Pelangio Exploration Inc. (TSXV:PX) signed a definitive agreement to acquire the Kenogaming Polymetallic Project from DSB Capital Corp. for approximately CAD 0.03 million.

Pelangio Exploration Inc. (TSXV:PX) signed a definitive agreement to acquire the Kenogaming Polymetallic Project from DSB Capital Corp. for approximately CAD 0.03 million on April 11, 2022. Pelangio has agreed to purchase a 100% interest in the Kenogaming Project by granting DSB Capital Corp.

("DSB") a 1% net smelter return royalty and issuing to DSB 350,000 common shares in the capital of Pelangio. The Kenogaming Project is subject to an underlying 3% net smelter return royalty. Pelangio will have the right to buy-out 1% of the 3% NSR for CAD 1,000,000.

A wholly-owned subsidiary of Pelangio holds 70% of the underlying royalty. In addition, the Company announces that Tony Makuch, has joined the advisory committee of Pelangio.