And More Than Double Athabasca Basin Land Package Signs Definitive Agreement to Acquire 17 Mineral Claims Covering Approximately 49,558 Hectares
LEGAL_40293619.1
700-838 WEST HASTINGS ST
VANCOUVER, BRITISH COLUMBIA
V6C 0A6
STALLION GOLD TO ACQUIRE HATHOR EXPLORATION LTD.
AND MORE THAN DOUBLE ATHABASCA BASIN LAND PACKAGE
SIGNS DEFINITIVE AGREEMENT TO ACQUIRE 17 MINERAL CLAIMS
COVERING APPROXIMATELY 49,558 HECTARES
Vancouver, British Columbia, January 12 , 2023 – Stallion Gold Corp. (the "Company" or
"Stallion") (TSX-V: STUD; OTCQB: SLLGF) is pleased to announce it has signed a share purchase
agreement dated January 11 , 2022 (the "Definitive Agreement ") among the Company, Hathor
Exploration Ltd. ("Hathor") and the shareholders of Hathor to acquire all of the issued and outstanding
securities of Hathor (the "Transaction").
Hathor owns 17 mineral claims that are held strategically throughout the Athabasca Basin, home
to some of the world’s largest high grade uranium dep osits. The claim packages are split into 12
distinct blocks that range from the western edge of the basin near Cluf f Lake to as far east as the
Roughrider deposit acquired by Uranium Energy. Of the new claim blocks, one is contiguous with
a claim block from the U92 Agreement recently announced on January 6 th (here). This combined
claim block now starts at its north end near Shea Creek, extends down to the north end of Fission
3.0’s PLN project and now wraps around to extend along the majority of the eastern border of the
PLN project and stops roughly 20km north of the Arrow deposit held by Nexgen. The other land
blocks give Stallion proximity to some of the most importa nt uranium discoveries and mines
throughout the basin. The mineral claims together cover 49,558 hectares and can be seen in
Figure 1 below.
LEGAL_40293619.1
Figure 1
“The acquisition of Hathor more than doubles Stallion’s footprint in the basin to a combined total
of 78,831 hectares. The additional package now creates one continuous claim block of 35,875
hectares in the prolific western side of the basin and it shares a significant boundary with Fission
3.0’s PLN project ,” says Mr. Drew Zimmerman, CEO of Stallion. “This acquisition gives Stallion
strategic land holdings across the basin and puts the Company at the epicenter of significant
exploration activity and capital deployment. We have a highly experienced team of uranium
industry veterans with a history of value creation in the Basin and we will be leveraging that
expertise as we commence our work program in the coming weeks.”
"The Athabasca Basin is home to the worl d’s foremost high-grade uranium discoveries. Having
had first-hand experience in the discovery of the Roughrider uranium deposit , I am excited by
the Company’s acquisition of these highly prospective claims,” added Mr. Stephen Stanley,
Advisor to Stallion. “Through the acquisition of these two land packages Stallion has inserted
itself into the heart of one of the most active areas in the basin.”
The Company will be evaluating and prioritizing a work program commencing on the claims
during Q1-23 and will provide additional updates in the coming weeks.
Share Purchase Agreement Terms
In consideration for the Transaction and pursuant to the terms of the Definitive Agreement, and
on closing thereof ("Closing"), the Company will pay the shareholders of Hathor the sum of
$400,000.
Figure 1
LEGAL_40293619.1
Closing of the Transaction remains subject to certain closing conditions, including, obtaining all
necessary approvals . There can be no assurance that the Transaction will be completed as
proposed or at all. Additionally, subject to approval of the TSX -V, the Company will pay a finder’s
fee in cash to a non-related third party in relation to the Transaction.
LEGAL_40293619.1
About Stallion Gold
Stallion Gold is a mineral exploration company focused on the exploration of precious metals and critical
minerals. Stallion Gold is using modern exploration techniques to explore historical and new mineral
targets on its expansive land package in Idaho and Nevada. A strong management team brings
expertise in both the capital markets and the technical talent for acquiring early -stage property with
highly prospective targets.
For more information visit Stalliongold.com
For further information contact:
Drew Zimmerman
Chief Executive Officer
(778) 686-0973
Neither the 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.
Except for historical information contained herein, this news release contains forward- looking statements
that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to
applicable securities laws, the Company will not update these forward-looking statements to reflect events or
circumstances after the date hereof. More detailed information about potential factors that could affect
financial results is included in the documents filed from time to time with the Canadian securities regulatory
authorities by the Company
LEGAL_40293619.1