Atomic Minerals Corp. Amends Gravity Jack Property Option Agreement
Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
For Immediate Release
PRESS RELEASE May 09, 2022
Symbol: TSX-V: ATOM
Atomic Minerals Corp. Amends Gravity Jack Property
Option Agreement
Vancouver, British Columbia, May 09, 2022 –Atomic Minerals Corporation ("ATOMIC
MINERALS" or the "Company") ( TSX Venture: ATOM) announces that it has entered into an
amending agreement dated effective February 1, 2022 (the “Amending Agreement”), pursuant to which
it has agreed to amend the terms of its option to acquire the Gravity Jack property located near Boston
Bar, British Columbia.
The terms of the original option on the Gravity Jack property are set out in an option agreement (the
“Option Agreement”) dated March 24, 2021 and announced in the Company’s press release dated June
30, 2022. Among other requirements, the Company was required to incur exploration expenditures in
stages over stated periods of time, and it was required to issue specified numbers of common shares in
its capital to each of the vendors in stages over stated periods of time. These obligations are stated in
detail in the Company’s press release of June 30, 2021.
In the Amending Agreement, the parties to the Option Agreement have agreed to reduce the dollar
amount of exploration expenditures that were to have been incurred on or before August 21, 2021 from
$200,000 to $127,000, and they have agreed to extend the date by which those expenditures must have
been made from August 21, 2021 to January 31, 2022, with an additional two weeks (to February 15,
2022) to make payment to the exploration consultant. In exchange, Atomic has agreed to issue 100,000
common shares in its capital to Raymond Wladichuk (one of the three vendors). In all other respects,
the terms of the original Option Agreement remain unaffected.
The Amending Agreement – and the issuance of the additional 100,000 common shares to Mr.
Wladichuk – are subject to TSX Venture Exchange (“TSXV”) approval. The Company has applied for
TSXV approval, and once approved, the Company intends to issue the 100,000 shares at a deemed price
of $0.115 per share (the price per common share on TSXV on January 31, 2022). These common shares
will be subject to a regulatory hold period of four (4) months and one (1) day from the date they are
issued.
About the Company
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Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
Atomic Minerals is a Vancouver based publicly listed uranium exploration company trading on the TSX
Venture Exchange. The Company is led by a highly skilled management and technical team with
numerous previous successes in the junior mining sector.
For additional information, please visit the Company's website at www.atomicminerals.ca
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
Clive H. Massey
President & CEO
For further information, please contact:
Investor Relations
(604) 644-6794; Office (604) 341-6870
Neither TSX Venture Exchange nor their 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.
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward -looking" statements. Forward
looking statements are statements that are not historical facts and are generally, but not always, identified by the
words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Atomic
Minerals Corpora tion 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 may differ
materially from those in forward looking statements. For ward looking statements are based on the beliefs,
estimates and opinions of Atomic Minerals Corporation management on the date the statements are made. Except
as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward -looking
statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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