PMET Resources to Expand Land Position in James Bay Region

Acquisition Announcement: PMET Resources Inc. has entered into a definitive agreement to acquire the Pikwa Property in Quebec, expanding its land position adjacent to the Shaakichiuwaanaan Property, with a focus on multiple commodities including lithium and gold.

Property Details: The Pikwa Property consists of 509 mineral claims covering approximately 10 km of a greenstone belt, which is known for its potential for various mineral deposits, including lithium, copper, and gold.

Strategic Importance: This acquisition consolidates PMET's control over more than 70 km of a highly prospective greenstone trend, enhancing its exploration capabilities and potential for significant mineral resources in the region.

Financial Terms: The acquisition involves issuing 841,916 common shares to Azimut Exploration and SOQUEM, along with a 1% net smelter return royalty to each party, subject to customary closing conditions and regulatory approvals.