Tres-OR Announces Closing of the Fontana Option Agreement
Tres-Or Head Office: 1934 - 131 Street | White Rock, B.C. | Canada V4A 7R7
Tel: 604-541-8376 | Fax: 604-541-8926 | www.tres-or.com
LEGAL_31490026.2
NEWS RELEASE
TRES-OR ANNOUNCES CLOSING OF THE FONTANA OPTION AGREEMENT
Vancouver, B.C. – July 9, 2019 - Tres-Or Resources Ltd. (TSX -V: TRS) ( “Tres-Or” or the
“Company”) announces that, further to its news release of June 11, 2019 (the “ June 11
Release”), it has received final acceptance o f the TSX Venture Exchange to the closing of its
Option A greement with Ki boko Exploration Inc. (“Kiboko”) over the Company’s Fontana Gold
Project located near Amos, Québec, as described in detail in the June 11 Release (the “ Option
Agreement”). In the first phase of the Option Agreement, Kiboko can earn a 65% interest in the
Fontana Gold Project by making cash payments or subscribing for securities of Tres -Or totaling
$1,000,000 in the next 4 years and complet e an NI 43-101 compliant technical report that
establishes a mineral resource estimate of a minimum of 1,000,000 ounces of gold of inferred
classification or higher, or incur expenditures of $4,000,000 on the Fontana Gold Pr oject over 4
years, of which the first $250,000 is a firm commitment. The Option Agreement is described in
detail in the June 11 Release.
In conjunction with the closing of the Option Agreement , Globex Mining Enterprises Inc.
(“Globex”), has agreed to the restructuring of its royalty arrangements with respect to the
Fontana Gold Project, as more particularly detailed in the June 11 Release. Globex has also
agreed to restructure the payments due to it by Tres -Or such that Tres -Or is to pay $100,000
forthwith and a further $200,000 on or before each of January 1, 2021 and January 1, 2022.
About Tres-Or Resources Ltd.
Tres-Or Resources Ltd. (TSX -V: TRS) is a Canadian resource company focused on exploring
for diamond resources in the Tém iscamingue region of Québec. The Company also has
exposure to certain gold projects in the Abitibi region of Québec that have been optioned to
Kiboko Exploration Inc. Additional information related to the Company is available on SEDAR
and on the Company’s website (www.tres-or.com).
On behalf of the Board of Directors
“Laura Lee Duffett”
Laura Lee Duffett, P.Geo.
President and CEO
For further information:
Laura Lee Duffett, President & CEO: +1 (604) 541-8376 – [email protected]
Website: www.tres-or.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequ acy of accuracy of
this news release.