On May 19, 2021, Nevada Canyon Gold Corp. (NCG) entered into Exploration Lease with Option to Purchase Agreement with MSM Resource, L.L.C., (MSM) a Nevada limited liability Corporation on the Agai-Pah Property, consisting of twenty unpatented mining claims totaling 400 acres, located in sections 32 & 33, T4N, R34E, MDM, Mineral County, Nevada about 10 miles northeast of the town of Hawthorne. The term of the Agreement commences on May 19, 2021, and continues for ten (10) years, subject to NCG's right to extend the Agreement for two (2) additional terms of ten (10) years each, and subject to NCG's option to purchase the Property. Full consideration of the Agreement consists of the following: i.) an initial cash payment of $20,000 to be paid within 90 days from the execution of the Agreement on May 19, 2021, and annual payments of $20,000 to be paid on the anniversary of the Effective Date while the Agreement remains in effect. NCG has the exclusive option and right to acquire 100% ownership of the Property. To exercise the Purchase Option, NCG will be required to pay Seven Hundred Fifty Thousand Dollars ($750,000). The Purchase Price can be paid in either cash and/or equity of NCG, or a combination thereof, at the election of MSM. The annual payments paid by NCG to MSM, shall not be applied or credited against the Purchase Price.