True North Gems Inc. (TSXV:TGX) agreed to acquire Cobalt Hill Gold-Copper-Cobalt Property on December 30, 2021. The Agreement allows the Company to acquire 100% interest in the Cobalt Hill Gold-Copper-Cobalt Property in consideration for reimbursing the prospector's staking costs and reserving a 3% NSR in favor of the prospector. In a related transaction True North Gems Inc. (TSXV:TGX) agreed to acquire Chuchinka Property on December 30, 2021.

The Company is utilizing general working capital funds from the exercise of outstanding warrants to fund the reimbursement of the prospector's staking costs totaling CAD 2460 for both the transactions.