Fuerte Metals Corporation has entered into a definitive agreement to acquire the Coffee Gold Project (“Coffee”) in Canada’s Yukon Territory from Newmont Corporation (“Newmont”) for upfront consideration of US$10 million in cash and US$40 million in common and preferred shares (22,729,126 common shares and 10,842,989 preferred shares of Fuerte). In addition, Fuerte will grant Newmont a 3 percent NSR on Coffee, which can be repurchased for US$100 million at anytime up to one year after announcing commercial production. The total consideration for the acquisition is up to US$150 million.

Trinity Advisors Corporation is acting as financial advisors to Fuerte. Borden Ladner Gervais LLP is acting as legal counsel.

BMO Capital Markets acted as financial adviser and Goodmans LLP acted as legal adviser to Newmont.