Gold'n Futures Mineral Corp. reported that Argonaut Gold Inc. and the Company have amended the option agreement respecting the Hercules gold property (Property). Under the amended terms of the Option, the Company has restructured and deferred future payments to be made to Argonaut and exploration obligations against the Property.

Under the restated terms, Gold'n Futures has the option to acquire, on or before June 30, 2025 an initial 50% Earned Interest in the Property by: paying to Argonaut $3,500,000 of which the Company has paid $1,250,000 in cash by incurring further Exploration Expenditures of $6,500,000 on the Property; and granting a one percent Royalty on the following schedule: the Company will make cash option payments to Argonaut of: $400,000 which must be paid before April 1, 2023; $600,000 which must be paid before September 1, 2023; $500,000 which must be paid before January 31, 2024; and $750,000 which must be paid before June 30, 2024. All payments shall be made in cash or, at the sole discretion of Argonaut, in common shares of Gold'n Futures such number of common shares issuable to Argonaut being equal to the applicable payment amount divided by the 5 day VWAP immediately prior to the date of payment; the Company will incur or fund the Exploration Expenditures aggregating not less than $6,500,000 on the Property, of which an amount of: $1,500,000 must be incurred or funded before June 30, 2023; $2,000,000 must be incurred or funded before June 30, 2024; and $3,000,000 must be incurred or funded before June 30, 2025. Subject to Gold'n Futures having exercised the First Option, Argonaut has also granted to the Company the Second Option to increase its interest by acquiring a further 40% Earned Interest in the Property bringing its total Earned Interest to 90% by paying to Argonaut an additional amount of $5,000,000, in cash or, at the sole discretion of Argonaut, Gold'n Futures common shares, and by delivering a NI43-101 compliant pre-feasibility study on the Property on or before December 31, 2027.