Rocky Shore Gold Ltd. Completes Sale of Hemlo Area Claims to Barrick Mining Corporation for $975,000 in Cash.

Rocky Shore Gold Ltd. has closed a transaction with Barrick Mining Corporation for $975,000 in cash. The transaction includes the sale of all Ontario claims owned by the company, including those subject to an earlier option agreement. The company retains a variable-rate royalty of up to 0.50% Net Smelter Returns on the claims, with Barrick having the right to buy back 50% of the royalty by making a one-time cash payment of $500,000.