METALORE TO SELL EAST CEDARTREE PROJECT TO FIRST MINING GOLD CORP.

Metalore Resources Limited has announced the sale of its East Cedartree Project to First Mining Gold Corp, marking a strategic asset divestiture in the Ontario gold sector. The East Cedartree Project represents part of Metalore's portfolio rationalization as the company focuses its resources on core assets.

This transaction reflects continued consolidation activity in the Canadian gold mining sector, with First Mining Gold Corp expanding its project portfolio through strategic acquisitions. The deal allows Metalore to monetize a non-core asset while enabling First Mining to add another gold project to its development pipeline.

The acquisition demonstrates First Mining Gold Corp's continued strategy of building a diversified portfolio of gold projects across Canada. For Metalore, the divestiture provides an opportunity to focus capital and management attention on its priority projects while generating value from the East Cedartree asset.