Patriot Gold Vault Ltd. signed a binding letter of intent to acquire Rattlesnake Hills Gold Project from GFG Resources Inc (TSXV:GFG) for CAD 3.5 million on May 9, 2024. Patriot will acquire a 100% interest in the Project on the following terms: Cash payment of CAD 250,000 to GFG on signing of the binding LOI; Cash payment of CAD 250,000 to GFG upon the execution and delivery of a definitive agreement; On closing of the Transaction, Patriot will: Make a cash payment of CAD 1,200,000 to GFG; and Issue to GFG the greater of 3,000,000 common shares of Patriot (the ?Consideration Shares?) or $600,000 (CAD 824,406) in value of Consideration Shares based on the volume weighted average trading price of the Consideration Shares for the 20 trading days immediately preceding the Closing Date, or in the event that Patriot is not listed, the value of the Consideration Shares shall be determined by the last financing price of the Patriot shares sold to arm?s length investors to Patriot; and On the date that is 12 months following the Closing Date, Patriot will pay to GFG a cash payment of CAD 1,000,000. The closing of the Transaction is expected to occur on or about 120 days following the date of signing of the Definitive Agreement.