Tres-Or Confirms a Preliminary Prospectus Was Filed by Kiboko for the Amended and Restated Option on It's Fontana Gold Project in Québec

Tres-Or Confirms a Preliminary Prospectus Was Filed by Kiboko for the Amended and Restated Option on It's Fontana Gold Project in Québec

Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) ("Tres-Or" or the "Company") announces that as contemplated by the Amended and Restated Option Agreement with Kiboko Gold Inc. ("Kiboko") dated November 30, 2021, a preliminary long form prospectus has been filed and can be found on Kiboko's SEDAR profile. Tres-Or also reports that Kiboko has filed an accompanying Technical Report (NI 43-101 report) titled "Harricana Gold Project Technical Report, Duverny Township, Quebec".

About the Fontana Gold Project (renamed the Harricana Gold Project)

The Fontana Gold Project located 16 km northeast of Amos, Québec was expanded to include Tres-Or's Duvay and Chenier gold project areas, and additional land was staked to increase the project to more than 100 km2 of prospective terrain. The Project includes 234 claims and represents a camp-scale opportunity for a discovery in the heart of Canada's most prolific mining district, the Abitibi gold belt.

Tres-Or's Fontana Gold Project has a tremendous quantity of historic data ranging from small scale mining to recent exploration drilling. This extensive dataset includes geologic mapping, detailed geophysics and geochemistry, bulk sampling, and assay data from more than 700 diamond drill holes dating back to 1937.

The Kiboko technical report provides recommendations for exploration programs with the first phase to consist of a drill program and a Mineral Resource estimate at the Fontana area of the Project. The second phase consists of additional drilling and Mineral Resource estimation at the Fontana, Monpas, and Duvay areas of the Project.

About the Amended and Restated Option Agreement

Under the amended and restated option agreement Kiboko is granted a one stage option to acquire all the Company's interest in the Fontana Gold Project (234 claims) subject to certain royalty interests as per Tres-Or news releases dated December 1, 2021, and January 19, 2022.

To exercise this Amended and Restated Option Kiboko must:

(a) return 2,000,001 Tres-Or common shares and return for cancellation 1,000,001 warrants of the Company previously issued to Kiboko;

(b) on or before June 30, 2022, complete an initial public offering of Kiboko securities having gross proceeds of a minimum of $3,000,000 (the "IPO"); and

(c) within 30 days of the closing of the IPO pay $350,000 to Tres-Or and issue to the Company shares of Kiboko (the "Kiboko Shares") having a value of $1,500,000 based upon a share price equal to the price at which Kiboko's common shares were issued in the IPO. The Kiboko Shares are to be subject to a 12 month hold period and such other restrictions as are imposed under the policies of the BC Securities Commission and the TSX Venture Exchange. Notwithstanding these restrictions the Company may distribute some or all the Kiboko Shares to its shareholders effective December 31, 2022.

It is the intention of the Company's Board of Directors to distribute the Kiboko shares received under this agreement to Tres-Or shareholders on a pro-rata basis, which will be subject to further TSX Venture Exchange submissions and approvals. The record date upon which the distribution is based will be determined once the Kiboko shares have been issued to Tres-Or.

Note: The reader is cautioned that there is no assurance that a final form prospectus will be accepted by the applicable regulatory bodies nor is there any assurance Kiboko will be successful in completing the capital raising contemplated by the prospectus.

On behalf of the Board of Directors

"Laura Lee Duffett"

Laura Lee Duffett,
President and CEO

For further information

Laura Lee Duffett, President & CEO: +1 (604) 541-8376 - info@tres-or.com
Dean Claridge, Business Development: +1 (604) 688-8700
Website: www.tres-or.com

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

About the Company

Tres-Or Resources Ltd. is a Canadian resource company focused on exploring for diamonds and gold resources in the Témiscamingue and Abitibi regions of Québec and is listed on the TSX Venture Exchange under the trading symbol "TRS". Additional information related to the Company is available on SEDAR and on the Company's website (www.tres-or.com).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123507

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Tres-Or Pursues Civil Suit Filed Against Secova Metals Corp.

