Manning Ventures Inc. (CNSX:MANN) agreed to acquire Potier Claims from Wildwood Exploration Inc. for CAD 0.55 million on June 15, 2023.As consideration Company has agreed to: (i) pay CAD 350,000 in cash; and (ii) issue an aggregate of five million common shares in the capital of the Company. The consideration shares will be subject to escrow conditions, pursuant to which: (i) one-third of the consideration shares will be released from escrow four months and one day after the date on which the company acquires the Potier claims; (ii) one-third of the consideration shares will be released eight months after the closing date; and (iii) one-third of the consideration shares will be released 12 months after the closing date. On August 28, 2023, Manning Ventures Inc. is pleased to announce that it has entered into into assignment and assumption agreements pursuant to which the company agreed to pay as consideration for the Potier Claims, the Company has agreed to: (i) pay a cash fee of CAD 350,000 to Wildwood; and (ii) issue to Ryan and Fage, an aggregate of 8,000,000 common shares in the capital of the Company.

The Potier Consideration Shares will be subject to voluntary escrow conditions pursuant to which: (i) 1/3 of the Potier Consideration Shares will be released from escrow on the date that is four (4) months and a day after the date on which the Company acquires the Potier Claims (ii) 1/3 of the Potier Consideration Shares will be released from escrow on the date that is eight (8) months after the Potier Closing Date; and (iii) 1/3 of the Potier Consideration Shares will be released from escrow on the date that is twelve (12) months after the Potier Closing Date. Additionally, the Company will grant to Ryan, a one percent (1.0%) net smelter return royalty on the Potier Claims.