Mirasol Resources Ltd. announced the signing of an option agreement with subsidiaries of Newmont Corporation to acquire the Inca Gold Project (the "Project") in Northern Chile. This Agreement gives Mirasol the opportunity to add to its portfolio a district-scale and underexplored, intermediate sulfidation epithermal project in the prolific Paleocene belt of Chile. The Project hosts multiple attractive targets that have never been drill tested, and it fits well with the Company's strategy to fund drilling on high quality prospects with favorable infrastructure. Mirasol was granted the option over 5 years to earn-in 100% of the Project, subject to a 1.5% NSR royalty, by: Drilling 1,000 meters on the Project over 2 years; and Incurring USD 3 million in exploration expenditures over 5 years. Mirasol can terminate the Agreement at any time after the completion of the initial 1,000m drilling commitment. Upon completion of this option, NEM will have the right to earn back 70% of the Project, in two stages, by: Stage 1: Paying in cash USD 3 million to Mirasol; and Funding USD 6 million in exploration expenditures over 3 years. If NEM completes Stage 1 but not Stage 2, Mirasol will retain 100% of the Project and NEM will be granted an additional 0.5% NSR royalty which may be bought back by Mirasol at fair market value. Stage 2: Delivering a NI 43-101 compliant Prefeasibility Study reflecting a resource of no less than 2 million ounces of gold-equivalent using agreed upon cut-off grades; or Incurring an additional USD 15 million in exploration expenditures over 3 years. If NEM completes Stage 2, then Mirasol and NEM will hold 30% and 70%, respectively, in a joint venture company holding the Project. Mirasol will then have the option to either fund its 30% interest or reduce it to a 25% interest in exchange for a loan from NEM to fund the Project development to commercial production.