WEST Vault Closes GOLD and Silver Stream Transaction with Sprott
SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-685-8311 FAX: 604-484-4710 WWW.WESTVAULTMINING.COM
News Release No. 136-2021
March 1, 2021
WEST VAULT CLOSES GOLD AND
SILVER STREAM TRANSACTION WITH SPROTT
VANCOUVER, BRITISH COLUMBIA, March 1 , 2021 – West Vault Mining Inc. (W VM:TSXV,
OTCQX:WVMDF) (“ West Vault” or the “ Company”) announces the closing of a gold and silver
Purchase and Sale Agreement (the “Stream Agreement”) with Sprott Private Resource Streaming
and Royalty Corp. (“ Sprott”) for 1.41% of all refined gold and silver (the “ 1.41% Stream ”) to be
produced for the life of mine from the 100% owned and permitted Hasbrouck Gold Project, located
southwest of Tonopah, Nevada. The Stream Agreement for the 1.41% Stream was first announced
by the Company on February 22, 2021.
Under the terms of the Stream Agreement, Sprott has paid the Company an advance purchase deposit
of US $6.0 million (the “Advance Deposit”). An additional purchase deposit of US $1.0 million (the
“Additional Deposit”) is to be paid to the Company within 10 days of the announcement of a Board-
approved construction decision for the Hasbrouck Gold Project. Sprott may elect to add the Hill of
Gold property to the Stream Agreement by paying a final purchase deposit of US $300,000 within 60
days of paying the Additional Deposit. In addition to the amortization of aggregate purchase deposits
received by the Company, a cash transfer price payable upon delivery of refined gold and silver to
Sprott has been set at 20% of the market value per ounce of metal, as quoted by the London Bullion
Market Association on the date of delivery.
About West Vault Mining Inc.
Located and secure in Nevada, the Hasbrouck Gold Project is permitted for construction and
operations. West Vault is focused on maximizing shareholder value for its 100 % interest in the
Hasbrouck Gold Project. After closing the Stream Agreement today and receipt of the Advance
Deposit, the Company holds cash on hand in excess of US $7.0 million.
On behalf of West Vault Mining Inc.
“R. Michael Jones”
Chief Executive Officer
For further information please see the Company’s website at www.westvaultmining.com or contact us
by email at [email protected].
Investor Relations:
R. Michael Jones
(604) 685 8311 / [email protected]
Disclaimer for Forward-Looking Information
This press release may contain forward-looking information or forward-looking statements (collectively
"forward-looking information") within the meaning of applicable securities laws. Forward -looking
information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”,
“postulate” and similar expressions, or are those, which, by their nature, refer to f uture events.
Forward-looking information in this news release includes, without limitation, the announcement of a
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SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-685-8311 FAX: 604-484-4710 WWW.WESTVAULTMINING.COM
Board-approved construction decision for the Hasbrouck Gold Project. Although West Vault believes
that such information as set out in this press release is reasonable, it can give no assurance that such
expectations and estimates will prove to be correct. The Company cautions investors that any forward-
looking information provided by the Company is not a guarantee of future results or performance, and
that actual results may differ materially from those in forward-looking information as a result of various
factors, including the following: risks related to the novel coronavirus (COVID -19) global health
pandemic, other global epidemics, pandemics or public health crises; the state of the financial markets
for the Company's equity securities; the state of the market for gold or other minerals that may be
produced generally; significant increases in any of the machinery, equipment or suppli es required to
develop and operate a mine; a significant change in the availability or cost of the labor force required
to operate a mine; a significant increases in the cost of transportation for the Company’s products;
variations in the nature, quality a nd quantity of any mineral deposits that may be located; and the
Company's ability to obtain any necessary permits, consents or authorizations required for its activities,
to raise the necessary capital or to be fully able to implement its business strateg ies and other risks
associated with the exploration and development of mineral properties. The reader is referred to the
Company's public filings for a more complete discussion of such risk factors and their potential effects
which may be accessed through the Company's profile on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.