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Trident Resources Signs Option Agreement to Option Adjoining Property on Major Gold Trend in Saskatchewan Canada

Trident Resources Corp. (TSX-V: ROCK) (OTCQB:TRDTF)(“ Trident ” or the “ Company ” or the “ Optionee ”)  is pleased to announce that it has signed an option agreement (the“Agreement ”) with an individual land owner (“ Optionor ”) pursuant to which the Company has optioned a property (the “ Project ”) that borders one of Trident’s core high-grade gold assets. The Company can earn a 100% interest in the Project which is made up of 6,902 hectares of claims with prospective...
Vancouver, (informazione.news - comunicati stampa - industria)

(“ ” or the “ ” or the “ ”)  is pleased to announce that it has signed an option agreement (the ”) with an individual land owner (“ ”) pursuant to which the Company has optioned a property (the “ ”) that borders one of Trident’s core high-grade gold assets. The Company can earn a 100% interest in the Project which is made up of 6,902 hectares of claims with prospective gold exploration potential directly adjacent to Trident’s Greywacke Gold Project in the La Ronge Gold Belt.



Jonathan Wiesblatt, Trident’s CEO, commented: 

Pursuant to the terms of the Agreement, the Company may acquire up to a 100% interest in the Project by (i) issuing a total of 50,000 common shares in the capital of the Company (“ ”); (ii) making aggregate cash payments of CAD $40,000; and (iii) incurring CAD $200,000 in exploration expenditures on the Project over a four-year period, as follows:

(1)The Company may accelerate any of the above noted earn-in phases and, in such case, the Company shall issue an additional 25,000 Shares to the Optionor.

The Optionor shall retain a 0.5% net smelter returns royalty from minerals mined and removed from the Project, of which the Optionee may purchase one-half, being 0.25%, at any time for $250,000.

The Shares issuable shall be subject to a statutory hold period of 4 months and 1 day from issuance. The transaction remains subject to TSX Venture Exchange approval. There are no finder’s fees payable pursuant to the transaction.



The scientific and technical data contained in this news release was approved by Cornell McDowell, P.Geo., a non-independent “qualified person” under the National Instrument 43-101 Standards of Disclosure of Mineral Projects.

Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project which contains a historical copper resource.

To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company’s website at www.tridentresourcescorp.com

Jonathan Wiesblatt, Chief Executive Officer
Email: Jon.Wiesblatt@tridentresourcescorp.com

For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications

Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@tridentresourcescorp.com


NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements.  Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca  for further information.



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