ZTR Acquisition Corp. announced that it has entered into a letter of intent (the "LOI") dated effective August 17, 2020 outlining the general terms and conditions with respect to the acquisition (the "Acquisition") by the Company of all the issued and outstanding share capital of Federal Gold Corp. On completion of the proposed Acquisition, the Company's board of directors and management team will be reconstituted to consist individuals to be mutually agree between the Company and Federal Gold, including the individuals listed below. Adrian Rothwell, President, and Director: Mining industry entrepreneur and executive for over 25 years. President, Chief Executive Officer and Director of Lucky Minerals Inc. since September 16, 2019, Director and Chair of the Audit Committee on Fireweed Zinc Ltd. since February 14, 2017 and Director of KORE Mining Ltd. since October 30, 2018 (and founder in February 2016), formerly the President and Chief Executive Officer of KORE Mining Ltd. Galen McNamara, Director: Entrepreneur and geologist with extensive discovery and capital markets experience over nearly 15 years. Co-winner 2018 PDAC Bill Dennis "Prospector of the Year" Award for the Arrow uranium deposit and 2016 Mines and Money Exploration Award. Chief Executive Officer and Director of Summa Silver Corp. since May 8, 2020. Brandon Bonifacio, Director: Mining executive with expertise in project development, mergers and acquisitions and over 10 years of experience. Formerly finance director of the Norte Abierto Joint Venture (Cerro Casale/Caspiche) in the Maricunga Region, Chile and member of the corporate development team at Newmont Corporation (former Goldcorp Inc.). Rony Zimmerman, Director: Natural Resources Attorney qualified in Chile and Canada, with a focus on mining projects and capital markets. Rony is a 13 year partner at a major Chilean law firm and was ranked in Chambers and Partners, "Who's Who Mining Legal 500 Best Lawyers and Latin Lawyer". He is the former Co-President of Natural Resources Committee - International Section of American Bar Association.