Gold Hunter Acquires Additional Claims
GOLD HUNTER RESOURCES INC. ACQUIRES 100% INTEREST TO EIGHT
PROPERTIES IN THE PROVINCE OF NEWFOUNDLAND, INCLUDING: THE
HIGHLY PROSPECTIVE RAMBLER AND TILT COVE PROPERTIES
TORONTO, ONTARIO – January 31, 2022 – Gold Hunter Resources Inc ( “Gold Hunter ” or the
“Company”) (CSE: “HUNT”) is pleased to announce it has en tered into two separate agreem ents arm’s
length agreements pursuant to w hich the Company will acquire a 100% interest in eight mineral projects
as an option to acquire a 100% interest in an additional one mineral project in the Province of Newfoundland
and Labrador collectively known as the Rambler and Tilt Cove Projects.
The first agreement is a Property Purchase Agreement made betwe en the Company and Fair Haven
Resources Inc. (“ Fair Haven” ) dated January 27, 2022 (the “ Fair Haven Acquisition Agreement ”)
pursuant to which the Company w ill acquire all of Fair Haven’s interest in the Rambler and Tilt Cove
Projects, and six other projects in consideration for the payment of $250,000 and the issuance of 4,000,000
common shares to the 35 shareholders of Fair Haven, each shareh older receiving a number of common
shares in proportion to such shareholder’s interest in Fair Haven. The common shares are subject to a four
month statutory hold period expiring on May 22, 2022. Fair Have n has retained a 2% net smelter returns
royalty on the Property (the “NSR”). The Company holds the right to buy back 50% of the NSR at any time
for $1,000,000. In addition, the Company holds a right of first refusal in connection with any proposed sale
or transfer of the NSR by Fair Haven. It is anticipated that the closing of the Property Purchase Agreement
will occur on or about February 2, 2022.
A 6% finder’s fee is payable to Canal Front Investments Inc. in connection with the Fair Haven Acquisition
Agreement consisting of $15,000 cash and 240,000 common shares. All shares issued to the Fair Haven
shareholders and the finder will be subject to a statutory hold period of four months following closing.
The second agreement is a Property Option Agreement made among the Company and Unity Resources,
Gary Lewis, Jerry Jones, Nicholas Rodway, Aubrey Budgell and Paul Delaney (the “Marwan Optionors”)
dated January 27, 2022 (the “Marwan Option Agreement”) pursuant to which the Company has the option
to acquire all of the Marwan Optionors’ interest in Rambler project by completing a series of cash payments
to the Marwan Optionors totaling $1,695,000, issuing 10,300,000 common shares to the Marwan Optionors
and incurring $2,500,000 of expenditures, in stages over a period of five years as follows:
(a) pay $15,000 upon signing of the Marwan Option Agreement;
(b) pay $25,000 on or before December 1, 2022;
(c) pay $50,000 on or before December 1, 2023
(d) issue 1,500,000 common shares and incur $800,000 of property expenditures on or before
July 1, 2024;
(e) pay $190,000 and issue 2,000,000 common shares on or before December 1, 2024;
(f) pay $415,000 and issue 2,800,000 common shares on or before December 1, 2025; and
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(g) pay $1,000,000 and issue 4,000,000 Shares and incur a further $ 1,700,000 of property
expenditures on or before December 1, 2026.
An 8% finder’s fee is payable to Canal Front Investments Inc. a nd Sean Kingsley (each as to 4%) in
connection with the Marwan Option Agreement consisting of cash and common shares. The finder’s fee
will be payable in proportionate increments over the five year span of the Marwan O ption Agreement as
payments and share issuances are made by the Company. All shar es issued to the Marwan Optionors and
the finders will be subject to a statutory hold period of four months following the date of issuance.
Richard Macy, President and CEO states: “The two main acquisitions, the Rambler properties, and the Tilt
Cove properties represent significant exploration discovery pot ential for the Company with little to no
modern exploration activity having been completed. Both propert ies have outcropping massive sulphide
mineralization at surface located on the property that have yet to be drill tested in modern times. The
properties are located under the headframe of previous and curr ently producing mines. The Company
intends to confirm a drilling program in Q2 2022”.
Mineral Claims Acquired
Table 1 below sets out the details of the claims comprising A total of eight new projects have been acquired
on the Baie Verte Peninsula, Great Northern Peninsula, and Cent ral Newfoundland (See Figure 1 below),
including the Rambler and Tilt Cove projects which are located adjacent to known productive VHMS
deposits (see Figure 2 below):
Table 1: Schedule 1 – Mineral claims
License
Number
Property
Name Title Holder No.
