Precious Metals

Optimum Ventures Ltd. ("Optimum" or the "Company") (TSXV:OPV), is pleased to announce that the Company has entered into a share exchange agreement dated November 24, 2022 (the " Agreement ") with all of the shareholders of 1309762 B.C. Ltd. (the " Vendor "), a privately held corporation incorporated under the laws of British Columbia, pursuant to which the Company has agreed to acquire all of the issued and outstanding common shares from the shareholders of Vendor in exchange for 3,000,000 common shares of the Company (" Optimum Shares ") subject to the terms and conditions set out in the Agreement (the " Transaction ") and the approval of the TSX Venture Exchange (the " TSXV ").

The Vendor owns 19 contiguous mining claims forming the Salmon Property covering approximately 208 hectares in the Hyder Mining District situated in southeastern Alaska, along the panhandle, immediately east of the Salmon River. The property is well located near infrastructures such as an all-weather road, a town, and a power-line as well as docks at tidewater. As at May 31, 2022 the Vendor had cash of $319,000.

Andrew Bowering, Chairman and Director of Optimum stated, "We are focused on actively seeking opportunities to expand our interests in the highly prospective Golden Triangle region and this strategic potential acquisition represents another prospective project strategically located in the Golden Triangle area that is complementary to our existing Harry property."

Under the terms of the Agreement, the shareholders of Vendor will exchange all of the issued and outstanding shares of Vendor to the Company in exchange for 3,000,000 Optimum Shares at a deemed value of the Discounted Market Price (as such term is defined in the TSXV Corporate Finance Manual) per Optimum Share. Closing of the Transaction is subject to a number of conditions including the approval of the TSXV and completion of a technical report prepared in compliance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects . The Transaction is an arms length transaction for purposes of the policies of the TSXV and the Company expects that the Transaction will meet the criteria of an "Expedited Acquisition" pursuant to Policy 5.3 – Acquisitions and Disposition of Non-Cash Assets of the Corporate Finance Manual. In connection with the Transaction and as consideration for the benefit provided by 1330841 BC Ltd. (the " Finder ") in identifying and introducing to the Company the opportunity to acquire all of the issued and outstanding shares of the Vendor, the Company agreed to pay the arms length Finder a finder's fee consisting of 150,000 common shares of Optimum (the " Finder's Shares ") to the Finder subject to the approval of the TSXV. The Optimum Shares and any Finder's Shares issuable in connection with the Transaction will, upon closing, be subject to a statutory four month and one day hold period from the closing date.

Qualified Person

Mr. Edward Kruchkowski P.Geo., a member of the Company's Board of Directors and registered in the Provinces of British Columbia is the "Qualified Person" under National Instrument 43-101 and is responsible for the technical contents of this news release and has approved the disclosure of the technical information contained herein.

About Optimum

Optimum is a Canadian-based mineral exploration company actively seeking opportunities in the resource sector. Its properties and projects are all located in British Columbia and the extensions of the Golden Triangle area of Northern British Columbia into Alaska. The company has an option agreement with Teuton Resources Corp. pursuant to which Teuton has agreed to grant to Optimum the option to acquire an up to 80-per-cent interest in the Harry property, located near Stewart, B.C.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements include those relating to completion of the Transaction as proposed or obtaining TSXV consent for the Transaction, there is no assurance the Transaction will be completed as planned or at all. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Optimum's ability to complete all payments and expenditures required under its mineral property acquisition agreements; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainty of reserve and resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: Tyler Ross Optimum Ventures Ltd. Tel: (604) 428-6128 info@optimumventures.ca

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Optimum Ventures Commences Drill Program on the Harry Property in Northwest British Columbia

Optimum Ventures Commences Drill Program on the Harry Property in Northwest British Columbia

Optimum Ventures Ltd. (" Optimum " or the " Company ") (TSXV: OPV), is pleased to announce the start of drilling at its Harry Project located within the Golden Triangle near Stewart, BC. The Harry Project is situated within a 200 kilometre ("km") long northwest trending corridor hosting numerous high-grade gold occurrences and discoveries. It is just 30 km southwest of the Eskay Creek Mine and strategically located between Ascot Resources Ltd.'s Premier Mine and Newcrest Mining's Brucejack Mine.

Sunbeam Drilling has commenced operations utilizing a B-15 drill running NQ core and a JK Smit helicopter portable drill using BTW core. This season's program is planned to test several new zones discovered earlier this year during prospecting, mapping and, in some instances, Shaw shallow surface drilling. Priority is being given to the Swann, BR, Ursula, Ursula South, Saw Cut, and GS zones, where to date over 1000 surface talus fines, chip samples, grab samples, saw cut samples and Shaw drill core has been sent for assay. Some early results were released by the Company on September 22, 2022, indicating gold and silver values occur in every zone. Additional assay results will be released as available.

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Nevada Sunrise Disclosure on Investor Relations Agreements

Nevada Sunrise Disclosure on Investor Relations Agreements

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company", formerly Nevada Sunrise Gold Corp.) (TSXV: NEV) (OTC: NVSGF) is pleased to disclose details of its investor relations agreements entered into in 2022 by the Company to create awareness of its exploration activities in Nevada as follows:

Nevada Sunrise Metals Corp. logo (CNW Group/Nevada Sunrise Metals Corporation)

  • Resource Stock Digest ("RSD"): The services provided by RSD to the Company relate to banner advertising. The Company is an RSD Website Sponsor at a cost of USD$10,000 per quarter, and had a Featured Company Banner on the RSD website in August 2022 and in September/ October 2022 , at a cost of USD$25,000 per instance. RSD conducts interviews with the Company and produces its own content that is distributed to RSD's subscriber base.

  • Investing News Network ("INN"): INN provides marketing services and an ongoing lead generation campaign, at an annual cost of CAD$20,000 until May 2023 . INN provides commodity-specific information and profiles issuers. The Company is featured on the INN website, and approximately once per quarter INN distributes one company-issued news release to its subscriber base. Under the current agreement, INN also conducts and publishes interviews with the Company.

  • CEO.ca: The Company subscribes to an Executive Advertising Package, which commenced in August 2022 for a 6-month term at a cost of CAD$95,000 . CEO.ca posts banner advertisements for Nevada Sunrise on the CEO.ca website, and the Company will be featured once during the term of the agreement as a sponsor of CEO.ca's Chairman's Briefing weekly newsletter. CEO.ca also distributes the Company's news releases and provides monthly updates regarding viewership on the CEO.ca website that is specific to Nevada Sunrise.

  • 51 Media Ltd.: The Company engaged 51 Media Ltd. and its principal Jason Powell in March 2022 to undertake corporate development, communications services and administrative duties at a cost of CAD$5,000 per month, for an unspecified term that can be terminated by either party at any time. 51 Media Ltd. communicates with analysts, brokers, investors and other investment professionals and assists in the ongoing maintenance of the Company's marketing materials, including its website.
About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. ("Copaur"), following the completion of a plan of arrangement between Copaur and the Company's former joint venture partner, New Placer Dome Gold Corp.  Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).


Nevada Sunrise has the right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nevada Sunrise Metals Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/25/c6324.html

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(TheNewswire)

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(TheNewswire)

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