Gitennes Exploration Inc. (TSXV:GIT) agreed to acquire 8 Claims in Sept Iles nickel property on October 16, 2023. As consideration for acquiring a 100% interest in the eight, the Company will issue as consideration to the Seller: (i) 1,500,000 units. Each Unit is comprised of one common share in the capital of Gitennes and one non-transferable share purchase warrant. Each Warrant entitles the Seller to acquire one additional common share in the capital of Gitennes at an exercise price of CAD 0.15 for a period of sixty (60) months; and (ii) Gitennes has granted to the Seller an aggregate 2% net smelter return royalty on the eight claims with Gitennes being granted a buyback of 1% of the NSR at any time for CAD 1 million. The acquisition of the eight claims is subject to TSX Venture approval in accordance with the applicable TSXV policies.

Gitennes Exploration Inc. (TSXV:GIT) completed the acquisition of 8 Claims in Sept Iles nickel property on October 17, 2023.