Silver Space Optioning 90% Of Imiter Nord Silver Project

VANCOUVER - François Lalonde, President and CEO of Stellar AfricaGold Inc., said, “The Company has signed an Exploration Option Agreement to explore, develop and earn up to 90% interest in the silver and multi-elements potential of the Imiter Nord Domain in the Oriental Anti-Atlas area in Morocco. Pursuant to the terms of the Exploration Option Agreement Stellar has three months to conduct additional technical due diligence on Imiter Nord at which time Stellar will issue Stellar shares to property vendor Hidaya Mining. Thereafter, Stellar may earn up to 90% interest in the Imiter Nord project by incurring 18,000,000 Moroccan dirhams (approximately US$1,981,000) of exploration over a period of three years. All subsequent exploration will be financed by the parties pro-rata according to their shareholding. Hidaya will retain a 2.5% NSR that Stellar can purchase at any time for 5,000,000 dirhams (approximately US$467,625) for each 0.5% tranche. The Exploration Option Agreement is subject to satisfactory technical results during the three-month due diligence period, to TSX-V and Moroccan Ministry of Mines approvals.