Ubique Minerals Limited announced that it has entered into a Mineral Claim Purchase Agreement with Ophir Gold Corp. . mining claims located in Daniel's Harbour, Newfoundland Canada to the Company.

The Claims are all a part of the option agreement announced between the companies on February 14, 2019 wherein previously the Company had the option to earn up to a 70% interest in the Claims. The transaction will be executed on an "as is, where is" basis, acknowledging the existing state, condition, and location of the Claims as of the Closing Date. In return for a 100% interest in the Claims, the Company will issue 3,800,000 ordinary shares of the Company (the "Consideration Shares") to Ophir Gold. The Closing Date for the transaction is anticipated to occur at 10:00 a.m. Vancouver time on the second business day after the Effective Date, subject to the fulfillment of the Agreement's terms and conditions.

The execution of the Agreement reflects the Company's ongoing commitment to advancing mineral exploration and development projects that have the potential to generate value for shareholders and contribute to sustainable resource utilization.