Arbitration Claim Update
Arbitration Claim Update
VANCOUVER, BRITISH COLUMBIA – July 2, 2025 – Lupaka Gold Corp.
("Lupaka" or the “Company") (TSX-V: LPK, FRA: LQP) is very pleased to
announce that on June 30, 2025 it has received the Final Award from the Arbitral
Tribunal in the arbitration initiated by the Company against the Republic of Peru
for violation of the Free Trade Agreement between Canada and Peru in
connection with Lupaka’s investment in the Invicta Gold Project. The Tribunal
upheld Lupaka’s claims and ordered Peru to pay Lupaka a total amount, which is
currently approximately US$60 million, as follows:
1. Compensation in the amount of US$40,400,000 (i.e. the full amount claimed
by Lupaka), plus interest thereon at the rate of LIBOR +4% from 26 August 2019
until 30 June 2023 and UST +5% from 1 July 2023 to the date of payment,
compounded annually.
2. Reimbursement of costs and expenses incurred by the Company in the
arbitration, totalling US$4,215,956.42, plus compound interest at UST + 5% from
the date of the award (June 30, 2025) to the date of final payment.
Gordon Ellis (CEO) commented “Receipt of the Final Award is exceptionally good
news and a key step in our arbitration proceedings against the Republic of Peru.
However, it does not necessarily mean that the Company will recover the
amounts awarded in the immediate future. We may have a few more hoops to
jump through prior to the Company actually receiving any cash.”
We are in discussions with our legal counsel as to our next steps and how best to
proceed. The first payments to be made subsequent to receipt of any award
proceeds will go to our funding partner, Benchwalk LP. We will keep our
shareholders informed as we progress.
For ongoing updates and more detail with respect to the arbitration, please refer
to the Company’s website (www.lupakagold.com/projects/arbitration).
For background on the basis for the Claim, please refer to the Company’s
previous news releases, also available on the Company’s website
(www.lupakagold.com/news/#2020).
Lupaka is represented in the arbitration proceedings by the international law firm
LALIVE (www.lalive.law), and has the financial backing of Bench Walk Advisors
(www.benchwalk.com).
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
the term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of this news release.
About Lupaka Gold
Lupaka is a Canadian-based company focused on creating shareholder value
through identification and development of mining assets.
About LALIVE
LALIVE is an international law firm with offices in Geneva, Zurich and London,
that specializes in international dispute resolution. The firm has extensive
experience in international investment arbitration in the mining sector, amongst
others, and is currently representing investors and States as counsel worldwide.
About Bench Walk Advisors
Bench Walk Advisors is a global litigation financier with over USD 250 million of
capital deployed across in excess of 100 commercial cases. Bench Walk and its
principals have consistently been ranked as leading lawyers and litigation
funders in various global directories.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gordon Ellis, C.E.O.
Tel: (604) 985-3147
or visit the Company’s profile at www.sedar.com or its website at
www.lupakagold.com