STLLR Gold Announces Proposed Sale of its Non-Core Loveland Nickel Property to Loyalist Exploration
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STLLR Gold Announces Proposed Sale of its Non-Core Loveland
Nickel Property to Loyalist Exploration
TORONTO, ONTARIO, February 27, 2025 – STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D)
(“STLLR” or the “Company”) is pleased to announce it has entered into a binding letter of intent
with Loyalist Exploration Limited (CSE: PNGC) (“Loyalist”) to sell its interest in the Loveland Nickel
Property (the “Transaction”), located approximately 45 kilometres (“km”) northwest of Timmins,
Ontario, Canada.
The Transaction is part of the Company’s ongoing efforts to streamline its core business of focusing
on advancing its Tower and Colomac Gold Projects and evaluating its Hollinger Tailings Project. The
letter of intent requires the parties to enter a definitive agreement on or before March 31, 2025 that
will provide that STLLR receives for the Transaction: i) C$250,000 in an upfront cash payment, ii)
7,000,000 in Loyalist common shares, and iii) a 2.0% net smelter royalty granting Loyalist a 1.0%
buyback option for C$1,000,000 (subject to CPI adjustments).
About STLLR Gold
STLLR Gold Inc. (TSX: STLR; OTCQX: STLRF; FSE: O9D) is a Canadian gold development company actively
advancing two cornerstone gold projects in Canada: The Tower Gold Project in the Timmins Mining Camp in
Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Each of these two
projects has the potential for a long-life and large-scale operation and are surrounded by exploration land
with favourable upside potential. STLLR’s experienced management team, with a track record of successfully
advancing projects and operating mines, is working towards rapidly advancing these projects.
Contact Us
STLLR Gold Investor Relations
+1 (416) 863-2105 | [email protected] | www.STLLRgold.com
Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to the completion of a definitive agreement for the Transaction
and completion thereof. Generally, forward-looking information can be identified by the use of forward-looking
terminology such as “accelerate”, “add” or “additional”, “advancing”, “anticipates” or “does not anticipate”, “appears”,
“believes”, “can be”, “conceptual”, “confidence”, “continue”, “convert” or “conversion”, “deliver”, “demonstrating”,
“estimates”, “encouraging”, “expand” or “expanding” or “expansion”, “expect” or “expectations”, “fast-track”, “forecasts”,
“forward”, “goal”, “improves”, “increase”, “intends”, “justification”, “leading”, “plans”, “potential” or “potentially”, “pro-forma”,
“promise”, “prospective”, “prioritize”, “reflects”, “re-rating”, “robust”, “scheduled”, “stronger”, “suggesting” or “suggests”,
“support”, “updating”, “upside”, “will be” or “will consider”, “work towards”, or variations of such words and phrases or state
TSX: STLR | OTCQX: STLRF | FSE: O9D
STLLRGOLD.COM
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that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”.
Forward-looking information is based on the opinions and estimates of management at the date the information is made,
and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of STLLR to be materially different from those
expressed or implied by such forward-looking information, including risks associated with required regulatory approvals,
the exploration, development and mining such as economic factors as they effect exploration, future commodity prices,
changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation,
political or economic developments, the ongoing wars and their effect on supply chains, environmental risks, pandemic
risks, permitting timelines, capex, operating or technical difficulties in connection with development activities, employee
relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of
grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined
as well as those risk factors discussed in the Company’s Annual Information Form for the year ended December 31, 2023,
available on www.sedarplus.ca. Although STLLR has attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers
should not place undue reliance on forward-looking information. STLLR does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.