Galore Resources Inc. has confirmed that the June 7, 2011, assignment agreement for the Los Gemelos I and Duende 7 concessions is valid, binding, and enforceable under Mexican law, following its official recording in the Public Registry of Mines.

The registration resolves an ownership status issue from June 11, 2026, when electronic status cards maintained by the Public Registry of Mines showed the concessions registered in the name of a third party. The formal recording of the agreement secures the titles within the company's 14,400-hectare Dos Santos Project in Zacatecas, Mexico, allowing management to direct its focus toward future operational activities.

“This is an important advancement for Galore and the Dos Santos Project,” said Michael McMillan, President and Chief Executive Officer of Galore Resources. “For a number of years, the Company has devoted substantial time, effort and resources to protecting its interests in these concessions. The recording of the Assignment Agreement represents an important step forward and allows management to direct greater attention toward advancing Dos Santos.”

— Michael McMillan, President and Chief Executive Officer of Galore Resources

The property has an established exploration footprint within the Concepción del Oro Mining District, supported by historical work including over 375 surface samples with assay results ranging from trace to 33.7 grams per tonne gold, alongside 27 shallow air-drilled holes. The company previously initiated a planned 5,000-metre diamond core drilling program targeting the Los Gemelos and Duraznillo prospect.

Concurrently, regional gold development activity in northern Zacatecas has advanced, highlighted by key permit approvals from SEMARNAT for the Cerro de Oro gold project secured by Mining Americas Inc.

“We have remained committed to Dos Santos because we continue to believe in the opportunity represented by the project. We appreciate the patience and support of our shareholders during a challenging period. Our focus is now on securing the capital and strategic relationships required to advance the next phase of work and build value for shareholders.”

— Michael McMillan, President and Chief Executive Officer of Galore Resources

Galore is currently engaged in discussions with prospective investors and mining companies regarding potential financing and strategic participation to fund field work, though no assurances have been provided that these talks will lead to a completed transaction.

Read the full announcement: Galore Resources Announces Recording of Assignment Agreement for Los Gemelos I and Duende 7 Concessions