Targa Exploration Corp. (CNSX:TEX) entered into an agreement to acquire Musquaro Lake Lithium Project from Wildwood Exploration Inc., Shawn Ryan, Isaac Fage, Callum Ryan, Simon Cash and Adam Fage for CAD 2.15 million on April 17, 2023. In consideration for the Musquaro Lake Project, Targa will: (a) pay to Wildwood cash consideration of CAD 150,000, payable as to 50% on the closing date and 50% following completion of a Qualifying Financing; (b) issue to the Sellers an aggregate of 2,500,000 Common Shares; and (c) grant to Shawn Ryan a 1% net smelter return royalty on the Musquaro Lake Project. The Transaction is subject to regulatory approval. All Common Shares issued to the Sellers will be subject to a four month hold period which will expire on the date that is four months and one day from the closing of the Transaction (the "Closing"). In addition, the Sellers have agreed to a voluntary escrow arrangement whereby one-third of the Common Shares will be released from escrow every four months after Closing, with the first such release date to occur on the date that is four months from Closing.

Targa Exploration Corp. (CNSX:TEX) completed the acquisition of Musquaro Lake Lithium Project from Wildwood Exploration Inc., Shawn Ryan, Isaac Fage, Callum Ryan, Simon Cash and Adam Fage on May 11, 2023.