Valkea Resources: A New Chapter on the TSX Venture Exchange

Valkea Resources Corp., formerly known as Outback Goldfields Corp., is set to commence trading on the TSX Venture Exchange (TSXV) under the symbol "OZ". This marks a significant milestone for the company, following its successful acquisition of a highly prospective portfolio of gold projects in Finland from S2 Resources Ltd. This strategic move positions Valkea as a key player in the global gold mining sector, with a strong focus on Finland's emerging gold mining region.

The acquisition of the Finnish gold project portfolio from S2 Resources Ltd. was completed by way of a reverse takeover transaction, which involved the acquisition of S2's wholly-owned Finnish subsidiary, Sakumpu Exploration Oy. The Transaction constituted a reverse takeover as defined by Policy 5.2 of the TSX Venture Exchange and was completed pursuant to the terms of a share purchase agreement dated May 9, 2024.

The Finnish gold project portfolio brings several strategic advantages to Valkea Resources. Finland has emerged as a globally significant region for gold mining, with Europe's largest gold producer, Agnico Eagle's Kittila mine, and one of the top-performing explorer-developers, Rupert Resources, operating in the region. Valkea's strategic properties, which include an existing discovery, provide the company with a strong foundation for growth and exploration success.

The leadership team of Valkea Resources played a crucial role in the successful completion of the acquisition. Chris Donaldson, CEO of Valkea Resources, commented, "We are extremely pleased to have secured the funds to acquire this exceptional package of gold exploration assets. Finland has emerged as a globally significant region for gold mining, and Valkea controls strategic properties with an existing discovery in this region." Mark Bennett, Executive Chairman of S2 Resources, expressed his delight in the transaction, highlighting the exceptional mineral potential of Northern Finland and the quality of Valkea's assets and team.

Valkea's future exploration plans align with its long-term goals of delivering significant shareholder value. The company aims to restart exploration on the promising ground, which has been on hold due to the COVID-19 pandemic. With a significant land position and a pipeline of prospects, Valkea is well-positioned to give the ground the attention it deserves. The company raised $5 million in a brokered private placement, demonstrating the quality of the assets and the team.

Proximity to Agnico Eagle's Kittila mine and Rupert Resources' projects facilitates Valkea's exploration and development efforts. The established mining infrastructure in the region benefits Valkea's operations and cost structure, as it can leverage existing infrastructure and resources. Exploration strategies such as systematic exploration, geophysical surveys, and drilling programs can be employed to maximize the potential for success.

In conclusion, Valkea Resources' upcoming listing on the TSX Venture Exchange marks a new chapter for the company. With a strategic focus on Finland's gold mining region, a strong leadership team, and a promising portfolio of gold projects, Valkea is well-positioned to deliver significant shareholder value in the years to come.