Canamex Resources Corp. and Patriot Gold Corp. have signed a letter of intent whereby Canamex Resources will purchase Patriot Gold's remaining 30% working interest in the Bruner gold/silver mine for USD 1.0 million plus the retention by Patriot of a 2% net smelter returns royalty. The consideration will consist of either all cash or a combination of cash and shares, to be agreed to by both parties, but with the share component not to exceed 9.9% of the issued and outstanding shares of Canamex. Additionally, Canamex will have the option to buy-down half of the NSR royalty retained by Patriot for USD 5 million any time during a 5-year period following closing of the purchase and sale agreement. Closing of the transaction is subject to the negotiation and completion of a Purchase and Sale Agreement by both parties, board approval, satisfactory due diligence, and customary stock exchange approval, and is expected to finalize within a month.