Trius Expands Newfoundland Exploration Package
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TRIUS INVESTMENTS INC.
TRIUS EXPANDS NEWFOUNDLAND EXPLORATION PACKAGE
Fredericton, New Brunswick – September 24, 2020 – Trius Investments Inc. (TSXV: TRU) (“Trius” or
the “Company”) is pleased to announce that its wholly-owned sub sidiary (the “Subsidiary”) has entered
into a mineral property acquisition agreement (the “Purchase Ag reement”) with five arm’s length
individual vendors (collectively, the “Vendors”), including sev eral members of the Stares family which
received the Prospectors and Developers Association of Canada’s Bill Dennis Prospector of the Year
Award in 2007.
Pursuant to the Purchase Agreement, the Company will indirectly purchase 7 exploration-stage mineral
claims located in Toogood Arm in Newfoundland (the “Toogood Arm Property”), along with all related
permits and technical data (collectively, the “Purchased Assets”).
Toogood Arm Property
The Toogood Arm Property consists of 247 units covering 6,175 h ectares and expands Trius’
Newfoundland land package, followi ng Trius’ acquisition of the Gander West Property as announced on
September 21, 2020.
The Toogood Arm Property is largely unexplored. At the Wild Cov e claims which form part of the
Toogood Arm Property, historical grab samples from the massive, banded sulphides within Zone 1
returned assay values up to 25.0% zinc (Zn), 2.4% copper (Cu), 86 g/t silver (Ag) and 1.9 g/t Au, and
grab samples of stringer mineralization returned values up to 9 .1% Zn, 1.8% Cu, 2.51 oz/t Ag and 1.9 g/t
Au. An average value based on 10 selected samples from Zone 1, including massive, semi-massive,
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stringer and disseminated mineralization, is 11.91% Zn and 1.33% Cu. Historical diamond drill hole WC-
96-01 was collared in Zone 1 mineralization and returned an ave rage assay value of 5.7% Zn, 1.2% Cu,
40 g/t Ag and 1.0 g/t Au over an interval of 4.0 meters. (Refer ence National Mineral Inventory Number:
002E/10/Cu 004, Record ID Number: 264)
Note that grab samples and drill hole results are select sample s and are not necessarily representative of
mineralization on the Toogood Arm Property. The diagrams and te chnical information herein relating to
the Toogood Arm Property have been supplied by the Vendors and have not been independently verified
by Trius.
Joel Freudman, President and CEO of Trius, said, “We continue t o invest in Trius’ Newfoundland land
package, following the major gold discovery in the region by New Found Gold, and are thrilled to do it by
partnering with the renowned St ares family. The Toogood Arm Pro perty is under-explored, yet still has
enough historical work to serve as a strong starting point for advancement.”
Purchase Agreement
Pursuant to the Purchase Agreement, the Vendors will receive th e following consideration for the
Purchased Assets: (i) the issuance by Trius of an a ggregate of 6,000,000 common s hares in the capital of
Trius (each, a “Trius Share”) at a deemed price of $0.20 per Tr ius Share; and (ii) the granting by the
Subsidiary to the Vendors of a 2.0% net smelter returns royalty from any future mineral production at the
Toogood Arm Property, of which 1.0% can be repurchased by the C ompany for $1,000,000. Trius will
also reimburse the Vendors’ non-material staking costs.
Further, the Vendors will be issued up to an additional 500,000 Trius Shares if the Company defines at
least 500,000 ounces of gold equivalent at the Toogood Arm Prop erty in a technical report prepared in
accordance with National Instrument 43-101, and a further 1,000 ,000 Trius Shares if the Company
defines a further 500,000 ounces of gold equivalent in such a t echnical report. All Trius Shares issuable
under the Purchase Agreement are subject to a hold period expir ing four months and one day from the
date(s) on which Trius Shares are issued.
The acquisition of the Purchased Assets will be completed as so on as is practicable based on
governmental claims transfer processing times, and remains subj ect to regulatory approval by the TSX
Venture Exchange.
The Purchased Assets will be a second novel, direct mineral exp loration holding within the Company’s
broader investment portfolio. Trius is acquiring the Purchased Assets as a passive investment, and does
not intend to operate the Toogood Arm Property directly. Howeve r , T r i u s m a y e n g a g e t h i r d p a r t y
technical and exploration consultants to advance its mineral pr operty holdings so as to increase their
monetization potential.
The Company has recently become aware that another public compa ny has acquired the mineral claims
adjacent to and to the west of Trius’ Gander West Property, evi dencing demand for mineral exploration
assets in the region.
Mr. Freudman added, “We think our growing collection of explora tion investments in Newfoundland will
give our portfolio exploration and monetization potential, whic h could ultimately deliver returns for our
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shareholders. We remain on the lookout for other prospective Ne wfoundland assets, especially those
sourced from seasoned geological teams and that we can acquire at reasonable prices.”
Qualified Person and National Instrument 43-101 Disclosures
Dean Fraser, P.Geo. is a qualified person as defined by the Canadian Securities Adm inistrators’ National
Instrument 43-101, and has reviewed and approved the contents a nd technical disclosures in this press
release. Mr. Fraser is a technical advisor to the Company and owns securities of the Company.
About Trius Investments Inc.
Trius is an investment issuer increasing its exposure to the pr ecious metals sector through a variety of
novel investment structures, including acquiring gold explorati on properties in Newfoundland. Trius’
common shares trade on the TSXV under the symbol “TRU”.
Trius is a portfolio company of Resurgent Capital Corp. (“Resur gent”), a merchant bank providing
venture capital markets advisory services and proprietary finan cing. Resurgent works with promising
public and pre-public micro-capitalization Canadian companies.
For further information, please contact:
Joel Freudman
President & CEO
Trius Investments Inc.
Phone: (647) 880-6414
Cautionary Statements Regarding Forward-Looking Information
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.
This press release contains certain forward-looking statements, including those relating to acquiring,
exploring, and monetizing the Toogood Arm Property and the Comp any’s other exploration investments
in Newfoundland, and acquiring ot her mineral exploration invest ments. These statements are based on
numerous assumptions regarding the Purchased Assets that are be lieved 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 n ot necessarily indicative of mineralization
hosted on the Company’s properti es; the exploration or monetiza tion potential of the Purchased Assets
and specifically the Toogood Arm Property; challenges in identi fying, structuring, and executing
additional investments and acqui sitions, on favourable terms or at all; risks inherent in mineral
exploration activities and investments in the mineral explorati on sector; volatility in financial markets,
economic conditions, and precious metals prices; and those othe r risks described in the Company’s
continuous disclosure documents. Actual results may differ mate rially from results contemplated by the
forward-looking statements herein. Investors and others should carefully consider the foregoing factors
and should not place undue relia nce on such forward-looking sta tements. The Company does not
undertake to update any forward-looking statements herein excep t as required by applicable securities
laws.