Golden Predator Mining Corp. (TSXV:GPY) (‘GPY’) entered into an agreement to acquire certain mineral claims in Yukon Territory from Bearing Resources Ltd. (TSXV:BRZ) (‘Bearing’) for CAD 0.94 million on January 3, 2017. The purchase consideration comprises an aggregate cash payment in the amount of CAD 0.28 million payable over a 48 month period from the execution date of the agreement and 35,000 common shares of GPY issuable upon TSX Venture Exchange approval, and a further 50,000 common shares on the date that is 8 months from the execution date. GPY has also agreed to issue up to CAD 0.6 million worth of common shares of GPY on the dates that are 20 months, 32 months, and 48 months from the execution date, at a price per share equal to the 21-day volume weighted average price as at the date of issuance, subject to a floor price equal to the minimum price permitted under the TSX Venture Exchange policies. Pursuant to the agreement, GPY will grant Bearing a 2% net smelter return royalty on certain of the claims and a 1% net smelter returns royalty on the remaining claims. GPY may re-purchase 50% of the net smelter returns royalty, at any time, for the purchase price of CAD 1 million. The consideration shares will be subject to a four-month hold period in accordance with applicable securities laws. As at January 31, 2017, Bearing had received an initial payment of CAD 10,000 cash and 35,000 GPY common shares. These shares are refundable in the event that the merger does not close. Subsequent to July 31, 2017 Bearing received CAD 10,000 and 50,000 shares related to the transaction. The transaction is subject approval of TSX Venture Exchange and the completion by Bearing of its previously announced transaction with Li3 Energy Inc. On January 12, 2017, TSX Venture Exchange approved the deal.