Vancouver, British Columbia. Stamper Oil & Gas Corp. (the 'Company') (TSX-V: STMP; FSE: TMP2) is pleased to announce that, further to its news release dated September 2, 2022, it has received TSX Venture Exchange ('Exchange') conditional acceptance of the agreement with the shareholders of Copper Creek Mining Inc. ('Copper Creek'), under which Stamper shall purchase all of Copper Creek's issued and outstanding shares, representing a 100% interest in Copper Creek. As consideration for Stamper's purchase of the Copper Creek shares, Stamper will issue 5,000,000 of its common shares to the shareholders of Copper Creek on the pro-rata basis.
Upon completion of the transaction, Copper Creek will become a wholly owned subsidiary of Stamper. As of the date of this news release, Stamper has a total of 5,102,207 common shares issued and outstanding. Copper Creek is a British Columbia company which holds an option to acquire 100% interest (the 'Option') in the Perry River Property (the 'Property') from the vendor, an arm's length party to the Company. The Property consists of three contiguous mining claims (1082294, 1082295, and 1082296) covering approximately 4,650.58 hectares of land in the Perry River Area, Kamloops Mining Division, British Columbia, Canada.
The Trans-Canada Highway runs approximately 20 kilometres to the south of the Property claim 1082295 and provides access to the nearby little town of Sicamous (50 km to the southwest), Revelstoke (40 km to the southeast) and city of Kamloops (150 km southwest). Pursuant to the Option, Copper Creek can earn 100% interest in the Property by making a cash payment of $197,138, incurring $250,000 in exploration expenditures and issuing 850,000 shares, all in accordance with the following schedule
a) Upon Signing and Listing i. Making a cash payment of $40,000 upon execution of the Option (this amount has been paid); ii. Making a cash payment of $57,138 on or before December 6, 2022; and iii. Issuing 250,000 common shares to the vendor upon the successful listing on a stock exchange. (b) Year 1 i. Making a cash payment of $50,000 upon the first anniversary of the Option; ii. Issuing 300,000 common shares to the vendor upon the first anniversary of the Option; and iii. Funding exploration work on the Property totalling at least $120,000 by the first anniversary of the Option. (c) Year 2 i. Making a cash payment of $50,000 upon the second anniversary of the Option; ii. Issuing 300,000 common shares to the vendor upon the second anniversary of the Option; and iii. Funding exploration work on the Property totalling at least $250,000 (for the avoidance of doubt, this amount shall include the $120,000 required to be incurred by the first anniversary of the Option and shall not be in addition to such amount) by the second anniversary of the Option. (d) NSR Royalty The Option is subject to 2% net smelter return royalty in favour of the vendor., 1% of which can be repurchased for $1,000,000. Since Copper Creek will become a wholly owned subsidiary of the Company and will not be listed on any stock exchange, the Company will issue 850,000 common shares to the vendor of the Property over the next two years to satisfy the share issuance requirements pursuant to the Option. The Agreement is an arm's length agreement. There are no finder's fees payable in the relation to the Agreement. The 5,000,000 common shares of Stamper to be issued pursuant to the Agreement and the 850,000 common shares of Stamper to be issued to the vendor of the Property will be subject to a 4-month hold period from the date of issue. Trading of Stamper's common shares on the TSX-V is halted and will remain so until the remaining documentation required by the TSX-V has been reviewed and accepted and the acquisition is closed.
About Stamper Oil & Gas
Stamper Oil & Gas Corp. (TSX-V: STMP) is a resource company, seeking to acquire interests in mineral and/or oil & gas resource properties. The Company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.
Contact:
Bryson Goodwin
President & CEO
Chairman of Board of Directors
T: 604-341-1531
Email: brysongoodwin@shaw.ca
Forward-Looking Statements
This news release contains certain statements that may be deemed 'forward-looking' statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although Stamper Oil & Gas Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Stamper Oil & Gas Corp. management on the date the statements are made. Except as required by law, Stamper Oil & Gas Corp undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change
STAMPER OIL & GAS CORP. 
