TRU Precious Metals Completes Purchase of Claims Contiguous with Golden Rose Project
TRU PRECIOUS METALS COMPLETES PURCHASE OF CLAIMS
CONTIGUOUS WITH GOLDEN ROSE PROJECT
Fredericton, New Brunswick – December 16, 2021 – TRU Precious Metals Corp. (TSXV:TRU;
OTCQB:TRUIF; FSE:706) (“TRU” or the “Company” ) is pleased to announce that, further to its press
release dated November 15, 2021, it has completed the acquisition of 100% ownership of a mineral license
covering 200 hectares (the “Purchased Assets”) contiguous with the Company’s flagship Golden Rose
Project (“Golden Rose”) (Figure 1).
As previously disclosed, the vendor of the Purchased Assets received $25,000 in cash and 135,000 common
shares in the capital of TRU at a deemed price of $0. 16 per common share as consideration. All such
common shares of TRU are subject to a hold period expiring four months and one day from December 15,
2021. TRU has also granted the vendor a 2.0% net smelter returns royalty from any future mineral
production on the Purchased Assets, of which 1.0% can be repurchased by TRU for $1,000,000.
As announced on November 18, 2021, TRU identified a large horseshoe-shaped IP chargeability anomaly
in the King George IV area of Golden Rose, and carried out targeted diamond drilling in the area to test this
and other IP geophysical targets. The horseshoe-shaped IP anomaly is located immediately on the eastern
claim boundary of the Purchased Assets and thus increase s the potential prospectivity of the Purchased
Assets.
Figure 1: Purchased Mineral License & Recently-Staked Licenses
The acquisition of the Purchased Assets remains subject to regulatory approval by the TSX Venture
Exchange.
Qualified Person
Barry Greene, P.Geo. (NL) is a qualified person as defined by National Instrument 43-101 and has reviewed
and approved the contents and technical disclosures in this press release. Mr. Greene is a director and officer
of the Company and owns securities of the Company.
About TRU Precious Metals Corp.
TRU is drilling for gold in the highly prospective Central Newfoundland Gold Belt, and has an option with
a subsidiary of TSX -listed Altius Minerals Corporation to purchase 100% of the Golden Rose Project,
located along the deposit -bearing Cape Ray – Valentine Lake Shear Zone. TRU also owns 100% of the
Twilite Gold Project, located along the same Shear Zone, and earlier-stage properties in the region. TRU’s
common shares trade on the TSX Venture Exchange under the symbol “TRU”, on the OTCQB Venture
Market under the symbol “TRUIF”, and on the Frankfurt exchange under the symbol “706”.
TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture
capital markets advisory services and proprietary financing. Resurgent works with promising public and
pre-public micro-capitalization companies listing on Canadian stock exchanges. For more information on
Resurgent and its portfolio companies, please visit Resurgent’s website at https://www.resurgentcapital.ca/
For further information about TRU, please contact:
Joel Freudman
Co-Founder, President & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: [email protected]
Website: www.trupreciousmetals.com
To connect with TRU via social media, below are links:
https://twitter.com/corp_tru
https://www.linkedin.com/company/tru-precious-metals-corp
YouTube
https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/
https://www.facebook.com/TRU-Precious-Metals-Corp-100919195193616
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 the prospectivity
of the Purchased Assets, and to regulatory approval. These statements are based on numerous assumptions
regarding the Purchased Assets and the execution and success of exploration plans 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 Purchased Assets or at the Golden Rose Project; the exploration
potential of the Purchased Assets and the nature and style of mineralization at same; risks inherent in
mineral exploration activities; volatility in financial markets, economic conditions, and precious metals
prices; 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.