Trojan Gold Inc. (CNSX:TGII) entered into a non-binding letter of intent to acquire certain mineral claims from Tashota Resources Inc. for CAD 0.5 million on August 23, 2023. It is anticipated that the purchase price payable by the Company to Tashota will consist of (i) CAD 0.25 million paid in cash and (ii) the issuance of 5,000,000 common shares in the capital of the Company. Trojan and Tashota intend to complete the Proposed Transaction as soon as practicable.

Each of Trojan's and Tashota's obligations to close the Proposed Transaction will be subject to customary conditions and any other conditions agreed to by the parties to be included in a definitive asset purchase agreement (the 'Definitive Agreement') for the Proposed Transaction, including but not limited to the receipt of all necessary approvals and consents required by each party to complete the Proposed Transaction.