TRU Precious Metals Corp V.TRU

RE:Today

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Fredericton, New Brunswick – January 7, 2021 – TRU Precious Metals Corp. (TSXV: TRU) (OTCQB:TRUIF) (“TRU” or the “Company”) is pleased to announce that it has entered into a binding term sheet with a subsidiary of TSX-listed Altius Minerals Corporation (TSX:ALS) (“Altius”) for the option (the “Option”) to purchase Altius’ Golden Rose project located in the southwestern portion of the Central Newfoundland Gold Belt (the “Golden Rose Project”).

TRU Co-Founder and CEO Joel Freudman commented: “We are thrilled to be partnering with Altius to explore and develop the Golden Rose Project. This partnership is consistent with our communicated strategy to build towards a district-scale presence in central Newfoundland.”
 
The Golden Rose Project is a regional-scale land package covering 105 kilometres squared (km²) within the Valentine Lake structural corridor, and is easily accessible via provincial highway and forest access roads. It is located between Marathon Gold Corp.’s (“Marathon”) Valentine Gold Project to the northeast, where Marathon has reported 3.09 million ounces (Moz.) Measured and Indicated gold (Au) resources (comprised of 54.9 million tonnes (Mt) at 1.75 grams per tonne (g/t) Au) + 0.96 Moz. Inferred Au resources (16.8 Mt at 1.78 g/t Au)⁽¹⁾, and Matador Mining’s Cape Ray Gold Project to the southwest, which also has a known gold deposit.⁽²⁾