Agreement To Consolidate Ownership Of Moss Mine

LAS VEGAS, NV - Northern Vertex Mining Corp. and Patriot Gold Corp reported the completion of the agreement, whereby Northern Vertex would purchase Patriot Gold's remaining 30% working interest in the Moss Gold/Silver Mine for C$1,500,000 plus the retention by Patriot of a 3% net smelter returns royalty. 

Northern Vertex CEO, Dick Whittington commented, It is gratifying to have this acquisition behind us. Owning 100% of the Moss Mine Property has already favorably impacted our funding efforts as the recently announced US$7.5 Million Convertible Debenture Private Placement attests to. The economics of the Moss Mine Project are compelling. We are excited by the opportunities this affords us and look forward to transitioning Northern Vertex from a development company to a production company in due course.

Patriot Gold's President, Bob Coale said, This is an important and positive milestone for the shareholders of Patriot and Northern Vertex, and also the people of Bullhead City. The Moss Mine is a tremendous project which is now well positioned to proceed to commercial production, The teams at Patriot and Northern Vertex have worked very hard to bring the project this far, and we are encouraged that there is now a clear pathway forward for the Moss which aligns our interests. Patriot’s royalty in the Moss Mine helps advance our core mission of acquiring and developing precious metals deposits in Arizona and Nevada.