Canadian GoldCamps Announces Definitive Option Agreement with Stelmine for Courcy & Mercator Projects
Vancouver, April 1, 2026 - Canadian GoldCamps Corp. (CSE: CAMP) (FSE: A68) (the "Company") announces that it has entered into a definitive mineral property option agreement (the "Option Agreement") with Stelmine Canada Ltd. ("Stelmine") (TSX-V:STH), pursuant to which the Company has been granted an exclusive option to acquire up to an 80% interest in the Courcy and Mercator mineral projects located in Québec (the "Projects"). The Option Agreement supersedes and replaces the previously announced letter of intent dated December 19, 2025 and reflects the definitive terms of the transaction.
Under the terms of the Option Agreement, the Company has earned an initial 10% interest in the Projects and may acquire an additional 70% interest, for a total interest of up to 80%, upon the completion of a preliminary economic assessment ("PEA") or pre-feasibility study within a period of six years, subject to customary extensions. The Company is responsible for all exploration expenditures and for maintaining the Projects in good standing throughout the option period. In the event that the Company elects not to proceed or withdraws from the Projects prior to the completion and delivery of a PEA, it shall return the Projects to Stelmine in their entirety, in good standing and free of any encumbrances arising from its activities. There is no certainty that any PEA or pre-feasibility study will be completed or that any mineral resources or reserves will be defined.
As previously disclosed, the Company has previously issued common shares representing 9.99% of its issued and outstanding share capital and paid $100,000 in cash to Stelmine in connection with the transaction. No additional securities are being issued in connection with the execution of the Option Agreement. The Option Agreement also provides for milestone payments of $5,000,000 upon receipt of construction permits and $15,000,000 upon commencement of commercial production.
In connection with the transaction, the Company has agreed to grant to Stelmine:
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i.a 2.0% net smelter returns royalty on the Mercator Project (1.0% buyback for $1,000,000); and
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ii.a 1.0% net smelter returns royalty on the Courcy Project (0.5% buyback for $500,000).
The Courcy Project is also subject to an existing 0.25% net smelter returns royalty held by an independent third party, which is non-redeemable. The Company notes that its prior disclosure of the third-party net smelter returns royalty on the Courcy Project has been clarified in the definitive agreements. The Option Agreement includes customary terms including provisions relating to governance, operatorship, claim maintenance, milestone payments and termination rights.
The transaction remains subject to final acceptance by the Canadian Securities Exchange and other customary regulatory approvals.
ON BEHALF OF THE BOARD OF DIRECTORS
George Yordanov
George Yordanov, P.Geo.
President and CEO
Telephone: 604-687-2038
About Canadian GoldCamps Corp.
Canadian GoldCamps Corp. is a project generator, explorer and developer focused on gold opportunities in Canada. The Company's strategy is to acquire and advance high-quality assets and progress them through disciplined, technically driven exploration.
About Stelmine Canada Ltd.
Stelmine is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine, located very close to the contact of this basin.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including, without limitation, statements regarding the Company's ability to complete the transactions contemplated by the option agreement, earn an interest in the Projects, obtain required regulatory approvals, complete technical studies, and advance exploration and development activities, including risks relating to the Company's ability to satisfy earn-in conditions under the Option Agreement.
Forward-looking information is based on management's current expectations, estimates, projections and assumptions as of the date hereof, including, without limitation, assumptions regarding the Company's ability to satisfy the terms of the option agreement, obtain financing, complete required work programs and studies, and receive necessary regulatory approvals.
Forward-looking information is subject to a variety of known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such information, including, without limitation, risks related to regulatory approvals, the ability to complete the earn-in requirements, financing availability, exploration results, permitting, market conditions, and general economic and industry factors.
Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by applicable law.
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