Huntington Completes Previously Announced Acquisition of Ontario Mining Properties
HUNTINGTON
EXPLORATION INC.
EAU CLAIRE PLACE II, SUITE 440 – 521 3RD AVENUE S.W. CALGARY ALBERTA T2P 3T3
HUNTINGTON COMPLETES PREVIOUSLY ANNOUNCED ACQUISITION OF ONTARIO MINING PROPERTIES
February 8, 2021, Calgary, Alberta – Huntington Exploration Inc. ( TSX.V: HEI) (the “Corporation” or
“Huntington”) is pleased to announce that, further to its January 15, 2021 news release, it has completed
the acquisition (the “Acquisition”) of the mineral exploration properties in the Birch-Uchi region of
Ontario bridging Treaty 3 and Treaty 9 Territories (the “Birch-Uchi Property”).
The purchase price for the Birch-Uchi Property was satisfied by a cash payment in the aggregate amount
of $30,000 and the issuance of an aggregate of 200,000 common shares in the capital of the Corporation
at a deemed price of $0.165 per share. The common shares issued in connection with the Acquisition are
subject to a hold period that expires on June 6, 2021. In addition, one of the vendors has retained a 1.5%
Net Smelter Return (“NSR”) royalty, payable upon the commencement of commercial production from
the Birch-Uchi Property. The Corporation has the right at any time to purchase one-half of the NSR royalty
from such vendor, in consideration of the payment of $500,000, thereby reducing such royalty to a 0.75%
NSR royalty.
ON BEHALF OF THE BOARD OF HUNTINGTON EXPLORATION
“Christopher Brown, P.Eng”
Interim President & CEO
Note: Website development is ongoing with expected release in early 2021.
Neither 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.