Goldrea Resources options Hanstone’s Snip North property, British Columbia

Goldrea Resources Corp. [CSE: GOR; FSE: GOJ1; OTC Pink: GORAF] reported the execution of an option agreement dated September 29, 2025 between the company and Hanstone Gold Gorp. [TSXV: HANS; OTC: HANCF] whereby Goldrea can acquire 70% of Hanstone’s Snip North property in northwestern British Columbia, in an area known as the Golden Triangle.

Contiguous to Goldrea’s Cannonball property, the property consists of 3,400 hectares which will bring Goldrea’s mineral land package to a total of 8,500 hectares (if the option for the property is exercised). The south border of the property adjoins boundary of Seabridge Gold’s Iskut property which includes the recently discovered Snip North porphyry prospect and the Bronson Slope porphyry deposit and also surrounds the former Snip Gold Mine.

To earn a 70% interest in the property, the company must incur exploration expenditures of $1.25 million over four years, specifically $100,000 annually by September 30 for the first three years and $950,000 in the fourth year. Moreover, as a condition of the agreement, Goldrea has applied $100,000 of their 2025 exploration expenditures to the property to keep it in good standing to November 30, 2026. Upon earning its 70% interest, Goldrea will automatically enter into a joint venture with Hanstone with respect to the property, with Goldrea being the initial operator of the joint venture. A finder’s fee will be paid in accordance with CSE regulations for the option agreement transaction.

Jim Elbert, CEO, stated, “The joint venture with Hanstone Gold on their Snip North property is a major addition to Goldrea’s holdings in the increasingly important Golden Triangle. Work to date on Goldrea’s holdings have identified multiple promising targets. Robust gold and copper markets should help the company raise financing for a major exploration program in 2026.”