SILVERFISH AMENDS OPTION AGREEMENT
VANCOUVER, BRITISH COLUMBIA, OCTOBER 28, 2022 – SILVERFISH RESOURCES INC. (the “Company”) (CSE: “SF”) announces that the Company has entered into an amendment agreement to extend the exploration expenditures due pursuant to the option agreement dated December 16, 2021, whereby the Company may acquire a 75% interest in and to the Old Timer Property, located in Eastern British Colombia (the “Project”).
Under the terms of the amendment, the Company has been granted one-year extensions on the due dates of the exploration expenditures on the Project over the next three years. The Company’s exploration expenditure obligations on the Project are now as follows:
- $100,000 by September 30, 2023;
- a further $250,000 by September 30, 2024; and
- a further $1,000,000 by September 30, 2024
In consideration of the amendment, the Company shall issue 50,000 common shares. The shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
About the Company
The Company is engaged in acquisition, exploration and development of mineral property assets in Canada. The Company’s objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Old Timer Property. The Old Timer Property is located 17 km southeast of Nelson, in the Nelson Mining Division of southern British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Joseph Cullen”
Joseph Cullen,
President and Chief Executive Officer
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.