Stinger Resources Inc. reported that it has negotiated new terms for the option agreement to earn 100% of the Glitter King property (‘the Property') located in western British Columbia located approximately 90 kilometers southeast of Prince Rupert on Pitt Island. The present challenges the junior exploration market is facing has allowed for the prior Glitter King option agreement to be re-negotiated, resulting in very favorable terms for Stinger. The new option terms are as follows: Stinger paid the Optionor $5,000 in cash upon signing the new revised agreement.

The optionor grants the right to Stinger to earn an undivided 100% interest in the Property, subject to a 3% net smelter returns royalty (‘NSR'). The full NSR may be purchased at any time by Stinger for $500,000 cash per each 1% purchased. Stinger will conduct enough assessment work in 2022 to keep the property claims in good standing until at least August 1, 2023.

During the year 2023, Stinger will conduct enough assessment work to keep the property claims in good standing until at least August 1, 2024. On or before August 1, 2024, Stinger will pay to the optionor $30,000 in cash. Stinger shall be permitted to accelerate any of the cash payments or exploration work commitment amounts listed above and all such payments and work commitments shall be cumulative meaning that any cash payments or work commitment expenditures that exceed the specific obligations for any given time period shall carry forward and be applied to future obligations.

Stinger shall be the operator of the Property.