Wilson Property Amendment Agreement
EARTHWISE ANNOUNCES AMENDMENT TO PROPERTY OPTION AGREEMENT
April 26, 2023 – VANCOUVER, BRITISH COLUMBIA – Earthwise Minerals Corp. (CSE:WISE; FSE:966) (“Earthwise” or the “Company”) announces that it has amended the terms of the option agreement for its Wilson property. The cash payment due April 22, 2023 has been deferred and the parties have agreed to increase the aggregate amount by $50,000; the remaining instalments will be payable on the 3rd, 4th and 5th anniversaries as set out in the amended agreement. In consideration of the deferred payment, the Company will issue an additional 800,000 common shares on April 22, 2023 for an aggregate amount of 1,600,000 common shares. In addition to all applicable hold periods under applicable securities laws, the 1,600,000 common shares will be subject to an additional contractual release period, as follows: (a) July 22, 2023: 400,000 Earthwise shares (25%); (b) October 22, 2023: 400,000 Earthwise Shares (25%); (c) January 22, 2024: 400,000 Shares (25%); and (d) April 22, 2024: 400,000 Earthwise Shares.
About Earthwise Minerals Corp.
Earthwise is focused on junior stage project acquisitions across Canada. One of these projects is located in one of the world’s largest gold endowed areas, the Abitibi Greenstone Belt. The Wilson Gold Project can be accessed by government-maintained roads located east of the town of Lebel-sur-Quévillon, Quebec. The Company has recently acquired the Barriere and Gilnockie projects in British Columbia, as well as the Bonanza lithium brines property located in Alberta. For more information, review the Company’s filings available at www.sedar.com.
HAWKMOON RESOURCES CORP., ON BEHALF OF THE BOARD "Patrick Morris"
Patrick Morris, Chief Executive Officer
Forward Looking Statements
This news release includes statements that constitute “forward-looking information” as defined under Canadian securities laws (“forward looking statements”). Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in its forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and actual outcomes may differ materially from those in forward-looking statements. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: the current labour market, the availability of suitable candidates, and the broader market conditions related to the publicly traded securities of the Company. Additional information regarding the various risks and uncertainties facing the Company are described in greater detail in the "Risk Factors" section of the Company’s annual management's discussion and analysis and other continuous disclosure documents filed with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update forward-looking information except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.
For more information, please contact Patrick Morris, Chief Executive Officer and Director Email: [email protected]. Telephone: 604.761.8597