Seahawk Gold Corp. (CNSX:SHV) entered into an agreement to acquire Sama Resources Liberia Inc. from Sama Resources Inc. (TSXV:SME) for CAD 5.2 million on April 30, 2021. Seahawk will issue 8.5 million shares as consideration.

The Consideration Shares will be subject to a four month hold period from closing under applicable Canadian securities laws in addition to other resale restrictions which will apply to Sama as long as it remains a 'control person' of Seahawk. Additionally, Sama elects that the Consideration Shares be held in certificate form. Sama Resources Liberia Inc holds all rights, title and interest in Zwedru South Project, St.

John River Gold Project and the Nuon Project. The transaction is subject to various closing conditions in favour of Seahawk, including the satisfactory completion of due diligence by Seahawk, and all applicable shareholder, regulatory and stock exchange approvals for the transaction having been received by the relevant parties. Seahawk and Sama intend to discuss the potential provision of exploration and other services by Sama to Seahawk in respect of the Projects following closing, which if agreed to will be the subject of separate agreements between Seahawk and Sama.