Opus One Resources Enters Into an Agreement to Acquire the Noyell Property Along the Casa Berardi Break From Magna Terra Minerals

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[{"type":"text","content":" MONTREAL, April 12, 2019 (GLOBE NEWSWIRE) -- OPUS ONE Resources Inc. (OOR – TSXV) and MAGNA TERRA Minerals Inc. (MTT-TSXV) are pleased to announce that they have entered into an Option Agreement (the “Agreement”) regarding Magna Terra’s Noyell Property located along the Douay-Cameron deformation corridor (south of the Casa Berardi Break) near the currently producing Vezza gold mine. The Noyell Property (the “Property”), which covers an area of 2,536 hectares, is currently 100% owned by Magna Terra (the “Optionor”).  Under the terms of the Agreement; Opus One (the “Optionee”) can acquire a 100% interest in the Property by paying Magna Terra a total amount of $500,000 (in cash, or in shares of the Optionee, or a combination of both at its sole discretion, subject to the issuance of a maximum of 7 million common shares of the Optionee) over a five (5) year period as follows: on or before the date that is ten (10) days after the receipt of the required regulatory approvals (the “Effective Date”), the Optionee will pay to the Optionor an amount of $50,000; on or before the first anniversary of the Effective Date, the Optionee will pay to the Optionor an additional amount of $50,000; on or before the second anniversary of the Effective Date, the Optionee will pay to the Optionor an additional amount of $50,000; on or before the third anniversary of the Effective Date, the Optionee will pay to the Optionor an additional amount of $50,000; on or before the fourth anniversary of the Effective Date, the Optionee will pay to the Optionor an additional amount of $100,000; and on or before the fifth anniversary of the Effective Date, the Optionee will pay to the Optionor a final amount of $200,000. The Agreement remains subject to the approval of the TSX Venture Exchange. The Noyell Property is found within the Douay-Cameron deformation corridor (just south of the interpreted Casa Berardi Break) which hosts the Douay deposit, 35 km to the west of the property, and the currently producing Vezza Mine (past production approximately 800,000 tons @ 4,5 gpt Au), located some 8 km to the west of Noyell, according to Valere Larouche, Vezza Mine geologist. Numerous gold occurrences have been discovered by drilling on the Property in the past twenty years, first by Cominco Ltd., then by SOQUEM, and then Normabec Mining Resources. Gold is found i...

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