Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho

About this update from Headwater Gold, Inc.

[{"type":"image","alt":"Headwater Gold Inc.","displaySize":"","headline":null,"caption":"Headwater Gold Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":157,"url":"https://media.zenfs.com/en/globenewswire.com/464a61f420aef6af2f58e3a9d03139d0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3mNCqg_BdFWgLxAmgcsyMg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/464a61f420aef6af2f58e3a9d03139d0","width":300,"height":157}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Headwater Gold Inc. (CSE: HWG, OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announce that it has entered into a definitive earn-in agreement (the “Agreement”) with a subsidiary of Centerra Gold Inc. (“Centerra”) (TSX: CG) for Centerra to earn up to a 70% interest in Headwater’s Crane Creek project in Idaho (the “Project”) through staged exploration expenditures totalling up to US$25,000,000 and the completion of a preliminary economic assessment (“PEA”) report.","length":562,"tagName":"p"},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Headwater has entered into a definitive earn-in agreement with Centerra for a subsidiary of Centerra to earn up to a 70% interest in Headwater’s Crane Creek project in Idaho;","length":174,"tagName":"p"}]},{"val":[{"type":"text","content":"Up to US$25,000,000 in staged earn-in expenditures: Centerra may elect to earn up to a 60% interest in the Project by funding exploration expenditures of US$25,000,000 and granting Headwater a royalty on the Project;","length":216,"tagName":"p"}]},{"val":[{"type":"text","content":"US$2,500,000 expenditure commitment: Centerra to fund a minimum commitment of US$2,500,000 in exploration expenditures during the first three years of the Agreement;","length":165,"tagName":"p"}]},{"val":[{"type":"text","content":"Carried interest to completion of a PEA: Centerra may earn an additional 10% interest (up to 70%) in the Project by completing a preliminary economic assessment report on the Project; and","length":187,"tagName":"p"}]},{"val":[{"type":"text","content":"The Project is fully permitted for drilling under a Notice of Intent with the Bureau of Land Management (“BLM”) and a ...

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