West Vault Mining Enters Gold And Silver Stream Agreement with Sprott


VANCOUVER - West Vault Mining Inc. announced the execution of a definitive Purchase and Sale Agreement (Stream Agreement) between the Company and Sprott Private Resource Streaming and Royalty Corp. (Sprott) for 1.41% of all refined gold and silver (the 1.41% Stream) to be produced for the life of mine from the Hasbrouck Gold Project, located southwest of Tonopah, Nevada and comprised of the 100% owned Hasbrouck property, Three Hills property and the Hill of Gold property (together the "Hasbrouck Gold Project").

The permitted Hasbrouck Gold Project is one of only a few shovel-ready gold projects in the US South-west, and not including the Hill of Gold property, hosts an estimated 762,000 ounces of Proven and Probable gold Reserves1 and 10,569,000 ounces of Proven and Probable silver Reserves1. At a gold price of US $1,800, an independent Pre-feasibility Study completed in 20161 (the "2016 PFS") estimated an after-tax IRR of 92% and a US $295 Million NPV. The Company believes additional mineral resources may be delineated adjacent to the known deposit areas by further exploration drilling during construction and operation.