Stewart, BC – Further to its news release dated December 12, 2018, Decade Resources Ltd. (“Decade” or the “Company“) is pleased to announce that the Company has received regulatory approval from the TSX Venture Exchange (the “Exchange“) in connection with the option agreement dated December 12, 2018 (the “Agreement“) with Scottie Resources Corp. (formerly, Rotation Minerals Ltd.) (the “Optionee“).
Pursuant to the terms of the Agreement, the Company has granted the Optionee an exclusive option to acquire a 100% interest in the Bow Claims, situated in the Skeena Mining District in British Columbia (the “Property“). In order to exercise the option, the Optionee must pay a total of $1,000,000 to the Company in five equal installments over a 2 year period, subject to a 3% net smelter return royalty.
Edward R. Kruchkowski serves as a director of the Company and the Optionee, and is considered a Non Arm’s Length Party, in accordance with Exchange policies. As such, Mr. Kruchkowski has abstained from voting on all matters relating to the transaction.
ABOUT DECADE RESOURCES LTD.
Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the “Golden Triangle” area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
ON BEHALF OF THE BOARD OF DIRECTORS OF DECADE RESOURCES LTD.
“Randy Kasum”
Randy Kasum
Director
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
“This news release may contain forward–looking statements. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently
anticipated in such statements.”