TRM Trueclaim Exploration Inc

Trueclaim Exploration Inc. (the "Company") (TSX VENTURE:TRM)(OTCQX:TRMNF), an
explorer and developer of precious and base metals projects, is pleased to
announce that it has signed an option agreement (the "Option") with Krinor
Resources Inc. and ASK Prospecting and Guiding Inc. (the "Optionors") to acquire
100% of 59 claims (approx. 1,475 ha) known as the Linear Property, located 15 km
west of Gander, Newfoundland. The Property covers a portion of the Appleton
Linear, a north-northeast trending structure that extends more than 30 km in
length, where high-grade gold mineralization in quartz veining and breccias has
been discovered through prospecting and subsequent diamond drilling.


For the Option to be fully exercised the Company must: 



i.   pay to Krinor Resources Inc. $8,000 within five business days of the
     Effective Date of the Option; 
ii.  make a $25,000 cash payment to the Optionors and issue 150,000 common
     shares of the Company to the Optionors within five business days of 
     the Effective Date of the Option; 
iii. make a $25,000 cash payment to the Optionors and issue 150,000 common
     shares of the Company to the Optionors and incur $250,000 of 
     exploration and development expenditures on or before the first 
     anniversary of the Effective Date of the Option; 
iv.  make a $60,000 cash payment to the Optionors and issue 210,000 common
     shares of the Company to the Optionors and incur $400,000 of 
     exploration and development expenditures on or before the second 
     anniversary of the Effective Date of the Option; 
v.   make a $80,000 cash payment to the Optionors and issue 240,000 common
     shares of the Company to the Optionors and incur $700,000 of 
     exploration and development expenditures on or before the third 
     anniversary of the Effective Date of the Option. 



The Option Agreement is also subject to a three percent (3.0%) Net Smelter
Return royalty. The Company will have the right to purchase fifty percent (50%)
of the Net Smelter Return royalty at any time for $1,500,000. The transaction is
subject to acceptance by the TSX Venture Exchange. The Company intends to
transfer for consideration its right under the Option Agreement to a third party
that will fund the option and work commitments.


We seek safe harbour.

John Carter, President

This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward-looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include, among others, those
concerning the Option). All statements in this news release, other than
statements of historical facts, which address future production, reserve
potential, exploration activities, financing plans, objectives or goals, and
events or developments that the Company expects, are forward-looking statements.
Since forward-looking statements address future events and conditions, by their
very nature, they involve inherent risks and uncertainties. Such forward-looking
information or statements are based on a number of risks, uncertainties and
assumptions which may cause actual results or other expectations to differ
materially from those anticipated and which may prove to be incorrect.
Assumptions have been made regarding, among other things, management's
expectations regarding its ability to complete its exploration and development
work as expected. Actual results could differ materially due to a number of
factors, including, without limitation, operational risks in the completion of
the Company's continued development work, technical, safety or regulatory
issues, market prices, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market or business
conditions. Although the Company believes that the expectations reflected in the
forward-looking information or statements are reasonable, prospective investors
in the Company's securities should not place undue reliance on forward-looking
statements because the Company can provide no assurance that such expectations
will prove to be correct. Actual results or developments may differ materially
from those projected in the forward-looking statements. Such risks include
expectations that may be raised by discussing potential mine types and by
comparing the Company's projects to other projects. Also, in order to proceed
with the Company's exploration and acquisition plans, additional funding is
necessary and, depending on market conditions, this funding may not be
forthcoming on a schedule or on terms that facilitate the Company's plans.
Forward-looking information and statements contained in this news release are as
of the date of this news release and the Company assumes no obligation to update
or revise this forward-looking information and statements except as required by
law.

Trueclaim Exploration (TSXV:TRM)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Trueclaim Exploration (TSXV:TRM)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024