Finlay Minerals reported that it has entered into an agreement (the Purchase Agreement) for the 100% purchase of the say Property (the SAY) 140 km north of Smithers, BC. The SAY property covers 10,587 hectares (99.17km2) of highly prospective ground and hosts multiple styles of high-grade copper ± silver and molybdenum-copper mineralization in two known target areas: the Spur Target area has outcrop rock sampling with up to 15.8% copper ("Cu") and 993 g/t silver ("Ag") in predominantly structurally-hosted Cu and Ag mineralization, with 78 of 129 rock samples collected to date yielding >1% Cu and 59 yielding >100 g/t Ag which have been sampled over 4.3 km along the Tsaytut Ridge. The Spur Trend is associated with a 55 km long NNW trending regional magnetic high feature along which regional structural and redbed-type Cu-Ag, and porphyry Cu showings exist; the Shel Target area hosts a 3 km x 2 km circular magnetic anomaly with a coincident surface gossanous zone and a copper-molybdenum ("Mo") soil geochemical anomaly.

Historic drilling intersected low grade Cu-Mo exemplified by 59.3 m assaying 0.08% Cu and 0.107% Mo from 77.7 m in hole 79-1 (Reference: BC Mineral Assessment Report 8075); Both the Spur and Shel Target areas are within the underexplored Bear Lake Corridor of the Stikine Terrane which hosts several volcanic redbed /sediment-hosted Cu ± Ag showings and prospects including the Copperline and Red Spring prospects. The Stikine Terrane hosts first tier porphyry Cu-Au-Ag-Mo and associated Au-Ag structurally controlled vein deposits in the Golden Triangle (Red Chris and Brucejack Mines, Newmont Corp.), Toodoggone (former Kemess Mine, Centerra Gold Ltd.) and Skeena Arch (former Granisle Mine, Amarc-Boliden); Within the Bear Lake corridor, active porphyry Cu-Au exploration projects include the NAK property of American Eagle Gold Corp., 90km to the south, and the Jake property of Quartz Mountain Resources Ltd., 50km to the north of the SAY Property. Pursuant to the Purchase agreement, Finlay will acquire the SAY Property, for consideration of CDN 50,000.

The SAY property is currently subject to a 1.5% net smelter return royalty held by the vendor, Electrum Resources Corporation (Electrum), with Finlay retaining the right to buy back one-half of the NSR royalty (0.75%) for an aggregate payment to Electrum of CDN 1,500,000. Lastly, upon completion of a feasibility study on the SAY, Finlay will make an aggregate payment to Electrum of CDN 300,000.