Taura Gold Inc. (TSXV:TORA) entered into an agreement to acquire Shabu Extension property for CAD 0.21 million on October 14, 2022. Taura Gold will purchase a 100% interest in the Property by paying a CAD 10,000 and issuing 750,000 common shares upon acceptance of the transaction by the TSX Venture Exchange. As of November 4, 2022, On closing, Taura Gold issued 750,000 common shares at a deemed price of CAD 0.27 per share to the vendor. The vendor will retain a 2% net smelter returns royalty on the Property, half of which may be purchased by the Company for CAD 1,000,000. The transaction is subject to the acceptance of the TSX Venture Exchange. As of November 4, 2022, TSX Venture Exchange conditionally approved the transaction.

Taura Gold Inc. (TSXV:TORA) completed the acquisition of Shabu Extension property on November 4, 2022.