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June 22, 2023 – TheNewswire - Bathurst Metals Corp. ( TSXV:BMV ) (OTC:BMVVF) (“Bathurst,” t h e “ C omp a n y ” ) is p l e a s e d to a nn o un ce t h e s igni n g of an e x p lor a ti o n agre e m e n t (t h e “ E x p l or ation Ag r ee m e n t ” ) w ith t h e Bridge Ri ve r I nd ian Ba n d ( “ X w í st en ”) r e gar d i n g t h e Peerless Pr op e rty (t h e “ P rop e r t y ” ). T h e r o ad acc e ss i b le Pr op e rty i s loc a ted 9 kil o me tres ( “ k m ” ) north of t h e v illage of Gold Brid g e , a n d 17.5 km n orth of t h e h i s t o ric Bral o r n e - Pi one e r G old Mi n i n g C a m p w it h in the X w í s ten’s tr ad itio n al territ o ry in s o u t h we s tern Briti s h Col u m b ia, Ca n a d a.
T h e E x p lor a ti o n Ag r e e me n t a dd r e ss e s t h e p artie s ’ d e s ire f o r a m u t u al l y b e n ef i cial arra n g e me n t in r e sp e ct of c u r r e n t a n d p r op o s e d e x p lor a ti o n ac t i v ities w it h in t h e X w í s ten tra d iti on al t e rrit o ry that p r ov i d e s p r o tection of tr ad iti on al ac t i v ities a n d s en s iti v e s ite s, and this i n clu des arc h aeol o gi c al su r ve ys , e nv iro n me n t a l p r o tecti o n me a s u r e s , a n d the opportunity f or the Xwísten com m un i t y to p artici p a t e in an y b u s i n e s s an d e m p lo y me n t o pp ort un ities th at th e Property g e n e rate s .
T h e E x p lor a ti o n Ag r e e me n t c o v e rs all e x p lor a ti o n ac t i v iti e s t h r ou gh to the compl e ti o n of a F e a s i b ility St ud y w h i c h dem o ns tr a t e s the economic v ia b ilit y of the project . T h e p arties f u rt h e r agree t h at e v e n t u ally t h e E x p lor a ti o n Agr eeme n t w i l l b e r e p laced b y an i m p ac t s a n d b e n ef i t s a gr e e me n t to co v e r a n y a n tici p a t e d com m e rcial m i n i n g o p e rati on . T h e E x p lor a ti o n Agr e e me n t r e cog n izes t h at Bathurst w ill r e t a in t h e rig h ts to acc o mm o d a t e a n d w ork w ith a n y ot h e r I nd ig e n o u s com m un i t i e s t h at may h a v e tr ad iti on al territ o ry wit h in t h e Pr op e rty a r e a.
The Company will submit a drilling permit application for the drill testing of the Peerless Showing planned for later this year.
Harold Forzley, CEO stated. “ We a r e v e r y p le a s e d to ha ve f in a liz e d t h is ag r eemen t w ith X w í s t en , w h i c h ac k no w le dge s an d r e s pec ts t he ir I nd ig enou s T itle an d Rig h ts, an d p r o vid e s f o r a mu t ua lly resp ec tful d ial ogu e with X w í s t e n t h r oug h ou r c on ti nu ing e x p l o r a ti o n p r og r a m. ”
As comp e ns a t ion f or i m p ac t s of t h e Co m p a ny ’s e x p lor a ti o n ac t i v iti e s on the X w í s te n ’s tr ad iti o n al territ o ry t h e Co m p a ny , a m o n g ot h e r t h i n g s , h as agre e d to i ssu e X w í s ten 100,0 00 co m m on sh ar e s of t h e C o m p a n y ( “ Bathurst S h a r e s ” ) up on t h e acc e p t an ce of t h e E x p lor a ti o n Agr ee m e n t b y t h e T SX V e n t u re E xc h a n ge (t h e “ E xc h a n g e ” ). T h e Bathurst S h ar e s w ill b e sub je c t to a h old p e riod as p e r E xc h a n g e policy .
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ON BEHALF OF THE BOARD OF
DIRECTORS
Bathurst Metals Corp.
For more information contact Harold Forzley
info@bathurstmetalscorp.com
Neither 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. T hi s n ews re l e a se m a y c ontai n fo rw a rd loo k in g s tat eme nt s ba s ed o n a ss u m p t ion s an d j udg me n t s o f m anag eme n t re ga r din g f u tu re eve nt s o r res u lt s tha t m a y p r o ve t o b e i na cc u r at e a s a res u l t o f fa c to rs b ey o n d it s c o n t r ol , a n d a c tu a l res u lt s m a y d i ff er m at er i all y f r o m t h e ex p ec t ed res ult s.
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