Alturas Minerals Corp. (TSXV:ALT) entered into a Letter of Intent to acquire Copperlode Property from Frontline Gold Corporation (TSXV:FGC) for CAD 0.06 million on February 4, 2021. Alturas Minerals Corp.

signed the definitive agreement to acquire Copperlode Property from Frontline Gold Corporation for CAD 0.06 million on August 31, 2021. Under the 50:50 Joint Venture Letter of Intent, Alturas will acquire 50% interest and explore the Copperlode Property in exchange for: (i) CAD 40,000 in cash, and (ii) issuance of 750,000 shares of Alturas, which is subject to receiving TSX-V exchange approval, for a deemed value of CAD 37,500. Alturas shall also agree to fund 50% of the Orix Geoscience Inc. – Scope of Work – Copperlode Proposal entered into by Frontline.

Alturas will also be responsible for 50% of all current and future property expenditures on the Copperlode property. The transaction is subject to approval of TSXV. As of August 25, 2021, TSX Venture Exchange has conditionally approved the transaction.

A definitive agreement will be created in a form that is customary for transactions of this nature.