Superior Mining International Corp. announced that it has amended its previously announced agreement for the acquisition of the Monexco Group Property. Pursuant to the amended agreement, the Company has the right to acquire a 100% interest in the Property in consideration for the payment of $120,000 in cash (payable as to $60,000 on receipt of the acceptance of the TSX Venture Exchange for the acquisition, and $60,000 six months later), and the issuance of an aggregate of 5,100,000 common shares and 2,550,000 share purchase warrants to the three vendors of the Property.

Each warrant is exercisable into one additional common share for a period of one year at an exercise price of $1.00 per share. The Vendors retain a 3% Net Smelter Royalty, which may be reduced at any time from 3% to 2% subject to certain payments. The acquisition remains subject to the prior approval of the TSX Venture Exchange.

Additional information on the Monexco Group Property can be found in the Company's news release dated November 30, 2021. Highlights: Superior Mining International Corp. will obtain 100% of Monexco Group Property, north of Chibougamau, Québec; The property includes known high-grade gold surface occurrences distributed over about 400 metres of strike length; Property straddling a newly defined regional structure with proven fertility for gold; Close to infrastructures and all year long accessibility.

The Monexco gold trend has several historical gold grades from chip and channel samples in the 10 g/t to up to 126.8 g/t range from various stripped areas distributed over 400 metres of strike length. The whole land package is centered on the Faribeault Fault Zone and associated cross cutting structures identified for its gold potential by the province of Québec MERN (Ministère Énergie et Ressources Natuelles).