Gold Hunter Resources Inc. (CNSX:HUNT) entered into a property purchase agreement to acquire 100% stake in Painted Dory & Woodstock Projects from Puddle Pond Resources Inc. for CAD 0.2 million on July 12, 2023. The consideration consists of 750,000 common shares and the payment of CAD 75,000 to Puddle Pond or their nominees. The shares and cash will be issued to Puddle Pond as follows: half of the shares and cash on Closing, with the other half of the cash due within 90 days of Closing, and the other half of the shares to be issued on the date that is four months and a day from Closing.

Gold Hunter is also pleased to announce a non-brokered private placement to finance the purchase of the Acquisition Properties. Puddle Pond will retain a 2% net smelter returns royalty (NSR) on the Puddle Pond Property. The Company holds the right to buy back 50% of this NSR at any time for CAD 1.5 million.

In addition, the Company holds a right of first refusal in connection with any proposed sale or transfer of the NSR by Puddle Pond. Kluane Capital Corp. acted as financial advisor to the buyer.

The Company has agreed to pay Kluane a finder's fee in connection with the Acquisition Properties of up 77,500 common shares of the Company (the "Finder's Shares"). The Finder's Shares will be issued upon Closing, subject to regulatory approval and closing of the purchase of the Acquisition Properties and are subject to a statutory hold period of four months and a day from Closing.