Manning Ventures Inc. announced that it has entered into an Option Agreement with Claremont Mines Nevada, LLC (the Optionor) who is the legal and beneficial owner of 66 unpatented lode mineral claims located in the State of Nevada (the "Copper Hill Project") whereby the Optionor has granted the Company the right to acquire a 100% interest in the Copper Hill Project, located within the Walker Lane Trend, Nevada, USA. Copper Hill hosts copper-gold-molybdenum mineralization in both porphyry and skarn styled deposits in Mineral County, Nevada. The property consists of 66 mineral claims covering an area of 2.3 miles.

The property is located 22 miles north of Hawthorne, Nevada and is accessible using well-maintained County Roads. The Project is centered on a Jurassic Age quartz monzonite porphyry intruding Triassic age Luning Limestone. The claims cover 2.3 sq miles and are 33 miles east of the Yerington Copper District which hosts the Yerington Copper Mine (Anaconda 1952-1978), Ann Mason Deposit, Bear Deposit, MacArthur Deposit, and the Pumpkin Hollow Mine.

Pursuant to the terms and conditions of the Option Agreement dated February 27, 2024, and in order to acquire a 100% interest in and to the Copper hill Project, the Company must pay the Optionor an aggregate of USD 1,500,000 in cash on or before the thirteenth anniversary following the execution of the Option Agreement. During the Option Term, the Company shall pay the Optionor annual minimum payments, which shall each constitute partial payment of Exercise Price, on or before the following dates: I) USD 15,000 on the Effective Date of the Option Agreement; ii) USD 25,000 on or before the first anniversary of the Effective Date; iii) USD 50,000 on or before the second anniversary of the Effective Date; iv) USD 60,000 on or before the third anniversary of the Effective Date; v) USD 80,000 on or before the fourth anniversary of the Effective Date; vi) USD 100,000 on or before the fifth anniversary of the Effective Date; and vii) after the fifth anniversary of the Effective Date, USD 100,000 on or before each subsequent anniversary of the Effective Date.