A2Gold Agrees to Sell Bolo Gold Project for C$1.5 Million Plus Contingent Payments

A2Gold Corp. has entered into a definitive agreement to sell its 100% interest in the Bolo Gold Project in Nye County, Nevada, to Super Gold Mining Corp. The transaction allows A2Gold to concentrate its capital and technical resources on its core Eastside and Taylor projects while maintaining exposure to the Bolo project's potential future success through stock and milestone payments.

Under the terms of the agreement, A2Gold is expected to receive C$1.5 million in Super Gold common shares at closing, alongside the replacement of approximately US$198,500 in reclamation bonding to release existing funds. The deal also includes potential milestone payments and protections regarding future development or sales.

Transaction Terms and Consideration

• Initial Shares: C$1.5 million in Super Gold common shares (3,750,000 shares at a deemed value of C$0.40 per share).
• Reclamation Bonding: Replacement of approximately US$198,500 in bonding and reimbursement of current claim maintenance fees.
• Resale Restrictions: Consideration shares are subject to contractual release tranches tied to Super Gold's future going public transaction.

Milestone and Contingent Payments

• Mineral Resource Milestones: Up to C$2.4 million based on future gold-equivalent ounces defined within two years of closing.
• PEA Payment: An additional C$400,000 upon completing a qualifying Preliminary Economic Assessment meeting specific economic thresholds.

Closing Expectations

The transaction is expected to close within the coming weeks, pending customary closing conditions, including the acceptance of replacement reclamation bonding and the approval of the transfer of the applicable Plan of Operations. Readers can verify official announcements through A2Gold Corp.'s investor relations channels or regulatory filings on SEDAR.