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Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) ("Tres-Or" or the "Company") reports that it intends to aggressively pursue its civil claim against Secova Metals Corp. ("Secova") in the amount of $199,875 plus interest (the "Claim") filed with the Supreme Court of British Columbia on January 5, 2022 as Secova has failed to respond to any initiatives by the Company to resolve the matter. The Claim arose as a result of Secova's failure to repay certain expenditures incurred by the Company on behalf of Secova pursuant to an Amended and Restated Option Agreement between the parties.

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Tres-Or Resources Ltd. (TSXV: TRS) ("Tres-Or" or the "Company") is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to $550,000 through the sale of Common Share Units (as defined herein) and Flow-Through Units (as defined herein) (the "Private Placement") to advance its Guigues diamond exploration project near Notre-Dame-du-Nord, Québec (the "Guigues Project"). All dollar amounts are in Canadian dollars.

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Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) ("Tres-Or" or the "Company") is pleased to announce the completion of its November 2011 Option Agreement with Globex Mining Enterprises Inc. (TSX: GMX) (FSE: G1MN) (OTCQX: GLBXF) ("Globex") to acquire a 100% interest in 23 mineral claims comprising the Fontana Gold Project subject to Globex retaining a 2.0% NSR.

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Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) ("Tres-Or" or the "Company") announces that it has reached an agreement with Kiboko Gold Inc. ("Kiboko") to amend and restate the original option agreement between the parties dated June 6, 2019 (the "Original Agreement").

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InvestmentPitch Media Video Discusses Tres-Or Resources' First Macrodiamond Drill Program at its Guigues Kimberlite Pipe in Québec - Video Available on Investmentpitch.com

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 Tres-Or Resources (TSXV: TRS) (OTC Pink: TRSFF), a Canadian resource company focused on exploring for diamonds and gold in Quebec, has completed the company's first macrodiamond drill program at its Guigues Kimberlite Pipe in Québec. The company's 100% owned flagship project, the Guigues Kimberlite pipe, is located 10 kilometres from Notre-Dame-du-Nord, in southwestern Quebec.

For more information, please view the InvestmentPitch Media "video" which provides additional information on the company and this news, along with some comments from Laura Lee Duffett, President and CEO of Tres-Or. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Tres-Or" in the search box.

The Guigues kimberlite pipe has substantial size of 4.6 to 7 hectares, excellent local infrastructure, and most importantly highly encouraging diamond indicator mineral chemistry.

The planned 5-hole drill program, totalling 1,500 metres, was completed in one week, with each of the 5 holes reaching 300 metres and encountering significant kimberlite, thereby providing more than 10 tonnes of kimberlite sample for mini-bulk macrodiamond testing.

The kimberlite core will provide the sample for the recovery of macrodiamonds by testing at an independent Canadian laboratory. The company has already collected approximately 8 tonnes from the mini-bulk sample that exceeded 10 tonnes and anticipates recovering all diamonds greater than 0.425 millimetres in diameter.

Tres-Or's previous sampling programs at Guigues established that the kimberlite carries closely comparable indicator mineral and microdiamond populations to De Beers' Victor Diamond Mine in northern Ontario. Nitrogen measurements were conducted by the Saskatchewan Research Council Geoanalytical Laboratories Diamond Services on all Guigues microdiamonds larger than 0.15 millimetres, which demonstrated that more than 75% of these microdiamonds lack the impurity nitrogen, making them similar to most of the largest high value diamonds, Type II, ever produced around the world.

Management cautions that although the recovery of Type II microdiamonds from the Guigues Kimberlite is suggestive of the occurrence of larger stones, this does not mean that the Guigues Kimberlite will necessarily host large Type II diamonds.

The shares are trading at $0.08. For more information, please visit the company's website at www.tres-or.com, contact Laura Lee Duffett, President and CEO, at 604-541-8376 or by email laura@tres-or.com.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104168

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