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Overig advies 06/01/2022 14:01
VANCOUVER, British Columbia, January 6, 2022 – Sassy Resources Corporation (“Sassy” or the “Company”) (CSE: SASY) (FSE: 4E7) (OTCQB: SSYRF) is pleased to announce that it has signed a binding Letter of Intent (the
“LOI”) to acquire up to 100% of the drill-ready Highrock Uranium Project from Forum Energy Metals Corp.
(“Forum”). Cameco’s former producing Key Lake mine, which extracted over 200 million pounds of uranium by openpit methods at an average grade of 2.3% U3O8 from 1983 to 1997, is located immediately to the north of the Highrock
claim boundary.
Mr. Mark Scott, President and CEO of Sassy, commented: “The drill-ready Highrock Project is a potential high impact exploration play that gives Sassy shareholders exposure to a dynamic sector benefiting from the global energy
transition driving significant new investment in nuclear demand. This strategic initial foray into uranium makes Sassy the only junior resource company with exploration assets covering Northwest B.C.’s Eskay Camp (home of our
flagship Foremore Project), Saskatchewan’s Athabasca Basin, and the Central Newfoundland Gold Belt - three world class investor-friendly mining districts that provide a rock-solid foundation for Sassy’s immediate and longer-term
Mr. Mark Scott continued, “Given Ian Fraser’s geological background in Saskatchewan, and in the uranium sector,
combined with the bold Sassy approach that has served us well in our first 16 months as a public company, I’m
confident we’ll take Highrock to the next level working with a strong technical team at Forum whose work has set the
table for a discovery at this property.”
Highrock Highlights:
• Highrock is situated just outside the Athabasca Basin along the same conductive lithological unit that hosts
the Key Lake deposits. The property consists of two claims covering 20 sq. km;
• The exploration target at Highrock is a basement-hosted deposit similar in style to NexGen Energy’s Arrow
deposit and Fission Uranium’s Triple R deposit;
• Gravity surveys at Highrock have identified numerous gravity lows, some associated with zones of alteration,
along a strong multi-km-long EM defined graphite conductor;
• Initial drilling by Forum in 2015-2016 defined zones of chloritization, bleaching, elevated boron and other
pathfinder elements (some associated with the gravity lows), which are in need of follow-up drilling;
• Cameco Corporation adjoins Highrock to the east, the upper northwest and along strike to the south. Fission
3.0 has property immediately southeast of Highrock;
• A 10 to 12-hole drill program totaling approximately 3,000 meters is proposed to test the Highrock target
areas in Q1 2022. Permitting, community engagement and procurement processes are underway.
The Deal:
• Sassy paid Forum $50,000 cash upon signing of the binding LOI. The LOI between Sassy and Forum describes
a staged earn-in under which Sassy will initially acquire a 20% interest in Highrock by paying Forum $50,000
cash, 250,000 Sassy shares (on February 2, 2022, post-Gander Gold date of record for share distribution) and
completing $1,000,000 in exploration expenditures during 2022;
• Sassy can earn an additional 31% interest (51% total) by paying $50,000 cash and 250,000 shares on or about
January 2, 2023, and by providing $1,000,000 in exploration funding for 2023;
• Sassy can earn an additional 19% interest (70% total) by paying $50,000 cash, 250,000 shares on or about
January 2, 2024 and providing $1,500,000 in exploration funding for 2024;
• The final 30% interest in the Property (100% total) may be acquired by Sassy by paying Forum $150,000 in
cash and 3,000,000 shares on or before December 31, 2025;
• In total, to acquire 100% of Highrock, Sassy will pay $350,000 in cash, issue 3,750,000 shares and
provide up to $3,500,000 in exploration funding over four years between January 3, 2022, and December
31, 2025. Should the project advance to this stage, Sassy will pay Forum $1,000,000 on delivery of a
Feasibility Study and a further $3,000,000 on commencement of commercial production. Forum maintains a
1% NSR on Highrock, half of which (0.5%) can be purchased by Sassy prior to the commencement of commercial production for the sum of $1,000,000. A 1% NSR on the north claim (S-113362) is shared by
third parties, half of which (0.5%) may be purchased by Sassy for the sum of $1,000,000. A 2% NSR on the south claim (MC00013262) is held by a third party and at present is not subject to a repurchase clause;
• Forum Energy Metals will act as project operator for 2022 and 2023 and may do so at Sassy’s option in 2024.
Permitting and procurement processes are well underway to facilitate 2022 drilling starting as early as February. The parties have agreed to complete a Definitive Option Agreement by January 31, 2022. This Definitive Agreement is subject to customary Board, Exchange and regulatory approvals, as required.

Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Ian Fraser, P.Geo., Vice President
of Exploration for Sassy Resources. Mr. Fraser is the Qualified Person responsible for the scientific and technical
information contained herein under National Instrument 43-101 standards.
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