WestKam Gold Corp. (TSXV:WKG) signed a letter of intent to acquire 131 lode claims in Grand County, Utah from American Resources Corporation (NasdaqCM:AREC) on June 21, 2024. A cash consideration will be paid by WestKam Gold Corp. The consideration consists of 4.5 million common equity of WestKam Gold Corp. and on or before August 1, 2024, WestKam will pay Ameranium $0.105 million. Ameranium will covenant to pay these funds to the Bureau of Land Management to pay the annual maintenance fees and any other land costs due and outstanding relating to the Powerline project. to be issued for assets of 131 lode claims in Grand County, Utah

The transaction is subject to approval by TSXV approval and consummation of due diligence investigation. The Company is in the process of completing due diligence on the Powerline project. Upon successful due diligence, the parties will work to finalize and execute a definitive agreement for submission to the TSX-V for approval.