VANCOUVER, BRITISH COLUMBIA – April 3, 2025 – TheNewswire - Boksburg Ventures Inc. (the “Company” or “Boksburg”) a reporting issuer in British Columbia, is pleased to announce that it has entered into a  a property option agreement dated March 31, 2025 (the “Option Agreement”), with an arm’s length optionor (the “Optionor”). The Option Agreement grants the Company an option (the “Option”) to acquire an undivided 100% registered and beneficial right, title and interest in and to mineral claim number 1067785, located approximately 40 km south of Smithers, British Columbia in the Omineca Mining Division (the “Property”) in return for making the following cash payments, common share issuances and work expenditures:

 

Due Date	Share Payments	Cash Payment	Work Expenditures
On signing the Option Agreement (completed)	1,750,000	$5,000	-
On or before December 31, 2025	-	-	$155,000
On or March 31, 2026	-	$5,000	-
On or before December 31, 2026	-	-	$200,000
On or before June 1, 2027	1,000,000	-	-
Total	1000000	10000	355000

 

The share payment was done at a deemed price of $0.05 per share. Upon the Company earning a 100% interest in and to the Property, the Optionor will retain a net smelter return royalty on the Property (the “NSR Royalty”). The Company shall have the right to repurchase one-half of the NSR Royalty for $1,000,000 at any time within five (5) years following the date it earns its interest in the Property.

 

All security issuances will be subject to a statutory hold period of 4 months and one day from issuance in accordance with Canadian securities laws. In addition, the securities issued upon signing the Option Agreement were also subject to a 24-month voluntary escrow. No finders’ fees were paid on this arm’s length Option Agreement.

 

The Loljuh Property, Omineca Mining Division, British Columbia

 

The Property consists of one claim covering a surface of 1,656.73 hectares in the Omineca Mining Division of Central British Columbia, Canada, 40 km south of the community of Smithers or 29 km west of the community of Houston.

 

The Property is a grassroot property which lies within the highly prospective Skeena Arch, an uplifted northeast trending belt representing a long-lived magmatic arc that produced a wide variety of mineral deposits and transects central British Columbia. The Skeena Arch represents some of the most richly endowed terrane in British Columbia.  

  

On behalf of the Board of Directors of:

 

Boksburg Ventures Inc.

 

“Eugene Beukman”

 

Eugene Beukman

Director & CEO

Phone: (604) 687-2038

 

This news release contains forward-looking statements within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on expectations, estimates and projections as at the date of this news release and include, without limitation, statements regarding: the Option Agreement and the Company’s ability to earn a 100% interest in the Property; future share issuances, cash payments and work expenditures; the potential repurchase of a portion of the NSR Royalty; and the geological prospectivity of the Property and surrounding region.

These forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: the ability of the Company to meet its obligations under the Option Agreement; receipt of all necessary regulatory approvals; changes in economic or market conditions; and general exploration risks related to early-stage mineral properties.

Forward-looking statements are based on a number of assumptions which may prove to be incorrect, including assumptions about the Company’s ability to raise sufficient capital to fund its obligations under the Option Agreement and conduct planned exploration activities; the reliability of historical information; and current and future exploration plans and objectives.

 

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law. For further information on risk, investors are advised to see the Company’s MD&A and other disclosure filings with the regulators which are found at www.sedarplus.ca.