Montego Announces Closing of Purchase Agreement FOR Black Dog GOLD Project
MONTEGO RESOURCES INC.
400 – 837 West Hastings Street, Vancouver, BC, V6C 3N6
T (604) 318-0114
MONTEGO ANNOUNCES CLOSING OF PURCHASE AGREEMENT FOR BLACK DOG
GOLD PROJECT
Vancouver, BC. – October 7, 2022 – Montego Resources Inc. (CSE: MY .X; FRA: 4MO1)
(the “Company” or “Montego”) announces that it has signed a Purchase and Sale Agreement to
acquire 100% interest in and to the Black Dog gold project located in Northern Quebec. The 1,400-
hectare Black Dog project consists of a block of 27 mineral claims approximately 60 kilometres
north of Nemiscau, Que bec., in an immediate area that has seen prospective exploration activity
in recent years.
In consideration for the acquisition of the Black Dog project, over the course of four years, the
company will be required to complete a series of cash payments totaling $300,000 (of which
$75,000 is due upon closing), and issue an aggregate total of fifty million common shares over the
period of four years as follows:
Issued Upon Common Shares Cash Payments
• Signing of Purchase and Sale Agreement 5,000,000 shares $75,000.00
• 1st Year Anniversary of Signing 10,000,000 shares $75,000.00
• 2nd Year Anniversary of Signing 15,000,000 shares $75,000.00
• 3rd Year Anniversary of Signing 20,000,000 shares $75,000.00
Upon completion of the payments, share issuances and expenditures, the company will hold a 100-
per-cent interest in the Black Dog project, subject to a 2 -per-cent net smelter return royalty in
favour of the vendor.
For Further Information Contact
David Greenway
Interim CEO and Director
Phone: (604) 318-0114
Neither the Canadian Securities Exchange nor the Market Regulator(as that term is defined in the
policies of the CSE) accepts responsibility for the adequacy or accuracy of this News Release.
Cautionary Statement Regarding Forward-Looking Information
Forward-Looking Information This news release contains forward‐looking statements and forward‐looking
information within the meaning of applicable securities laws. These statements relate to futu re events or
future performance. All statements other than statements of historical fact may be forward‐looking
statements or information. Generally, forward -looking statements and information may be identified by
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particularly and without limitation, this news release contains forward‐looking statements and information
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concerning the recommencement of the trading of the Common Shares and the change of symbol. Forward-
looking statements consist of statements that are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future. Readers are cau tioned not to place undue
reliance on forward -looking statements, as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur. By their nature, forward -looking statements involve
numerous assumptions, known and unknown risks and uncertainties, both general and specific that
contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking
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uncertainty relating to the timing of resumption of trading or the Common Shares and the change of symbol.
Forward-looking statements contained in this press release are expressly qualified by this cautionary
statement. The forward-looking statements contained in this press release are made as of the date of this
press release. Except as required by law, the Company disclaims any intention and assumes no obligation
to update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or
statements made by, third parties in respect of the matters discussed above.