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Carlyle Issues Quesnel Property Option Shares and Acquires Quesnel Gold Property

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Carlyle Commodities Corp. has completed the acquisition of a 100% interest in the Quesnel Gold Project in central British Columbia by issuing 2,000,000 common shares at $0.05 per share to Divitiae Resources The property spans 1,607.34 hectares and is located 30 kilometers northeast of Quesnel. The deal includes a 2% net smelter return royalty retained by Divitiae Resources, with Carlyle having the option to purchase 1% of the royalty for $1,000,000. The project benefits from strategic positioning within the Quesnel Trough, proximity to main highways and power lines, enabling year-round operations.

Carlyle Commodities Corp. ha completato l'acquisizione di un interesse del 100% nel Quesnel Gold Project nella Columbia Britannica centrale, emettendo 2.000.000 azioni ordinarie a $0,05 per azione a favore di Divitiae Resources. Il terreno si estende su 1.607,34 ettari ed è situato a 30 chilometri a nord-est di Quesnel. L'accordo include un royalty del 2% sulla produzione netta trattenuta da Divitiae Resources, con Carlyle che ha l'opzione di acquistare l'1% del royalty per $1.000.000. Il progetto beneficia di una posizione strategica all'interno del Quesnel Trough, della vicinanza alle principali autostrade e linee elettriche, permettendo operazioni durante tutto l'anno.

Carlyle Commodities Corp. ha completado la adquisición de un 100% de interés en el Quesnel Gold Project en la Columbia Británica central al emitir 2.000.000 de acciones ordinarias a $0,05 por acción a Divitiae Resources. La propiedad abarca 1.607,34 hectáreas y se encuentra a 30 kilómetros al noreste de Quesnel. El acuerdo incluye un royalty del 2% sobre el retorno neto de fundición que retiene Divitiae Resources, y Carlyle tiene la opción de comprar el 1% del royalty por $1.000.000. El proyecto se beneficia de una ubicación estratégica dentro del Quesnel Trough, así como de la cercanía a las principales carreteras y líneas de energía, lo que permite operaciones durante todo el año.

Carlyle Commodities Corp.는 Divitiae Resources에 200만 주의 보통주를 주당 $0.05에 발행하여 중심 브리티시 컬럼비아의 Quesnel Gold Project에 대한 100% 지분 인수를 완료했습니다. 이 소유지는 1,607.34 헥타르에 걸쳐 있으며 Quesnel에서 북동쪽으로 30킬로미터 떨어져 있습니다. 이 거래에는 Divitiae Resources가 보유한 2%의 순 제련 수익 로열티가 포함되며, Carlyle은 $1,000,000에 로열티의 1%를 구매할 수 있는 옵션이 있습니다. 이 프로젝트는 Quesnel Trough 내의 전략적 위치와 주요 도로 및 전력선과의 근접성 덕분에 연중 무휴 운영이 가능합니다.

Carlyle Commodities Corp. a complété l'acquisition de 100% des intérêts dans le Quesnel Gold Project dans le centre de la Colombie-Britannique en émettant 2.000.000 d'actions ordinaires à 0,05 $ par action à Divitiae Resources. La propriété s'étend sur 1.607,34 hectares et est située à 30 kilomètres au nord-est de Quesnel. L'accord comprend une redevance de 2% sur le retour net de fonderie retenue par Divitiae Resources, avec la possibilité pour Carlyle d'acheter 1% de la redevance pour 1.000.000 $. Le projet bénéficie d'un positionnement stratégique dans le Quesnel Trough, à proximité des principales autoroutes et lignes électriques, permettant des opérations tout au long de l'année.

