| Vancouver, BC, February 27, 2025. Origen Resources Inc. (the “Company” or “Origen”) (CSE:ORGN; FSE:4VXA) announces that it has agreed to amend the terms of the Broken Handle Property option agreement (See press release dated January 14, 2021) with Hawthorn Resources Corp. (“Hawthorn” or “the Optionee”) whereby Hawthorn may acquire a 75% interest in the Broken Handle project located 50km north of Grand Forks, BC. Under the original terms, in order to earn a 75% interest in the Broken Handle property (subject to a 1.5% NSR), Hawthorn was required to make aggregate cash payments of $250,000, issue an aggregate of 1,000,000 common shares and incur $500,000 in work commitments over three years. Under the amended terms the aggregate cash payments have been increased to $263,000, and aggregate shares issuable have been decreased to 900,000 common shares. In order to earn a 75% interest, the Optionee must satisfy the remaining option obligations as follows: · Pay $43,000 cash due February 22, 2025 (paid) and $40,000 cash and 150,000 shares due August 22, 2025 (under the original agreement $70,000 cash and 250,000 shares was due February 22, 2025). · Pay $80,000 cash and 400,000 shares by August 22, 2026 (under the original agreement this payment was due February 22, 2026). · Complete $400,000 in exploration expenditures required to be spent by August 22, 2026 (under the original agreement these were due February 22, 2026). · $30,000 of additional exploration expenditures are required to be completed by October 1, 2025 to keep the property tenures in good standing for a further year with the BC Mineral Titles office. |
