Sasquatch Resources Executes Agreement to Acquire Mineral Claims in Port Alberni Region with Significant Waste Rock Potential

Executive Summary

• Sasquatch Resources Corp. entered into an agreement to acquire 9 (plus up‑to‑10 pending) mineral claims on Vancouver Island covering ~2,520 ha for a purchase price of $123,750 (1,500,000 shares at $0.0825 per share).
• The acquisition includes a 2.0% net smelter returns royalty with an option for Sasquatch to repurchase half of the royalty for $500,000.
• The company plans to assess historic waste‑rock piles and newly constructed logging roads within the claims for mineral content and volume, potentially creating revenue‑generating “win‑win” remediation projects.

Key Details

• Claims Acquired: 9 mineral claims (≈2,520 ha) with an additional 10 pending claims (~201 ha) subject to future grant.
• Documented Occurrences: Lucky Strike, Star of the West, B & K, Golden Eagle, and Golden Dome.
• Purchase Consideration: 1,500,000 common shares @ $0.0825 per share = $123,750 total purchase price. Shares subject to a four‑month hold period.
• Royalty Terms: 2.0% net smelter returns royalty granted to vendor; Sasquatch may repurchase 50 % of the royalty for $500,000 at any time.
• Related Party Transaction: Vendor (Justin Deveault) is an insider; transaction exempt from formal valuation under MI 61‑101 because value <25 % of market cap. All directors approved (Deveault abstained). No material change report filed 21 days prior due to exemption.
• Planned Work: Systematic sampling and volumetric assessment of historic mining waste rock and logging road fill material for gold, silver, copper, lead, sulphur, arsenic, etc., pending Qualified Person review.
• Strategic Rationale (CEO Quote): “These are precisely the types of opportunities we are looking for… waste piles appear to be high in sulphide minerals… grades could prove economic… a revenue opportunity while remediating hazards.”

Notable Quotes

“These are precisely the types of opportunities we are looking for – areas where both mining waste and recent logging road construction may present an opportunity to find easily accessible and potentially mineral‑rich waste rock… Assuming we can successfully navigate permitting … these new areas continue to present win‑win scenarios for Sasquatch, local communities and the Province.” – Peter Smith, CEO

Materiality Assessment: Non‑Material – Positive (small monetary value but strategically significant for future exploration and remediation activities).