MAS Gold Corp. and Comstock Metals Ltd. Sign Definitive Agreement for MAS Gold to Acquire 100% of Comstock’s Preview SW Gold Project MAS Gold Releases Greywacke North and North Lake 2021 Mineral Resource Updates La Ronge, Saskatchewan

MAS Gold Corp. has executed a definitive agreement to acquire 100% of Comstock Metals Ltd.'s Preview SW Gold Project located in Saskatchewan's La Ronge region. The all-share transaction values the acquisition at 30 million common shares of MAS Gold, representing a strategic expansion of the company's Saskatchewan gold portfolio.

Concurrent with the acquisition announcement, MAS Gold released updated 2021 mineral resource estimates for its Greywacke North and North Lake properties. This timing suggests the company is consolidating its Saskatchewan assets while providing shareholders with comprehensive updates on its existing resource base.

The Preview SW acquisition aligns with MAS Gold's strategy of building a concentrated land package in Saskatchewan's prolific gold districts. By acquiring 100% ownership through an all-share transaction, MAS Gold avoids immediate cash outlay while expanding its exploration pipeline. The deal structure also provides Comstock shareholders with direct exposure to MAS Gold's broader Saskatchewan portfolio.

This transaction reflects continued consolidation activity in Saskatchewan's gold sector, where companies are seeking to build scale and operational synergies. The concurrent release of updated resource estimates demonstrates MAS Gold's commitment to advancing its existing projects while strategically expanding its asset base through selective acquisitions.