Sasquatch Resources Exercises Option to Acquire Mineral Claim for Mount Sicker Property

Vancouver, BC, August 22, 2024 - Sasquatch Resources Corp. (CSE:SASQ) has successfully exercised its option to acquire the British Columbia mineral claim constituting the Mount Sicker Property. Pursuant to the option agreement dated November 5, 2021, Sasquatch has made a cash payment of $100,000 and issued 800,000 common shares to the Optionors. These shares, priced at $0.07 each, are under a four-month hold period in line with securities laws.

CEO Pete Smith noted that this marks substantial progress toward a potential reclamation and recovery project at Mount Sicker. Initial tests have indicated promising levels of gold, copper, silver, and zinc in the waste rock. A 530kg sample is under evaluation at ALS Global in North Vancouver, with results pending. The local MLA, Federal MP, and First Nations have expressed support for the project. Various funding channels are being explored to further the project, which aims to create a model for the reclamation of historical mine sites in BC.

The option agreement also grants a 1.0% net smelter returns royalty to each of the Optionors, with Sasquatch retaining the right to buy back half of each NSR before commercial production begins. This transaction is classified as a related party transaction and is exempt from formal valuation and minority shareholder approval under MI 61-101, as its value does not exceed 25% of Sasquatch's market capitalization.