Nagambie Resources Secures Shareholder Approval for Alkane Earn-In Joint Venture

• Alkane subscribes for 166.7 million shares in Nagambie at $0.015 each, raising $2.5 million
• 12-month option period commenced for Alkane to solely fund exploration on Nagambie’s tenements
• Alkane can earn 60% interest by funding $12.5 million within three years, with option to increase to 80% by funding $27.5 million over five years
• Joint venture to be managed by Alkane with Nagambie retaining minimum 20% interest or converting to a 2% NSR royalty if diluted below 10%