Golden Pursuit Resources Ltd (GDP) Quote

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Golden Pursuit options out Stevens, BP projects
Golden Pursuit Resources Ltd (TSX:V:GDP) (OTC:FPVTF)

Shares Issued 31,364,103
Last Close 10/22/2018 $0.12
Tuesday, October 23, 2018 - News Release

Mr. Brian McClay reports

GOLDEN PURSUIT ENTERS INTO LETTERS OF INTENT WITH 1167609 B.C. LTD.

Golden Pursuit Resources Ltd. has entered into letters of intent with 1167609 B.C. Ltd. with respect to the Stevens Basin project and Black Point project, which are both located in Nevada, United States.

Pursuant to the Agreements, the Company has granted the Optionee the option to purchase a 60% interest in the Properties subject to a 2% NSR in favor of the Company and which the Optionee shall make the following payments to the Company as set out below:

SB Project

The purchase price of the SB Project is USD$750,000 and is payable on or before the commencement of commercial production. In addition, the Optionee has agreed to make the following lease payments paid in consideration of the grant and maintenance in good standing of the option to purchase: (i) USD$25,000 within 5 business days of signing the Agreement (being October 10, 2018); (2) USD$50,000 on or before the 1st and 2nd anniversary; (3) USD$75,000 on or before the 3rd and 4th anniversary; and (4) USD$100,000 before the 5th anniversary and annually thereafter.

BP Project

The purchase price of the BP Project is USD$500,000 and is payable on or before the commencement of commercial production. In addition, the Optionee has agreed to make the following lease payments paid in consideration of the grant and maintenance in good standing of the option to purchase. Upon execution of the Agreement, the Optionee shall pay to the Company (i) USD$25,000 within 5 business days of signing the Agreement (being October 10, 2018); (2) USD$25,000 on or before the 1st and 2nd anniversary; (3) USD$50,000 on or before the 3rd and 4th anniversary; and (4) USD$100,000 before the 5th anniversary and annually thereafter.

The Company continues to operate under a project generator model with a special emphasis on Nevada. The Company has a remaining large portfolio of 18 other properties located in Nevada and a property in the North West Territories which it continues to compile data from previous work and has completed geological mapping and sampling this past year which has enhanced the understanding of the mineral potential of these projects.

GOLDEN PURSUIT RESOURCES LTD.

Per: “Brian McClay”

Brian McClay, President

CONTACT INFORMATION:

Brian McClay

Email: info@Goldenpursuit.com

Tel: (604) 730-6982

Investor Relations

Terry Bramhall

Tel: (604)-833-6999

Silver Pursuit Resources New Ltd. changed to Golden Pursuit Resources Ltd.:

http://otce.finra.org/DLSymbolNameChanges

Silver Pursuit Announces the Appointment of New Director – Geologist Robert J. Casaceli of Reno, Nevada

Silver Pursuit Resources Ltd. OTC/FPVTF--TSX-V-SPF

Vancouver, British Columbia (FSCwire) - Silver Pursuit Resources Ltd. (the “Company”) is pleased to announce the appointment of Robert J. Casaceli B.A. (Geology) M.S. (Geology) of Reno, Nevada. Mr. Casaceli’s career in the mining industry spans over 44 years and has been involved in every facet of mineral exploration, He is currently a consultant to the mining industry with his principal client being Pershing Gold Corporation, whose primary project is the Relief Canyon gold mine, NV, which is now in pre-production development phase.



In recent years he has served as President & CEO of Creso Exploration Inc. (CXT:TSX.V) and as Chief Geologist, and later Chief Consulting Geologist, for Franco-Nevada Corporation, the world’s largest royalty acquisition company. In this period, he also served as President, CEO, and Director of Franc-Or Resources Corporation (a TSX resource company) for over 12 years and has been involved in the design, funding, and implementation of numerous reconnaissance and advanced-stage exploration projects, and prospect/mine evaluations in some 56 countries. He was a founding partner of the consulting firm Annapurna Exploration in 1985. having extensive experience in negotiating mining agreements and operating in several countries. He speaks fluent Spanish, French, with moderate language skills in Italian, Portuguese, and Turkish, and rudimentary communication abilities in Chinese and Russian.



