Huntington Exploration Inc. (TSXV:HEI) signed binding letter of intent to acquire Lago De Oro SA de CV from Lago de Oro LLP for $1.1 million on October 5, 2021. As of February 23, 2022. Huntington Exploration Inc. (TSXV:HEI) entered into a definitive agreement to acquire Lago de Oro SA de CV Under the binding LOI, Huntington Exploration Inc. shall pay $0.5 million cash along with issuance of 4 million shares at a deemed price of $0.20 per share.

Huntington Exploration Inc. shall also pay Net Smelter Return capped at 2% and milestone bonus payments of 2 shares per ounce of gold equivalent precious metal that is added to a geologically modeled resource from one or more deposits within El Grande. Transaction is subject to TSX Venture Exchange approval and the completion of due diligence. Bruce A Pate has been appointed as a Strategic Advisor to the Board of Huntington Exploration Inc. Closing is subject to provision of additional information to be provided within 30 days.