Steppe Gold Ltd. (TSX:STGO) entered into a binding term sheet to acquire Steppe Gold Ltd. from Boroo Pte Ltd on January 22, 2024.Pursuant to the Term Sheet, Steppe Gold will acquire all of the BG Common Shares in consideration of the issuance of that number of common shares of Steppe Gold that results in Boroo Pte Ltd,directly or indirectly holding a 58.8% interest in Steppe Gold. Transaction is subject to negotiation of definitive agreements, necessary regulatory, stock exchange and court approvals, and the approval of the Proposed Transaction by the shareholders of Steppe Gold and Boroo Pte Ltd.Fasken Martineau DuMoulin LLP acted as legal advisor to Steppe Gold Ltd.