PRECORE GOLD CORP — M&A Activity 2025

Feb 11, 2025

DOUBLE DEUCE EXPLORATION CORP.

News Release

DOUBLE DEUCE TO COMPLETE ACQUISITION OF OPTION ON THE LAC BIG-RUSH PROPERTY

February 10, 2025 – Further to its news release of February 4, 2025, Double Deuce Exploration Corp. (CSE-DD) (the “Company”) wishes to announce that it intends to complete its acquisition of an option (the “Option”) to acquire a 100% undivided interest in the Lac Big-Rush Property, located in a highly prospective area within the Chibougamau Mining Camp of Quebec (the “Property”).

The Company has provided notice to the Canadian Securities Exchange (the “CSE”) of its intention and has posted a Notice of Proposed Issuance of Listed Securities (the “Notice”) under its profile on the CSE’s website at https://thecse.com/listings/double-deuce-exploration-corp/.

Pursuant to the policies of the CSE, the acquisition of the Option cannot close prior to five business days from the announcement of the Company’s intention to complete the transaction. Subject to the Company confirming that the CSE has not objected to the transaction within the five-business day period, the acquisition of the Option is expected to close on February 18, 2024, whereupon the Company will make the first tranche payment and issuance, respectively, of $5,000 in cash and 400,000 common shares of the Company to the vendor of the Property. The common shares issued in connection with the first tranche are subject to a statutory hold period expiring on June 19, 2025 in accordance with applicable Canadian securities laws.

For additional details regarding the Option, please refer to the Company’s news release of February 4, 2025 and the Notice.

FOR FURTHER INFORMATION PLEASE CONTACT:

Michael Dake, Chief Executive Officer
Suite 200 – 551 Howe Street, Vancouver, B.C. V6C 2C2
Email: mdake@shaw.ca
Tel: 514-994-1069

Forward Looking Statements

Certain statements in this release are forward-looking statements, which reflect assumptions related to certain factors including but not limited to, without limitations: the anticipated closing of the acquisition of the Option, if at all; that the CSE will not object to the closing of the acquisition of the Option; exploration and development risks; expenditure and financing requirements; general economic conditions; changes in financial markets; the ability to properly and efficiently staff the Company’s operations; the sufficiency of working capital and funding for continued operations; title matters; First Nations relations; operating hazards; political and economic factors; competitive factors; metal prices; relationships with vendors and strategic partners; governmental regulations and supervision; permitting; seasonality and weather; technological change; industry practices; and one-time events. Additional risks are set out in the Company’s prospectus dated April 30, 2024 and filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward looking-looking statements or forward-looking information, except as required by law.

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