Xplore Resources Corp. (TSXV:XPLR) agreed to acquire The Surge North Property for CAD 0.25 million on June 5, 2024. consideration consists of CAD 0.075 million in cash and issuing 1.5 million Xplore Shares to the vendor upon acceptance of the Surge North Agreement by the TSXV.

The vendor will retain a 2% NSR on the Surge North Property, one-half of which, being 1%, can be purchased by Xplore Resources Corp. at any time for CAD 0.075 million. The Surge North Agreement and the transactions contemplated therein are subject to the acceptance of the TSXV.