GGL Resources Corp. announced the sale of its 100% owned McConnell Copper-Gold property located in north-central BC to Westkam Gold Corp. Under the terms of the July 18th, 2023 property sales agreement, Westkam will acquire a 100% interest in the McConnell property by issuing common shares to GGL equal to 19.99% of the issued and outstanding common shares of Westkam upon completion of a concurrent financing.

As additional consideration for the sale of the property to Westkam, GGL will retain a 2% net smelter return royalty in future commercial production from the McConnell property. This royalty is not subject to a buy-back option or other similar rights.