Trillium Gold Closes Acquisition of Eastern Vision Properties for over 100km on trend with Dixie Deposit
NEWS RELEASE
Trillium Gold Closes Acquisition of Eastern Vision
Properties for over 100km on trend with Dixie Deposit
Vancouver, British Columbia, Canada. June 22, 2022 – Trillium Gold Mines Inc. (TSXV:TGM,
OTCQX:TGLDF, FRA:0702) (“Trillium Gold” or the “Company”) is pleased to announce that it has
closed the acquisition in respect of the majority of Imagine Lithium Inc.’s (“Imagine Lithium”)
Eastern Vision property holdings in the Confederation Lake assemblage , within the Birch-Uchi
greenstone belt in the Red Lake Mining District of Ontario. (See news releases of April 27, 2022,
December 15, 2021 and July 19, 2021.) These property holdings include properties that Trillium
has acquired directly and others for which Trillium has assumed option agreements as optionee.
The land package covers 13,958 hectares between the Fredart, Confederation North and
Confederation South properties (see map below), giving Trillium Gold control over a significant
portion of the Confederation Lake assemblage, creating a contiguous land package over greater
than 100km of favourable structure s on trend with Kinross Gold’s Dixie Deposit and Evolution
Mining’s Red Lake Operation.
As part of the transaction , Trillium Gold issued 2,800,000 common shares in the capital of the
Company together with a cash payment of $175,000 to Imagine Lithium. In addition, the Company
has agreed to assume Imagine Lithium’s cash paym ent commitments under its existing option
agreements, while Imagine Lithium retains its original share issuance obligations.
Concurrent with the closing, Trillium Gold paid $20,000 in cash to Pegasus Resources Inc.
(“Pegasus”), together with 100,000 common shares in the capital of the Company, to earn into
certain option agreements that Trillium has agreed to assume as optionee from Imagine Lithium.
The cash consideration represent ed the remaining option payments under said option
agreements, while the equity consideration purchase d Pegasus’ carried interest in the relevant
properties such that 100% of those properties are now held by Trillium Gold.
Pursuant to the remaining option agreements that it is assuming as optionee, Trillium Gold must
pay a total of $186,000 in option payments over approximately two years in order to earn in to
and exercise the options.
Also concurrent with the closing, Trillium Gold purchase d a 2.0% NSR royalty on the Fredart
property from prospector Perry English in consideration for the issuance of 60,000 common
shares in the capital of the Company and $50,000 in cash.
The technical information presented in this news release has been reviewed and approved by
William Paterson QP, P.Geo, Vice President of Exploration of Trillium Gold Mines, as defined by
NI 43-101.
NEWS RELEASE
Map showing Trillium Gold’s current landholdings and the acquired Eastern Vision claims.
For further information, please contact Donna Yoshimatsu, VP Corporate Development and
Investor Relations at [email protected], (416) 722-2456, or [email protected],
604-688-9588.
Visit our website at www.trilliumgold.com.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
Russell Starr
Interim Chairman, President, CEO
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a growth focused company engaged in the business of acquisition,
exploration and development of mineral properties located in the Red Lake Mining District of
Northern Ontario. As part of its regional -scale consolidation strategy , the Company has
assembled the largest prospective land package in and around the Red Lake mining district in
proximity to major mines and deposits, along the Confederation Lake and Birch-Uchi greenstone
belts. Recently, the Company signed a definitive agreement for control over a significant portion
of the Confederation Lake greenstone belt to more than 100 km in length. In addition, the
Company has interests in highly prospective properties in Larder Lake, Ontario.
NEWS RELEASE
Neither TSX Venture Exchange n or 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 note regarding forward-looking statements
This news release contains forward -looking information, which involves known and unknown risks,
uncertainties and other factors that may cause actual events to differ materially from current expectations.
Forward-looking information is based on management’s reasonable assumptions, estimates, expectations,
analyses and opinions, which are based on management’s experience and perception of trends, current
conditions and expected developments, and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be incorrect. Such factors, among others, include:
impacts arising from the global disruption caused by the Covid -19 coronavirus outbreak, business
integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of gold or certain other commodities; change in national and local
government, legislation, taxation, controls, regulations and political or economic developments; ris ks and
hazards associated with the business of mineral exploration, development and mining (including
environmental hazards, industrial accidents); inability to obtain adequate insurance to cover risks and
hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations;
relationships with and claims by local communities and indigenous populations; availability of increasing
costs associated with mining inputs and labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses, permits and approvals from government
authorities); and title to properties.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only
as of the date of this press release. The Company disclaims any intention or obligation, except to the extent
required by law, to update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise.