Northern Vertex Mining And Eclipse Gold Mining To Combine And Create New Western U.S. Gold Producer

VANCOUVER - Northern Vertex Mining Corp. and Eclipse Gold Mining Corp. reported that they have entered into a definitive arrangement agreement to combine in an at-market merger, creating a new gold growth resource business focused on the Western United States. Northern Vertex will be the resulting company with offices in the US and Canada.

Northern Vertex President, CEO and Director, Kenneth Berry, said, "The result of this transaction will be a combined company with a greatly strengthened balance sheet, and an enhanced team with extensive experience growing multi-asset gold companies. This represents a significant step toward our unwavering vision of building a top of the class mid-tier gold producer. We plan to use this new platform to accelerate organic growth opportunities by targeting significant resource expansion at the Moss Mine and execute an aggressive roll-up strategy focused on the Western United States."

Eclipse President, CEO, and Director, Michael G. Allen, said, "This combination gives Eclipse shareholders exposure to creating value on a larger scale, supported by positive cash-flow. Shareholders of the new combined company will now own a platform including two Walker Lane gold projects with multi-million-ounce potential, a producing mine with untapped production and cash-flow growth opportunities, and an executive team with demonstrated success building multi-asset companies organically and through M&A. This combination aligns all the key elements required toward building America's next mid-tier gold growth story."