Origen’s Arlington Property Transaction Receives Conditional Approval
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Origen’s Arlington Property Transaction Receives Conditional Approval
Vancouver, BC, November 1, 2022. Origen Resources Inc. (the “Company” or “Origen”) (CSE:ORGN;
FSE:4VXA) is pleased to announce that Jessy Ventures Corp. (“Jessy”) has received conditional approval from
the TSX Venture Exchange (“TSXV”) for its previously announced qualifying transaction involving the option of
the Arlington Property (the “Property”) from Origen. Jessy optioned the Arlington Property from Origen, based
on highly anomalous gold, silver, copper and cobalt sampling and historical production, both on the property,
and from the nearby past-producing Carmi polymetallic Ag/Au/Pb/Zn Mine1, all within the historical Beaverdell
Mining Camp, east of Pentiction in south-central British Columbia.
In addition, the previously announced arm’s length mineral property option agreement dated September 17,
2021 (the “ Definitive Agreement ”), as set out in Jessy’s September 22, 2021 news release and Origen’s
September 23, 2021 news release, has been amended to provide that Jessy will pay $110,000 of costs related
to Origen’s previously completed exploration program, payable in cash and shares by issuing to Origen, 900,000
common shares of Jessy (at a deemed price of $0.10 per common share) and paying $20,000 in cash, within five
days of Jessy completing its Qualifying Transaction.
Pursuant to the Definitive Agreement, Jessy has been granted the exclusive right and option (the "Option") to
acquire an undivided 60% interest in and to the Property, consisting of five (5) mineral claims covering
approximately 1,571.65 hectares, located approximately 17 km north of Beaverdell and 67 km south of Kelowna
within the Arrow Boundary District of south-central British Columbia. The Option is earned over a 3 year period.
“We would like to congratulate Jessy on reaching this milestone in their listing process. Jessy’s concurrent
financing will allow for focused exploration on a polymetallic project with highly -attractive sample results
underlying a solid geological model. The Option on the Arlington Property is yet another example of Origen’s
business model of partnering with capable groups to advance its assets and are excited to see Jessy fully explore
Arlington’s potential,” states Blake Morgan, President.
As disclosed in Jessy’s September 22, 2021 news release, following Jessy’s receipt of final TSXV approval, Gary
Schellenberg, member of the Origen Board, will join the Board of Jessy. Additionally, it has been decided that
Blake Morgan, also a director of Origen, will join the Board of Jessy.
About Origen
Origen is an exploration company engaged in generating, acquiring and advancing base, precious metal, and
lithium properties. The Company currently holds a property portfolio of four 100% owned precious and base
metal projects in southern British Colu mbia, a 100% interest in the 26,771 ha LGM project property in the
mineral rich Golden Triangle of British Columbia, a 100% interest in the Middle Ridge gold project, a 100%
1 References to nearby properties is for information purposes only and there is no assurances that similar results will be achieved at the
Arlington Property.
interest in 20 prospects along a pegmatite lithium belt in Newfoundland and a 100% interest in the Los Sapitos
Lithium project in Argentina.
Richard Kemp, P.Geo., a Qualified Person as that term is defined in NI 43 -101 has prepared, supervised the
preparation or approved the scientific and technical disclosure in the news release.
On behalf of Origen,
Gary Schellenberg
CEO
For further information, please contact Gary Schellenberg, CEO at 604-681-0221.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references
to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks
associated with operations on the property, exploration activity generally, equipment limitations and availability, as we ll as other risks
that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward- looking information.
Except as required under applicable securities legislation, the Company undertakes no obligation to public ly update or revise forward -
looking information, whether as a result of new information, future events or otherwise.