Silver Predator Corp. and White Pine Precious Metals Inc. Announce Signing of Definitive Purchase Agreement for the Taylor Silver Property
NEWS RELEASE
TSXV: SPD
November 23, 2022
NR 22-05
www.silverpredator.com
www.whitepinemetals.com
Silver Predator Corp. and White Pine Precious Metals Inc. Announce Signing of
Definitive Purchase Agreement for the Taylor Silver Property
Vancouver, British Columbia, November 23, 2022: Silver Predator Corp. (TSXV: SPD) (“Silver Predator”) and
White Pine Precious Metals Inc. (“WPPM”), a privately held Ontario-based company, jointly announce the
signing of a Definitive Purchase Agreement (the “Purchase Agreement”) for White Pine Precious Metals Inc.
to acquire from Silver Predator a series of certain mining claims located in White Pine County in the State of
Nevada, commonly referred to as the Taylor Silver Property (the “Property”). The Purchase Agreement was
signed after market hours on November 22, 2022.
The principal terms of the Purchase Agreement are a payment of $25,000 USD immediately upon the signing
of the Purchase Agreement, followed by a payment of $850,000 USD by January 20, 2023 (the “Closing Date”),
with an additional $875,000 USD payment 18 months following the Closing Date. In addition, Silver Predator
will receive upon the Closing Date 5% of the issued and outstanding common shares of WPPM on a basic,
non-diluted basis until WPPM reaches an equity capi talization of $5 million USD , with certain standard
exceptions or until the occurrence of a qualifying liquidity event for WPPM.
“We are delighted to sell our now fully-matured interest in the Taylor property and to become an equity
partner with White Pine Precious Metals,” said Dr. John T. (“Terry”) Rickard, CEO of Silver Predator. “This will
provide the means for us to begin exploration activities on our flagship Copper King property in Shoshone
County, Idaho, next year, and enable us to participate in the future prospects of White Pine Precious Metals.”
Mr. John Antwi, Co -Founder and Director of WPPM, commented: “ The acquisition of the Taylor Project is
very strategic for the White Pine Precious Metals team. It is indeed a golden opportunity in a historic silver
district that shows significant potential for a Carlin-type gold system. The Taylor project presents near-term
value drivers in a target-rich geologic environment, which is very familiar to our team of experienced Carlin-
type geologists who are poised to add value to the project. We will be providing updates in the coming months
on our exploration plan and certain key milestones for the corporation”.
“Proceeds from the Taylor transaction are staged within a time frame that allows Silver Predator to plan and
execute a summer drill program at Copper King in 2023 ,” notes Nathan (“Nate”) Tewalt, Chairman of Silver
Predator. “Our geologic model for Copper King, based on local and regional work, suggests the potential for
both bedded and vein style silver-copper targets on claims that are 3 to 5 kilometers north of Hecla’s Lucky
Friday underground silver-lead-zinc mine.”
This Purchase Agreement has been approved by the Silver Predator Board of Directors and is subject to TSXV
approval.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the WPPM common
shares described herein in the United States or in any other jurisdiction, nor shall there be any sale of the
common shares in any state in which such offer, solicitation or sale would be unlawful. The common shares
have not been and will not be registered under the U.S. Securities Act, or any state securities laws, and
accordingly, may not be offered or sold in t he United States except in compliance with the registration
requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions
therefrom.
Silver Predator Corp.
Silver Predator is a mining exploration company, with properties in the wes tern US. In addition to the
Taylor Silver Project , the Company holds the Copper King project, located in the eastern portion of the
famous Coeur d’ Alene Silver District near Mullan, Idaho , and the Cordero and Cornucopia properties in
Nevada.
White Pine Precious Metals
White Pine Precious Metals is a new private mineral resource company formed and led by experienced
mining and exploration executives with headquarters in Reno, Nevada, USA. The Company is in the process
of closing a transaction to purchase the Taylor Project. Upon transaction closing, the company is planning
to review the unaccounted gold resources and rescope the project to identify additional gold targets in the
district. For additional information please visit the Company’s website at www.whitepinemetals.com.
For additional information:
Nathan A. Tewalt or John T. Rickard
Chairman Chief Executive Officer
208-635-5415 208-635-5415
[email protected] [email protected]
[email protected] [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information
contained herein.