Cullinan Metals Corp. entered into letter of agreement to acquire Goldplay’s Borba 2 projects located in Portugal from Goldplay Mining Inc. for CAD 3.75 Million.

Cullinan Metals Corp. (CNSX:CMT) entered into letter of agreement to acquire Goldplay's Borba 2 projects located in Portugal from Goldplay Mining Inc. (TSXV:AUC) for CAD 3.75 Million on June 13, 2022. Goldplay will retain a royalty interest of one percent (1%) net smelter returns (“NSR”) from minerals mined and removed by Commercial Production from any mine located on the Property.

One-half percent (0.5%) of the royalty interest can be purchased at any time for CAD 500,000. Transaction is suject to regulatory approval.