EXLA Resources Inc. (OTCPK:EXLA) agreed to acquire Rimrock Gold Project in Nevada from CAT Strategic Metals Corporation (CNSX:CAT) for $0.9 million on April 4, 2022. The consideration will be satisfied through the issue of 110 million shares in EXLA and $0.125 million in cash. The cash contribution shall be satisfied in two instalments with $25,000 that will be paid on completion of this agreement and $100,000 paid within sixty days of the execution of this agreement.

CAT will also be granted a 1% Net Smelter Royalty on the Property that can be purchased by EXLA for $1 million. Acceptance of the transaction may be subject to review and approval of any regulatory body that may have jurisdiction attendant to the Agreement.