Central Timmins Exploration Corp. entered into an agreement to acquire non-core Timmins exploration assets of Claim Post Resources Inc. (TSXV:CPS) for CAD 0.35 million on December 22, 2017. The transaction was fully funded by Central Timmins and the transaction was not subject to financing condition. The transaction is subject to regulatory and third party approvals and customary conditions precedent. Claim Post intends to use the proceeds of the sale for general working capital purposes and to partially fund the development of its frac sand project. Clarus Securities Inc. acted as independent financial advisor to Claim Post.

Central Timmins Exploration Corp. completed the acquisition of non-core Timmins exploration assets of Claim Post Resources Inc. (TSXV:CPS) on January 8, 2018.