Amended: Bathurst Completes Exploration Agreement with th Bridge River Indian Band

(via TheNewswire)

 

June 22, 2023 – TheNewswire -Bathurst Metals Corp. (TSXV:BMV) (OTC:BMVVF) (“Bathurst,” the “Company”)is pleased to announce the signing of an exploration agreement (the “Exploration Agreement”) with the Bridge River Indian Band (“Xwísten”)regarding the Peerless Property (the “Property”).The road accessible Property is located9 kilometres (“km”) north of thevillage of Gold Bridge, and17.5 kmnorth of the historic Bralorne-Pioneer Gold Mining Camp withintheXwísten’s traditional territory insouthwestern British Columbia, Canada.

 

The Exploration Agreement addresses the parties’ desire for a mutually beneficial arrangement in respect of current and proposedexploration activities within the Xwísten traditional territory that provides protection of traditional activities and sensitive sites, and thisincludes archaeological surveys, environmental protection measures, and theopportunity forthe Xwísten community toparticipate in any business and employment opportunities that the Property generates.

 

The Exploration Agreementcovers all exploration activities through to the completion of a Feasibility Study which demonstratesthe economic viability of the project. The parties further agree that eventually the Exploration Agreement will be replaced by an impacts and benefitsagreement to cover any anticipated commercialmining operation. The Exploration Agreement recognizes that Bathurst will retain the rights to accommodate and work with any other Indigenous communities that may have traditional territory within the Property area.

 

The Company will submit a drilling permit application for the drill testing of the Peerless Showing planned for later this year.

 

Harold Forzley, CEO stated. “We are very pleased to have finalized this agreement with Xwísten, which         acknowledges and respects their IndigenousTitle and Rights, and providesfor a mutually respectful dialoguewithXwísten through our continuing exploration program.”

 

As compensation for impacts of the Company’s exploration activities ontheXwísten’s traditional territory the Company, among other things, has agreed to issue Xwísten 100,000 common shares of the Company (“Bathurst Shares”) upon the acceptance of theExploration Agreement by the TSX Venture Exchange (the “Exchange”). TheBathurstShares will be subject to a hold period asper Exchange policy.

 

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ON BEHALF OF THE BOARD OF DIRECTORS

“Harold Forzley”

CEO

Bathurst Metals Corp.

For more information contact Harold Forzley

[e-mail]

 

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.

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