Golden Harp Resources Amends Agreement to Acquire Majority Stake in Mining Claims

Golden Harp Resources Inc., a Canadian mineral exploration company, announced an amendment to its Acquisition Agreement with Timothy A. Young. This will consolidate Golden Harp's interest within the Copper Hill Property by acquiring Mr. Young's 51% stake in the Block A Property. This strategic move will enhance the company's position in the emerging gold district, expanding its land package to over 11,500 hectares.

The amended agreement stipulates that Mr. Young will receive 28,218,460 common shares of Golden Harp. Upon closing, his holdings will comprise approximately 87% of the company’s outstanding shares. Additionally, a royalty agreement will grant him a 1% net smelter return on several claims.

Closure of this transaction is contingent upon receiving approval from the TSX Venture Exchange and disinterested shareholder approval. Failure to meet these conditions within 90 days will result in the termination of the agreement, though the transaction is exempt from formal valuation requirements under certain securities guidelines.