Gold’n Futures signs definitive option agreement to acquire up to 90 % of Hercules Gold Project - Seite 3

Terms of Option Agreement

Pursuant to the Option Agreement, Argonaut has granted the Company the option to acquire, on or before October 15, 2024 (the “First Option Period”), an initial 50% interest in the Property (the “First Option”) by: (a) paying to Argonaut $3,500,000 cash or, at the sole discretion of Argonaut, issuing an equivalent number of common shares in the capital of the Company; (b) by incurring or funding exploration expenditures for a total amount of $7,000,000 on the Property; and, by (c) granting the royalty to Argonaut in the form agreed upon and attached to the Option Agreement.

Subject to the Company having exercised the First Option, Argonaut will grant the Company the option (the “Second Option”) to increase its interest by acquiring a further 40% earned interest in the Property, bringing its total earned interest from 50% to 90% by paying to Argonaut an additional amount of (a) $5,000,000, in cash or, at the sole discretion of Argonaut issuing an equivalent number of common shares in the capital of the Company, and (b) by delivering a National Instrument 43-101 (the “Policy”) compliant pre-feasibility study on the Property by a Qualified Person (pursuant to the Policy) before the end of December 31, 2026.

The Company will also pay a finder’s fee to qualified parties in connection with the acquisition of the Property.

Option Issuance

The Company announces that it has issued 250,000 stock options to a consultant of the Company. The stock options are valid for the period of five years from grant with an exercise price of $0.20 per common share.

Shares for Debt Settlement

The Company also announces that it has reached an agreement with a service provider to settle an outstanding payment in the amount of $20,000. The Company will issue 100,000 common shares at a deemed value of $0.20 per share to the service provider for full satisfaction of the payment due. The common shares will be subject to a four month and one day statutory hold period in accordance with applicable securities laws.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Walter Hanych, P. Geo., who is a Qualified Person under NI 43-101 regulations and is a consultant of the Company.

About Gold’n Futures Mineral Corp.

Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a Canadian based exploration company focused on acquiring prospective precious metals properties with the objective of making new discoveries in established gold camps in Canada.

On behalf of the Board of Directors

For further information

Theo van der Linde, Director & interim CEO
Phone: [phone]
www.goldnfuturesmineralcorp.com

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. There is no assurance the private placement, property option, change of board or reinstatement of trading referred to above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to revise or update such statements.