Gama Acquires Additional Land Holdings in the Havre St. Pierre Anorthosite Complex in Quebec and Announces Investor Relations Agreements

VANCOUVER, BC / ACCESSWIRE / March 3, 2023 / Gama Explorations Inc. (CSE:GAMA)(FSE:N79) ("Gama" or the "Company") is pleased to announce the purchase of a further 41.8 km² of mineral claims contiguous to the current project footprint of its Tyee Nickel Project in the Havre St. Pierre Anorthosite Complex ("HSP Complex") in south-eastern Quebec. The purchase of these additional claims brings GAMA's aggregate land position to 547.1 km².

Mick Carew, PhD, CEO of GAMA, noted, "These additional claims add to our dominant land position in the HSP Complex, and add further scale to our planned exploration efforts in the area for 2023. We are excited about the prospectivity of this region and have aggressively added additional ground through staking and acquisition efforts. The first major phase of exploration on the Tyee project will be our SkyTEM airborne geophysical survey, which we are planning to initiate in May. The results of this survey are expected to lead to further follow-up mapping, prospecting, and rock-chip sampling of priority targets that will form the basis of our maiden drill program."

Foto: Accesswire

Figure 1. Gama's mineral claims, including newly acquired claims, in the HSP Complex

All figures are in Canadian dollars unless otherwise denoted.

Through an asset purchase agreement (the "Agreement") with 1380749 BC Ltd., an arm's-length party, Gama has agreed to acquire an additional 78 mineral claims, covering a total of 41.8 km², for a cash payment of $50,000 and the issuance of 60,000 common shares of Gama. The acquisition of these additional claims brings the footprint of the Company's Tyee Nickel project to 547.1 km².

The securities issued pursuant to the Agreement are subject to a four month and one day hold period in accordance with applicable Canadian Securities Laws.

Investor Relations and Marketing Engagements

The Company also announces the retention of investor relations and marketing service providers, to improve the Company's visibility and prominence in the capital markets in both North America and Europe. Other than as outlined below, none of the service providers have an equity interest in the Company. No stock options or other securities were issued to any of the service providers under the engagements and all parties and their principals contracted are arm's-length to the Company.