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July 30, 2024

TRU Precious Metals Signs Option Agreement with Eldorado Gold

TRU Precious Metals Corp. (TSXV:TRU) has granted Eldorado Gold Corporation (TSX:ELD; NYSE:EGO) an exclusive option to earn an 80% ownership interest in TRU’s Golden Rose Project in Central Newfoundland. To exercise the option, Eldorado will be required to make cash payments to TRU totalling $8,250,000 and fund exploration expenditures in the aggregate amount of $7,000,000 over the five-year life of the option. The completion of the option grant is subject to final approval of the TSXV.

Wildeboer Dellelce LLP acted for TRU in connection with the option agreement with a team comprised of Michael Rennie, Al Wiens and Carlye Bellavia (Corporate & Commercial; Mergers & Acquisitions; Mining, Energy & Natural Resources).