Tuesday, October 20, 2026
MiningNewsTerminal
Tuesday, October 20, 2026 Admin

LWR.V ·

Equitorial Acquires 45% Interest in First Nevada Mining Corp. __________________________________________________________

Mergers & Acquisitions Property Options & Staking Partnerships & JV

Equitorial Exploration Corp. Suite 1818, 701 West Georgia St.

Vancouver, BC V7Y 1C6 http://equitorial.ca

EQUITORIAL ACQUIRES 45% INTEREST IN FIRST NEVADA MINING CORP.

__________________________________________________________

March 18, 2014 TSX Venture Exchange Trading Symbol: EXX

Equitorial Exploration Corp. (the “Company”), is pleased to announce that it has acquired (the “Acquisition”) 45% of First Nevada Mining Corp. (“First Nevada”) pursuant to a share purchase and option agreement (the “Agreement”) with First Nevada, as more particularly described in the Company’s news release dated March 4, 2014.

As a result of the Acquisition, the Company received an aggregate of 11,843,453 common shares of First Nevada in exchange for issuing certain of First Nevada’s existing shareholders 5,000,000 shares (the “Consideration Shares”) in the capital of the Company, paying First Nevada $250,000 cash, and transferring title to the Company’s IGR 3000, 30 tonne per hour, modular, heavy mineral recovery plant to First Nevada. The Consideration Shares are being held in escrow pursuant to a voluntary escrow agreement, whereby 25% of the Consideration Shares will be released every six months, with the initial release of Consideration Shares to occur six months from closing of the Acquisition.

In connection with closing the Acquisition, the Company issued Canaccord Genuity Corp. 500,000 shares as a finder’s fee for introducing the Company to First Nevada, which shares are subject to applicable hold periods and resale restrictions.

The Company can increase its ownership in First Nevada to 49% by providing First Nevada with an additional $750,000 to be used for exploration and development. The Company also has a right of first refusal in the event that First Nevada receives any acquisition proposal from an arm’s length third party.

About First Nevada

First Nevada is a private Canadian corporation with two mineral properties in Nevada and owns proprietary, patent pending, environmentally friendly, heavy metal extraction technology. For more information about First Nevada, please see the Company’s news release of March 4, 2014.

On behalf of the Board of Directors

EQUITORIAL EXPLORATION CORP.

“Dean Pekeski”

Dean Pekeski, President and Director

For further information, please contact either Dean Pekeski or Patrick Power at 604-689-1799.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.