Silverton Metals Corp. (TSXV:SVTN) entered into a letter of intent to acquire The Wholesome Organic Limited for CAD 1.6 million on July 19, 2022. Silverton has agreed to acquire all of the issued and outstanding shares of WOL and, in consideration of which, Silverton will issue to the WOL shareholders a total of 13,000,000 common shares (the "Consideration Shares") at a deemed price of CAD 0.095 per share for total consideration of CAD 1,235,000. Each of the Company and WOL have agreed to enter into a definitive agreement no later than July 31, 2022. As on August 23, 2022, Silverton entered into an agreement to acquire all of the issued and outstanding shares of WOL. Closing of the acquisition is subject to the parties completing due diligence, the entering into a definitive agreement and the acceptance of the TSX Venture Exchange. Silverton anticipates that it will close the transaction in August 2022.

Silverton Metals Corp. (TSXV:SVTN) completed the acquisition of The Wholesome Organic Limited on September 2, 2022.