Monster Exploration entered into a letter of intent to acquire Anik Project from Kintavar Exploration Inc. (TSXV:KTR) for CAD 5 million on January 24, 2019. The consideration for the Anik Transaction will be CAD 5 million, payable by the issuance to Kintavar of common shares of Monster Exploration, at a deemed price per share equal to the Financing price, at the closing of the Anik Transaction Monster will also acquire related assets and liabilities comprising Anik, including: (i) the right of Société de Développement de la Baie James ("SDBJ") to be granted a 0.1% net smelter return royalty affecting Anik, which may be purchased for CAD125,000, the whole pursuant to the terms and conditions of a financing agreement entered into between Innord Inc., a subsidiary of Géomega Resources Inc., and SDBJ and (ii) the right of Administration Régionale Baie-James ("ARBJ") to be granted a 0.1% net smelter return royalty affecting Anik, which may be purchased for CAD125,000, the whole pursuant to the terms and conditions of a financing agreement entered into between Innord Inc. and ARBJ. The transaction is subject to the approval of the TSXV and completion of financing.