TRU Precious Metals Completes Granting of Golden Rose Option to Eldorado Gold
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TRU Precious Metals Completes Granting of Golden Rose Option
to Eldorado Gold
Toronto, Ontario – August 22, 2024 – TRU Precious Metals Corp. (TSXV:TRU , OTCQB:TRUIF, FSE:706)
(“TRU” or the “ Company”) is pleased to announce that, further to its news release dated July 30, 2024 , it has
now received an outstanding drill permit and accordingly has satisfied all pre-conditions to the definitive earn-in
agreement (the “Option Agreement”) transaction with Eldorado Gold Corporation (TSX: ELD, NYSE: EGO)
(“Eldorado”). Pursuant to the Option Agreement, Eldorado has been granted the exclusive option (the “Option”)
to earn an 80% ownership interest in TRU’s Golden Rose Project (“Golden Rose”), strategically located along
the gold deposit-bearing Cape Ray – Valentine Lake Shear Zone in Central Newfoundland.
TRU CEO Steve Nicol commented: “We are delighted to welcome Eldorado, a gold producer with global
operations, as a strategic partner to TRU. The TRU team is eager to drive exploration efforts forward and we look
forward to a successful collaboration with Eldorado to unlock the potential of the project.”
Additional terms of the Option Agreement can be found in the Company’s news release dated July 30, 2024. A
copy of the Option Agreement will be filed under TRU’s SEDAR+ profile at www.sedarplus.ca. The description
of the Option Agreement contained herein is qualified by the complete text of the Option Agreement.
About Eldorado Gold Corp.
Eldorado is a gold and base metals producer with mining, development and exploration operations in Türkiye,
Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations,
a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares
trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
About TRU Precious Metals Corp.
TRU (TSXV:TRU, OTCQB:TRUIF, FSE:706 ) is on a mission to build long -term shareholder value through
prudent natural resource property development and transactions. TRU is exploring for gold and copper in the
highly prospective Central Newfoundland Gold Belt on its 100% -owned Golden Rose Project , a regional-scale
264.25 km2 land package including 45 km of strike length along the deposit-bearing Cape Ray - Valentine Lake
Shear Zone, directly between Calibre Mining’s Valentine Gold Project and AuMEGA Metals ’ Cape Ray Gold
Project. In addition, TRU has an option to acquire up to an aggregate 65% ownership interest in two claim
packages covering 33.25 km 2, including a 12 km strike length along the Shear Zone within Golden Rose . The
Golden Rose Project is currently optioned-out to TSX-listed Eldorado Gold Corporation.
TRU is approximately 36%-owned by European strategic investor Ormonde Mining plc (AQSE:ORM).
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For further information about TRU, please contact:
Olga Nikitovic
President & CFO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: [email protected]
To connect with TRU via social media, below are links:
X (formerly Twitter): https://twitter.com/TRUMetals
YouTube: https://www.youtube.com/@TruMetalsCorp
LinkedIn: https://www.linkedin.com/company/tru-precious-metals-corp/
Instagram: https://www.instagram.com/TRUMetals/
Facebook: https://www.facebook.com/TRUMetals/
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support through the Junior
Exploration Assistance Program and the Federal Government for its critical mineral assistance funding for the
exploration activities at Golden Rose.
Forward-Looking Statements and Disclaimers
This press release contains certain forward -looking statements, including those relating to performance of the
Option Agreement, the Company’s relationship with Eldorado, and exploration plans for the Golden Rose Project.
These statements are based on numerous assumptions regarding the Option Agreement , the Project, and the
Company’s operations at Golden Rose that are believed by management to be reasonable in the circumstances,
and are subject to a number of risks and uncertainties, including without limitation: the Option may never be
exercised by Eldorado as proposed or at all; the exploration potential of the Golden Rose Project; risks inherent
in mineral exploration activities; and those other risks described in 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
herein except as required by applicable securities laws.
This press release is solely the responsibility of TRU, and Eldorado is not in any way responsible or liable for the
contents hereof.
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.