Sanatana appoints Chris Paul to Advisory Board and presents Sanatana awards

July 10, 2024

Vancouver, British Columbia–(Newsfile Corp. – July 9, 2024) – Sanatana Resources Inc. (TSXV:STA) (“Sanatana” or the “Pursue“) is pleased to announce the appointment of Mr. Chris Paul to the Advisory Board of Sanatana. Mr. Paul has over 15 years of discovery and capital markets experience in numerous senior exploration and management roles. He was a Director and Founder of Ridgeline Exploration which was acquired by Goldspot Discoveries in 2021. He also discovered the Williams Cu-Au porphyry system in British Columbia’s Golden Triangle in 2018 which was recently acquired by Kingfisher Metals (TSXV: KFR). Most recently, Mr. Paul discovered the blind Leviathan porphyry copper system in Idaho for Hercules Metals Corp (TSXV: BIG) in 2023. Mr. Paul holds a B.Sc. in Geology from Simon Fraser University and a Diploma in Mining from the British Columbia Institute of Technology.

Peter Miles, CEO of Sanatana, states: “We are pleased to have Chris join our Advisory Board. Chris’ experience and recent success drilling the Hercules Project in Idaho is directly relevant to Sanatana’s Oweegee Project in the Golden Triangle of British Columbia. The Hercules and Oweegee projects share several similarities, including the use of Dias Geophysical’s Distributed Array Deep IP (“DCIP”) survey system. Chris has been a great help in selecting the first drill holes for our upcoming drilling program scheduled to begin later in July 2024.”

Sanatana has granted incentive stock options to directors, officers, employees and contractors of the Company to purchase up to 4,650,000 common shares of the Company at a price of $0.10 per share. The stock options are exercisable on or before July 9, 2029 and will vest in increments, with 25% vesting immediately and the remaining 25% vesting every six months from the date of grant. Of the options granted, 3,050,000 were granted to directors and officers of the Company.

The stock options will be granted pursuant to the terms of the Company’s stock option plan and are subject to regulatory approval. Following the grant of the options, the Company will have 10,100,000 stock options outstanding.

about the company

Sanatana Resources Inc. is a mineral exploration and development company with an experienced management team and board of directors. Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSXV: STA).

Sanatana’s flagship project is the Oweegee Dome copper-gold porphyry property, which the Company has optioned from ArcWest Exploration Inc. (see Company news release dated July 21, 2021). The Oweegee Dome copper-gold porphyry property is located 40 km east of the KSM Brucejack Treaty Creek cluster of base and precious metal deposits and is underlain by similar geological settings: Stuhini Group (Tias age) host rocks, right-age intrusions, alteration and porphyry-style copper-gold-silver-molybdenite mineralization.

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(signed) “Peter Miles”

Peter Miles
President and Chief Executive Officer

For further information regarding the Company, please contact Mr. Peter Miles, Chief Executive Officer, at (604) 408-6680 or via email at [email protected].

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Cautionary note regarding forward-looking information

Mineralization on adjacent, nearby or geologically similar properties is not necessarily an indication that mineralization is present on the Company’s properties.

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws. All statements other than statements of historical fact included in this news release are forward-looking statements, including, without limitation, statements with respect to the Private Placement, the use of proceeds of the Private Placement, the exploration potential of the Oweegee Dome Project and drill site locations, all of which are subject to the risk factors included in Sanatana’s ongoing disclosure on SEDAR+ at www.sedarplus.ca.

Forward-looking statements and information can be identified by the use of words such as “plans”, “scheduled”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases or statements that certain actions, events or results “may”, “could”, “should”, “would”, “may” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties that are beyond the control of Sanatana. Actual results and developments are likely to differ materially from those contained in the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to publicly update or otherwise revise any forward-looking statements, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.