Carlyle Commodities Corp. hat die Übernahme eines 100% Anteils am Quesnel Gold Project in der zentralen britischen Kolumbien abgeschlossen, indem sie 2.000.000 Stammaktien zu je 0,05 $ pro Aktie an Divitiae Resources ausgegeben hat. Das Grundstück erstreckt sich über 1.607,34 Hektar und befindet sich 30 Kilometer nordöstlich von Quesnel. Das Geschäft beinhaltet eine 2%ige Nettorechtsabgabe, die von Divitiae Resources einbehalten wird, wobei Carlyle die Option hat, 1% der Rechtsabgabe für 1.000.000 $ zu kaufen. Das Projekt profitiert von einer strategischen Lage innerhalb des Quesnel Trough, der Nähe zu Hauptverkehrsstraßen und Stromleitungen, was eine ganzjährige Betriebsführung ermöglicht.

Positive
  • Strategic acquisition of 100% interest in the Quesnel Gold Project
  • Property has year-round accessibility with existing infrastructure
  • Option to reduce royalty burden by 50% for $1M
  • Located in established mining region within Quesnel Trough
Negative
  • Share dilution through issuance of 2M new shares
  • 2% royalty obligation on future production
  • Additional $1M capital required to reduce royalty burden

Vancouver, British Columbia--(Newsfile Corp. - November 29, 2024) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTC Pink: CCCFF) ("Carlyle" or the "Company") announces that, further to its news release dated September 27, 2024, it has issued 2,000,000 common shares (each, a "Share") at a deemed price of $0.05 per Share to Divitiae Resources Ltd. (the "Optionor"), pursuant to the Company's recently announced option to purchase an undivided 100% right, title and interest in certain mining claims (the "Option") in the Quesnel Terrane in central British Columbia (the "Quesnel Gold Project"), subject to a 2% net smelter return royalty to be retained by the Optionor. Pursuant to the terms of the Option, Carlyle may, at any time, purchase 1% of the royalty on the Quesnel Gold Project from the Optionor for a cash payment in the aggregate amount of $1,000,000. The Company, having satisfied the terms of the Option, has acquired an undivided 100% right, title and interest in the Quesnel Gold Project.

The Quesnel Gold Project is located in the Cariboo Mining Division, 30 kilometers northeast of Quesnel in Central British Columbia covering 1,607.34 hectares, proximal to main highways and power lines facilitating year-round access and workability. The Quesnel Gold Project is situated within the Quesnel Trough within a subdivision of the Intermountain Tectonic Belt, and on trend with the historic "G-South" historical gold resource.

All securities issued in connection with the Option will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45‐102 - Resale of Securities.

About Carlyle

Carlyle is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Carlyle owns 100% of the Newton Project in the Clinton Mining Division of B.C. and is listed on the Canadian Securities Exchange under the symbol "CCC", on the OTC Market under the ticker "CCCFF", and the Frankfurt Exchange under the ticker "BJ4".

ON BEHALF OF THE BOARD OF DIRECTORS OF

CARLYLE COMMODITIES CORP.

"Morgan Good"

Morgan Good
Chief Executive Officer

For more information regarding this news release, please contact:

Morgan Good, CEO and Director

T: 604-715-4751
E: morgan@carlylecommodities.com
W: www.carlylecommodities.com

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231998

FAQ

What is the size of the Quesnel Gold Project acquired by Carlyle Commodities (CCCFF)?

The Quesnel Gold Project covers 1,607.34 hectares in the Cariboo Mining Division of Central British Columbia.

How many shares did Carlyle Commodities (CCCFF) issue for the Quesnel Gold Project?

Carlyle issued 2,000,000 common shares at a deemed price of $0.05 per share to Divitiae Resources

What is the royalty structure for the Quesnel Gold Project acquired by CCCFF?

The project carries a 2% net smelter return royalty, with Carlyle having the option to purchase 1% of the royalty for $1,000,000.

Where is the Quesnel Gold Project located relative to Quesnel, BC?

The Quesnel Gold Project is located 30 kilometers northeast of Quesnel in Central British Columbia.

CARLYLE COMMODITIES CORP

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