Cassiar Gold Corp. (TSX-V: GLDC) (OTCQX: CGLCF) is pleased to announce the signing of an Exploration Agreement with the Dease River First Nation, whose traditional territory encompasses the Cassiar Gold Project in northern British Columbia. This Agreement establishes a collaborative framework for responsible mineral exploration and development, ensuring mutual benefits, respect for Indigenous rights, and environmental stewardship.
Exploration Agreement Overview
The Agreement formalizes the relationship between Cassiar Gold and the Dease River First Nation, providing a foundation for ongoing engagement, communication, and cooperation throughout the exploration lifecycle. Key elements of the Agreement include:
Strengthening Partnerships for Sustainable Development
The signing of this Agreement marks a significant milestone in Cassiar Gold’s commitment to building respectful, long-term partnerships with Indigenous communities. It reflects the Company’s dedication to advancing its exploration activities in a manner that is inclusive, transparent, and aligned with the values and aspirations of the Dease River First Nation.
“The signing of this agreement marks an important step toward a mutually respectful partnership with Cassiar Gold,” said Chief Myles Manygreyhorses of the Dease River First Nation. “By balancing exploration activity with strong environmental oversight and direct opportunities for our members and local businesses, we are establishing a path forward that aligns with the long-term priorities of Dease River First Nation.”
“We are honoured to enter into this Exploration Agreement with the Dease River First Nation,” said Marco Roque, President and Chief Executive Officer of Cassiar Gold Corp. “This partnership is a testament to our shared commitment to responsible resource development, environmental stewardship, and the creation of lasting benefits for local communities. We look forward to working closely with the Dease River First Nation as we advance exploration at the Cassiar Gold Project, ensuring that our activities respect Indigenous rights and contribute positively to the region.”
The Agreement provides that the Company will issue to the Dease River First Nation, subject to the approval of the TSX Venture Exchange, 500,000 units of Cassiar Gold with each Unit being comprised of one common share of Cassiar Gold and one non-transferable common share purchase warrant entitling the Dease River First Nation to purchase one additional common share of Cassiar Gold at a price of $0.65 per Warrant Share for a period of 12 months from the date of issuance of the Warrants (among other commitments of a customary nature). The Unit Shares, Warrants, and Warrant Shares will be subject to a hold period in Canada of four months and a day from the date of issuance of the Units, as well as contractual trading restrictions.
About Cassiar Gold Corp.
Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main project areas:
The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, British Columbia, Canada. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.
Qualified Persons
Jill Maxwell, P.Geo., Cassiar Gold Corp.’s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the technical information in this press release.
Cassiar Gold Corp. acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.
CONTACT INFORMATION
Jason Shepherd
VP Investor Relations Cassiar Gold Corp.
E-mail: jasons@cassiargold.com
Phone: 250-212-2122
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