Claims Issue Date License
Expiry Date
Anniversary
Date Area (ha)
011507M Fair Haven Fair Haven
Resources Inc. 10 2005-12-22 2025-12-22 2021-12-22 250.00
019026M Fair Haven Fair Haven
Resources Inc. 6 2011-05-26 2026-05-26 2023-05-26 150.00
019060M Fair Haven Fair Haven
Resources Inc. 5 2011-06-03 2026-06-03 2022-06-03 125.00
025548M Fair Haven Fair Haven
Resources Inc. 32 2017-12-07 2022-12-07 2022-12-07 800.00
030871M Fair Haven Fair Haven
Resources Inc. 27 2020-06-06 2025-06-06 2023-06-06 675.00
031800M Fair Haven Fair Haven
Resources Inc. 23 2020-12-31 2025-12-31 2022-12-31 575.00
019158M Fair Haven Fair Haven
Resources Inc. 9 2011-07-31 2026-07-21 2022-07-21 225.00
020510M Fair Haven Fair Haven
Resources Inc. 13 2012-10-18 2022-10-18 2023-10-18 325.00
032148M Fair Haven Fair Haven
Resources Inc. 30 2021-03-12 2026-03-12 2023-03-12 750.00
031280M Fair Haven Fair Haven
Resources Inc. 17 2020-10-11 2025-10-11 2022-10-11 425.00
031281M Fair Haven Fair Haven
Resources Inc. 43 2020-10-11 2025-10-11 2022-10-11 1,075.00
031299M Fair Haven Fair Haven
Resources Inc. 30 2020-10-17 2025-10-17 2022-10-17 750.00
031300M Fair Haven Fair Haven
Resources Inc. 42 2020-10-17 2025-10-17 2022-10-17 1,050.00
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License
Number
Property
Name Title Holder No.
Claims Issue Date License
Expiry Date
Anniversary
Date Area (ha)
031301M Fair Haven Fair Haven
Resources Inc. 20 2020-10-17 2025-10-17 2022-10-17 500.00
031498M Fair Haven Fair Haven
Resources Inc. 50 2021-05-10 2026-05-10 2022-05-10 1,250.00
032771M Fair Haven Fair Haven
Resources Inc. 45 2021-06-19 2026-06-19 2022-06-19 1,125.00
032982M Fair Haven Fair Haven
Resources Inc. 26 2021-07-02 2026-07-02 2022-07-02 650.00
032983M Fair Haven Fair Haven
Resources Inc. 20 2021-07-02 2026-07-02 2022-07-02 500.00
033160M Fair Haven Fair Haven
Resources Inc. 83 2021-07-25 2026-07-25 2022-07-25 2,075.00
025547M Marwan Unity Resources
Inc. 19 2017-12-07 2022-12-07 2021-12-07 475.00
025549M Marwan Gary E. Lewis 24 2017-12-07 2022-12-07 2021-12-07 600.00
025552M Marwan Gary E. Lewis 6 2017-12-07 2022-12-07 2022-12-07 150.00
TOTAL 21 580 14,500.00
Figure 1: Gold Hunter Resources Inc. Marwan and Fairhaven Claims Disposition.
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Figure 2: The Rambler Project, and Tilt Cove Project Claims disposition and adjacent claims holders in
the Baie Verte Peninsula Area, Newfoundland.
The Rambler Project on the Baie Verte Peninsula, proximal to the currently produci ng Ming
Mine, and Rambler Metals and Anaconda’s currently producing gold mines. The Project comprises
5 Claims for a total of 3,800 ha. The project is situated along strike from the currently producing
Ming Mine with outcropping massive sulphide mineralization and former mine workings on the
property. The combined property hosts up to 25 known mineral showings and outcropping massive
sulphide mineralization along strike of the operating Ming Mine , and on numerous adjacent
mineralized trends. See figure 3 below.
The Tilt Cove Project on the Baie Verte Peninsula adjacent to the previously producing Tilt Cove
Mine, and Anaconda Mining Tilt Cove Project. The project comprises 3 mineral claims for a total
of 1,300 ha. The project is situated along strike from the hist orically producing Tilt Cove Mine
with outcropping massive sulphide mineralization and former mine workings on the property. The
amalgamated property hosts up to seven known mineral showings a nd a 1.5 km of mineralized
corridor joining the Tilt Cove mine with Anaconda’s Tilt Cove project. See figure 4 below.
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Figure 3: Rambler Project claims disposition, over regional Geology and known mineral showings.
Figure 4: Tilt Cove Project claims disposition, over regional Geology and known mineral showings
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The additional properties acquired occur in proximity of known mineral showing and various developed
projects and historically significant projects. Further work on these properties is anticipated during 2022
to adequately evaluate the prospectivity of the respective projects.
Jacksons Arm west on the Great Northern Peninsula.
Sops Arm (West) on the Great Northern Peninsula, adjacent to historically producing Browning
Gold Mine.
Taylors Pond on the Great Northern Peninsula, adjacent to Taylors Pond Project.
Badger (North and South) in Central Newfoundland.
Noel Paul (East) in Central Newfoundland.
Harmsworth (West) in Central Newfoundland.
Qualified Person
Qualified Person: Luke van der M eer, P.Geo is an independent co nsultant for the Company and an
Independent Qualified Person as de fined by National Instrument 43-101 Standards for Disclosure of
Mineral Projects, and he has reviewed and approved the scientif ic and technical information in this news
release.
About the Company
The Company is engaged in acquisition, exploration, and development of mineral property assets in Canada.
The Company’s objective is to locate and develop economic preci ous and base metal properties of merit
and to conduct its exploration program on the Cameron Lake East Project. The Issuer’s sole property is the
Cameron Lake East Project, located in the Kenora Mining Divisio n of northwestern Ontario, 75 km
southeast of the town of Kenora.
For more information, please refer to the Company’s Prospectus dated January 21, 2021 available on
SEDAR (www.sedar.com), under the Company’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
s / “ Richard Macey”
Richard Macey, President, Chief Executive
Officer and Director
The offered securities have not been and will not be registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any applicable stat e securities laws and may not be offered or sold in the
United States or to “U.S. persons”, as such term is defin ed in Regulation S under the U.S. Securities Act, absent
such registration or an applicable exemption from such re gistration requirements. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy
or accuracy of this release.