Leopard Lake Gold Corp. announced it has exercised its option to acquire a 100% interest in the Leduc Gold project from Solstice Gold Corp. The Property consists of 9 unpatented mining claims (114 cells) covering an area of approximately 2,290 hectares near Jellicoe, Ontario, Canada, and is located in the Thunder Bay Mining Division.

In connection with the exercise of the Option, the Company made a final cash payment of $35,000 to Solstice. Solstice retained a net smelter returns royalty (the "Royalty") on the Property equal to 1.5% of the net value of all ores, minerals, metals and materials mined and removed from the Property and sold by the Company. The Company also has the option to purchase 33.33% of the Royalty, or 0.5% total, from the Royalty holder for a cash payment of $500,000.