Searchlight Resources Inc. (TSXV : SCLT) agreed to acquire the remaining 25% stake in Bootleg Lake Gold Property located near Creighton, Saskatchewan, Canada from New Moon Minerals Corp. for CAD 0.24 million on March 22, 2023. As part of consideration, Searchlight will issue 6,000,000 common shares to New Moon.

The transaction is subject to TSX acceptance. On completion of this transaction, Searchlight will hold 100% of the project, subject to a legacy 1.0% underlying NSR held by a third-party on four of the 20 claims. On March 24, 2023, the Company has received approval from the TSX Venture Exchange to issue common shares as consideration for the purchase by Searchlight of the 25% interest plus 1.0% NSR in the Bootleg Lake Gold property from New Moon Minerals Corp.