Nevada Canyon signs LOI to acquire 1% royalty on Olinghouse Project

Nevada Canyon Gold Corp.

Signed non-binding LOI with Target Minerals to acquire 1% production royalty on Olinghouse Project, Washoe County, Nevada.
Consideration includes $200,000 cash upon definitive agreement plus $2,000,000 payable in cash or common stock.
Olinghouse Project historic resource: 695,128 oz gold at 0.0381 oz/ton (1997 Alta Gold feasibility study).
Option term of 1 year, subject to extension; definitive agreement to be negotiated within 60 days.

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