Au Gold Corp. (TSXV:AUGC) acquired the remaining 40% stake in a Ponderosa Gold Project in British Columbia from Almadex Minerals Ltd. (TSXV:DEX) for CAD 0.05 million on February 3, 2023. As per the terms of the transaction, AUGC shall issue to Almadex a total of 750,000 common shares upon closing and issue 500,000 common shares in the capital of AUGC (the Contingent Shares?) conditional upon the defining of a Mineral Resource on the Ponderosa Gold Project of at least 250,000 ounces of gold. Completion of the Acquisition will bring AUGC to 100% ownership of the Ponderosa Gold Project. The Agreement is subject to the approval of the TSX Venture Exchange.

Au Gold Corp. (TSXV:AUGC) completed the acquisition of the remaining 40% stake in a Ponderosa Gold Project in British Columbia from Almadex Minerals Ltd. (TSXV:DEX) on February 3, 2023.