Ophir Gold Corp. announce dthat it has entered into a purchase and sale agreement dated March 6th, 2023 with Troilus Gold Corporation to acquire three (3) mining claims located in James Bay, Quebec. The three (3) claims are contiguous to the Company's Radis Lithium Property.

The terms of the Agreement provide for the Company to acquire a 100% interest in the Claims in consideration for the issuance of 225,000 common shares of the Company to the Vendor. In addition, the Vendor shall retain a 2% Net Smelter Royalty on the Claims, while the Company shall have the option to purchase back three-quarters of the NSR, thereby reducing it to 0.5%, for $1,500,000. The Vendor is arm's length to the Company.