Winmar Resources Ltd. announced that it has closed on its agreement with CBLT Inc. announced December 8, 2017, to acquire rights to three blocks of mining claims covering 2,240 ha within the historic high-grade silver-cobalt mining district of Cobalt-Gowganda in eastern Ontario, Canada. The three claim blocks are located peripheral to a cluster of former high-grade silver-cobalt mines at Gowganda, 85km northwest of Cobalt, which operated from 1910 to 1989. Production from this region to the end of 1969 was 60.2 million ounces of silver and 1.3 million pounds of cobalt, although the focus of mining was silver and much cobalt was left unmined. Under the agreement between Winmar and CBLT: Winmar delivered an initial deposit of AUD 15,000 to CBLT to be credited against the purchase price of the Bloom Lake claim block on closing; Winmar purchased the Bloom Lake claim block from CBLT for a consideration of AUD 50,000 cash (less the deposit) plus AUD 50,000 in Winmar shares issued to CBLT at a price of AUD 0.003, which was the price of Winmar shares when the agreement was made; Winmar paid AUD 20,000 in cash to CBLT for which Winmar acquired a 12 month option to purchase either or both the United Reef claim block and the Calcite Lake claim block; Winmar can exercise the option to purchase either or both of the United Reef and Calcite Lake claim blocks by paying to CBLT AUD 50,000 cash per claim block and AUD 50,000 in Winmar shares per claim block at a share price equal to the 10 day VWAP (volume weighted average price) determined on the day the options are exercised. The issue price of such shares will be not less than AUD 0.003 per share.