ZTR Acquisition Corp. announces that it has entered into a letter of intent (the "LOI") dated effective August 17, 2020 outlining the general terms and conditions with respect to the acquisition (the "Acquisition") by the Company of all the issued and outstanding share capital of Federal Gold Corp. On completion of the proposed Acquisition, the Company's board of directors and management team will be reconstituted to consist individuals to be mutually agree between the Company and Federal Gold, including the individuals listed below. Adrian Rothwell, Chief Executive Officer: Mining industry entrepreneur and executive for over 25 years. President, Chief Executive Officer and Director of Lucky Minerals Inc. since September 16, 2019, Director and Chair of the Audit Committee on Fireweed Zinc Ltd. since February 14, 2017 and Director of KORE Mining Ltd. since October 30, 2018 (and founder in February 2016), formerly the President and Chief Executive Officer of KORE Mining Ltd.