Minfocus Exploration Corp. announced the signing of a letter of intent with Kapuskasing Gold Corp. to acquire a 100% interest in 72 claims (1,800 hectares) including 42 claims covering the former Teck Corporation Newfoundland Zinc Mine located about 10 km northeast from the community of Daniel's Harbour, Newfoundland. Minfocus has signed a letter of intent agreement with Kapuskasing Gold Corp. ("KAP") to acquire a 100% interest in the Daniel's Harbour Zinc Project from KAP over a two-year period for total consideration of 10 million Minfocus shares and a work commitment of $200,000 within the first 24 months. Under the option agreement that KAP acquired its interest in the project, it shall be responsible for the next cash payment of $10,000 and issue 750,000 KAP shares to the original optionees. Minfocus will be responsible for the remaining $40,000 cash payment to the optionee due on or before September 9, 2021. KAP shall retain a 1.0% NSR interest, which Minfocus retains the option to buy back 0.75% of the NSR interest for $1.5 million until 2025 or $3.0 million thereafter. In addition, the original optionees shall retain a 3.0% NSR, which Minfocus shall have the option to buy back 2.0% of that NSR interest for $2.0 million. A formal option agreement should follow.

Minfocus announced the appointment of Neil V. Froc, P.Eng. to the Board of Directors of Minfocus. He is replacing Phil D'Mello who has recently resigned to pursue other business interests.