VANCOUVER, BRITISH COLUMBIA – December 27, 2017 – Copper Creek Gold Corp. (the “Company”) announces that further to the Company’s news release dated November 14, 2017 and further to the TSX Venture Exchange’s (“Exchange”) conditional acceptance letter dated December 1, 2017, the Company has closed its property transaction whereby the Company has entered into a property option agreement with Eastfield ResourcesLtd. (“Eastfield”) dated November 14, 2017 (the Agreement”). The Company may earn an undivided 60% interest in seven mineral tenure covering 2,418 hectares (5,972 acres) located approximately 80 km northeast of the town of Quesnel, BC and 20 km north of the historic gold mining towns of Wells and Barkerville (the “Property”), subject to final Exchange approval.
Pursuant to the terms of the Agreement, the Company may exercise the option as follows:
(a) by making payments to the Eastfield as follows:
(i) $20,000 immediately upon execution of the Agreement; and
(ii) $20,000 on the first anniversary of the date of the Agreement;
(iii) $30,000 on the second anniversary of the date of the Agreement;
(iv) $55,000 on the third anniversary of the date of the Agreement;
(v) $100,000 cash and $50,000 to be paid in equivalent shares or cash on the fourth anniversary of
the date of the Agreement; and
(vi) $125,000 cash and $100,000 to be paid in equivalent shares or cash on the fifth anniversary of
the date of the Agreement.
(b) Incurring Exploration Expenditures on the Property as follows:
(i) $100,000 to be spent by the first anniversary of the date of the Agreement;
(ii) an additional $300,000 to be spent by the second anniversary of the date of the Agreement;
(iii) an additional $500,000 to be spent by the third anniversary of the date of the Agreement;
(iv) an additional $600,000 to be spent by the fourth anniversary of the date of the Agreement; and
(v) an additional $1,000,000 to be spent by the fifth anniversary of the date of the Agreement.
A finder’s fee of 100,000 shares will be paid on behalf of the transaction. The 100,000 shares to be issued are subject to a four month and a day hold period expiring on April 28, 2018. The Company also reports that it has filed its technical report entitled NI 43‐101 Report on the Hedge Hog Property, Cariboo Mining Division, dated November 15, 2017. The Report has been prepared in accordance with National Instrument 43‐101 and can be found on SEDAR at www.sedar.com.
About Copper Creek Gold:
The Company is a Canadian‐based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Western Canada.
ON BEHALF OF THE BOARD
Tim Fernback, Director
FOR FURTHER INFORMATION CONTACT
Gordon Jung Chief Executive
Officer Tel: 604‐786‐3255
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 release.
This news release may contain forward‐looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward‐looking. Forward‐looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward‐looking statements.