Great Divide Mining Seizes Full Control of Challenger Mines Amid Joint Venture Dispute

• GDM to acquire remaining 49% of Challenger Mines from ADG
• 10 million GDM shares issued to ADG as consideration, subject to escrow and shareholder approval
• ADG to pay settlement sum and retain proceeds from a property sale with indemnities
• 1% royalty on gold production capped at 125,000 ounces payable to ADG