CAT Strategic Metals Expands Exploration Potential of Burntland Project Through Additional Land Acquisition
1010 –789 West Pender Street, Vancouver, BC V6C 1H2
NEWS RELEASE
CSE: CAT
OTC: CATTF
FRA:8CH
CAT STRATEGIC METALS EXPANDS EXPLORATION POTENTIAL OF BURNTLAND
PROJECT THROUGH ADDITIONAL LAND ACQUISITION
VANCOUVER, BC: December 20, 2021 - CAT Strategic Metals Corporation (CSE: CAT) (“CAT”
or the "Company") announces that it has entered into a Property Acquisition Agreement (the
“Agreement”) dated November 30, 2021 with 9248-7792 Quebec Inc. (“9248”) and Prospect Or
Corp. (“POC”, and collectively with 9248, the “Vendors”) to acquire two additional claims
comprised of 520 hectares of land (the “Property”) that are adjacent and contiguous to the
Burntland Project currently under option to the Company, as announced in a news release on
September 17, 2020.
Under the terms of the Agreement, the Vendors will assign, transfer and sell each of its rights,
titles, and interests in and to the Property in exchange for CAT issuing a total of 7,000,000
common shares (the “Shares”) to the Vendors. In addition, the Vendors shall retain a 2% Net
Smelter Return (the “NSR”) royalty, with CAT having the right to repurchase half of the NSR at
any time in consideration of an amount of $1,000,000 being payable to the Vendors.
The Burntland Project
The newly acquired claims will be added to what is known as the Burntland Project in northern
New Brunswick, that is currently undergoing a seven-hole diamond drilling exploration program
that was initially expected to conclude by the end of December but will continue into January
following the Christmas and New Years break. The drill program was put together following
extensive trenching work, two airborne geophysical surveys, and an extensive review and
interpretation of the historical prospecting database. According to CAT’s Project Manager and
Qualified Person, Patrick Laforest, “The new acquisition comprises the southern part of the
McKenzie Goth, a felsic intrusion at the contact of which is located the Legacy Skarn Copper‐
Silver Deposit and the JJ Zone, Skarn Zone, both owned by Murray Brook Minerals Inc. (a
subsidiary of Puma Exploration). This acquisition, in addition of the preliminary interpretation of
the recent geophysical survey, brings higher potential and quality targets to the Burntland
property for the future exploration campaign”.
This acquisition of additional claims adjacent to the Company’s existing land package came
about as a result of a review of certain technical data provided by the Vendors that suggests a
potentially strong correlation to, and extension of, the geologic trend that CAT is currently drilling.
Robert Rosner, the Company’s CEO enthusiastically stated that, “When we looked at the data
and geology of the claims that were next door to the land we currently have under option and
are drilling, it immediately became apparent that we might have a much larger and highly
prospective area to explore and eventually drill. As a result, the board of directors were motivated
to acquire the property and immediately commence compiling information toward producing a
solid and extensive exploration plan.”
Qualified Person
Mr. Patrick Laforest, P.Geo (Québec), is the qualified person as defined by National Instrument
43-101 who has reviewed and approved the technical contents of this press release. The
Qualified Person has not completed sufficient work to verify the historic information on the
Property, particularly in regard to the neighbouring projects and historical drilling data.
1010 –789 West Pender Street, Vancouver, BC V6C 1H2
About CAT Strategic Metals Corporation:
CAT Strategic Metals Corporation is a Canadian based mineral exploration company focused on
the acquisition and de risking of overlooked projects situated in well-established World Class
geological districts in North America. The Company is specially focused on minerals which are
considered highly strategic from a monetary as well as global infrastructure and energy point of
view. CAT’s shares trade on the Canadian Securities Exchange (CSE) under the trading symbol
“CAT”, on the OTCMarkets.com under the trading symbol “CATTF”, and on the Frankfurt Stock
Exchange under the symbol “8CH”.
ON BEHALF OF THE BOARD
Robert Rosner
Chairman, President & CEO
Further information regarding the Company can be found on SEDAR at , by
visiting the Company’s website or by contacting the Company directly at
(604) 674-3145.
This news release may contain forward–looking statements. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Particular risks applicable to this press release include risks associated with
planned production, including the ability of the company to achieve its targeted exploration outline due to regulatory,
technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no
guarantee that a resource will be found or have demonstrated economic viability as necessary to be classified as a
reserve. There is no guarantee that additional exploration work will result in significant increases to resource
estimates.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
We seek safe harbour.