Romios Gold Resources Inc. Announces Sale of Select Golden Triangle British Columbia Claim Blocks to Galore Creek Mining Corporation

Rhea-AI Summary

Romios Gold Resources (OTC:RMIOF) has announced the sale of five claim blocks in British Columbia's Golden Triangle region to Galore Creek Mining Corporation (GCMC). The transaction includes the Boulder, JW West, Porc, North East, and North West Claim Blocks.

The deal terms include CAD $100,000 in cash consideration and up to 2% Net Smelter Return (NSR) royalty on each claim block. GCMC, a joint venture between Newmont Corporation and Teck Resources, has the option to reduce the NSR through three buy-back provisions: 0.5% for $1M, another 0.5% for $1M, and a final 0.5% for $3M, potentially reducing the NSR to 0.5%.

The sale aligns with Romios Gold's strategic review to focus on core assets, particularly the Trek South Prospect.

Positive

• Immediate cash proceeds of CAD $100,000
• Potential future revenue through 2% NSR royalty on each claim block
• Strategic focus on core assets including Trek South Prospect
• Partnership with major mining companies through GCMC (Newmont and Teck JV)

Negative

• Reduction in company's land package holdings
• NSR royalty can be significantly reduced through buy-back provisions

Toronto, Ontario--(Newsfile Corp. - July 10, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC PINK: RMIOF) (FSE: D4R) ("Romios Gold") is pleased to announce that it has sold five claim blocks from its land package in the Golden Triangle region of northern British Columbia to Galore Creek Mining Corporation ("GCMC").

The transaction comprises the following five claim blocks: the Boulder, JW West, Porc, North East, and North West Claim Blocks (see Map #1 below). As consideration for the sale, Romios Gold will receive $100,000 CAD and a Net Smelter Return (NSR) royalty of up to 2% on each individual claim block.

Under the terms of the agreement, GCMC, the operator of a 50:50 joint venture between Newmont Corporation and Teck Resources Limited, retains the right to purchase portions of the NSR as follows:

1. First Royalty Buy-Back: 0.5% of the NSR for $1,000,000, reducing the NSR to 1.5%;
2. Second Royalty Buy-Back: An additional 0.5% for $1,000,000, reducing the NSR to 1.0%;
3. Third Royalty Buy-Back: A final 0.5% for $3,000,000, reducing the NSR to 0.5% (the "Remaining NSR").

"Romios is currently undergoing an internal review to prioritize our core assets for future exploration, with renewed emphasis on advancing our Trek Project and in particular the large-scale Trek South Prospect in the Golden Triangle," said Kevin M. Keough, CEO of Romios Gold. "As part of this process, we identified these claim blocks as non-core and negotiated their sale with the GCMC team. We look forward to sharing further details on our strategic plans as they are finalized."

Map #1 - Location of the 5 claim blocks included in the transaction with GCMC

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About Romios Gold Resources Inc.:
Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British Columbia. Additional interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane Trend covering numerous Au-Ag-Cu workings, and the Scossa mine property in the Sleeper Trend which is a former high-grade gold producer. The Company retains an ongoing interest in several properties including a 2% NSR on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead Resources Inc. ("Copperhead") whereby Copperhead can acquire a 75% ownership interest in Romios' Red Line Property in BC.

For more information, please click here for Romios' website.

This News Release contains forward-looking statements which are typically preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Kevin Keough, CEO - (613) 219-9317 or kkeough@romios.com

Stephen Burega, President - (647) 515-3734 or sburega@romios.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258327

FAQ

What assets did Romios Gold (RMIOF) sell to Galore Creek Mining Corporation?

Romios Gold sold five claim blocks in the Golden Triangle region of British Columbia, including the Boulder, JW West, Porc, North East, and North West Claim Blocks.

How much will Romios Gold receive from the claim blocks sale?

Romios Gold will receive CAD $100,000 in cash and up to 2% Net Smelter Return (NSR) royalty on each individual claim block.

What are the NSR buy-back terms in the Romios Gold claim sale?

GCMC can buy back the NSR in three stages: 0.5% for $1M, another 0.5% for $1M, and a final 0.5% for $3M, potentially reducing the NSR to 0.5%.

Why did Romios Gold sell these claim blocks?

The sale is part of Romios Gold's internal review to prioritize core assets, with renewed focus on advancing their Trek Project, particularly the Trek South Prospect.

Who owns Galore Creek Mining Corporation?

Galore Creek Mining Corporation (GCMC) is a 50:50 joint venture between Newmont Corporation and Teck Resources Limited.