ROCK Edge Closes Acquisition FOR Val-D'Or East Property
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ROCK EDGE CLOSES ACQUISITION FOR
V AL-D'OR EAST PROPERTY
Vancouver, British Columbia, April 12, 2023, Rock Edge Resources ("Rock Edge," or the
"Company") is pleased to announce the completion of the previously announced acquisition (the
“Acquisition”), by Rock Edge of all of the issued and outstanding securities in the capital of
1403437 BC Ltd. The Acquisition was completed pursuant to the terms and conditions of the
definitive agreement previously announced April 11, 2023 , among the shareholders of 1403437
BC Ltd. and Rock Edge.
1403437 BC Ltd. holds a 100% undivided interest in the Val -d'Or East Mineral Claims (the
"Property") in the Province of Quebec, Canada. The Property consists of 90 mining claims covering
approximately 5,292 hectares or 53 square km. The Property is located 30km southeast of Val -
d'Or, accessible via the regional 117 highway.
The Property is located approximately 65km southeast from The NAL Lithium Processing Plant
(A Piedmont/Sayona Joint Venture), which just announced it produced its first batch of spodumene
concentrate (SC6) and 30km southwest of Val-d'Or, a logistics hub for mining service. Currently,
three lithium refiners are in the works, with Sayona planning to commission a refinery that will
output Lithium Hydroxide, located approximately 70km southeast of the Property. Additionally,
there is a third refinery planned by Nameska near Becancour, about 200km southeast of the Rock
Edge's Val d'Or East Lithium Project.
The Property is contiguous to Sayona Mining Limited's (ASX: SYA) Property and to Brunswick
exploration property. The Property lies chiefly on the metagraywackes of the Pontiac Geological
Subprovince. The Réservoir Decelles Batholith is located 1 -3km away from the Property and
consists of a he terogeneous granite which contain muscovite -pegmatites. The vicinity of the
Property was prospected for Cu -Ni (Lac Granet, Lac Louvicourt -South and Céré -Villebon), and
the search for pegmatites was ignored until very recently.
In connection with the Acquisition, shareholders of 1403437 BC Ltd., on a pro-rata basis, received
a cash payment of $30,000 upon closing of the Acquisition, and will receive a cash payment of
$30,000, on a pro-rata basis, on or before April 12, 2024. Furthermore, the Company issued t he
shareholders of 1403437 BC Ltd. , on a pro -rata basis, 750,000 units of the Company (the
"Consideration Units") at a deemed price of $0.10 per Consideration Unit. The Consideration Units
consist of (a) 750,000 common shares of the Company (the "Unit Shar es") and (b) 750,000
common share purchase warrants of the Company (the "Unit Warrants") entitling holders to
purchase one common share of the Company with an exercise price of $0.20 per common share
expiring April 12, 2026. 350,000 Consideration Units have a hold period expiring August 13, 2023
and the remaining 400,000 Consideration Units have a hold period expiring April 12, 2024.
About Rock Edge Resources Ltd.
Rock Edge Resources Ltd . is focused on acquiring and exploring mineral property assets, w ith a
specific emphasis on the Northwestern Ontario Lithium belt and the province of Quebec. Its
objective is to locate, develop and bring to market economically viable properties that contain
critical minerals, base metals and precious metals. With the su pport of the Ontario government's
Critical Minerals Strategy, Rock Edge is poised to take advantage of the growing demand for these
essential minerals and contribute to the region's economic growth.
On Behalf of the Board of Directors
Charles Desjardins
Chief Executive Officer and Director
Phone #604-808-3156
Email: [email protected]
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news
release and accepts no responsibility for the adequacy or accuracy hereof.
Forward Looking Statements
This news release contains "forward -looking statements" and "forward looking information" (as defined
under applicable securities laws), based on management's best estimates, assumptions, and current
expectation s. Such statements include but are not limited to, statements with respect to the plans for future
exploration and development of the Company’s properties and the acquisition of additional exploration
projects. Generally, these forward -looking statements c an be identified by the use of forward -looking
terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates",
"believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective" , and
similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur.
These statements should not be read as guarantees of future performance or results. Such statements involve
known and unknown risks, uncertain ties and other factors that may cause actual results, performance or
achievements to be materially different from those expressed or implied by such statements, including but
not limited to: risks related to the receipt of all necessary regulatory and thir d party approvals for the
proposed operations of the Company’s business and exploration activities, risks related to the Company’s
exploration properties; risks related to international operations; risks related to general economic conditions,
actual resul ts of current exploration activities, unanticipated reclamation expenses; changes in project
parameters as plans continue to be refined; fluctuations in prices of commodities including lithium and gold;
fluctuations in foreign currency exchange rates, incr eases in market prices of mining consumables, possible
variations in reserves; failure of plant, equipment or processes to operate as anticipated; accidents, labour
disputes, title disputes, claims and limitations on insurance coverage and other risks of t he mining industry;
delays in the completion of exploration, development or construction activities, changes in national and
local government regulation of mining operations, tax rules and regulations, and political and economic
developments in jurisdictio ns in which the Company operates. . Although the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained in
forward -looking statements, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. The forward -looking
statements and forward -looking information are made as of the date hereof and are qualified in their entirety
by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or
to publicly announce the result of any revisions to a ny forward -looking statements or forward -looking
information contained herein to reflect future results, events or developments, except as require by law.
Accordingly, readers should not place undue reliance on forward -looking statements and information. P lease
refer to the Company's most recent filings under its profile at www.sedar.com for further information
respecting the risks affecting the Company and its business.