Umdoni Exploration Inc. Announces Letter Agreement to Acquire Mineral Properties in Idaho, USA
Umdoni Exploration Inc.
401 - 750 West Pender Street
Vancouver, BC, V6C 2T7
UMDONI EXPLORATION INC. ANNOUNCES LETTER AGREEMENT TO ACQUIRE
MINERAL PROPERTIES IN IDAHO, USA
Vancouver, British Columbia, January 18, 2024 – Umd oni Exploration Inc. (CSE: UDI) (the
“Company” or “Umdoni”) entered into a binding letter agreement (‘Letter Ag reement”) to acquire all
shares of 1273180 B.C. Ltd. from the shareholders o f 1273180 B.C. Ltd. in exchange for 7,000,000
common shares of the Company and a cash payment of $230,000 to be paid within 180 days of the closing
of the transaction. Upon closing of the transactio n, 1273180 B.C. Ltd. will become a wholly owned
subsidiary of the Company. The closing of the trans action is subject to the completion of satisfactory
confirmatory due diligence by the Company as it relates to the reps and warranties contained in the Letter
Agreement, entering into certain definitive transac tion agreements and acceptance by the Canadian
Securities Exchange.
1273180 B.C. Ltd. through its wholly owned limited liability company organized under the laws of
Montana, owns mineral exploration properties in Ida ho State known as the Heath, Selway and Great
Western Properties (the “Property or Properties”). The Properties consist of 90 (Heath), 57 (Selway) and
38 (Great Western) lode mining claims respectively and cover a cumulative area of approximately 3822.1
acres. The Company plans to explore the properties for precious and base metals.
On behalf of the Board of Directors,
UMDONI EXPLORATION INC.
“Jesse Hahn”
Director and CEO
For more information, please contact the Company: 604-428-7050
About Umdoni Exploration Inc.
The company is in the business of mineral exploration. The company is focused on the exploration
of its 100-per-cent-owned Chlore property, located near Smithers, B.C. The property hosts a calc-
alkalic porphyry copper-molybdenum target. In 2021, the company's work plan was focused on
obtaining an understanding of the alteration and mineralization on the property. The work program
included helicopter-borne magnetic and radiometric surveys over the whole property area. The
2023 phase of exploration on the property comprises geological mapping and soil and rock-chip
sampling.
Forward Looking Statements
When used in this news release, the words "estimate ", "project", "belief", "anticipate", "intend",
"expect", "plan", "predict", "may" or "should" and the negative of these words or such variations
thereon or comparable terminology are intended to i dentify forward-looking statements and
information. Although the Company believes, in light of the experience of their respective officers
and directors, current conditions and expected futu re developments and other factors that have
been considered appropriate, that the expectations reflected in the forward-looking statements and
information in this news release are reasonable, un due reliance should not be placed on them
because the parties can give no assurance that such statements will prove to be correct. The
forward-looking statements and information in this news release include, amongst others, the
Company's ability to complete the transaction on th e terms described in the news release. There
are risks and uncertainties that may cause actual r esults to differ materially from those
contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, p erformance or achievements, or other future
events, to be materially different from any future results, performance or achievements or implied
by such forward-looking statements. There are a number of important factors that could cause the
Company's actual results to differ materially from those indicated or implied by forward-looking
statements and information. Such factors include, among others: Company’s ability to raise capital,
limited business history of the parties; risks related to mineral titles; disruptions or changes in the
credit or security markets; results of operation activities and development of projects; project cost
overruns or unanticipated costs and expenses; and g eneral development, market and industry
conditions.
The Company undertakes no obligation to comment on analyses, expectations or statements made
by third parties in respect of its securities or it s financial or operating results (as applicable). T he
Company cautions that the foregoing list of materia l factors is not exhaustive. When relying on
the Company's forward-looking statements and inform ation to make decisions, investors and
others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not
cause such forward-looking statements and information to differ materially from actual results or
events. However, the list of these factors is not e xhaustive and is subject to change and there can
be no assurance that such assumptions will reflect the actual outcome of such items or factors.
The forward-looking information contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, are subject to change after such date.
The Company does not undertake to update this infor mation at any particular time except as
required in accordance with applicable laws.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of
this news release.