Tisdale Clean Energy to Add South Falcon East Property to Saskatchewan Uranium Portfolio

Pursuant to the Option Agreement, the Company can acquire a seventy-five percent interest in the Property, in two phases. Initially, the Company can acquire a fifty-one percent interest in the Property by completing the following payments and incurring the following exploration expenditures on the Property:

Payments on closing, paying $350,000 and issuing 1,111,111 common shares to the Vendor;

by the eighteen-month anniversary of closing, paying $1,450,000, of which up to $1,000,000 may be paid in common shares, based on the 20-day volume-weighted average closing price calculated on the day of issuance (VWAP”), at the election of the Company;

by the second anniversary of closing, paying $1,800,000, of which up to $1,000,000 may be paid in common shares, based on the VWAP, at the election of the Company; and by the third anniversary of closing, paying $2,500,000, of which up to $1,500,000 may be paid in common shares, […]

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