Toronto, Ontario--(Newsfile Corp. - April 1, 2022) - Green Panda Capital Corp. (TSXV: GPCC.P) ("Green Panda" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent dated March 15, 2022 (the "LOI") with 1301666 B.C. Ltd. ("BC Company"), a private company that holds the rights to acquire an interest in two mineral exploration properties in Nevada. The LOI outlines the principal terms and conditions of a business combination by way of a share exchange, merger, amalgamation, arrangement, takeover bid, or other similar form of transaction (the "Proposed Transaction"), which will result in BC Company becoming a wholly-owned subsidiary of Green Panda, or otherwise combining its corporate existence with a wholly-owned subsidiary of Green Panda.