Kukuom Gold Project


AEMG has granted the Company an initial option to acquire a 50% ownership interest in a project which is approximately 1 square km, or 247 acres, of land of located in the Kukuom Shewn Edged Pink Concession and the exclusive option to acquire an additional fifty percent (50%) operational ownership interest in the entire Kukuom Shewn Edged Pink Concession, which consists of one hundred fifty-six (156) square kilometer property, whereby AEMG is currently the exclusive operators.

The Company and AEMG intend to move forward immediately with operations including the continued
exploration of the property and the further development of mining operations and gold production from alluvial and hard rock deposits on the Concession.

AEMG is the licensed operator on the Kukuom Shewn Edged Pink Concession pursuant to the agreement dated April 30, 2020 with the Government of the Republic of Ghana and the Ghana Ministry of Lands & Natural Resources (MLNR). The entire Kukuom Concession covers a total surface area of one-hundred fifty-six (156) square kilometers and is located between the cities of Goaso and Bibiani in the Ahafo District of Ghana.

Guskin Gold shall fund the exploration and exploitation of the Concession within the much larger Kukuom Shewn Edged Pink Concession. In addition to providing the financing, and as further consideration for Guskin’s consideration for their participating interest, the Company shall facilitate the transfer of two million (2,000,000) restricted common shares of the Company to AEMG in tranches and in accordance with the achievement of certain operational milestones.