BULLETIN V2026-2211
LABRADOR GOLD CORP. ("LAB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 2, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to an arm's length option agreement (the "Agreement") between Labrador Gold Corp. (the "Company") and an arm's length party: Pacific Ridge Exploration Ltd. (the "Optionor"). Pursuant to the Agreement, the Company will have an option to acquire a 100% undivided interest in the Mariposa and Eureka Dome gold projects, Yukon Territory (the "Property").
In order to exercise the option, the Company must pay the Optionor (i) $500,000 in cash in tranches over a 4-year period; (ii) issue up to a maximum aggregate of 6,670,000 common shares issuable in tranches over a 4-year period; and (iii) incur an aggregate of $5,400,000 in exploration expenditures on the Property over a 4-year period. The Company shall pay the Optionor the sum of $1,000,000 on the filing of a Feasibility Study in respect of any part of the Property. The cash and securities considerations may be accelerated at the discretion of the Company.
CASH ($) SECURITIES WORK EXPENDITURES ($)
CONSIDERATION $500,000 6,670,000 Common Shares $5,400,000
The Mariposa Project is subject to a 2% net smelter return royalty and the Eureka Dome project is subject to a 1% net smelter return royalty.
For further details, please refer to the Company's news release dated May 11, 2026.
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