Goldcorp Kaminak Ltd. entered into an agreement to acquire Dan Man Property from Arcus Development Group Inc. (TSXV:ADG) for CAD 0.29 million on October 22, 2019. In consideration of the sale of its 100% interest in the Dan Man property, Arcus will receive the following from Goldcorp Kaminak: (i) the return of 14.4 million Arcus shares originally sold to Newmont Goldcorp in October of 2016 as part of a structured financing; and (ii) a 1% net smelter return royalty interest in any future commercial production from the Dan Man property. Goldcorp Kaminak will have the right to purchase the royalty interest at any time after the closing of the transaction for CAD 1 million. The agreement also contains customary representations, warranties and covenants for a transaction of this nature. The completion of the transaction is subject to: (i) Arcus obtaining an exemption order from the British Columbia Securities Commission exempting Arcus from the issuer bid requirements contained in Part 2 of Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids (the “Exemption Order”) and (ii) the acceptance of the transaction by the TSX-Venture Exchange (the “Exchange”). If Arcus is unable to obtain the Exemption Order and Exchange acceptance by December 30, 2019, Goldcorp Kaminak may terminate the agreement. As of December 3, 2019, Arcus obtained an exemption order from the British Columbia Securities Commission permitting Arcus to proceed with the sale. Goldcorp Kaminak Ltd. completed the acquisition of Dan Man Property from Arcus Development Group Inc. (TSXV:ADG) on December 23, 2019. As part of the sale of the property, Arcus and Newmont Goldcorp agreed to terminate an investor rights agreement, dated October 24, 2016. The termination of the Rights Agreement relieves each of Arcus and Newmont Goldcorp of all future rights and obligations, including but not limited to, participation rights in future Arcus financings.