Rocky Shore Continues to Strengthen Its Gold Anchor Project by Adding Additional Mining Claims

Executive Summary

• Rocky Shore Gold entered into two purchase agreements to acquire a total of 128 mining claims in central Newfoundland, enhancing its strategic position within a premier gold belt.
• The transactions involve issuance of 1,500,000 common shares and cash payments of $46,000, with the vendors retaining a 2.0% NSR royalty (subject to optional repurchase).
• Completion is subject to customary closing conditions; the acquisitions support the upcoming inaugural drill program at the Lane Pond Gold Target.

Key Details

• First Purchase Agreement – Right to earn 100 % interest in 58 mining claims for issuance of 750,000 common shares; vendor retains a 2.0 % NSR royalty with Rocky Shore having the option to repurchase 50 % of the NSR for $1,000,000 cash and a Right of First Refusal on the remaining royalty.
• Second Purchase Agreement – Acquisition of 100 % interest in 70 mining claims for $45,000 cash plus issuance of 750,000 common shares; vendor also retains a 2.0 % NSR royalty, with Rocky Shore able to repurchase 50 % of the royalty for $1,000,000 cash and holding a Right of First Refusal.
• Total Consideration: 1,500,000 common shares + $46,000 cash; potential additional cash outlay of up to $2,000,000 to repurchase portions of the NSR royalties.
• Closing Conditions: Subject to customary closing conditions for transactions of this nature.
• Qualified Person: Ken Lapierre, P.Geo., President & CEO, reviewed and approved all scientific and technical information per NI 43‑101.
• Strategic Rationale: The newly acquired claims are adjacent to the Mosquito Hill and Reid Gold Deposits, the Appleton Fault Corridor, and the Lane Pond Gold Target, providing immediate access to multiple gold systems and supporting the planned drill program at the Gold Anchor Project.
• Forward‑Looking Statements: Include expectations regarding acquisition completion, exploration activities, and future financing needs; subject to risks outlined in the release.

Notable Quotes

“We are thrilled to come to an agreement to purchase a property on trend to both of our intrusion hosted Mosquito Hill and Reid Gold Deposits… This is particularly timely as we prepare our inaugural drill program at Lane Pond.” – Ken Lapierre, President & CEO, Rocky Shore Gold Ltd.