Stallion Gold Corp. (TSXV:STUD) entered into a share purchase agreement to acquire U92 Exploration Limited for CAD 0.83 million on January 5, 2022. In consideration for the Transaction and pursuant to the terms of the Definitive Agreement, and on closing thereof ("Closing"), the Company will pay the shareholders of U92 the sum of CAD 300,000 and the Company will issue an aggregate of 3,000,000 common shares in the capital of the Company at a deemed price of CAD 0.10 per share (the “Consideration Shares”) pro rata to the holders of the U92 common shares.

The Consideration Shares will be subject to a restriction of resale for four months and one day from the date of Closing. Closing of the Transaction remains subject to certain closing conditions, including, obtaining all necessary approvals, including, approval of the TSX-V. Closing of the Transaction will take place following TSX-V Approval. There can be no assurance that the Transaction will be completed as proposed or at all.

The Company will be commencing a work program on the claims during Q1-23 and the company will change its name to Stallion Discoveries Corp., pending TSX Venture Exchange approval.