Hanstone Gold Options Snip North Project

Executive Summary

• Hanstone Gold Corp. executed a property option agreement with Goldrea Resources Corp., granting Goldrea the right to earn a 70% undivided interest in the 3,443‑hectare Snip North Project.
• To secure the interest, Goldrea must spend $1.25 million in exploration expenditures on a staged schedule through September 2029 and transfer $100,000 in eligible assessment credits (subject to regulatory approval).
• Upon completion of the required spend, the parties will convert to a 70/30 joint‑venture for exploration and exploitation of Snip North, with a formal JV agreement to be negotiated promptly.

Key Details

• Option Agreement Date: September 29, 2025.
• Property Involved: Snip North Project – 3,443 ha located in British Columbia’s Golden Triangle.
• Earn‑In Requirement: Total $1,250,000 exploration spend by Goldrea, broken down as:
• $100,000 by September 30, 2026
• $100,000 by September 30, 2027
• $100,000 by September 30, 2028
• $950,000 by September 30, 2029
• Assessment Credit Transfer: Goldrea to transfer $100,000 in eligible assessment credits to extend the property’s expiry date to June 30, 2026.
• Regulatory Condition: If the BC Ministry of Mining and Critical Minerals does not permit the credit transfer, the Option Agreement terminates.
• Resulting Ownership Structure: Upon full earn‑in, Goldrea will hold 70% and Hanstone 30%; parties will enter a 70/30 joint venture for exploration/exploitation and negotiate a formal JV agreement promptly.
• Strategic Rationale (CEO Quote): “We are excited to have Goldrea concentrate on the advancement of the Snip North Project, while our team focuses on continued development of the wholly owned Doc Property claims.” – Andre Douchane, Executive Chairman.

Notable Quotes

“We are excited to have Goldrea concentrate on the advancement of the Snip North Project, while our team focuses on continued development of the wholly owned Doc Property claims,” said Andre Douchane, Executive Chairman of Hanstone.