Big Ridge Gold Corp. announced that it has entered into an agreement (the "Amending Agreement") to amend the terms of its second earn-in right at the Hope Brook Gold Project (the " Hope Brook Gold Project") under the Company's earn-in agreement with, among others, First Mining Gold Corp. ("First Mining").

The Amending Agreement dispenses with the requirement for the Company to incur an additional $10,000,000 in expenditures on the Hope Brook Gold Project in exchange for the early exercise of the second earn-in right. Since the stage one earn-in right was exercised, the Company has incurred approximately $5.8 million in eligible expenditures on the Hope Brook Gold project. The Company has concurrently notified First Mining of its intention to exercise the amended second earn-in right by April 2, 2024 which, upon closing, would increase the Company's interest in the Hope Brook Gold Project from 51% to 80% immediately.

First Mining will retain a free carry on its 20% ownership interest in the Hope Brook Gold project until such time as Big Ridge completes a feasibility study on the project. Closing shall be subject to the approval of the TSX Venture Exchange and the satisfaction of certain conditions as set out in the Amending Agreement, including the issuance of 10,000,000 common shares of the Company to First Mining (the " Earn-in Shares") as consideration for the additional 29% interest in the Hope Brook GoldProject.