Information on the Target

Antler Gold Inc. (“Antler” or the “Company”) is a prominent player in the mining sector, well-known for its commitment to gold exploration and development. The Company, through its wholly owned subsidiary, Antler Gold Namibia (Pty) Ltd. (“Antler Namibia”), has finalized a binding agreement dated April 13, 2022, to acquire a 90% stake in the Onkoshi Gold Project located in Namibia from an unrelated vendor.

The Onkoshi Gold Project, which is approximately 140 kilometers northwest of Windhoek, was formerly recognized as the Erindi and Vredelus Projects. This project has undergone extensive historical exploration work, including drilling campaigns that laid the groundwork for future development. According to a NI 43-101 report prepared in 2004 for Helio Capital Corporation, the project shows promising mineralization, although the results remain unverified by Antler.

Industry Overview in Namibia

Namibia's mining sector is a significant contributor to its economy, characterized by its rich mineral resources and favorable investment climate. Gold mining, in particular, has gained momentum in recent years, with increasing global demand driving exploration and production activities. The government of Namibia actively encourages foreign investment, offering incentives and facilitating processes to establish mining operations.

The country's geological landscape presents ample opportunities for gold exploration, attracting mining companies from around the world. The presence of several established mines and exploration projects contributes to Namibia's reputation as a favorable region for mineral investment. With its stable political environment, clear regulations, and infrastructure development, Namibia remains an attractive destination for mining ventures.

Furthermore, the Namibian government is committed to sustainable mining practices, ensuring that exploration and extraction activities comply with environmental and social governance standards. This alignment towards responsible mining is expected to enhance the industry's growth and foster positive community relations, thus making it more appealing to international investors.

The Namibian mining industry is forecasted to continue its growth trajectory, bolstered by innovative exploration technologies and increasing investment in mining projects. As gold prices remain strong in global markets, the sector is poised to see heightened activity, particularly in exploration and production efforts.

The Rationale Behind the Deal

This acquisition aligns with Antler's strategic goal of expanding its portfolio of gold projects within favorable mining jurisdictions. The Onkoshi Gold Project offers significant potential due to its historical exploration data and its proximity to existing infrastructure, which facilitates future development.

Moreover, acquiring a controlling interest in the Onkoshi Project allows Antler to leverage its exploration capabilities and capitalize on the rising demand for gold in the international market. The deal represents an attractive opportunity for the Company to enhance its resource base and drive shareholder value.

Information About the Investor

Antler Gold Inc. operates primarily in the Canadian exploration sector and is listed on the TSX Venture Exchange under the ticker symbol ANTL. The Company is dedicated to identifying and developing high-quality mineral projects, particularly in gold-rich regions.

With a skilled management team and a strong technical background, Antler has established itself as a reputable player in the mining industry. Their strategic focus on acquisitions that promote growth exemplifies their commitment to expanding their operational footprint and enhancing production capabilities.

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The acquisition of the Onkoshi Gold Project appears to be a prudent investment for Antler Gold Inc. This move capitalizes on the existing exploration work and recognized potential of the area, which could lead to significant gold discoveries. The strategic fit of this project within Antler's broader portfolio reinforces the Company’s growth objectives.

Furthermore, Namibia's favorable investment climate and established mining infrastructure present an advantageous backdrop for this deal, reducing operational risks. By securing a 90% stake in a promising project, Antler is well-positioned to exploit the region's resource potential.

Given the rising global gold prices and strong market demand, this investment carries the potential for substantial returns in the medium to long term. As Antler commits to further exploration and development activities, stakeholders can anticipate enhanced shareholder value and a strengthened position in the gold market.

In conclusion, the Onkoshi Gold Project represents a strategic asset for Antler. If the Company can successfully navigate the exploration and development phases, it stands to achieve significant milestones that could transform its operational narrative and enhance its value proposition in the mining sector.

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