Additional Earn-In Agreement With Newcrest Mining On Lodestar Project

VANCOUVER -  Headwater Gold Inc. has signed a definitive option and earn-in agreement with a wholly owned subsidiary of Newcrest Mining Limited on the Lodestar Project in Nevada.

Caleb Stroup, President and CEO, said, “We are very excited to partner with Newcrest again on yet another high-quality exploration project in the Headwater portfolio.  Our ongoing relationship with Newcrest has allowed us to quickly and effectively advance a number of our projects and we look forward to expanding this relationship through the inclusion of the Lodestar project.  The structure of the Earn-In Transaction offers our shareholders a potential carried Project interest to the completion of a Pre-Feasibility Study and a back-end net smelter royalty.  This transaction is another demonstration of the ability of the Headwater team to execute our hybrid business model and build significant value for shareholders through early-stage exploration.”