Burin Gold Corp. announced it signed a letter of intent agreement on June 2, 2023 with Globex Mining Enterprises Inc. to acquire a 100% interest in the Dalhousie Project, comprised of 32 claims located 53 km to the east of Matagami and 4km South of Ramsay Bay at Lac Au Goeland, Quebec. The Dalhousie Project is an ortho-magmatic Ni-Cu-Co prospect located within the mafic-ultramafic package of the Bell River Complex.

It is located on the north central margin of the Abitibi Orogenic Belt in proximity to the Matagami Mining Camp in Quebec, Canada. Limited historical drilling, up until the late 1980's, focused on poorly constrained geophysical anomalies, yet successfully intercepted mineralization near conductive features. A property-wide geophysical (TDEM) survey, completed in 2007, identified multiple conductive features coincident with surface mineralization and these targets remain untested.

Historical chip channel samples collected above the untested EM conductors graded up to 3.79% Cu, 0.90% Ni and 0.28% Co. Fieldwork will commence this summer, including reprocessing of the TDEM data, aiming to better delineate and model existing conductive features. This work should quickly fast-track the project, so that the Company can drill-test the priority conductors later this year, in conjunction with downhole electromagnetic surveying (DHEM) to identify any possible off-hole conductors.

Under the terms of the agreement, Burin shall pay $1,500,000 and issue 4,000,000 common shares in the capital of the Company (" Shares") to Globex and undertake $5,000,000 in exploration over a four-year period to earn 100 % interest in the property. The terms are as follows.