Westmount Minerals Corp. (CNSX:WMC) acquired Douay East Property in Western Québec from1544230 Ontario Inc. and Gravel Ridge Resources Ltd. on December 31, 2021.

Westmount Minerals Corp. (CNSX:WMC) complete the acquisition of Douay East Property in Western Québec from1544230 Ontario Inc. and Gravel Ridge Resources Ltd. for $0.1 million on December 31, 2021. Under the terms of the transaction, Westmount Minerals agreed to issue 500,000 common shares and make cash payments over a 3-year period totaling $82,000 as set out below: $6,000 on signing of the term sheet, $6,000 on signing of this agreement, 300,000 common shares on completion of the Company's initial public offering and listing on the CSE, $16,000 on or before the one-year anniversary of the agreement, 200,000 common shares on or before the one-year anniversary of the IPO, $24,000 on or before the two-year anniversary of the agreement signing, and $30,000 on or before the three-year anniversary of the agreement signing. The Owners retain a 1.5% NSR on all mineral production, 0.75% of which can be purchased by Westmount for $0.4 million.