Trident Resources Signs Option Agreement to Option Adjoining Property on Major Gold Trend in Saskatchewan Canada
Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X1M5
TSX-V: ROCK; OTCQB: TRDTF
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
July 29th, 2025
NEWS RELEASE
Trident Resources Signs Option Agreement to Option Adjoining Property
on Major Gold Trend in Saskatchewan Canada
Vancouver, BC, July 29th, 2025 – Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF)
(“Trident” or the “ Company” or the “ Optionee”) is pleased to announce that it has signed a n
option agreement (the “Agreement”) with an individual land owner (“Optionor”) pursuant to
which the Company has optioned a property (the “Project”) that borders one of Trident’s core
high-grade gold assets. The Company can earn a 100% interest in the Project which is made up
of 6,902 hectares of claims with prospective gold exploration potential directly adjacent to
Trident’s Greywacke Gold Project in the La Ronge Gold Belt.
Acquisition Highlights:
• Highly prospective land package adjacent to Trident to the North-East and South-West of
one of our core gold projects;
• Multiple high-priority targets on the newly acquired property that are on trend with Trident’s
deposits;
• Attractive acquisition price comprised of cash and shares of Trident with exploration
expenditures; and
• Required exploration expenditures can be covered with a strong treasury - Trident has
over CAD $11M million in working capital and is fully funded for its upcoming summer drill
program at the flagship Contact Lake Gold Project
Historical Hailstone Property Highlights:
• Anomalous areas are associated with known gold occurrences, with grab samples
assaying up to 15.9 g/t gold (“Au”) (Bornite Zone target) as reported previously by Pelangio
(see press release October 7th, 2019); and
• The 2021 drill program was focused on the Asbell Bay target area. These holes targeted
known gold occurrences such as the Bornite Zone which returned surface grabs up to
15.9 g/t Au and 2.68% Cu as well as several coincident geophysical and gold till anomalies
along the 1.8 km long Asbell Bay trend as reported previously by Pelangio (see press
release May 7th, 2021).
Jonathan Wiesblatt, Trident’s CEO, commented: "We are delighted to work towards consolidating
a key asset in this prolific mining district at a very attractive price for our shareholders. This
acquisition will add prospective ground with an extensive exploration database providing an
opportunity for Trident to make new discoveries and delineate new resources at the Project.”
“To execute on this, Trident is well-funded with over $11M in its treasury now consisting of cash
and cash-equivalent assets. Over the next few months, the Company will focus on its exploration
work which includes drilling at Contact Lake to confirm the high -grade potential resources left
behind by the former owner and testing the extension of the trend both along strike and at depth.”
Agreement Terms:
Pursuant to the terms of the Agreement, the Company may acquire up to a 100% interest in the
Project by (i) issuing a total of 50,000 common shares in the capital of the Company (“ Shares”);
(ii) making aggregate cash payments of CAD $40,000; and (iii) incurring CAD $200,000 in
exploration expenditures on the Project over a four-year period, as follows:
Date Cash Payments Exploration
Expenditures
Number of Shares
Issued
% of Interest Earned
in the Property(1)
On Closing $10,000 N/A 25,000 35%
On the second
anniversary of
Closing
$10,000 $200,000 25,000
Additional 16% (total
of 51%)
On the third
anniversary of
Closing
$10,000 N/A N/A
Additional 24% (total
of 75%)
On the fourth
anniversary of
Closing
$10,000 N/A N/A
Additional 25% (total
of 100%)
TOTAL $40,000 $200,000 50,000
(1) The Company may accelerate any of the above noted earn -in phases and, in such case, the
Company shall issue an additional 25,000 Shares to the Optionor.
The Optionor shall retain a 0.5% net smelter returns royalty from minerals mined and removed
from the Pr oject, of which the Optionee may purchase one -half, being 0.25%, at any time for
$250,000.
The Shares issuable shall be subject to a statutory hold period of 4 months and 1 day from
issuance. The transaction remains subject to TSX Venture Exchange approval. There are no
finder’s fees payable pursuant to the transaction.
Qualified Person:
The scientific and technical data contained in this news release was approved by Cornell
McDowell, P.Geo., a non -independent “qualified person” under the National Instrument 43 -101
Standards of Disclosure of Mineral Projects.
About Trident Resources Corp.:
Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX
Venture Exchange focused on the acquisition , exploration and development of advanced -stage
gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its
100% owned Contact Lake and Greywacke Lake projects which host significant historical gold
resources located within the prospective and underexplored La Ronge Gold Belt, as well as the
100% owned Knife Lake copper project which contains a historical copper resource.
To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company’s website
at www.tridentresourcescorp.com
Trident Resources Corp.
Jonathan Wiesblatt, Chief Executive Officer
Email: [email protected]
For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications
Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
Forward-Looking Information and Statements
This release includes certain statements that may be deemed to be "forward-looking statements".
All statements in this release, other than statements of historical facts, that address events or
developments that management of the Company expects, are forwa rd-looking
statements. Although management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those in the forward-
looking statements. The Company undertakes no obligation to update these forward -looking
statements if management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual result s to differ materially from those in forward -looking
statements, include market prices, exploration and development successes, regulatory approvals,
continued availability of capital and financing, and general economic, market or business
conditions. Pleas e see the public filings of the Company at www.sedarplus.ca for further
information.