RETRANSMISSION

Sienna Resources Acquires the Kuusamo PGE-Ni-Cu-Co Project in Finland - Seite 2

Ni-Cu-Co-PGE-enriched magmatic sulfide mineralization occurs near the base of the KLIC and has been mapped and drilled throughout the area. The Kuusamo Project covers substantial parts of the base of the KLIC and records show that at least five target areas have been drilled historically within the Kuusamo Project over the past 50 years, with most activity taking place in 1973, followed by drilling in 1997 and again from 2000-2005. However, almost all of the historic drilling was shallow, with most holes having reached depths of only 50-75 meters. Multiple phases of airborne and ground geophysical surveys have also been run across portions of the Project, with the data having been compiled by and acquired from the Geological Survey of Finland (GTK).             

            Figure 2
             
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EMX and Sienna will leverage this historic information and apply modern and updated geologic models to continue exploring the historic targets at deeper levels and to generate new targets on the Project.

Summary of Commercial Terms. Sienna can earn a 100% interest in the Kuusamo Project in Finland (the “Project”), subject to a 3% NSR royalty to EMX by:

• Issuing an additional 500,000 shares of SIE to EMX upon execution of the amendment  agreement which is also subject to TSX Venture Exchange approval,
• Spending a minimum of C$250,000 on exploration and Project advancement over the next two years,
• Reimbursing EMX for its acquisition costs and expenses related to the Kuusamo project, and
• To exercise the option to acquire a 100% interest in the Project, Sienna will issue to EMX an additional 1,500,000 shares of SIE at the end of the two year option period which is also subject to TSX Venture Exchange approval.

If Sienna satisfies the conditions of the option agreement and elects to acquire the Project, EMX will receive annual advance royalty (“AAR”) payments of US$25,000 commencing on the first anniversary of the option exercise date, with each AAR payment increasing by US$5,000 per year until reaching a cap of US$75,000 per year.