Transatlantic Mining Corp. announced the agreement to the purchase of the lease rights over the Golden Jubilee Mine from the Gunsinger Group Inc. The purchase consideration of USD 2,200,000 is by way of a gold production royalty along with its obligated agreements in Granite County, Montana USA. The Mining Leases, cover approximately 292 acres in area and include the existing Golden Jubilee Mine.

The Company had previously secured the underlying ownership rights to the property from Profile US Inc. on March 22, 2021, subject to the Gunsinger Group's lease rights. This acquisition gives the Company complete ownership over the property including the strategically important Red Lion Mill Site. The mine is approximately 12 miles east of Phillipsburg in Montana, USA.

In 2014 a 10,000t high grade gold parcel was mined by the previous operator. The parcel was toll treated through a third-party gold processing facility. With this in mind, further exploration including additional drilling and underground sampling is considered warranted.

The following summarizes key points to the transaction: Full Payment of USD 2,200,000 for mining and exploration rights funded by the Payment Royalty between USD 100 and USD 250/Oz Au dependent on the realized gold price. An additional set of payments of USD 250,000 made on milestone gold production of 20,000, 30,000 and 40,000 ounces. There are obligations to comply with an underlying Gunsinger Lease agreement and rights to the use of the Red Lion Millsite.

Previous 2014 Bulk high grade gold parcel was taken along the vein along a strike length of over 100 m of lateral development which averaged 10,000 t at a processed grade of 9.00 g/t Au An existing decline and 200m of horizontal development provides access to the mineralized vein across a vertical extent of 50 metres Information derived from an existing 37 drillhole database indicates that the mineralized vein is open along strike and down dip.