Mineral ROAD Acquires Shares of Golcap Resources Corp.
MINERAL ROAD DISCOVERY INC.
#2501-550 Burrard Street Vancouver BC V6C 2B5
NEWS RELEASE
MINERAL ROAD ACQUIRES SHARES OF GOLCAP RESOURCES CORP.
Vancouver, B.C. – November 4 , 2024 ‐ Mineral Road Discovery Inc. (CSE: ROAD) (the “Company” or
“ROAD”) announces it has entered into an agreement dated November 1, 2024 (the “Acquisition Agreement”)
with 1459988 BC Ltd. (“1459988”) wherein the Company has agreed to acquire from 1459988 2,500,000
shares (the “Golcap Shares”) of Golcap Resources Corp. (“Golcap”) at a deemed price of $0.20 per Golcap
Share for a total purchase price of $ 500,000 in exchange for ROAD issuing to 1459988 6,250,000 shares of
the Company (the “ROAD Shares”) at a deemed price of $0.08 per ROAD Share for a total purchase price of
$500,000. The Acquisition Agreement is subject to approval by the CSE. The ROAD Shares issued upon
closing of the Acquisition Agreement will be subject to a four month hold period in accordance with applicable
securities laws.
1459988 is a control person of ROAD and Golcap. Emma Fairhurst, the Chairperson and a director of ROAD
is also a director of 1459988. The issuance of shares to insiders is considered a "related party transaction"
within the meaning of Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special
Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation requirements
of MI 61 -101 pursuant to section 5.5(a) and the minority shareholder approval requirement s of MI 61 -101
pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction,
insofar as it involves interested parties, does not exceed 25% of the Company's market capitalization.
FOR FURTHER INFORMATION CONTACT:
Jason Cubitt
Chief Executive Officer
Emma Fairhurst
Chairperson
Mineral Road Discovery Inc.
Telephone: 778 819 1870
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.