Pambili Natural Resources Corporation (TSXV:PNN) signed a share purchase agreement to acquire Golden Valley Gold Mine for CAD 1.21 million on November 23, 2023. The consideration consists of 19 million common equity of Pambili Natural Resources Corporation and a cash consideration of CAD 0.068 million. Pambili will also issue the Vendors with nine million, five hundred thousand (9,500,000) 5-year warrants, exercisable at CAD 0.05, and nine million, five hundred thousand (9,500,000) 5-year warrants exercisable at CAD 0.10 (the ?Acquisition Warrants?), to be issued directly to the vendors on a prorated, individual basis. The cash consideration will be held in escrow. The balance of the Cash Consideration will be distributed to the individual Vendors according totheir legitimate instructions within ten (10) days of the receipt of the final assessment of their tax position by the Zimbabwe Revenue Authority (?ZIMRA?), and after any taxes owed by any of the Vendors are paid to ZIMRA by Pambili out of the escrowed cash consideration.

The acquisition has been conditionally approved by the TSX Venture Exchange.