Stallion GOLD to Acquire Athabasca Basin Properties Signs Definitive Agreement to Acquire 6 Mineral Claims Covering Approximately 29,273 Hectares
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700-838 WEST HASTINGS ST
VANCOUVER, BRITISH COLUMBIA
V6C 0A6
STALLION GOLD TO ACQUIRE ATHABASCA BASIN PROPERTIES
SIGNS DEFINITIVE AGREEMENT TO ACQUIRE 6 MINERAL CLAIMS
COVERING APPROXIMATELY 29,273 HECTARES
Vancouver, British Columbia, January 6, 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 5, 2022 (the "Definitive Agreement") among the Company, U92 Exploration Limited.
("U92") and the shareholders of U92 to acquire all of the issued and outstanding securities of U92
(the "Transaction").
U92 is a privately held Uranium company with strategic claims in the Western Athabasca Basin,
home to some of the world’s largest high grade uranium discoveries. The claim packages
southern boundary is above Fission 3.0’s (TSX-V:FUU) PLN Project containing the recent
discovery of ultra -high grade U 3O8, while the northern end of the project is just east of the Shea
Creek deposit held by the partnership of UEX and Oran o. The U92 Saskatchewan projects
includes 6 mineral claims totaling 29,273 hectares shown below in Figure 1.
Figure 1
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“We are excited to be acquiring projects in this region of the Athabasca Basin, which is poised to
become the next major area for new uranium operations in Northern Saskatchewan,” explains
Mr. Drew Zimmerman, CEO of Stallion. “Given the extreme proximity o f these claims to recent
high-grade discoveries we see tremendous potential in creating value for all stakeholders by
deploying the exploration techniques being utilized to the area. Our leadership and advisory
team is comprised of leading Uranium explora tion experts including some of the most prolific
Athabasca Basin stakeholders and we will leverage this expertise in our work programs and in
evaluating other opportunities in the Basin.”
The Company will be commencing a work program on the claims duri ng Q1-23 and will provide
additional updates in the coming weeks.
Additionally, the Company will change its name to Stallion Discoveries Corp., pending TSX
Venture Exchange approval. The new name has been chosen to better reflect the Company’s
strategic focus as a large- scale, multi-resource project explorer. The Company will follow with a
subsequent news release after TSXV approval is received to set out the record date and new
CUSIP.
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 U92 the sum of $300,000
and the Company will issue an aggregate of 3,000,000 common shares in the capital of the
Company at a deemed price of $0.10 per share (the “ Consideration Shares”) pro rata to the
holders of the U92 common shares. The Consideration Shares will be subject to a restriction of
resale for four months and one day from the date of Closing.
Closing of the Transaction remains subject to certain closing conditions, including, obtaining all
necessary approvals, including, approval of the TSX -V. Closing of the Transaction will take place
following TSX -V Approval. There can be no assurance that the Transaction will be completed as
proposed or at all.
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None of the securities to be issued pursuant to the Transaction have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws, and any securities issued pursuant to the Transaction are anticipated to be issued
in reliance upon available exemptions from such registration requirements pursuant to Rule 506(b)
of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act and applicable exemptions under
state securities laws. In addition, the securities issued under an exemption from the registration
requirements of the U.S. Securities Act wilI be "restricted securities" as defined under Rule
144(a)(3) of the U.S. Securities Act and will contain the appropriate restrictive legend as required
under the U.S. Securities Act.
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.c om
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 regulat ory
authorities by the Company
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