He has been involved in the discovery or delineation/expansion of several mineral deposits including: Cerro Negro, Argentina; Vetas/California, Colombia ; Salsigne, France; North Standard, Nevada (Carlin-like Au;+0.5M oz mined); Summitville, Colorado (High sulfidation Au; 0.294M oz mined); El Transito, Honduras; Rio Blanco, Peru; Rico, Colorado (Porphyry/skarn Mo), Bugdainskoye, Russia (Porphyry/veins Mo,Au,Ag,W,Cu,Pb,Zn,Re); and Aimara, French Guiana (laterite/saprolite/vein/placer Au).



As President and Chief Operating Officer of Latin America Nevada (Subsidiary of Euro-Nevada Mining Corporation) for two years, his primary function was the identification and acquisition of royalty interests from mining properties located throughout Latin America and elsewhere in the world. Brian McClay, President of Silver Pursuit commented on Mr. Casaceli, saying “What best distinguishes Bob as a mining professional is his personal integrity, determination and tireless approach to the identification and development of metal mining properties, his ability to manage and motivate people in this process, and his ability to communicate difficult technical concepts to company directors and shareholders.”



Mr. Casaceli’s recent experience includes:



April 2010-Present (8 years), Consulting Geologist: Clients have included: Pershing Gold Corporation (NV), Rashleigh Mining (Peru), Buccaneer Gold Corp (NV), Xtra-Gold Resources Corp (Ghana), Creso Exploration Inc (Canada)-(President & CEO); Ironsides Operations/Anibok Invest Res; Franco-Nevada Corporation(Chief Consulting Geologist) and other financial and exploration/mining companies involving property evaluation and exploration in North, South, and Central America, Africa, Europe, Australia, and Asia.



2008-March 2010 (1.7 years), Franco-Nevada Corporation, Chief Geologist: Conducted resource property geologic and economic evaluations for royalty acquisitions around the world, principally on precious and base metal properties; also Consulting Geologist for various companies to evaluate mining and exploration properties throughout the world.



1996-2008 (12 years), Franc-Or Resources, President and CEO: Gold exploration and mining (laterite-saprolite/placer/vein) in French Guiana and gold exploration in Russia, Peru, and Nevada, USA; also venture capital investments in biotech start-ups.



1994-1995 (2 years), L.A. Nevada (Subsidiary of Euro-Nevada Mining Corporation), President/C.O.O.: Acquisition of mining royalties from properties throughout Latin America; Europe, Australia, and Indonesia.



1985-1994 (9 years), Annapurna Exploration, Owner/Partner/Consulting Geologist: Precious and base metal exploration in the U.S., Latin America, Europe, Asia, SW Pacific, and Australia.



Prior to the above Mr. Casaceli worked as a Geologist for Anaconda Minerals Inc. (7 years), US Geological Survey (2 years) and Asarco Inc. (2 years)



The Company feels that Mr. Casaceli will play a pivotal role in the development of its portfolio of properties located Nevada in 2018. The Company continues to conduct detailed work to understand and catalogue the data compiled from external sources and generated internally on the properties owned by the Company.



Except for the optioned East Bell project, all claims are owned 100% by the Company are royalty and payment free. All taxes and lease payments are fully paid for 2018. Company expects to release additional historical information on the properties as it becomes available.

Silver Pursuit Resources Ltd.


“Brian McClay”

Brian McClay, Director

Terry Bramhall
Investor Relations
Silver Pursuit Resources Ltd.
604-833-6999 Mobile
604-675-9985 Land Line
www.silverpursuit.com



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