Talent signed Amended and Restated Option Agreement with New Terms to Cure Default
5728 East Boulevard.
Vancouver, BC, V6M 4M4
416-904-1478
CSE: TICO
Talent Infinity Resource Developments Inc. Signs Amendment
to Option Agreement Restating Terms to Rectify Default
Vancouver, British Columbia - (September 17, 2024) - Talent Infinity Resource Developments Inc. (“Talent” or
the “Company”) (CSE: TICO) has entered into an amended and restated option agreement whereby the
company has negotiated concessions for curing the default.
The company was successful in negotiating an extension to the option terms to cure the default on the
following items:
a) to a new total of six years plus five months from the original term of four years plus five months;
b) reducing the 3rd year anniversary payment (or by November 2023) from $250,000 to Nil
(effectively skipping any property payments for the 3rd year);
c) reducing the 4th year anniversary payment (or by November 2024) from $400,000 to $100,000; and,
d) a reduction of the company to earn an interest in 70% of the mineral claims from the original 100%
e) negotiated the fifth and sixth years as extensions with a combination of Option Payments and
Expenditures required as per the table below.
Date Payment Required (in
accordance with
Section 3.1 Prior to
this amendment)
Amended Payments Required as of
September 13, 2024 (in accordance
with New Section 3.1)
By July 31, 2021 $20,000 (paid) $20,000 (paid)
By November 30,
2021
$50,000 (paid) $50,000 (paid)
On or before the
earlier of the second
anniversary of the
Listing Date or by
November 30, 2022
$50,000 (paid) $50,000 (paid)
On or before the
earlier of the third
anniversary of the
Listing Date or by
November 30, 2023
$250,000 Nil (had not paid the originally due
$250,000)
5728 East Boulevard.
Vancouver, BC, V6M 4M4
416-904-1478
CSE: TICO
A Material Change Report will be filed on SEDAR PLUS with reference to this News Release for the
Amendment of the Option Agreement terms to cure the default.
On Behalf of the Board of Directors of Talent Infinity Resource Developments Inc.
Derrick Gaon
Chief Executive Officer
(416) 904-1478
About TICO
Talent Infinity Resource Developments Inc. is a mineral exploration company focused on the acquisition, exploration
and development of critical mineral properties. The Company is based in Vancouver, B.C. and holds an option over the
Wildcat Property located in British Columbia.
On or before the
earlier of the fourth
anniversary of the
Listing Date or by
November 30, 2024
$400,000 $100,000
On or before March
31, 2025
$350,000 Option Payment and
$250,000 to be allocated and
available to be spent as
expenditures in developing the
property
On or before the
November 30, 2025
$500,000 as an Option Payment
On or before
November 30, 2026
$1,000,000 as an Option Payment
and $2,000,000 to be spent as
expenditures in developing the
property
TOTAL $770,000 plus the
Phase 1 Development
Expenditures
$2,070,000 (Option Payments) and
$2,250,000 in Development
Expenditures
5728 East Boulevard.
Vancouver, BC, V6M 4M4
416-904-1478
CSE: TICO
Disclaimers
This news release contains forward-looking statements based on assumptions and judgments of management regarding
future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the forward-looking statements. The company disclaims
any intention or obligation to revise or update such statements. For a description of the risks and uncertainties facing
the Company and its business and affairs, readers should refer to the Company's Management's Discussion and
Analysis and other disclosure filings with Canadian securities regulators which is posted on www.sedarplus.ca. This
news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described stated
herein and accordingly undue reliance should not be put on such. No regulatory authority accepts responsibility for the
adequacy or accuracy of this release. The Company does not undertake to update this news release unless required by
applicable law.