Golden Age Exploration Announces Exclusive Option to Acquire a 100% Interest in Australian Uranium Assets

Executive Summary

• Golden Age Exploration Ltd. entered into an exclusive option agreement to acquire 100% of a suite of uranium assets in South Australia and the Northern Territory.
• The company will pay C$150,000 for the option and has a 60‑day exclusivity period to conduct due diligence.
• The transaction is a related‑party deal but falls under MI 61‑101 exemptions because its fair market value does not exceed 25% of Golden Age’s market capitalization.

Key Details

• Parties: Golden Age Exploration Ltd. (CSE: GDN) and 1322645 BC Ltd. (the “Optionor”).
• Option Scope: Exclusive right to conduct due‑diligence and acquire a 100 % interest in the uranium asset suite (“Assets”) located in South Australia and the Northern Territory, Australia.
• Consideration: C$150,000 payable by Golden Age to the Optionor for the option grant.
• Exclusivity Period: 60 days from the agreement date; during this time the Optionor may not solicit other parties.
• Due‑Diligence Access: The Optionor must provide full technical, financial and legal data to Golden Age and its advisors.
• Related Party Disclosure: Transaction qualifies as a “related party transaction” under MI 61‑101; Golden Age relies on exemptions from valuation and minority shareholder approval because the fair market value is ≤25 % of its market cap.

Notable Quotes

(No direct quotes were provided in the release.)