Trius Completes Purchase of Gander WEST Property Near New Found Gold’S Queensway Project
TRIUS INVESTMENTS INC.
TRIUS COMPLETES PURCHASE OF GANDER WEST PROPERTY
NEAR NEW FOUND GOLD’S QUEENSWAY PROJECT
Fredericton, New Brunswick – September 21, 2020 – Trius Investments Inc. (TSXV: TRU) (“Trius” or
the “Company”) is pleased to announce that , further to its press release dated September 9, 2020, it has
completed the indirect purchase of a mineral license (the “Transaction”) for the Gander West exploration
property in Newfoundland (the “Gander West Property”), along with all related permits and technical data
(collectively, the “Purchased Assets”).
The Gander West Property consists of 120 claims covering 3,000 hectares of prospective ground, and is
located approximately 16 kilometres (km) from the centre of New Fo und Gold Corp.’s Queensway
Project, where that company recently drilled 92.86 grams/ton (g/t) of gold (Au) over 19.0 metres (source:
newfoundgold.ca/project/Queensway-project).
Figure 1: Trius’ Gander West Property - Neighbouring Exploration
The Gander West Property is mostly unexplored and is located in the midst of a well known gold belt,
along a strong N E-SW structural lineament within a magnetic -low corridor, and immediatel y south of a
prominent magnetic-high anomaly. Hi gh-grade gold occurrences (>50g/t Au in gra b samples) occur in
quartz veins 2.5 km southwest of the Gander West Property.
Figure 2: Trius’ Gander West Property – Magnetic Imaging
The Gander West Property is already permitted for exploration, including ground geophysic s,
geochemical surveys, and prospecting.
Trius’ President and CEO Joel Freudman commented: “We’re very pleased to have acquired the Gander
West Property, which we believe has meaningful exploration potential given the limited work there t o
date. While we determine how best to build value from the G ander West Property, we’ll also be looking
at expanding our footprint in this region and across Newfoundland to build an asset package that we
believe can generate returns within our portfolio for our shareholders.”
The Transaction has been closed in es crow, pending Newfoundland governmental registration of the
transfer of certain Purchased Assets to Trius. As previously disclosed , the vendors of the Purchased
Assets (the “Vendors”) received the following consideration for the Purchased Asse ts: (i) the issuance by
Trius of an aggregate of 2,000 ,000 common shares in the capital of Trius at a deemed price of $0.19 per
share; (ii) the payment to certain of the Vendors of an aggregate of $25,000 in cash ; and (iii) the granting
to certain of the Vendors of a 3.0% net smelter returns royalty from any future mineral production at the
Gander West Property. The Company also reimbursed certain of the Vendors’ non-material staking costs.
The Purchased Assets will be a novel, direct mineral exploration holding withi n the Company’s broader
investment portfolio. Trius is acquiring the Purchased Assets as a passive investment, and does not intend
to operate the Gander West Property directly. However, Trius may engage third -party technical and
exploration consultants to advance its mineral property holdings so as to increase their monetization
potential.
About Trius Investments Inc.
Trius is an investment issuer increasing its exposure to the precious metals sector through a variety of
novel investment structures, inclu ding acquiring gold exploration properties in Newfoundland . Trius’
common shares trade on the TSXV under the symbol “TRU”.
Trius is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing
venture capital markets advisory se rvices and proprietary financing. Resurgent works with promising
public and pre-public micro-capitalization Canadian companies.
Dean Fraser, P.Geo., one of the Vendors and a technical advisor to the Company, is a qualified person as
defined by the Canadian Securities Administrators’ National Instrument 43 -101, and has reviewed and
approved the contents and technical disclosures in this press release.
For further information, please contact:
Joel Freudman
President & CEO
Trius Investments Inc.
Phone: (647) 880-6414
Cautionary Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information and links in this press release relating to New Found Gold Corp. are from sources believed to
be reliable, but that have not been independently verified by Trius. These l inks are included in this press
release as inactive textual references for reference purposes only and the information on or connected to
these websites is not part of, or incorporated by reference into, this press release.
This press release contains certain forward-looking statements, including those relating to advancing and
monetizing the Gand er West Property, and the acquisition of other mineral exploration investments .
These statements are based on numerous assumptions regarding the Purchased Assets that are believed by
management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties,
including without limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily
indicative of mineralization hosted on the Company’s property , the exploration or monetization potential
of the Purchased Assets and specifically the Gander West Property; challenges in identifying, structuring,
and executing additional investments and acqu isitions, on favourable terms or at all; risks inherent in
mineral exploration activi ties and investments in the m ineral exploration sector ; volatility in financial
markets, economic conditions, and precious metals prices; and those other risks described i n the
Company’s continuous disclosure documents. Actual results may differ materially from results
contemplated by the forward-looking statements herein. Investors and others should carefully consider the
foregoing factors and should not place undue reliance on such forward-looking statements. The Company
does not undertake to update any forward -looking statements her ein except as require d by applicable
securities laws.