Solstice Closes Acquisition of Jackpine and the Nights Sky Option in Atikokan
Solstice Closes Acquisition of Jackpine and the Nights Sky Option in Atikokan
VANCOUVER, British Columbia, January 14, 2022 - Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our”
or the “ Company”) is pleased to announce that it has received final approval from the TSX Venture
Exchange for the acquisition of: (i) a 50% interest in the Jackpine Project (“Jackpine”) pursuant to a
Property Sale Agreement dated December 10, 2021 (the “ Property Purchase Agreement ”) with Gravel
Ridge Re sources Ltd. (“ Gravel”) and 1544230 Ontario Inc. (“ 1544230” and together with Gravel, the
“Sellers”); and (ii) an option (“Option”) to acquire a 100% interest in the Nights Sky Project (“Nights Sky”)
pursuant to an Option Agreement dated December 10, 2021 (the “ Option Agreement”) with 1544230
(the “Optionor”) (see news release dated December 16, 2021).
Pursuant to the Property Purchase Agreement, Solstice issued a total of 400,000 common shares
(“Common Shares”) in the capital of Solstice to the Seller s (collectively, the “Jackpine Payment Shares”)
and has granted a 1.25% net smelter return (“NSR”) royalty on the Jackpine in favour of the Sellers, 0.5%
of which may be repurchased by Solstice for $500,000 at any time prior to the commencement of
commercial production on the Jackpine. Solstice now owns a 100% interest in Jackpine.
Pursuant to the Option Agreement, Solstice paid the Optionor $12,000 in cash and issued 200,000
Common Shares to the Optionor (the “ Option Payment Shares ” and collectively with the Jackpine
Payment Shares, the “ Payment Shares ”). Subject to making the remaining cash payments under the
Option Agreement, upon exercise of the Option, Nights Sky will be subject to a 1.5% NSR royalty in favour
of the Optionor, 0.5% of which may be repurchased by Solstice for $500,000 any time after the exercise
of the Option and prior to the commencement of commercial production.
The Payment Shares are subject to a four -month statutory hold period from the date of issuance in
accordance with applicable Canadian securities legislation.
About Solstice Gold Corp.
Solstice is a gold-focused exploration company with three, district -scale projects in established mining
regions of Canada. Our 174 km2 Red Lake land position is located on the northern extensions of the prolific
Red Lake Gold Camp in Ontario. RLX is approximately 45km from the Red Lake Mine Complex owned by
Evolution Mining. The Company is funded for phase one drilling in Red Lake. Our n ewly formed 225km2
Atikokan Gold Project is approximately 23km from the Hammond Reef Gold Project owned by Agnico
Eagle Mines Limited and is funded for a robust field program in 2022. Our district scale Qaiqtuq Gold
Project covers 886 km2 with certain other rights covering an adjacent 683 km2, hosts a 10 km2 gold boulder
field and is fully permitted with multiple drill -ready targets. Qaiqtuq is located in Nunavut, Canada, only
26 km from Rankin Inlet and approximately 7 km from the Meliadine gold deposits owned by Agnico Eagle
Mines Limited.
Solstice is committed to responsible exploration and development in the communities in which we work.
For more details on Solstice Gold, our exploration projects and details on our recently acquired portfolio
of projects please see our Corporate Presentation available at www.solsticegold.com.
Neither TSX Venture Exchange nor 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.
On Behalf of Solstice Gold Corp.
Mike Timmins, Chief Executive Officer
For further information on Solstice Gold Corp., please visit our website at www.solsticegold.com or
contact:
Phone: (604) 283-7234
Cautionary Note Regarding Forward-Looking Statements and Information
This news release contains certain forward -looking statements (“FLS”) including, but not limited to statements
relating to [the exercise of the Option, including the cash payments payable in connection therewith, the grant of
the royalty under the Option Agreement, the Company’s right to re purchase certain portions of the royalties
granted under the Property Purchase Agreement and the Option Agreement, and the Company’s planned
exploration activities ]. FLS can often be identified by forward -looking words such as “approximate or (~)”,
“emerging”, “goal”, “plan”, “intent”, “estimate”, “expects”, “potential”, “scheduled”, “may” and “will” or similar
words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intenti ons or
statements about future events or performance. There is also no guarantee that continued exploration at Solstice
exploration projects, all of which are at an early stage of exploration, will lead to the discovery of an economic gold
deposit. Factors that could cause actual results to differ materially from any FLS in clude, but are not limited to the
future impacts of the COVID 19 pandemic and government response to such pandemic, the ability of the Company
to continue exploration at its projects during the pandemic and the risk of future lack of access to the projects as a
result thereof, delays in obtaining or failures to obtain required governmental, environmental or other project
approvals, inability to locate source rocks, inflation, changes in e xchange rates, fluctuations in commodity prices,
delays in the development of projects, regulatory approvals and other factors. FLS are subject to risks, uncertainties
and other factors that could cause actual results to differ materially from expected results.
Potential shareholders and prospective investors should be aware that these statements are subject to known and
unknown risks, uncertainties and other factors that could cause actual results to differ materially from those
suggested by the FLS. Share holders are cautioned not to place undue reliance on FLS. By their nature FLS involve
numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility
that the predictions, forecasts, projections and various future events will not occur. Solstice undertakes no obligation
to update publicly or otherwise revise any FLS whether as a result of new information, future events or other such
factors which affect this information, except as required by law.
This news release contains information with respect to adjacent or other mineral properties in respect of which the
Company has no interest or rights to explore or mine or acquire. Readers are cautioned that mineral deposits on
adjacent or similar properties ar e not indicative of mineral deposits on the Company’s properties, nor is there
certainty that Solstice’s projects will contain economic mineralization. This news release mentions other companies
that are unrelated to Solstice and this does not imply any agreements, partnerships or rights with respect to any of
these companies or their properties other than where explicitly defined. Past performance is no guarantee of future
performance and all investors are urged to consult their investment professionals be fore making an investment
decision.