Bullion Gold Announces the Sale of Turgeon Lake Property to Xcite Resources Inc.

Provided By Globe Newswire

Last update: Apr 14, 2023

MONTREAL, April 14, 2023 (GLOBE NEWSWIRE) -- Bullion Gold Resources Corp. (TSX-V: BGD) (“Bullion Gold” or “the Company”) is pleased to announce that it has executed a purchase and sale agreement (the “Agreement”) dated as of April 12, 2023, with Xcite Resources Inc. (“Xcite”) pursuant to which Xcite will acquire a 100% interest in the Turgeon Lake Property (the “Property”). The Property is comprised of 39 mining cells covering approximately 2,067 hectares in the Province of Quebec. Xcite previously had an option to acquire the Property from Bullion Gold pursuant to an option agreement, but the parties have agreed to replace the option agreement with the Agreement.