Goldrea Resources acquires Snippet property in B.C.

Executive Summary

• Goldrea Resources Corp. acquired a 100 % interest in the Snippet gold‑copper prospect in British Columbia’s Golden Triangle.
• Consideration was paid with 500,000 Goldrea common shares issued to an arm’s‑length vendor.
• The newly acquired 213‑hectare property adjoins Goldrea’s existing Snip North claims and brings the company’s total land holdings in the region to over 8,600 ha.

Key Details

• Target Property: Snippet property, northwestern British Columbia, ~213 ha.
• Location Context: Adjacent to Goldrea’s Snip North claims; ≈5 km east of Seabridge Gold’s recent drilling target.
• Consideration: 500,000 Goldrea common shares transferred to the vendor (arm‑length transaction).
• Strategic Rationale: Expands Goldrea’s land package in the prolific Golden Triangle to >8,600 ha, enhancing project scale and potential value.
• Management Comment: Jim Elbert, President & CEO – “We are very pleased to acquire another quality property… we are excited about the prospective value of our mineral project.”

Notable Quotes

“We are very pleased to acquire another quality property in the prolific Golden Triangle region of B.C. Goldrea has now assembled a sizable land package of over 8,600 hectares in the heart of the Triangle, and we are excited about the prospective value of our mineral project.” – Jim Elbert, President & CEO

Materiality Assessment: Material – Positive (significant expansion of land base in a high‑potential mining district.)