Stallion Discoveries Announces 100% Ownership of Horse Heaven Gold & Antimony Project in Central Idaho Completed Earn-In Option for Horse Heaven Project Neighbouring Perpetua Resources’ Stibnite Project
32583566v1
700-838 WEST HASTINGS ST
VANCOUVER, BRITISH COLUMBIA
V6C 0A6
Stallion Discoveries Announces 100% Ownership of Horse
Heaven Gold & Antimony Project in Central Idaho
Completed Earn-In Option for Horse Heaven Project Neighbouring
Perpetua Resources’ Stibnite Project
Vancouver, British Columbia, May 29, 2023 – Stallion Discoveries Corp. (the "Company" or "Stallion") (TSX-
V: STUD; OTCQB: STLNF; FSE: HM4) is pleased to announce that the Company has completed its earn -in on
the Share Option Agreement dated March 1, 2021 (the “ Agreement”) pursuant to which the Company has
acquired all the shares outstanding in 1262446 B.C . Ltd. (“Horse Heaven Parent”). Horse Heaven Parent is
the sole owner of Horse Heaven Holdings Inc. (“ Horse Heaven Nevada ”). Horse Heaven Nevada holds a
100% interest in the Horse Heaven Project (the “Project”).
Horse Heaven Project
The Project is comprised of 699 mining claims covering 14,374 acres in Valley County, Idaho and shares its
entire eastern boundary with Perpetua Resources’ Stibnite Gold Project. Perpetua Resources’ vision is to
provide the U.S. with a domestic source of the critical mineral antimony, develop one of the largest and
highest-grade open pit gold mines in the country and restore an abandoned brownfield site. The United
Stated Forest Service updated the permitting schedule for the Project with a Final Environmental Impact
Statement and draft Record of Decision expected by the end of 2023 and a Final Record of Decision
anticipated in early 2024.
32583566v1
“The work we have done at Horse Heaven gives our team high confidence in the potential for a significant
discovery of both Gold and Antimony. Our belief in the Horse Heaven project comes from our own geological
work, but when combined with the continued advancement of the Stibnite Project by Perpetua Resources
right next door, we belive this area will be one of the most exiting gold and critical mineral districts in the
US,” stated Drew Zimmerman, CEO of Stallion Discoveries.
The Project has two zones with historical exploration : the Golden Gate Fault Zone and the Antimony Ridge
Fault Zone. The current focus of exploration on the Horse Heaven project is along the 3km Golden Gate Fault
Zone(GGFZ), which hosts gold and tungsten mineralization. Stallion has adv anced the GGFZ through a 789
sample geochemical survey done in 2021 showing structurally controlled anomalous gold and a CSAMT
geophysical survey across the whole zone in 2022. This work along with historical drilling results showing
grades of up to 1.51g/t over 36m give Stallion high confidence of strong gold mineralization along the Fault
Zone. The team has prepared a 19 pad drill program to test the fault zone and is currently working with the
USFS for a drill permit.
Exploration at Antimony Ridge will focus on the area that had historical mining of antimony and will include
geological mapping, rock, and soil sampling to delineate if and where a potential geophysical survey would
be beneficial. Antimony is classified as a critical mineral in the USA and efforts to delineate significant
occurrences of strategic minerals that currently have no domestic production cannot be overlooked,
especially with recent inclusion of antimony as a defense shortfall material by the Department of Defense
and inclusion in the Homeland Acceleration of Recovering Deposits and Renewing Onshore Critical Keystones
Act ("HARD ROCK Act"), a bipartisan bill to bolster domestic production of critical minerals released on June
14, 2022.
Stallion believes the property is underexplored and that along with the two historical zones, there are several
other targets that have been identified for further exploration. The Project has year-round road access, close
proximity to electrical transmission lines, available access to wat er rights and a state maintained 1,000m
airstrip adjacent to the property.
Stallion’s current strategy for t he Horse Heaven project requires minimal ongoing capital investment while
providing upside potential given the advancement of the adjacent Stibnite Project, one of the largest, high-
grade independent gold mines in the United States. The successful permitting of the Stibnite project would
create significant value for the area.
Pursuant to the Agreement, the Company has made its final payment of CAD$400,000 and issued 12,000,000
common shares to acquire a 100% interest in Horse Heaven Parent. In total, the Company has paid a total
of CAD$1,200,000 and issued an aggregate 36,000,000 common shares over a two -year period. All shares
issued pursuant to the Agreement are subject to a hold period of four months and one day from issuance.
About Stallion Discoveries
Stallion Discoveries is working to Fuel the Future with Uranium through the exploration of over 3,000
sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company
holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade
discovery zones.
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with
the capital markets experience and the technical talent for acquiring and exploring early-stage properties.
Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world class gold
deposits offering exposure to upside potential from district advancement with limited capital expenditures.
32583566v1
For more information visit Stalliondiscoveries.com
For further information contact:
Lisa Stewart
Investor Relations
(604) 341-8177
Drew Zimmerman
Chief Executive Officer
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.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian
securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will
likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”,
“intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be
forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results
or outcomes to differ materially from those expressed in such forward- looking statements. No assurance can be given
that these expectations will prove to be correct and such forward- looking statements included in this material change
report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ
materially from those that are disclosed in or implied by such forward- looking statements. The Company undertakes no
obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the
Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination
of factors, may cause results to differ materially from those contained in any forward- looking statement. Any forward-
looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.