Nevada Canyon Gold signs option to acquire 1% royalty on Olinghouse Project for up to $2M

Nevada Canyon Gold Corp.

Initial $200,000 cash option payment made; $2M purchase price in cash or 2M shares based on VWAP above/below $1.25.
Olinghouse Project has historic resource of 695,128 oz gold (0.0381 oz/ton) from 1997 Alta Gold feasibility study.
Option term is 1 year, extendable; current owner Lake Mountain Mining LLC plans to review financing for restart.
CEO Jeffrey Cocks says this royalty is a significant milestone for building Nevada Canyon's royalty inventory.

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