Sulliden Mining Capital Assigns Damara Project Agreement

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Sulliden Mining Capital Inc. (“Sulliden” or the “Company”) (TSX: SMC) announces today that it has entered into an assignment and assumption agreement with Great Quest Fertilizer Limited (TSXV: GQ) (“Great Quest”), pursuant to which it has agreed to assign (the “Assignment”) its rights and obligations set out in a share purchase and subscription agreement dated July 9, 2023, as amended (the “Agreement”). Under the Agreement, Sulliden has the right to acquire up to a 70% equity interest in a private Namibian company, which holds, either directly or through option agreements, 14 exclusive prospecting licenses representing 307,778 hectares of exploration licenses in Namibia (collectively, the “Damara Project”). For more information about the Agreement and Damara Project, please see the Company’s press release dated July 10, 2023, which is available under Sulliden’s SEDAR profile at www.sedarplus.ca.

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