Gold Hunter Resources Inc. has completed the acquisition of a strategic land package to consolidate and expand its Great Northern gold project in Newfoundland and Labrador. This marks a significant milestone in the company’s district-scale strategy, resulting in the first-ever consolidation of this prolific gold belt.
With this transaction, Gold Hunter has nearly doubled the size of the original Great Northern and Viking projects from 13,775 hectares to 26,237 hectares, acquiring claims from multiple vending partners to secure full control of the district. The expanded land position now spans over 49 kilometres of strike length along the highly prospective Doucers Valley fault, one of the most compelling geological settings for exploration in the region. Achieving district-scale ownership in such favourable terrain is a rare feat and solidifies Gold Hunter’s position as the dominant explorer in the area.
Further to the company’s news release dated May 27, 2025, the land package was acquired pursuant to two mineral property purchase agreements dated May 23, 2025.
The company entered into a mineral property purchase agreement with Angie Stockley, Stephen Stockley Agriculture and Fabrication Inc. (SSAF), Unity Resources Inc., Alexander Duffitt and Margaret Duffitt, Jeanette Martin, Almar Consultants, and Robert John Snook to purchase a 100-per-cent interest in and to 127 mineral claim blocks (within 13 mineral licences) located in Newfoundland and Labrador (the GNS property) from the GNS vendors and a mineral property purchase agreement with Chad Kennedy, United Gold Inc., SSAF and Kluane Capital FZCO to purchase a 100-per-cent interest in and to 39 mineral claim blocks (within three mineral licences) located in Newfoundland and Labrador (the NC property) from the NC vendors.
In consideration for the GNS interest, the company paid cash consideration of $25,000 to the GNS Vendors upon signing the Great Northern-Southern agreement and issued an aggregate of 1.4 million escrowed common shares in the capital of the company to the GNS vendors on June 19, 2025. In consideration for the NC interest, the company paid cash consideration of $6,000 to SSAF and $6,000 to United upon signing the North Central agreement and issued one million shares to the NC vendors on the closing date.
In addition to the above, on the closing date, the company granted an aggregate 2-per-cent net smelter return (NSR) royalty over the GNS interest, with an option to buy back 1 per cent of the GNS NSR royalty for $1-million, and granted an aggregate 2-per-cent NSR royalty over the NC interest, with an option to buy back 1 per cent of the NC NSR royalty for $1-million.
The shares issued pursuant to the Great Northern-Southern agreement and the North Central agreement are subject to a voluntary escrow arrangement, whereby one-third of the shares held by each of the GNS vendors and NC vendors will be released from escrow every six months following the closing date.
Option agreement with Magna Terra Minerals Inc.
On May 29, 2024, the company entered into a definitive option agreement with Magna Terra, pursuant to which it acquired an option to earn a 100-per-cent undivided interest in Magna Terra’s Great Northern and Viking projects (the MT property), located in the province of Newfoundland and Labrador.
“With the completion of this second-anniversary milestone, our conviction in the Great Northern project has never been stronger,” said Sean Kingsley, chief executive officer of Gold Hunter Resources. “It’s rare to find a gold asset with this combination of high-grade intercepts, near-surface potential and district-scale size. By consolidating over 49 kilometres of strike along the Doucers Valley fault, we now control one of Newfoundland’s most compelling exploration corridors. We’re proud to have Magna Terra not only as a key partner but as our largest and most aligned shareholder.”
Lew Lawrick, chief executive officer of Magna Terra Minerals and a director of Gold Hunter, added: “We’ve long believed in the value of the Great Northern and Viking projects. Gold Hunter’s team has done what no other operator has — bringing the entire district under one roof. That’s a foundational achievement in this type of terrain. With the upcoming drill program — the largest in the project’s history — we’re excited to demonstrate just how much potential this system holds.”
On June 19, 2025, the company reaffirmed its commitment to the MT property by completing the second tranche of consideration under the option agreement to maintain the option in good standing. The second tranche of the option comprised $450,000 in cash and the issuance of 35,211,267 shares at a deemed price of 7.81 cents per share. The company also paid $45,000 in cash and issued 3,521,126 shares at a deemed price of 7.81 cents per share as a finder’s fee to Kluane in connection with the second exercise.
To exercise the option in full, the company is required to pay an additional $675,000 in cash and issue such number of shares with an aggregate value of $4.25-million by June 10, 2026.
All shares issued to the GNS vendors, the NC vendors, Magna Terra and Kluane on the closing date are subject to a statutory hold period expiring four months and one day from the closing date.
2025 exploration update
The company is preparing to launch its inaugural expansive drill program, designed to test multiple high-priority discovery targets across the fully consolidated district. In advance of drilling, Geotech’s VTEM (versatile time-domain electromagnetic) airborne electromagnetic survey system is expected to arrive shortly to complete a comprehensive geophysical survey over the entire 26,237-hectare land package. The results will refine drill targeting and enhance the geological understanding of the Doucers Valley fault corridor.
Qualified person and technical disclosure
This news release, along with all scientific and technical information, has been reviewed and approved by Rory Kutluoglu, BSc, PGeo, a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, and is the consulting technical lead for Gold Hunter.
About Gold Hunter Resources Inc.
Gold Hunter Resources is a Canadian mineral exploration company focused on acquiring and advancing high-potential precious and base metal projects. The company leverages data-driven approach to exploration, combining modern techniques with historical data sets to identify and develop district-scale opportunities.
Following the successful divestiture of its first consolidated district to FireFly Metals Ltd., Gold Hunter has assembled the Great Northern project, covering 49.2 kilometres of strike length across 26,237 hectares. Positioned along the Doucers Valley fault structure in one of Newfoundland’s most prospective gold belts, the company is advancing toward a maiden drill program targeting high-priority anomalies. Gold Hunter is committed to responsible exploration, meaningful stakeholder engagement and delivering long-term value to shareholders.