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Fireweed Zinc royalty claim areas, Yukon

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Royalties.

Royalties · Yukon + Nevada · Early-stage exploration

Two Yukon royalties on Snowline Gold and Fireweed Zinc ground, alongside the Cortez Summit 5% NSR in Nevada.

2%

All-metals NSR · Snowline Gold

0.25% + 1%

Base + precious metal NSR · Fireweed Zinc

6 + 3

Royalty claim areas (Snowline + Fireweed)

5%

Cortez Summit NSR

Royalty portfolio

Centre pieces to grow from.

Carlin Gold holds two royalties in the Yukon Territory: a 2% all-metals net smelter return royalty on ground held by Snowline Gold, and a 0.25% base metal and 1% precious metal net smelter return royalty on ground held by Fireweed Zinc. Both royalty areas are at an early stage of exploration.

The Snowline Gold royalty will be added into a newly formed royalty company, Carlin Gold Royalties Spinco, which is to hold the Cortez Summit 5% NSR adjoining the Fourmile – Goldrush property boundary in Nevada. This private holding company is being prepared for distribution to shareholders; details will be released in due course. The Fireweed Zinc royalty is being evaluated for how it would add the most accretive value to shareholders.

“None of the royalties in our portfolio are for sale. They will be center pieces to grow from as we add in new projects.” — Cal Everett, Chairman

Figure 1Snowline Gold royalty: six claim areas, five to the south, east and southeast and one to the northwest of the known mineralization.

Figure 2Fireweed Zinc royalty: three claim areas to the north, northwest and east.

Royalty comparison

RoyaltyTermsCoverageStatus
Snowline Gold, Yukon2% all-metals NSRSix claim areas: five to the south, east and southeast and one to the northwest of the known mineralizationEarly-stage exploration; to be added to Carlin Gold Royalties Spinco
Fireweed Zinc, Yukon0.25% base metal NSR + 1% precious metal NSRThree claim areas to the north, northwest and eastEarly-stage exploration; being evaluated for most accretive shareholder value
Cortez Summit, Nevada5% NSRCortez Summit property, adjoining the Fourmile – Goldrush property boundaryPending; to be granted to Carlin Gold Royalties Spinco, a private holding company being prepared for distribution to shareholders

Building the portfolio

Carlin Gold will continue to build on its royalty portfolio, which could include an NSR on its 100%-owned Ivy copper project in Elko County, Nevada. A new company, Ivy Copper Corp., has been established to hold this copper-gold asset.

Technical disclosure

Royalty disclosure.

Royalty interests depend on exploration, development and production decisions made by the property operators. Both Yukon royalty areas are at an early stage of exploration.

Carlin Gold Royalties Spinco is being prepared for distribution to shareholders. Its structure and timing remain subject to the Company’s further disclosure.