject to extensions.
• Milestone payments include $5 M payable on receipt of construction permits and $15 M on commencement of commercial production, plus royalty arrangements (2.0% NSR on Mercator, 1.0% NSR on Courcy) with partial buy‑back options.

Key Details

• Option Structure:
• Initial earned interest: 10% (already secured).
• Earn‑in target: additional 70% for a total of up to 80% ownership.

• Earn‑in condition: completion of a Preliminary Economic Assessment (PEA) or pre‑feasibility study within six years (customary extensions permitted).

• Financial Commitments:

• Cash paid to Stelmine at signing: $100,000 (no additional securities issued).
• Milestone payment #1: $5,000,000 upon receipt of construction permits.

• Milestone payment #2: $15,000,000 upon commencement of commercial production.

• Royalty Terms:

• Mercator Project: 2.0% net smelter returns (NSR) royalty to Stelmine; 1.0% buy‑back option for $1,000,000.
• Courcy Project: 1.0% NSR royalty to Stelmine; 0.5% buy‑back option for $500,000.

• Existing third‑party royalty on Courcy: non‑redeemable 0.25% NSR.

• Exploration & Maintenance Obligations:

• Canadian GoldCamps responsible for all exploration expenditures and maintaining the projects in good standing throughout the option period.

• If the company elects not to proceed or withdraws before delivering a PEA, it must return the projects free of encumbrances.

• Regulatory & Closing Conditions:

• Transaction subject to final acceptance by the Canadian Securities Exchange and other customary regulatory approvals.

Notable Quotes

• “The definitive option agreement solidifies our strategic focus on high‑quality gold assets in Québec and provides a clear pathway to increase our ownership while aligning incentives with Stelmine.” – George Yordanov, President & CEO, Canadian GoldCamps Corp.