Royal GOLD Mining Inc. Acquires Option ON Quebec GOLD Project
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ROYAL GOLD MINING INC.
Suite 701 - 595 Howe Street
Vancouver, BC V6C 2T5
ROYAL GOLD MINING INC. ACQUIRES OPTION ON QUEBEC GOLD PROJECT
Vancouver, BC, September 19, 2019 – Royal Gold Mining Inc. (ROYL:TSXV) (the
“Company”) reports that it has , in consideration of $20,000, entered into a letter
agreement with an arm’s length vendor, allowing it the exclusive right to a 45 day period
to complete an Option Agreement to give it the right to acquire a 100-per-cent interest in
140 mineral claims totalling 5,047 hectares (50.47 square kilometres) located only 80 km
southeast of Quebec City , in the Province of Quebec, Canada. There are 38 adjoining
staked claims which are pending and, when approved by the Quebec Government
shortly, will become part of the Agreement. Within 30 days of regulatory approval of the
agreement, the Company is oblig ated to pay $10,000 (A further $25,000 and 200,000
common shares are to be delivered with 75 days of regulatory approval ). First year
property expenditures total $100,000. The letter agreement calls for a four-year term with
escalating cash payments, shar e issuances and exploration expenditures. To acquire a
100-per-cent interest in the property, the Company must pay $295,000 cash in the
aggregate, issue 1,500,000 common shares and complete $2,200,000 in exploration
expenditures, subject to a 2-per-cent net smelter royalty. Upon the Company exercising
the option in full, a 2- per-cent NSR is subject to an optional buyback of 0.5 per cent for
$500,000 and a second optional buyback of 0.5 per cent for $500,000, thereby leaving
the Optionor with a 1-per-cent NSR.
The Company is looking forward to augmenting its exploration portfolio with this exciting
gold and gold- polymetallic (silver -zinc-copper) opportunity located in one of the best
mining jurisdictions in the world, as rated by the Fraser Institute.
Additional information about the property will be forthcoming shortly once the Company
finalizes the Option Agreement.
Contact Person: Mr. Glen Macdonald, P.Geo.
Telephone: (604)719-8129
Email: [email protected]
About the Company
The Company maintains its Kirkland’s Creek, Yukon project in good standing and
continues to evaluate additional resource projects.
ON BEHALF OF THE BOARD
(signed) “Glen Macdonald”
Glen Macdonald
Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
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defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This news release may contain forward-looking statements that are based on Royal Gold Mining
Inc.'s expectations, estimates and projections regarding its business and the economic
environment in which it operates. These statements are not guarantees of future perform ance
and involve risks and uncertainties that are difficult to control or predict. Therefore, actual
outcomes and results may differ materially from those expressed in these forward- looking
statements and readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and Royal Gold Mining Inc. undertakes no obligation
to update them publicly to reflect new information or the occurrence of future events or
circumstances, unless otherwise required to do so by law.