QNB Metals Inc. (CNSX:TIM.X) entered into purchase agreement to acquire a 100% interest in Kingsville's Salt property located in Nova Scotia, Canada. for CAD 0.018 million on October 31, 2023. Pursuant to the Agreement, as consideration for the acquisition of the interest in the Property, the Company will issue to the vendor an aggregate of 9,000,000 common shares of the Company following the acceptance of the CSE of the Agreement. All Shares issued under the Agreement will be subject to a four month and one day statutory hold period and voluntary escrow hold period commencing on the date of issuance, with 100% of the Shares being released from such voluntary restrictions on the date that QNB has secured satisfactory surface rights to the Property in its sole discretion. The Company agreed to issue 900,000 common shares to an arm's length finder in connection with the Acquisition.

The Agreement contains a resolutory condition in favor of the Company in the event it fails to have obtain the Surface Right within 24 months from the closing date.

QNB Metals Inc. (CNSX:TIM.X) completed the acquisition of a 100% interest in Kingsville's Salt property located in Nova Scotia, Canada on November 16, 2023.