Headwater Gold Inc. (HWG.CN)

Headwater Gold and Newcrest Mining Sign Four Earn-In Exploration Agreements and Newcrest Subscribes to Strategic Equity Investment

TheNewswire - August 16, 2022 - Headwater Gold Inc. (CSE:HWG) (CNSX:HWG.CN) (OTC:HWAUF) (the "Company" or "Headwater") is pleased to announce it has signed four separate definitive option and earn-in agreements (the “Earn-in Agreements”) with a wholly owned subsidiary of Newcrest Mining Limited (“Newcrest”) (ASX, TSX, PNGX: NCM). Pursuant to the Earn-in Agreements, Newcrest will have an option to acquire (the “Earn-In Transaction”) up to a 75% interest individually in each of Headwater’s Mahogany Project in Oregon and Agate Point Project, Midas North Project and Spring Peak Project in Nevada (collectively, the “Projects”) for cumulative earn-in exploration expenditures of US$145,000,000 and the completion of Pre-Feasibility Studies which include a minimum resource of 1.5 million gold or gold equivalent ounces per Project.