Scottie Resource S Consolidates Key Claims to Become Substantial Golden Triangle Area Play
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SCOTTIE RESOURCE S CONSOLIDATES KEY CLAIMS TO BECOME
SUBSTANTIAL GOLDEN TRIANGLE AREA PLAY
Vancouver, British Columbia, April 30, 2019 – Scottie Resources Corp. (the “Company”)
(TSXV:SCOT) is pleased to announce that it has entered into an option agreement to acquire a 100%
interest in an extensive land package directly adjacent to the Company's 100%-owned Scottie Gold Mine
property. The mineral claims comprising the land package cover more than 1,500 hectares in the Golden
Triangle area of British Columbia.
"The optioning of this land package is momentous for Scottie Resources", commented Thomas Mumford,
the Company's VP, Exploration. "It fundamentally changes the potential of the Scottie Gold mine property
by substantially expanding our previously restricted footprint. Prior to this acquisition, high grade gold
mineralization was known to exist along our property borders but we were unable to properly advance it.
With this new opportunity to explore the entire mineralizing system we are eager to get boots on the
ground this summer."
Pursuant to the terms of the option agreement between the Company and an arm's length third party, the
Company has the exclusive right to acquire a 100% interest in the property, subject to a 1.8% gross smelter
return royalty, for aggregate consideration of $250,000 in cash and 2,200,000 common shares of the
Company, exercisable as follows:
Year Cash Common Shares
Upon TSXV Approval $50,000 200,000
1st Year Anniversary $50,000 400,000
2nd Year Anniversary $50,000 500,000
3rd Year Anniversary $50,000 500,000
4th Year Anniversary $50,000 600,000
Total $250,000 2,200,000
The Company has the right to re-purchase 0.8% of the royalty for $1 million at any time. The option
agreement remains subject to approval of the TSX Venture Exchange.
In addition, the Company is pleased to announce that it has purchased additional adjacent mineral claims,
covering a total of over 500 hectares, for $7,000 in cash.
In order to assist the Company with its short-term working capital needs, the Company has entered into short-
term loan agreements whereby it has borrowed a total of $260,000, of which $180,000 is from Bradley
Rourke, a director and officer of the Company, and $80,000 is from Aeternum Capital Inc. The loans are
unsecured, pay interest at 15% per annum, and are to be repaid by the later of (a) June 28, 2019; and (b) the
date on which the lender makes a demand for repayment in writing (up to a maximum term of five years).
Subject to approval of the TSX Venture Exchange, up to 980,000 bonus warrants will be issued to the lenders
in connection with the loans, with each bonus warrant being exercisable at a price of $0.21 per share for a
period of one year.
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ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the high grade, past-producing Scottie Gold Mine property and has the option
to purchase a 100% interest in the Bow property which is contiguous with the Scottie Gold Mine property.
Scottie owns 100% interests in the Ruby Silver and Black Hills properties and has the option to purchase a
100% interest in the Bitter Creek property which joins the Ruby Silver property with the Black Hills property.
All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which
is among the world’s most prolific mineralized districts.
Further information on Scottie can be found on the Company’s website at www.scottieresources.com and at
www.sedar.com, or by contacting Bradley Rourke, President and CEO, at (250) 877-9902.
ON BEHALF OF THE BOARD OF DIRECTORS
“Bradley Rourke”
President & CEO
FORWARD LOOKING STATEMENTS
This news release may contain forward‐looking statements. Forward looking statements are statements
that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”,
“anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that
events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the
expectations expressed in such forward‐looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may differ materially from those in
forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions
of the Company’s management on the date such statements were made. The Company expressly disclaims
any intention or obligation to update or revise any forward‐looking statements whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this
release.