Mineral Hill Industries Ltd. (TSXV:MHI) acquired 20% stake in Dot-Apex Claim Group from Cardinal Geoconsulting Ltd. for CAD 0.03 million on September 7, 2021. Mineral Hill Industries Ltd. (TSXV:MHI) entered into a definitive earn-in option agreement to acquire up to a 100% interest in the Dot-Apex Claim Group from Cardinal Geoconsulting Ltd. on December 24, 2022. The Company exercised its option to acquire an initial 20% interest in the Apex claims by paying the owner CAD 10,000 cash, funding CAD 84,728 of exploration expenditures and issuing 100,000 common shares of the Company for CAD 0.225 per share for a total value of CAD 22,500. Subject to the Company having exercised the First Apex Option, the Owner will grant the Company a second option to acquire a further 80% interest in the Apex Claims, bringing its total earned interest from 20% to 100%, by: (a) paying to the Owner CAD 15,000 cash; (b) issuing 150,000 common shares to the Owner; and (c) incurring or funding CAD 125,000 of exploration expenditures on the Apex Claims before the second anniversary of the Effective Date. As at September 30, 2022, the Company had not exercised its second option to acquire a further 80% interest in the Apex Claims. The Owner will retain a 2% net profit interest royalty on the Apex Claims.

Mineral Hill Industries Ltd. (TSXV:MHI) completed the acquisition of 20% stake in Dot-Apex Claim Group from Cardinal Geoconsulting Ltd. on September 7, 2021.