Red Lake Gold Inc. Delivers Termination Notice to Earn-In Party re: Whirlwind Jack Project
Vancouver, June 8, 2022 - Red Lake Gold Inc. (CSE:RGLD)("Red Lake Gold" or the "Corporation") reports that on June 7, 2022 it delivered a termination notice to the arm's-length third-party (the "Earn-In Party") as concerns the participation right of the Earn-In Party under the previously announced agreement involving Red Lake Gold's Whirlwind Jack Project (the "Project") according to a provision pertaining to incurable material breaches. The Corporation would retain its original 100% working interest in the Project, save and except for a successful legal challenge by the Earn-In Party.
Red Lake Gold shall provide further update to shareholders on applicable developments and particulars, as and if applicable.
On Behalf of the Board of Directors
Ryan Kalt
Chairman & Chief Executive Officer
Email: info@redlakegold.ca
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
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