Rocky shore announces the sale of its hemlo-area claims

Toronto, june 02, 2025 (globe newswire) -- rocky shore gold ltd. (the “company”) (cse:rsg) is pleased to announce that it has entered into a definitive agreement (the “agreement”) with a subsidiary of barrick mining corporation (“barrick”) to sell its hemlo-area mineral claims near marathon, ontario for cash consideration of cad$975,000 (the “transaction”). this agreement includes all ontario claims owned by the company, including the claims subject to an earlier option agreement (see press release dated august 29, 2022), which will be terminated on closing of the transaction. the company will retain a variable-rate royalty of up to 0.50% net smelter returns on the claims; the rate per claim will depend on the preexisting royalty burden on such claim, and barrick will have the right to buy back 50% of the royalty by making a one-time cash payment of cad$500,000. the transaction is expected to close within 30 days.
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