WDR Shareholders Overwhelmingly Approve Acquisition by FSX
WDR Shareholders Overwhelmingly Approve Acquisition by FSX
July 31, 2023. Fosterville South Exploration Ltd . ("Fosterville South ,” “FSX,” or the "Company") (TSXV:
FSX) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce that, further to its news releases dated April
19, 2023 and July 5, 2023 , the shareholders of Wild Dog Resources Inc. (“WDR”) have overwhelmingly
approved the acquisition of the issued and outstanding shares of WDR by FSX pursuant to the terms of
the definitive amalgamation agreement (the “Amalgamation Agreement”) among, FSX, 15103452 Canada
Inc., a wholly-owned subsidiary of FSX (“FSX Sub”), and WDR (the “Acquisition”).
WDR and FSX continue to work towards closing the Acquisition as soon as practicable. The Acquisition is
subject to the approval of the TSX Venture Exchange acceptance and the satisfaction of other customary
conditions.
About FSX
Fosterville South began with two, 100% owned, high-grade gold projects called the Lauriston and Golden
Mountain Projects, and has since acquired a large area of granted and application tenements containing
further epizonal (low -temperature) high-grade gold mineralisation called t he Providence Project and a
large group of recently consolidated license tenement applications called the Walhalla Belt Project, which
contains a variety of epizonal and intrusion related style gold mineralisation, all in the state
of Victoria, Australia. The Fosterville South land package, assembled over a multi -year period, notably
includes a 600 sq. km property immediately to the south of and within the same geological framework
that hosts Agnico Eagle’s Fosterville epizonal gold tenements. Additionally, Fosterville South has gold -
focused projects called the Moormbool and Tallangallook, which are also located in the state
of Victoria, Australia. Moormbool project has epizonal style gold mineralisation , and Tallangallook has
mesozonal and intrusion relation gold mineralisation.
All of FSX’s properties, with the possible exception of Moormbool, have had historical gold production
from hard rock sources despite limited modern exploration and drilling.
Recently, Fosterville South entered into an agreement with WDR to acquire a significant 2,166 sq. km
mineral exploration land package in PNG (as described in the FSX News Release dated July 5, 2023).
The land package included in the acquisition comprises an EL and multiple ELAs. It includes both early-
stage and advanced -stage exploration targets with high -grade epithermal vein and porphyry -style
mineralisation present.
The Arau Project consists of one EL, EL 2651, and one ELA, ELA 2715, located in the Kainantu region, and
includes the Mt. Victor P rospect, where previous drilling found multiple phase intrusive complexes of
copper and gold mineralisation.
The Wild Dog Project consists of two ELAs, ELA 2516 and ELA 2761, located on the island of New Britain
and about 50 km southwest of Rabaul and Kokopo, PNG.
The Kesar Creek Project consists of one ELA (ELA 2711), and is located 10 km west of the Kainantu Gold
Mine owned and operated by K92 Mining Inc.
WDR has done significant work on various projects in the past two years, generating multiple high priority
drill targets.
On behalf of FSX
Bryan Slusarchuk
Chief Executive Officer and Director
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fosterville
South cautions that all forward looking statements are inherently uncertain and that actual performance
may be affected by many material factors, many of which are beyond their respective control. Such factors
include, among other things: risks and uncertainties relating to Fosterville South's limited operating
history, its explo ration and development activities on the Lauriston, Golden Mountain, Providence and
Beechworth Properties and the need to comply with environmental and governmental regulations.
Accordingly, actual and future events, conditions and results may differ mater ially from the estimates,
beliefs, intentions and expectations expressed or implied in the forward looking information. Except as
required under applicable securities legislation, Fosterville South does not undertake to publicly update or
revise forward-looking information.
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.
For further information: Adam Ross, Investor Relations, Direct: (604) 229 -9445, Toll Free: 1(833) 923 -
3334, Email: [email protected]