ARIS MINING ANNOUNCES SALE OF JUBY GOLD PROJECT TO MCFARLANE LAKE MINING

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[{"type":"text","content":"\n\n\n\n ARIS MINING ANNOUNCES SALE OF JUBY GOLD PROJECT TO MCFARLANE LAKE MINING\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n and\n \n TORONTO\n \n\n ,\n \n\n July 7, 2025\n \n\n /CNW/ - Aris Mining Corporation (Aris Mining) (TSX: ARIS) (NYSE-A: ARMN) and McFarlane Lake Mining Limited (McFarlane) (CSE: MLM) (OTC: MLMLF) are pleased to announce the signing of a definitive asset purchase agreement (the Agreement) for the sale of Aris Mining's Juby Gold Project and related interests in\n \n Ontario, Canada\n \n . The total consideration is valued at\n \n US$22 million\n \n , payable as outlined below.\n \n\n\n\n\n\n\n\n\n The Juby Gold Project is an exploration-stage gold project located in the Shining Tree area of\n \n Ontario's\n \n Abitibi greenstone belt. The transaction includes Aris Mining's 100% interest in the Juby Gold Project and its 25% joint venture interest in the adjacent Knight property.\n \n\n\n Neil Woodyer\n \n , CEO of Aris Mining, commented \"The sale of Juby reflects our strategic focus on building a leading gold mining company in\n \n Latin America\n \n . Juby is a promising exploration property but is non-core to our operations in\n \n Colombia\n \n and\n \n Guyana\n \n . We are pleased to see it move into the hands of a dedicated and experienced management team that is well positioned to unlock its potential.\"\n \n\n\n Mark Trevisiol\n \n , CEO and Chairman of McFarlane, added \"Our team is very excited to be working with Aris Mining on the acquisition of the Juby Gold asset. The addition of this project to McFarlane's portfolio will be accretive to our business and ultimately shareholder value. This acquisition transforms our junior gold exploration company into a gold exploration and development company. The team at Aris has been excellent to work with and we look forward to having them as a significant shareholder of McFarlane.\"\n \n\n Under the terms of the Agreement, Aris Mining will receive total consideration of\n \n US$22 million\n \n , comprised of:\n \n\n\n\n US$10 million\n...

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