QNB Metals Inc. announced that it entered into an arm's length binding letter of intent dated June 17, 2022 with Analog Gold Inc. with respect to a proposed transaction, whereby QNB Metals will acquire a 100% interest in Minagoldchoix SA de CV, Analog's 99.97% owned Mexican subsidiary, which owns the Tres Oros gold property and two other properties. Upon closing of the Proposed Transaction, all of the Corporation's current directors and officers will resign; the board of directors of the Resulting Issuer will consist of five directors, including André St-Michel, who will also be appointed President and CEO, James A. Culver, Peter Voldness, Manuel Garces and Marcel Labonté.