Silver Predator Corp. Announces Closing of Sale of the Taylor Silver Property
NEWS RELEASE
TSXV: SPD
January 30, 2023
NR 23-01
www.silverpredator.com
Silver Predator Corp. Announces Closing of Sale of the Taylor Silver Property
Vancouver, British Columbia , January 30, 2023: Silver Predator Corp. (TSXV: SPD) (“ Silver Predator”) is
pleased to announce the closing of the sale of a series of certain mining claims located in White Pine County
in the State of Nevada, U.S., commonly referred to as the Taylor Silver Property (the “Property”), to White
Pine Precious Metals Inc. (“WPPM”), a privately held company with headquarters in Reno, Nevada USA and
Toronto, Ontario, Canada. The signing of a Definitive Purchase Agreement for this transaction was previously
announced in a joint news release by the two companies on November 23, 2022.
Per the terms of the Purch ase Agreement, Silver Predator received $25,000 USD upon the signing of the
Agreement in November and has now received an initial payment of $850,000 USD, with an additional
$875,000 USD payment due 18 months following the Closing Date, on July 27, 2024. In addition, Silver
Predator has received 5% of the issued and outstanding common shares of WPPM on a basic, non-diluted
basis until WPPM reaches an equity capitalization of $5 million USD, with certain standard exceptions or until
the occurrence of a qualifying liquidity event for WPPM.
“We are delighted to close this sale and to become an equity partner with White Pine Precious Metals,” said
Dr. John T. (“Terry”) Rickard, CEO of Silver Predator. “The initial proceeds of the sale will enable us to begin
exploration activities on our flagship Copper King property in Shoshone County, Idaho, this summer, pending
US Forest Service permitting, while also enabling us to participate in the future prospects of White Pine
Precious Metals.”
“Proceeds from the Taylor transaction will primarily be used to advance the mapping and initial drilling of our
Copper King property in northern Idaho ,” said Nathan Tewalt, Chairman of the Board of Directors of Silver
Predator. “ This work is planned for m id to late summer and will provide an initial test of potential Revett
hosted bedded and vein style silver-copper mineralization on our land position located just 3 to 5 kilometers
north of Hecla Mining Company’s Lucky Friday underground silver-lead-zinc mine.”
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, U.S, and the Cordero and Cornucopia properties
in Nevada, U.S.
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.