Optimum Ventures Ltd. (TSXV:OPV) entered into a share exchange agreement to acquire 1309762 B.C. Ltd. for CAD 0.75 million on November 24, 2022. 1309762 B.C. Ltd. owns 19 contiguous mining claims forming the Salmon Property covering approximately 208 hectares in the Hyder Mining District situated in southeastern Alaska. Under the terms of the Agreement, the shareholders of Vendor will exchange all of the issued and outstanding shares of Vendor to the Company in exchange for 3,000,000 Optimum Shares at a deemed value of the Discounted Market Price (as such term is defined in the TSXV Corporate Finance Manual) per Optimum Share. Closing of the Transaction is subject to a number of conditions including the approval of the TSXV and completion of a technical report prepared in compliance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The Transaction is an arms length transaction for purposes of the policies of the TSXV and the Company expects that the Transaction will meet the criteria of an "Expedited Acquisition" pursuant to Policy 5.3 – Acquisitions and Disposition of Non-Cash Assets of the Corporate Finance Manual. In connection with the Transaction and as consideration for the benefit provided by 1330841 BC Ltd. (the “Finder”) in identifying and introducing to the Company the opportunity to acquire all of the issued and outstanding shares of the Vendor, the Company agreed to pay the arms length Finder a finder's fee consisting of 150,000 common shares of Optimum (the “Finder's Shares”) to the Finder subject to the approval of the TSXV. The Optimum Shares and any Finder's Shares issuable in connection with the Transaction will, upon closing, be subject to a statutory four month and one day hold period from the closing date.

Optimum Ventures Ltd. (TSXV:OPV) acquired 1309762 B.C. Ltd. on December 14, 2022.