Azarga Metals Exercised Option to Purchase a 100% Interest IN the Marg Project, Central Yukon
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE TSX-V: AZR
AZARGA METALS EXERCISED OPTION TO PURCHASE A 100% INTEREST IN THE MARG
PROJECT, CENTRAL YUKON
July 31, 2025 – Vancouver, B.C. – AZARGA METALS CORP. ("Azarga Metals" or the
“Company”) (TSX-V:AZR) is pleased to announce that it has reached terms with Minera Alamos
Inc. (“Minera Alamos”) whereby Azarga Metals will exercise the option to purchase the Marg
Project, located in Central Yukon.
Marg Project Agreement
In January 2024, the Company and through various corporate actions what is now Minera Alamos
agreed to restructure the terms of the Marg Project as an option to purchase agreement (see
news release dated January 8, 2024). To exercise the option to purchase, Minera Alamos has
further agreed that subject to and upon receipt of the approval of the TSX Venture Exchange,
Azarga Metals will at closing as full and final settlement of the purchase price (a) pay $210,000
cash to Minera Alamos and (b) issue Minera Alamos 1,981,250 common shares of the Company
as calculated by dividing $ 158,500 by $0.08, which shares will bear a legend restricting trading
for a period of six (6) months from the date of issu ance, (c) execute the amended net smelter
return royalty agreement (the “NSR Royalty Agreement”) so that the net smelter returns royalty
is reduced from two percent (2%) to one percent (1%) (the “NSR”), and (d) Minera Alamos retains
its rights to a milestone payment (the “ Milestone Payment”) of $300,000 payable in cash or
shares at the discretion of Minera Alamos upon making a decision to mine.
Upon closing, Azarga Metals will own the Marg Project free and clear, subject only to the NSR
and Milestone Payment.
Security Based Compensation
On July 30, 2025 , a total of 1, 500,000 deferred share units (“ DSUs”) were granted to two
independent directors and a total of 1,350,000 restricted share units (“RSUs”) were granted to
three officers of the Company under the Company’s Equity Incentive Plan. The DSUs will vest on
the first anniversary of the grant date and the RSUs will vest as to one-third on the first, second
and third anniversaries of the grant date. The DSUs and RSUs will be settled in accordance with
the Equity Incentive Plan.
In addition, a total of 1,950,000 stock options were granted pursuant to the Company’s Stock
Option Plan and grant the holder the right to purchase one common share at a purchase price of
$0.08 per common share for a period of five (5) years from the date of grant. The stock options
will vest immediately upon grant.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
AZARGA METALS CORP.
Gordon Tainton,
President and Chief Executive Officer
For further information please contact: Ben Meyer , at +1 604 536- 2711 ext. 1 or visit
www.azargametals.com. The address of the corporate office of Azarga Metals is Unit 1 - 15782
Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.
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.
Cautionary Statement:
This news release contains forward looking statements within the meaning of applicable securities
laws. The use of any of the words “ambition”, “estimate”, “concluded”, “offers”, “objective”, “may”,
“will”, “should”, “potential” and similar expressions are intended to identify forward looking
statements, but not limited to the approval of the TSX Venture Exchange of the amended terms.
Although the Company believes that the expectations and assumptions on which the forward
looking statements are based are reasonable, undue reliance should not be placed on the forward
looking statements because the Company cannot give any assurance that they will prove correct.
Since forward looking statements address future events and conditions, they involve inherent
assumptions, risks and uncertainties. Actual results could differ materially from those currently
anticipated due to a number of assumptions, factors and risks. These assumptions and risks
include, but are not limited to, receiving approval of the TSX Venture Exchange to issue the shares
to Mineral Alamos on the amended purchase price, assumptions and risks associated with the
state of equity financing markets and results of future exploration activities by the Company.
Management has provided the above summary of risks and assumptions related to forward
looking statements in this news r elease in order to provide readers with a more comprehensive
perspective on the Company’s future operations. The Company’s actual results, performance or
achievement could differ materially from those expressed in, or implied by, these forward looking
statements and, accordingly, no assurance can be given that any of the events anticipated by the
forward looking statements will transpire or occur, or if any of them do so, what benefits the
Company will derive from them. These forward looking statements are made as of the date of this
news release, and, other than as required by applicable securities laws, the Company disclaims
any intent or obligation to update publicly any forward looking statements, whether as a result of
new information, future events or results or otherwise.