Cariboo Rose Resources Ltd. has granted an option to CMP Minerals Inc. ("CMP") to earn a 70% interest in the Coquigold gold-silver project. Coquigold is located 15 kilometers southwest of the Community of Merritt and 10 kilometers north of Shovelnose Mountain Gold Discovery (Westhaven Gold Corp.-TSX-V:WHN). The project is permissive for epithermal gold-silver, particularly the quartz-adularia variety.

Central to Coquigold is an area where in 2008 the BC Geological Survey identified, sampled and subsequently published the results from areas of quartz sinter and silicified (chalcedonic) volcanic and intrusive breccia. Bedrock sampling in 2019 on claims staked in 2018 by Cariboo Rose confirmed an epithermal mineralizing event with bedrock samples returning up to 43.1 grams per tonne silver, 559 ppm arsenic, 13,400 ppb mercury and 101ppm antimony. Only preliminary evaluation by prospecting and soil sampling has so far been completed on the 2,660 hectare (6,574 acre) property.

To earn the 70% interest CMP is required to make option payments totaling $250,000 cash; issue 200,000 common shares; pay an additional $250,000 in cash or shares and incur $2,000,000 in exploration expenditures, over a period of four years. An exploration expenditure of $300,000 is required in the first year.