Vancouver, British Columbia — April 22, 2025 — CopAur Minerals Inc. (the “Company”) (CPAU: TSX-V) is pleased to announce that together with Allegiant Gold Ltd. (the “Parties”) have signed a binding agreement to spin-out the Bolo Project (“Bolo”) into a new company (“Newco”).
The Parties have signed a binding agreement whereby they will work to either spin-out or sell the Bolo Project, located in Nye County approximately one hour from the town of Tonopah, NV to a Newco that has been identified. The Bolo Project is located in the Hot Creek Range of Nye County, Nevada, 65 kilometres east-southeast of the Round Mountain Gold Mine (see Map 1). The initial discovery was made by Allegiant in 2016 and the project was farmed out to Barrian Mining (renamed New Placer Dome) in 2018 who later merged with CopAur in 2022.
Map 1: Bolo Property and Structures
Conrad Swanson, Chairman of Copaur, stated, “We believe Bolo will be better served as the flagship project of another company—one that can dedicate the time and resources needed to maximize value for our shareholders.”
Copaur will continue with the development of Kinsley Mountain Oxide & Sulphide resource and the Troy Canyon Gold Mine, Both past producers.
About CopAur
CopAur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada. The Company is backed by a dynamic and experienced team of resource professionals advancing its projects in Nevada with the flagship project being Kinsley Mountain Gold Project, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).
On Behalf of the Board of CopAur Minerals,
Conrad Swanson, Chairman
For additional information please contact ir@copaur.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Information
This news release contains forward-looking statements. These statements relate to future events or the Company’s future performance, including the Company’s plans to settle part of the Loan principal in Debt Units and the requirement of obtaining TSXV approval. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.