Newfoundland Discovery Corp. (CNSX:NEWD) entered into a purchase agreement to acquire Robinson's Salt Property on the southwestern coast of Newfoundland, Canada for CAD 0.19 million on September 26, 2022. Under the terms of the Agreement, the Company shall acquire a 100% interest in the Property by issuing to the vendors a total of 2,000,000 common shares in the capital of the Company upon closing. The vendors shall retain a 2% net smelter returns royalty on the Property, of which the Company may purchase 1% (being 50%) for a price of CAD 1 million. Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this transaction.

Newfoundland Discovery Corp. (CNSX:NEWD) completed the acquisition of Robinson's Salt Property on the southwestern coast of Newfoundland, Canada in September 2022.