Record Resources Inc. reported that it has acquired more uranium properties northeast of Thunder Bay, Ontario. Record Resources has entered into option agreements with two private exploration companies to explore for uranium on an additional 200 claims. The claims are contiguous or in close proximity to the company's 16,320 hectare (780-claim) Malborne block. In an agreement with Optionor One, Record Resources acquired an option on the Church North property located to the southwest of the main Malborne block.

The Church North property consists of 100 claims. Optionor One consists of prospecting groups 2758145 Ontario Inc. and Robin Dunbar. In an agreement with Optionor Two, Record Resources acquired an option on the Ferguson Lake property consisting of 75 claims which are located on the north side of the Malborne claim block. Optionor Two are prospecting groups 2758145 Ontario Ltd, Peter Gehrels, and Allan Onchulenko.

Also, in the same agreement with Optionor Two, the company acquired an option on the Church Northwest property (14 claims) and the "U" property (11 claims) both situated on the southwest side of the Malborne claim block. Terms of Agreement: The terms of the agreement for the Church North property (Optionor One) are the same as they are for the Ferguson Lake properties (Optionor Two). Record Resources can own 100 percent of each package of claims by paying to each Optionor separately $20,000 at closing on or before June 30, 2024 and by issuing a total of 300,000 common shares of the company.

On the first anniversary of the closing and additional cash payment of $30,000 is due and on the second anniversary of closing a final cash payment of $50,000 is due. The Optionors will retain a 1.5% Royalty. Record Resources or its assigns shall have the right at any time to purchase from Optionors zero-point five percent (0.5%) Net Smelter Returns Production Royalty by way of a payment to the Optionor of the sum of $500,000.00.

An additional zero-point five (0.5%) Net Smelter Returns Production Royalty can be purchased by Record Resources for $1 million. The final zero-point percent (0.5%) Net Smelter Returns Production Royalty can be purchased by Record Resources for $1.5 million. The shares to be issued as part of this agreement are valued at $0.05 per share.

No finders fee was paid. This arms length agreement was signed on May 2, 2024. This transaction is expected to close on or before June 30, 2024.