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Vancouver, BC, April 22, 2026 (GLOBE NEWSWIRE) — Trident Resources Corp. (TSX-V: ROCK) (OTCQB:
TRDTF) (“Trident” or the “Company” or the “Optionee”) is pleased to announce that, further to its news release dated April 16, 2026, it has received TSX Venture Exchange approval and closed the Property Option Agreement dated April 15, 2026 (the “Agreement”) with North-Sask. Ventures Ltd. (“North-Sask.” or the “Optionor”) pursuant to which the Company has the right to acquire up to 100% interest in 19 individual mineral dispositions that total 3,586 hectares (ha) within the La Ronge Gold Belt.
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Acquisition Highlights:
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- Attractive acquisition price (see Agreement Terms, below)
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- The new dispositions host numerous base and precious metal showings that have seen only limited exploration
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- The claim blocks are located within the prospective La Ronge Gold Belt and are contiguous with Trident’s extensive land holdings
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- The new claims have excellent exploration potential upside and are on trend with the Contact Lake mineralization
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- The Company has over C$32M in cash and marketable securities on its balance sheet
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- Trident is making great progress at its fully-funded 30,000m-40,000 drill program in 2026 at its flagship Contact Lake Gold Project
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Agreement Terms – Payments and Commitments:
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The Optionor irrevocably grants to the Optionee the sole and exclusive right and option to acquire 100% right, title and interest in and to the Property, in accordance with the terms of this Agreement by satisfying the following conditions:
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- paying to the Optionor a total of C$85,000 and issuing to the Optionor a total of 40,000 Shares (the cash payment and Share issuances collectively referred to as the “Option Payment”), as follows:
- within ten business days of TSX Venture Exchange approval of the Agreement (the “Acceptance Date”), pay $25,000 (paid) and issue 10,000 Shares (issued);
- on or before the first anniversary of the Acceptance Date, pay $20,000 and issue 10,000 Shares; and
- on or before the second anniversary of the Acceptance Date, pay $20,000 and issue 10,000 Shares; and
- on or before the third anniversary of the Acceptance Date, pay $20,000 and issue 10,000 Shares.
- within ten business days of TSX Venture Exchange approval of the Agreement (the “Acceptance Date”), pay $25,000 (paid) and issue 10,000 Shares (issued);
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The Optionor shall retain a 2% net smelter returns royalty from minerals mined and removed from the Property, of which the Optionee may purchase one-half, being 1%, at any time for $1,000,000.
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All securities issued pursuant to the Agreement are subject to a four month hold period from the closing date in accordance with applicable securities laws and the policies of the Exchange.
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Qualified Person:
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The scientific and technical data contained in this news release was reviewed and approved by Cornell McDowell, P.Geo., the Company’s VP of Exploration and a “qualified person” under the National Instrument 43-101 – Standards of Disclosure of Mineral Projects.
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