Four Nines Gold and Kinross Amend Agreement
FOUR NINES GOLD AND KINROSS AMEND AGREEMENT
VANCOUVER, BRITISH COLUMBIA, December 20, 202 4, Four Nines Gold Inc. ( “Four Nines ” or the
“Company”) (CSE: FNAU , OTC: FNAUF) is pleased to announce it has signed an amend ment to the
agreement with Kinross Gold U.S.A. Inc., subsidiary, Kinam Gold Inc. to explore and evaluate certain fee
lands and unpatented mining claims in Lassen Country, California known as the Hayden Hill Property. The
exploration objective is to expand the zones of known high-grade gold mineralization.
Charles Ross, CEO of Four Nines, stated, “The strong working relationship between the Kinross and Four
Nines teams, has facilitated the signing of the favourable amendment to the agreement. The amendments
give the Company an additional two years to expand the zones of known high-grade mineralization, both
vertically and horizontally”.
The amended terms of the agreement, initially announced on April 19, 2023, pertain to cash payments,
work expenditures and the date to elect the purchase of 100% of the shares of Lassen Gold Mining Inc.
(“Lassen”), a wholly owned subsidiary of Kinam that holds all right, title and a 100% undivided interest in
the Hayden Hill Property.
Under the terms of the amendment agreement, Four Nines is required to:
• Cash payment of US$50,000 upon entry into the agreement (paid).
• Cash payment of an additional US$60,000 on or before March 1, 2023 (paid).
• Cash payment of an additional US$100,000 on or before November 1, 2024 (paid).
• Cash payment of an additional US$50,000 on or before November 1, 2025.
• Cash payment of an additional US$100,000 on or before November 1, 2026.
• incur at least US$250,000 in qualified expenditures on or before March 1, 2023; (done)
• incur at least an additional US$340,000 in qualified expenditures on or before November 1, 2024; (done)
• incur at least an additional US$330,000 in qualified expenditures on or before November 1, 2025.
• incur at least an additional US$330,000 in qualified expenditures on or before November 1, 2026.
• incur at least an additional US$250,000 in qualified expenditures on or before November 1, 2027.
• Work expenditures are cumulative.
At any time prior to November 1, 2027, Four Nines may elect to purchase all the shares of Lassen
and indirectly acquire the Hayden Hill Property.
About Four Nines Gold Inc.
Four Nines Gold Inc. has a world class exploration team and the right to acquire 100% of the Hayden Hill
Mine from a Kinross Gold USA Inc subsidiary. The Company is exploring and developing a project in mining-
friendly Northern California. Hayden Hill is a former producing mine , that was explored through 99,862
meters of drilling in 742 holes and for which there has been no systematic exploration since the mine
closed in 1997. The Hayden Hill project is located on private land and drill permits have been received
from Lassen County. The Four Nines exploration team’s objective is to expand the zones of known higher-
grade mineralization, both vertically and horizontally. For more information, please contact the Company
at [email protected] or visit our website at www.fourninesgold.ca for project updates and related
background information.
ON BEHALF OF THE BOARD OF DIRECTORS
FOUR NINES GOLD INC.
Charles Ross
President
1000 - 409 Granville Street
Vancouver, BC, V6C 1T2
Tel: 604.602.0001
Forward-looking statements
This press release contains forward -looking statements and forward -looking information within the
meaning of Canadian securities laws (collectively, “forward -looking statements”). Statements and
information that are not historical facts are forward-looking statements. Forward-looking statements are
frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”,
“estimates”, “potential”, “possible” and similar expressions, or statements that events, conditions or
results “will”, “may”, “could” or “should” occur or be achieved. Forward -looking statements and the
assumptions made in respect thereof involve known and unknown risks, uncertainties, and other factors
beyond the Company’s control. Forward -looking statements i n this press release include statements
regarding beliefs, plans, expectations, or intentions of the Company. Mineral exploration is highly
speculative and characterized by several significant risks, which even a combination of careful evaluation,
experience and knowledge may not eliminate. Forward-looking statements in this press release are made
as of the date herein. Although the Company believes that the assumptions and factors used in preparing
the forward-looking statements in this press release are reasonable, undue reliance should not be placed
on such statements. The Company undertakes no obligation to update publicly or otherwise revise any
forward-looking statements, whether as a result of new information or future events or otherwise, except
as may be required by law.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the
adequacy or accuracy of this news release.